Income Taxes	6 Months Ended
Jun. 30, 2013
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	12. Income Taxes The Company has elected to be taxed as a REIT, under Sections 856 through 860 of the Internal Revenue Code beginning with its taxable year ended December 31, 2004. To qualify as a REIT, the Company must meet certain organizational and operational requirements, including a requirement to distribute at least 90% of its ordinary taxable income to stockholders. As a REIT, the Company generally will not be subject to U.S. federal income tax on taxable income that it distributes to its stockholders. If the Company fails to qualify as a REIT in any taxable year, it will then be subject to U.S. federal income taxes on taxable income at regular corporate rates and will not be permitted to qualify for treatment as a REIT for U.S. federal income tax purposes for four years following the year during which qualification is lost unless the Internal Revenue Service grants the Company relief under certain statutory provisions. Such an event could materially adversely affect the Company’s net income and net cash available for distributions to stockholders. However, the Company believes that it is organized and will operate in such a manner as to qualify for treatment as a REIT and the Company intends to operate in the foreseeable future in such a manner so that it will qualify as a REIT for U.S. federal income tax purposes. The Company may, however, be subject to certain state and local taxes. Our TRSs are subject to federal, state and local taxes. The Company’s Asset and Property management business, Gramercy Asset Management, conducts its business through a wholly-owned TRS. In addition to the limitation on the Company's use of its net operating losses under Section 382, since the Company uses separate taxable REIT subsidiaries to conduct different aspects of its business, losses incurred by the individual TRSs are only available to offset taxable income derived by each respective TRS. Beginning with the third quarter of 2008, the Company’s board of directors elected to not pay a dividend to common stockholders. The board of directors also elected not to pay the Series A preferred stock dividend of $0.50781 per share beginning with the fourth quarter of 2008. The unpaid preferred stock dividend has been accrued for nineteen quarters as of June 30, 2013. The Company expects that it will continue to elect to retain capital for liquidity purposes; however, as the Company’s new business strategy is implemented and sustainable cash flows grow, the Company will re-evaluate its dividend policy with the intention of resuming dividends. However, in accordance with the provisions of the Company’s charter, the Company may not pay any dividends on its common stock until all accrued dividends and the dividend for the then current quarter on the Series A preferred stock are paid in full. For the three and six months ended June 30, 2013, the Company recorded $4,441 and $7,361 of income tax expense, including $0 and $2,515 within discontinued operations, respectively. Tax expense for the three and six months ended June 30, 2013 in continuing operations is comprised of federal, state and local taxes primarily attributable to Gramercy Asset Management. Tax expense for the three and six months ended June 30, 2013 included in discontinued operations is comprised of federal, state and local taxes attributable to the sale of the CDO management contracts to CWCapital. Net deferred tax assets of $2,106 and $0 are included in other assets on the accompanying Condensed Consolidated Balance Sheets at June 30, 2013 and December 31, 2012, respectively. Deferred tax assets as of December 31, 2012 relate to net operating loss carry forwards of TRSs, which are fully reserved. Deferred tax assets as of June 30, 2013 relate to the incentive fee from the management agreement with KBSAS earned by our asset management TRS and the fully reserved net operating loss carryforwards. The Company’s policy for interest and penalties, if any, on material uncertain tax positions recognized in the Condensed Consolidated Financial Statements is to classify these as interest expense and operating expense, respectively. As of June 30, 2013, and December 31, 2012, the Company did not incur any material interest or penalties.

12. Income Taxes

The Company has elected to be taxed as a REIT, under Sections 856 through 860 of the Internal Revenue Code beginning with its taxable year ended December 31, 2004. To qualify as a REIT, the Company must meet certain organizational and operational requirements, including a requirement to distribute at least 90% of its ordinary taxable income to stockholders. As a REIT, the Company generally will not be subject to U.S. federal income tax on taxable income that it distributes to its stockholders. If the Company fails to qualify as a REIT in any taxable year, it will then be subject to U.S. federal income taxes on taxable income at regular corporate rates and will not be permitted to qualify for treatment as a REIT for U.S. federal income tax purposes for four years following the year during which qualification is lost unless the Internal Revenue Service grants the Company relief under certain statutory provisions. Such an event could materially adversely affect the Company’s net income and net cash available for distributions to stockholders. However, the Company believes that it is organized and will operate in such a manner as to qualify for treatment as a REIT and the Company intends to operate in the foreseeable future in such a manner so that it will qualify as a REIT for U.S. federal income tax purposes. The Company may, however, be subject to certain state and local taxes. Our TRSs are subject to federal, state and local taxes. The Company’s Asset and Property management business, Gramercy Asset Management, conducts its business through a wholly-owned TRS. In addition to the limitation on the Company's use of its net operating losses under Section 382, since the Company uses separate taxable REIT subsidiaries to conduct different aspects of its business, losses incurred by the individual TRSs are only available to offset taxable income derived by each respective TRS.

Beginning with the third quarter of 2008, the Company’s board of directors elected to not pay a dividend to common stockholders. The board of directors also elected not to pay the Series A preferred stock dividend of $0.50781 per share beginning with the fourth quarter of 2008. The unpaid preferred stock dividend has been accrued for nineteen quarters as of June 30, 2013. The Company expects that it will continue to elect to retain capital for liquidity purposes; however, as the Company’s new business strategy is implemented and sustainable cash flows grow, the Company will re-evaluate its dividend policy with the intention of resuming dividends. However, in accordance with the provisions of the Company’s charter, the Company may not pay any dividends on its common stock until all accrued dividends and the dividend for the then current quarter on the Series A preferred stock are paid in full.

For the three and six months ended June 30, 2013, the Company recorded $4,441 and $7,361 of income tax expense, including $0 and $2,515 within discontinued operations, respectively. Tax expense for the three and six months ended June 30, 2013 in continuing operations is comprised of federal, state and local taxes primarily attributable to Gramercy Asset Management. Tax expense for the three and six months ended June 30, 2013 included in discontinued operations is comprised of federal, state and local taxes attributable to the sale of the CDO management contracts to CWCapital.

Net deferred tax assets of $2,106 and $0 are included in other assets on the accompanying Condensed Consolidated Balance Sheets at June 30, 2013 and December 31, 2012, respectively. Deferred tax assets as of December 31, 2012 relate to net operating loss carry forwards of TRSs, which are fully reserved. Deferred tax assets as of June 30, 2013 relate to the incentive fee from the management agreement with KBSAS earned by our asset management TRS and the fully reserved net operating loss carryforwards.

The Company’s policy for interest and penalties, if any, on material uncertain tax positions recognized in the Condensed Consolidated Financial Statements is to classify these as interest expense and operating expense, respectively. As of June 30, 2013, and December 31, 2012, the Company did not incur any material interest or penalties.