Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating activities:
Net income (loss)	$ (84,728)	$ (138,423)
Adjustments to reconcile net income (loss) to cash flow from operating activities:
Provision for loan losses	22,780	22,398
Share-based compensation expense	(277)	1,054
Depreciation and amortization expense	6,330	17,573
Amortization of deferred financing costs and debt discounts	5,771	7,399
Deferral of loan origination fees and costs, net	(602)	1,233
(Amortization) of above/below market leases	(282)	(573)
(Gains) Losses on assets	4,148	(22,765)
(Gains) Losses on extinguishments of debt	3,429	(1,588)
Asset impairment	30,816	93,233
Goodwill impairment		8,342
Change in fair value of financial instruments	(198)	(1,940)
Provision (benefit) for deferred taxes		22
Changes in assets and liabilities:
Decrease in accrued interest receivable	326	4,132
Decrease in other assets	1,842	3,750
(Decrease) increase in accrued interest payable	(745)	1,840
(Decrease) in accounts payable and accrued expenses	(568)	(3,456)
(Decrease) increase in other liabilities	17,237	(1,969)
Proceeds from sale of loans	122,759
Cash flows provided by (used in) operating activities	136,215	6,209
Investing activities:
Origination of loans for investment	(50,826)	(263,464)
Principal repayments on loans	170,036	274,615
Proceeds from sale of interests in floating rate securitizations, net of cash and restricted cash deconsolidated	31,874
Investments in real estate	(1,443)	(3,630)
Proceeds from the disposition of real estate	34,833	141,542
(Decrease) in borrowers' escrows	(38,679)	(2,986)
Cash flows provided by (used in) investing activities	145,795	146,077
Financing activities:
Repayments on secured credit facilities and loans payable on real estate	(652)	(667)
Repayments and repurchase of CDO notes payable and floating rate securitizations	(168,302)	(369,346)
Net proceeds from issuance of CDO notes and floating rate securitizations		276,894
Repurchase of convertible notes and senior notes	(41,094)
Repayments of senior secured notes	(2,000)	(46,500)
Net proceeds related to floating rate loan repurchase agreements		4,287
Net proceeds repayments related to floating rate loan repurchase agreements	(22,313)
Proceeds from issuance of other indebtedness		17,022
Distribution to noncontrolling interests	(15)	(1,702)
Acquisition of noncontrolling interests	(343)
Issuance of noncontrolling interests	76	66
Payments for deferred costs		(4,415)
Common share issuance, net of costs incurred	(74)	(1,017)
Repurchase of Series D preferred shares	(62,046)	(10,057)
Distributions paid to preferred shareholders	(11,121)	(17,937)
Distributions paid to common shareholders	(105)	(16,727)
Cash flows (used in) provided by financing activities	(307,989)	(170,099)
Net change in cash, cash equivalents, and restricted cash	(25,979)	(17,813)
Cash, cash equivalents, and restricted cash at the beginning of the period	211,294	300,710
Cash, cash equivalents, and restricted cash at the end of the period	185,315	282,897
Industrial real estate properties
Adjustments to reconcile net income (loss) to cash flow from operating activities:
(Gains) Losses on deconsolidation		$ 15,947
RAIT Joint Venture VIE
Adjustments to reconcile net income (loss) to cash flow from operating activities:
(Gains) Losses on deconsolidation	$ 8,177