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Debt and Preferred Equity Investments (Details 2) (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Dec. 31, 2011
Preferred equity investments
Dec. 31, 2010
Preferred equity investments
Dec. 31, 2011
Preferred equity with initial mandatory redemption on July, 2014
Dec. 31, 2010
Preferred equity with initial mandatory redemption on July, 2014
Dec. 31, 2011
Preferred equity with initial mandatory redemption on August, 2012
Dec. 31, 2010
Preferred equity with initial mandatory redemption on August, 2012
Dec. 31, 2011
Preferred equity with initial mandatory redemption on July, 2016
Preferred equity investment                      
Aggregate weighted average current yield (as a percent)         9.80% 9.80%          
Senior Financing         $ 2,382,150,000   $ 480,000,000   $ 975,890,000   $ 926,260,000
Amount Outstanding, Net of Discounts             141,980,000 45,912,000 51,000,000 46,372,000 203,080,000
Loan loss reserve (50,175,000) (61,361,000) (93,844,000) (98,916,000) (31,050,000) (20,900,000)          
Amount Outstanding, Net of Discounts 985,942,000 963,772,000     365,010,000 71,384,000          
Preferred equity loans granted             $ 50,000,000