SUBSEQUENT EVENTS	3 Months Ended
Dec. 31, 2012
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS RAI - Real estate. In January 2013, the Company sold its 10% interest in a real estate joint venture to its partner for $3.0 million. The Company will continue to manage the asset and will receive property management fees in the future. RAI - Commercial Finance. As of November 21, 2013, the LEAF II loan was paid-off in full and, accordingly, the Company's guarantee for that loan has been terminated. RSO related subsequent events: On January 2, 2013, RSO sold two CRE whole loans which are classified as loans held for sale at December 31, 2012 for $34.0 million. On February 15, 2013, Olympic CLO I Ltd., one of the RCAM managed CLOs, with the consent of the Majority Preferred Shareholders, elected to redeem the outstanding notes in whole. In April 2013, RSO entered into another stock purchase agreement with LEAF to purchase shares of newly issued Series E Preferred Stock for $3.3 million. The Series E Preferred Stock has priority over the other classes of preferred stock. On April 2, 2013, RCC Real Estate, a subsidiary of RSO, entered into an amendment of its existing commercial real estate credit facility with Wells Fargo Bank, N.A. The amendment increases the size of the facility to $250 million and extends the current term of the facility to February of 2015 and provides two additional one year extension options at RSO’s discretion. RCC Real Estate paid an additional structuring fee of $101,000 and an extension fee of $938,000 in connection with the amendment and will amortize the additional fees over the term of the extension. On July 19, 2013, an indirect wholly-owned subsidiary of RSO entered into a $200 million Master Repurchase Agreement with Deutsche Bank AG to be used to finance RSO’s core commercial real estate lending business. The financing facility matures initially on July 19, 2014, with the right to extend an additional two years to July 16, 2016. On October 30, 2013, RSO issued a total of $115.0 million aggregate principal amount of RSO's 6% Convertible Senior Notes due 2018, for total net proceeds to RSO of approximately $111.1 million after deduction of underwriting discounts and commissions and estimated offering expenses. On October 31, 2013, RSO, through RCC Residential, Inc., its newly-formed taxable REIT subsidiary, acquired a residential mortgage origination company, Primary Capital Advisors LC, an Atlanta based firm, for $8.4 million; consisting of $7.6 million in cash and $800,000 in shares of RSO common stock. Of this $7.6 million cash consideration, $1.8 million was set aside in an escrow account as a contingency for potential purchase price adjustments. The Company has evaluated subsequent events through the filing of this form and determined that there have not been any events that have occurred that would require adjustments to the consolidated financial statements.

SUBSEQUENT EVENTS

RAI - Real estate. In January 2013, the Company sold its 10% interest in a real estate joint venture to its partner for $3.0 million. The Company will continue to manage the asset and will receive property management fees in the future.

RAI - Commercial Finance. As of November 21, 2013, the LEAF II loan was paid-off in full and, accordingly, the Company's guarantee for that loan has been terminated.

RSO related subsequent events:

On January 2, 2013, RSO sold two CRE whole loans which are classified as loans held for sale at December 31, 2012 for $34.0 million.

On February 15, 2013, Olympic CLO I Ltd., one of the RCAM managed CLOs, with the consent of the Majority Preferred Shareholders, elected to redeem the outstanding notes in whole.

In April 2013, RSO entered into another stock purchase agreement with LEAF to purchase shares of newly issued Series E Preferred Stock for $3.3 million. The Series E Preferred Stock has priority over the other classes of preferred stock.

On April 2, 2013, RCC Real Estate, a subsidiary of RSO, entered into an amendment of its existing commercial real estate credit facility with Wells Fargo Bank, N.A. The amendment increases the size of the facility to $250 million and extends the current term of the facility to February of 2015 and provides two additional one year extension options at RSO’s discretion. RCC Real Estate paid an additional structuring fee of $101,000 and an extension fee of $938,000 in connection with the amendment and will amortize the additional fees over the term of the extension.

On July 19, 2013, an indirect wholly-owned subsidiary of RSO entered into a $200 million Master Repurchase Agreement with Deutsche Bank AG to be used to finance RSO’s core commercial real estate lending business. The financing facility matures initially on July 19, 2014, with the right to extend an additional two years to July 16, 2016.

On October 30, 2013, RSO issued a total of $115.0 million aggregate principal amount of RSO's 6% Convertible Senior Notes due 2018, for total net proceeds to RSO of approximately $111.1 million after deduction of underwriting discounts and commissions and estimated offering expenses.

On October 31, 2013, RSO, through RCC Residential, Inc., its newly-formed taxable REIT subsidiary, acquired a residential mortgage origination company, Primary Capital Advisors LC, an Atlanta based firm, for $8.4 million; consisting of

$7.6 million in cash and $800,000 in shares of RSO common stock. Of this $7.6 million cash consideration, $1.8 million was set aside in an escrow account as a contingency for potential purchase price adjustments.

The Company has evaluated subsequent events through the filing of this form and determined that there have not been any events that have occurred that would require adjustments to the consolidated financial statements.