CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Investment in real estate, net	$ 315,537	$ 321,812
Cash and cash equivalents	157,887	34,515
Investments	252,025	636,878
Restricted investments	7,156	7,940
Notes receivable, net	2,893	24,270
Pledged cash and treasury securities	25,324	25,670
Property and equipment, net of accumulated depreciation of $61.3 million and $60.3 million at September 30, 2015 and December 31, 2014, respectively	10,267	10,203
Other assets	32,647	31,990
Investments held by special purpose entities	208,720	209,857
Total assets	1,012,456	1,303,135
LIABILITIES:
Debt	69,726	63,804
Accounts payable	6,469	12,554
Accrued liabilities and deferred credits	44,139	34,911
Deferred tax liabilities	37,542	34,824
Senior Notes held by special purpose entity	177,418	177,341
Total liabilities	335,294	323,434
EQUITY:
Common stock, no par value; 180,000,000 shares authorized; 92,332,565 and 92,322,905 issued at September 30, 2015 and December 31, 2014, respectively; and 75,329,557 and 92,302,636 outstanding at September 30, 2015 and December 31, 2014, respectively	892,387	892,237
Retained earnings	81,392	80,582
Accumulated other comprehensive income (loss)	139	(1,325)
Treasury stock at cost, 17,003,008 and 20,269 held at September 30, 2015 and December 31, 2014, respectively	(305,209)	(285)
Total stockholders’ equity	668,709	971,209
Non-controlling interest	8,453	8,492
Total equity	677,162	979,701
Total liabilities and equity	1,012,456	1,303,135
Variable Interest Entities
ASSETS
Investment in real estate, net	46,370	43,709
Cash and cash equivalents	3,580	3,455
Other assets	9,540	8,781
Investments held by special purpose entities	208,720	209,857
Total assets	268,210	265,802
LIABILITIES:
Debt	37,625	31,618
Accounts payable	232	1,511
Accrued liabilities and deferred credits	2,209	4,142
Senior Notes held by special purpose entity	177,418	177,341
Total liabilities	$ 217,484	$ 214,612