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Debt and Preferred Equity Investments (Details) (USD $)
6 Months Ended 6 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Dec. 31, 2010
Jun. 30, 2012
Debt investment
Dec. 31, 2011
Debt investment
Jun. 30, 2012
Total fixed rate
Jun. 30, 2012
Other loan with an initial maturity of September 2021
Dec. 31, 2011
Other loan with an initial maturity of September 2021
Jun. 30, 2012
Mortgage/Mezzanine loan with an initial maturity date of March 2017
Dec. 31, 2011
Mortgage/Mezzanine loan with an initial maturity date of March 2017
Jun. 30, 2012
Mezzanine loan with an initial maturity date of November 2016
Dec. 31, 2011
Mezzanine loan with an initial maturity date of November 2016
Jun. 30, 2012
Junior participation with an initial maturity date of June 2016
Dec. 31, 2011
Junior participation with an initial maturity date of June 2016
Jun. 30, 2012
Mortgage/Mezzanine loan with an initial maturity date of May 2016
Dec. 31, 2011
Mortgage/Mezzanine loan with an initial maturity date of May 2016
Jun. 30, 2012
Mezzanine loan with an initial maturity date of May 2016
Dec. 31, 2011
Mezzanine loan with an initial maturity date of May 2016
Jun. 30, 2012
Mezzanine loan with an initial maturity date of February 2016
Dec. 31, 2011
Mezzanine loan with an initial maturity date of February 2016
Feb. 29, 2012
Junior Participation
Dec. 31, 2011
Junior Participation
Mar. 30, 2012
Junior Participation
Dec. 31, 2011
Junior Participation
Jun. 30, 2012
Mezzanine Loan with initial maturity date of October 2016
Dec. 31, 2011
Mezzanine Loan with initial maturity date of October 2016
Jun. 30, 2012
Mezzanine loan with an initial maturity date of July 2016
Dec. 31, 2011
Mezzanine loan with an initial maturity date of July 2016
Jun. 30, 2012
Mortgage/Mezzanine loan with an initial maturity date of February 2015
Jun. 30, 2012
Mezzanine Loan with initial maturity date of January 2015
Dec. 31, 2011
Mezzanine Loan with initial maturity date of January 2015
Jun. 30, 2012
Mezzanine loan with an initial maturity date of August 2014
Dec. 31, 2011
Mezzanine loan with an initial maturity date of August 2014
Jun. 30, 2012
Mezzanine loan with an initial maturity date of July 2014
Jun. 30, 2012
Mezzanine loan with an initial maturity date of July 2013
Dec. 31, 2011
Mezzanine loan with an initial maturity date of July 2013
Nov. 30, 2011
Mezzanine loan with an initial maturity date of July 2013
Jun. 30, 2012
Junior participation with an initial maturity date of June 2013
Dec. 31, 2011
Junior participation with an initial maturity date of June 2013
Jun. 30, 2012
Total floating rate
Jun. 30, 2011
Mortgage with an initial maturity date of February 2013
Jun. 30, 2012
Mortgage with an initial maturity date of February 2013
Dec. 31, 2011
Mortgage with an initial maturity date of February 2013
Sep. 30, 2011
Mortgage with an initial maturity date of February 2013
Jun. 30, 2012
Mezzanine loan with an initial maturity date of August 2012
Dec. 31, 2011
Mezzanine loan with an initial maturity date of August 2012
Jun. 30, 2012
Mezzanine Loan with initial maturity date of July 2012
Dec. 31, 2011
Mezzanine Loan with initial maturity date of July 2012
Nov. 30, 2011
Mezzanine Loan with initial maturity date of July 2012
Jun. 30, 2012
Mortgage with an initial maturity date of June 2012
Dec. 31, 2011
Mortgage with an initial maturity date of June 2012
Dec. 31, 2011
Other Loan
Debt and Preferred Equity Investments                                                                                                          
Increase in debt and preferred equity investments (net of discounts), including investments classified as held-for-sale $ 159,100,000 $ 162,900,000                                                                                                      
Decrease in debt and preferred equity investments (net of discounts), including investments classified as held-for-sale 162,800,000 544,300,000                                                                                                      
Debt investment                                                                                                          
Aggregate weighted average current yield (as a percent)         9.53%                                                                                                
Senior Financing 3,815,340,000           1,974,397,000 15,000,000   1,109,000,000   165,000,000   133,000,000   170,397,000   177,000,000   205,000,000           81,000,000   55,000,000     45,000,000   170,000,000   62,500,000 75,000,000     60,250,000   1,840,943,000   28,500,000     796,693,000   467,000,000          
Carrying Value, Net of Discounts, at fixed rate         359,960,000 349,918,000   3,500,000 3,500,000 108,549,000 108,817,000 70,864,000 40,375,000 49,000,000 49,000,000 46,452,000 46,416,000 16,500,000 17,112,000 65,095,000 64,973,000   8,725,000   11,000,000                                                        
Carrying Value, Net of Discounts, at floating rate 982,209,000   985,942,000   293,957,000 290,139,000                                       34,940,000 34,940,000 35,000,000 35,000,000 36,700,000 10,000,000 10,000,000 60,000,000 60,000,000 37,500,000 7,650,000 7,650,000   10,875,000 10,875,000     3,000,000 3,000,000   8,392,000 8,392,000 49,900,000 30,747,000     86,339,000 3,196,000
Loan Participation Amount included in Other assets & Other liabilities                                                                           7,400,000             28,500,000                
Carrying value, net of discounts         653,917,000 640,057,000                                                                                              
Loan loss reserve (41,050,000)   (50,175,000) (61,361,000) (7,000,000) (19,125,000)                                                                                              
Total, net of reserve         646,917,000 620,932,000                                                                                              
Amount recovered from sale of loan                                           400,000   2,000,000                                                          
Ownership interest in consolidated joint venture holding the debt investment (as a percent)                                                                                                     88.00%    
Interest in property (as a percent)                                                                                                   50.00%      
Additional funding provided                                                                                   5,500,000                      
Value of mortgage                                                                           15,000,000             31,500,000                
Additional participation interest acquired (as a percent)                                                                                           38.60%              
Additional commitments to fund in connection with loan                                                   $ 15,000,000