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Dispositions and Assets Held-for-Sale (Tables)
 6 Months Ended
Jun. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Schedule Of Operating Results Of Assets Held For Sale Including In Discontinued Operations [Table Text Block]
The following operating results for Gramercy Finance and the assets previously sold for the three and six months ended June 30, 2013 and 2012, are included in discontinued operations: 
 
 
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
 
 
2013
 
 
2012
 
 
2013
 
 
2012
 
Operating Results:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
75
 
 
$
39,742
 
 
$
33,582
 
 
$
83,088
 
Operating expenses
 
 
(224
)
 
 
(6,990
)
 
 
(3,620
)
 
 
(12,245
)
Marketing, general and administrative
 
 
(1,026
)
 
 
(2,610
)
 
 
(2,285
)
 
 
(4,184
)
Interest expense
 
 
-
 
 
 
(20,187
)
 
 
(14,653
)
 
 
(40,840
)
Depreciation and amortization
 
 
-
 
 
 
(291
)
 
 
(15
)
 
 
(580
)
Loans held for sale and CMBS OTTI
 
 
-
 
 
 
(16,006
)
 
 
(7,641
)
 
 
(37,074
)
Provision for loan losses
 
 
-
 
 
 
(5,989
)
 
 
-
 
 
 
(8,533
)
Expense reimbursements (1)
 
 
-
 
 
 
-
 
 
 
5,406
 
 
 
-
 
Equity in net income from joint venture
 
 
-
 
 
 
-
 
 
 
(804
)
 
 
-
 
Net income (loss) from operations
 
 
(1,175
)
 
 
(12,331
)
 
 
9,970
 
 
 
(20,368
)
Loss on sale of joint venture interests to a related party
 
 
-
 
 
 
-
 
 
 
1,317
 
 
 
-
 
Net gains from disposals
 
 
-
 
 
 
53
 
 
 
389,140
 
 
 
11,996
 
Provision for taxes
 
 
-
 
 
 
-
 
 
 
(2,515
)
 
 
-
 
Net income from discontinued operations
 
$
(1,175
)
 
$
(12,278
)
 
$
397,912
 
 
$
(8,372
)
 
(1)
The Company received reimbursements for enforcement costs of $5,406 incurred on the behalf of a pari-passu lender for one loan held by the CDOs, which the Company incurred in prior years. The Company fully reserved for these costs when incurred due to the uncertainty of recovery.