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Combined Consolidated Statements of Income (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net interest income    
Interest income $ 36,822,125 $ 31,261,332
Interest expense 14,841,298 11,207,196
Net interest income 21,980,827 20,054,136
Provision for loan losses 150,000 150,000
Net interest income after provision for loan losses 21,830,827 19,904,136
Other income    
Operating lease income 13,213,374 6,484,040
Tenant recoveries 2,080,163  
Sale of loans, net 41,302,665 83,007,462
Gain on securities 1,808,815 2,564,893
Sale of real estate, net 6,692,907 3,697,548
Fee income 2,308,872 1,438,501
Net result from derivative transactions (26,286,666) 2,269,709
Earnings from investment in unconsolidated joint ventures 348,175 393,980
Unrealized gain (loss) on Agency interest-only securities, net (1,034,146) (249,900)
Total other income 40,434,159 99,606,233
Costs and expenses    
Salaries and employee benefits 20,003,013 19,711,553
Operating expenses 3,041,301 2,272,869
Real estate operating expenses 7,601,859 2,880,425
Fee expense 501,516 1,404,204
Depreciation and amortization 7,427,258 3,123,583
Total costs and expenses 38,574,947 29,392,634
Income before taxes 23,690,039 90,117,735
Income tax expense 5,289,217 2,067,763
Net income 18,400,822 88,049,972
Net (income) loss attributable to noncontrolling interest in consolidated joint ventures 191,520 (27,244)
Net income of combined Class A Common shareholders and predecessor unit holders 18,592,342 88,022,728
Net (income) loss attributed to predecessor unit holders 12,628,031  
Net (income) loss attributed to noncontrolling interest in operating partnership (18,568,032)  
Earnings per share/common unit:    
Basic (in dollars per share) $ 0.26  
Diluted (in dollars per share) $ 0.24  
Weighted average shares/common units outstanding:    
Basic (in units) 48,909,692  
Diluted (in units) 97,531,793  
Class A Common Stock
   
Costs and expenses    
Net income attributable to Class A common shareholders $ 12,652,341