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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 38,308,000 $ 22,278,000
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 992,000  
Provision for credit losses 2,783,000 1,985,000
Unrealized gains on trading securities (120,000)  
Equity in earnings of unconsolidated entities (1,678,000) (1,144,000)
Distributions from unconsolidated entities 3,805,000  
Other-than-temporary impairment on investments   214,000
Gain on sale of investment securities, net (832,000)  
Gain on sale of assets (370,000)  
Deferred income tax provision 3,250,000  
Equity-based compensation issued 845,000  
Trading securities purchases and sales, net (3,154,000)  
Loss from discontinued operations 0 2,000
Changes in operating assets and liabilities (12,605,000)  
Net cash provided by (used in) operating activities 49,853,000 (35,793,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (176,000)  
Investments in real estate and unconsolidated real estate entities (1,194,000)  
Principal payments on leases and loans 2,000  
Purchase of loans and investments (1,318,000)  
Proceeds from sale of loans and investments 721,000  
Net cash (used in) provided by investing activities (211,988,000) 88,199,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in borrowings 2,500,000  
Principal payments on borrowings (2,706,000)  
Dividends paid (1,964,000)  
Proceeds from issuance of common stock 1,550,000  
Repurchases of common stock (2,083,000)  
Increase in restricted cash (84,000)  
Net cash provided by (used in) financing activities 154,140,000 (51,637,000)
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Operating activities 0 (495,000)
Net cash used in discontinued operations 0 (495,000)
(Decrease) increase in cash (7,995,000) 274,000
Cash, beginning of year 19,853,000 11,899,000
Cash, end of period 11,858,000 12,173,000
RAI [Member]
   
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 992,000 996,000
Provision for credit losses 2,783,000 1,985,000
Unrealized gains on trading securities (120,000) (484,000)
Equity in earnings of unconsolidated entities (1,678,000) (1,144,000)
Distributions from unconsolidated entities 3,805,000 1,566,000
Other-than-temporary impairment on investments 0 214,000
Gain on sale of investment securities, net (832,000) (1,716,000)
Gain on sale of assets (370,000) (1,623,000)
Deferred income tax provision 3,250,000 (1,657,000)
Equity-based compensation issued 845,000 610,000
Trading securities purchases and sales, net (3,154,000) (618,000)
Loss from discontinued operations 0 2,000
Changes in operating assets and liabilities (12,605,000) 2,007,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (176,000) (474,000)
Payments received on real estate loans and real estate 0 2,049,000
Investments in real estate and unconsolidated real estate entities (1,194,000) (997,000)
Principal payments on leases and loans (2,000) (3,000)
Purchase of loans and investments (1,318,000) (1,522,000)
Proceeds from sale of loans and investments 721,000 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in borrowings 2,500,000 2,000,000
Principal payments on borrowings (2,706,000) (2,243,000)
Dividends paid (1,964,000) (1,183,000)
Proceeds from issuance of common stock 1,550,000 1,253,000
Repurchases of common stock (2,083,000) (54,000)
Increase in restricted cash   0
Other 0 228,000
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Cash, beginning of year 19,853,000  
Cash, end of period 11,858,000  
RSO [Member]
   
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Adjustments to reconcile net income and operating cash flows to net income of consolidated VIE - RSO 18,629,000 (58,209,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of loans and investments (597,139,000) (473,710,000)
Principal payments and proceeds from sales of loans and securities by consolidated VIE - RSO 365,922,000 584,201,000
Increase (decrease) in restricted cash of consolidated VIE - RSO 10,543,000 (5,926,000)
Other investing activity of consolidated VIE - RSO 10,655,000 (15,419,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings (repayments) of debt by consolidated VIE - RSO 48,965,000 (182,637,000)
Dividends paid on common stock by consolidated VIE - RSO (50,313,000) (42,542,000)
Proceeds from issuance of common stock 163,319,000 179,826,000
Other $ (5,044,000) $ (6,285,000)