Other Assets

12 Months Ended

Dec. 31, 2011

Other Assets [Line Items]

Other Assets Disclosure [Text Block]

OTHER ASSETS

Other assets consist of the following:

	December 31,
	2011			2010
Office furniture and equipment	$	4,103,000		$	3,020,000
Less: Accumulated depreciation	(995,000		)	(661,000		)
	3,108,000			2,359,000
Prepaid expenses	4,509,000			3,316,000
Loan fees, net of accumulated amortization of $1,107,000 and $467,000 at      December 31, 2011 and 2010, respectively	8,556,000			1,629,000
Deposits and other, net of accumulated amortization of $1,004,000 and      $23,000 at December 31, 2011 and 2010, respectively	4,576,000			1,546,000
	$	20,749,000		$	8,850,000

Depreciation and amortization expense related to the above depreciable assets were $1.9 million, $0.3 million, and $0.2 million for the years ended December 31, 2011, 2010 and 2009, respectively.

KW Residential [Member]

Other Assets [Line Items]

Other Assets Disclosure [Text Block]

OTHER ASSETS

The composition of other assets consisted of the following as of December 31:

	December 31,
	2011		2010
	(Unaudited)
Deposits for rented office	$	311,145	$	336,991
Consumption tax receivables	9,822		1,865,937
Deferred tax assets	282,751		302,191
Deferred loan costs	5,181,166		3,733,144
Derivative assets	181,050		117,360
Cash collateral placed for derivatives	10,299,788		1,149,788
Other	2,003,225		2,195,201
Total	$	18,268,947	$	9,700,612