CT Legacy Partners (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013		Dec. 31, 2012
Gross investment in CT Legacy Partners:
Restricted cash	$ 12,719		$ 14,246
Loans receivable, at fair value	150,332
Accrued interest receivable, prepaid expenses and other assets	13,693		5,868
Accounts payable, accrued expenses and other liabilities	(30,760)		(21,209)
Repurchase obligations	(20,214)
Interest rate swap liabilities	6,119
Noncontrolling interests	(86,350)		(80,009)
CT Legacy Partners
Gross investment in CT Legacy Partners:
Restricted cash	12,719
Securities held-to-maturity	11,702
Loans receivable, at fair value	150,332
Accrued interest receivable, prepaid expenses and other assets	8,879
Accounts payable, accrued expenses and other liabilities	(815)
Repurchase obligations	(20,214)
Interest rate swap liabilities	(6,119)
Noncontrolling interests	(86,350)
Investment in CT Legacy Partners, Gross	70,134
Secured notes, including prepayment premium	(11,059)	[1]
Management incentive awards plan, fully vested	(10,563)	[2]
Net investment in CT Legacy Partners	$ 48,512

[1] Includes the full potential prepayment premium on secured notes, as described below. We carry this liability at its amortized basis of $8.7 million on our balance sheet as of March 31, 2013. The remaining interest and prepayment premium will be recognized, as applicable, over the term of the secured notes as a component of interest expense.

[2] Assumes full payment of the management incentive awards plan, as described below, based on the hypothetical GAAP liquidation value of CT Legacy Partners as of March 31, 2013. We periodically accrue a payable for the management incentive awards plan based on the vesting schedule for the awards and continued employment with an affiliate of our Manager of the award recipients. As of March 31, 2013, our balance sheet includes $6.3 million in accounts payable and accrued expenses for the management incentive awards plan.