CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (29,118)	$ (52,301)
(Income) loss allocable to noncontrolling interests	(21,591)	(25,685)
Net loss to common shareholders	(7,527)	(26,616)
Adjustments to reconcile net loss to common shareholders to net cash provided by operating activities:
Net gains on sales of bonds and loans	(687)	(2,422)
Net losses on sales of real estate		5,019
Provisions for credit losses and impairment	9,946	15,944
Equity in losses, net from equity investments in partnerships	16,728	26,186
Purchases, advances on and originations of loans held for sale	(196)	(25)
Principal payments and sales proceeds received on loans held for sale	172	4,804
Federal income tax refund		7,694
Other	5,923	4,359
Net cash provided by operating activities	2,768	9,258
CASH FLOWS FROM INVESTING ACTIVITIES:
Advances on and purchases of bonds	(10,000)
Principal payments and sales proceeds received on bonds	45,870	24,068
Advances on and originations of loans held for investment	(82)	(76)
Principal payments received on loans held for investment	51,911	34,680
Investments in property partnerships	(16,393)	(24,348)
Proceeds from the sale of a business		5,825
Decrease in restricted cash and cash of consolidated funds and ventures	885	991
Capital distributions received from investments in partnerships	555	298
Net cash provided by investing activities	72,746	41,438
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowing activity	287	10,734
Repayment of borrowings	(94,556)	(63,054)
Payment of debt issue costs	(129)	(1,014)
Contributions from holders of noncontrolling interests	24,356	18,355
Distributions paid to holders on noncontrolling interests	(95)
Distributions paid to perpetual preferred shareholders of a subsidiary company	(4,935)	(4,932)
Repurchase and retirement of perpetual preferred shares	(8,100)
Net cash used in financing activities	(83,172)	(39,911)
Net (decrease) increase in cash and cash equivalents	(7,658)	10,785
Unrestricted cash and cash equivalents at beginning of period	32,544	18,084
Unrestricted cash and cash equivalents at end of period	24,886	28,869
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	23,036	29,128
Income taxes paid	130	22
Non-cash investing and financing activities:
Unrealized gains included in other comprehensive income	19,957	19,041
Debt assumed upon acquisition of interests in securitization trusts		634
Debt and liabilities extinguished through sales and collections on bonds	23,390	49,794
Assets received in troubled debt restructuring		9,450
Consolidated Entities
CASH FLOWS FROM OPERATING ACTIVITIES:
(Income) loss allocable to noncontrolling interests	(26,403)	(30,617)
Adjustments to reconcile net loss to common shareholders to net cash provided by operating activities:
Equity in losses, net from equity investments in partnerships	16,627	25,981
Non-cash investing and financing activities:
Increase / Decrease in assets due to initial consolidation / deconsolidation of funds and ventures		45,692
Increase / Decrease in liabilities and noncontrolling interests due to initial consolidation / deconsolidation of funds and ventures		45,692
Subsidiaries
CASH FLOWS FROM OPERATING ACTIVITIES:
(Income) loss allocable to noncontrolling interests	4,812	4,932
Unconsolidated Affiliates
Adjustments to reconcile net loss to common shareholders to net cash provided by operating activities:
Equity in losses, net from equity investments in partnerships	110	204
Non-cash investing and financing activities:
Increase / Decrease in assets due to initial consolidation / deconsolidation of funds and ventures		29,141
Increase / Decrease in liabilities and noncontrolling interests due to initial consolidation / deconsolidation of funds and ventures		$ 25,107