Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenue:
Investment interest income	$ 16,324	$ 14,882	$ 35,189	$ 32,532
Investment interest expense	(9,590)	(10,546)	(20,139)	(20,319)
Net interest margin	6,734	4,336	15,050	12,213
Property income	8,666	16,946	17,482	37,011
Fee and other income	1,153	1,531	2,362	3,192
Total revenue	16,553	22,813	34,894	52,416
Expenses:
Interest expense	6,356	8,883	13,127	19,026
Real estate operating expense	5,402	9,509	11,192	20,143
Property management expenses	1,739	2,651	3,670	4,864
General and administrative expenses:
Compensation expense	3,113	3,529	6,038	7,016
Other general and administrative expense	4,085	2,689	10,423	5,394
Total general and administrative expenses	7,198	6,218	16,461	12,410
Acquisition and integration expenses		67	133	239
Provision for loan losses	14,748	20,863	22,780	22,398
Depreciation and amortization expense	2,887	7,819	6,330	17,573
IRT internalization and management transition expenses				736
Shareholder activism expenses		1,615		2,309
Total expenses	38,330	57,625	73,693	99,698
Operating (Loss) Income	(21,777)	(34,812)	(38,799)	(47,282)
Interest and other income (expense), net	94	(153)	443	(139)
Gains (losses) on assets	(3,211)	10,759	(4,148)	22,765
Gains (losses) on extinguishments of debt	(2,438)	(1,598)	(3,429)	1,588
Asset impairment	(21,625)	(85,809)	(30,816)	(93,233)
Goodwill impairment		(8,342)		(8,342)
Change in fair value of financial instruments	111	3,093	198	1,940
Income (loss) before taxes	(57,023)	(116,862)	(84,728)	(138,650)
Income tax benefit (provision)		(22)		227
Net income (loss)	(57,023)	(116,884)	(84,728)	(138,423)
(Income) loss allocated to preferred shares	6,861	(8,817)	472	(17,343)
(Income) loss allocated to noncontrolling interests		(56)		(76)
Net income (loss) allocable to common shares	$ (50,162)	$ (125,757)	$ (84,256)	$ (155,842)
Earnings (loss) per share-Basic:
Earnings (loss) per share-Basic	$ (0.55)	$ (1.38)	$ (0.92)	$ (1.71)
Weighted-average shares outstanding-Basic	91,991,289	91,453,415	91,933,302	91,377,508
Earnings (loss) per share-Diluted:
Earnings (loss) per share-Diluted	$ (0.55)	$ (1.38)	$ (0.92)	$ (1.71)
Weighted average shares outstanding-Diluted	91,991,289	91,453,415	91,933,302	91,377,508
Industrial real estate properties
General and administrative expenses:
Gains (losses) on deconsolidation				$ (15,947)
RAIT Joint Venture VIE
General and administrative expenses:
Gains (losses) on deconsolidation	$ (8,177)		$ (8,177)