Loans Receivable (Tables)

9 Months Ended

Sep. 30, 2011

Loans Receivable

Schedule of loans receivable

	September 30, 2011									December 31, 2010
	Real Estate Secured			Other Secured			Total			Real Estate Secured			Other Secured			Total
Mezzanine	$	—		$	90,148		$	90,148		$	—		$	1,144,485		$	1,144,485
Other	29,115			—			29,115			1,030,454			—			1,030,454
Unamortized discounts, fees and costs	(1,292		)	(1,088		)	(2,380		)	(107,549		)	(61,127		)	(168,676		)
Allowance for loan losses	—			(13,410		)	(13,410		)	—			(3,397		)	(3,397		)
	$	27,823		$	75,650		$	103,473		$	922,905		$	1,079,961		$	2,002,866

Schedule of loan loss activity

	Amount
Balance at January 1, 2011	$	3,397
Additions(1)	10,013
Balance at September 30, 2011	$	13,410

(1)In September 2011 the Company recognized a total provision for losses of $15.4 million related to its Cirrus loan that is discussed above; $10.0 million of this provision reduced the carrying value of the loan and the remaining $5.4 million provision reduced the carrying value of the related accrued interest receivable (accrued interest on loans is presented in other assets; see Note 10 for additional information).