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Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Variable Interest Entities [Table Text Block]

The Company had no consolidated VIEs as of June 30, 2013. The following is a summary of the Company’s involvement with unconsolidated VIEs as of June 30, 2013:

	Company carrying value-assets			Company carrying value-liabilities		Face value of assets held by the VIEs		Face value of liabilities issued by the VIEs
Assets
Unconsolidated VIEs
Retained CDO Bonds ⁽¹⁾	$	7,645	⁽¹⁾	$	-	$	2,325,820	$	2,094,501

⁽¹⁾ Retained CDO Bonds were previously eliminated in consolidation.

The following is a summary of the Company’s involvement with VIEs as of December 31, 2012:

	Company carrying value-assets			Company carrying value-liabilities		Face value of assets held by the VIEs		Face value of liabilities issued by the VIEs
Liabilities of assets held for sale
Consolidated VIEs
Collateralized debt obligations	$	1,913,353	⁽¹⁾	$	2,374,516	$	2,469,856	$	2,593,392

⁽¹⁾

Collateralized debt obligations are a component of non-recourse liabilities of consolidated VIEs held for sale on the Condensed Consolidated Balance Sheets.

Schedule of Retained Collateralized Debt Obligation Bonds [Table Text Block]

For the three months ended June 30, 2013, the Company recognized an other-than-temporary impairment, or OTTI, of $1,682 on its Retained CDO Bonds. A summary of the Company’s Retained CDO Bonds as of June 30, 2013 is as follows:

Description	Number of Securities		Face Value		Amortized Cost		Gross Unrealized Gain (Loss)		Other-than- temporary impairment		Fair Value		Weighted Average Expected Life

Available for Sale, Non-investment Grade:
Retained CDO Bonds		9	$	352,533	$	7,462	$	183	$	(1,682)	$	7,645		6.0 years
Total		9	$	352,533	$	7,462	$	183	$	(1,682)	$	7,645		6.0 years

Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]

The following table summarizes the activity related to credit losses on the Retained CDO Bonds for the six months ended June 30, 2013:

Balance as of December 31, 2012 of credit losses on Retained CDO Bonds for which a portion of an OTTI was recognized in other comprehensive income	$	-
Additions to credit losses:
On Retained CDO Bonds for which an OTTI was not previously recognized		1,682
On Retained CDO Bonds for which an OTTI was previously recognized and a portion of an other-than- temporary impairment was recognized in other comprehensive income		-
On Retained CDO Bonds for which an OTTI was previously recognized without any portion of other- than-temporary impairment recognized in other comprehensive income		-
Reduction for credit losses:
On Retained CDO Bonds for which no other-than-temporary impairment was recognized in other comprehensive income at current measurement date		-
On Retained CDO Bonds sold during the period		-
On Retained CDO Bonds charged off during the period		-
For increases in cash flows expected to be collected that are recognized over the remaining life of the Retained CDO Bonds		-
Balance as of June 30, 2013 of credit losses on Retained CDO Bonds for which a portion of an OTTI was recognized in other comprehensive income	$	1,682

Schedule Of Intangible Assets And Acquired Lease Obligations [Table Text Block]

Intangible assets and liabilities consist of the following:

	June 30, 2013		December 31, 2012
Intangible assets:
In-place leases, net of accumulated amortization of $469 and $359	$	12,644	$	3,639
Above-market leases, net of accumulated amortization of $87 and $48		958		935
Amounts related to assets held for sale, net of accumulated amortization of $0 and $365		-		(188)
Total intangible assets	$	13,602	$	4,386

Intangible liabilities:
Below-market leases, net of accumulated amortization of $121 and $1,395	$	4,020	$	2,161
Amounts related to liabilities held for sale, net of accumulated amortization of $0 and $1,391		-		(1,703)
Total intangible liabilities	$	4,020	$	458

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The following table provides the weighted-average amortization period as of June 30, 2013 for intangible assets and liabilities and the projected amortization expense for the next five years.

	Weighted- Average Amortization Period		July to December 2013		2014		2015		2016		2017
In-place leases		10.8	$	672	$	1,344	$	1,344	$	1,344	$	1,344
Total to be included in depreciation and amortization expense			$	672	$	1,344	$	1,344	$	1,344	$	1,344

Above-market lease assets		6.2	$	81	$	162	$	162	$	162	$	162
Below-market lease liabilities		13.0		(179)		(358)		(358)		(358)		(358)

Total to be included in rental revenue			$	(98)	$	(196)	$	(196)	$	(196)	$	(196)

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of each stock option granted is estimated on the date of grant for options issued to employees using the Black-Scholes option pricing model with the following weighted average assumptions for grants in 2013 and 2012.

	2013			2012
Dividend yield		5.50	%		5.00	%
Expected life of option		5.0 years			5.0 years
Risk free interest rate		0.72	%		0.89	%
Expected stock price volatility		53.00	%		80.00	%

- Definition

Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

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- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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