Real Estate Held for Investment, net and Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 2012

Real Estate Held For Investment Net And Other Real Estate Owned

Schedule of real estate held for investment, net

Real Estate Held for Investment, net—REHI consisted of the following ($ in thousands):

	As of
	June 30, 2012			December 31, 2011
Land held for investment and development	$	738,459		$	711,072
Operating property
Buildings and improvements	382,919			379,644
Land	153,568			154,445
Less: accumulated depreciation and amortization	(25,265		)	(17,027		)
Real estate held for investment, net	$	1,249,681		$	1,228,134

Schedule of REHI operating income and expenses recorded on the Company's consolidated statements of operations

The Company records REHI operating income in "Other income" and REHI operating expenses in "Operating costs—REHI and OREO," on the Company's Consolidated Statements of Operations, as follows ($ in thousands):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2012		2011		2012		2011
REHI operating income	$	14,756	$	6,687	$	29,150	$	14,149
REHI operating expenses	$	14,557	$	8,745	$	28,067	$	19,291