XML 28 R56.htm IDEA: XBRL DOCUMENT v2.4.0.8
Debt and Preferred Equity Investments (Details) (USD $)
6 Months Ended 0 Months Ended 1 Months Ended 1 Months Ended 6 Months Ended 9 Months Ended 6 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Dec. 31, 2011
Jun. 30, 2013
Debt investment
Dec. 31, 2012
Debt investment
Jun. 30, 2013
Total fixed rate
Dec. 31, 2012
Total fixed rate
Jun. 30, 2013
Other loan with an initial maturity of March 2015
Jun. 30, 2013
Mezzanine loan with an initial maturity date of February 2016
Dec. 31, 2012
Mezzanine loan with an initial maturity date of February 2016
Jun. 30, 2013
Mortgage/Mezzanine loan with an initial maturity date of May 2016
Dec. 31, 2012
Mortgage/Mezzanine loan with an initial maturity date of May 2016
Jun. 30, 2013
Mezzanine loan with an initial maturity date of May 2016
Dec. 31, 2012
Mezzanine loan with an initial maturity date of May 2016
Jun. 30, 2013
Junior participation with an initial maturity date of June 2016
Dec. 31, 2012
Junior participation with an initial maturity date of June 2016
Jun. 30, 2013
Mezzanine loan with an initial maturity date of November 2016
Dec. 31, 2012
Mezzanine loan with an initial maturity date of November 2016
Jan. 13, 2013
Mortgage/Mezzanine loan with an initial maturity date of March 2017
Jan. 31, 2013
Mortgage/Mezzanine loan with an initial maturity date of March 2017
Jun. 30, 2013
Mortgage/Mezzanine loan with an initial maturity date of March 2017
Dec. 31, 2012
Mortgage/Mezzanine loan with an initial maturity date of March 2017
Jun. 30, 2013
Other loan with an initial maturity of September 2021
Dec. 31, 2012
Other loan with an initial maturity of September 2021
May 31, 2013
Mortgage
Nov. 30, 2012
Mortgage
Dec. 31, 2012
Mortgage
Jun. 30, 2013
Total floating rate
Dec. 31, 2012
Total floating rate
Jun. 30, 2013
Mezzanine loan with an initial maturity date of December 2013
item
Feb. 28, 2013
Mezzanine loan with an initial maturity date of December 2013
Sep. 30, 2012
Mortgage/Mezzanine Loan with an initial maturity date of July 2014
Jun. 30, 2013
Mortgage/Mezzanine Loan with an initial maturity date of July 2014
Dec. 31, 2012
Mortgage/Mezzanine Loan with an initial maturity date of July 2014
Jul. 31, 2012
Mortgage/Mezzanine Loan with an initial maturity date of July 2014
Jun. 30, 2013
Junior participation with an initial maturity date of June 2013 extended to February 2014
Dec. 31, 2012
Junior participation with an initial maturity date of June 2013 extended to February 2014
Jun. 30, 2013
Junior participation with an initial maturity date of February 2014
Jun. 30, 2013
Mezzanine loan with an initial maturity date of July 2014
Dec. 31, 2012
Mezzanine loan with an initial maturity date of July 2014
Nov. 30, 2012
Mezzanine loan with an initial maturity date of July 2014
Jun. 30, 2013
Mezzanine loan with an initial maturity date of August 2014
Dec. 31, 2012
Mezzanine loan with an initial maturity date of August 2014
Jun. 30, 2013
Mortgage with initial maturity date of September 2014
Dec. 31, 2012
Mortgage with initial maturity date of September 2014
Jun. 30, 2013
Mortgage/Mezzanine loan with an initial maturity date of February 2015
Dec. 31, 2012
Mortgage/Mezzanine loan with an initial maturity date of February 2015
Jun. 30, 2013
Mezzanine loan with an initial maturity date of December 2015
Dec. 31, 2012
Mezzanine loan with an initial maturity date of December 2015
Mar. 31, 2013
Mortgage with initial maturity date of March 2016
Jun. 30, 2013
Mortgage with initial maturity date of March 2016
Jun. 30, 2013
Mezzanine loan with an initial maturity date of June 2016
Dec. 31, 2012
Mezzanine loan with an initial maturity date of June 2016
Nov. 30, 2011
Mezzanine loan with an initial maturity date of June 2016
Jun. 30, 2013
Mezzanine loan with an initial maturity date of July 2016
Dec. 31, 2012
Mezzanine loan with an initial maturity date of July 2016
Jun. 30, 2013
Mezzanine Loan with initial maturity date of October 2016
Dec. 31, 2012
Mezzanine Loan with initial maturity date of October 2016
Debt and Preferred Equity Investments                                                                                                                      
Increase in debt and preferred equity investments (net of discounts and deferred origination fees), including investments classified as held-for-sale $ 298,800,000 $ 159,100,000                                                                                                                  
Decrease in debt and preferred equity investments (net of discounts), including investments classified as held-for-sale 419,800,000 159,800,000                                                                                                                  
Loan loss reserves recorded 0 3,000,000                                                                                                                  
Debt investment                                                                                                                      
Aggregate weighted average current yield (as a percent) 11.20%                                                                                                                    
Senior Financing 4,277,860,000           2,370,466,000   398,500,000 205,000,000   167,966,000   177,000,000   133,000,000   165,000,000       1,109,000,000   15,000,000         1,907,394,000         330,000,000     57,750,000   78,200,000 62,500,000     180,000,000           92,711,000     775,000,000 160,000,000     87,300,000   83,933,000  
Carrying Value, Net of Discounts and Deferred Origination Fees, at fixed rate             340,959,000 583,565,000 14,820,000 67,170,000 66,307,000 44,358,000 44,013,000 15,436,000 15,906,000 49,000,000 49,000,000 71,073,000 70,967,000     75,602,000 115,804,000 3,500,000 3,500,000     218,068,000               49,900,000                                              
Repayments of debt                                                                                                         15,000,000            
Mortgage Loans on Real Estate, Commercial and Consumer, Net 1,227,421,000   1,348,434,000                                                                                                                
Carrying Value, Net of Discounts and Deferred Origination Fees, at floating rate                                                         542,161,000 433,290,000 29,826,000     131,470,000 131,231,000 182,000,000 10,863,000 10,869,000 23,057,000 37,359,000 37,288,000   59,812,000 59,739,000 14,817,000 14,745,000 51,227,000 47,253,000 27,734,000 55,336,000   72,358,000 22,503,000 7,624,000   25,572,000 34,761,000 35,563,000 34,444,000
Loan Participation Amount included in Other assets and/or Other liabilities                                                                                   5,000,000                     7,400,000   7,400,000        
Carrying value, net of discounts         883,120,000 1,016,855,000                                                                                                          
Loan loss reserve (7,000,000)   (7,000,000) (50,175,000) (7,000,000) (7,000,000)                                                                                                          
Total, net of reserve         876,120,000 1,009,855,000                                                                                                          
Amount funded in origination                                                                                                 56,300,000                    
Percentage of loan sold                                       50.00%                                                         50.00%   50.00%                
Amount recovered from sale of loan                                         57,800,000                                                                            
Additional income recognized on sale                                         12,900,000         6,400,000                                                                  
Loans acquired                                                     219,000,000                                                                
Value of mortgage                                                               100,000,000       462,000,000           37,500,000             85,000,000   150,000,000   30,000,000   15,000,000        
Number of extension options                                                             2                                                        
Extension term                                                             1 year           4 months                                            
Additional commitments to fund in connection with loan                                                                             1,700,000               7,100,000   13,600,000                 14,100,000  
Sale of interest on the senior mortgage loan                                                                 $ 50,000,000