CONSOLIDATING FINANCIAL INFORMATION (Consolidating Balance Sheet) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012
ASSETS
Cash	$ 11,858	$ 19,853	$ 12,173	$ 11,899
Loans and receivables from managed entities and related parties, net	32,586	30,923
Investments in real estate, net	17,084	17,696
Investment securities, at fair value	12,590	7,839
Investments in unconsolidated entities	13,448	14,342
Assets of consolidated variable interest entity (VIE) - RSO (see Note 19):
Total assets	2,723,446	2,318,451	2,563,941
Liabilities:
Payables to managed entities and related parties	3,608	3,110
Borrowings	20,558	20,619
Liabilities of consolidated VIE - RSO:
Borrowings	20,558	20,619
Total liabilities	1,675,339	1,421,125
Preferred stock, $1.00 par value, 1,000,000 shares authorized; none outstanding	0	0
Common stock, $.01 par value, 49,000,000 shares authorized; 31,111,667 and 30,378,339 shares issued (including nonvested restricted stock of 674,701 and 400,194), respectively	304	299
Additional paid-in capital	290,947	288,555
Accumulated deficit	(24,290)	(26,025)
Treasury stock, at cost	(109,906)	(107,874)
Accumulated other comprehensive loss	(1,257)	(1,231)
Total stockholders’ equity	155,798	153,724
Total equity	1,048,107	897,326
Liabilities and equity	2,723,446	2,318,451
Reportable Legal Entities [Member]
Assets of consolidated variable interest entity (VIE) - RSO (see Note 19):
Total assets	165,278		163,184
Consolidation, Eliminations [Member]
ASSETS
Cash	0	0
Assets of consolidated variable interest entity (VIE) - RSO (see Note 19):
Total assets	(27,998)
Liabilities of consolidated VIE - RSO:
Total liabilities	(3,076)
Total equity	(24,922)
Liabilities and equity	(27,998)
RAI [Member]
ASSETS
Cash	11,858	19,853
Restricted cash	654	571
Receivables	3,400	541
Loans and receivables from managed entities and related parties, net	32,586	30,923
Investments in real estate, net	17,084	17,696
Investment securities, at fair value	12,590	7,839
Investments in unconsolidated loan manager (see Note 8)	38,461	37,821
Investments in unconsolidated entities	13,448	14,342
Assets of consolidated variable interest entity (VIE) - RSO (see Note 19):
Property and equipment, net	5,378	5,844
Deferred tax assets, net	24,607	27,769
Other assets	5,212	4,791
Liabilities:
Accrued expenses and other liabilities	16,846	22,134
Payables to managed entities and related parties	3,608	3,110
Borrowings	20,558	20,619
Liabilities of consolidated VIE - RSO:
Borrowings	20,558	20,619
Preferred stock, $1.00 par value, 1,000,000 shares authorized; none outstanding	0
Common stock, $.01 par value, 49,000,000 shares authorized; 31,111,667 and 30,378,339 shares issued (including nonvested restricted stock of 674,701 and 400,194), respectively	304
Additional paid-in capital	290,947
Accumulated deficit	(24,290)
Treasury stock, at cost	(109,906)
Accumulated other comprehensive loss	(1,257)
Total stockholders’ equity	155,798
Noncontrolling interests	306	238
RAI [Member] | Reportable Legal Entities [Member]
ASSETS
Cash	11,858	19,853
Restricted cash	654
Receivables	3,486
Loans and receivables from managed entities and related parties, net	35,146
Investments in real estate, net	17,084
Investment securities, at fair value	28,710
Investments in unconsolidated loan manager (see Note 8)	38,461
Investments in unconsolidated entities	13,448
Assets of consolidated variable interest entity (VIE) - RSO (see Note 19):
Property and equipment, net	5,378
Deferred tax assets, net	33,258
Other assets	5,212
Total assets	192,695
Liabilities:
Accrued expenses and other liabilities	16,846
Payables to managed entities and related parties	3,631
Borrowings	21,116
Liabilities of consolidated VIE - RSO:
Borrowings	21,116
Total liabilities	41,593
Preferred stock, $1.00 par value, 1,000,000 shares authorized; none outstanding	0
Common stock, $.01 par value, 49,000,000 shares authorized; 31,111,667 and 30,378,339 shares issued (including nonvested restricted stock of 674,701 and 400,194), respectively	304
Additional paid-in capital	290,947
Accumulated deficit	(19,560)
Treasury stock, at cost	(109,906)
Accumulated other comprehensive loss	(10,989)
Total stockholders’ equity	150,796
Noncontrolling interests	306
Total equity	151,102
Liabilities and equity	192,695
RAI [Member] | Consolidation, Eliminations [Member]
ASSETS
Cash	0
Restricted cash	0
Receivables	(86)
Loans and receivables from managed entities and related parties, net	(2,560)
Investments in real estate, net	0
Investment securities, at fair value	(16,120)
Investments in unconsolidated loan manager (see Note 8)	0
Investments in unconsolidated entities	0
Assets of consolidated variable interest entity (VIE) - RSO (see Note 19):
Property and equipment, net	0
Deferred tax assets, net	(8,651)
Other assets	0
Liabilities:
Accrued expenses and other liabilities	0
Payables to managed entities and related parties	(23)
Borrowings	(558)
Liabilities of consolidated VIE - RSO:
Borrowings	(558)
Preferred stock, $1.00 par value, 1,000,000 shares authorized; none outstanding	0
Common stock, $.01 par value, 49,000,000 shares authorized; 31,111,667 and 30,378,339 shares issued (including nonvested restricted stock of 674,701 and 400,194), respectively	0
Additional paid-in capital	0
Accumulated deficit	(4,730)
Treasury stock, at cost	0
Accumulated other comprehensive loss	9,732
Total stockholders’ equity	5,002
Noncontrolling interests	0
RSO [Member]
ASSETS
Investment securities, at fair value	273,454	226,764
Assets of consolidated variable interest entity (VIE) - RSO (see Note 19):
Cash and cash equivalents (including restricted cash)	313,528	325,579
Loans	1,785,135	1,397,458
Investments in real estate and unconsolidated entities	89,989	124,193
Other assets	96,062	76,467
Total assets	2,558,168		2,400,757
Liabilities:
Borrowings	1,579,985	1,320,015
Liabilities of consolidated VIE - RSO:
Borrowings	1,579,985	1,320,015
Other liabilities	54,342	55,247
Total liabilities	1,634,327
Noncontrolling interests	892,003	743,364
RSO [Member] | Reportable Legal Entities [Member]
ASSETS
Cash	0	0
Investment securities, at fair value	273,454
Assets of consolidated variable interest entity (VIE) - RSO (see Note 19):
Cash and cash equivalents (including restricted cash)	313,528
Loans	1,785,693
Investments in real estate and unconsolidated entities	89,989
Other assets	96,085
Total assets	2,558,749
Liabilities:
Borrowings	1,579,834
Liabilities of consolidated VIE - RSO:
Borrowings	1,579,834
Other liabilities	56,988
Total liabilities	1,636,822
Noncontrolling interests	921,927
Total equity	921,927
Liabilities and equity	2,558,749
RSO [Member] | Consolidation, Eliminations [Member]
ASSETS
Investment securities, at fair value	0
Assets of consolidated variable interest entity (VIE) - RSO (see Note 19):
Cash and cash equivalents (including restricted cash)	0
Loans	(558)
Investments in real estate and unconsolidated entities	0
Other assets	(23)
Total assets	(581)
Liabilities:
Borrowings	151
Liabilities of consolidated VIE - RSO:
Borrowings	151
Other liabilities	(2,646)
Total liabilities	(2,495)
Noncontrolling interests	$ (29,924)