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Income Taxes - Reconciliation of Tax Rate (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Reconciliation of statutory tax to effective tax          
Federal statutory tax rate $ 35,915 $ 37,968 $ 118,010 $ 86,939  
REIT and other non-taxable income (26,242) (35,541) (99,668) (83,676)  
State income taxes 200 247 81 224  
Federal benefit of state tax deduction (70) (86) (28) (78)  
Other 13 79 (110) 58  
Total 9,816 $ 2,667 18,285 $ 3,467  
Investment in unconsolidated entities $ 243,450   $ 243,450   $ 204,605
Reconciliation of statutory tax rate to effective tax rate          
Federal statutory tax rate (as a percent) 35.00% 35.00% 35.00% 35.00%  
REIT and other non-taxable income (as a percent) (25.50%) (32.70%) (29.60%) (33.70%)  
State income taxes (as a percent) 0.20% 0.20%   0.10%  
Federal benefit of state tax deduction (as a percent) (0.10%) (0.10%)      
Other (as a percent)   0.10%      
Effective tax rate (as a percent) 9.60% 2.50% 5.40% 1.40%  
Investor entity which owns equity in an online real estate auction company          
Reconciliation of statutory tax to effective tax          
Discrete income tax provision $ 8,400   $ 18,300    
Earnings from unconsolidated entities $ 28,200   $ 53,900