Safehold 10-K 3 Mar 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Feb. 21, 2014	Jun. 30, 2013
Document and Entity Information [Abstract]	'	'	'
Entity Registrant Name	'ISTAR FINANCIAL INC	'	'
Entity Central Index Key	'0001095651	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	84,871,977	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'
Entity Well-known Seasoned Issuer	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Public Float	'	'	$926.40

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
ASSETS	'		'
Real estate, at cost	$3,220,634		$3,117,405
Less: accumulated depreciation	-424,453		-378,306
Real estate, net	2,796,181		2,739,099
Real estate available and held for sale	360,517		635,865
Total real estate	3,156,698		3,374,964
Loans receivable and other lending investments, net	1,370,109	[1]	1,829,985	[1]
Other investments	207,209		398,843
Cash and cash equivalents	513,568		256,344
Restricted cash	48,769		36,778
Accrued interest and operating lease income receivable, net	14,941		15,226
Deferred operating lease income receivable	92,737		84,735
Deferred expenses and other assets, net	237,980		163,124
Total assets	5,642,011		6,159,999
Liabilities:	'		'
Accounts payable, accrued expenses and other liabilities	170,831		141,670
Debt obligations, net	4,158,125		4,691,494
Total liabilities	4,328,956		4,833,164
Commitments and contingencies	0		0
Redeemable noncontrolling interests	11,590		13,681
iStar Financial Inc. shareholders' equity:	'		'
High Performance Units	9,800		9,800
Common Stock, $0.001 par value, 200,000 shares authorized, 144,334 issued and 83,717 outstanding at December 31, 2013 and 142,699 issued and 83,782 outstanding at December 31, 2012	144		143
Additional paid-in capital	4,022,138		3,832,780
Retained earnings (deficit)	-2,521,618		-2,360,647
Accumulated other comprehensive income (loss) (see Note 11)	-4,276		-1,185
Treasury stock, at cost, $0.001 par value, 60,617 shares at December 31, 2013 and 58,917 shares at December 31, 2012	-262,954		-241,969
Total iStar Financial Inc. shareholders' equity	1,243,260		1,238,944
Noncontrolling interests	58,205		74,210
Total equity	1,301,465		1,313,154
Total liabilities and equity	5,642,011		6,159,999
Series D, E, F, G and I Preferred Stock	'		'
iStar Financial Inc. shareholders' equity:	'		'
Preferred Stock	22		22
Series J convertible perpetual preferred stock	'		'
iStar Financial Inc. shareholders' equity:	'		'
Preferred Stock	$4		$0
[1]	The Company's recorded investment in loans as of December 31, 2013 and 2012 also includes accrued interest of $6.5 million and $9.8 million, respectively, which are included in "Accrued interest and operating lease income receivable, net" on the Company's Consolidated Balance Sheets.

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013		Dec. 31, 2012
Common Stock, par value (in dollars per share)	$0.00		$0.00
Common Stock, shares authorized	200,000,000		200,000,000
Common Stock, shares issued	144,334,000		142,699,000
Common Stock, shares outstanding	83,717,000		83,782,000
Treasury stock, par value (in dollars per share)	$0.00		$0.00
Treasury stock, shares	60,617,000		58,917,000
Series D, E, F, G and I Preferred Stock	'		'
Preferred Stock, par value (in dollars per share)	$25	[1],[2]	$25
Series J convertible perpetual preferred stock	'		'
Preferred Stock, par value (in dollars per share)	$50	[1],[2]	$0
[1]	The Company declared and paid dividends of $8.0 million, $11.0 million, $7.8 million, $6.1 million and $9.4 million on its Series D, E, F, G and I preferred stock, respectively, during each of the years ended December 31, 2013 and 2012. The Company also declared and paid dividends of $6.7 million on its Series J preferred stock during the year ended December 31, 2013. All of the dividends qualified as return of capital for tax reporting purposes. There are no dividend arrearages on any of the preferred shares currently outstanding.
[2]	Holders of shares of the Series D, E, F, G, I and J preferred stock are entitled to receive dividends, when and as declared by the Board of Directors, out of funds legally available for the payment of dividends. Dividends are cumulative from the date of original issue and are payable quarterly in arrears on or before the 15th day of each March, June, September and December or, if not a business day, the next succeeding business day. Any dividend payable on the preferred stock for any partial dividend period will be computed on the basis of a 360-day year consisting of twelve 30-day months. Dividends will be payable to holders of record as of the close of business on the first day of the calendar month in which the applicable dividend payment date falls or on another date designated by the Board of Directors of the Company for the payment of dividends that is not more than 30 nor less than 10 days prior to the dividend payment date.

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Revenues:	'		'		'
Operating lease income	$234,567		$216,291		$195,872
Interest income	108,015		133,410		226,871
Other income	48,208		47,838		39,722
Total revenues	390,790		397,539		462,465
Costs and expenses:	'		'		'
Interest expense	266,225		355,097		342,186
Real estate expense	157,441		151,458		138,714
Depreciation and amortization	71,266		68,770		58,091
General and administrative	92,114		80,856		105,039
Provision for loan losses	5,489		81,740	[1]	46,412	[1]
Impairment of assets	12,589		13,778		13,239
Other expense	8,050		17,266		11,070
Total costs and expenses	613,174		768,965		714,751
Income (loss) before earnings from equity method investments and other items	-222,384		-371,426		-252,286
Gain (loss) on early extinguishment of debt, net	-33,190		-37,816		101,466
Earnings from equity method investments	41,520		103,009		95,091
Loss on transfer of interest to unconsolidated subsidiary	-7,373		0		0
Income (loss) from continuing operations before income taxes	-221,427		-306,233		-55,729
Income tax (expense) benefit	659		-8,445		4,719
Income (loss) from continuing operations(1)	-220,768	[2]	-314,678	[2]	-51,010	[2]
Income (loss) from discontinued operations	644		-17,481		-5,514
Gain from discontinued operations	22,233		27,257		25,110
Income from sales of residential property	-86,658		-63,472		-5,721
Net income (loss)	-111,233		-241,430		-25,693
Net (income) loss attributable to noncontrolling interests	-718		1,500		3,629
Net income (loss) attributable to iStar Financial Inc.	-111,951		-239,930		-22,064
Preferred dividends	-49,020		-42,320		-42,320
Net (income) loss allocable to HPU holders and Participating Security holders(2)(3)	5,202	[3],[4]	9,253	[3],[4]	1,997	[3],[4]
Net income (loss) allocable to common shareholders	($155,769)		($272,997)		($62,387)
Income (loss) attributable to iStar Financial Inc. from continuing operations:	'		'		'
Basic and diluted (in dollars per share)	($2.09)	[2]	($3.37)	[2]	($0.91)	[2]
Net income (loss) attributable to iStar Financial Inc.:	'		'		'
Basic and diluted (in dollars per share)	($1.83)	[2]	($3.26)	[2]	($0.70)	[2]
Weighted average number of common shares—basic and diluted	84,990	[2]	83,742	[2]	88,688	[2]
Income (loss) attributable to iStar Financial Inc. from continuing operations:	'		'		'
Basic and diluted (in dollars per share)	($396.07)	[2],[4]	($638.27)	[2],[4]	($173.66)	[2],[4]
Net income (loss) attributable to iStar Financial Inc.:	'		'		'
Basic and diluted (in dollars per share)	($346.80)	[2],[4]	($616.87)	[2],[4]	($133.13)	[2],[4]
Weighted average number of HPU shares—basic and diluted	15	[2],[4]	15	[2],[4]	15	[2],[4]
[1]	For the years ended December 31, 2013, 2012 and 2011, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $63.1 million, $4.6 million and $23.6 million, respectively.
[2]	Income (loss) from continuing operations attributable to iStar Financial Inc. for the years ended December 31, 2013, 2012 and 2011 was $(221.5) million, $(313.2) million and $(47.4) million, respectively. See Note 13 for details on the calculation of earnings per share.
[3]	Participating Security holders are Company employees and directors who hold unvested restricted stock units, restricted stock awards and common stock equivalents granted under the Company's Long Term Incentive Plans that are eligible to participate in dividends (see Note 12 and Note 13).
[4]	HPU holders are current and former Company employees who purchased high performance common stock units under the Company's High Performance Unit Program (see Note 11).

Consolidated_Statements_of_Ope1

Consolidated Statements of Operations (Parenthetical) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income Statement [Abstract]	'	'	'
Income (loss) from continuing operations attributable to iStar Financial Inc.	($221.50)	($313.20)	($47.40)

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Loss) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Statement of Comprehensive Income [Abstract]	'		'		'
Net income (loss)	($111,233)		($241,430)		($25,693)
Other comprehensive income (loss):	'		'		'
Reclassification of (gains)/losses on available-for-sale securities into earnings upon realization(1)	-859	[1]	0	[1]	0	[1]
Reclassification of (gains)/losses on cash flow hedges into earnings upon realization(2)	310	[2]	-44	[2]	-180	[2]
Reclassification of (gains)/losses on cumulative translation adjustment into earnings upon realization(3)	-1,310	[3]	0	[3]	0	[3]
Unrealized gains/(losses) on available-for-sale securities	-302		278		391
Unrealized gains/(losses) on cash flow hedges	-255		-1,335		-1,191
Unrealized gains/(losses) on cumulative translation adjustment	-675		244		-957
Other comprehensive income (loss)	-3,091		-857		-1,937
Comprehensive income (loss)	-114,324		-242,287		-27,630
Net (income) loss attributable to noncontrolling interests	-718		1,500		3,629
Comprehensive income (loss) attributable to iStar Financial Inc.	($115,042)		($240,787)		($24,001)
[1]	For the year ended December 31, 2013, $266 and $593 are included in "Other income" and "Earnings from equity method investments," respectively, on the Company's Consolidated Statements of Operations.
[2]	Included in "Interest expense" on the Company's Consolidated Statements of Operations.
[3]	Included in "Earnings from equity method investments" on the Company's Consolidated Statements of Operations.

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Reclassification of gains/(losses) on available-for-sale securities into earnings upon realization	$859	[1]
Other Income	'
Reclassification of gains/(losses) on available-for-sale securities into earnings upon realization	266
Earnings from Equity Method Investments	'
Reclassification of gains/(losses) on available-for-sale securities into earnings upon realization	$593
[1]	For the year ended December 31, 2013, $266 and $593 are included in "Other income" and "Earnings from equity method investments," respectively, on the Company's Consolidated Statements of Operations.

Consolidated_Statements_of_Cha

Consolidated Statements of Changes in Equity (USD $)

Total

Preferred Stock

Series J Preferred Stock

HPU's

Common Stock at Par

Additional Paid-In Capital

Retained Earnings (Deficit)

Accumulated Other Comprehensive Income (Loss)

Treasury Stock at Cost

Noncontrolling Interests

In Thousands, unless otherwise specified

Balance at Dec. 31, 2010

$1,694,659

$22

[1]

'

$9,800

$138

$3,809,071

($2,014,013)

$1,609

($158,492)

$46,524

Increase (Decrease) in Stockholders' Equity [Roll Forward]

'

'

'

'

'

'

'

'

'

'

Dividends declared—preferred

-42,320

'

'

'

'

'

-42,320

'

'

'

Issuance of stock/restricted stock unit amortization, net

25,391

'

'

'

2

25,389

'

'

'

'

Net income (loss) for the period

[2]

-25,667

'

'

'

'

'

-22,064

'

'

-3,603

Change in accumulated other comprehensive income (loss)

-1,937

'

'

'

'

'

'

-1,937

'

'

Repurchase of stock

-78,849

0

0

0

0

0

0

0

-78,849

0

Contributions from noncontrolling interests

3,917

'

'

'

'

'

'

'

'

3,917

Distributions to noncontrolling interests

-1,590

'

'

'

'

'

'

'

'

-1,590

Balance at Dec. 31, 2011

1,573,604

22

[1]

'

9,800

140

3,834,460

-2,078,397

-328

-237,341

45,248

Increase (Decrease) in Stockholders' Equity [Roll Forward]

'

'

'

'

'

'

'

'

'

'

Dividends declared—preferred

-42,320

'

'

'

'

'

-42,320

'

'

'

Issuance of stock/restricted stock unit amortization, net

2,708

'

'

'

3

2,705

'

'

'

'

Net income (loss) for the period

[2]

-240,618

'

'

'

'

'

-239,930

'

'

-688

Change in accumulated other comprehensive income (loss)

-857

'

'

'

'

'

'

-857

'

'

Repurchase of stock

-4,628

'

'

'

'

'

'

'

-4,628

'

Repurchase of convertible notes

-2,728

'

'

'

'

-2,728

'

'

'

'

Additional paid in capital attributable to redeemable noncontrolling interest

-1,657

'

'

'

'

-1,657

'

'

'

'

Contributions from noncontrolling interests

[3]

32,654

'

'

'

'

'

'

'

'

32,654

Distributions to noncontrolling interests

-3,004

'

'

'

'

'

'

'

'

-3,004

Balance at Dec. 31, 2012

1,313,154

22

[1]

'

9,800

143

3,832,780

-2,360,647

-1,185

-241,969

74,210

Increase (Decrease) in Stockholders' Equity [Roll Forward]

'

'

'

'

'

'

'

'

'

'

Issuance of Preferred Stock

193,510

'

4

[1]

'

'

193,506

'

'

'

'

Dividends declared—preferred

-49,020

'

'

'

'

'

-49,020

'

'

'

Issuance of stock/restricted stock unit amortization, net

-1,375

'

'

'

1

-1,376

'

'

'

'

Net income (loss) for the period

[2]

-108,114

'

'

'

'

'

-111,951

'

'

3,837

Change in accumulated other comprehensive income (loss)

-3,091

'

'

'

'

'

'

-3,091

'

'

Repurchase of stock

-20,985

0

0

0

0

0

0

0

-20,985

0

Additional paid in capital attributable to redeemable noncontrolling interest

-2,772

[4]

'

'

'

'

-2,772

'

'

'

'

Contributions from noncontrolling interests

[5]

10,264

'

'

'

'

'

'

'

'

10,264

Distributions to noncontrolling interests

[4]

-30,106

'

'

'

'

'

'

'

'

-30,106

Balance at Dec. 31, 2013

$1,301,465

$22

[1]

$4

[1]

$9,800

$144

$4,022,138

($2,521,618)

($4,276)

($262,954)

$58,205

[1]

See Note 11 for details on the Company's Cumulative Redeemable Preferred Stock.

[2]

For the years ended December 31, 2013, 2012 and 2011, net loss shown above excludes $(3,119), $(812) and $(26), respectively, of net loss attributable to redeemable noncontrolling interests.

[3]

Includes $27.3 million of land assets contributed by a noncontrolling partner (see Note 4).

[4]

Includes an $8.8 million payment to redeem a noncontrolling member's interest.

[5]

Includes $9.4 million of operating property assets contributed by a noncontrolling partner (see Note 4).

Consolidated_Statements_of_Cha1

Consolidated Statements of Changes in Equity (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Net income (loss) attributable to redeemable noncontrolling interest	($3,119,000)	($812,000)	($26,000)
Payments for repurchase of redeemable noncontrolling interest	8,800,000	'	'
Strategic Venture, Commercial Operating Properties	'	'	'
Properties acquired in joint venture	9,400,000	'	'
Corporate Joint Venture [Member]	'	'	'
Fair value of assets acquired	'	$27,300,000	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012		Dec. 31, 2011
Cash flows from operating activities:	'	'		'
Net income (loss)	($111,233)	($241,430)		($25,693)
Adjustments to reconcile net income (loss) to cash flows from operating activities:	'	'		'
Provision for loan losses	5,489	81,740	[1]	46,412	[1]
Impairment of assets	14,507	38,077		22,386
Loss on transfer of interest to unconsolidated subsidiary	7,373	0		0
Depreciation and amortization	71,530	70,786		63,928
Payments for withholding taxes upon vesting of stock-based compensation	-14,098	-12,589		-6,273
Non-cash expense for stock-based compensation	19,261	15,293		29,702
Amortization of discounts/premiums and deferred financing costs on debt	20,915	31,981		32,345
Amortization of discounts/premiums and deferred interest on loans	-36,787	-47,279		-62,194
Earnings from equity method investments	-41,520	-103,009		-95,091
Distributions from operations of equity method investments	17,252	105,586		85,766
Deferred operating lease income	-12,077	-11,812		-9,390
Deferred income taxes	0	0		-13,729
Income from sales of residential property	-86,658	-63,472		-5,721
Gain from discontinued operations	-22,233	-27,257		-25,110
(Gain) loss on early extinguishment of debt, net	19,655	22,405		-97,742
Repayments and repurchases of debt—debt discount and prepayment penalty	-24,001	-74,712		-5,748
Other operating activities, net	6,917	9,427		6,492
Changes in assets and liabilities:	'	'		'
Changes in accrued interest and operating lease income receivable, net	2,310	1,337		4,793
Changes in deferred expenses and other assets, net	-23,012	1,271		20,580
Changes in accounts payable, accrued expenses and other liabilities	5,945	11,725		5,710
Cash flows from operating activities	-180,465	-191,932		-28,577
Cash flows from investing activities:	'	'		'
Investment originations and fundings	-257,600	-47,603		-120,333
Acquisitions of and capital expenditures on real estate assets	-211,767	-92,820		-64,169
Repayments of and principal collections on loans	613,615	728,657		1,208,403
Net proceeds from sales of loans	81,614	56,998		95,859
Net proceeds from sales of real estate	437,817	562,705		215,930
Net proceeds from sale of other investments	220,281	0		0
Distributions from other investments	36,918	78,238		188,467
Contributions to other investments	-12,784	-10,640		-41,820
Changes in restricted cash held in connection with investing activities	-19,388	-5,127		-20,042
Other investing activities, net	4,741	-3,361		-1,038
Cash flows from investing activities	893,447	1,267,047		1,461,257
Cash flows from financing activities:	'	'		'
Borrowings from debt obligations	1,444,565	3,498,794		3,037,825
Repayments of debt obligations	-1,984,102	-4,608,133		-4,464,254
Payments for deferred financing costs	-17,539	-21,662		-35,545
Preferred dividends paid	-49,020	-42,320		-42,320
Proceeds from issuance of preferred stock	193,510	0		0
Purchase of treasury stock	-20,985	-4,628		-78,849
Other financing activities, net	-22,187	2,352		2,424
Cash flows from financing activities	-455,758	-1,175,597		-1,580,719
Changes in cash and cash equivalents	257,224	-100,482		-148,039
Cash and cash equivalents at beginning of period	256,344	356,826		504,865
Cash and cash equivalents at end of period	513,568	256,344		356,826
Cash paid during the period for interest, net of amount capitalized	$237,457	$329,546		$322,601
[1]	For the years ended December 31, 2013, 2012 and 2011, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $63.1 million, $4.6 million and $23.6 million, respectively.

Business_and_Organization

Business and Organization	12 Months Ended
	Dec. 31, 2013
Business and Organization [Abstract]	'
Business and Organization	'
	Business and Organization
	Business—iStar Financial Inc., or the "Company," is a fully-integrated finance and investment company focused on the commercial real estate industry. The Company provides custom-tailored investment capital to high-end private and corporate owners of real estate and invests directly across a range of real estate sectors. The Company, which is taxed as a real estate investment trust, or "REIT," has invested more than $35 billion over the past two decades. The Company's primary business segments are real estate finance, net lease, operating properties and land.
	Organization—The Company began its business in 1993 through the management of private investment funds and became publicly traded in 1998. Since that time, the Company has grown through the origination of new lending and leasing transactions, as well as through corporate acquisitions.

Basis_of_Presentation_and_Prin

Basis of Presentation and Principles of Consolidation	12 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation and Principles of Consolidation	'
	Basis of Presentation and Principles of Consolidation
	Basis of Presentation—The accompanying audited Consolidated Financial Statements have been prepared in conformity with generally accepted accounting principles in the United States of America ("GAAP") for complete financial statements. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
	Certain prior year amounts have been reclassified in the Consolidated Financial Statements and the related notes to conform to the current period presentation.
	Principles of Consolidation—The Consolidated Financial Statements include the financial statements of the Company, its wholly owned subsidiaries, controlled partnerships and variable interest entities ("VIEs") for which the Company is the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation. The Company's involvement with VIEs affects its financial performance and cash flows primarily through amounts recorded in "operating lease income," "interest income," "earnings from equity method investments," "real estate expense" and "interest expense" in the Company's Consolidated Statements of Operations. The Company has not provided financial support to these VIEs that it was not previously contractually required to provide.
	Consolidated VIEs—As of December 31, 2013, the Company consolidated five VIEs for which the Company is considered the primary beneficiary. At December 31, 2013, the total assets of these consolidated VIEs were $216.1 million and total liabilities were $33.9 million. The classifications of these assets are primarily within "real estate, net," "loans receivable and other lending investments, net" and "other investments" on the Company's Consolidated Balance Sheets. The classifications of liabilities are primarily within "debt obligations, net," and "accounts payable, accrued expenses and other liabilities" on the Company's Consolidated Balance Sheets. The liabilities of these VIEs are non-recourse to the Company and can only be satisfied from each VIE's respective assets. The Company's total unfunded commitments related to consolidated VIEs was $38.8 million as of December 31, 2013.
	Unconsolidated VIEs—As of December 31, 2013, 28 of the Company's other investments were in VIEs where it is not the primary beneficiary and accordingly the VIEs have not been consolidated in the Company's Consolidated Financial Statements. As of December 31, 2013, the Company's maximum exposure to loss from these investments does not exceed the sum of the $179.2 million carrying value of the investments, which are classified in "other investments" on the Company's Consolidated Balance Sheets, and $29.6 million of related unfunded commitments.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	Real estate—Real estate assets are recorded at cost less accumulated depreciation and amortization, as follows:
	Capitalization and depreciation— Certain improvements and replacements are capitalized when they extend the useful life of the asset. Qualified development and construction costs, including interest and certain other carrying costs incurred during the construction and/or renovation periods are also capitalized and charged to operations through depreciation over the asset's estimated useful life. The Company ceases capitalization on the portions substantially completed and capitalizes only those costs associated with the portions under development. Repairs and maintenance items are expensed as incurred. Depreciation is computed using the straight-line method of cost recovery over the estimated useful life, which is generally 40 years for facilities, five years for furniture and equipment, the shorter of the remaining lease term or expected life for tenant improvements and the remaining useful life of the facility for facility improvements.
	Purchase price allocation—Upon acquisition of real estate, the Company determines whether the transaction is a business combination, which is accounted for under the acquisition method, or an acquisition of assets. For both types of transactions, the Company recognizes and measures identifiable assets acquired, liabilities assumed and any noncontrolling interest in the acquiree based on their relative fair values. For business combinations, the Company recognizes and measures goodwill or gain from a bargain purchase, if applicable, and expenses acquisition-related costs in the periods in which the costs are incurred and the services are received. For acquisitions of assets, acquisition-related costs are capitalized and recorded in "Real estate, net" on the Company's Consolidated Balance Sheets.
	The Company accounts for its acquisition of properties by recording the purchase price of tangible and intangible assets and liabilities acquired based on their estimated fair values. The value of the tangible assets, consisting of land, buildings, building improvements and tenant improvements is determined as if these assets are vacant. Intangible assets may include the value of above-market leases, in-place leases and the value of customer relationships, which are each recorded at their estimated fair values and included in “Deferred expenses and other assets, net” on the Company's Consolidated Balance Sheets. Intangible liabilities may include the value of below-market leases, which are recorded at their estimated fair values and included in “Accounts payable, accrued expenses and other liabilities” on the Company's Consolidated Balance Sheets. In-place leases and customer relationships are amortized over the remaining non-cancelable term and the amortization expense is included in "Depreciation and amortization" on the Company's Consolidated Statements of Operations. The capitalized above-market (or below-market) lease value is amortized as a reduction of (or, increase to) operating lease income over the remaining non-cancelable term of each lease plus any renewal periods with fixed rental terms that are considered to be below-market. The Company also engages in sale/leaseback transactions and typically executes leases with the occupant simultaneously with the purchase of the net lease asset.
	Impairments—The Company periodically reviews long-lived assets to be held and used for impairment in value whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. The value of a long-lived asset held for use is impaired only if management's estimate of the aggregate future cash flows (undiscounted and without interest charges) to be generated by the asset (taking into account the anticipated holding period of the asset) is less than the carrying value. Such estimate of cash flows considers factors such as expected future operating income trends, as well as the effects of demand, competition and other economic factors. To the extent impairment has occurred, the loss will be measured as the excess of the carrying amount of the property over the estimated fair value of the asset and reflected as an adjustment to the basis of the asset. Impairments of real estate assets that are not held for sale are recorded in "Impairment of assets" on the Company's Consolidated Statements of Operations.
	Real estate available and held for sale—The Company reports real estate assets to be disposed of at the lower of their carrying amount or estimated fair value less costs to sell and classifies them as “Real estate available and held for sale” on the Company's Consolidated Balance Sheets. If the estimated fair value less costs to sell is less than the carrying value, the difference will be recorded as an impairment charge and included in "Income (loss) from discontinued operations" on the Company's Consolidated Statements of Operations. Once a real estate asset is classified as held for sale, depreciation expense is no longer recorded and historical operating results, including impairments, are reclassified to "Income (loss) from discontinued operations" on the Company's Consolidated Statements of Operations.
	If circumstances arise that were previously considered unlikely and, as a result the Company decides not to sell a property previously classified as held for sale, the property is reclassified as held and used and included in "Real estate, net" on the Company's Consolidated Balance Sheets. The Company measures and records a property that is reclassified as held and used at the lower of (i) its carrying amount before the property was classified as held for sale, adjusted for any depreciation expense that would have been recognized had the property been continuously classified as held and used, or (ii) the estimated fair value at the date of the subsequent decision not to sell.
	The Company reports residential property units to be disposed of at the lower of their carrying amount or estimated fair value less costs to sell and classifies them as “Real estate available and held for sale” on the Company's Consolidated Balance Sheets. If the estimated fair value less costs to sell is less than the carrying value, the difference will be recorded as an impairment charge and included in “Impairment of assets” on the Company's Consolidated Statements of Operations. The net carrying costs for residential property units are recorded in “Real estate expense” on the Company's Consolidated Statements of Operations.
	Dispositions—Sales and the associated gains or losses on real estate assets, including residential property, are recognized in accordance with Accounting Standards Codification ("ASC") 360-20, Real Estate Sales. Sales and the associated gains for residential property are recognized for full profit recognition upon closing of the sale transactions, when the profit is determinable, the earnings process is virtually complete, the parties are bound by the terms of the contract, all consideration has been exchanged, any permanent financing for which the seller is responsible has been arranged and all conditions for closing have been performed. The Company uses the relative sales value method to allocate costs. Profits on sales of residential property are included in "Income from sales of residential property" and gains on sales of net lease assets or commercial operating properties are recorded in “Gains from discontinued operations” on the Company's Consolidated Statements of Operations.
	Loans receivable and other lending investments, net—Loans receivable and other lending investments, net includes the following investments: senior mortgages, subordinate mortgages, corporate/partnership loans and preferred equity investments. Management considers nearly all of its loans to be held-for-investment, although certain investments may be classified as held-for-sale or available-for-sale.
	Loans receivable classified as held-for-investment and debt securities classified as held-to-maturity are reported at their outstanding unpaid principal balance, and include unamortized acquisition premiums or discounts and unamortized deferred loan costs or fees. These loans and debt securities also include accrued and paid-in-kind interest and accrued exit fees that the Company determines are probable of being collected. Debt securities classified as available-for-sale are reported at fair value with unrealized gains and losses included in "Accumulated other comprehensive income (loss)" on the Company's Consolidated Balance Sheets.
	Loans receivable and other lending investments designated for sale are classified as held-for-sale and are carried at lower of amortized historical cost or estimated fair value. The amount by which carrying value exceeds fair value is recorded as a valuation allowance. Subsequent changes in the valuation allowance are included in the determination of net income (loss) in the period in which the change occurs.
	For held-to-maturity and available-for-sale debt securities held in "Loans receivable and other lending investments, net," management evaluates whether the asset is other-than-temporarily impaired when the fair market value is below carrying value. The Company considers debt securities other-than-temporarily impaired if (1) the Company has the intent to sell the security, (2) it is more likely than not that it will be required to sell the security before recovery, or (3) it does not expect to recover the entire amortized cost basis of the security. If it is determined that an other-than-temporary impairment exists, the portion related to credit losses, where the Company does not expect to recover its entire amortized cost basis, will be recognized as an "Impairment of assets" on the Company's Consolidated Statements of Operations. If the Company does not intend to sell the security and it is more likely than not that the entity will not be required to sell the security, but the security has suffered a credit loss, the impairment charge will be separated. The credit loss component of the impairment will be recorded as an "Impairment of assets" on the Company's Consolidated Statements of Operations, and the remainder will be recorded in "Accumulated other comprehensive income (loss)" on the Company's Consolidated Balance Sheets.
	The Company acquires properties through foreclosure or by deed-in-lieu of foreclosure in full or partial satisfaction of non-performing loans. Based on the Company's strategic plan to realize the maximum value from the collateral received, property is classified as "Real estate, net" or "Real estate available and held for sale" at its estimated fair value when title to the property is obtained. Any excess of the carrying value of the loan over the estimated fair value of the property (less costs to sell for assets held for sale) is charged-off against the reserve for loan losses as of the date of foreclosure.
	Equity and cost method investments—Equity interests are accounted for pursuant to the equity method of accounting if the Company can significantly influence the operating and financial policies of an investee. This is generally presumed to exist when ownership interest is between 20% and 50% of a corporation, or greater than 5% of a limited partnership or certain limited liability companies. The Company's periodic share of earnings and losses in equity method investees is included in "Earnings from equity method investments" on the Consolidated Statements of Operations. When the Company's ownership position is too small to provide such influence, the cost method is used to account for the equity interest. Equity and cost method investments are included in "Other investments" on the Company's Consolidated Balance Sheets.
	To the extent that the Company contributes assets to an unconsolidated subsidiary, the Company’s investment in the subsidiary is recorded at the Company’s cost basis in the assets that were contributed to the unconsolidated subsidiary. To the extent that the Company’s cost basis is different from the basis reflected at the subsidiary level, the basis difference is amortized over the life of the related assets and included in the Company’s share of equity in net (loss) income of the unconsolidated subsidiary. The Company recognizes gains on the contribution of real estate to unconsolidated subsidiaries, relating solely to the outside partner’s interest, to the extent the economic substance of the transaction is a sale. The Company recognizes a loss when it contributes property to an unconsolidated subsidiary and receives a disproportionately small interest in the subsidiary based on a comparison of the carrying amount of the property with the cash and other consideration contributed by the other investors.
	The Company periodically reviews equity method investments for impairment in value whenever events or changes in circumstances indicate that the carrying amount of such investments may not be recoverable. The Company will record an impairment charge to the extent that the estimated fair value of an investment is less than its carrying value and the Company determines the impairment is other-than-temporary. Impairment charges are recorded in "Earnings from equity method investments" on the Company's Consolidated Statements of Operations.
	Cash and cash equivalents—Cash and cash equivalents include cash held in banks or invested in money market funds with original maturity terms of less than 90 days.
	Restricted cash—Restricted cash represents amounts required to be maintained under certain of the Company's debt obligations, loans, leasing, land development, sale and derivative transactions.
	Variable interest entities—The Company evaluated its investments and other contractual arrangements to determine if they constitute variable interests in a VIE. A VIE is an entity where a controlling financial interest is achieved through means other than voting rights. A VIE is consolidated by the primary beneficiary, which is the party that has the power to direct matters that most significantly impact the activities of the VIE and has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. This overall consolidation assessment includes a review of, among other factors, which interests create or absorb variability, contractual terms, the key decision making powers, their impact on the VIE's economic performance, and related party relationships. Where qualitative assessment is not conclusive, the Company performs a quantitative analysis. The Company reassesses its evaluation of the primary beneficiary of a VIE on an ongoing basis and assesses its evaluation of an entity as a VIE upon certain reconsideration events.
	The Company has investments in certain funds that meet the deferral criteria in Accounting Standards Update ("ASU") 2010-10 and will continue to assess consolidation of these entities under the overall guidance on the consolidation of VIEs in ASC 810-10. The consolidation evaluation is similar to the process noted above, except that the primary beneficiary is the party that will receive a majority of the VIE's anticipated losses, a majority of the VIE's expected residual returns, or both. In addition, for entities that meet the deferral criteria, the Company reassesses its initial evaluation of the primary beneficiary and whether an entity is a VIE upon the occurrence of certain reconsideration events.
	Deferred expenses—Deferred expenses include leasing costs and financing fees. Leasing costs include brokerage, legal and other costs which are amortized over the life of the respective leases. External fees and costs incurred to obtain long-term financing have been deferred and are amortized over the term of the respective borrowing using the effective interest method or the straight line method, as appropriate. Amortization of leasing costs is included in "Depreciation and amortization" and amortization of deferred financing fees is included in "Interest expense" on the Company's Consolidated Statements of Operations.
	Identified intangible assets and liabilities—Upon the acquisition of a business, the Company records intangible assets or liabilities acquired at their estimated fair values separate and apart from goodwill. The Company determines whether such intangible assets or liabilities have finite or indefinite lives. As of December 31, 2013, all such intangible assets and liabilities acquired by the Company have finite lives. Intangible assets are included in "Deferred expenses and other assets, net" and intangible liabilities are included in "Accounts payable, accrued expenses and other liabilities" on the Company's Consolidated Balance Sheets. The Company amortizes finite lived intangible assets and liabilities based on the period over which the assets are expected to contribute directly or indirectly to the future cash flows of the business acquired. The Company reviews finite lived intangible assets for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. If the Company determines the carrying value of an intangible asset is not recoverable it will record an impairment charge to the extent its carrying value exceeds its estimated fair value. Impairments of intangible assets are recorded in "Impairment of assets" on the Company's Consolidated Statements of Operations.
	Revenue recognition—The Company's revenue recognition policies are as follows:
	Operating lease income: The Company's leases have all been determined to be operating leases based on an analysis performed in accordance with ASC 840. Operating lease income is recognized on the straight-line method of accounting, generally from the later of the date the lessee takes possession of the space and it is ready for its intended use or the date of acquisition of the facility subject to existing leases. Accordingly, contractual lease payment increases are recognized evenly over the term of the lease. The periodic difference between lease revenue recognized under this method and contractual lease payment terms is recorded as "Deferred operating lease income receivable," on the Company's Consolidated Balance Sheets.
	The Company also recognizes revenue from certain tenant leases for reimbursements of all or a portion of operating expenses, including common area costs, insurance, utilities and real estate taxes of the respective property. This revenue is accrued in the same periods as the expense is incurred and is recorded as “Operating lease income” on the Company's Consolidated Statements of Operations. Revenue is also recorded from certain tenant leases that is contingent upon tenant sales exceeding defined thresholds. These rents are recognized only after the defined threshold has been met for the period.
	Management estimates losses within its operating lease income receivable and deferred operating lease income receivable balances as of the balance sheet date and incorporates an asset-specific component, as well as a general, formula-based reserve based on management's evaluation of the credit risks associated with these receivables. At December 31, 2013 and 2012, the total allowance for doubtful accounts related to tenant receivables, including deferred operating lease income receivable, was $5.9 million and $5.6 million, respectively.
	Interest Income: Interest income on loans receivable is recognized on an accrual basis using the interest method.
	On occasion, the Company may acquire loans at premiums or discounts. These discounts and premiums in addition to any deferred costs or fees, are typically amortized over the contractual term of the loan using the interest method. Exit fees are also recognized over the lives of the related loans as a yield adjustment, if management believes it is probable that such amounts will be received. If loans with premiums, discounts, loan origination or exit fees are prepaid, the Company immediately recognizes the unamortized portion, which is included in "Other income" on the Company's Consolidated Statements of Operations.
	The Company considers a loan to be non-performing and places loans on non-accrual status at such time as: (1) the loan becomes 90 days delinquent; (2) the loan has a maturity default; or (3) management determines it is probable that it will be unable to collect all amounts due according to the contractual terms of the loan. While on non-accrual status, based on the Company's judgment as to collectability of principal, loans are either accounted for on a cash basis, where interest income is recognized only upon actual receipt of cash, or on a cost-recovery basis, where all cash receipts reduce a loan's carrying value. Non-accrual loans are returned to accrual status when a loan has become contractually current and management believes all amounts contractually owed will be received.
	Certain of the Company's loans contractually provide for accrual of interest at specified rates that differ from current payment terms. Interest is recognized on such loans at the accrual rate subject to management's determination that accrued interest and outstanding principal are ultimately collectible, based on the underlying collateral and operations of the borrower.
	Prepayment penalties or yield maintenance payments from borrowers are recognized as additional income when received. Certain of the Company's loan investments provide for additional interest based on the borrower's operating cash flow or appreciation of the underlying collateral. Such amounts are considered contingent interest and are reflected as interest income only upon receipt of cash.
	The Company holds certain loans initially acquired at a discount, for which it was probable, at acquisition, that all contractually required payments would not be received. The Company does not have a reasonable expectation about the timing and amount of cash flows expected to be collected on these loans and recognizes income when cash is received.
	Other income: Other income includes revenues from hotel operations, which are recognized when rooms are occupied and the related services are provided. Revenues include room sales, food and beverage sales, parking, telephone, spa services and gift shop sales.
	Reserve for loan losses—The reserve for loan losses reflects management's estimate of loan losses inherent in the loan portfolio as of the balance sheet date. The reserve is increased through "Provision for loan losses" on the Company's Consolidated Statements of Operations and is decreased by charge-offs when losses are confirmed through the receipt of assets such as cash in a pre-foreclosure sale or via ownership control of the underlying collateral in full satisfaction of the loan upon foreclosure or when significant collection efforts have ceased. The Company has one portfolio segment, represented by commercial real estate lending, whereby it utilizes a uniform process for determining its reserve for loan losses. The reserve for loan losses includes a general, formula-based component and an asset-specific component.
	The general reserve component covers performing loans and reserves for loan losses are recorded when (i) available information as of each balance sheet date indicates that it is probable a loss has occurred in the portfolio and (ii) the amount of the loss can be reasonably estimated. The formula-based general reserve is derived from estimated principal default probabilities and loss severities applied to groups of loans based upon risk ratings assigned to loans with similar risk characteristics during the Company's quarterly loan portfolio assessment. During this assessment, the Company performs a comprehensive analysis of its loan portfolio and assigns risk ratings to loans that incorporate management's current judgments about their credit quality based on all known and relevant internal and external factors that may affect collectability. The Company considers, among other things, payment status, lien position, borrower financial resources and investment in collateral, collateral type, project economics and geographical location as well as national and regional economic factors. This methodology results in loans being segmented by risk classification into risk rating categories that are associated with estimated probabilities of default and principal loss. Ratings range from "1" to "5" with "1" representing the lowest risk of loss and "5" representing the highest risk of loss. The Company estimates loss rates based on historical realized losses experienced within its portfolio and takes into account current economic conditions affecting the commercial real estate market when establishing appropriate time frames to evaluate loss experience.
	The asset-specific reserve component relates to reserves for losses on impaired loans. The Company considers a loan to be impaired when, based upon current information and events, it believes that it is probable that the Company will be unable to collect all amounts due under the contractual terms of the loan agreement. This assessment is made on a loan-by-loan basis each quarter based on such factors as payment status, lien position, borrower financial resources and investment in collateral, collateral type, project economics and geographical location as well as national and regional economic factors. A reserve is established for an impaired loan when the present value of payments expected to be received, observable market prices, or the estimated fair value of the collateral (for loans that are dependent on the collateral for repayment) is lower than the carrying value of that loan.
	Substantially all of the Company's impaired loans are collateral dependent and impairment is measured using the estimated fair value of collateral, less costs to sell. The Company generally uses the income approach through internally developed valuation models to estimate the fair value of the collateral for such loans. In more limited cases, the Company obtains external "as is" appraisals for loan collateral, generally when third party participations exist. Valuations are performed or obtained at the time a loan is determined to be impaired and designated non-performing, and they are updated if circumstances indicate that a significant change in value has occurred. In limited cases, appraised values may be discounted when real estate markets rapidly deteriorate.
	A loan is also considered impaired if its terms are modified in a troubled debt restructuring ("TDR"). A TDR occurs when the Company has granted a concession and the debtor is experiencing financial difficulties. Impairments on TDR loans are generally measured based on the present value of expected future cash flows discounted at the effective interest rate of the original loan.
	Gain or loss on debt extinguishments—The Company recognizes the difference between the reacquisition price of debt and the net carrying amount of extinguished debt currently in earnings. Such amounts may include prepayment penalties or the write-off of unamortized debt issuance costs, and are recorded in “Gain (loss) on early extinguishment of debt, net” on the Company's Consolidated Statements of Operations.
	Derivative instruments and hedging activity—The Company's use of derivative financial instruments is primarily limited to the utilization of interest rate swaps, interest rate caps or other instruments to manage interest rate risk exposure and foreign exchange contracts to manage our risk to changes in foreign currencies.
	The Company recognizes derivatives as either assets or liabilities on the Company's Consolidated Balance Sheets at fair value. If certain conditions are met, a derivative may be specifically designated as a hedge of the exposure to changes in the fair value of a recognized asset or liability, a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability.
	For derivatives designated as net investment hedges, the effective portion of changes in the fair value of the derivatives are reported in Accumulated Other Comprehensive Income as part of the cumulative translation adjustment. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. Amounts are reclassified out of Accumulated Other Comprehensive Income into earnings when the hedged net investment is either sold or substantially liquidated.
	Derivatives that are not designated hedges are considered economic hedges, with changes in fair value reported in current earnings in "Other expense" on the Company's Consolidated Statements of Operations. The Company does not enter into derivatives for trading purposes.
	Stock-based compensation—Compensation cost for stock-based awards is measured on the grant date and adjusted over the period of the employees' services to reflect (i) actual forfeitures and (ii) the outcome of awards with performance or service conditions through the requisite service period. The Company recognizes compensation cost for performance-based awards if and when the Company concludes that it is probable that the performance condition will be achieved. Compensation cost for market condition-based awards is determined using a Monte Carlo model to simulate a range of possible future stock prices for the Company's Common Stock, which is reflected in the grant date fair value. All compensation cost for market-condition based awards in which the service conditions are met is recognized regardless of whether the market condition is satisfied. Compensation costs are recognized ratably over the applicable vesting/service period and recorded in "General and administrative" on the Company's Consolidated Statements of Operations.
	Income taxes—The Company has elected to be qualified and taxed as a REIT under section 856 through 860 of the Internal Revenue Code of 1986, as amended (the "Code"). The Company is subject to federal income taxation at corporate rates on its REIT taxable income, however, the Company is allowed a deduction for the amount of dividends paid to its shareholders, thereby subjecting the distributed net income of the Company to taxation at the shareholder level only. While it must distribute at least 90% of its taxable income in order to maintain its REIT status, the Company typically distributes all of its taxable income, if any, in order to minimize any tax on undistributed taxable income. In addition, the Company is allowed several other deductions in computing its REIT taxable income, including non-cash items such as depreciation expense and certain specific reserve amounts that the Company deems to be uncollectable. These deductions allow the Company to reduce its dividend payout requirement under federal tax laws. In addition, the Company has made foreclosure elections for certain properties acquired through foreclosure which allows the Company to operate these properties within the REIT but subjects them to certain tax obligations. The carrying value of assets with foreclosure elections as of December 31, 2013 is $1.12 billion. The Company intends to operate in a manner consistent with and its election to be treated as a REIT for tax purposes. As of December 31, 2012, the Company had $634.2 million of net operating loss carryforwards at the corporate REIT level, which can generally be used to offset both ordinary and capital taxable income in future years and will expire through 2032 if unused. The amount of net operating loss carryforwards as of December 31, 2013 will be subject to finalization of the Company's 2013 tax return. The Company recognizes interest expense and penalties related to uncertain tax positions, if any, as "Income tax (expense) benefit" on the Company's Consolidated Statements of Operations.
	The Company can participate in certain activities from which it would be otherwise precluded in order to maintain its qualification as a REIT, as long as these activities are conducted in entities which elect to be treated as taxable subsidiaries under the Code, subject to certain limitations. As such, the Company, through its taxable REIT subsidiaries ("TRSs"), is engaged in various real estate related opportunities, primarily related to managing activities related to certain foreclosed assets, as well as managing various investments in equity affiliates. As of December 31, 2013, $633.9 million of the Company's assets were owned by TRS entities. The Company's TRS entities are not consolidated for federal income tax purposes and are taxed as corporations. For financial reporting purposes, current and deferred taxes are provided for on the portion of earnings recognized by the Company with respect to its interest in TRS entities.
	The following represents the Company's TRS income tax expense ($ in thousands):
			For the Years Ended December 31,
			2013			2012			2011
	Current tax (expense) benefit		$	659		$	(8,445	)	$	(9,010	)
	Deferred tax (expense) benefit		—			—			13,729
	Total income tax (expense) benefit		$	659		$	(8,445	)	$	4,719
	During the year ended December 31, 2013, the Company's TRS entities generated a taxable loss of $1.8 million, resulting in current tax benefit of $0.7 million. During the year ended December 31, 2012, the Company's TRS entities generated taxable income of $42.2 million which was partially offset by the utilization of net operating loss carryforwards, resulting in current tax expense of $8.4 million. During the year ended December 31, 2011, the Company's TRS entities generated taxable income of $75.8 million, which was partially offset by the utilization of net operating loss carryforwards, resulting in tax expense of $9.0 million. In addition, during the year ended December 31, 2011, the Company sold its investment in Oak Hill Advisors L.P. (see Note 6) and recognized a deferred tax benefit resulting from the reversal of a deferred tax liability associated with the investment.
	Total cash paid for taxes for the years ended December 31, 2013, 2012 and 2011, was $9.2 million, $5.5 million and $8.5 million, respectively.
	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, as well as operating loss and tax credit carryforwards. The Company evaluates the realizability of its deferred tax assets and recognizes a valuation allowance if, based on the available evidence, both positive and negative, it is more likely than not that some portion or all of its deferred tax assets will not be realized. When evaluating the realizability of its deferred tax assets, the Company considers, among other matters, estimates of expected future taxable income, nature of current and cumulative losses, existing and projected book/tax differences, tax planning strategies available, and the general and industry specific economic outlook. This realizability analysis is inherently subjective, as it requires the Company to forecast its business and general economic environment in future periods. Based on an assessment of all factors, including historical losses and continued volatility of the activities within the TRS entities, it was determined that full valuation allowances were required on the net deferred tax assets as of December 31, 2013 and 2012, respectively. Changes in estimate of deferred tax asset realizability, if any are included in "Income tax (expense) benefit" on the Consolidated Statements of Operations.
	Deferred tax assets and liabilities of the Company's TRS entities were as follows ($ in thousands):
			As of December 31,
			2013			2012
	Deferred tax assets(1)		$	55,962		$	40,800
	Valuation allowance		(55,962		)	(40,800		)
	Net deferred tax assets (liabilities)		$	—		$	—
Explanatory Note:
_______________________________________________________________________________
-1	Deferred tax assets as of December 31, 2013, include real estate basis differences of $33.0 million, net operating loss carryforwards of $14.9 million and investment basis differences of $8.1 million. Deferred tax assets as of December 31, 2012, include real estate basis differences of $31.2 million, net operating loss carryforwards of $10.8 million and investment basis differences of $(1.2) million.
Earnings per share—The Company uses the two-class method in calculating EPS when it issues securities other than common stock that contractually entitle the holder to participate in dividends and earnings of the Company when, and if, the Company declares dividends on its common stock. Vested HPU shares are entitled to dividends of the Company when dividends are declared. Basic earnings per share ("Basic EPS") for the Company's Common Stock and HPU shares are computed by dividing net income allocable to common shareholders and HPU holders by the weighted average number of shares of Common Stock and HPU shares outstanding for the period, respectively. Diluted earnings per share ("Diluted EPS") is calculated similarly, however, it reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, where such exercise or conversion would result in a lower earnings per share amount.
Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are deemed a "Participating Security" and are included in the computation of earnings per share pursuant to the two-class method. The Company's unvested restricted stock units and restricted stock awards with rights to dividends and common stock equivalents issued under its Long-Term Incentive Plans are considered Participating Securities and have been included in the two-class method when calculating EPS.

Real_Estate

Real Estate	12 Months Ended
	Dec. 31, 2013
Real Estate [Abstract]	'
Real Estate	'
	Real Estate
	The Company's real estate assets were comprised of the following ($ in thousands):
		Net Lease			Operating			Land			Total
					Properties
	As of December 31, 2013
	Land and land improvements	$	350,817		$	132,934		$	803,238		$	1,286,989
	Buildings and improvements	1,346,071			587,574			—			1,933,645
	Less: accumulated depreciation and amortization	(338,640		)	(82,420		)	(3,393		)	(424,453		)
	Real estate, net	$	1,358,248		$	638,088		$	799,845		$	2,796,181
	Real estate available and held for sale	—			228,328			132,189			360,517
	Total real estate	$	1,358,248		$	866,416		$	932,034		$	3,156,698
	As of December 31, 2012
	Land and land improvements	$	344,239		$	132,028		$	786,114		$	1,262,381
	Buildings and improvements	1,282,571			572,453			—			1,855,024
	Less: accumulated depreciation and amortization	(310,605		)	(65,409		)	(2,292		)	(378,306		)
	Real estate, net	$	1,316,205		$	639,072		$	783,822		$	2,739,099
	Real estate available and held for sale	—			454,587			181,278			635,865
	Total real estate	$	1,316,205		$	1,093,659		$	965,100		$	3,374,964
	Real estate available and held for sale—As of December 31, 2013 and 2012, the Company had $221.0 million and $374.1 million, respectively, of residential properties available for sale in its operating properties portfolio.
	During the year ended December 31, 2013, the Company reclassified two land properties with a carrying value of $49.7 million from held for sale to held for investment due to changes in the Company's business plan for the properties. These assets are included in "Real estate, net" on the Company's Consolidated Balance Sheets. There were no operations to reclassify on the Company's Consolidated Statement of Operations as a result of this change. During the same period, the Company reclassified three land assets with a carrying value of $31.8 million and a net lease asset with a carrying value of $9.8 million to held for sale due to executed contracts with third parties. The net lease asset was disposed of for a gain of $3.6 million during the year ended December 31, 2013. The gain was recorded in "Gain from discontinued operations" on the Company's Consolidated Statements of Operations. The results of operations for the net lease assets that were reclassified are included in "Income (loss) from discontinued operations" on the Company's Consolidated Statements of Operations for all periods presented (see table below). The three land properties were sold during the year ended December 31, 2013 for a gain of $0.6 million. These gains were recorded in "Income from residential property" on the Company's Consolidated Statements of Operations.
	During the year ended December 31, 2012, the Company had a change in its business plans to sell two commercial operating properties previously considered held for sale. As of December 31, 2012, the carrying amount of these assets was $49.8 million and was recorded in Real Estate, net. The assets were reclassified back to real estate held and used at their carrying value prior to classification as held for sale and adjusted for depreciation expense of $3.3 million during the held for sale period, which was lower than the assets' fair value at the time of the change in plans to sell. In connection with the reclassification of these assets to held and used, the Company reclassified their results of operations for each of the periods presented, as follows:
		For the Years Ended December 31,
		2012			2011
	Other income	$	21,148		$	21,663
	Real estate expenses	$	(22,603	)	$	(24,297	)
	Acquisitions—During the year ended December 31, 2013, the Company acquired a net lease asset, which was leased back to the seller, for a purchase price of $93.6 million, including intangible assets of $36.1 million, intangible liabilities of $11.9 million and acquisition-related costs of $0.2 million. The Company concluded that the transaction was a real estate asset acquisition and capitalized the acquisition-related costs. The intangible assets are included in "Deferred expenses and other assets, net" and the intangible liabilities are included in "Accounts payable, accrued expenses and other liabilities" on the Company's Consolidated Balance Sheets. The lease is classified as an operating lease.
	During the year ended December 31, 2013, the Company acquired, via foreclosure, title to a residential operating property and two land properties, each of which previously served as collateral on loans receivable held by the Company. The total fair value of the land properties was $15.6 million. The Company contributed the residential operating property, which had a fair value of $25.5 million, to an entity, of which it owns 63%. Based on the control provisions in the partnership agreement, the Company consolidates the entity and reflects its partner's 37% share of equity in "Noncontrolling interests" on the Company's Consolidated Balance Sheets. The acquisition was accounted for at fair value. No gain or loss was recorded in conjunction with these transactions.
	During the year ended December 31, 2012, the Company acquired, via foreclosure, title to properties, which previously served as collateral on loan receivables held by the Company with a total fair value of $269.1 million at the time of foreclosure. These properties included $172.4 million of residential operating properties, $63.4 million of commercial operating properties and $33.3 million of land assets.
	During the year ended December 31, 2012, the Company also acquired land and other assets with a fair value of $27.3 million from a third party to form a new venture related to one of the Company's commercial operating properties. The third party contributed land into the venture in a non-cash exchange for a non-controlling interest and the Company continues to consolidate the subsidiary. In conjunction with the formation of this new venture, the venture contributed land with a recorded value of $11.6 million in a non-cash exchange for a 40% noncontrolling equity interest in a separate new venture. The Company did not recognize any gains or losses associated with these transactions.
	In addition, during 2012, the Company acquired land and other assets with a fair value of $11.5 million from a third party to form a new strategic venture related to one of the Company's active land development projects. The third party contributed land into the venture in a non-cash exchange for a non-controlling interest and the Company continues to consolidate the subsidiary. The Company did not recognize any gains or losses associated with the transaction. Based upon certain rights held by the minority partner in this land venture that provide it with an option to redeem its interest at fair value after seven years, the Company has reflected the partner's non-controlling interest in this venture as a redeemable non-controlling interest within its Consolidated Balance Sheets. As it is probable that the interest will become redeemable, subsequent changes in fair value are being accreted over the seven year period from the date of issuance to the earliest redemption date using the interest method. As of December 31, 2013 and 2012, the estimated redemption value of the redeemable non-controlling interest was $17.4 million and $17.9 million, respectively.
	Dispositions—During the years ended December 31, 2013, 2012, and 2011, the Company sold residential condominiums for total net proceeds of $269.7 million, $319.3 million and $154.0 million, respectively, and recorded income from sales of residential properties totaling $82.6 million, $63.5 million and $5.7 million, respectively.
	During the year ended December 31, 2013, the Company sold land for net proceeds of $21.4 million to a newly formed unconsolidated entity in which the Company also received a preferred partnership interest and a 47.5% equity interest. The Company recognized a gain of $3.4 million, reflecting the proportionate share of our sold interest, which was recorded as "Income from sales of residential property" on the Company's Consolidated Statements of Operations. The Company also sold land with a carrying value of $18.9 million for proceeds that approximated carrying value.
	During the year ended December 31, 2013, the Company contributed land with carrying value of $24.1 million to a newly formed unconsolidated entity in which the Company received an equity interest of 75.6%. As a result of the transfer, the Company recognized a $7.4 million loss, which was recorded as "Loss on transfer of interest to unconsolidated subsidiary" on the Company's Consolidated Statements of Operations. In addition, during the year ended December 31, 2013, the Company contributed land with a carrying value of $2.8 million to a newly formed unconsolidated entity in which the Company also received a 50.0% equity interest. No gain or loss was recorded in conjunction with the transaction.
	Additionally, during the year ended December 31, 2013, the Company sold five net lease assets with a carrying value of $18.7 million resulting in a net gain of $2.2 million. During the same period the Company sold six commercial operating properties with a carrying value of $72.6 million resulting in a net gain of $18.6 million. These gains were recorded as "Gain from discontinued operations" on the Company's Consolidated Statements of Operations. The Company also sold a land asset with a carrying value of $14.8 million resulting in a gain of $0.6 million, which was included in "Income from sales of residential property" on the Company's Consolidated Statements of Operations.
	Also, during the year ended December 31, 2013, the Company transferred title of net lease assets with a carrying value of $8.7 million to its tenant for consideration that approximated our carrying value.
	During the year ended December 31, 2012, the Company sold a portfolio of 12 net lease assets with an aggregate carrying value of $105.7 million and recorded a gain of $24.9 million resulting from the transaction. Certain of the properties were subject to secured term loans with a remaining principal balance of $50.8 million that were repaid in full at closing (see Note 8). In addition to this portfolio sale, during 2012, the Company sold net lease assets with a carrying value of $9.8 million, resulting in a net gain of $2.4 million. These gains were recorded as "Gain from discontinued operations" on the Company's Consolidated Statements of Operations. During the year ended December 31, 2012, the Company sold commercial operating properties with an aggregate carrying value of $29.3 million and land assets with a carrying value of $72.1 million for proceeds that approximated carrying value.
	During the year ended December 31, 2011, the Company sold net lease assets with carrying values of $34.1 million, resulting in a net gain of $3.2 million, which was recorded in "Gain from discontinued operations" on the Company's Consolidated Statements of Operations. During 2011, the Company also sold commercial operating properties with an aggregate carrying value of $17.9 million and land assets with a carrying value of $9.5 million for proceeds that approximated carrying value. In addition, during 2011, the Company realized $22.2 million of a gain previously deferred resulting from the sale of a portfolio of 32 net lease assets in 2010. The gain was recorded in "Gain from discontinued operations" on the Company's Consolidated Statements of Operations during the year ended December 31, 2011.
	Discontinued Operations—The following table summarizes income (loss) from discontinued operations for the years ended December 31, 2013, 2012 and 2011, respectively ($ in thousands):
		For the Years Ended December 31,
		2013			2012			2011
	Revenues	$	5,545		$	14,132		$	23,090
	Total expenses	(3,138		)	(9,037		)	(19,457		)
	Impairment of assets	(1,763		)	(22,576		)	(9,147		)
	Income (loss) from discontinued operations	$	644		$	(17,481	)	$	(5,514	)
	Impairments—During the years ended December 31, 2013, 2012 and 2011 the Company recorded impairments on real estate assets totaling $14.4 million, $35.4 million and $22.4 million, respectively, resulting from changes in local market conditions and business strategy for certain assets. Of these amounts, $1.8 million, $22.6 million and $9.1 million for the years ended December 31, 2013, 2012 and 2011, respectively, have been recorded in "Income (loss) from discontinued operations" on the Company's Consolidated Statements of Operations due to the assets being sold or classified as held for sale as of December 31, 2013 (see above).
	Tenant Reimbursements—The Company receives reimbursements from tenants for certain facility operating expenses including common area costs, insurance, utilities and real estate taxes. Tenant expense reimbursements for the years ended December 31, 2013, 2012 and 2011 were $31.8 million, $30.9 million and $29.4 million, respectively, and are included in “Operating lease income” on the Company's Consolidated Statements of Operations.
	Future Minimum Operating Lease Payments—Future minimum operating lease payments under non-cancelable leases, excluding customer reimbursements of expenses, in effect at December 31, 2013, are as follows ($ in thousands):
	Year		Net Lease Assets			Operating Properties
	2014		$	132,996		$	53,283
	2015		$	133,272		$	48,851
	2016		$	131,738		$	46,476
	2017		$	125,142		$	44,516
	2018		$	123,464		$	37,979

Loans_Receivable_and_Other_Len

Loans Receivable and Other Lending Investments, net	12 Months Ended
	Dec. 31, 2013
Receivables [Abstract]	'
Loans Receivable and Other Lending Investments, net	'
	Loans Receivable and Other Lending Investments, net
	The following is a summary of the Company's loans receivable and other lending investments by class ($ in thousands):
		As of December 31,
	Type of Investment	2013				2012
	Senior mortgages	$	1,071,662			$	1,751,256
	Subordinate mortgages	60,679				152,737
	Corporate/Partnership loans	473,045				450,491
	Total gross carrying value of loans	$	1,605,386			$	2,354,484
	Reserves for loan losses	(377,204		)		(524,499		)
	Total loans receivable, net	$	1,228,182			$	1,829,985
	Other lending investments—securities	141,927				—
	Total loans receivable and other lending investments, net(1)	$	1,370,109			$	1,829,985
	Explanatory Note:
	_______________________________________________________________________________
	-1	The Company's recorded investment in loans as of December 31, 2013 and 2012 also includes accrued interest of $6.5 million and $9.8 million, respectively, which are included in "Accrued interest and operating lease income receivable, net" on the Company's Consolidated Balance Sheets.
	During the years ended December 31, 2013, 2012 and 2011, the Company sold loans with total carrying values of $95.1 million, $53.9 million and $144.9 million, respectively, which resulted in a net realized loss of $0.6 million, a net gain of $6.4 million and no gain or loss, respectively. Gains and losses on sales of loans are included in "Other income" on the Company's Consolidated Statements of Operations.
	Reserve for loan losses—Changes in the Company's reserve for loan losses were as follows ($ in thousands):
		For the Years Ended December 31,
		2013				2012				2011
	Reserve for loan losses at beginning of period	$	524,499			$	646,624			$	814,625
	Provision for loan losses(1)	5,489				81,740				46,412
	Charge-offs	(152,784		)		(203,865		)		(214,413		)
	Reserve for loan losses at end of period	$	377,204			$	524,499			$	646,624
	Explanatory Note:
	_______________________________________________________________________________
	-1	For the years ended December 31, 2013, 2012 and 2011, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $63.1 million, $4.6 million and $23.6 million, respectively.
	The Company's recorded investment in loans (comprised of a loan's carrying value plus accrued interest) and the associated reserve for loan losses were as follows ($ in thousands):
		Individually				Collectively				Loans Acquired				Total
		Evaluated for				Evaluated for				with Deteriorated
		Impairment(1)				Impairment(2)				Credit Quality(3)
	As of December 31, 2013
	Loans	$	752,425			$	849,613			$	9,889			$	1,611,927
	Less: Reserve for loan losses	(348,004		)		(29,200		)		—				(377,204		)
	Total	$	404,421			$	820,413			$	9,889			$	1,234,723
	As of December 31, 2012
	Loans	$	1,095,957			$	1,210,077			$	58,281			$	2,364,315
	Less: Reserve for loan losses	(472,058		)		(33,100		)		(19,341		)		(524,499		)
	Total	$	623,899			$	1,176,977			$	38,940			$	1,839,816
	Explanatory Notes:
	_______________________________________________________________________________
	-1	The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs aggregating to a net premium of $0.5 million and a net discount of $4.0 million as of December 31, 2013 and 2012, respectively. The Company's loans individually evaluated for impairment primarily represent loans on non-accrual status and therefore, the unamortized amounts associated with these loans are not currently being amortized into income.
	-2	The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs aggregating to a net discount of $4.6 million and $3.8 million as of December 31, 2013 and 2012, respectively.
	-3	The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs aggregating to a net premium of $0.4 million and $0.1 million as of December 31, 2013 and 2012, respectively. These loans had cumulative principal balances of $10.2 million and $58.8 million, as of December 31, 2013 and 2012, respectively.
	Credit Characteristics—As part of the Company's process for monitoring the credit quality of its loans, it performs a quarterly loan portfolio assessment and assigns risk ratings to each of its performing loans. Risk ratings are based on judgments which are inherently uncertain and there can be no assurance that actual performance will not be different than current expectation.
	The Company's recorded investment in performing loans, presented by class and by credit quality, as indicated by risk rating, was as follows ($ in thousands):
		As of
		December 31, 2013							December 31, 2012
		Performing				Weighted			Performing				Weighted
		Loans				Average			Loans				Average
						Risk Ratings							Risk Ratings
	Senior mortgages	$	591,145			2.5			$	840,593			2.75
	Subordinate mortgages	61,364				3.37			99,698				2.27
	Corporate/Partnership loans	438,831				3.88			444,772				3.69
	Total	$	1,091,340			3.11			$	1,385,063			3.01
	As of December 31, 2013, the Company's recorded investment in loans, aged by payment status and presented by class, were as follows ($ in thousands):
		Current				Less Than				Greater				Total				Total
						and Equal				Than				Past Due
						to 90 Days				90 Days
	Senior mortgages	$	625,267			$	—			$	449,085			$	449,085			$	1,074,352
	Subordinate mortgages	61,364				—				—				—				61,364
	Corporate/Partnership loans	476,211				—				—				—				476,211
	Total	$	1,162,842			$	—			$	449,085			$	449,085			$	1,611,927
	Impaired Loans—The Company's recorded investment in impaired loans, presented by class, were as follows ($ in thousands)(1):
	As of December 31, 2013												As of December 31, 2012
	Recorded				Unpaid				Related				Recorded				Unpaid				Related
	Investment				Principal				Allowance				Investment				Principal				Allowance
					Balance												Balance
With no related allowance recorded:
Senior mortgages	$	3,012			$	2,992			$	—			$	108,077			$	107,850			$	—
Corporate/Partnership loans	—				—				—				10,110				10,160				—
Subtotal	$	3,012			$	2,992			$	—			$	118,187			$	118,010			$	—
With an allowance recorded:
Senior mortgages	$	650,337			$	645,463			$	(304,544	)		$	918,975			$	918,496			$	(442,760	)
Subordinate mortgages	—				—				—				53,979				53,679				(39,579		)
Corporate/Partnership loans	99,076				99,067				(43,460		)		63,096				63,246				(9,060		)
Subtotal	$	749,413			$	744,530			$	(348,004	)		$	1,036,050			$	1,035,421			$	(491,399	)
Total:
Senior mortgages	$	653,349			$	648,455			$	(304,544	)		$	1,027,052			$	1,026,346			$	(442,760	)
Subordinate mortgages	—				—				—				53,979				53,679				(39,579		)
Corporate/Partnership loans	99,076				99,067				(43,460		)		73,206				73,406				(9,060		)
Total	$	752,425			$	747,522			$	(348,004	)		$	1,154,237			$	1,153,431			$	(491,399	)
Explanatory Note:
_______________________________________________________________________________
-1	All of the Company's non-accrual loans are considered impaired and included in the table above. In addition, as of December 31, 2013 and 2012, certain loans modified through troubled debt restructurings with a recorded investment of $231.8 million and $175.0 million, respectively, are also included as impaired loans in accordance with GAAP although they are performing and on accrual status.
The Company's average recorded investment in impaired loans and interest income recognized, presented by class, were as follows ($ in thousands):
	For the Years Ended December 31,
	2013								2012								2011
	Average				Interest				Average				Interest				Average				Interest
	Recorded				Income				Recorded				Income				Recorded				Income
	Investment				Recognized				Investment				Recognized				Investment				Recognized
With no related allowance recorded:
Senior mortgages	$	31,409			$	9,269			$	162,093			$	2,765			$	309,079			$	31,799
Corporate/Partnership loans	8,062				6,050				10,110				160				10,110				680
Subtotal	$	39,471			$	15,319			$	172,203			$	2,925			$	319,189			$	32,479
With an allowance recorded:
Senior mortgages	$	794,247			$	1,976			$	1,064,045			$	3,865			$	1,608,486			$	7,187
Subordinate mortgages	32,382				—				52,208				—				19,477				—
Corporate/Partnership loans	77,661				323				62,248				312				66,087				332
Subtotal	$	904,290			$	2,299			$	1,178,501			$	4,177			$	1,694,050			$	7,519
Total:
Senior mortgages	$	825,656			$	11,245			$	1,226,138			$	6,630			$	1,917,565			$	38,986
Subordinate mortgages	32,382				—				52,208				—				19,477				—
Corporate/Partnership loans	85,723				6,373				72,358				472				76,197				1,012
Total	$	943,761			$	17,618			$	1,350,704			$	7,102			$	2,013,239			$	39,998
During the years ended December 31, 2013, 2012 and 2011, the Company recorded interest income of $13.3 million, $0.0 million and $26.3 million, respectively, related to the resolution of certain non-performing loans. Interest income was not previously recorded while the loans were on non-accrual status.
Troubled Debt Restructurings—During the years ended December 31, 2013 and 2012, the Company modified loans that were determined to be troubled debt restructurings. The recorded investment in these loans was impacted by the modifications as follows, presented by class ($ in thousands):
	For the Years Ended December 31,
	2013											2012
	Number			Pre-Modification				Post-Modification				Number			Pre-Modification				Post-Modification
	of Loans			Outstanding				Outstanding				of Loans			Outstanding				Outstanding
				Recorded				Recorded							Recorded				Recorded
				Investment				Investment							Investment				Investment
Senior mortgages	6			$	179,030			$	154,278			8			$	319,667			$	272,753
Troubled debt restructurings that occurred during the year ended December 31, 2013 included the modification of two performing loans with a combined recorded investment of $4.6 million. The modified terms of these loans granted maturity extensions of one year. In each case, the Company believes the borrowers can perform under the modified terms of the loans and continues to classify these loans as performing.
Non-performing loans with a combined investment of $174.5 million were also modified during the year ended December 31, 2013. Included in this balance were two loans with a combined recorded investment of $98.3 million in which the Company received $15.4 million of paydowns and accepted discounted payoff options on these loans, with final payments expected to be made in January 2014 and July 2014 and the loans were reclassified from non-performing to performing status as the Company believes the borrowers can perform under the modified terms of the agreements. The remaining loans were granted payoff option extensions ranging from one year to three years. These loans continued to be classified as non-performing subsequent to modification.
Troubled debt restructurings that occurred during the year ended December 31, 2012 included the modifications of performing loans with a combined recorded investment of $64.1 million. The modified terms of these loans granted maturity extensions ranging from one year to three years and included conditional extension options in certain cases dependent on borrower-specific performance hurdles. In each case, the Company believes the borrowers can perform under the modified terms of the loans and continues to classify these loans as performing.
Non-performing loans with a combined recorded investment of $255.6 million were also modified during the year ended December 31, 2012 and continued to be classified as non-performing subsequent to modification. Included in this balance was a loan with a recorded investment of $181.5 million prior to modification, for which the Company agreed to reduce the outstanding principal balance and recorded charge-offs totaling $45.5 million, and also reduce the loan's interest rate. The remaining non-performing loans were granted maturity extensions ranging from one month to seven months and the interest rate was reduced on one loan.
Generally when granting concessions, the Company will seek to protect its position by requiring incremental pay downs, additional collateral or guarantees and in some cases lookback features or equity kickers to offset concessions granted should conditions impacting the loan improve. The Company's determination of credit losses is impacted by troubled debt restructurings whereby loans that have gone through troubled debt restructurings are considered impaired, assessed for specific reserves, and are not included in the Company's assessment of general loan loss reserves. Loans previously restructured under troubled debt restructurings that subsequently default are reassessed to incorporate the Company's current assumptions on expected cash flows and additional provision expense is recorded to the extent necessary. As of December 31, 2013, the Company had $13.3 million of unfunded commitments associated with modified loans considered troubled debt restructurings.
Troubled debt restructurings that subsequently defaulted during the period were as follows ($ in thousands):
	For the Years Ended December 31,
	2013							2012
	Number			Outstanding				Number			Outstanding
	of Loans			Recorded				of Loans			Recorded
				Investment							Investment
Senior mortgages	1			$	26,693			1			$	18,511
Securities—As of December 31, 2013, Other lending investments—securities includes the following ($ in thousands):
	Face Value				Amortized Cost Basis				Net Unrealized Gain (Loss)				Estimated Fair Value				Net Carrying Value
Available-for-Sale Securities
Municipal debt securities	$	1,055			$	1,055			$	(18	)		$	1,037			$	1,037
Held-to-Maturity Securities
Corporate debt securities	139,842				140,890				—				140,890				140,890
Total	$	140,897			$	141,945			$	(18	)		$	141,927			$	141,927
During the year ended December 31, 2013, the Company originated a mandatorily redeemable preferred equity investment, which has an initial term of three years with two 12-month extensions. At December 31, 2013, the Company's investment was $140.9 million and the unfunded commitment was $6.2 million. The investment is classified as a held-to-maturity debt security as the Company has the ability and intent to hold the investment until maturity.
As of December 31, 2013, the contractual maturities of the Company's securities were as follows ($ in thousands):
	Held-to-Maturity Securities								Available-for-Sale Securities
	Amortized Cost Basis				Estimated Fair Value				Amortized Cost Basis				Estimated Fair Value
Maturities
Within one year	$	—			$	—			$	—			$	—
After one year through 5 years	140,890				140,890				—				—
After 5 years through 10 years	—				—				—				—
After 10 years	—				—				1,055				1,037
Total	$	140,890			$	140,890			$	1,055			$	1,037

Other_Investments

Other Investments	12 Months Ended
	Dec. 31, 2013
Investments, All Other Investments [Abstract]	'
Other Investments	'
	Other Investments
	The Company's other investments and its proportionate share of results from equity method investments were as follows ($ in thousands):
		Carrying Value						Equity in Earnings
		As of December 31,						For the Years Ended December 31,
		2013			2012			2013			2012				2011
	LNR	$	—		$	205,773		$	16,465		$	60,669			$	53,861
	Madison Funds	67,782			56,547			14,796			10,246				3,641
	Oak Hill Funds	21,366			29,840			4,174			5,844				1,918
	Real estate equity investments	62,205			47,619			2,753			21,636				(5,273		)
	Other equity method investments(1)	45,954			47,939			3,332			4,614				40,944
	Total equity method investments	$	197,307		$	387,718		$	41,520		$	103,009			$	95,091
	Other	9,902			11,125
	Total other investments	$	207,209		$	398,843
	Explanatory Note:
	_______________________________________________________________________________
	-1	For the year ended December 31, 2011, equity in earnings includes $38.4 million of earnings related to Oak Hill Advisors, L.P. and related entities that were sold in October 2011.
	LNR—In July 2010, the Company acquired an ownership interest of approximately 24% in LNR Property Corporation ("LNR"). LNR is a servicer and special servicer of commercial mortgage loans and CMBS and a diversified real estate investment, finance and management company. In the transaction, the Company and a group of investors, including other creditors of LNR, acquired 100% of the common stock of LNR in exchange for cash and the extinguishment of existing senior notes of LNR's parent holding company (the "Holdco Notes"). The Company contributed $100.0 million aggregate principal amount of Holdco Notes and $100.0 million in cash in exchange for an equity interest of $120.0 million.
	Beginning in September 2012, the Company and other owners of LNR entered into negotiations with potential purchasers of LNR. After an extensive due diligence and negotiation process, the LNR owners entered into a definitive contract to sell LNR in January 2013 at a fixed sale price which, from the Company's perspective, reflected in part the Company's then-current expectations about the future results of LNR and potential volatility in its business. The definitive sale contract provided that LNR would not make cash distributions to its owners during the fourth quarter of 2012 through the closing of the sale. Notwithstanding the fixed terms of the contract, our investment balance in LNR increased due to equity in earnings recorded which resulted in our recognition of other than temporary impairment on our investment during the year ended December 31, 2013. In April 2013, the Company completed the sale of its 24% equity interest in LNR and received $220.3 million in net proceeds. Approximately $25.2 million of net proceeds were placed in escrow for potential indemnification obligations through April 2014. The Company is not currently aware that any material indemnification claims are probable of occurring.
	The following table represents investee level summarized financial information for LNR ($ in thousands)(1):
		For the Period from October 1, 2012 to April 19,			For the Years
					Ended September 30,
		2013			2012			2011
	Income Statements
	Total revenue(2)	$	179,373		$	332,902		$	327,032
	Income tax (expense) benefit(3)	$	(2,137	)	$	(6,731	)	$	76,558
	Net income attributable to LNR(4)	$	113,478		$	253,039		$	225,190
	iStar's ownership percentage	24		%	24		%	24		%
	iStar's equity in earnings from LNR(5)	$	45,375		$	60,669		$	53,861
		As of September 30,
		2013			2012
	Balance Sheets
	Total assets(2)	$	—		$	98,513,452
	Total debt(2)	$	—		$	97,521,520
	Total liabilities(2)	$	—		$	97,639,696
	Noncontrolling interests	$	—		$	8,067
	LNR Property LLC equity	$	—		$	865,689
	iStar's ownership percentage	—		%	24		%
	iStar's equity in LNR(6)	$	—		$	205,773
		For the Period from October 1, 2012 to April 19,			For the Years
					Ended September 30,
		2013			2012			2011
	Cash Flows
	Operating cash flows	$	(127,075	)	$	(85,909	)	$	170,703
	Cash flows from investing activities	$	(36,543	)	$	(55,686	)	$	45,488
	Cash flows from financing activities	$	217,241		$	229,634		$	(123,506	)
	Net cash flows	$	53,623		$	88,039		$	92,685
	Cash distributions	$	—		$	61,179		$	73,916
	iStar's ownership percentage	24		%	24		%	24		%
	Cash distributions received by iStar	—			14,690			17,722
	Explanatory Notes:
	_______________________________________________________________________________
	-1	The Company recorded its investment in LNR, which was sold in April 2013, on a one quarter lag, therefore, amounts in the Company's financial statements for the year ended December 31, 2013 are based on balances and results from LNR for the period from October 1, 2012 to April 19, 2013. The amounts in the Company's financial statements for the year ended December 31, 2012 and 2011 are based on balances and results from LNR for the years ended September 30, 2012 and 2011, respectively.
	-2	LNR consolidates certain commercial mortgage-backed securities and collateralized debt obligation trusts that are considered VIEs (and for which it is the primary beneficiary), that have been included in the amounts presented above. As of September 30, 2012, the assets of these trusts, which aggregated $97.52 billion, were the sole source of repayment of the related liabilities, which aggregated $97.21 billion and are non-recourse to LNR and its equity holders, including the Company. Excluding the amounts related to VIEs, as of September 30, 2012, total assets were $1.38 billion , total debt was $398.9 million, and total liabilities were $517.1 million. In addition, total revenue presented above includes $55.5 million, $95.4 million, and $119.0 million for the period from October 1, 2012 to April 19, 2013 and for the years ended September 30, 2012 and 2011, respectively, of servicing fee revenue that is eliminated upon consolidation of the VIE's at the LNR level. This income is then added back through consolidation at the LNR level as an adjustment to income allocable to noncontrolling entities and has no net impact on net income attributable to LNR.
	-3	During the year ended December 31, 2011, LNR recorded an income tax benefit from the settlement of certain tax liabilities.
	-4	Subsequent to the sale of the Company's interest in LNR, LNR reported a reduction in their earnings of $66.2 million related to a purchase price allocation adjustment. The reduction was reflected in LNR's operations for the three months ended March 31, 2013, which resulted in a net loss for the period. Because the Company recorded its investment in LNR on a one quarter lag, the adjustment was reflected in the quarter ended June 30, 2013. There was no net impact on the Company's previously reported equity in earnings as the Company limited its proportionate share of earnings from LNR as described above.
	-5	LNR reported a net loss for the period from April 1, 2013 to April 19, 2013 which had already been considered in the Company's other than temporary impairment assessment. As such, no equity in earnings was recorded during the quarter ended September 30, 2013. The total equity in earnings recognized for LNR was $45.4 million for the year ended December 31, 2013.
	-6	Represents the Company's investment in LNR at December 31, 2013 and 2012, respectively.
	The following table reconciles the activity related to the Company's investment in LNR for the three months ended March 31, 2013 and June 30, 2013, the six months ended December 31, 2013 and for the year ended December 31, 2013 ($ in thousands):
		For the Three Months Ended March 31, 2013			For the Three Months Ended June 30, 2013			For the Six Months Ended December 31, 2013			For the Year Ended December 31, 2013
	Carrying value of LNR at beginning of period	$	205,773		$	220,281		$	—		$	205,773
	Equity in earnings of LNR for the period(1)	$	45,375		$	—		$	—		$	45,375		(a)
	Balance before other than temporary impairment	$	251,148		$	220,281		$	—		$	251,148
	Other than temporary impairment(1)	$	(30,867	)	$	—		$	—		$	(30,867	)	(b)
Sales proceeds pursuant to contract	$	—		$	(220,281	)	$	—		$	(220,281	)
Carrying value of LNR at end of period	$	220,281		$	—		$	—		$	—
Explanatory Notes:
_______________________________________________________________________________
-1	Subsequent to the sale of the Company's interest in LNR, LNR reported a reduction in their earnings of $66.2 million related to a purchase price allocation adjustment. The reduction was reflected in LNR's operations for the three months ended March 31, 2013, which resulted in a net loss for the period. Because the Company recorded its investment in LNR on a one quarter lag, the adjustment was reflected in the quarter ended June 30, 2013. There was no net impact on the Company's previously reported equity in earnings as the Company limited its proportionate share of earnings from LNR as described above.
For the year ended December 31, 2013, the amount that was recognized as income in the Company's Consolidated Statements of Operations is the sum of items (a), (b) and $1.7 million of income recognized for the release of other comprehensive income related to LNR upon sale, or $16.5 million.
Madison Funds—As of December 31, 2013, the Company owned a 29.52% interest in Madison International Real Estate Fund II, LP, a 32.92% interest in Madison International Real Estate Fund III, LP and a 29.52% interest in Madison GP1 Investors, LP (collectively, the "Madison Funds"). The Madison Funds invest in ownership positions of entities that own real estate assets. The Company determined that these entities are variable interest entities and that the Company is not the primary beneficiary.
Oak Hill Funds—As of December 31, 2013, the Company owned a 5.92% interest in OHA Strategic Credit Master Fund, L.P. ("OHASCF"). OHASCF was formed to acquire and manage a diverse portfolio of assets, investing in distressed, stressed and undervalued loans, bonds, equities and other investments. The Company determined that this entity is a variable interest entity and that the Company is not the primary beneficiary.
Real estate equity investments—During the year ended December 31, 2013, the Company sold land for net proceeds of $21.4 million to a newly formed unconsolidated entity in which the Company had a preferred partnership interest and a 47.5% equity interest. The Company's proportionate share of the assets retained on a carryover basis on the date of sale was $10.6 million. The Company held a preferred partnership interest of $6.6 million, which was repaid and no longer outstanding at December 31, 2013. As of December 31, 2013, the Company had a recorded equity interest of $5.5 million.
During the year ended December 31, 2013, the Company contributed land to a newly formed unconsolidated entity in which the Company received an equity interest of 75.6%. As of December 31, 2013, the Company had a recorded equity interest of $18.0 million. In addition, during the year ended December 31, 2013, the Company contributed land to a newly formed unconsolidated entity in which the Company also received a 50.0% equity interest. As of December 31, 2013, the Company had a recorded equity interest of $3.5 million.
In addition, as of December 31, 2013, the Company's other real estate equity investments included equity interests in real estate ventures ranging from 31% to 70%, comprised of investments of $16.4 million in net lease assets, $16.0 million in operating properties and $2.7 million in land assets. As of December 31, 2012, the Company's real estate equity investments included $16.4 million in net lease assets, $25.7 million in operating properties and $5.5 million in land assets. One of the Company's equity investments in operating properties represents a 33% interest in residential property units. During the years ended December 31, 2013 and 2012, the Company's earnings from its interest in this property includes income from sales of residential units of $4.7 million and $26.0 million, respectively.
Oak Hill Advisors—In October 2011, the Company sold a substantial portion of its interests in Oak Hill Advisors, L.P. and related entities for $183.7 million of net cash proceeds, which resulted in a net gain of $30.3 million that was recorded in "Earnings from equity method investments" on the Company's Consolidated Statements of Operations. Glenn R. August, a former director of the Company and the president and senior partner of Oak Hill Advisors, L.P., participated in the transaction as a purchaser. In conjunction with the sale of its interests in Oak Hill Advisors, L.P., the Company retained interests in its share of certain unearned incentive fees of various funds. These fees are contingent on the future performance of the funds and the Company will recognize income related to these fees if and when the amounts are realized.
Other investments—The Company also had smaller investments in real estate related funds and other strategic investments in several other entities that were accounted for under the equity method or cost method.
Summarized financial information—The following table presents the investee level summarized financial information of the Company's equity method investments, excluding LNR ($ in thousands):
		For the Years Ended December 31,
		2013			2012			2011
Income Statements
Revenues		$	284,513		$	401,870		$	198,340
Net income attributable to parent entities		$	206,198		$	304,960		$	97,066
		As of December 31,
		2013			2012
Balance Sheets
Total assets		$	2,980,737		$	2,758,889
Total liabilities		$	303,100		$	170,997
Noncontrolling interests		$	333		$	2,253
Total equity		$	2,677,304		$	2,585,639

Other_Assets_and_Other_Liabili

Other Assets and Other Liabilities	12 Months Ended
	Dec. 31, 2013
Other Assets and Other Liabilities [Abstract]	'
Other Assets and Other Liabilities	'
	Other Assets and Other Liabilities
	Deferred expenses and other assets, net, consist of the following items ($ in thousands):
		As of December 31,
		2013		2012
	Intangible assets, net(1)	$	100,652	$	69,134
	Other receivables	34,655		11,517
	Deferred financing fees, net(2)	33,591		26,629
	Leasing costs, net(3)	21,799		20,205
	Corporate furniture, fixtures and equipment, net(4)	6,557		7,537
	Other assets	40,726		28,102
	Deferred expenses and other assets, net	$	237,980	$	163,124
	Explanatory Notes:
	_______________________________________________________________________________
	-1	Intangible assets, net are primarily related to the acquisition of real estate assets. Accumulated amortization on intangible assets was $38.1 million and $51.5 million as of December 31, 2013 and 2012, respectively. The amortization of above market leases decreased operating lease income on the Company's Consolidated Statements of Operations by $7.0 million, $5.8 million and $2.7 million for the years ended December 31, 2013, 2012 and 2011, respectively. The total amortization expense for intangible assets was $8.2 million, $7.0 million and $7.7 million for the years ended December 31, 2013, 2012 and 2011, respectively. These amounts are included in “Depreciation and amortization” on the Company's Consolidated Statements of Operations.
	-2	Accumulated amortization on deferred financing fees was $9.9 million and $4.1 million as of December 31, 2013 and 2012, respectively.
	-3	Accumulated amortization on leasing costs was $7.1 million and $6.6 million as of December 31, 2013 and 2012, respectively.
	-4	Accumulated depreciation on corporate furniture, fixtures and equipment was $6.2 million and $6.2 million as of December 31, 2013 and 2012, respectively.
	Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands):
		As of December 31,
		2013		2012
	Accrued expenses	$	58,840	$	50,467
	Accrued interest payable	40,015		29,521
	Intangible liabilities, net(1)	26,223		9,210
	Other liabilities	45,753		52,472
	Accounts payable, accrued expenses and other liabilities	$	170,831	$	141,670
	Explanatory Note:
	_______________________________________________________________________________
	-1	Intangible liabilities, net are primarily related to the acquisition of real estate assets. Accumulated amortization on intangible liabilities was $4.6 million and $2.2 million as of December 31, 2013 and 2012, respectively. The amortization of intangible liabilities increased operating lease income on the Company's Consolidated Statements of Operations by $2.8 million, $1.4 million and $0.6 million for the years ended December 31, 2013, 2012 and 2011, respectively.
	Intangible assets and liabilities—The estimated aggregate amortization costs for each of the five succeeding fiscal years are as follows ($ in thousands):
	2014	$	10,530
	2015	$	7,886
	2016	$	7,122
	2017	$	6,145
	2018	$	4,295

Debt_Obligations_net

Debt Obligations, net	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Debt Obligations, net	'
	Debt Obligations, net
	As of December 31, 2013 and 2012, the Company's debt obligations were as follows ($ in thousands):
		Carrying Value as of December 31,
		2013			2012			Stated			Scheduled
								Interest Rates			Maturity Date
	Secured credit facilities and term loans:
	2012 Tranche A-1 Facility	$	—		$	169,164		LIBOR + 4.00%		-1	—
	2012 Tranche A-2 Facility	431,475			470,000			LIBOR + 5.75%		-1	Mar-17
	October 2012 Secured Credit Facility	—			1,754,466			LIBOR + 4.50%		-2	—
	February 2013 Secured Credit Facility	1,379,407			—			LIBOR + 3.50%		-3	Oct-17
	Term loans collateralized by net lease assets	278,817			264,432			4.851% - 7.26%		-4	Various through 2026
	Total secured credit facilities and term loans	$	2,089,699		$	2,658,062
	Unsecured notes:
	8.625% senior notes	$	—		$	96,801		8.625	%		—
	5.95% senior notes	—			448,453			5.95	%		—
	5.70% senior notes	—			200,601			5.7	%		—
	6.05% senior notes	105,765			105,765			6.05	%		Apr-15
	5.875% senior notes	261,403			261,403			5.875	%		Mar-16
	3.875% senior notes	265,000			—			3.875	%		Jul-16
	3.0% senior convertible notes(5)	200,000			200,000			3	%		Nov-16
	1.50% senior convertible notes(6)	200,000			—			1.5	%		Nov-16
	5.85% senior notes	99,722			99,722			5.85	%		Mar-17
	9.0% senior notes	275,000			275,000			9	%		Jun-17
	7.125% senior notes	300,000			300,000			7.125	%		Feb-18
	4.875% senior notes	300,000			—			4.875	%		Jul-18
	Total unsecured notes	$	2,006,890		$	1,987,745
	Other debt obligations:
	Other debt obligations	$	100,000		$	100,000		LIBOR + 1.50%			Oct-35
	Total debt obligations	$	4,196,589		$	4,745,807
	Debt discounts, net	(38,464		)	(54,313		)
	Total debt obligations, net	$	4,158,125		$	4,691,494
	Explanatory Notes:
	_______________________________________________________________________________
	-1	These loans each have a LIBOR floor of 1.25%. As of December 31, 2013, inclusive of the floor, the 2012 Tranche A-2 Facility loan incurred interest at a rate of 7.00%.
	-2	This loan has a LIBOR floor of 1.25%.
	-3	This loan has a LIBOR floor of 1.00%. As of December 31, 2013, inclusive of the floor, the February 2013 Secured Credit Facility incurred interest at a rate of 4.50%.
	-4	Includes a loan with a floating rate of LIBOR plus 2.00% and a loan with a floating rate of LIBOR plus 2.75%.
	-5	The Company's 3.0% senior convertible fixed rate notes due November 2016 ("3.0% Convertible Notes") are convertible at the option of the holders, into 85.0 shares per $1,000 principal amount of 3.0% Convertible Notes, at any time prior to the close of business on November 14, 2016.
	-6	The Company's 1.50% senior convertible fixed rate notes due November 2016 ("1.50% Convertible Notes") are convertible at the option of the holders, into 57.8 shares per $1,000 principal amount of 1.50% Convertible Notes, at any time prior to the close of business on November 14, 2016.
	Future Scheduled Maturities—As of December 31, 2013, future scheduled maturities of outstanding long-term debt obligations are as follows ($ in thousands):
		Unsecured Debt			Secured Debt			Total
	2014	$	—		$	21,657		$	21,657
	2015	105,765			—			105,765
	2016	926,403			—			926,403
	2017	374,722			1,810,882			2,185,604
	2018	600,000			17,052			617,052
	Thereafter	100,000			240,108			340,108
	Total principal maturities	$	2,106,890		$	2,089,699		$	4,196,589
	Unamortized debt discounts, net	(11,081		)	(27,383		)	(38,464		)
	Total long-term debt obligations, net	$	2,095,809		$	2,062,316		$	4,158,125
	February 2013 Secured Credit Facility—On February 11, 2013, the Company entered into a $1.71 billion senior secured credit facility due October 15, 2017 (the “February 2013 Secured Credit Facility”) that amended and restated its $1.82 billion senior secured credit facility, dated October 15, 2012 (the “October 2012 Secured Credit Facility”). The February 2013 Credit Facility amended the October 2012 Secured Credit Facility by: (i) reducing the interest rate from LIBOR plus 4.50%, with a 1.25% LIBOR floor, to LIBOR plus 3.50%, with a 1.00% LIBOR floor; and (ii) extending the call protection period for the lenders from October 15, 2013 to December 31, 2013.
	Borrowings under the February 2013 Secured Credit Facility are collateralized by a first lien on a fixed pool of assets, with required minimum collateral coverage of not less than 125% of outstanding borrowings. If collateral coverage is less than 137.5% of outstanding borrowings, 100% of the proceeds from principal repayments and sales of collateral will be applied to repay outstanding borrowings under the February 2013 Secured Credit Facility. For so long as collateral coverage is between 137.5% and 150% of outstanding borrowings, 50% of proceeds from principal repayments and sales of collateral will be applied to repay outstanding borrowings under the February 2013 Secured Credit Facility and for so long as collateral coverage is greater than 150% of outstanding borrowings, the Company may retain all proceeds from principal repayments and sales of collateral. The Company retains proceeds from interest, rent, lease payments and fee income in all cases.
	In connection with the February 2013 Secured Credit Facility transaction, the Company incurred $17.1 million of lender fees, of which $14.4 million was capitalized in "Debt Obligations, net" on the Company's Consolidated Balance Sheets and $2.7 million was recorded as a loss in "Gain (loss) on early extinguishment of debt, net" on the Company's Consolidated Statements of Operations as it related to the lenders who did not participate in the new facility. The Company also incurred $3.8 million in third party fees, of which $3.6 million was recognized in “Other expense” on the Company's Consolidated Statements of Operations, as it related primarily to those lenders from the original facility that modified their debt under the new facility, and $0.2 million was recorded in “Deferred expenses and other assets, net” on the Company's Consolidated Balance Sheets, as it related to the new lenders.
	The February 2013 Secured Credit Facility contains certain covenants relating to the collateral, among other matters, but does not contain corporate level financial covenants. For so long as the Company maintains its qualification as a REIT, it is permitted to distribute 100% of its REIT taxable income on an annual basis. In addition, the Company may distribute to its stockholders real estate assets, or interests therein, having an aggregate equity value not to exceed $200 million, that are not collateral securing the borrowings under the February 2013 Secured Credit Facility. Except for the distribution of real estate assets described in the preceding sentence, the Company may not pay common dividends if it ceases to qualify as a REIT.
	Through December 31, 2013, the Company has made cumulative amortization repayments of $327.6 million on the February 2013 Secured Credit Facility bringing the outstanding balance to $1.38 billion. Repayments of the February 2013 Secured Credit Facility prior to the scheduled maturity date have resulted in losses on early extinguishment of debt of $7.0 million for the year ended December 31, 2013 related to the accelerated amortization of discounts and unamortized deferred financing fees on the portion of the facility that was repaid.
	October 2012 Secured Credit Facility—On October 15, 2012, the Company entered into the October 2012 Secured Credit Facility. Proceeds from the October 2012 Secured Credit Facility were used to refinance the remaining outstanding balances of the Company’s then existing 2011 Secured Credit Facilities.
	During the year ended December 31, 2012, in connection with the October 2012 Secured Credit Facility transaction, the Company incurred $14.8 million in third party fees, of which $8.1 million was recognized in “Other expense” on the Company's Consolidated Statements of Operations as it related to the portion of lenders from the original facility that modified their debt under the new facility. The remaining $6.6 million of fees were recorded in “Deferred expenses and other assets, net” on the Company's Consolidated Balance Sheets, as they related to the portion of lenders that were new to the facility.
	The October 2012 Secured Credit Facility was refinanced by the February 2013 Secured Credit Facility. Prior to refinancing, the Company made cumulative amortization repayments of $113.0 million on the October 2012 Secured Credit Facility, which resulted in losses on early extinguishment of debt of $0.8 million and $1.2 million during the year ended December 31, 2013 and 2012, respectively, related to the accelerated amortization of discounts and unamortized deferred financing fees on the portion of the facility that was repaid.
	At the time of the refinancing, the Company had $30.5 million of unamortized discounts and financing fees related to the October 2012 Secured Credit Facility. During the year ended December 31, 2013, in connection with the refinancing, the Company recorded a loss on early extinguishment of debt of $4.9 million, related primarily to the portion of lenders in the original facility that did not participate in the new facility. The remaining $25.6 million of unamortized fees and discounts will continue to be amortized into interest expense over the remaining term of the February 2013 Secured Credit Facility.
	March 2012 Secured Credit Facilities—In March 2012, the Company entered into an $880.0 million senior secured credit agreement providing for two tranches of term loans: a $410.0 million 2012 A-1 tranche due March 2016, which bears interest at a rate of LIBOR + 4.00% (the "2012 Tranche A-1 Facility"), and a $470.0 million 2012 A-2 tranche due March 2017, which bears interest at a rate of LIBOR + 5.75% (the "2012 Tranche A-2 Facility," together the "March 2012 Secured Credit Facilities"). The 2012 A-1 and A-2 tranches were issued at 98.0% of par and 98.5% of par, respectively, and both tranches include a LIBOR floor of 1.25%. Proceeds from the March 2012 Secured Credit Facilities, together with cash on hand, were used to repurchase and repay at maturity $606.7 million aggregate principal amount of the Company's convertible notes due October 2012, to fully repay the $244.0 million balance on the Company's unsecured credit facility due June 2012, and to repay, upon maturity, $90.3 million outstanding principal balance of its 5.50% senior unsecured notes.
	The March 2012 Secured Credit Facilities are collateralized by a first lien on a fixed pool of assets. Proceeds from principal repayments and sales of collateral are applied to amortize the March 2012 Secured Credit Facilities. Proceeds received for interest, rent, lease payments and fee income are retained by the Company. The 2012 Tranche A-1 Facility required amortization payments of $41.0 million to be made every six months beginning December 31, 2012. After the 2012 Tranche A-1 Facility is repaid, proceeds from principal repayments and sales of collateral will be used to amortize the 2012 Tranche A-2 Facility. The Company may make optional prepayments on each tranche of term loans, subject to prepayment fees.
	During the year ended December 31, 2013, the Company repaid the remaining outstanding balance of the 2012 Tranche A-1 Facility. Repayments of the 2012 Tranche A-1 Facility prior to scheduled amortization dates have resulted in losses on early extinguishment of debt of $4.4 million and $8.1 million during the years ended December 31, 2013 and 2012, respectively, related to the accelerated amortization of discounts and unamortized deferred financing fees on the portion of the facility that was repaid.
	Additionally, during the year ended December 31, 2013, the Company made cumulative amortization repayments of $38.5 million on the 2012 Tranche A-2 Facility prior to maturity have resulted in losses on early extinguishment of debt of $1.0 million related to the accelerated amortization of discounts and unamortized deferred financing fees on the portion of the facility that was repaid during the year.
2011 Secured Credit Facilities—In March 2011, the Company entered into a $2.95 billion senior secured credit agreement providing for two tranches of term loans: a $1.50 billion 2011 A-1 tranche due June 2013, bearing interest at a rate of LIBOR + 3.75% (the "2011 Tranche A-1 Facility"), and a $1.45 billion 2011 A-2 tranche due June 2014, bearing interest at a rate of LIBOR + 5.75% (the "2011 Tranche A-2 Facility," together the "2011 Secured Credit Facilities"). The 2011 A-1 and A-2 tranches were issued at 99.0% of par and 98.5% of par, respectively, and both tranches include a LIBOR floor of 1.25%.
The 2011 Secured Credit Facilities were refinanced by the October 2012 Secured Credit Facility. Prior to refinancing, the Company made cumulative amortization repayments of $1.07 billion on the 2011 Secured Credit Facilities, which resulted in losses on early extinguishment of debt of $4.5 million and $12.0 million for the years ended December 31, 2012 and 2011, respectively, related to the accelerated amortization of discounts and unamortized deferred financing fees on the portion of the facility that was repaid.
At the time of the refinancing, the Company had $21.2 million of unamortized discounts and financing fees related to the 2011 Secured Credit Facilities. In connection with the refinancing, the Company recorded a loss on early extinguishment of debt of $12.1 million, related primarily to the portion of lenders in the original facility that did not participate in the new facility. The remaining $9.0 million of unamortized fees and discounts will continue to be amortized to interest expense over the remaining term of the October 2012 Secured Credit Facility.
Secured Term Loans—In October 2012, a consolidated subsidiary of the Company entered into a $28.0 million secured term loan maturing in November 2019, bearing interest at a rate of LIBOR + 2.00%. Simultaneously with the financing, the subsidiary entered into an interest rate swap to exchange its variable rate on the loan for a fixed interest rate (see Note 10).
In September 2012, the Company refinanced two secured term loans with an aggregate outstanding principal balance of $53.3 million, bearing interest at rates of 5.3% and 8.2% and maturing in January 2013 with a new $54.5 million secured term loan. The new loan bears interest at 4.851%, matures in October 2022 and is collateralized by the same net lease asset as the original term loan. In connection with the refinancing, the Company incurred $0.5 million of losses related to a prepayment penalty, which was recorded in "Gain (loss) on early extinguishment of debt, net" on the Company's Consolidated Statements of Operations for the year ended December 31, 2012.
In addition, during the year ended December 31, 2012, in conjunction with the sale of a portfolio of 12 net lease assets, the Company repaid the $50.8 million outstanding balances of its LIBOR + 4.50% secured term loans due in 2014 and terminated the related interest rate swaps associated with the loans (see Note 10).
Unsecured Credit Facility—During the year ended December 31, 2012, the Company repaid the $243.7 million remaining principal balance of its LIBOR + 0.85% unsecured credit facility due June 2012. In connection with the repayments, the Company recorded a loss on early extinguishment of debt of $0.2 million related to the accelerated amortization of discounts and unamortized deferred financing fees on the portion of the facility that was repaid.
Secured Notes—In January 2011, the Company redeemed the $312.3 million remaining principal balance of its 10% 2014 secured exchange notes and recorded a gain on early extinguishment of debt of $109.0 million primarily related to the recognition of deferred gain premiums that resulted from a previous debt exchange.
Unsecured Notes—In November 2013, the Company issued $200.0 million aggregate principal of 1.50% convertible senior unsecured notes due November 2016. Proceeds from the transaction, together with cash on hand, was used to fully repay the remaining $200.6 million of outstanding 5.70% senior unsecured notes due March 2014. In connection with the repayment of the 5.70% senior unsecured notes, the Company incurred $2.8 million of losses related to a prepayment penalty and the accelerated amortization of discounts, which was recorded in "Gain (loss) on early extinguishment of debt, net" on the Company's Consolidated Statements of Operations for the year ended December 31, 2013.
In May 2013, the Company issued $265.0 million aggregate principal of 3.875% senior unsecured notes due July 2016 and issued $300.0 million aggregate principal of 4.875% senior unsecured notes due July 2018. Net proceeds from these transactions, together with cash on hand, were used to fully repay the remaining $96.8 million of outstanding 8.625% senior unsecured notes due June 2013 and the remaining $448.5 million of outstanding 5.95% senior unsecured notes due in October 2013. In connection with the repayment of the 5.95% senior unsecured notes, the Company incurred $9.5 million of losses related to a prepayment penalty and the accelerated amortization of discounts, which was recorded in "Gain (loss) on early extinguishment of debt, net" on the Company's Consolidated Statements of Operations for the year ended December 31, 2013.
In November 2012, the Company issued $300.0 million aggregate principal of 7.125% senior unsecured notes due February 2018 and issued $200.0 million aggregate principal of 3.00% convertible senior unsecured notes due November 2016. Proceeds from these transactions were used to fully repay $67.1 million of the 6.5% senior unsecured notes due December 2013 and partially repay $404.9 million of the 8.625% senior unsecured notes due June 2013. In connection with these repurchases, the Company paid a $14.9 million prepayment penalty which was reflected in "Gain (loss) on early extinguishment of debt, net" on the Company's Consolidated Statements of Operations for the year ended December 31, 2012.
In May 2012, the Company issued $275.0 million aggregate principal of 9.0% senior unsecured notes due June 2017 that were sold at 98.012% of their principal amount.
During the year ended December 31, 2012, the Company repaid, upon maturity, the $460.7 million outstanding principal balance of its LIBOR + 0.50% senior unsecured convertible notes, the $169.7 million outstanding principal balance of its 5.15% senior unsecured notes and the $90.3 million outstanding principal balance of its 5.50% senior unsecured notes. In addition, the Company repurchased $420.4 million par value of senior unsecured notes with various maturities ranging from March 2012 to October 2012. In connection with these repurchases, the Company recorded aggregate gains on early extinguishment of debt of $3.2 million, for the year ended December 31, 2012.
Encumbered/Unencumbered Assets—As of December 31, 2013, the carrying value of the Company's encumbered and unencumbered assets by asset type are as follows ($ in thousands):
	As of December 31,
	2013						2012
	Encumbered Assets			Unencumbered Assets			Encumbered Assets				Unencumbered Assets
Real estate, net	$	1,644,463		$	1,151,718		$	1,640,005			$	1,099,094
Real estate available and held for sale	152,604			207,913			263,842				372,023
Loans receivable, net(1)	860,557			538,752			1,197,403				665,682
Other investments	24,093			183,116			43,545				355,298
Cash and other assets	—			907,995			—				556,207
Total	$	2,681,717		$	2,989,494		$	3,144,795			$	3,048,304
Explanatory Note:
_______________________________________________________________________________
-1	As of December 31, 2013 and 2012, the amounts presented exclude general reserves for loan losses of $29.2 million and $33.1 million, respectively.
Debt Covenants
The Company's outstanding unsecured debt securities contain corporate level covenants that include a covenant to maintain a ratio of unencumbered assets to unsecured indebtedness of at least 1.2x and a restriction on debt incurrence based upon the effect of the debt incurrence on the Company's fixed charge coverage ratio. If any of the Company's covenants are breached and not cured within applicable cure periods, the breach could result in acceleration of its debt securities unless a waiver or modification is agreed upon with the requisite percentage of the bondholders. While the Company expects that its ability to incur new indebtedness under the fixed charge coverage ratio will be limited for the foreseeable future, which may put limitations on its ability to make new investments, it will continue to be permitted to incur indebtedness for the purpose of refinancing existing indebtedness and for other permitted purposes under the indentures.
The Company's March 2012 Secured Credit Facilities and February 2013 Secured Credit Facility are collectively defined as the "Secured Credit Facilities." The Company's Secured Credit Facilities contain certain covenants, including covenants relating to collateral coverage, dividend payments, restrictions on fundamental changes, transactions with affiliates, matters relating to the liens granted to the lenders and the delivery of information to the lenders. In particular, the Company is required to maintain collateral coverage of 1.25x outstanding borrowings. In addition, for so long as the Company maintains its qualification as a REIT, the Secured Credit Facilities permit the Company to distribute 100% of its REIT taxable income on an annual basis and the February 2013 Secured Credit Facility permits the Company to distribute to its shareholders real estate assets, or interests therein, having an aggregate equity value not to exceed $200 million, so long as such assets are not collateral for the February 2013 Secured Credit Facility. The Company may not pay common dividends if it ceases to qualify as a REIT (except that the February 2013 Secured Credit Facility permits the Company to distribute certain real estate assets as described in the preceding sentence).
The Company's Secured Credit Facilities contain cross default provisions that would allow the lenders to declare an event of default and accelerate the Company's indebtedness to them if the Company fails to pay amounts due in respect of its other recourse indebtedness in excess of specified thresholds or if the lenders under such other indebtedness are otherwise permitted to accelerate such indebtedness for any reason. The indentures governing the Company's unsecured public debt securities permit the bondholders to declare an event of default and accelerate the Company's indebtedness to them if the Company's other recourse indebtedness in excess of specified thresholds is not paid at final maturity or if such indebtedness is accelerated.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Unfunded Commitments—The Company generally funds construction and development loans and build-outs of space in net lease assets over a period of time if and when the borrowers and tenants meet established milestones and other performance criteria. The Company refers to these arrangements as Performance-Based Commitments. In addition, the Company sometimes establishes a maximum amount of additional funding which it will make available to a borrower or tenant for an expansion or addition to a project if it approves of the expansion or addition in its sole discretion. The Company refers to these arrangements as Discretionary Fundings. Finally, the Company has committed to invest capital in several real estate funds and other ventures. These arrangements are referred to as Strategic Investments. As of December 31, 2013, the maximum amount of fundings the Company may be required to make under each category, assuming all performance hurdles and milestones are met under the Performance-Based Commitments, that it approves all Discretionary Fundings and that 100% of its capital committed to Strategic Investments is drawn down, are as follows ($ in thousands):
		Loans and Other Lending Investments		Real Estate		Strategic		Total
						Investments
	Performance-Based Commitments	$	19,436	$	53,164	$	—	$	72,600
	Discretionary Fundings	—		—		—		—
	Strategic Investments	—		—		46,591		46,591
	Total	$	19,436	$	53,164	$	46,591	$	119,191
	Other Commitments—Total operating lease expense for the years ended December 31, 2013, 2012 and 2011 were $6.1 million, $6.5 million and $7.2 million, respectively. Future minimum lease obligations under non-cancelable operating leases are as follows ($ in thousands):
	2014	$	5,797
	2015	$	5,287
	2016	$	5,408
	2017	$	5,023
	2018	$	4,179
	Thereafter	$	11,709
	The Company also has issued letters of credit totaling $3.7 million in connection with its investments.
	Legal Proceedings—The Company and/or one or more of its subsidiaries is party to various pending litigation matters that are considered ordinary routine litigation incidental to the Company's business as a finance and investment company focused on the commercial real estate industry, including loan foreclosure and foreclosure-related proceedings.
	On June 4, 2012, the Company reached an agreement in principle with the plaintiffs' Court-appointed representatives in the previously reported Citiline class action to settle the litigation. Settlement payments will be primarily funded by the Company's insurance carriers, with the Company contributing $2.0 million to the settlement, which was included in "Other expense" on the Consolidated Statement of Operations for the year ended December 31, 2012. On April 5, 2013, the Court approved the settlement, entered a Final Judgment and Order of Dismissal With Prejudice and the Citiline Action was concluded.
	The Company evaluates, on a quarterly basis, developments in legal proceedings that could require a liability to be accrued and/or disclosed. Based on its current knowledge, and after consultation with legal counsel, the Company believes it is not a party to, nor are any of its properties the subject of, any pending legal proceeding that would have a material adverse effect on the Company's consolidated financial condition.

Risk_Management_and_Derivative

Risk Management and Derivatives

12 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

'

Risk Management and Derivatives

'

Risk Management and Derivatives

Risk management

In the normal course of its on-going business operations, the Company encounters economic risk. There are three main components of economic risk: interest rate risk, credit risk and market risk. The Company is subject to interest rate risk to the degree that its interest-bearing liabilities mature or reprice at different points in time and potentially at different bases, than its interest-earning assets. Credit risk is the risk of default on the Company's lending investments or leases that result from a borrower's or tenant's inability or unwillingness to make contractually required payments. Market risk reflects changes in the value of loans and other lending investments due to changes in interest rates or other market factors, including the rate of prepayments of principal and the value of the collateral underlying loans, the valuation of real estate assets by the Company as well as changes in foreign currency exchange rates.

Risk concentrations—Concentrations of credit risks arise when a number of borrowers or tenants related to the Company's investments are engaged in similar business activities, or activities in the same geographic region, or have similar economic features that would cause their ability to meet contractual obligations, including those to the Company, to be similarly affected by changes in economic conditions.

Substantially all of the Company's real estate as well as assets collateralizing its loans receivable are located in the United States. As of December 31, 2013, the only state with a concentration greater than 10.0% was California with 15.1%. As of December 31, 2013, the Company's portfolio contains concentrations in the following asset types: land 21.6%, office 15.2%, industrial/R&D 13.5% and entertainment/leisure 10.7%.

The Company underwrites the credit of prospective borrowers and tenants and often requires them to provide some form of credit support such as corporate guarantees, letters of credit and/or cash security deposits. Although the Company's loans and real estate assets are geographically diverse and the borrowers and tenants operate in a variety of industries, to the extent the Company has a significant concentration of interest or operating lease revenues from any single borrower or tenant, the inability of that borrower or tenant to make its payment could have an adverse effect on the Company. As of December 31, 2013, the Company's five largest borrowers or tenants collectively accounted for approximately $99.8 million of the Company's aggregate annualized interest and operating lease revenue, of which no single customer accounts for more than 8%.

Derivatives

The Company's use of derivative financial instruments is primarily limited to the utilization of interest rate swaps, interest rate caps and foreign exchange contracts. The principal objective of such financial instruments is to minimize the risks and/or costs associated with the Company's operating and financial structure and to manage its exposure to interest rates and foreign exchange rates. Derivatives not designated as hedges are not speculative and are used to manage the Company's exposure to interest rate movements, foreign exchange rate movements, and other identified risks, but may not meet the strict hedge accounting requirements.

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of December 31, 2013 and 2012 ($ in thousands):

Derivative Assets as of December 31,

Derivative Liabilities as of December 31,

2013

2012

2013

2012

Derivative

Balance Sheet

Fair

Balance Sheet

Fair

Balance Sheet

Fair

Balance Sheet

Fair

Location

Value

Location

Value

Location

Value

Location

Value

Foreign exchange contracts

Other Assets

$

1,418

N/A

$

—

Other Liabilities

$

1,653

Other Liabilities

$

2,855

Interest rate swap

Other Assets

650

N/A

—

N/A

—

Other Liabilities

580

Interest rate cap

Other Assets

9,107

N/A

—

N/A

—

N/A

—

Total

$

11,175

$

—

$

1,653

$

3,435

The tables below present the effect of the Company's derivative financial instruments on the Consolidated Statements of Operations for the years ended December 31, 2013 and 2012 ($ in thousands):

Derivatives Designated in Hedging Relationships

Location of Gain (Loss)

Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)

Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion)

Amount of Gain (Loss) Recognized in Earnings (Ineffective Portion)

Recognized in Income

For the Year Ended December 31, 2013

Interest rate cap

Interest Expense

$

(1,517

)

$

—

N/A

Interest rate swap

Interest Expense

$

869

$

310

N/A

Foreign exchange contracts

Other Expense

$

393

$

—

N/A

For the Year Ended December 31, 2012

Interest rate swap

Interest Expense

$

(968

)

$

(44

)

N/A

For the Year Ended December 31, 2011

Interest rate swap

Interest Expense

$

(1,553

)

$

(180

)

N/A

Foreign exchange contracts—The Company is exposed to fluctuations in foreign exchange rates on investments it holds in foreign entities. The Company uses foreign exchange contracts to hedge its exposure to changes in foreign exchange rates on its foreign investments. Foreign exchange contracts involve fixing the USD to the respective foreign currency exchange rate for delivery of a specified amount of foreign currency on a specified date. The foreign exchange contracts are typically cash settled in US dollars for their fair value at or close to their settlement date.

For derivatives designated as net investment hedges, the effective portion of changes in the fair value of the derivatives are reported in Accumulated Other Comprehensive Income as part of the cumulative translation adjustment. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. Amounts are reclassified out of Accumulated Other Comprehensive Income into earnings when the hedged net investment is either sold or substantially liquidated. In June 2013, the Company entered into a foreign exchange contract to hedge its exposure in a subsidiary whose functional currency is INR.  As of December 31, 2013, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations that were designated ($ in thousands):

Derivative Type

Notional

Notional

Maturity

Amount

(USD Equivalent)

Sells INR/Buys USD Forward

₨

456,000

$

7,379

Jan-14

For derivatives not designated as net investment hedges, the changes in the fair value of the derivatives are reported in the Consolidated Statements of Operations within other expense. As of December 31, 2013, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations that were not designated ($ in thousands):

Derivative Type

Notional

Notional

Maturity

Amount

(USD Equivalent)

Sells EUR/Buys USD Forward

€

80,500

$

110,696

Jan-14

Sells GBP/Buys USD Forward

£

3,800

$

6,295

Jan-14

Sells CAD/Buys USD Forward

C$

41,500

$

39,036

Jan-14

Amount of Gain or (Loss)

Recognized in Income

Location of Gain or

For the Years Ended December 31,

(Loss) Recognized in

Derivatives not Designated in Hedging Relationships

Income

2013

2012

2011

Foreign Exchange Contracts

Other Expense

$

880

$

(8,920

)

$

17,406

The Company marks its foreign investments to market each quarter based on current exchange rates and records the gain or loss through “Other expense” on its Consolidated Statements of Operations for loan investments or “Accumulated other comprehensive income (loss),” on its Consolidated Balance Sheets for net investments in foreign subsidiaries. During the years ended December 31, 2013, 2012 and 2011, the Company recorded net losses related to foreign investments of $2.0 million, $0.7 million and $2.3 million, in its Consolidated Statements of Operations.

Qualifying cash flow hedges—In August 2013, the Company entered into an interest rate cap agreement to reduce exposure to expected increases in future interest rates and the resulting payments associated with variable interest rate debt. In October 2012, the Company entered into an interest rate swap to convert its variable rate debt to fixed rate on a $28.0 million secured term loan maturing in 2019. The following table presents the Company's qualifying cash flow hedges outstanding as of year ended December 31, 2013 ($ in thousands).

Derivative Type

Notional

Variable Rate

Fixed Rate

Effective Date

Maturity

Amount

Interest Rate Cap

$

500,000

LIBOR

1.00%

Jul-14

Jul-17

Interest Rate Swap

$

27,958

LIBOR + 2.00%

3.47%

Oct-12

Nov-19

During the year ended December 31, 2012, the Company terminated its previously outstanding interest rate swaps in conjunction with the early repayment of its secured term loans (see also Note 8).

Over the next 12 months, the Company expects that $0.4 million will be reclassified to interest expense from cash flow hedges and $0.4 million will be reclassified to income related to terminated cash flow hedges from "Accumulated other comprehensive income (loss)" into earnings.

Credit risk-related contingent features—The Company has agreements with each of its derivative counterparties that contain a provision where if the Company either defaults or is capable of being declared in default on any of its indebtedness, then the Company could also be declared in default on its derivative obligations.

In connection with its foreign currency derivatives, as of December 31, 2013 and December 31, 2012, the Company has posted collateral of $7.2 million and $9.6 million, respectively, which is included in "Restricted cash" on the Company's Consolidated Balance Sheets.

Equity

Equity	12 Months Ended
	Dec. 31, 2013
Equity [Abstract]	'
Equity	'
	Equity
	The Company's charter provides for the issuance of up to 200.0 million shares of Common Stock, par value $0.001 per share and 30.0 million shares of preferred stock. As of December 31, 2013, 144.3 million common shares were issued and 83.7 million common shares were outstanding.
	Preferred Stock—The Company had the following series of Cumulative Redeemable Preferred Stock outstanding:
	For the Year Ended December 31, 2013
								Cumulative Preferential Cash
								Dividends(1)(2)
	Series		Shares Issued and		Par Value			Liquidation Preference	Rate per Annum		Equivalent to
			Outstanding								Fixed Annual
			(in thousands)								Rate (per share)
	D		4,000		$	0.001		$25.00	8	%	$	2
	E		5,600		$	0.001		$25.00	7.875	%	$	1.97
	F		4,000		$	0.001		$25.00	7.8	%	$	1.95
	G		3,200		$	0.001		$25.00	7.65	%	$	1.91
	I		5,000		$	0.001		$25.00	7.5	%	$	1.88
	J		4,000		$	0.001		$50.00	4.5	%	$	2.25
			25,800
	For the Year Ended December 31, 2012
								Cumulative Preferential Cash
								Dividends(1)(2)
	Series		Shares Issued and		Par Value			Liquidation Preference	Rate per Annum		Equivalent to
			Outstanding								Fixed Annual
			(in thousands)								Rate (per share)
	D		4,000		$	0.001		$25.00	8	%	$	2
	E		5,600		$	0.001		$25.00	7.875	%	$	1.97
	F		4,000		$	0.001		$25.00	7.8	%	$	1.95
	G		3,200		$	0.001		$25.00	7.65	%	$	1.91
	I		5,000		$	0.001		$25.00	7.5	%	$	1.88
			21,800
	Explanatory Notes:
	_______________________________________________________________________________
	-1	Holders of shares of the Series D, E, F, G, I and J preferred stock are entitled to receive dividends, when and as declared by the Board of Directors, out of funds legally available for the payment of dividends. Dividends are cumulative from the date of original issue and are payable quarterly in arrears on or before the 15th day of each March, June, September and December or, if not a business day, the next succeeding business day. Any dividend payable on the preferred stock for any partial dividend period will be computed on the basis of a 360-day year consisting of twelve 30-day months. Dividends will be payable to holders of record as of the close of business on the first day of the calendar month in which the applicable dividend payment date falls or on another date designated by the Board of Directors of the Company for the payment of dividends that is not more than 30 nor less than 10 days prior to the dividend payment date.
	-2	The Company declared and paid dividends of $8.0 million, $11.0 million, $7.8 million, $6.1 million and $9.4 million on its Series D, E, F, G and I preferred stock, respectively, during each of the years ended December 31, 2013 and 2012. The Company also declared and paid dividends of $6.7 million on its Series J preferred stock during the year ended December 31, 2013. All of the dividends qualified as return of capital for tax reporting purposes. There are no dividend arrearages on any of the preferred shares currently outstanding.
	In March 2013, the Company completed a public offering of $200.0 million of its 4.5% Series J Cumulative Convertible Perpetual Preferred Stock, having a liquidation preference of $50.00 per share. Each share of the Series J Preferred Stock is convertible at the holder's option at any time, initially into 3.9087 shares of the Company's common stock (equal to an initial conversion price of approximately $12.79 per share), subject to specified adjustments. The Company may not redeem the Series J Preferred Stock prior to March 15, 2018. On or after March 15, 2018, the Company may, at its option, redeem the Series J Preferred Stock, in whole or in part, at any time and from time to time, for cash at a redemption price equal to 100% of the liquidation preference of $50.00 per share, plus accrued and unpaid dividends, if any, to the redemption date.
	The Series D, E, F, G and I Cumulative Redeemable Preferred Stock are redeemable without premium at the option of the Company at their respective liquidation preferences.
	High Performance Unit Program
	In May 2002, the Company's shareholders approved the iStar Financial High Performance Unit ("HPU") Program. The program entitled employee participants ("HPU Holders") to receive distributions if the total rate of return on the Company's Common Stock (share price appreciation plus dividends) exceeded certain performance thresholds over a specified valuation period. The Company established seven HPU plans that had valuation periods ending between 2002 and 2008 and the Company has not established any new HPU plans since 2005. HPU Holders purchased interests in the High Performance Common Stock for an aggregate initial purchase price of $9.8 million. The remaining four plans that had valuation periods which ended in 2005, 2006, 2007 and 2008, did not meet their required performance thresholds, none of the plans were funded and the Company redeemed the participants' units.
	The 2002, 2003 and 2004 plans all exceeded their performance thresholds and are entitled to receive distributions equivalent to the amount of dividends payable on 819,254 shares, 987,149 shares and 1,031,875 shares, respectively, of the Company's Common Stock as and when such dividends are paid on the Company's Common Stock. Each of these three plans has 5,000 shares of High Performance Common Stock associated with it, which is recorded as a separate class of stock within shareholders' equity on the Company's Consolidated Balance Sheets. High Performance Common Stock carries 0.25 votes per share. Net income allocable to common shareholders is reduced by the HPU holders' share of earnings.
	Dividends—In order to maintain its election to qualify as a REIT, the Company must currently distribute, at a minimum, an amount equal to 90% of its taxable income, excluding net capital gains, and must distribute 100% of its taxable income (including net capital gains) to avoid paying corporate federal income taxes. The Company has recorded net operating losses and may record net operating losses in the future, which may reduce its taxable income in future periods and lower or eliminate entirely the Company's obligation to pay dividends for such periods in order to maintain its REIT qualification. As of December 31, 2012, the Company had $634.2 million of net operating loss carryforwards at the corporate REIT level that can generally be used to offset both ordinary and capital taxable income in future years and will expire through 2032 if unused. The amount net of operating loss carryforwards as of December 31, 2013 will be subject to finalization of the 2013 tax returns. Because taxable income differs from cash flow from operations due to non-cash revenues and expenses (such as depreciation and certain asset impairments), in certain circumstances, the Company may generate operating cash flow in excess of its dividends or, alternatively, may need to make dividend payments in excess of operating cash flows. The Company's 2013 and 2012 Secured Credit Facilities permit the Company to distribute 100% of its REIT taxable income on an annual basis, for so long as the Company maintains its qualification as a REIT. The 2013 and 2012 Secured Credit Facilities restrict the Company from paying any common dividends if it ceases to qualify as a REIT. The Company did not declare or pay any Common Stock dividends for the years ended December 31, 2013 and 2012.
	Stock Repurchase Programs—On May 15, 2012, the Company's Board of Directors approved a stock repurchase program that authorized the repurchase of up to $20.0 million of its Common Stock from time to time in open market and privately negotiated purchases, including pursuant to one or more trading plans. In September 2013, the Company's Board of Directors approved an increase in the repurchase limit to $50.0 million from the $16.0 million that remained from the previously approved program.
	During the year ended December 31, 2013, the Company repurchased 1.7 million shares of its outstanding Common Stock for approximately $21.0 million, at an average cost of $12.35 per share. During the year ended December 31, 2012, the Company repurchased 0.8 million shares of its outstanding Common Stock for approximately $4.6 million, at an average cost of $5.69 per share. As of December 31, 2013, the Company had remaining authorization to repurchase up to $29.0 million of Common Stock out of the $50.0 million authorized by its Board in 2013.
	Accumulated Other Comprehensive Income (Loss)—"Accumulated other comprehensive income (loss)" reflected in the Company's shareholders' equity is comprised of the following ($ in thousands):
		As of December 31,
		2013			2012
	Unrealized gains (losses) on available-for-sale securities	$	(294	)	$	867
	Unrealized gains on cash flow hedges	662			607
	Unrealized losses on cumulative translation adjustment	(4,644		)	(2,659		)
	Accumulated other comprehensive income (loss)	$	(4,276	)	$	(1,185	)

StockBased_Compensation_Plans_

Stock-Based Compensation Plans and Employee Benefits	12 Months Ended
	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock-Based Compensation Plans and Employee Benefits	'
	Stock-Based Compensation Plans and Employee Benefits
	On May 27, 2009, the Company's shareholders approved the Company's 2009 Long-Term Incentive Plan (the "2009 LTIP") which is designed to provide incentive compensation for officers, key employees, directors and advisors of the Company. The 2009 LTIP provides for awards of stock options, shares of restricted stock, phantom shares, restricted stock units, dividend equivalent rights and other share-based performance awards. A maximum of 8,000,000 shares of Common Stock may be awarded under the 2009 LTIP, plus up to an additional 500,000 shares to the extent that a corresponding number of equity awards previously granted under the Company's 1996 Long-Term Incentive Plan expire or are canceled or forfeited. All awards under the 2009 LTIP are made at the discretion of the Board of Directors or a committee of the Board of Directors.
	The Company's 2006 Long-Term Incentive Plan (the "2006 LTIP") is designed to provide equity-based incentive compensation for officers, key employees, directors, consultants and advisors of the Company. The 2006 LTIP provides for awards of stock options, shares of restricted stock, phantom shares, dividend equivalent rights and other share-based performance awards. A maximum of 4,550,000 shares of Common Stock may be subject to awards under the 2006 LTIP provided that the number of shares of Common Stock reserved for grants of options designated as incentive stock options is 1.0 million, subject to certain anti-dilution provisions in the 2006 LTIP. All awards under this Plan are at the discretion of the Board of Directors or a committee of the Board of Directors.
	The Company's 2007 Incentive Compensation Plan ("Incentive Plan") was approved and adopted by the Board of Directors in 2007 in order to establish performance goals for selected officers and other key employees and to determine bonuses that will be awarded to those officers and other key employees based on the extent to which they achieve those performance goals. Equity-based awards may be made under the Incentive Plan, subject to the terms of the Company's equity incentive plans.
	As of December 31, 2013, an aggregate of 4.0 million shares remain available for issuance pursuant to future awards under the Company's 2006 and 2009 Long-Term Incentive Plans.
	Stock-based Compensation—The Company recorded stock-based compensation expense of $19.3 million, $15.3 million and $29.7 million for the years ended December 31, 2013, 2012 and 2011, respectively, in "General and administrative" on the Company's Consolidated Statements of Operations. As of December 31, 2013, there was $4.3 million of total unrecognized compensation cost related to all unvested restricted stock units that are expected to be recognized over a weighted average remaining vesting/service period of 0.34 years. As of December 31, 2013, approximately $5.2 million of stock-based compensation was included in "Accounts payable, accrued expenses and other liabilities" on the Company's Consolidated Balance Sheets.
	Restricted Stock Units
	Changes in non-vested restricted stock units during the year ended December 31, 2013 were as follows ($ in thousands, except per share amounts):
			Number		Weighted Average		Aggregate
			of Shares		Grant Date		Intrinsic
					Fair Value		Value
					Per Share
	Non-vested at December 31, 2012		5,276		$	5.24	$	43,000
	Granted		795		$	11.88
	Vested		(3,271	)	$	6.33
	Forfeited		(21	)	$	4.94
	Non-vested at December 31, 2013		2,779		$	5.85	$	39,659
	The total fair value of restricted stock units vested during the years ended December 31, 2013, 2012 and 2011 was $31.6 million, $29.1 million and $15.5 million, respectively.
	2013 Activity—During the year ended December 31, 2013, 3,271,272 restricted stock units vested, resulting in the issuance of 1,678,961 shares of Common Stock to employees, net of statutory minimum required tax withholdings. These vested restricted stock units were primarily comprised of (a) 1,719,304 Amended Units which vested in January 2013 (see below), (b) 185,720 service-based restricted stock units granted to employees in February 2011 that cliff vested in February 2013, (c) 164,685 of annual incentive restricted shares granted to employees and vested in February 2013 (see below), (d) 313,334 service-based restricted stock units granted to employees in March 2011 that cliff vested in March 2013, (e) 600,000 service-based restricted stock units granted to the Company's Chairman and Chief Executive Officer in October 2011 that vested in June 2013, and (f) 195,588 performance based restricted stock units granted to employees in February 2013 that vested in December 2013 (see below).
	During the year ended December 31, 2013, the Company made stock-based compensation awards to certain employees in the form of annual incentive awards and long-term incentive awards:
	Effective February 1, 2013, the Company granted 164,685 shares of our Common Stock in connection with annual incentive awards. The shares are fully-vested and were issued to certain employees, net of statutory minimum required tax withholdings. The employees are restricted from selling these shares for up to two years from the date of grant.
	Effective February 1, 2013, the Company also granted service-based restricted stock units, or Units, representing the right to receive an equivalent number of shares of our Common Stock (after deducting shares for minimum required statutory withholdings) if and when the Units vest. The Units will cliff vest in one installment three years from the grant date, if the employee remains employed by the Company on the vesting date, subject to certain accelerated vesting rights. Dividends will accrue but will not be paid unless and until the Units vest and are settled. As of December 31, 2013, 196,902 units were outstanding.
	Effective February 1, 2013, the Company also granted performance-based Units based on the Company's total shareholder return, or TSR, measured over the one-year and two-year performance periods ending on the vesting dates, respectively. Vesting will range from 0% to 200% of the target amount of the awards, depending on the Company's TSR performance relative to the NAREIT All REITs Index (one-half of the target amount of the award) and the Russell 2000 Index (one-half of the target amount of the award). The Company and any companies not included in the index at the beginning and end of the performance period are excluded from calculation of the performance of such index. To the extent Units vest based on the Company's TSR performance, holders will receive an equivalent number of shares of our Common Stock (after deducting shares for minimum required statutory withholdings), if the employee remains employed by the Company on the vesting date, subject to certain accelerated vesting rights. Dividends will accrue but will not be paid unless and until the Units vest and are settled. The fair values of the performance-based Units, were determined by utilizing a Monte Carlo model to simulate a range of possible future stock prices for the Company's Common Stock. The assumptions used to estimate the fair value of these performance-based awards were 0.26% for risk-free interest rate and 50.44% for expected stock price volatility. As of December 31, 2013, 195,547 units measured over the two-year performance period with a vesting date on December 31, 2014 were outstanding. The units measured over the one-year performance period vested, and met the 200% target amount of the original awards, and 195,588 shares were issued.
	As of December 31, 2013, the Company had the following additional restricted stock awards outstanding:
	•	600,000 service-based restricted stock units granted to the Company's Chairman and Chief Executive Officer that will vest on June 15, 2014. Upon vesting of these units, the holder will receive shares of the Company's Common Stock in the amount of the vested units, net of statutory minimum required tax withholdings. These awards carry dividend equivalent rights that entitle the holder to receive dividend payments prior to vesting, if and when dividends are paid on shares of the Company's Common Stock.
	•	1,696,053 restricted stock units originally granted to executives and other officers of the Company on December 19, 2008 (the "Original Units") and subsequently modified in July 2011 (the "Amended Units"). The number of Amended Units is equal to 75% of the Original Units granted to an employee less, in the case of each executive level employee, the number of restricted stock units granted to the executive in March 2011. The remaining Amended Units will vest on January 1, 2014, so long as the employee remains employed by the Company on the vesting dates, subject to certain accelerated vesting rights in the event of termination of employment without cause. Upon vesting of these units, holders will receive shares of the Company's Common Stock in the amount of the vested units, net of statutory minimum required tax withholdings. These awards carry dividend equivalent rights that entitle the holders to receive dividend payments prior to vesting, if and when dividends are paid on shares of the Company's Common Stock. The fair values of the market-condition based restricted stock units, were determined by utilizing a Monte Carlo model to simulate a range of possible future stock prices for the Company's Common Stock. The assumptions used to estimate the fair value of these market-condition based awards were 0.092% for risk-free interest rate and 57.75% for expected stock price volatility. The modified December 19, 2008 market-condition based restricted stock units were measured on July 1, 2011, the date the Company's Board of Directors' approved the modification of the award.
	•	90,666 service-based restricted stock units granted to employees with an original vesting term of three years. Upon vesting of these units, holders will receive shares of the Company's Common Stock in the amount of the vested units, net of statutory minimum required tax withholdings. These awards carry dividend equivalent rights that entitle the holders to receive dividend payments prior to vesting, if and when dividends are paid on shares of the Company's Common Stock.
	Directors' Awards—Non-employee directors are awarded common stock equivalents ("CSEs") or restricted shares at the time of the annual shareholders' meeting in consideration for their services on the Company's Board of Directors. The CSEs and restricted shares generally vest at the time of the next annual shareholders meeting and pay dividends in an amount equal to the dividends paid on an equivalent number of shares of the Company's Common Stock from the date of grant, as and when dividends are paid on the Common Stock.
	During the year ended December 31, 2013, the Company awarded to Directors 33,474 CSEs and restricted shares at a fair value per share of $12.30 at the time of grant. These CSEs and restricted shares have a one year vesting period and pay dividends in an amount equal to the dividends paid on the equivalent number of shares of the Company's Common Stock from the date of grant, as and when dividends are paid on Common Stock. In addition, during the year ended December 31, 2013, the Company issued 51,091 shares to a former director in settlement of previously vested CSE awards. As of December 31, 2013, there were 367,134 CSEs and restricted shares granted to members of the Company's Board of Directors that remained outstanding with an aggregate intrinsic value of $5.2 million.
	401(k) Plan—The Company has a savings and retirement plan (the "401(k) Plan"), which is a voluntary, defined contribution plan. All employees are eligible to participate in the 401(k) Plan following completion of three months of continuous service with the Company. Each participant may contribute on a pretax basis up to the maximum percentage of compensation and dollar amount permissible under Section 402(g) of the Internal Revenue Code not to exceed the limits of Code Sections 401(k), 404 and 415. At the discretion of the Board of Directors, the Company may make matching contributions on the participant's behalf of up to 50% of the first 10% of the participant's annual compensation. The Company made gross contributions of approximately $0.9 million, $0.9 million and $0.9 million for each of the years ended December 31, 2013, 2012 and 2011, respectively.

Earnings_Per_Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	Earnings Per Share
	EPS is calculated using the two-class method, which allocates earnings among common stock and participating securities to calculate EPS when an entity's capital structure includes either two or more classes of common stock or common stock and participating securities. HPU holders are current and former Company employees who purchased high performance common stock units under the Company's High Performance Unit (HPU) Program (see Note 11). These HPU units are treated as a separate class of common stock.
	The following table presents a reconciliation of income (loss) from continuing operations used in the basic and diluted earnings per share calculations ($ in thousands, except for per share data):
			For the Years Ended December 31,
			2013				2012				2011
	Income (loss) from continuing operations		$	(220,768	)		$	(314,678	)		$	(51,010	)
	Net (income) loss attributable to noncontrolling interests		(718		)		1,500				3,629
	Income from sales of residential property		86,658				63,472				5,721
	Preferred dividends		(49,020		)		(42,320		)		(42,320		)
	Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders, HPU holders and Participating Security Holders		$	(183,848	)		$	(292,026	)		$	(83,980	)
		For the Years Ended December 31,
		2013				2012				2011
	Earnings allocable to common shares:
	Numerator for basic and diluted earnings per share:
	Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders	$	(177,907	)		$	(282,452	)		$	(81,375	)
	Income (loss) from discontinued operations	623				(16,908		)		(5,343		)
	Gain from discontinued operations	21,515				26,363				24,331
	Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders	$	(155,769	)		$	(272,997	)		$	(62,387	)
	Denominator for basic and diluted earnings per share:
	Weighted average common shares outstanding for basic and diluted earnings per common share	84,990				83,742				88,688
	Basic and diluted earnings per common share:
	Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders	$	(2.09	)		$	(3.37	)		$	(0.91	)
	Income (loss) from discontinued operations	0.01				(0.20		)		(0.06		)
	Gain from discontinued operations	0.25				0.31				0.27
	Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders	$	(1.83	)		$	(3.26	)		$	(0.70	)
		For the Years Ended December 31,
		2013				2012				2011
	Earnings allocable to High Performance Units:
	Numerator for basic and diluted earnings per HPU share:
	Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders	$	(5,941	)		$	(9,574	)		$	(2,605	)
	Income (loss) from discontinued operations	21				(573		)		(171		)
	Gain from discontinued operations	718				894				779
	Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders	$	(5,202	)		$	(9,253	)		$	(1,997	)
	Denominator for basic and diluted earnings per HPU share:
	Weighted average High Performance Units outstanding for basic and diluted earnings per share	15				15				15
	Basic and diluted earnings per HPU share:
	Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders	$	(396.07	)		$	(638.27	)		$	(173.66	)
	Income (loss) from discontinued operations	1.4				(38.20		)		(11.40		)
	Gain from discontinued operations	47.87				59.6				51.93
	Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders	$	(346.80	)		$	(616.87	)		$	(133.13	)
	For the years ended December 31, 2013, 2012 and 2011 the following shares were anti-dilutive ($ in thousands):
		For the Years Ended December 31,
		2013			2012			2011
	Joint venture shares	298			298			298
	Stock options	—			—			44
	3.00% convertible senior unsecured notes	16,992			—			—
	Series J convertible perpetual preferred stock	15,635			—			—
	1.50% convertible senior unsecured notes	11,567			—			—

Fair_Values

Fair Values	12 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Fair Values	'
	Fair Values
	Fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The following fair value hierarchy prioritizes the inputs to be used in valuation techniques to measure fair value:
	Level 1:    Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
	Level 2:    Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and
	Level 3:    Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity).
	Certain of the Company's assets and liabilities are recorded at fair value either on a recurring or non-recurring basis. Assets required to be marked-to-market and reported at fair value every reporting period are classified as being valued on a recurring basis. Assets not required to be recorded at fair value every period may be recorded at fair value if a specific provision or other impairment is recorded within the period to mark the carrying value of the asset to market as of the reporting date. Such assets are classified as being valued on a non-recurring basis.
	The following fair value hierarchy table summarizes the Company's assets and liabilities recorded at fair value on a recurring and non-recurring basis by the above categories ($ in thousands):
				Fair Value Using
		Total		Quoted market		Significant other		Significant
				prices in		observable		unobservable
				active markets		inputs		inputs
				(Level 1)		(Level 2)		(Level 3)
	As of December 31, 2013
	Recurring basis:
	Derivative assets	$	11,175	$	—	$	11,175	$	—
	Derivative liabilities	$	1,653	$	—	$	1,653	$	—
	Non-recurring basis:
	Impaired loans(1)	$	115,423	$	—	$	—	$	115,423
	Impaired real estate(2)	$	35,680	$	—	$	5,744	$	29,936
	As of December 31, 2012
	Recurring basis:
	Derivative liabilities	$	3,435	$	—	$	3,435	$	—
	Non-recurring basis:
	Impaired loans	$	57,201	$	—	$	—	$	57,201
	Impaired real estate	$	31,597	$	—	$	7,649	$	23,948
	Explanatory Notes:
	_______________________________________________________________________________
	-1	The Company recorded a recovery of loan losses on one loan with a fair value of $55.5 million based on the loan's remaining loan term of 2.6 years and interest rate of 4.7% using discounted cash flow analysis. In addition, the Company recorded a recovery of loan losses on one loan with a fair value of $53.6 million based upon a letter of intent executed by the borrower as well as recorded an impairment on one loan with a fair value of $6.3 million based upon a settlement agreement executed by the borrower.
	-2	The Company recorded the fair value of two impaired real estate assets with a total fair value of $29.9 million based on a discount rate of 13.0%, average annual rent growth of 4.0% and remaining inventory sell out period with a range of 3.5 to 4.6 years using discounted cash flows.
	Fair values of financial instruments—The Company's estimated fair values of its loans receivable and other lending investments and debt obligations were $1.4 billion and $4.5 billion, respectively, as of December 31, 2013 and $1.9 billion and $4.9 billion, respectively, as of December 31, 2012. The Company determined that the significant inputs used to value its loans receivable and other lending investments and debt obligations fall within Level 3 of the fair value hierarchy. The carrying value of other financial instruments including cash and cash equivalents, restricted cash, accrued interest receivable and accounts payable, approximate the fair values of the instruments. Cash and cash equivalents and restricted cash values are considered Level 1 on the fair value hierarchy. The fair value of other financial instruments, including derivative assets and liabilities, are included in the fair value hierarchy table above.
	Given the nature of certain assets and liabilities, clearly determinable market based valuation inputs are often not available, therefore, these assets and liabilities are valued using internal valuation techniques. Subjectivity exists with respect to these internal valuation techniques, therefore, the fair values disclosed may not ultimately be realized by the Company if the assets were sold or the liabilities were settled with third parties. The methods the Company used to estimate the fair values presented in the three tables above are described more fully below for each type of asset and liability.
	Derivatives—The Company uses interest rate swaps, interest rate caps and foreign exchange contracts to manage its interest rate and foreign currency risk. The valuation of these instruments is determined using discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, foreign exchange rates, and implied volatilities. The Company incorporates credit valuation adjustments to appropriately reflect both its own non-performance risk and the respective counterparty's non-performance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of non-performance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees. In addition, upon adoption of ASU 2011-04, the Company made an accounting policy election to measure derivative financial instruments subject to master netting agreements on a net basis. The Company has determined that the significant inputs used to value its derivatives fall within Level 2 of the fair value hierarchy.
	Impaired loans—The Company's loans identified as being impaired are nearly all collateral dependent loans and are evaluated for impairment by comparing the estimated fair value of the underlying collateral, less costs to sell, to the carrying value of each loan. Due to the nature of the individual properties collateralizing the Company's loans, the Company generally uses a discounted cash flow methodology through internally developed valuation models to estimate the fair value of the collateral. This approach requires the Company to make judgments in respect to significant unobservable inputs, which may include discount rates, capitalization rates and the timing and amounts of estimated future cash flows. For income producing properties, cash flows generally include property revenues, operating costs and capital expenditures that are based on current observable market rates and estimates for market rate growth and occupancy levels. For other real estate, cash flows may include lot and unit sales that are based on current observable market rates and estimates for annual revenue growth, operating costs and costs of completion and the remaining inventory sell out periods. The Company will also consider market comparables if available. In more limited cases, the Company obtains external "as is" appraisals for loan collateral, generally when third party participations exist, and appraised values may be discounted when real estate markets rapidly deteriorate. The Company has determined that significant inputs used in its internal valuation models and appraisals fall within Level 3 of the fair value hierarchy.
	Impaired real estate—If the Company determines a real estate asset available and held for sale is impaired, it records an impairment charge to adjust the asset to its estimated fair market value less costs to sell. Due to the nature of individual real estate properties, the Company generally uses a discounted cash flow methodology through internally developed valuation models to estimate the fair value of the assets. This approach requires the Company to make judgments with respect to significant unobservable inputs, which may include discount rates, capitalization rates and the timing and amounts of estimated future cash flows. For income producing properties, cash flows generally include property revenues, operating costs and capital expenditures that are based on current observable market rates and estimates for market rate growth and occupancy levels. For other real estate, cash flows may include lot and unit sales that are based on current observable market rates and estimates for annual market rate growth, operating costs and costs of completion and the remaining inventory sell out periods. The Company will also consider market comparables if available. In more limited cases, the Company obtains external "as is" appraisals for real estate assets and appraised values may be discounted when real estate markets rapidly deteriorate. The Company has determined that significant inputs used in its internal valuation models and appraisals fall within Level 3 of the fair value hierarchy. Additionally, in certain cases, if the Company is under contract to sell an asset, it will mark the asset to the contracted sales price less costs to sell. The Company considers this to be a Level 2 input under the fair value hierarchy.
	Loans receivable and other lending investments—The Company estimates the fair value of its performing loans and other lending investments using a discounted cash flow methodology. This method discounts estimated future cash flows using rates management determines best reflect current market interest rates that would be offered for loans with similar characteristics and credit quality. The Company determined that the significant inputs used to value its loans and other lending investments fall within Level 3 of the fair value hierarchy. For certain lending investments, the Company uses market quotes, to the extent they are available, or broker quotes that fall within Level 2 of the fair value hierarchy.
	Debt obligations, net—For debt obligations traded in secondary markets, the Company uses market quotes, to the extent they are available, to determine fair value. For debt obligations not traded in secondary markets, the Company determines fair value using a discounted cash flow methodology, whereby contractual cash flows are discounted at rates that management determines best reflect current market interest rates that would be charged for debt with similar characteristics and credit quality. The Company has determined that the inputs used to value its debt obligations under the discounted cash flow methodology fall within Level 3 of the fair value hierarchy.

Segment_Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Segment Reporting	'
	Segment Reporting
	The Company has determined that it has four reportable segments based on how management reviews and manages its business. These reportable segments include: Real Estate Finance, Net Lease, Operating Properties and Land. The Real Estate Finance segment includes all of the Company's activities related to senior and mezzanine real estate loans and real estate related securities. The Net Lease segment includes all of the Company's activities related to the ownership and leasing of corporate facilities. The Operating Properties segment includes all of the Company's activities and operations related to its commercial and residential properties. The Land segment includes the Company's activities related to its developable land portfolio.
	The Company evaluates performance based on the following financial measures for each segment. The Company's segment information is as follows ($ in thousands):
		Real Estate Finance			Net Lease			Operating Properties			Land			Corporate/Other(1)			Company Total
	For the Year Ended December 31, 2013
	Operating lease income	$	—		$	147,313		$	86,352		$	902		$	—		$	234,567
	Interest income	108,015			—			—			—			—			108,015
	Other income	4,748			250			38,164			1,474			3,572			48,208
	Total revenue	$	112,763		$	147,563		$	124,516		$	2,376		$	3,572		$	390,790
	Earnings (loss) from equity method investments	—			2,699			5,546			(5,331		)	38,606			41,520
	Income from sales of residential property	—			—			82,603			4,055			—			86,658
	Net operating income from discontinued operations(2)	—			1,484			1,251			—			—			2,735
	Gain from discontinued operations	—			3,395			18,838			—			—			22,233
	Revenue and other earnings	$	112,763		$	155,141		$	232,754		$	1,100		$	42,178		$	543,936
	Real estate expense	—			(22,565		)	(101,044		)	(33,832		)	—			(157,441		)
	Other expense	(1,625		)	—			—			—			(6,425		)	(8,050		)
	Allocated interest expense(2)	(74,377		)	(80,034		)	(49,114		)	(30,368		)	(32,332		)	(266,225		)
	Allocated general and administrative(3)	(13,186		)	(14,330		)	(9,189		)	(12,365		)	(23,783		)	(72,853		)
	Segment profit (loss)(4)	$	23,575		$	38,212		$	73,407		$	(75,465	)	$	(20,362	)	$	39,367
	Other significant non-cash items:
	Provision for loan losses	$	5,489		$	—		$	—		$	—		$	—		$	5,489
	Impairment of assets(2)	$	—		$	1,176		$	12,449		$	728		$	—		$	14,353
	Loss on transfer of interest to unconsolidated subsidiary	$	—		$	—		$	—		$	7,373		$	—		$	7,373
	Depreciation and amortization(2)	$	—		$	38,582		$	30,599		$	1,105		$	1,244		$	71,530
	Capitalized expenditures	$	—		$	34,076		$	41,131		$	36,346		$	—		$	111,553
	As of December 31, 2013
	Real estate
	Real estate, at cost	$	—		$	1,696,888		$	720,508		$	803,238		$	—		$	3,220,634
	Less: accumulated depreciation	—			(338,640		)	(82,420		)	(3,393		)	—			(424,453		)
	Real estate, net	$	—		$	1,358,248		$	638,088		$	799,845		$	—		$	2,796,181
	Real estate available and held for sale	—			—			228,328			132,189			—			360,517
	Total real estate	$	—		$	1,358,248		$	866,416		$	932,034		$	—		$	3,156,698
	Loans receivable and other lending investments, net	1,370,109			—			—			—			—			1,370,109
	Other investments	—			16,408			16,032			29,765			145,004			207,209
	Total portfolio assets	$	1,370,109		$	1,374,656		$	882,448		$	961,799		$	145,004		$	4,734,016
	Cash and other assets																907,995
	Total assets																$	5,642,011
		Real Estate Finance			Net Lease			Operating Properties			Land			Corporate/Other(1)			Company Total
	For the Year Ended December 31, 2012(5)
	Operating lease income	$	—		$	149,058		$	65,706		$	1,527		$	—		$	216,291
	Interest income	133,410			—			—			—			—			133,410
	Other income	8,613			—			32,615			2,635			3,975			47,838
	Total revenue	$	142,023		$	149,058		$	98,321		$	4,162		$	3,975		$	397,539
	Earnings (loss) from equity method investments	—			2,632			25,142			(6,138		)	81,373			103,009
	Income from sales of residential property	—			—			63,472			—			—			63,472
	Net operating income from discontinued operations(2)	—			7,289			886			—			—			8,175
	Gain from discontinued operations	—			27,257			—			—			—			27,257
	Revenue and other earnings	$	142,023		$	186,236		$	187,821		$	(1,976	)	$	85,348		$	599,452
	Real estate expense	—			(23,886		)	(100,258		)	(27,314		)	—			(151,458		)
	Other expense	(4,775		)	—			—			—			(12,491		)	(17,266		)
	Allocated interest expense(2)	(111,898		)	(92,579		)	(69,259		)	(44,125		)	(38,300		)	(356,161		)
	Allocated general and administrative(3)	(14,263		)	(10,618		)	(7,572		)	(7,405		)	(25,705		)	(65,563		)
	Segment profit (loss)(4)	$	11,087		$	59,153		$	10,732		$	(80,820	)	$	8,852		$	9,004
	Other significant non-cash items:
	Provision for loan losses	$	81,740		$	—		$	—		$	—		$	—		$	81,740
	Impairment of assets(2)	$	—		$	6,670		$	28,501		$	205		$	978		$	36,354
	Depreciation and amortization(2)	$	—		$	39,250		$	28,450		$	1,276		$	1,810		$	70,786
	Capitalized expenditures	$	—		$	10,994		$	51,579		$	20,497		$	—		$	83,070
	As of December 31, 2012
	Real estate
	Real estate, at cost	$	—		$	1,626,810		$	704,481		$	786,114		$	—		$	3,117,405
	Less: accumulated depreciation	—			(310,605		)	(65,409		)	(2,292		)	—			(378,306		)
	Real estate, net	$	—		$	1,316,205		$	639,072		$	783,822		$	—		$	2,739,099
Real estate available and held for sale	—			—			454,587			181,278			—			635,865
Total real estate	$	—		$	1,316,205		$	1,093,659		$	965,100		$	—		$	3,374,964
Loans receivable and other lending investments, net	1,829,985			—			—			—			—			1,829,985
Other investments	—			16,380			25,745			5,493			351,225			398,843
Total portfolio assets	$	1,829,985		$	1,332,585		$	1,119,404		$	970,593		$	351,225		$	5,603,792
Cash and other assets																556,207
Total assets																$	6,159,999
	Real Estate Finance			Net Lease			Operating Properties			Land			Corporate/Other(1)			Company Total
For the Year Ended December 31, 2011(5)
Operating lease income	$	—		$	144,548		$	51,153		$	171		$	—		$	195,872
Interest income	226,871			—			—			—			—			226,871
Other income	3,176			—			32,538			1,637			2,371			39,722
Total revenue	$	230,047		$	144,548		$	83,691		$	1,808		$	2,371		$	462,465
Earnings (loss) from equity method investments	—			2,566			(626		)	(7,213		)	100,364			95,091
Income from sales of residential property	—			—			5,721			—			—			5,721
Net operating income from discontinued operations(2)	—			14,135			(937		)	—			—			13,198
Gain from discontinued operations	—			25,110			—			—			—			25,110
Revenue and other earnings	$	230,047		$	186,359		$	87,849		$	(5,405	)	$	102,735		$	601,585
Real estate expense	—			(25,054		)	(92,012		)	(21,648		)	—			(138,714		)
Other expense	(2,866		)	—			—			—			(8,204		)	(11,070		)
Allocated interest expense(2)	(156,163		)	(75,844		)	(52,774		)	(40,480		)	(20,653		)	(345,914		)
Allocated general and administrative(3)	(19,934		)	(9,681		)	(6,737		)	(6,959		)	(32,026		)	(75,337		)
Segment profit (loss)(4)	$	51,084		$	75,780		$	(63,674	)	$	(74,492	)	$	41,852		$	30,550
Other significant non-cash items:
Provision for loan losses	$	46,412		$	—		$	—		$	—		$	—		$	46,412
Impairment of assets(2)	$	—		$	668		$	21,030		$	(184	)	$	872		$	22,386
Depreciation and amortization(2)	$	—		$	42,080		$	18,169		$	1,534		$	2,145		$	63,928
Capitalized expenditures	$	—		$	8,699		$	38,477		$	16,993		$	—		$	64,169
Explanatory Notes:
_______________________________________________________________________________
-1	Corporate/Other represents all corporate level and unallocated items including any intercompany eliminations necessary to reconcile to consolidated Company totals. This caption also includes the Company's joint venture investments and strategic investments that are not related to the other reportable segments above, including the Company's equity investment in LNR of $205.8 million as of December 31, 2012 and the Company's share of equity in earnings from LNR of $16.5 million, $60.7 million and $53.9 million for the years ended December 31, 2013, 2012 and 2011, respectively. See Note 6 for further details on the Company's investment in LNR and summarized financial information of LNR.
-2	Includes related amounts reclassified to discontinued operations on the Company's Consolidated Statements of Operations.
-3	General and administrative excludes stock-based compensation expense of $19.3 million, $15.3 million and $29.7 million for the years ended December 31, 2013, 2012 and 2011, respectively.
-4	The following is a reconciliation of segment profit (loss) to net income (loss) ($ in thousands):
	For the Years Ended December 31,
	2013			2012			2011
Segment profit (loss)	$	39,367		$	9,004		$	30,550
Less: Provision for loan losses	(5,489		)	(81,740		)	(46,412		)
Less: Impairment of assets(2)	(14,353		)	(36,354		)	(22,386		)
Less: Loss on transfer of interest to unconsolidated subsidiary	(7,373		)	—			—
Less: Stock-based compensation expense	(19,261		)	(15,293		)	(29,702		)
Less: Depreciation and amortization(2)	(71,530		)	(70,786		)	(63,928		)
Less: Income tax (expense) benefit(2)	596			(8,445		)	4,719
Add: Gain (loss) on early extinguishment of debt, net	(33,190		)	(37,816		)	101,466
Net income (loss)	$	(111,233	)	$	(241,430	)	$	(25,693	)
-5	The prior periods' presentation have been conformed for the change in the methodology of allocating interest expense and general and administrative expenses to each segment based on gross carrying value of assets. The allocation was previously based on carrying value of assets net of accumulated depreciation and amortization and general loan loss reserves.

Quarterly_Financial_Informatio

Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
Quarterly Financial Information (Unaudited)	'
	Quarterly Financial Information (Unaudited)
	The following table sets forth the selected quarterly financial data for the Company ($ in thousands, except per share amounts).
			For the Quarters Ended
			December 31,			September 30,			June 30,			March 31,
	2013:00:00
	Revenue(1)		$	101,073		$	95,696		$	99,919		$	94,102
	Net income (loss)		$	(45,992	)	$	(18,590	)	$	(14,398	)	$	(32,253	)
	Earnings per common share data:
	Net income (loss) attributable to iStar Financial Inc.		$	(47,043	)	$	(18,757	)	$	(14,087	)	$	(32,064	)
	Basic and diluted earnings per share		$	(0.68	)	$	(0.36	)	$	(0.31	)	$	(0.49	)
	Weighted average number of common shares—basic and diluted		84,617			85,392			85,125			84,824
	Earnings per HPU share data:
	Net income (loss) attributable to iStar Financial Inc.		$	(1,939	)	$	(1,016	)	$	(866	)	$	(1,381	)
	Basic and diluted earnings per share		$	(129.26	)	$	(67.73	)	$	(57.74	)	$	(92.07	)
	Weighted average number of HPU shares—basic and diluted		15			15			15			15
			For the Quarters Ended
			December 31,			September 30,			June 30,			March 31,
	2012(2):
	Revenue(1)		$	96,421		$	93,462		$	106,886		$	100,770
	Net income (loss)		$	(79,948	)	$	(64,306	)	$	(51,129	)	$	(46,048	)
	Earnings per common share data:
	Net income (loss) attributable to iStar Financial Inc.		$	(79,810	)	$	(63,640	)	$	(50,407	)	$	(46,073	)
	Basic and diluted earnings per share		$	(1.04	)	$	(0.86	)	$	(0.70	)	$	(0.66	)
	Weighted average number of common shares—basic and diluted		83,674			83,629			84,113			83,556
	Earnings per HPU share data:
	Net income (loss) attributable to iStar Financial Inc.		$	(2,966	)	$	(2,436	)	$	(1,991	)	$	(1,861	)
	Basic and diluted earnings per share		$	(197.73	)	$	(162.40	)	$	(132.73	)	$	(124.07	)
	Weighted average number of HPU shares—basic and diluted		15			15			15			15
	Explanatory Notes:
	_______________________________________________________________________________
	-1	All periods have been adjusted to reflect the impact of properties sold during 2013 and 2012 and properties classified as held for sale as of December 31, 2013, which are reflected in "Income (loss) from discontinued operations on the Consolidated Statements of Operations.
	-2	During the quarter ended December 31, 2012, the Company recorded a loss on early extinguishment of debt of $31.0 million primarily related to a prepayment penalty on the early repayment of 8.625% Senior Notes, as well as a loss due to the acceleration of unamortized fees and discounts related to the refinancing of the 2011 Secured Credit Facilities (see Note 8). The Company also recorded $27.9 million related to Income from sales of residential property. During the quarter ended March 31, 2012, the Madison Funds recorded a significant gain related to the sale of an investment for which the Company recorded its $13.7 million proportionate share.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events	'
	Subsequent Events
	In February 2014, the Company partnered with a sovereign wealth fund to form a venture in which the partners plan to contribute up to an aggregate $500 million of equity to acquire and develop up to $1.25 billion of net lease assets over time. The Company owns approximately 52% of the venture and will be responsible for sourcing new opportunities and managing the venture and its assets in exchange for a promote and management fee. The venture’s first investment was acquired by the Company for $93.6 million during 2013 and was subsequently sold to the venture.

Schedule_IIValuation_and_Quali

Schedule II-Valuation and Qualifying Accounts and Reserves	12 Months Ended
	Dec. 31, 2013
Valuation and Qualifying Accounts [Abstract]	'
Schedule II-Valuation and Qualifying Accounts and Reserves	'
	iStar Financial Inc.
	Schedule II—Valuation and Qualifying Accounts and Reserves
	($ in thousands)
	Description		Balance at		Charged to			Adjustments			Deductions			Balance at
			Beginning		Costs and			to Valuation						End
			of Period		Expenses			Accounts						of Period
	For the Year Ended December 31, 2011
	Reserve for loan losses(1)(2)		$	814,625	$	46,412		$	—		$	(214,413	)	$	646,624
	Allowance for doubtful accounts(2)		1,376		2,292			—			—			3,668
	Allowance for deferred tax assets(2)		29,921		(19,968		)	40,936			—			50,889
			$	845,922	$	28,736		$	40,936		$	(214,413	)	$	701,181
	For the Year Ended December 31, 2012
	Reserve for loan losses(1)(2)		$	646,624	$	81,740		$	—		$	(203,865	)	$	524,499
	Allowance for doubtful accounts(2)		3,668		1,928			—			—			5,596
	Allowance for deferred tax assets(2)		50,889		(9,833		)	(176		)	—			40,880
			$	701,181	$	73,835		$	(176	)	$	(203,865	)	$	570,975
	For the Year Ended December 31, 2013
	Reserve for loan losses(1)(2)		$	524,499	$	5,489		$	—		$	(152,784	)	$	377,204
	Allowance for doubtful accounts(2)		5,596		261			—			—			5,857
	Allowance for deferred tax assets(2)		40,880		(4,473		)	19,855			—			56,262
			$	570,975	$	1,277		$	19,855		$	(152,784	)	$	439,323
	Explanatory Notes:
	_______________________________________________________________________________
	-1	See Note 5 to the Company's Consolidated Financial Statements.
	-2	See Note 3 to the Company's Consolidated Financial Statements.

Schedule_IIIReal_Estate_and_Ac

Schedule III-Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2013
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]	'
Schedule III-Real Estate and Accumulated Depreciation	'
								Initial Cost to Company						Cost			Gross Amount Carried
														Capitalized			at Close of Period
														Subsequent to
	State		Encumbrances					Land				Building and		Acquisition(2)			Land		Building and		Total			Accumulated			Date	Depreciable
												Improvements							Improvements					Depreciation			Acquired	Life
																												(Years)
	OFFICE FACILITIES:
	Arizona	OAZ006	$	—		-1		$	10,780			$	36,336	$	(958	)	$	10,780	$	35,378	$	46,158		$	4,159		2011	40
	Arizona	OAZ002	—			-1		1,033				6,652		951			1,033		7,603		8,636			2,518			1999	40
	Arizona	OAZ003	—			-1		1,033				6,652		205			1,033		6,857		7,890			2,417			1999	40
	Arizona	OAZ004	—			-1		1,033				6,652		197			1,033		6,849		7,882			2,385			1999	40
	Arizona	OAZ005	—			-1		701				4,339		—			701		4,339		5,040			1,537			1999	40
	California	OCA002	—					4,139				5,064		1,596			4,139		6,660		10,799			1,946			2002	40
	Colorado	OCO001	—			-1		1,757				16,930		5,506			1,757		22,436		24,193			7,838			1999	40
	Colorado	OCO002	5,787			-1		—				16,752		48			—		16,800		16,800			4,935			2002	40
	Florida	OFL001	—			-1		2,517				14,484		2,518			2,517		17,002		19,519			1,554			2010	40
	Georgia	OGA001	—			-1		905				6,744		90			905		6,834		7,739			2,776			1999	40
	Georgia	OGA002	—			-1		5,709				49,091		22,033			5,709		71,124		76,833			22,710			1999	40
	Illinois	OIL001	21,657					6,153				14,993		14,370			6,153		29,363		35,516			98			1999	40
	Maryland	OMD001	12,894			-1		1,800				18,706		790			1,800		19,496		21,296			5,532			2002	40
	Massachusetts	OMA001	13,421			-1		1,600				21,947		276			1,600		22,223		23,823			6,548			2002	40
	Michigan	OMI001	—					5,374				137,956		(2,541		)	5,374		135,415		140,789			21,108			2007	40
	New Jersey	ONJ001	53,514					7,726				74,429		10			7,724		74,441		82,165			20,586			2002	40
	New Jersey	ONJ002	12,141			-1		1,008				13,763		(81		)	1,008		13,682		14,690			3,383			2004	40
	New Jersey	ONJ003	18,350			-1		2,456				28,955		505			2,456		29,460		31,916			7,224			2004	40
	Pennsylvania	OPA001	—			-1		690				26,098		(49		)	690		26,049		26,739			8,005			2001	40
	Tennessee	OTN001	—					2,702				25,129		(17,064		)	2,702		8,065		10,767			7,878			1999	40
	Texas	OTX001	—			-1		1,364				10,628		5,644			2,373		15,263		17,636			5,034			1999	40
	Texas	OTX002	—			-1		1,233				15,160		158			1,233		15,318		16,551			5,095			1999	40
	Texas	OTX003	—			-1		2,932				31,235		12,403			2,932		43,638		46,570			14,363			1999	40
	Texas	OTX004	—			-1		1,230				5,660		482			1,230		6,142		7,372			2,143			1999	40
	Virginia	OVA001	—					17,030				52,349		—			17,030		52,349		69,379			25			2013	40
	Wisconsin	OWI001	—					1,875				13,914		(6,147		)	1,875		7,767		9,642			4,573			1999	40
	Subtotal		$	137,764				$	84,780			$	660,618	$	40,942		$	85,787	$	700,553	$	786,340		$	166,370
	INDUSTRIAL FACILITIES:
	Arizona	IAZ001	—			-1		2,519				7,481		1,023			2,519		8,504		11,023			1,093			2009	40
	Arizona	IAZ002	—			-1		3,279				5,221		1,267			3,279		6,488		9,767			839			2009	40
	California	ICA001	18,031			-1		11,635				19,515		5,943			11,635		25,458		37,093			3,860			2007	40
	California	ICA005	—			-1		654				4,591		2,044			654		6,635		7,289			2,338			1999	40
	California	ICA006	—			-1		1,086				7,964		2,876			1,086		10,840		11,926			4,063			1999	40
	California	ICA007	—			-1		4,880				12,367		3,550			4,880		15,917		20,797			5,170			1999	40
								Initial Cost to Company						Cost			Gross Amount Carried
														Capitalized			at Close of Period
														Subsequent to
	State		Encumbrances					Land				Building and		Acquisition(2)			Land		Building and		Total			Accumulated			Date	Depreciable
												Improvements							Improvements					Depreciation			Acquired	Life
																												(Years)
	California	ICA008	—			-1		6,857				8,378		1,643			6,856		10,022		16,878			2,976			2002	40
	California	ICA009	—			-1		4,095				8,323		1,411			4,095		9,734		13,829			3,256			1999	40
	California	ICA010	—					5,051				6,170		2,013			5,051		8,183		13,234			2,135			2002	40
	California	ICA012	—			-1		3,044				3,716		3,002			3,044		6,718		9,762			1,928			2002	40
	California	ICA013	—			-1		2,633				3,219		290			2,633		3,509		6,142			1,150			2002	40
	California	ICA014	—					4,600				5,627		2,497			4,600		8,124		12,724			2,212			2002	40
	California	ICA015	—					5,617				6,877		5,501			5,619		12,376		17,995			5,867			2002	40
	California	ICA016	27,958					15,708				27,987		8,665			15,708		36,652		52,360			14,970			2004	40
	California	ICA017	—			-1		808				8,306		588			808		8,894		9,702			3,014			1999	40
	Colorado	ICO001	—					832				1,379		—			832		1,379		2,211			254			2006	40
	Florida	IFL001	—					322				323		64			322		387		709			71			2006	40
	Florida	IFL002	15,620			-1		3,510				20,846		8,279			3,510		29,125		32,635			4,067			2007	40
	Florida	IFL004	—			-1		3,048				8,676		—			3,048		8,676		11,724			3,073			1999	40
	Florida	IFL005	—			-1		1,612				4,586		(1,408		)	1,241		3,549		4,790			677			1999	40
	Florida	IFL006	—			-1		1,476				4,198		(4,497		)	450		727		1,177			435			1999	40
	Georgia	IGA001	13,596			-1		2,791				24,637		349			2,791		24,986		27,777			3,863			2007	40
Hawaii	IHI001	—					7,477				23,623		369			7,477		23,992		31,469			2,356			2010	40
Indiana	IIN001	—			-1		462				9,224		—			462		9,224		9,686			2,011			2007	40
Massachusetts	IMA001	18,706			-1		7,439				21,774		10,979			7,439		32,753		40,192			4,572			2007	40
Michigan	IMI001	—			-1		598				9,814		1			598		9,815		10,413			2,162			2007	40
Minnesota	IMN001	—			-1		403				1,147		(344		)	1,206		—		1,206			—			1999	40
Minnesota	IMN002	—			-1		6,705				17,690		—			6,225		18,170		24,395			4,047			2005	40
North Carolina	INC001	—			-1		680				5,947		—			680		5,947		6,627			1,390			2004	40
New Jersey	INJ001	21,695			-1		8,368				15,376		21,141			8,368		36,517		44,885			5,172			2007	40
New York	INY001	—			-1		1,796				5,108		4			1,796		5,112		6,908			1,811			1999	40
Texas	ITX002	—					594				716		—			594		716		1,310			132			2006	40
Texas	ITX003	—					3,617				3,432		—			3,617		3,432		7,049			633			2006	40
Texas	ITX004	13,499			-1		1,631				27,858		(416		)	1,631		27,442		29,073			4,186			2007	40
Texas	ITX005	—			-1		1,314				8,903		46			1,314		8,949		10,263			3,165			1999	40
Virginia	IVA001	14,560			-1		2,619				28,481		142			2,619		28,623		31,242			4,424			2007	40
Subtotal		$	143,665				$	129,760			$	379,480	$	77,022		$	128,687	$	457,575	$	586,262		$	103,372
LAND:
Arizona	LAZ002	—			-1		13,170				5,144		64			13,170		5,208		18,378			343			2011	0
Arizona	LAZ001	—					96,700				—		—			96,700		—		96,700			—			2010	0
California	LCA002	—					28,464				2,836		—			28,464		2,836		31,300			1,841			2010	0
							Initial Cost to Company						Cost			Gross Amount Carried
													Capitalized			at Close of Period
													Subsequent to
State		Encumbrances					Land				Building and		Acquisition(2)			Land		Building and		Total			Accumulated			Date	Depreciable
											Improvements							Improvements					Depreciation			Acquired	Life
																											(Years)
California	LCA008	—					30,500				—		—			30,500		—		30,500			—			2011	0
California	LCA003	—					87,300				—		(15,643		)	71,657		—		71,657			—			2009	0
California	LCA004	—					68,155				—		(21,405		)	46,750		—		46,750			—			2000	0
California	LCA005	—					84,100				—		2			84,102		—		84,102			—			2010	0
California	LCA006	—					59,100				—		—			59,100		—		59,100			—			2010	0
Florida	LFA001	—					7,600				—		—			7,600		—		7,600			—			2009	0
Florida	LFA002	—					8,100				—		—			8,100		—		8,100			—			2009	0
Florida	LFA006	—					9,300				—		—			9,300		—		9,300			—			2012	0
Florida	LFA003	—					26,600				—		4,413			26,600		4,413		31,013			—			2010	0
Florida	LFA004						10,440				—		—			10,440		—		10,440			—			2013	0
Florida	LFA005	—					9,300				—		—			9,300		—		9,300			—			2010	0
Georgia	LGA001	—					3,800				—		—			3,800		—		3,800			—			2013	0
Georgia	LGA002	—			-1		1,400				—		—			1,400		—		1,400			—			2013	0
Illinois	LIL001	—					9,500				—		—			9,500		—		9,500			—			2011	0
Maryland	LMD001	—					102,938				—		—			102,938		—		102,938			—			2009	0
Maryland	LMD002	—			-1		2,486				—		—			2,486		—		2,486			290			1999	70
New Jersey	LNJ001	—					43,300				—		35,065			78,365		—		78,365			51			2009	0
New York	LNY002	—					58,900				—		52			58,900		52		58,952			—			2011	0
New York	LNY003	—					3,277				—		—			3,277		—		3,277			—			2013	0
New York	LNY001	—					52,461				—		—			52,461		—		52,461			—			2009	0
Oregon	LOR001	—					3,674				—		168			3,674		168		3,842			—			2012	0
Oregon	LOR002	—					20,326				—		(4,639		)	15,687		—		15,687			—			2012	0
Texas	LTX001	—			-1		3,375				—		—			3,375		—		3,375			—			2005	0
Texas	LTX002	—			-1		3,621				—		—			3,621		—		3,621			—			2005	0
Virginia	LVA001	—					60,814				—		12,243			73,057		—		73,057			1,158			2009	0
Virginia	LVA001	—					11,324				—		(4,217		)	7,107		—		7,107			—			2009	0
Subtotal		$	—				$	920,025			$	7,980	$	6,103		$	921,431	$	12,677	$	934,108		$	3,683
ENTERTAINMENT:
Alabama	EAL001	—			-1		277				359		(3		)	277		356		633			88			2004	40
Alabama	EAL002	—			-1		319				414		—			319		414		733			102			2004	40
Arizona	EAZ001	—			-1		793				1,027		—			793		1,027		1,820			253			2004	40
Arizona	EAZ002	—			-1		521				673		(4		)	521		669		1,190			166			2004	40
Arizona	EAZ003	—			-1		305				394		(3		)	305		391		696			97			2004	40
Arizona	EAZ004	—			-1		630				815		—			630		815		1,445			201			2004	40
Arizona	EAZ005	—			-1		590				764		—			590		764		1,354			188			2004	40
							Initial Cost to Company						Cost			Gross Amount Carried
													Capitalized			at Close of Period
													Subsequent to
State		Encumbrances					Land				Building and		Acquisition(2)			Land		Building and		Total			Accumulated			Date	Depreciable
											Improvements							Improvements					Depreciation			Acquired	Life
																											(Years)
Arizona	EAZ006	—			-1		476				616		(4		)	476		612		1,088			152			2004	40
Arizona	EAZ007	—			-1		654				845		(6		)	654		839		1,493			208			2004	40
Arizona	EAZ008	—			-1		666				862		(6		)	666		856		1,522			212			2004	40
Arizona	EAZ009	—			-1		460				596		—			460		596		1,056			147			2004	40
California	ECA001	—			-1		1,097				1,421		—			1,097		1,421		2,518			349			2004	40
California	ECA002	—			-1		434				560		1			434		561		995			138			2004	40
California	ECA003	—			-1		332				429		—			332		429		761			106			2004	40
California	ECA004	—			-1		1,642				2,124		(16		)	1,642		2,108		3,750			523			2004	40
California	ECA005	—			-1		676				876		—			676		876		1,552			215			2004	40
California	ECA006	—			-1		720				932		—			720		932		1,652			229			2004	40
California	ECA007	—			-1		574				743		(5		)	574		738		1,312			183			2004	40
California	ECA008	—			-1		392				508		(4		)	392		504		896			125			2004	40
California	ECA009	—			-1		358				464		(3		)	358		461		819			114			2004	40
California	ECA010	—			-1		—				18,000		—			—		18,000		18,000			4,336			2003	40
California	ECA011	—			-1		852				1,101		(8		)	852		1,093		1,945			271			2004	40
California	ECA012	—			-1		1,572				2,034		—			1,572		2,034		3,606			500			2004	40
California	ECA013	—			-1		—				1,953		25,772			—		27,725		27,725			3,348			2008	40
California	ECA014	—			-1		659				852		(6		)	659		846		1,505			210			2004	40
California	ECA015	—			-1		562				729		—			562		729		1,291			179			2004	40
California	ECA016	—			-1		896				1,159		(8		)	896		1,151		2,047			285			2004	40
Colorado	ECO001	—			-1		466				602		(5		)	466		597		1,063			148			2004	40
Colorado	ECO002	—			-1		640				827		1			640		828		1,468			204			2004	40
Colorado	ECO003	—			-1		729				944		—			729		944		1,673			232			2004	40
Colorado	ECO004	—			-1		536				694		(5		)	536		689		1,225			171			2004	40
Colorado	ECO005	—			-1		412				533		—			412		533		945			131			2004	40
Colorado	ECO006	—			-1		901				1,165		(9		)	901		1,156		2,057			287			2004	40
Connecticut	ECT001	—			-1		1,097				1,420		(10		)	1,097		1,410		2,507			349			2004	40
Connecticut	ECT002	—			-1		330				426		—			330		426		756			105			2004	40
Delaware	EDE001	—			-1		1,076				1,390		4			1,076		1,394		2,470			343			2004	40
Florida	EFL001	—			-1		—				41,809		—			—		41,809		41,809			13,655			2005	27
Florida	EFL002	—			-1		412				531		(3		)	412		528		940			131			2004	40
Florida	EFL003	—			-1		6,550				—		17,118			6,533		17,135		23,668			2,853			2006	40
Florida	EFL004	—			-1		1,067				1,382		—			1,067		1,382		2,449			340			2004	40
Florida	EFL005	—			-1		340				439		(3		)	340		436		776			108			2004	40
Florida	EFL006	—			-1		401				520		—			401		520		921			128			2004	40
							Initial Cost to Company						Cost			Gross Amount Carried
													Capitalized			at Close of Period
													Subsequent to
State		Encumbrances					Land				Building and		Acquisition(2)			Land		Building and		Total			Accumulated			Date	Depreciable
											Improvements							Improvements					Depreciation			Acquired	Life
																											(Years)
Florida	EFL007	—			-1		507				655		(5		)	507		650		1,157			161			2004	40
Florida	EFL008	—			-1		282				364		(3		)	282		361		643			90			2004	40
Florida	EFL009	—			-1		352				455		—			352		455		807			112			2004	40
Florida	EFL011	—			-1		437				567		—			437		567		1,004			139			2004	40
Florida	EFL012	—			-1		532				689		—			532		689		1,221			169			2004	40
Florida	EFL014	—			-1		486				629		—			486		629		1,115			155			2004	40
Florida	EFL015	—			-1		433				561		(4		)	433		557		990			138			2004	40
Florida	EFL016	—			-1		497				643		(5		)	497		638		1,135			158			2004	40
Florida	EFL018	—			-1		643				833		(6		)	643		827		1,470			205			2004	40
Florida	EFL019	—			-1		4,200				18,272		—			4,200		18,272		22,472			4,041			2005	40
Florida	EFL020	—					551				714		(6		)	551		708		1,259			175			2004	40
Florida	EFL021	—			-1		364				470		(3		)	364		467		831			116			2004	40
Florida	EFL022	—			-1		507				656		—			507		656		1,163			161			2004	40
Florida	EFL023	—			-1		—				19,337		—			—		19,337		19,337			4,276			2005	40
Georgia	EGA001	—			-1		510				660		(5		)	510		655		1,165			162			2004	40
Georgia	EGA002	—			-1		286				371		—			286		371		657			91			2004	40
Georgia	EGA003	—			-1		474				613		—			474		613		1,087			151			2004	40
Georgia	EGA004	—			-1		581				752		—			581		752		1,333			185			2004	40
Georgia	EGA005	—			-1		718				930		(7		)	718		923		1,641			229			2004	40
Georgia	EGA006	—			-1		546				706		—			546		706		1,252			174			2004	40
Georgia	EGA007	—			-1		502				651		(5		)	502		646		1,148			160			2004	40
Illinois	EIL001	—			-1		335				434		—			335		434		769			107			2004	40
Illinois	EIL002	—			-1		481				622		—			481		622		1,103			153			2004	40
Illinois	EIL003	—			-1		8,803				57		30,479			8,803		30,536		39,339			4,819			2006	40
Illinois	EIL004	—			-1		433				560		(5		)	433		555		988			138			2004	40
Illinois	EIL005	—			-1		431				557		(4		)	431		553		984			137			2004	40
Indiana	EIN001	—			-1		542				701		(5		)	542		696		1,238			172			2004	40
Kentucky	EKY001	—			-1		417				539		—			417		539		956			133			2004	40
Kentucky	EKY002	—			-1		365				473		(3		)	365		470		835			116			2004	40
Maryland	EMD001	—			-1		428				554		—			428		554		982			136			2004	40
Maryland	EMD002	—			-1		575				745		—			575		745		1,320			183			2004	40
Maryland	EMD003	—			-1		362				468		(3		)	362		465		827			115			2004	40
Maryland	EMD004	—			-1		884				1,145		(9		)	884		1,136		2,020			282			2004	40
Maryland	EMD005	—			-1		371				481		—			371		481		852			118			2004	40
Maryland	EMD006	—			-1		399				518		(4		)	399		514		913			127			2004	40
							Initial Cost to Company						Cost			Gross Amount Carried
													Capitalized			at Close of Period
													Subsequent to
State		Encumbrances					Land				Building and		Acquisition(2)			Land		Building and		Total			Accumulated			Date	Depreciable
											Improvements							Improvements					Depreciation			Acquired	Life
																											(Years)
Maryland	EMD007	—			-1		649				839		(6		)	649		833		1,482			206			2004	40
Maryland	EMD008	—			-1		366				473		(3		)	366		470		836			116			2004	40
Maryland	EMD009	—			-1		398				516		(4		)	398		512		910			127			2004	40
Maryland	EMD011	—			-1		1,126				1,458		—			1,126		1,458		2,584			359			2004	40
Massachusetts	EMA001	—			-1		523				678		(6		)	523		672		1,195			167			2004	40
Massachusetts	EMA002	—			-1		548				711		—			548		711		1,259			175			2004	40
Massachusetts	EMA003	—			-1		519				672		(5		)	519		667		1,186			165			2004	40
Massachusetts	EMA004	—			-1		344				445		—			344		445		789			109			2004	40
Michigan	EMI002	—			-1		516				667		(5		)	516		662		1,178			164			2004	40
Michigan	EMI003	—			-1		554				718		—			554		718		1,272			177			2004	40
Michigan	EMI004	—			-1		387				500		(4		)	387		496		883			123			2004	40
Michigan	EMI005	—			-1		533				691		(6		)	533		685		1,218			170			2004	40
Michigan	EMI006	—			-1		356				460		—			356		460		816			113			2004	40
Minnesota	EMN001	—			-1		666				861		(6		)	666		855		1,521			212			2004	40
Minnesota	EMN002	—			-1		2,962				—		15,384			2,962		15,384		18,346			2,507			2006	40
Minnesota	EMN004	—			-1		2,437				8,715		679			2,437		9,394		11,831			1,939			2006	40
Missouri	EMO001	—			-1		334				432		—			334		432		766			106			2004	40
Missouri	EMO002	—			-1		404				523		(4		)	404		519		923			129			2004	40
Missouri	EMO003	—			-1		462				597		(4		)	462		593		1,055			147			2004	40
Missouri	EMO004	—			-1		878				1,139		—			878		1,139		2,017			280			2004	40
New Jersey	ENJ001	—			-1		1,560				2,019		(15		)	1,560		2,004		3,564			497			2004	40
New Jersey	ENJ002	—			-1		830				1,075		—			830		1,075		1,905			264			2004	40
Nevada	ENV001	—			-1		440				569		(4		)	440		565		1,005			140			2004	40
New York	ENY001	—			-1		603				779		(6		)	603		773		1,376			192			2004	40
New York	ENY002	—			-1		442				571		—			442		571		1,013			141			2004	40
New York	ENY003	—			-1		562				728		—			562		728		1,290			179			2004	40
New York	ENY004	—			-1		385				499		(3		)	385		496		881			123			2004	40
New York	ENY005	—			-1		350				453		—			350		453		803			111			2004	40
New York	ENY007	—			-1		494				640		—			494		640		1,134			157			2004	40
New York	ENY006	—			-1		326				421		—			326		421		747			104			2004	40
New York	ENY008	—			-1		320				414		(3		)	320		411		731			102			2004	40
New York	ENY009	—			-1		399				516		(4		)	399		512		911			127			2004	40
New York	ENY010	—			-1		959				1,240		(9		)	959		1,231		2,190			305			2004	40
New York	ENY011	—			-1		587				761		—			587		761		1,348			187			2004	40
New York	ENY012	—			-1		521				675		(5		)	521		670		1,191			166			2004	40
							Initial Cost to Company						Cost			Gross Amount Carried
													Capitalized			at Close of Period
													Subsequent to
State		Encumbrances					Land				Building and		Acquisition(2)			Land		Building and		Total			Accumulated			Date	Depreciable
											Improvements							Improvements					Depreciation			Acquired	Life
																											(Years)
New York	ENY013	—			-1		711				920		—			711		920		1,631			226			2004	40
New York	ENY014	—			-1		558				723		(6		)	558		717		1,275			178			2004	40
New York	ENY015	—			-1		747				967		—			747		967		1,714			238			2004	40
New York	ENY016	—			-1		683				885		(7		)	683		878		1,561			218			2004	40
New York	ENY017	—			-1		1,492				1,933		—			1,492		1,933		3,425			475			2004	40
New York	ENY018	—			-1		1,471				1,904		(14		)	1,471		1,890		3,361			468			2004	40
North Carolina	ENC001	—			-1		397				513		—			397		513		910			126			2004	40
North Carolina	ENC002	—			-1		476				615		(4		)	476		611		1,087			151			2004	40
North Carolina	ENC003	—			-1		410				530		(4		)	410		526		936			130			2004	40
North Carolina	ENC004	—			-1		402				520		(4		)	402		516		918			128			2004	40
North Carolina	ENC005	—			-1		948				1,227		—			948		1,227		2,175			302			2004	40
North Carolina	ENC006	—			-1		259				336		(3		)	259		333		592			83			2004	40
North Carolina	ENC007	—			-1		349				452		—			349		452		801			111			2004	40
North Carolina	ENC008	—			-1		640				828		—			640		828		1,468			204			2004	40
North Carolina	ENC009	—			-1		409				531		—			409		531		940			130			2004	40
North Carolina	ENC010	—			-1		965				1,249		(10		)	965		1,239		2,204			307			2004	40
North Carolina	ENC011	—			-1		475				615		—			475		615		1,090			151			2004	40
North Carolina	ENC012	—			-1		494				638		(4		)	494		634		1,128			157			2004	40
Ohio	EOH001	—			-1		434				562		—			434		562		996			138			2004	40
Ohio	EOH002	—			-1		967				1,252		(9		)	967		1,243		2,210			308			2004	40
Ohio	EOH003	—			-1		281				365		(3		)	281		362		643			90			2004	40
Ohio	EOH004	—			-1		393				508		—			393		508		901			125			2004	40
Oklahoma	EOK001	—			-1		431				557		(4		)	431		553		984			137			2004	40
Oklahoma	EOK002	—			-1		954				1,235		—			954		1,235		2,189			304			2004	40
Oregon	EOR002	—			-1		393				508		(4		)	393		504		897			125			2004	40
Pennsylvania	EPA001	—			-1		407				527		—			407		527		934			130			2004	40
Pennsylvania	EPA002	—			-1		421				544		—			421		544		965			134			2004	40
Pennsylvania	EPA003	—			-1		409				528		(4		)	409		524		933			130			2004	40
Pennsylvania	EPA004	—			-1		407				527		(3		)	407		524		931			130			2004	40
Puerto Rico	EPR001	—			-1		950				1,230		—			950		1,230		2,180			303			2004	40
Rhode Island	ERI001	—			-1		850				1,100		(8		)	850		1,092		1,942			271			2004	40
South Carolina	ESC001	—			-1		943				1,220		(9		)	943		1,211		2,154			300			2004	40
South Carolina	ESC002	—			-1		332				429		—			332		429		761			106			2004	40
South Carolina	ESC003	—			-1		924				1,196		—			924		1,196		2,120			294			2004	40
Tennessee	ETN001	—			-1		260				338		—			260		338		598			83			2004	40
							Initial Cost to Company						Cost			Gross Amount Carried
													Capitalized			at Close of Period
													Subsequent to
State		Encumbrances					Land				Building and		Acquisition(2)			Land		Building and		Total			Accumulated			Date	Depreciable
											Improvements							Improvements					Depreciation			Acquired	Life
																											(Years)
Texas	ETX001	—			-1		1,045				1,353		—			1,045		1,353		2,398			333			2004	40
Texas	ETX002	—			-1		593				767		(6		)	593		761		1,354			189			2004	40
Texas	ETX003	—			-1		985				1,276		—			985		1,276		2,261			314			2004	40
Texas	ETX004	—			-1		838				1,083		(8		)	838		1,075		1,913			267			2004	40
Texas	ETX005	—			-1		528				682		(5		)	528		677		1,205			168			2004	40
Texas	ETX006	—			-1		480				622		(4		)	480		618		1,098			153			2004	40
Texas	ETX007	—			-1		975				1,261		(10		)	975		1,251		2,226			310			2004	40
Texas	ETX008	—			-1		1,108				1,433		(10		)	1,108		1,423		2,531			353			2004	40
Texas	ETX009	—			-1		425				549		(58		)	425		491		916			127			2004	40
Texas	ETX010	—			-1		518				671		—			518		671		1,189			165			2004	40
Texas	ETX011	—			-1		758				981		1			758		982		1,740			241			2004	40
Texas	ETX013	—			-1		375				485		(3		)	375		482		857			119			2004	40
Texas	ETX014	—			-1		438				567		(4		)	438		563		1,001			140			2004	40
Texas	ETX017	—			-1		561				726		—			561		726		1,287			179			2004	40
Texas	ETX018	—			-1		753				976		—			753		976		1,729			240			2004	40
Texas	ETX019	—			-1		521				675		—			521		675		1,196			166			2004	40
Texas	ETX020	—			-1		634				821		(6		)	634		815		1,449			202			2004	40
Texas	ETX021	—			-1		379				491		(4		)	379		487		866			121			2004	40
Texas	ETX022	—			-1		592				766		—			592		766		1,358			188			2004	40
Utah	EUT001	—			-1		624				808		—			624		808		1,432			199			2004	40
Virginia	EVA001	—			-1		1,134				1,467		—			1,134		1,467		2,601			361			2004	40
Virginia	EVA002	—			-1		845				1,094		—			845		1,094		1,939			269			2004	40
Virginia	EVA003	—			-1		884				1,145		(9		)	884		1,136		2,020			282			2004	40
Virginia	EVA004	—			-1		953				1,233		(10		)	953		1,223		2,176			303			2004	40
Virginia	EVA005	—			-1		487				632		—			487		632		1,119			155			2004	40
Virginia	EVA006	—			-1		425				550		(4		)	425		546		971			135			2004	40
Virginia	EVA007	—			-1		1,151				1,490		(11		)	1,151		1,479		2,630			367			2004	40
Virginia	EVA008	—			-1		546				707		—			546		707		1,253			174			2004	40
Virginia	EVA009	—			-1		851				1,103		—			851		1,103		1,954			271			2004	40
Virginia	EVA010	—			-1		819				1,061		—			819		1,061		1,880			261			2004	40
Virginia	EVA011	—			-1		958				1,240		—			958		1,240		2,198			305			2004	40
Virginia	EVA012	—			-1		788				1,020		(8		)	788		1,012		1,800			251			2004	40
Virginia	EVA013	—			-1		554				716		(5		)	554		711		1,265			176			2004	40
Washington	EWA001	—			-1		1,500				6,500		—			1,500		6,500		8,000			1,927			2003	40
Wisconsin	EWI001	—			-1		521				673		2			521		675		1,196			166			2004	40
							Initial Cost to Company						Cost			Gross Amount Carried
													Capitalized			at Close of Period
													Subsequent to
State		Encumbrances					Land				Building and		Acquisition(2)			Land		Building and		Total			Accumulated			Date	Depreciable
											Improvements							Improvements					Depreciation			Acquired	Life
																											(Years)
Wisconsin	EWI002	—			-1		413				535		—			413		535		948			132			2004	40
Wisconsin	EWI003	—			-1		542				702		(6		)	542		696		1,238			173			2004	40
Wisconsin	EWI004	—			-1		793				1,025		(8		)	793		1,017		1,810			252			2004	40
Wisconsin	EWI005	—			-1		1,124				1,455		—			1,124		1,455		2,579			358			2004	40
Subtotal		$	—				$	133,448			$	253,122	$	88,867		$	133,431	$	342,006	$	475,437		$	77,763
RETAIL:
Arizona	RAZ003	—					2,625				4,875		536			2,625		5,411		8,036			258			2009	40
Arizona	RAZ004	—					2,184				4,056		(1,588		)	2,184		2,468		4,652			134			2009	0
Arizona	RAZ005	—			-1		2,657				2,666		(277		)	2,657		2,389		5,046			225			2011	40
California	RCA001	—			-1		2,569				3,031		150			2,569		3,181		5,750			322			2010	40
Colorado	RCO001	—			-1		2,631				279		5,195			2,607		5,498		8,105			915			2006	40
Florida	RFL003	—			-1		3,950				—		10,285			3,908		10,327		14,235			1,897			2005	40
Hawaii	RHI001	—					3,393				21,155		3,332			3,393		24,487		27,880			2,792			2009	40
Illinois	RIL002	—					14,934				29,675		1,692			14,934		31,367		46,301			1,495			2012	40
Illinois	RIL001	—			-1		—				336		695			—		1,031		1,031			221			2010	40
New Mexico	RNM001	—			-1		1,733				—		8,370			1,705		8,398		10,103			1,418			2005	40
New York	RNY001	—			-1		731				6,073		699			711		6,792		7,503			1,538			2005	40
Pennsylvania	RPA001	—			-1		5,687				56,950		1,754			5,687		58,704		64,391			4,439			2011	40
South Carolina	RSC001	—					2,126				948		(790		)	1,337		947		2,284			158			2007	40
Texas	RTX001	—			-1		3,538				4,215		171			3,514		4,410		7,924			1,112			2005	40
Texas	RTX002	—					1,225				2,275		(791		)	1,225		1,484		2,709			—			2010	0
Texas	RTX003	—					630				1,170		(409		)	630		761		1,391			—			2010	0
Utah	RUT001	—			-1		3,502				—		5,975			3,502		5,975		9,477			1,082			2005	40
Virginia	RVA001	—			-1		4,720				16,711		—			4,720		16,711		21,431			674			2011	40
Washington	RWA001	—					1,301				—		(990		)	311		—		311			—			2012	0
Subtotal		$	—				$	60,136			$	154,415	$	34,009		$	58,219	$	190,341	$	248,560		$	18,680
HOTEL:
California	HCA002	—			-1		4,394				27,030		(871		)	4,394		26,159		30,553			10,632			1998	40
California	HCA003	—			-1		3,308				20,623		(664		)	3,308		19,959		23,267			8,097			1998	40
Colorado	HCO001	—			-1		1,242				7,865		(253		)	1,242		7,612		8,854			3,081			1998	40
Georgia	HGA001	—			-1		6,378				25,514		562			6,378		26,076		32,454			2,813			2010	40
Hawaii	HHI001	—			-1		17,996				17,996		6,971			17,996		24,967		42,963			4,078			2009	40
Hawaii	HHI002	—					3,000				12,000		1,090			3,000		13,090		16,090			1,294			2009	0
Utah	HUT001	—			-1		5,620				32,695		(1,058		)	5,620		31,637		37,257			12,964			1998	40
Washington	HWA004	—			-1		5,101				32,080		(1,031		)	5,101		31,049		36,150			12,580			1998	40
							Initial Cost to Company						Cost			Gross Amount Carried
													Capitalized			at Close of Period
													Subsequent to
State		Encumbrances					Land				Building and		Acquisition(2)			Land		Building and		Total			Accumulated			Date	Depreciable
											Improvements							Improvements					Depreciation			Acquired	Life
																											(Years)
Subtotal		$	—				$	47,039			$	175,803	$	4,746		$	47,039	$	180,549	$	227,588		$	55,539
APARTMENT/RESIDENTIAL:
Arizona	AAZ001	—					2,423				—		1,921			2,423		1,921		4,344			—			2010	0
California	ACA001	—			-1		7,333				29,333		(16,179		)	4,097		16,390		20,487			—			2009	0
California	ACA002	—			-1		10,078				40,312		(38,529		)	2,372		9,489		11,861			—			2007	0
California	ACA003	—			-1		7,654				17,859		(20,530		)	2,296		2,687		4,983			—			2013	0
Florida	AFL001	—			-1		2,394				24,206		(26,239		)	32		329		361			—			2009	0
Florida	AFL002	—					6,540				15,260		(827		)	6,540		14,433		20,973			—			2010	0
Florida	AFL003	—					30,900				30,900		(55,614		)	3,093		3,093		6,186			—			2011	0
Georgia	AGA001	—			-1		2,963				11,850		5,148			3,992		15,969		19,961			—			2010	0
Hawaii	AHI001	—			-1		8,080				12,120		(18,535		)	666		999		1,665			—			2010	0
Hawaii	AHI003	—			-1		3,483				9,417		(10,090		)	759		2,051		2,810			—			2009	0
Nevada	ANZ001	—			-1		18,117				106,829		(103,327		)	3,134		18,485		21,619			—			2009	0
New Jersey	ANJ001	—					36,405				64,719		(89,134		)	4,316		7,674		11,990			—			2009	0
Pennsylvania	APA001	—					44,438				82,527		(93,932		)	11,562		21,471		33,033			—			2012	0
Pennsylvania	APA002	—					15,890				29,510		(6,106		)	15,891		23,403		39,294			—			2012	0
Washington	AWA001	—			-1		2,342				44,478		(40,189		)	333		6,298		6,631			—			2009	0
Subtotal		$	—				$	199,040			$	519,320	$	(512,162	)	$	61,506	$	144,692	$	206,198		$	—
MIXED USE:
Arizona	MAZ002	—			-1		10,182				52,544		17,269			10,031		69,965		79,995			5,035			2011	40
California	MCA001	—			-1		5,869				629		3			5,870		631		6,501			44			2010	0
Florida	MFL001	—			-1		8,450				8,216		(2,960		)	8,450		5,256		13,706			1,392			2008	40
Georgia	MGA001	—			-1		4,480				17,916		1,981			4,479		19,897		24,377			496			2010	0
Subtotal		$	—				$	28,981			$	79,305	$	16,293		$	28,830	$	95,749	$	124,579		$	6,967
Total		$	281,429				$	1,603,209			$	2,230,043	$	(244,180	)	$	1,464,930	$	2,124,142	$	3,589,072	-3	$	432,374	-4
																						-4
Explanatory Notes:
_______________________________________________________________________________
-1	Consists of properties pledged as collateral under the Company's secured credit facilities with a total book value of $1.43 billion.
-2	Includes impairments and unit sales.
-3	The aggregate cost for Federal income tax purposes was approximately $3.86 billion at December 31, 2013.
-4	Includes $7.9 million relating to accumulated depreciation for real estate assets held for sale as of December 31, 2013.
1.     Reconciliation of Real Estate:
The following table reconciles Real Estate from January 1, 2011 to December 31, 2013:
		2013			2012				2011
Balance at January 1		$	3,763,310		$	3,927,750			$	3,672,966
Improvements and additions		126,664			111,760				43,671
Acquisitions through foreclosure		31,764			269,100				501,519
Other acquisitions		69,379			—				—
Dispositions		(388,906		)	(510,504		)		(269,761		)
Impairments		(13,139		)	(34,796		)		(20,645		)
Balance at December 31		$	3,589,072		$	3,763,310			$	3,927,750
2.     Reconciliation of Accumulated Depreciation:
The following table reconciles Accumulated Depreciation from January 1, 2011 to December 31, 2013:
		2013			2012				2011
Balance at January 1		$	(388,346	)	$	(356,810	)		$	(327,682	)
Additions		(59,208		)	(59,968		)		(52,418		)
Dispositions		15,180			28,432				23,290
Balance at December 31		$	(432,374	)	$	(388,346	)		$	(356,810	)

Schedule_IVMortgage_Loans_on_R

Schedule IV-Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2013
Mortgage Loans on Real Estate [Abstract]	'
Schedule IV—Mortgage Loans on Real Estate	'
	iStar Financial Inc.
	Schedule IV—Mortgage Loans on Real Estate
	As of December 31, 2013
	($ in thousands)
	Type of Loan/Borrower		Underlying Property Type		Contractual		Contractual		Effective		Periodic		Prior		Face		Carrying
					Interest		Interest		Maturity		Payment		Liens		Amount		Amount
					Accrual		Payment		Dates		Terms				of		of
					Rates		Rates								Mortgages		Mortgages(1)(2)
	Senior Mortgages:
	Borrower A		Mixed Use/Mixed Collateral		LIBOR + 3.3%		LIBOR + 3.3%		Apr-14		IO		$	—	$	92,446	$	92,518
	Borrower B(3)		Entertainment/Leisure		17%		17%		Apr-09		IO		—		224,223		77,427
	Borrower C		Apartment/Residential		LIBOR + 5.25%		LIBOR + 5.25%		May-14		IO		—		66,502		67,263
	Borrower D(4)		Industrial/R&D		LIBOR + 4.5%		LIBOR + 4.5%		Dec-14		IO		—		65,931		64,497
	Borrower E(5)		Land		LIBOR + 3.5%		LIBOR + 3.5%		Jan-14		IO		—		58,175		53,569
	Borrower F(6)		Land		LIBOR + 1.75%		LIBOR + 1.75%		Aug-12		IO		—		75,000		30,808
	Borrower G(7)		Retail		LIBOR + 3%		LIBOR + 3%		Jul-09		IO		—		48,358		26,553
	Borrower H		Retail		8%		8%		Apr-17		P&I		—		26,414		26,450
	Borrower I(8)		Land		LIBOR + 5.58%		LIBOR + 5.58%		Jul-09		IO		—		50,000		26,231
	Borrower J		Apartment/Residential		8%		5%		Dec-14		IO		—		26,043		26,092
	Senior mortgages individually <3%		Apartment/Residential, Retail, Land, Industrial/R&D, Mixed Use/Mixed Collateral, Office, Hotel, Entertainment/Leisure, Other		Fixed: 4% to 13% Variable: LIBOR + 1.5% to LIBOR + 7%		Fixed: 4% to 10% Variable: LIBOR + 0.5% to LIBOR + 7%		2014 to 2024						335,692		275,709
															$	1,068,784	$	767,117
	Subordinate Mortgages:
	Borrower K		Other		8%		8%		Apr-15		IO		$	100,000	$	25,000	$	24,962
	Subordinate mortgages individually <3%		Retail, Mixed Use/Mixed Collateral, Hotel, Other		Fixed: 5% to 14%		Fixed: 8.12% to 14%		2014 to 2018						35,694		35,717
															$	60,694	$	60,679
	Total mortgages														$	1,129,478	$	827,796
	Explanatory Notes:
	_______________________________________________________________________________
	-1	Amounts are presented net of asset-specific reserves of $304.5 million on impaired loans. Impairment is measured using the estimated fair value of collateral, less costs to sell.
	-2	The carrying amount of mortgages approximated the federal income tax basis.
	-3	Loan is in default with $224.2 million of principal that is more than 90 days delinquent. Loan is designated as non-performing and is on non-accrual status.
	-4	As of December 31, 2013, included a LIBOR interest rate floor of 3.88%.
	-5	As of December 31, 2013, included a LIBOR interest rate floor of 3.50%.
	-6	Loan is in default with $75.0 million of principal that is more than 90 days delinquent. Loan is designated as non-performing and is on non-accrual status.
	-7	Loan is in default with $48.4 million of principal that is more than 90 days delinquent. Loan is designated as non-performing and is on non-accrual status. As of December 31, 2013, included a LIBOR interest rate floor of 4.0%.
	-8	Loan is in default with $50.0 million of principal that is more than 90 days delinquent. Loan is designated as non-performing and is on non-accrual status.
	iStar Financial Inc.
	Schedule IV—Mortgage Loans on Real Estate (Continued)
	As of December 31, 2013
	($ in thousands)
	Reconciliation of Mortgage Loans on Real Estate:
	The following table reconciles Mortgage Loans on Real Estate from January 1, 2011 to December 31, 2013(1):
		2013				2012				2011
	Balance at January 1	$	1,421,654			$	2,449,554			$	4,012,067
	Additions:
	New mortgage loans	19,249				2,205				20,000
	Additions under existing mortgage loans	31,589				29,887				82,598
	Other(2)	16,385				33,324				32,922
	Deductions(3):
	Collections of principal	(636,883		)		(700,943		)		(1,047,943		)
	Recovery of (provision for) loan losses	25,011				(121,869		)		(93,187		)
	Transfers to real estate and equity investments	(49,100		)		(270,359		)		(556,753		)
	Amortization of premium	(109		)		(145		)		(150		)
	Balance at December 31	$	827,796			$	1,421,654			$	2,449,554
	Explanatory Notes:
	_______________________________________________________________________________
	-1	Balances represent the carrying value of loans, which are net of asset specific reserves.
	-2	Amount includes amortization of discount, deferred interest capitalized and mark-to-market adjustments resulting from changes in foreign exchange rates.
	-3	Amounts are presented net of charge-offs of $152.8 million, $106.9 million and $214.0 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Real estate - capitalization and depreciation	'
	Capitalization and depreciation— Certain improvements and replacements are capitalized when they extend the useful life of the asset. Qualified development and construction costs, including interest and certain other carrying costs incurred during the construction and/or renovation periods are also capitalized and charged to operations through depreciation over the asset's estimated useful life. The Company ceases capitalization on the portions substantially completed and capitalizes only those costs associated with the portions under development. Repairs and maintenance items are expensed as incurred. Depreciation is computed using the straight-line method of cost recovery over the estimated useful life, which is generally 40 years for facilities, five years for furniture and equipment, the shorter of the remaining lease term or expected life for tenant improvements and the remaining useful life of the facility for facility improvements.
Real estate - purchase price allocation	'
	Purchase price allocation—Upon acquisition of real estate, the Company determines whether the transaction is a business combination, which is accounted for under the acquisition method, or an acquisition of assets. For both types of transactions, the Company recognizes and measures identifiable assets acquired, liabilities assumed and any noncontrolling interest in the acquiree based on their relative fair values. For business combinations, the Company recognizes and measures goodwill or gain from a bargain purchase, if applicable, and expenses acquisition-related costs in the periods in which the costs are incurred and the services are received. For acquisitions of assets, acquisition-related costs are capitalized and recorded in "Real estate, net" on the Company's Consolidated Balance Sheets.
	The Company accounts for its acquisition of properties by recording the purchase price of tangible and intangible assets and liabilities acquired based on their estimated fair values. The value of the tangible assets, consisting of land, buildings, building improvements and tenant improvements is determined as if these assets are vacant. Intangible assets may include the value of above-market leases, in-place leases and the value of customer relationships, which are each recorded at their estimated fair values and included in “Deferred expenses and other assets, net” on the Company's Consolidated Balance Sheets. Intangible liabilities may include the value of below-market leases, which are recorded at their estimated fair values and included in “Accounts payable, accrued expenses and other liabilities” on the Company's Consolidated Balance Sheets. In-place leases and customer relationships are amortized over the remaining non-cancelable term and the amortization expense is included in "Depreciation and amortization" on the Company's Consolidated Statements of Operations. The capitalized above-market (or below-market) lease value is amortized as a reduction of (or, increase to) operating lease income over the remaining non-cancelable term of each lease plus any renewal periods with fixed rental terms that are considered to be below-market. The Company also engages in sale/leaseback transactions and typically executes leases with the occupant simultaneously with the purchase of the net lease asset.
Real estate - impairments and real estate available and held for sale	'
	Impairments—The Company periodically reviews long-lived assets to be held and used for impairment in value whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. The value of a long-lived asset held for use is impaired only if management's estimate of the aggregate future cash flows (undiscounted and without interest charges) to be generated by the asset (taking into account the anticipated holding period of the asset) is less than the carrying value. Such estimate of cash flows considers factors such as expected future operating income trends, as well as the effects of demand, competition and other economic factors. To the extent impairment has occurred, the loss will be measured as the excess of the carrying amount of the property over the estimated fair value of the asset and reflected as an adjustment to the basis of the asset. Impairments of real estate assets that are not held for sale are recorded in "Impairment of assets" on the Company's Consolidated Statements of Operations.
Real estate available and held for sale	'
	Real estate available and held for sale—The Company reports real estate assets to be disposed of at the lower of their carrying amount or estimated fair value less costs to sell and classifies them as “Real estate available and held for sale” on the Company's Consolidated Balance Sheets. If the estimated fair value less costs to sell is less than the carrying value, the difference will be recorded as an impairment charge and included in "Income (loss) from discontinued operations" on the Company's Consolidated Statements of Operations. Once a real estate asset is classified as held for sale, depreciation expense is no longer recorded and historical operating results, including impairments, are reclassified to "Income (loss) from discontinued operations" on the Company's Consolidated Statements of Operations.
	If circumstances arise that were previously considered unlikely and, as a result the Company decides not to sell a property previously classified as held for sale, the property is reclassified as held and used and included in "Real estate, net" on the Company's Consolidated Balance Sheets. The Company measures and records a property that is reclassified as held and used at the lower of (i) its carrying amount before the property was classified as held for sale, adjusted for any depreciation expense that would have been recognized had the property been continuously classified as held and used, or (ii) the estimated fair value at the date of the subsequent decision not to sell.
	The Company reports residential property units to be disposed of at the lower of their carrying amount or estimated fair value less costs to sell and classifies them as “Real estate available and held for sale” on the Company's Consolidated Balance Sheets. If the estimated fair value less costs to sell is less than the carrying value, the difference will be recorded as an impairment charge and included in “Impairment of assets” on the Company's Consolidated Statements of Operations. The net carrying costs for residential property units are recorded in “Real estate expense” on the Company's Consolidated Statements of Operations.
Real estate - dispositions	'
	Dispositions—Sales and the associated gains or losses on real estate assets, including residential property, are recognized in accordance with Accounting Standards Codification ("ASC") 360-20, Real Estate Sales. Sales and the associated gains for residential property are recognized for full profit recognition upon closing of the sale transactions, when the profit is determinable, the earnings process is virtually complete, the parties are bound by the terms of the contract, all consideration has been exchanged, any permanent financing for which the seller is responsible has been arranged and all conditions for closing have been performed. The Company uses the relative sales value method to allocate costs. Profits on sales of residential property are included in "Income from sales of residential property" and gains on sales of net lease assets or commercial operating properties are recorded in “Gains from discontinued operations” on the Company's Consolidated Statements of Operations.
Loans receivable and other lending investments, net	'
	Loans receivable and other lending investments, net—Loans receivable and other lending investments, net includes the following investments: senior mortgages, subordinate mortgages, corporate/partnership loans and preferred equity investments. Management considers nearly all of its loans to be held-for-investment, although certain investments may be classified as held-for-sale or available-for-sale.
	Loans receivable classified as held-for-investment and debt securities classified as held-to-maturity are reported at their outstanding unpaid principal balance, and include unamortized acquisition premiums or discounts and unamortized deferred loan costs or fees. These loans and debt securities also include accrued and paid-in-kind interest and accrued exit fees that the Company determines are probable of being collected. Debt securities classified as available-for-sale are reported at fair value with unrealized gains and losses included in "Accumulated other comprehensive income (loss)" on the Company's Consolidated Balance Sheets.
	Loans receivable and other lending investments designated for sale are classified as held-for-sale and are carried at lower of amortized historical cost or estimated fair value. The amount by which carrying value exceeds fair value is recorded as a valuation allowance. Subsequent changes in the valuation allowance are included in the determination of net income (loss) in the period in which the change occurs.
Debt securities, other than temporary impairment	'
	For held-to-maturity and available-for-sale debt securities held in "Loans receivable and other lending investments, net," management evaluates whether the asset is other-than-temporarily impaired when the fair market value is below carrying value. The Company considers debt securities other-than-temporarily impaired if (1) the Company has the intent to sell the security, (2) it is more likely than not that it will be required to sell the security before recovery, or (3) it does not expect to recover the entire amortized cost basis of the security. If it is determined that an other-than-temporary impairment exists, the portion related to credit losses, where the Company does not expect to recover its entire amortized cost basis, will be recognized as an "Impairment of assets" on the Company's Consolidated Statements of Operations. If the Company does not intend to sell the security and it is more likely than not that the entity will not be required to sell the security, but the security has suffered a credit loss, the impairment charge will be separated. The credit loss component of the impairment will be recorded as an "Impairment of assets" on the Company's Consolidated Statements of Operations, and the remainder will be recorded in "Accumulated other comprehensive income (loss)" on the Company's Consolidated Balance Sheets.
Equity and cost method investments	'
	Equity and cost method investments—Equity interests are accounted for pursuant to the equity method of accounting if the Company can significantly influence the operating and financial policies of an investee. This is generally presumed to exist when ownership interest is between 20% and 50% of a corporation, or greater than 5% of a limited partnership or certain limited liability companies. The Company's periodic share of earnings and losses in equity method investees is included in "Earnings from equity method investments" on the Consolidated Statements of Operations. When the Company's ownership position is too small to provide such influence, the cost method is used to account for the equity interest. Equity and cost method investments are included in "Other investments" on the Company's Consolidated Balance Sheets.
	To the extent that the Company contributes assets to an unconsolidated subsidiary, the Company’s investment in the subsidiary is recorded at the Company’s cost basis in the assets that were contributed to the unconsolidated subsidiary. To the extent that the Company’s cost basis is different from the basis reflected at the subsidiary level, the basis difference is amortized over the life of the related assets and included in the Company’s share of equity in net (loss) income of the unconsolidated subsidiary. The Company recognizes gains on the contribution of real estate to unconsolidated subsidiaries, relating solely to the outside partner’s interest, to the extent the economic substance of the transaction is a sale. The Company recognizes a loss when it contributes property to an unconsolidated subsidiary and receives a disproportionately small interest in the subsidiary based on a comparison of the carrying amount of the property with the cash and other consideration contributed by the other investors.
	The Company periodically reviews equity method investments for impairment in value whenever events or changes in circumstances indicate that the carrying amount of such investments may not be recoverable. The Company will record an impairment charge to the extent that the estimated fair value of an investment is less than its carrying value and the Company determines the impairment is other-than-temporary. Impairment charges are recorded in "Earnings from equity method investments" on the Company's Consolidated Statements of Operations.
Cash and cash equivalents	'
	Cash and cash equivalents—Cash and cash equivalents include cash held in banks or invested in money market funds with original maturity terms of less than 90 days.
Restricted cash	'
	Restricted cash—Restricted cash represents amounts required to be maintained under certain of the Company's debt obligations, loans, leasing, land development, sale and derivative transactions.
Variable interest entities	'
	Variable interest entities—The Company evaluated its investments and other contractual arrangements to determine if they constitute variable interests in a VIE. A VIE is an entity where a controlling financial interest is achieved through means other than voting rights. A VIE is consolidated by the primary beneficiary, which is the party that has the power to direct matters that most significantly impact the activities of the VIE and has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. This overall consolidation assessment includes a review of, among other factors, which interests create or absorb variability, contractual terms, the key decision making powers, their impact on the VIE's economic performance, and related party relationships. Where qualitative assessment is not conclusive, the Company performs a quantitative analysis. The Company reassesses its evaluation of the primary beneficiary of a VIE on an ongoing basis and assesses its evaluation of an entity as a VIE upon certain reconsideration events.
	The Company has investments in certain funds that meet the deferral criteria in Accounting Standards Update ("ASU") 2010-10 and will continue to assess consolidation of these entities under the overall guidance on the consolidation of VIEs in ASC 810-10. The consolidation evaluation is similar to the process noted above, except that the primary beneficiary is the party that will receive a majority of the VIE's anticipated losses, a majority of the VIE's expected residual returns, or both. In addition, for entities that meet the deferral criteria, the Company reassesses its initial evaluation of the primary beneficiary and whether an entity is a VIE upon the occurrence of certain reconsideration events.
Deferred expenses	'
	Deferred expenses—Deferred expenses include leasing costs and financing fees. Leasing costs include brokerage, legal and other costs which are amortized over the life of the respective leases. External fees and costs incurred to obtain long-term financing have been deferred and are amortized over the term of the respective borrowing using the effective interest method or the straight line method, as appropriate. Amortization of leasing costs is included in "Depreciation and amortization" and amortization of deferred financing fees is included in "Interest expense" on the Company's Consolidated Statements of Operations.
Identified intangible assets	'
	Identified intangible assets and liabilities—Upon the acquisition of a business, the Company records intangible assets or liabilities acquired at their estimated fair values separate and apart from goodwill. The Company determines whether such intangible assets or liabilities have finite or indefinite lives. As of December 31, 2013, all such intangible assets and liabilities acquired by the Company have finite lives. Intangible assets are included in "Deferred expenses and other assets, net" and intangible liabilities are included in "Accounts payable, accrued expenses and other liabilities" on the Company's Consolidated Balance Sheets. The Company amortizes finite lived intangible assets and liabilities based on the period over which the assets are expected to contribute directly or indirectly to the future cash flows of the business acquired. The Company reviews finite lived intangible assets for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. If the Company determines the carrying value of an intangible asset is not recoverable it will record an impairment charge to the extent its carrying value exceeds its estimated fair value. Impairments of intangible assets are recorded in "Impairment of assets" on the Company's Consolidated Statements of Operations.
Revenue recognition	'
	Revenue recognition—The Company's revenue recognition policies are as follows:
	Operating lease income: The Company's leases have all been determined to be operating leases based on an analysis performed in accordance with ASC 840. Operating lease income is recognized on the straight-line method of accounting, generally from the later of the date the lessee takes possession of the space and it is ready for its intended use or the date of acquisition of the facility subject to existing leases. Accordingly, contractual lease payment increases are recognized evenly over the term of the lease. The periodic difference between lease revenue recognized under this method and contractual lease payment terms is recorded as "Deferred operating lease income receivable," on the Company's Consolidated Balance Sheets.
	The Company also recognizes revenue from certain tenant leases for reimbursements of all or a portion of operating expenses, including common area costs, insurance, utilities and real estate taxes of the respective property. This revenue is accrued in the same periods as the expense is incurred and is recorded as “Operating lease income” on the Company's Consolidated Statements of Operations. Revenue is also recorded from certain tenant leases that is contingent upon tenant sales exceeding defined thresholds. These rents are recognized only after the defined threshold has been met for the period.
	Management estimates losses within its operating lease income receivable and deferred operating lease income receivable balances as of the balance sheet date and incorporates an asset-specific component, as well as a general, formula-based reserve based on management's evaluation of the credit risks associated with these receivables. At December 31, 2013 and 2012, the total allowance for doubtful accounts related to tenant receivables, including deferred operating lease income receivable, was $5.9 million and $5.6 million, respectively.
	Interest Income: Interest income on loans receivable is recognized on an accrual basis using the interest method.
	On occasion, the Company may acquire loans at premiums or discounts. These discounts and premiums in addition to any deferred costs or fees, are typically amortized over the contractual term of the loan using the interest method. Exit fees are also recognized over the lives of the related loans as a yield adjustment, if management believes it is probable that such amounts will be received. If loans with premiums, discounts, loan origination or exit fees are prepaid, the Company immediately recognizes the unamortized portion, which is included in "Other income" on the Company's Consolidated Statements of Operations.
	The Company considers a loan to be non-performing and places loans on non-accrual status at such time as: (1) the loan becomes 90 days delinquent; (2) the loan has a maturity default; or (3) management determines it is probable that it will be unable to collect all amounts due according to the contractual terms of the loan. While on non-accrual status, based on the Company's judgment as to collectability of principal, loans are either accounted for on a cash basis, where interest income is recognized only upon actual receipt of cash, or on a cost-recovery basis, where all cash receipts reduce a loan's carrying value. Non-accrual loans are returned to accrual status when a loan has become contractually current and management believes all amounts contractually owed will be received.
	Certain of the Company's loans contractually provide for accrual of interest at specified rates that differ from current payment terms. Interest is recognized on such loans at the accrual rate subject to management's determination that accrued interest and outstanding principal are ultimately collectible, based on the underlying collateral and operations of the borrower.
	Prepayment penalties or yield maintenance payments from borrowers are recognized as additional income when received. Certain of the Company's loan investments provide for additional interest based on the borrower's operating cash flow or appreciation of the underlying collateral. Such amounts are considered contingent interest and are reflected as interest income only upon receipt of cash.
	The Company holds certain loans initially acquired at a discount, for which it was probable, at acquisition, that all contractually required payments would not be received. The Company does not have a reasonable expectation about the timing and amount of cash flows expected to be collected on these loans and recognizes income when cash is received.
	Other income: Other income includes revenues from hotel operations, which are recognized when rooms are occupied and the related services are provided. Revenues include room sales, food and beverage sales, parking, telephone, spa services and gift shop sales.
Revenue recognition, leases	'
	Operating lease income: The Company's leases have all been determined to be operating leases based on an analysis performed in accordance with ASC 840. Operating lease income is recognized on the straight-line method of accounting, generally from the later of the date the lessee takes possession of the space and it is ready for its intended use or the date of acquisition of the facility subject to existing leases. Accordingly, contractual lease payment increases are recognized evenly over the term of the lease. The periodic difference between lease revenue recognized under this method and contractual lease payment terms is recorded as "Deferred operating lease income receivable," on the Company's Consolidated Balance Sheets.
	The Company also recognizes revenue from certain tenant leases for reimbursements of all or a portion of operating expenses, including common area costs, insurance, utilities and real estate taxes of the respective property. This revenue is accrued in the same periods as the expense is incurred and is recorded as “Operating lease income” on the Company's Consolidated Statements of Operations. Revenue is also recorded from certain tenant leases that is contingent upon tenant sales exceeding defined thresholds. These rents are recognized only after the defined threshold has been met for the period.
Revenue recognition, operating lease income	'
	Management estimates losses within its operating lease income receivable and deferred operating lease income receivable balances as of the balance sheet date and incorporates an asset-specific component, as well as a general, formula-based reserve based on management's evaluation of the credit risks associated with these receivables. At December 31, 2013 and 2012, the total allowance for doubtful accounts related to tenant receivables, including deferred operating lease income receivable, was $5.9 million and $5.6 million, respectively.
Revenue recognition, interest income	'
	Interest Income: Interest income on loans receivable is recognized on an accrual basis using the interest method.
	On occasion, the Company may acquire loans at premiums or discounts. These discounts and premiums in addition to any deferred costs or fees, are typically amortized over the contractual term of the loan using the interest method. Exit fees are also recognized over the lives of the related loans as a yield adjustment, if management believes it is probable that such amounts will be received. If loans with premiums, discounts, loan origination or exit fees are prepaid, the Company immediately recognizes the unamortized portion, which is included in "Other income" on the Company's Consolidated Statements of Operations.
	The Company considers a loan to be non-performing and places loans on non-accrual status at such time as: (1) the loan becomes 90 days delinquent; (2) the loan has a maturity default; or (3) management determines it is probable that it will be unable to collect all amounts due according to the contractual terms of the loan. While on non-accrual status, based on the Company's judgment as to collectability of principal, loans are either accounted for on a cash basis, where interest income is recognized only upon actual receipt of cash, or on a cost-recovery basis, where all cash receipts reduce a loan's carrying value. Non-accrual loans are returned to accrual status when a loan has become contractually current and management believes all amounts contractually owed will be received.
	Certain of the Company's loans contractually provide for accrual of interest at specified rates that differ from current payment terms. Interest is recognized on such loans at the accrual rate subject to management's determination that accrued interest and outstanding principal are ultimately collectible, based on the underlying collateral and operations of the borrower.
	Prepayment penalties or yield maintenance payments from borrowers are recognized as additional income when received. Certain of the Company's loan investments provide for additional interest based on the borrower's operating cash flow or appreciation of the underlying collateral. Such amounts are considered contingent interest and are reflected as interest income only upon receipt of cash.
	The Company holds certain loans initially acquired at a discount, for which it was probable, at acquisition, that all contractually required payments would not be received. The Company does not have a reasonable expectation about the timing and amount of cash flows expected to be collected on these loans and recognizes income when cash is received.
Revenue recognition, other income	'
	Other income: Other income includes revenues from hotel operations, which are recognized when rooms are occupied and the related services are provided. Revenues include room sales, food and beverage sales, parking, telephone, spa services and gift shop sales.
Reserve for loan losses	'
	Reserve for loan losses—The reserve for loan losses reflects management's estimate of loan losses inherent in the loan portfolio as of the balance sheet date. The reserve is increased through "Provision for loan losses" on the Company's Consolidated Statements of Operations and is decreased by charge-offs when losses are confirmed through the receipt of assets such as cash in a pre-foreclosure sale or via ownership control of the underlying collateral in full satisfaction of the loan upon foreclosure or when significant collection efforts have ceased. The Company has one portfolio segment, represented by commercial real estate lending, whereby it utilizes a uniform process for determining its reserve for loan losses. The reserve for loan losses includes a general, formula-based component and an asset-specific component.
	The general reserve component covers performing loans and reserves for loan losses are recorded when (i) available information as of each balance sheet date indicates that it is probable a loss has occurred in the portfolio and (ii) the amount of the loss can be reasonably estimated. The formula-based general reserve is derived from estimated principal default probabilities and loss severities applied to groups of loans based upon risk ratings assigned to loans with similar risk characteristics during the Company's quarterly loan portfolio assessment. During this assessment, the Company performs a comprehensive analysis of its loan portfolio and assigns risk ratings to loans that incorporate management's current judgments about their credit quality based on all known and relevant internal and external factors that may affect collectability. The Company considers, among other things, payment status, lien position, borrower financial resources and investment in collateral, collateral type, project economics and geographical location as well as national and regional economic factors. This methodology results in loans being segmented by risk classification into risk rating categories that are associated with estimated probabilities of default and principal loss. Ratings range from "1" to "5" with "1" representing the lowest risk of loss and "5" representing the highest risk of loss. The Company estimates loss rates based on historical realized losses experienced within its portfolio and takes into account current economic conditions affecting the commercial real estate market when establishing appropriate time frames to evaluate loss experience.
	The asset-specific reserve component relates to reserves for losses on impaired loans. The Company considers a loan to be impaired when, based upon current information and events, it believes that it is probable that the Company will be unable to collect all amounts due under the contractual terms of the loan agreement. This assessment is made on a loan-by-loan basis each quarter based on such factors as payment status, lien position, borrower financial resources and investment in collateral, collateral type, project economics and geographical location as well as national and regional economic factors. A reserve is established for an impaired loan when the present value of payments expected to be received, observable market prices, or the estimated fair value of the collateral (for loans that are dependent on the collateral for repayment) is lower than the carrying value of that loan.
	Substantially all of the Company's impaired loans are collateral dependent and impairment is measured using the estimated fair value of collateral, less costs to sell. The Company generally uses the income approach through internally developed valuation models to estimate the fair value of the collateral for such loans. In more limited cases, the Company obtains external "as is" appraisals for loan collateral, generally when third party participations exist. Valuations are performed or obtained at the time a loan is determined to be impaired and designated non-performing, and they are updated if circumstances indicate that a significant change in value has occurred. In limited cases, appraised values may be discounted when real estate markets rapidly deteriorate.
	A loan is also considered impaired if its terms are modified in a troubled debt restructuring ("TDR"). A TDR occurs when the Company has granted a concession and the debtor is experiencing financial difficulties. Impairments on TDR loans are generally measured based on the present value of expected future cash flows discounted at the effective interest rate of the original loan.
Gain or loss on debt extinguishments	'
	Gain or loss on debt extinguishments—The Company recognizes the difference between the reacquisition price of debt and the net carrying amount of extinguished debt currently in earnings. Such amounts may include prepayment penalties or the write-off of unamortized debt issuance costs, and are recorded in “Gain (loss) on early extinguishment of debt, net” on the Company's Consolidated Statements of Operations.
Derivative instruments and hedging activity	'
	Derivative instruments and hedging activity—The Company's use of derivative financial instruments is primarily limited to the utilization of interest rate swaps, interest rate caps or other instruments to manage interest rate risk exposure and foreign exchange contracts to manage our risk to changes in foreign currencies.
	The Company recognizes derivatives as either assets or liabilities on the Company's Consolidated Balance Sheets at fair value. If certain conditions are met, a derivative may be specifically designated as a hedge of the exposure to changes in the fair value of a recognized asset or liability, a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability.
	For derivatives designated as net investment hedges, the effective portion of changes in the fair value of the derivatives are reported in Accumulated Other Comprehensive Income as part of the cumulative translation adjustment. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. Amounts are reclassified out of Accumulated Other Comprehensive Income into earnings when the hedged net investment is either sold or substantially liquidated.
	Derivatives that are not designated hedges are considered economic hedges, with changes in fair value reported in current earnings in "Other expense" on the Company's Consolidated Statements of Operations. The Company does not enter into derivatives for trading purposes.
Stock-based compensation	'
	Stock-based compensation—Compensation cost for stock-based awards is measured on the grant date and adjusted over the period of the employees' services to reflect (i) actual forfeitures and (ii) the outcome of awards with performance or service conditions through the requisite service period. The Company recognizes compensation cost for performance-based awards if and when the Company concludes that it is probable that the performance condition will be achieved. Compensation cost for market condition-based awards is determined using a Monte Carlo model to simulate a range of possible future stock prices for the Company's Common Stock, which is reflected in the grant date fair value. All compensation cost for market-condition based awards in which the service conditions are met is recognized regardless of whether the market condition is satisfied. Compensation costs are recognized ratably over the applicable vesting/service period and recorded in "General and administrative" on the Company's Consolidated Statements of Operations.
Income taxes	'
	Income taxes—The Company has elected to be qualified and taxed as a REIT under section 856 through 860 of the Internal Revenue Code of 1986, as amended (the "Code"). The Company is subject to federal income taxation at corporate rates on its REIT taxable income, however, the Company is allowed a deduction for the amount of dividends paid to its shareholders, thereby subjecting the distributed net income of the Company to taxation at the shareholder level only. While it must distribute at least 90% of its taxable income in order to maintain its REIT status, the Company typically distributes all of its taxable income, if any, in order to minimize any tax on undistributed taxable income. In addition, the Company is allowed several other deductions in computing its REIT taxable income, including non-cash items such as depreciation expense and certain specific reserve amounts that the Company deems to be uncollectable. These deductions allow the Company to reduce its dividend payout requirement under federal tax laws. In addition, the Company has made foreclosure elections for certain properties acquired through foreclosure which allows the Company to operate these properties within the REIT but subjects them to certain tax obligations. The carrying value of assets with foreclosure elections as of December 31, 2013 is $1.12 billion. The Company intends to operate in a manner consistent with and its election to be treated as a REIT for tax purposes. As of December 31, 2012, the Company had $634.2 million of net operating loss carryforwards at the corporate REIT level, which can generally be used to offset both ordinary and capital taxable income in future years and will expire through 2032 if unused. The amount of net operating loss carryforwards as of December 31, 2013 will be subject to finalization of the Company's 2013 tax return. The Company recognizes interest expense and penalties related to uncertain tax positions, if any, as "Income tax (expense) benefit" on the Company's Consolidated Statements of Operations.
	The Company can participate in certain activities from which it would be otherwise precluded in order to maintain its qualification as a REIT, as long as these activities are conducted in entities which elect to be treated as taxable subsidiaries under the Code, subject to certain limitations. As such, the Company, through its taxable REIT subsidiaries ("TRSs"), is engaged in various real estate related opportunities, primarily related to managing activities related to certain foreclosed assets, as well as managing various investments in equity affiliates. As of December 31, 2013, $633.9 million of the Company's assets were owned by TRS entities. The Company's TRS entities are not consolidated for federal income tax purposes and are taxed as corporations. For financial reporting purposes, current and deferred taxes are provided for on the portion of earnings recognized by the Company with respect to its interest in TRS entities.
	The following represents the Company's TRS income tax expense ($ in thousands):
			For the Years Ended December 31,
			2013			2012			2011
	Current tax (expense) benefit		$	659		$	(8,445	)	$	(9,010	)
	Deferred tax (expense) benefit		—			—			13,729
	Total income tax (expense) benefit		$	659		$	(8,445	)	$	4,719
	During the year ended December 31, 2013, the Company's TRS entities generated a taxable loss of $1.8 million, resulting in current tax benefit of $0.7 million. During the year ended December 31, 2012, the Company's TRS entities generated taxable income of $42.2 million which was partially offset by the utilization of net operating loss carryforwards, resulting in current tax expense of $8.4 million. During the year ended December 31, 2011, the Company's TRS entities generated taxable income of $75.8 million, which was partially offset by the utilization of net operating loss carryforwards, resulting in tax expense of $9.0 million. In addition, during the year ended December 31, 2011, the Company sold its investment in Oak Hill Advisors L.P. (see Note 6) and recognized a deferred tax benefit resulting from the reversal of a deferred tax liability associated with the investment.
	Total cash paid for taxes for the years ended December 31, 2013, 2012 and 2011, was $9.2 million, $5.5 million and $8.5 million, respectively.
	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, as well as operating loss and tax credit carryforwards. The Company evaluates the realizability of its deferred tax assets and recognizes a valuation allowance if, based on the available evidence, both positive and negative, it is more likely than not that some portion or all of its deferred tax assets will not be realized. When evaluating the realizability of its deferred tax assets, the Company considers, among other matters, estimates of expected future taxable income, nature of current and cumulative losses, existing and projected book/tax differences, tax planning strategies available, and the general and industry specific economic outlook. This realizability analysis is inherently subjective, as it requires the Company to forecast its business and general economic environment in future periods. Based on an assessment of all factors, including historical losses and continued volatility of the activities within the TRS entities, it was determined that full valuation allowances were required on the net deferred tax assets as of December 31, 2013 and 2012, respectively. Changes in estimate of deferred tax asset realizability, if any are included in "Income tax (expense) benefit" on the Consolidated Statements of Operations.
	Deferred tax assets and liabilities of the Company's TRS entities were as follows ($ in thousands):
			As of December 31,
			2013			2012
	Deferred tax assets(1)		$	55,962		$	40,800
	Valuation allowance		(55,962		)	(40,800		)
	Net deferred tax assets (liabilities)		$	—		$	—
	Explanatory Note:
	_______________________________________________________________________________
	-1	Deferred tax assets as of December 31, 2013, include real estate basis differences of $33.0 million, net operating loss carryforwards of $14.9 million and investment basis differences of $8.1 million. Deferred tax assets as of December 31, 2012, include real estate basis differences of $31.2 million, net operating loss carryforwards of $10.8 million and investment basis differences of $(1.2) million.
Earnings per share	'
	Earnings per share—The Company uses the two-class method in calculating EPS when it issues securities other than common stock that contractually entitle the holder to participate in dividends and earnings of the Company when, and if, the Company declares dividends on its common stock. Vested HPU shares are entitled to dividends of the Company when dividends are declared. Basic earnings per share ("Basic EPS") for the Company's Common Stock and HPU shares are computed by dividing net income allocable to common shareholders and HPU holders by the weighted average number of shares of Common Stock and HPU shares outstanding for the period, respectively. Diluted earnings per share ("Diluted EPS") is calculated similarly, however, it reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, where such exercise or conversion would result in a lower earnings per share amount.
	Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are deemed a "Participating Security" and are included in the computation of earnings per share pursuant to the two-class method. The Company's unvested restricted stock units and restricted stock awards with rights to dividends and common stock equivalents issued under its Long-Term Incentive Plans are considered Participating Securities and have been included in the two-class method when calculating EPS.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables) (Taxable REIT Subsidiaries (TRSs))	12 Months Ended
	Dec. 31, 2013
Taxable REIT Subsidiaries (TRSs)	'
Income Taxes [Line Items]	'
Schedule of entity's TRS income tax expense	'
	The following represents the Company's TRS income tax expense ($ in thousands):
			For the Years Ended December 31,
			2013			2012			2011
	Current tax (expense) benefit		$	659		$	(8,445	)	$	(9,010	)
	Deferred tax (expense) benefit		—			—			13,729
	Total income tax (expense) benefit		$	659		$	(8,445	)	$	4,719
Schedule of deferred tax assets and liabilities of the entity's TRS entities	'
	Deferred tax assets and liabilities of the Company's TRS entities were as follows ($ in thousands):
			As of December 31,
			2013			2012
	Deferred tax assets(1)		$	55,962		$	40,800
	Valuation allowance		(55,962		)	(40,800		)
	Net deferred tax assets (liabilities)		$	—		$	—
	Explanatory Note:
	_______________________________________________________________________________
	-1	Deferred tax assets as of December 31, 2013, include real estate basis differences of $33.0 million, net operating loss carryforwards of $14.9 million and investment basis differences of $8.1 million. Deferred tax assets as of December 31, 2012, include real estate basis differences of $31.2 million, net operating loss carryforwards of $10.8 million and investment basis differences of $(1.2) million.

Real_Estate_Tables

Real Estate (Tables)	12 Months Ended
	Dec. 31, 2013
Real Estate [Abstract]	'
Schedule of Real Estate Assets	'
	The Company's real estate assets were comprised of the following ($ in thousands):
		Net Lease			Operating			Land			Total
					Properties
	As of December 31, 2013
	Land and land improvements	$	350,817		$	132,934		$	803,238		$	1,286,989
	Buildings and improvements	1,346,071			587,574			—			1,933,645
	Less: accumulated depreciation and amortization	(338,640		)	(82,420		)	(3,393		)	(424,453		)
	Real estate, net	$	1,358,248		$	638,088		$	799,845		$	2,796,181
	Real estate available and held for sale	—			228,328			132,189			360,517
	Total real estate	$	1,358,248		$	866,416		$	932,034		$	3,156,698
	As of December 31, 2012
	Land and land improvements	$	344,239		$	132,028		$	786,114		$	1,262,381
	Buildings and improvements	1,282,571			572,453			—			1,855,024
	Less: accumulated depreciation and amortization	(310,605		)	(65,409		)	(2,292		)	(378,306		)
	Real estate, net	$	1,316,205		$	639,072		$	783,822		$	2,739,099
	Real estate available and held for sale	—			454,587			181,278			635,865
	Total real estate	$	1,316,205		$	1,093,659		$	965,100		$	3,374,964
Schedule of Real Estate Asset Reclassifications	'
	In connection with the reclassification of these assets to held and used, the Company reclassified their results of operations for each of the periods presented, as follows:
		For the Years Ended December 31,
		2012			2011
	Other income	$	21,148		$	21,663
	Real estate expenses	$	(22,603	)	$	(24,297	)
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures	'
	The following table summarizes income (loss) from discontinued operations for the years ended December 31, 2013, 2012 and 2011, respectively ($ in thousands):
		For the Years Ended December 31,
		2013			2012			2011
	Revenues	$	5,545		$	14,132		$	23,090
	Total expenses	(3,138		)	(9,037		)	(19,457		)
	Impairment of assets	(1,763		)	(22,576		)	(9,147		)
	Income (loss) from discontinued operations	$	644		$	(17,481	)	$	(5,514	)
Schedule of Future Minimum Rental Payments for Operating Leases	'
	Future Minimum Operating Lease Payments—Future minimum operating lease payments under non-cancelable leases, excluding customer reimbursements of expenses, in effect at December 31, 2013, are as follows ($ in thousands):
	Year		Net Lease Assets			Operating Properties
	2014		$	132,996		$	53,283
	2015		$	133,272		$	48,851
	2016		$	131,738		$	46,476
	2017		$	125,142		$	44,516
	2018		$	123,464		$	37,979
	Future minimum lease obligations under non-cancelable operating leases are as follows ($ in thousands):
	2014	$	5,797
	2015	$	5,287
	2016	$	5,408
	2017	$	5,023
	2018	$	4,179
	Thereafter	$	11,709

Loans_Receivable_and_Other_Len1

Loans Receivable and Other Lending Investments, net (Tables)	12 Months Ended
	Dec. 31, 2013
Receivables [Abstract]	'
Schedule of the Company's loans and other lending investments by class	'
	The following is a summary of the Company's loans receivable and other lending investments by class ($ in thousands):
		As of December 31,
	Type of Investment	2013				2012
	Senior mortgages	$	1,071,662			$	1,751,256
	Subordinate mortgages	60,679				152,737
	Corporate/Partnership loans	473,045				450,491
	Total gross carrying value of loans	$	1,605,386			$	2,354,484
	Reserves for loan losses	(377,204		)		(524,499		)
	Total loans receivable, net	$	1,228,182			$	1,829,985
	Other lending investments—securities	141,927				—
	Total loans receivable and other lending investments, net(1)	$	1,370,109			$	1,829,985
	Explanatory Note:
	_______________________________________________________________________________
	-1	The Company's recorded investment in loans as of December 31, 2013 and 2012 also includes accrued interest of $6.5 million and $9.8 million, respectively, which are included in "Accrued interest and operating lease income receivable, net" on the Company's Consolidated Balance Sheets.
Schedule of changes in the Company's reserve for loan losses	'
	Reserve for loan losses—Changes in the Company's reserve for loan losses were as follows ($ in thousands):
		For the Years Ended December 31,
		2013				2012				2011
	Reserve for loan losses at beginning of period	$	524,499			$	646,624			$	814,625
	Provision for loan losses(1)	5,489				81,740				46,412
	Charge-offs	(152,784		)		(203,865		)		(214,413		)
	Reserve for loan losses at end of period	$	377,204			$	524,499			$	646,624
	Explanatory Note:
	_______________________________________________________________________________
	-1	For the years ended December 31, 2013, 2012 and 2011, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $63.1 million, $4.6 million and $23.6 million, respectively.
Schedule of recorded investment in loans and associated reserve for loan losses	'
	The Company's recorded investment in loans (comprised of a loan's carrying value plus accrued interest) and the associated reserve for loan losses were as follows ($ in thousands):
		Individually				Collectively				Loans Acquired				Total
		Evaluated for				Evaluated for				with Deteriorated
		Impairment(1)				Impairment(2)				Credit Quality(3)
	As of December 31, 2013
	Loans	$	752,425			$	849,613			$	9,889			$	1,611,927
	Less: Reserve for loan losses	(348,004		)		(29,200		)		—				(377,204		)
	Total	$	404,421			$	820,413			$	9,889			$	1,234,723
	As of December 31, 2012
	Loans	$	1,095,957			$	1,210,077			$	58,281			$	2,364,315
	Less: Reserve for loan losses	(472,058		)		(33,100		)		(19,341		)		(524,499		)
	Total	$	623,899			$	1,176,977			$	38,940			$	1,839,816
	Explanatory Notes:
	_______________________________________________________________________________
	-1	The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs aggregating to a net premium of $0.5 million and a net discount of $4.0 million as of December 31, 2013 and 2012, respectively. The Company's loans individually evaluated for impairment primarily represent loans on non-accrual status and therefore, the unamortized amounts associated with these loans are not currently being amortized into income.
	-2	The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs aggregating to a net discount of $4.6 million and $3.8 million as of December 31, 2013 and 2012, respectively.
	-3	The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs aggregating to a net premium of $0.4 million and $0.1 million as of December 31, 2013 and 2012, respectively. These loans had cumulative principal balances of $10.2 million and $58.8 million, as of December 31, 2013 and 2012, respectively.
Schedule of investment in performing loans, presented by class and by credit quality, as indicated by risk rating	'
	The Company's recorded investment in performing loans, presented by class and by credit quality, as indicated by risk rating, was as follows ($ in thousands):
		As of
		December 31, 2013							December 31, 2012
		Performing				Weighted			Performing				Weighted
		Loans				Average			Loans				Average
						Risk Ratings							Risk Ratings
	Senior mortgages	$	591,145			2.5			$	840,593			2.75
	Subordinate mortgages	61,364				3.37			99,698				2.27
	Corporate/Partnership loans	438,831				3.88			444,772				3.69
	Total	$	1,091,340			3.11			$	1,385,063			3.01
Schedule of recorded investment in loans, aged by payment status and presented by class	'
	As of December 31, 2013, the Company's recorded investment in loans, aged by payment status and presented by class, were as follows ($ in thousands):
		Current				Less Than				Greater				Total				Total
						and Equal				Than				Past Due
						to 90 Days				90 Days
	Senior mortgages	$	625,267			$	—			$	449,085			$	449,085			$	1,074,352
	Subordinate mortgages	61,364				—				—				—				61,364
	Corporate/Partnership loans	476,211				—				—				—				476,211
	Total	$	1,162,842			$	—			$	449,085			$	449,085			$	1,611,927
Schedule of recorded investment in impaired loans, presented by class	'
	Impaired Loans—The Company's recorded investment in impaired loans, presented by class, were as follows ($ in thousands)(1):
		As of December 31, 2013												As of December 31, 2012
		Recorded				Unpaid				Related				Recorded				Unpaid				Related
		Investment				Principal				Allowance				Investment				Principal				Allowance
						Balance												Balance
	With no related allowance recorded:
	Senior mortgages	$	3,012			$	2,992			$	—			$	108,077			$	107,850			$	—
	Corporate/Partnership loans	—				—				—				10,110				10,160				—
	Subtotal	$	3,012			$	2,992			$	—			$	118,187			$	118,010			$	—
	With an allowance recorded:
	Senior mortgages	$	650,337			$	645,463			$	(304,544	)		$	918,975			$	918,496			$	(442,760	)
	Subordinate mortgages	—				—				—				53,979				53,679				(39,579		)
	Corporate/Partnership loans	99,076				99,067				(43,460		)		63,096				63,246				(9,060		)
	Subtotal	$	749,413			$	744,530			$	(348,004	)		$	1,036,050			$	1,035,421			$	(491,399	)
	Total:
	Senior mortgages	$	653,349			$	648,455			$	(304,544	)		$	1,027,052			$	1,026,346			$	(442,760	)
	Subordinate mortgages	—				—				—				53,979				53,679				(39,579		)
	Corporate/Partnership loans	99,076				99,067				(43,460		)		73,206				73,406				(9,060		)
	Total	$	752,425			$	747,522			$	(348,004	)		$	1,154,237			$	1,153,431			$	(491,399	)
	Explanatory Note:
	_______________________________________________________________________________
	-1	All of the Company's non-accrual loans are considered impaired and included in the table above. In addition, as of December 31, 2013 and 2012, certain loans modified through troubled debt restructurings with a recorded investment of $231.8 million and $175.0 million, respectively, are also included as impaired loans in accordance with GAAP although they are performing and on accrual status.
Schedule of average recorded investment in impaired loans and interest income recognized, presented by class	'
	The Company's average recorded investment in impaired loans and interest income recognized, presented by class, were as follows ($ in thousands):
		For the Years Ended December 31,
		2013								2012								2011
		Average				Interest				Average				Interest				Average				Interest
		Recorded				Income				Recorded				Income				Recorded				Income
		Investment				Recognized				Investment				Recognized				Investment				Recognized
	With no related allowance recorded:
	Senior mortgages	$	31,409			$	9,269			$	162,093			$	2,765			$	309,079			$	31,799
	Corporate/Partnership loans	8,062				6,050				10,110				160				10,110				680
	Subtotal	$	39,471			$	15,319			$	172,203			$	2,925			$	319,189			$	32,479
	With an allowance recorded:
	Senior mortgages	$	794,247			$	1,976			$	1,064,045			$	3,865			$	1,608,486			$	7,187
	Subordinate mortgages	32,382				—				52,208				—				19,477				—
	Corporate/Partnership loans	77,661				323				62,248				312				66,087				332
	Subtotal	$	904,290			$	2,299			$	1,178,501			$	4,177			$	1,694,050			$	7,519
	Total:
	Senior mortgages	$	825,656			$	11,245			$	1,226,138			$	6,630			$	1,917,565			$	38,986
	Subordinate mortgages	32,382				—				52,208				—				19,477				—
	Corporate/Partnership loans	85,723				6,373				72,358				472				76,197				1,012
	Total	$	943,761			$	17,618			$	1,350,704			$	7,102			$	2,013,239			$	39,998
Schedule of troubled debt restructurings, presented by class	'
	The recorded investment in these loans was impacted by the modifications as follows, presented by class ($ in thousands):
		For the Years Ended December 31,
		2013											2012
		Number			Pre-Modification				Post-Modification				Number			Pre-Modification				Post-Modification
		of Loans			Outstanding				Outstanding				of Loans			Outstanding				Outstanding
					Recorded				Recorded							Recorded				Recorded
					Investment				Investment							Investment				Investment
	Senior mortgages	6			$	179,030			$	154,278			8			$	319,667			$	272,753
Schedule of troubled debt restructurings that subsequently defaulted	'
	Troubled debt restructurings that subsequently defaulted during the period were as follows ($ in thousands):
		For the Years Ended December 31,
		2013							2012
		Number			Outstanding				Number			Outstanding
		of Loans			Recorded				of Loans			Recorded
					Investment							Investment
	Senior mortgages	1			$	26,693			1			$	18,511
Marketable securities	'
	As of December 31, 2013, Other lending investments—securities includes the following ($ in thousands):
		Face Value				Amortized Cost Basis				Net Unrealized Gain (Loss)				Estimated Fair Value				Net Carrying Value
	Available-for-Sale Securities
	Municipal debt securities	$	1,055			$	1,055			$	(18	)		$	1,037			$	1,037
	Held-to-Maturity Securities
	Corporate debt securities	139,842				140,890				—				140,890				140,890
	Total	$	140,897			$	141,945			$	(18	)		$	141,927			$	141,927
Investments classified by contractual maturity date	'
	As of December 31, 2013, the contractual maturities of the Company's securities were as follows ($ in thousands):
		Held-to-Maturity Securities								Available-for-Sale Securities
		Amortized Cost Basis				Estimated Fair Value				Amortized Cost Basis				Estimated Fair Value
	Maturities
	Within one year	$	—			$	—			$	—			$	—
	After one year through 5 years	140,890				140,890				—				—
	After 5 years through 10 years	—				—				—				—
	After 10 years	—				—				1,055				1,037
	Total	$	140,890			$	140,890			$	1,055			$	1,037

Other_Investments_Tables

Other Investments (Tables)	12 Months Ended
	Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]	'
Schedule of other investments and its proportionate share of results for equity method investments	'
	The Company's other investments and its proportionate share of results from equity method investments were as follows ($ in thousands):
		Carrying Value						Equity in Earnings
		As of December 31,						For the Years Ended December 31,
		2013			2012			2013			2012				2011
	LNR	$	—		$	205,773		$	16,465		$	60,669			$	53,861
	Madison Funds	67,782			56,547			14,796			10,246				3,641
	Oak Hill Funds	21,366			29,840			4,174			5,844				1,918
	Real estate equity investments	62,205			47,619			2,753			21,636				(5,273		)
	Other equity method investments(1)	45,954			47,939			3,332			4,614				40,944
	Total equity method investments	$	197,307		$	387,718		$	41,520		$	103,009			$	95,091
	Other	9,902			11,125
	Total other investments	$	207,209		$	398,843
	Explanatory Note:
	_______________________________________________________________________________
	-1	For the year ended December 31, 2011, equity in earnings includes $38.4 million of earnings related to Oak Hill Advisors, L.P. and related entities that were sold in October 2011.
LNR Property LLC (LNR)	'
Schedule of Equity Method Investments [Line Items]	'
Schedule of other investments and its proportionate share of results for equity method investments	'
	The following table reconciles the activity related to the Company's investment in LNR for the three months ended March 31, 2013 and June 30, 2013, the six months ended December 31, 2013 and for the year ended December 31, 2013 ($ in thousands):
		For the Three Months Ended March 31, 2013			For the Three Months Ended June 30, 2013			For the Six Months Ended December 31, 2013			For the Year Ended December 31, 2013
	Carrying value of LNR at beginning of period	$	205,773		$	220,281		$	—		$	205,773
	Equity in earnings of LNR for the period(1)	$	45,375		$	—		$	—		$	45,375		(a)
	Balance before other than temporary impairment	$	251,148		$	220,281		$	—		$	251,148
	Other than temporary impairment(1)	$	(30,867	)	$	—		$	—		$	(30,867	)	(b)
	Sales proceeds pursuant to contract	$	—		$	(220,281	)	$	—		$	(220,281	)
	Carrying value of LNR at end of period	$	220,281		$	—		$	—		$	—
Schedule of summarized Income Statements	'
	The following table represents investee level summarized financial information for LNR ($ in thousands)(1):
		For the Period from October 1, 2012 to April 19,			For the Years
					Ended September 30,
		2013			2012			2011
	Income Statements
	Total revenue(2)	$	179,373		$	332,902		$	327,032
	Income tax (expense) benefit(3)	$	(2,137	)	$	(6,731	)	$	76,558
	Net income attributable to LNR(4)	$	113,478		$	253,039		$	225,190
	iStar's ownership percentage	24		%	24		%	24		%
	iStar's equity in earnings from LNR(5)	$	45,375		$	60,669		$	53,861
Schedule of summarized Balance Sheets	'
		As of September 30,
		2013			2012
	Balance Sheets
	Total assets(2)	$	—		$	98,513,452
	Total debt(2)	$	—		$	97,521,520
	Total liabilities(2)	$	—		$	97,639,696
	Noncontrolling interests	$	—		$	8,067
	LNR Property LLC equity	$	—		$	865,689
	iStar's ownership percentage	—		%	24		%
	iStar's equity in LNR(6)	$	—		$	205,773
Schedule of summarized Cash Flow Statements	'
		For the Period from October 1, 2012 to April 19,			For the Years
					Ended September 30,
		2013			2012			2011
	Cash Flows
	Operating cash flows	$	(127,075	)	$	(85,909	)	$	170,703
	Cash flows from investing activities	$	(36,543	)	$	(55,686	)	$	45,488
	Cash flows from financing activities	$	217,241		$	229,634		$	(123,506	)
	Net cash flows	$	53,623		$	88,039		$	92,685
	Cash distributions	$	—		$	61,179		$	73,916
	iStar's ownership percentage	24		%	24		%	24		%
	Cash distributions received by iStar	—			14,690			17,722
	Explanatory Notes:
	_______________________________________________________________________________
	-1	The Company recorded its investment in LNR, which was sold in April 2013, on a one quarter lag, therefore, amounts in the Company's financial statements for the year ended December 31, 2013 are based on balances and results from LNR for the period from October 1, 2012 to April 19, 2013. The amounts in the Company's financial statements for the year ended December 31, 2012 and 2011 are based on balances and results from LNR for the years ended September 30, 2012 and 2011, respectively.
	-2	LNR consolidates certain commercial mortgage-backed securities and collateralized debt obligation trusts that are considered VIEs (and for which it is the primary beneficiary), that have been included in the amounts presented above. As of September 30, 2012, the assets of these trusts, which aggregated $97.52 billion, were the sole source of repayment of the related liabilities, which aggregated $97.21 billion and are non-recourse to LNR and its equity holders, including the Company. Excluding the amounts related to VIEs, as of September 30, 2012, total assets were $1.38 billion , total debt was $398.9 million, and total liabilities were $517.1 million. In addition, total revenue presented above includes $55.5 million, $95.4 million, and $119.0 million for the period from October 1, 2012 to April 19, 2013 and for the years ended September 30, 2012 and 2011, respectively, of servicing fee revenue that is eliminated upon consolidation of the VIE's at the LNR level. This income is then added back through consolidation at the LNR level as an adjustment to income allocable to noncontrolling entities and has no net impact on net income attributable to LNR.
	-3	During the year ended December 31, 2011, LNR recorded an income tax benefit from the settlement of certain tax liabilities.
	-4	Subsequent to the sale of the Company's interest in LNR, LNR reported a reduction in their earnings of $66.2 million related to a purchase price allocation adjustment. The reduction was reflected in LNR's operations for the three months ended March 31, 2013, which resulted in a net loss for the period. Because the Company recorded its investment in LNR on a one quarter lag, the adjustment was reflected in the quarter ended June 30, 2013. There was no net impact on the Company's previously reported equity in earnings as the Company limited its proportionate share of earnings from LNR as described above.
	-5	LNR reported a net loss for the period from April 1, 2013 to April 19, 2013 which had already been considered in the Company's other than temporary impairment assessment. As such, no equity in earnings was recorded during the quarter ended September 30, 2013. The total equity in earnings recognized for LNR was $45.4 million for the year ended December 31, 2013.
	-6	Represents the Company's investment in LNR at December 31, 2013 and 2012, respectively.
Equity method investments excluding LNR	'
Schedule of Equity Method Investments [Line Items]	'
Schedule of summarized Income Statements	'
	The following table presents the investee level summarized financial information of the Company's equity method investments, excluding LNR ($ in thousands):
			For the Years Ended December 31,
			2013			2012			2011
	Income Statements
	Revenues		$	284,513		$	401,870		$	198,340
	Net income attributable to parent entities		$	206,198		$	304,960		$	97,066
Schedule of summarized Balance Sheets	'
			As of December 31,
			2013			2012
	Balance Sheets
	Total assets		$	2,980,737		$	2,758,889
	Total liabilities		$	303,100		$	170,997
	Noncontrolling interests		$	333		$	2,253
	Total equity		$	2,677,304		$	2,585,639

Other_Assets_and_Other_Liabili1

Other Assets and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2013
Other Assets and Other Liabilities [Abstract]	'
Schedule of deferred expenses and other assets, net	'
	Deferred expenses and other assets, net, consist of the following items ($ in thousands):
		As of December 31,
		2013		2012
	Intangible assets, net(1)	$	100,652	$	69,134
	Other receivables	34,655		11,517
	Deferred financing fees, net(2)	33,591		26,629
	Leasing costs, net(3)	21,799		20,205
	Corporate furniture, fixtures and equipment, net(4)	6,557		7,537
	Other assets	40,726		28,102
	Deferred expenses and other assets, net	$	237,980	$	163,124
	Explanatory Notes:
	_______________________________________________________________________________
	-1	Intangible assets, net are primarily related to the acquisition of real estate assets. Accumulated amortization on intangible assets was $38.1 million and $51.5 million as of December 31, 2013 and 2012, respectively. The amortization of above market leases decreased operating lease income on the Company's Consolidated Statements of Operations by $7.0 million, $5.8 million and $2.7 million for the years ended December 31, 2013, 2012 and 2011, respectively. The total amortization expense for intangible assets was $8.2 million, $7.0 million and $7.7 million for the years ended December 31, 2013, 2012 and 2011, respectively. These amounts are included in “Depreciation and amortization” on the Company's Consolidated Statements of Operations.
	-2	Accumulated amortization on deferred financing fees was $9.9 million and $4.1 million as of December 31, 2013 and 2012, respectively.
	-3	Accumulated amortization on leasing costs was $7.1 million and $6.6 million as of December 31, 2013 and 2012, respectively.
	-4	Accumulated depreciation on corporate furniture, fixtures and equipment was $6.2 million and $6.2 million as of December 31, 2013 and 2012, respectively.
Schedule of accounts payable, accrued expenses and other liabilities	'
	Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands):
		As of December 31,
		2013		2012
	Accrued expenses	$	58,840	$	50,467
	Accrued interest payable	40,015		29,521
	Intangible liabilities, net(1)	26,223		9,210
	Other liabilities	45,753		52,472
	Accounts payable, accrued expenses and other liabilities	$	170,831	$	141,670
	Explanatory Note:
	_______________________________________________________________________________
	-1	Intangible liabilities, net are primarily related to the acquisition of real estate assets. Accumulated amortization on intangible liabilities was $4.6 million and $2.2 million as of December 31, 2013 and 2012, respectively. The amortization of intangible liabilities increased operating lease income on the Company's Consolidated Statements of Operations by $2.8 million, $1.4 million and $0.6 million for the years ended December 31, 2013, 2012 and 2011, respectively.
Schedule of future amortization costs	'
	The estimated aggregate amortization costs for each of the five succeeding fiscal years are as follows ($ in thousands):
	2014	$	10,530
	2015	$	7,886
	2016	$	7,122
	2017	$	6,145
	2018	$	4,295

Debt_Obligations_net_Tables

Debt Obligations, net (Tables)	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Schedule of debt obligations	'
	As of December 31, 2013 and 2012, the Company's debt obligations were as follows ($ in thousands):
		Carrying Value as of December 31,
		2013			2012			Stated			Scheduled
								Interest Rates			Maturity Date
	Secured credit facilities and term loans:
	2012 Tranche A-1 Facility	$	—		$	169,164		LIBOR + 4.00%		-1	—
	2012 Tranche A-2 Facility	431,475			470,000			LIBOR + 5.75%		-1	Mar-17
	October 2012 Secured Credit Facility	—			1,754,466			LIBOR + 4.50%		-2	—
	February 2013 Secured Credit Facility	1,379,407			—			LIBOR + 3.50%		-3	Oct-17
	Term loans collateralized by net lease assets	278,817			264,432			4.851% - 7.26%		-4	Various through 2026
	Total secured credit facilities and term loans	$	2,089,699		$	2,658,062
	Unsecured notes:
	8.625% senior notes	$	—		$	96,801		8.625	%		—
	5.95% senior notes	—			448,453			5.95	%		—
	5.70% senior notes	—			200,601			5.7	%		—
	6.05% senior notes	105,765			105,765			6.05	%		Apr-15
	5.875% senior notes	261,403			261,403			5.875	%		Mar-16
	3.875% senior notes	265,000			—			3.875	%		Jul-16
	3.0% senior convertible notes(5)	200,000			200,000			3	%		Nov-16
	1.50% senior convertible notes(6)	200,000			—			1.5	%		Nov-16
	5.85% senior notes	99,722			99,722			5.85	%		Mar-17
	9.0% senior notes	275,000			275,000			9	%		Jun-17
	7.125% senior notes	300,000			300,000			7.125	%		Feb-18
	4.875% senior notes	300,000			—			4.875	%		Jul-18
	Total unsecured notes	$	2,006,890		$	1,987,745
	Other debt obligations:
	Other debt obligations	$	100,000		$	100,000		LIBOR + 1.50%			Oct-35
	Total debt obligations	$	4,196,589		$	4,745,807
	Debt discounts, net	(38,464		)	(54,313		)
	Total debt obligations, net	$	4,158,125		$	4,691,494
	Explanatory Notes:
	_______________________________________________________________________________
	-1	These loans each have a LIBOR floor of 1.25%. As of December 31, 2013, inclusive of the floor, the 2012 Tranche A-2 Facility loan incurred interest at a rate of 7.00%.
	-2	This loan has a LIBOR floor of 1.25%.
	-3	This loan has a LIBOR floor of 1.00%. As of December 31, 2013, inclusive of the floor, the February 2013 Secured Credit Facility incurred interest at a rate of 4.50%.
	-4	Includes a loan with a floating rate of LIBOR plus 2.00% and a loan with a floating rate of LIBOR plus 2.75%.
	-5	The Company's 3.0% senior convertible fixed rate notes due November 2016 ("3.0% Convertible Notes") are convertible at the option of the holders, into 85.0 shares per $1,000 principal amount of 3.0% Convertible Notes, at any time prior to the close of business on November 14, 2016.
	-6	The Company's 1.50% senior convertible fixed rate notes due November 2016 ("1.50% Convertible Notes") are convertible at the option of the holders, into 57.8 shares per $1,000 principal amount of 1.50% Convertible Notes, at any time prior to the close of business on November 14, 2016.
Schedule of future scheduled maturities of outstanding long-term debt obligations, net	'
	Future Scheduled Maturities—As of December 31, 2013, future scheduled maturities of outstanding long-term debt obligations are as follows ($ in thousands):
		Unsecured Debt			Secured Debt			Total
	2014	$	—		$	21,657		$	21,657
	2015	105,765			—			105,765
	2016	926,403			—			926,403
	2017	374,722			1,810,882			2,185,604
	2018	600,000			17,052			617,052
	Thereafter	100,000			240,108			340,108
	Total principal maturities	$	2,106,890		$	2,089,699		$	4,196,589
	Unamortized debt discounts, net	(11,081		)	(27,383		)	(38,464		)
	Total long-term debt obligations, net	$	2,095,809		$	2,062,316		$	4,158,125
Schedule of carrying value of encumbered assets by asset type	'
	Encumbered/Unencumbered Assets—As of December 31, 2013, the carrying value of the Company's encumbered and unencumbered assets by asset type are as follows ($ in thousands):
		As of December 31,
		2013						2012
		Encumbered Assets			Unencumbered Assets			Encumbered Assets				Unencumbered Assets
	Real estate, net	$	1,644,463		$	1,151,718		$	1,640,005			$	1,099,094
	Real estate available and held for sale	152,604			207,913			263,842				372,023
	Loans receivable, net(1)	860,557			538,752			1,197,403				665,682
	Other investments	24,093			183,116			43,545				355,298
	Cash and other assets	—			907,995			—				556,207
	Total	$	2,681,717		$	2,989,494		$	3,144,795			$	3,048,304
	Explanatory Note:
	_______________________________________________________________________________
	-1	As of December 31, 2013 and 2012, the amounts presented exclude general reserves for loan losses of $29.2 million and $33.1 million, respectively.

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of unfunded commitments	'
	As of December 31, 2013, the maximum amount of fundings the Company may be required to make under each category, assuming all performance hurdles and milestones are met under the Performance-Based Commitments, that it approves all Discretionary Fundings and that 100% of its capital committed to Strategic Investments is drawn down, are as follows ($ in thousands):
		Loans and Other Lending Investments			Real Estate			Strategic		Total
								Investments
	Performance-Based Commitments	$	19,436		$	53,164		$	—	$	72,600
	Discretionary Fundings	—			—			—		—
	Strategic Investments	—			—			46,591		46,591
	Total	$	19,436		$	53,164		$	46,591	$	119,191
Schedule of future minimum rental payments for operating leases	'
	Future Minimum Operating Lease Payments—Future minimum operating lease payments under non-cancelable leases, excluding customer reimbursements of expenses, in effect at December 31, 2013, are as follows ($ in thousands):
	Year		Net Lease Assets			Operating Properties
	2014		$	132,996		$	53,283
	2015		$	133,272		$	48,851
	2016		$	131,738		$	46,476
	2017		$	125,142		$	44,516
	2018		$	123,464		$	37,979
	Future minimum lease obligations under non-cancelable operating leases are as follows ($ in thousands):
	2014	$	5,797
	2015	$	5,287
	2016	$	5,408
	2017	$	5,023
	2018	$	4,179
	Thereafter	$	11,709

Risk_Management_and_Derivative1

Risk Management and Derivatives (Tables)	12 Months Ended
	Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of fair value of derivative financial instruments as well as their classification on Consolidated Balance Sheets	'
	The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of December 31, 2013 and 2012 ($ in thousands):
		Derivative Assets as of December 31,											Derivative Liabilities as of December 31,
		2013						2012					2013			2012
	Derivative	Balance Sheet		Fair				Balance Sheet		Fair			Balance Sheet	Fair		Balance Sheet	Fair
		Location		Value				Location		Value			Location	Value		Location	Value
	Foreign exchange contracts	Other Assets		$	1,418			N/A		$	—		Other Liabilities	$	1,653	Other Liabilities	$	2,855
	Interest rate swap	Other Assets		650				N/A		—			N/A	—		Other Liabilities	580
	Interest rate cap	Other Assets		9,107				N/A		—			N/A	—		N/A	—
	Total			$	11,175					$	—			$	1,653		$	3,435
Schedule of derivative financial instruments on Consolidated Statements of Operations	'
	The tables below present the effect of the Company's derivative financial instruments on the Consolidated Statements of Operations for the years ended December 31, 2013 and 2012 ($ in thousands):
	Derivatives Designated in Hedging Relationships		Location of Gain (Loss)		Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)				Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion)			Amount of Gain (Loss) Recognized in Earnings (Ineffective Portion)
			Recognized in Income
	For the Year Ended December 31, 2013
	Interest rate cap		Interest Expense		$	(1,517	)		$	—		N/A
	Interest rate swap		Interest Expense		$	869			$	310		N/A
	Foreign exchange contracts		Other Expense		$	393			$	—		N/A
	For the Year Ended December 31, 2012
	Interest rate swap		Interest Expense		$	(968	)		$	(44	)	N/A
	For the Year Ended December 31, 2011
	Interest rate swap		Interest Expense		$	(1,553	)		$	(180	)	N/A
					Amount of Gain or (Loss)
					Recognized in Income
			Location of Gain or		For the Years Ended December 31,
			(Loss) Recognized in
	Derivatives not Designated in Hedging Relationships		Income		2013				2012			2011
	Foreign Exchange Contracts		Other Expense		$	880			$	(8,920	)	$	17,406
Schedule of foreign currency derivatives outstanding	'
	The following table presents the Company's qualifying cash flow hedges outstanding as of year ended December 31, 2013 ($ in thousands).
	Derivative Type		Notional				Variable Rate		Fixed Rate		Effective Date	Maturity
			Amount
	Interest Rate Cap		$	500,000			LIBOR		1.00%		Jul-14	Jul-17
	Interest Rate Swap		$	27,958			LIBOR + 2.00%		3.47%		Oct-12	Nov-19
	As of December 31, 2013, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations that were designated ($ in thousands):
	Derivative Type		Notional				Notional				Maturity
			Amount				(USD Equivalent)
	Sells INR/Buys USD Forward		₨	456,000			$	7,379			Jan-14
	As of December 31, 2013, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations that were not designated ($ in thousands):
	Derivative Type		Notional				Notional				Maturity
			Amount				(USD Equivalent)
	Sells EUR/Buys USD Forward		€	80,500			$	110,696			Jan-14
	Sells GBP/Buys USD Forward		£	3,800			$	6,295			Jan-14
	Sells CAD/Buys USD Forward		C$	41,500			$	39,036			Jan-14

Equity_Tables

Equity (Tables)	12 Months Ended
	Dec. 31, 2013
Equity [Abstract]	'
Schedule of Cumulative Redeemable Preferred Stock outstanding by series	'
	Preferred Stock—The Company had the following series of Cumulative Redeemable Preferred Stock outstanding:
	For the Year Ended December 31, 2013
								Cumulative Preferential Cash
								Dividends(1)(2)
	Series		Shares Issued and		Par Value			Liquidation Preference	Rate per Annum		Equivalent to
			Outstanding								Fixed Annual
			(in thousands)								Rate (per share)
	D		4,000		$	0.001		$25.00	8	%	$	2
	E		5,600		$	0.001		$25.00	7.875	%	$	1.97
	F		4,000		$	0.001		$25.00	7.8	%	$	1.95
	G		3,200		$	0.001		$25.00	7.65	%	$	1.91
	I		5,000		$	0.001		$25.00	7.5	%	$	1.88
	J		4,000		$	0.001		$50.00	4.5	%	$	2.25
			25,800
	For the Year Ended December 31, 2012
								Cumulative Preferential Cash
								Dividends(1)(2)
	Series		Shares Issued and		Par Value			Liquidation Preference	Rate per Annum		Equivalent to
			Outstanding								Fixed Annual
			(in thousands)								Rate (per share)
	D		4,000		$	0.001		$25.00	8	%	$	2
	E		5,600		$	0.001		$25.00	7.875	%	$	1.97
	F		4,000		$	0.001		$25.00	7.8	%	$	1.95
	G		3,200		$	0.001		$25.00	7.65	%	$	1.91
	I		5,000		$	0.001		$25.00	7.5	%	$	1.88
			21,800
	Explanatory Notes:
	_______________________________________________________________________________
	-1	Holders of shares of the Series D, E, F, G, I and J preferred stock are entitled to receive dividends, when and as declared by the Board of Directors, out of funds legally available for the payment of dividends. Dividends are cumulative from the date of original issue and are payable quarterly in arrears on or before the 15th day of each March, June, September and December or, if not a business day, the next succeeding business day. Any dividend payable on the preferred stock for any partial dividend period will be computed on the basis of a 360-day year consisting of twelve 30-day months. Dividends will be payable to holders of record as of the close of business on the first day of the calendar month in which the applicable dividend payment date falls or on another date designated by the Board of Directors of the Company for the payment of dividends that is not more than 30 nor less than 10 days prior to the dividend payment date.
	-2	The Company declared and paid dividends of $8.0 million, $11.0 million, $7.8 million, $6.1 million and $9.4 million on its Series D, E, F, G and I preferred stock, respectively, during each of the years ended December 31, 2013 and 2012. The Company also declared and paid dividends of $6.7 million on its Series J preferred stock during the year ended December 31, 2013. All of the dividends qualified as return of capital for tax reporting purposes. There are no dividend arrearages on any of the preferred shares currently outstanding.
Accumulated other comprehensive income (loss) reflected in the Company's shareholders' equity	'
	Accumulated Other Comprehensive Income (Loss)—"Accumulated other comprehensive income (loss)" reflected in the Company's shareholders' equity is comprised of the following ($ in thousands):
		As of December 31,
		2013			2012
	Unrealized gains (losses) on available-for-sale securities	$	(294	)	$	867
	Unrealized gains on cash flow hedges	662			607
	Unrealized losses on cumulative translation adjustment	(4,644		)	(2,659		)
	Accumulated other comprehensive income (loss)	$	(4,276	)	$	(1,185	)

StockBased_Compensation_Plans_1

Stock-Based Compensation Plans and Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of changes in non-vested restricted stock units	'
	Changes in non-vested restricted stock units during the year ended December 31, 2013 were as follows ($ in thousands, except per share amounts):
		Number		Weighted Average		Aggregate
		of Shares		Grant Date		Intrinsic
				Fair Value		Value
				Per Share
	Non-vested at December 31, 2012	5,276		$	5.24	$	43,000
	Granted	795		$	11.88
	Vested	(3,271	)	$	6.33
	Forfeited	(21	)	$	4.94
	Non-vested at December 31, 2013	2,779		$	5.85	$	39,659

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Reconciliation of income (loss) from continuing operations used in the basic and diluted EPS calculations	'
	The following table presents a reconciliation of income (loss) from continuing operations used in the basic and diluted earnings per share calculations ($ in thousands, except for per share data):
			For the Years Ended December 31,
			2013				2012				2011
	Income (loss) from continuing operations		$	(220,768	)		$	(314,678	)		$	(51,010	)
	Net (income) loss attributable to noncontrolling interests		(718		)		1,500				3,629
	Income from sales of residential property		86,658				63,472				5,721
	Preferred dividends		(49,020		)		(42,320		)		(42,320		)
	Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders, HPU holders and Participating Security Holders		$	(183,848	)		$	(292,026	)		$	(83,980	)
Schedule of earnings per share allocable to common shares and HPU shares	'
		For the Years Ended December 31,
		2013				2012				2011
	Earnings allocable to common shares:
	Numerator for basic and diluted earnings per share:
	Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders	$	(177,907	)		$	(282,452	)		$	(81,375	)
	Income (loss) from discontinued operations	623				(16,908		)		(5,343		)
	Gain from discontinued operations	21,515				26,363				24,331
	Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders	$	(155,769	)		$	(272,997	)		$	(62,387	)
	Denominator for basic and diluted earnings per share:
	Weighted average common shares outstanding for basic and diluted earnings per common share	84,990				83,742				88,688
	Basic and diluted earnings per common share:
	Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders	$	(2.09	)		$	(3.37	)		$	(0.91	)
	Income (loss) from discontinued operations	0.01				(0.20		)		(0.06		)
	Gain from discontinued operations	0.25				0.31				0.27
	Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders	$	(1.83	)		$	(3.26	)		$	(0.70	)
		For the Years Ended December 31,
		2013				2012				2011
	Earnings allocable to High Performance Units:
	Numerator for basic and diluted earnings per HPU share:
	Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders	$	(5,941	)		$	(9,574	)		$	(2,605	)
	Income (loss) from discontinued operations	21				(573		)		(171		)
	Gain from discontinued operations	718				894				779
	Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders	$	(5,202	)		$	(9,253	)		$	(1,997	)
	Denominator for basic and diluted earnings per HPU share:
	Weighted average High Performance Units outstanding for basic and diluted earnings per share	15				15				15
	Basic and diluted earnings per HPU share:
	Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders	$	(396.07	)		$	(638.27	)		$	(173.66	)
	Income (loss) from discontinued operations	1.4				(38.20		)		(11.40		)
	Gain from discontinued operations	47.87				59.6				51.93
	Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders	$	(346.80	)		$	(616.87	)		$	(133.13	)
Schedule of anti-dilutive shares	'
	For the years ended December 31, 2013, 2012 and 2011 the following shares were anti-dilutive ($ in thousands):
		For the Years Ended December 31,
		2013			2012			2011
	Joint venture shares	298			298			298
	Stock options	—			—			44
	3.00% convertible senior unsecured notes	16,992			—			—
	Series J convertible perpetual preferred stock	15,635			—			—
	1.50% convertible senior unsecured notes	11,567			—			—

Fair_Values_Tables

Fair Values (Tables)	12 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Schedule of assets and liabilities recorded at fair value on a recurring and non-recurring basis by levels	'
	The following fair value hierarchy table summarizes the Company's assets and liabilities recorded at fair value on a recurring and non-recurring basis by the above categories ($ in thousands):
				Fair Value Using
		Total		Quoted market		Significant other		Significant
				prices in		observable		unobservable
				active markets		inputs		inputs
				(Level 1)		(Level 2)		(Level 3)
	As of December 31, 2013
	Recurring basis:
	Derivative assets	$	11,175	$	—	$	11,175	$	—
	Derivative liabilities	$	1,653	$	—	$	1,653	$	—
	Non-recurring basis:
	Impaired loans(1)	$	115,423	$	—	$	—	$	115,423
	Impaired real estate(2)	$	35,680	$	—	$	5,744	$	29,936
	As of December 31, 2012
	Recurring basis:
	Derivative liabilities	$	3,435	$	—	$	3,435	$	—
	Non-recurring basis:
	Impaired loans	$	57,201	$	—	$	—	$	57,201
	Impaired real estate	$	31,597	$	—	$	7,649	$	23,948
	Explanatory Notes:
	_______________________________________________________________________________
	-1	The Company recorded a recovery of loan losses on one loan with a fair value of $55.5 million based on the loan's remaining loan term of 2.6 years and interest rate of 4.7% using discounted cash flow analysis. In addition, the Company recorded a recovery of loan losses on one loan with a fair value of $53.6 million based upon a letter of intent executed by the borrower as well as recorded an impairment on one loan with a fair value of $6.3 million based upon a settlement agreement executed by the borrower.
	-2	The Company recorded the fair value of two impaired real estate assets with a total fair value of $29.9 million based on a discount rate of 13.0%, average annual rent growth of 4.0% and remaining inventory sell out period with a range of 3.5 to 4.6 years using discounted cash flows.

Segment_Reporting_Tables

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Schedule of financial measures for each segment based on which performance is evaluated	'
	The Company has determined that it has four reportable segments based on how management reviews and manages its business. These reportable segments include: Real Estate Finance, Net Lease, Operating Properties and Land. The Real Estate Finance segment includes all of the Company's activities related to senior and mezzanine real estate loans and real estate related securities. The Net Lease segment includes all of the Company's activities related to the ownership and leasing of corporate facilities. The Operating Properties segment includes all of the Company's activities and operations related to its commercial and residential properties. The Land segment includes the Company's activities related to its developable land portfolio.
	The Company evaluates performance based on the following financial measures for each segment. The Company's segment information is as follows ($ in thousands):
		Real Estate Finance			Net Lease			Operating Properties			Land			Corporate/Other(1)			Company Total
	For the Year Ended December 31, 2013
	Operating lease income	$	—		$	147,313		$	86,352		$	902		$	—		$	234,567
	Interest income	108,015			—			—			—			—			108,015
	Other income	4,748			250			38,164			1,474			3,572			48,208
	Total revenue	$	112,763		$	147,563		$	124,516		$	2,376		$	3,572		$	390,790
	Earnings (loss) from equity method investments	—			2,699			5,546			(5,331		)	38,606			41,520
	Income from sales of residential property	—			—			82,603			4,055			—			86,658
	Net operating income from discontinued operations(2)	—			1,484			1,251			—			—			2,735
	Gain from discontinued operations	—			3,395			18,838			—			—			22,233
	Revenue and other earnings	$	112,763		$	155,141		$	232,754		$	1,100		$	42,178		$	543,936
	Real estate expense	—			(22,565		)	(101,044		)	(33,832		)	—			(157,441		)
	Other expense	(1,625		)	—			—			—			(6,425		)	(8,050		)
	Allocated interest expense(2)	(74,377		)	(80,034		)	(49,114		)	(30,368		)	(32,332		)	(266,225		)
	Allocated general and administrative(3)	(13,186		)	(14,330		)	(9,189		)	(12,365		)	(23,783		)	(72,853		)
	Segment profit (loss)(4)	$	23,575		$	38,212		$	73,407		$	(75,465	)	$	(20,362	)	$	39,367
	Other significant non-cash items:
	Provision for loan losses	$	5,489		$	—		$	—		$	—		$	—		$	5,489
	Impairment of assets(2)	$	—		$	1,176		$	12,449		$	728		$	—		$	14,353
	Loss on transfer of interest to unconsolidated subsidiary	$	—		$	—		$	—		$	7,373		$	—		$	7,373
	Depreciation and amortization(2)	$	—		$	38,582		$	30,599		$	1,105		$	1,244		$	71,530
	Capitalized expenditures	$	—		$	34,076		$	41,131		$	36,346		$	—		$	111,553
	As of December 31, 2013
	Real estate
	Real estate, at cost	$	—		$	1,696,888		$	720,508		$	803,238		$	—		$	3,220,634
	Less: accumulated depreciation	—			(338,640		)	(82,420		)	(3,393		)	—			(424,453		)
	Real estate, net	$	—		$	1,358,248		$	638,088		$	799,845		$	—		$	2,796,181
	Real estate available and held for sale	—			—			228,328			132,189			—			360,517
	Total real estate	$	—		$	1,358,248		$	866,416		$	932,034		$	—		$	3,156,698
	Loans receivable and other lending investments, net	1,370,109			—			—			—			—			1,370,109
	Other investments	—			16,408			16,032			29,765			145,004			207,209
	Total portfolio assets	$	1,370,109		$	1,374,656		$	882,448		$	961,799		$	145,004		$	4,734,016
	Cash and other assets																907,995
	Total assets																$	5,642,011
		Real Estate Finance			Net Lease			Operating Properties			Land			Corporate/Other(1)			Company Total
	For the Year Ended December 31, 2012(5)
	Operating lease income	$	—		$	149,058		$	65,706		$	1,527		$	—		$	216,291
	Interest income	133,410			—			—			—			—			133,410
	Other income	8,613			—			32,615			2,635			3,975			47,838
	Total revenue	$	142,023		$	149,058		$	98,321		$	4,162		$	3,975		$	397,539
	Earnings (loss) from equity method investments	—			2,632			25,142			(6,138		)	81,373			103,009
	Income from sales of residential property	—			—			63,472			—			—			63,472
	Net operating income from discontinued operations(2)	—			7,289			886			—			—			8,175
	Gain from discontinued operations	—			27,257			—			—			—			27,257
	Revenue and other earnings	$	142,023		$	186,236		$	187,821		$	(1,976	)	$	85,348		$	599,452
	Real estate expense	—			(23,886		)	(100,258		)	(27,314		)	—			(151,458		)
	Other expense	(4,775		)	—			—			—			(12,491		)	(17,266		)
	Allocated interest expense(2)	(111,898		)	(92,579		)	(69,259		)	(44,125		)	(38,300		)	(356,161		)
	Allocated general and administrative(3)	(14,263		)	(10,618		)	(7,572		)	(7,405		)	(25,705		)	(65,563		)
	Segment profit (loss)(4)	$	11,087		$	59,153		$	10,732		$	(80,820	)	$	8,852		$	9,004
	Other significant non-cash items:
	Provision for loan losses	$	81,740		$	—		$	—		$	—		$	—		$	81,740
	Impairment of assets(2)	$	—		$	6,670		$	28,501		$	205		$	978		$	36,354
	Depreciation and amortization(2)	$	—		$	39,250		$	28,450		$	1,276		$	1,810		$	70,786
	Capitalized expenditures	$	—		$	10,994		$	51,579		$	20,497		$	—		$	83,070
	As of December 31, 2012
	Real estate
	Real estate, at cost	$	—		$	1,626,810		$	704,481		$	786,114		$	—		$	3,117,405
	Less: accumulated depreciation	—			(310,605		)	(65,409		)	(2,292		)	—			(378,306		)
	Real estate, net	$	—		$	1,316,205		$	639,072		$	783,822		$	—		$	2,739,099
	Real estate available and held for sale	—			—			454,587			181,278			—			635,865
Total real estate	$	—		$	1,316,205		$	1,093,659		$	965,100		$	—		$	3,374,964
Loans receivable and other lending investments, net	1,829,985			—			—			—			—			1,829,985
Other investments	—			16,380			25,745			5,493			351,225			398,843
Total portfolio assets	$	1,829,985		$	1,332,585		$	1,119,404		$	970,593		$	351,225		$	5,603,792
Cash and other assets																556,207
Total assets																$	6,159,999
	Real Estate Finance			Net Lease			Operating Properties			Land			Corporate/Other(1)			Company Total
For the Year Ended December 31, 2011(5)
Operating lease income	$	—		$	144,548		$	51,153		$	171		$	—		$	195,872
Interest income	226,871			—			—			—			—			226,871
Other income	3,176			—			32,538			1,637			2,371			39,722
Total revenue	$	230,047		$	144,548		$	83,691		$	1,808		$	2,371		$	462,465
Earnings (loss) from equity method investments	—			2,566			(626		)	(7,213		)	100,364			95,091
Income from sales of residential property	—			—			5,721			—			—			5,721
Net operating income from discontinued operations(2)	—			14,135			(937		)	—			—			13,198
Gain from discontinued operations	—			25,110			—			—			—			25,110
Revenue and other earnings	$	230,047		$	186,359		$	87,849		$	(5,405	)	$	102,735		$	601,585
Real estate expense	—			(25,054		)	(92,012		)	(21,648		)	—			(138,714		)
Other expense	(2,866		)	—			—			—			(8,204		)	(11,070		)
Allocated interest expense(2)	(156,163		)	(75,844		)	(52,774		)	(40,480		)	(20,653		)	(345,914		)
Allocated general and administrative(3)	(19,934		)	(9,681		)	(6,737		)	(6,959		)	(32,026		)	(75,337		)
Segment profit (loss)(4)	$	51,084		$	75,780		$	(63,674	)	$	(74,492	)	$	41,852		$	30,550
Other significant non-cash items:
Provision for loan losses	$	46,412		$	—		$	—		$	—		$	—		$	46,412
Impairment of assets(2)	$	—		$	668		$	21,030		$	(184	)	$	872		$	22,386
Depreciation and amortization(2)	$	—		$	42,080		$	18,169		$	1,534		$	2,145		$	63,928
Capitalized expenditures	$	—		$	8,699		$	38,477		$	16,993		$	—		$	64,169
Explanatory Notes:
_______________________________________________________________________________
-1	Corporate/Other represents all corporate level and unallocated items including any intercompany eliminations necessary to reconcile to consolidated Company totals. This caption also includes the Company's joint venture investments and strategic investments that are not related to the other reportable segments above, including the Company's equity investment in LNR of $205.8 million as of December 31, 2012 and the Company's share of equity in earnings from LNR of $16.5 million, $60.7 million and $53.9 million for the years ended December 31, 2013, 2012 and 2011, respectively. See Note 6 for further details on the Company's investment in LNR and summarized financial information of LNR.
-2	Includes related amounts reclassified to discontinued operations on the Company's Consolidated Statements of Operations.
-3	General and administrative excludes stock-based compensation expense of $19.3 million, $15.3 million and $29.7 million for the years ended December 31, 2013, 2012 and 2011, respectively.
-4	The following is a reconciliation of segment profit (loss) to net income (loss) ($ in thousands):
	For the Years Ended December 31,
	2013			2012			2011
Segment profit (loss)	$	39,367		$	9,004		$	30,550
Less: Provision for loan losses	(5,489		)	(81,740		)	(46,412		)
Less: Impairment of assets(2)	(14,353		)	(36,354		)	(22,386		)
Less: Loss on transfer of interest to unconsolidated subsidiary	(7,373		)	—			—
Less: Stock-based compensation expense	(19,261		)	(15,293		)	(29,702		)
Less: Depreciation and amortization(2)	(71,530		)	(70,786		)	(63,928		)
Less: Income tax (expense) benefit(2)	596			(8,445		)	4,719
Add: Gain (loss) on early extinguishment of debt, net	(33,190		)	(37,816		)	101,466
Net income (loss)	$	(111,233	)	$	(241,430	)	$	(25,693	)
-5	The prior periods' presentation have been conformed for the change in the methodology of allocating interest expense and general and administrative expenses to each segment based on gross carrying value of assets. The allocation was previously based on carrying value of assets net of accumulated depreciation and amortization and general loan loss reserves.
Reconciliation of segment profit (loss) to income (loss) from continuing operations	'
	The following is a reconciliation of segment profit (loss) to net income (loss) ($ in thousands):
		For the Years Ended December 31,
		2013			2012			2011
	Segment profit (loss)	$	39,367		$	9,004		$	30,550
	Less: Provision for loan losses	(5,489		)	(81,740		)	(46,412		)
	Less: Impairment of assets(2)	(14,353		)	(36,354		)	(22,386		)
	Less: Loss on transfer of interest to unconsolidated subsidiary	(7,373		)	—			—
	Less: Stock-based compensation expense	(19,261		)	(15,293		)	(29,702		)
	Less: Depreciation and amortization(2)	(71,530		)	(70,786		)	(63,928		)
	Less: Income tax (expense) benefit(2)	596			(8,445		)	4,719
	Add: Gain (loss) on early extinguishment of debt, net	(33,190		)	(37,816		)	101,466
	Net income (loss)	$	(111,233	)	$	(241,430	)	$	(25,693	)
	-5	The prior periods' presentation have been conformed for the change in the methodology of allocating interest expense and general and administrative expenses to each segment based on gross carrying value of assets. The allocation was previously based on carrying value of assets net of accumulated depreciation and amortization and general loan loss reserves.

Quarterly_Financial_Informatio1

Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
Schedule of selected quarterly financial data for the company	'
	The following table sets forth the selected quarterly financial data for the Company ($ in thousands, except per share amounts).
			For the Quarters Ended
			December 31,			September 30,			June 30,			March 31,
	2013:00:00
	Revenue(1)		$	101,073		$	95,696		$	99,919		$	94,102
	Net income (loss)		$	(45,992	)	$	(18,590	)	$	(14,398	)	$	(32,253	)
	Earnings per common share data:
	Net income (loss) attributable to iStar Financial Inc.		$	(47,043	)	$	(18,757	)	$	(14,087	)	$	(32,064	)
	Basic and diluted earnings per share		$	(0.68	)	$	(0.36	)	$	(0.31	)	$	(0.49	)
	Weighted average number of common shares—basic and diluted		84,617			85,392			85,125			84,824
	Earnings per HPU share data:
	Net income (loss) attributable to iStar Financial Inc.		$	(1,939	)	$	(1,016	)	$	(866	)	$	(1,381	)
	Basic and diluted earnings per share		$	(129.26	)	$	(67.73	)	$	(57.74	)	$	(92.07	)
	Weighted average number of HPU shares—basic and diluted		15			15			15			15
			For the Quarters Ended
			December 31,			September 30,			June 30,			March 31,
	2012(2):
	Revenue(1)		$	96,421		$	93,462		$	106,886		$	100,770
	Net income (loss)		$	(79,948	)	$	(64,306	)	$	(51,129	)	$	(46,048	)
	Earnings per common share data:
	Net income (loss) attributable to iStar Financial Inc.		$	(79,810	)	$	(63,640	)	$	(50,407	)	$	(46,073	)
	Basic and diluted earnings per share		$	(1.04	)	$	(0.86	)	$	(0.70	)	$	(0.66	)
	Weighted average number of common shares—basic and diluted		83,674			83,629			84,113			83,556
	Earnings per HPU share data:
	Net income (loss) attributable to iStar Financial Inc.		$	(2,966	)	$	(2,436	)	$	(1,991	)	$	(1,861	)
	Basic and diluted earnings per share		$	(197.73	)	$	(162.40	)	$	(132.73	)	$	(124.07	)
	Weighted average number of HPU shares—basic and diluted		15			15			15			15
	Explanatory Notes:
	_______________________________________________________________________________
	-1	All periods have been adjusted to reflect the impact of properties sold during 2013 and 2012 and properties classified as held for sale as of December 31, 2013, which are reflected in "Income (loss) from discontinued operations on the Consolidated Statements of Operations.
	-2	During the quarter ended December 31, 2012, the Company recorded a loss on early extinguishment of debt of $31.0 million primarily related to a prepayment penalty on the early repayment of 8.625% Senior Notes, as well as a loss due to the acceleration of unamortized fees and discounts related to the refinancing of the 2011 Secured Credit Facilities (see Note 8). The Company also recorded $27.9 million related to Income from sales of residential property. During the quarter ended March 31, 2012, the Madison Funds recorded a significant gain related to the sale of an investment for which the Company recorded its $13.7 million proportionate share.

Business_and_Organization_Deta

Business and Organization (Details) (USD $)	12 Months Ended
In Billions, unless otherwise specified	Dec. 31, 2013
	decades
Business and Organization [Abstract]	'
Investment across a range of real estate sectors over the past two decades (more than $35 billion at December 31, 2012)	$35
Period over which the entity has made the investment across a range of real estate (in decades)	2

Basis_of_Presentation_and_Prin1

Basis of Presentation and Principles of Consolidation (Details) (USD $)	Dec. 31, 2013
In Millions, unless otherwise specified	entity
Consolidated VIEs	'
Total revenues and total expenses related to consolidated VIEs	'
Number of variable interest entities (in investments)	5
Variable interest entity, consolidated, carrying amount, assets	$216.10
Variable interest entity, consolidated, carrying amount, liabilities	33.9
Variable interest entity unfunded commitment	38.8
Unconsolidated VIEs	'
Total revenues and total expenses related to consolidated VIEs	'
Number of variable interest entities (in investments)	28
Variable interest entity unfunded commitment	29.6
Carrying value of the investments	$179.20

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Property, Plant and Equipment) (Details)	12 Months Ended
	Dec. 31, 2013
Building	'
Property, Plant and Equipment [Line Items]	'
Useful life of property, plant, and equipment	'40 years
Furniture and Equipment	'
Property, Plant and Equipment [Line Items]	'
Useful life of property, plant, and equipment	'5 years

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Narrative) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Accounting Policies [Abstract]	'	'
Allowance for doubtful accounts receivable	$5.90	$5.60

Summary_of_Significant_Account5

Summary of Significant Accounting Policies (Income Taxes) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Accounting Policies [Abstract]	'		'		'
Assets with foreclosure elections carrying value	$1,120,000,000		'		'
Income Tax Expense [Abstract]	'		'		'
Deferred tax (expense) benefit	0		0		-13,729,000
Total income tax (expense) benefit	-659,000		8,445,000		-4,719,000
Components of Deferred Tax Assets and Liabilities [Abstract]	'		'		'
Operating loss carryforwards	'		634,200,000		'
Taxable REIT Subsidiaries (TRSs)	'		'		'
Income Taxes [Line Items]	'		'		'
Assets owned by taxable REIT subsidiaries	633,900,000		'		'
Income Tax Expense [Abstract]	'		'		'
Current tax (expense) benefit	659,000		-8,445,000		-9,010,000
Deferred tax (expense) benefit	0		0		13,729,000
Total income tax (expense) benefit	659,000		-8,445,000		4,719,000
Income from TRS entities which are subject to tax	-1,800,000		42,200,000		75,800,000
Total cash paid for taxes	9,200,000		5,500,000		8,500,000
Components of Deferred Tax Assets and Liabilities [Abstract]	'		'		'
Deferred tax assets(1)	55,962,000	[1]	40,800,000	[1]	'
Valuation allowance	-55,962,000		-40,800,000		'
Net deferred tax assets (liabilities)	0		0		'
Real estate asset basis differences	33,000,000		31,200,000		'
Operating loss carryforwards	14,900,000		10,800,000		'
Investment basis differences	$8,100,000		($1,200,000)		'
[1]	Deferred tax assets as of December 31, 2013, include real estate basis differences of $33.0 million, net operating loss carryforwards of $14.9 million and investment basis differences of $8.1 million. Deferred tax assets as of December 31, 2012, include real estate basis differences of $31.2 million, net operating loss carryforwards of $10.8 million and investment basis differences of $(1.2) million.

Real_Estate_Schedule_of_Real_E

Real Estate (Schedule of Real Estate Assets) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Real Estate Properties [Line Items]	'	'
Land and land improvements	$1,286,989	$1,262,381
Buildings and improvements	1,933,645	1,855,024
Less: accumulated depreciation and amortization	-424,453	-378,306
Real estate, net	2,796,181	2,739,099
Real estate available and held for sale	360,517	635,865
Total real estate	3,156,698	3,374,964
Net Lease	'	'
Real Estate Properties [Line Items]	'	'
Land and land improvements	350,817	344,239
Buildings and improvements	1,346,071	1,282,571
Less: accumulated depreciation and amortization	-338,640	-310,605
Real estate, net	1,358,248	1,316,205
Real estate available and held for sale	0	0
Total real estate	1,358,248	1,316,205
Operating Properties	'	'
Real Estate Properties [Line Items]	'	'
Land and land improvements	132,934	132,028
Buildings and improvements	587,574	572,453
Less: accumulated depreciation and amortization	-82,420	-65,409
Real estate, net	638,088	639,072
Real estate available and held for sale	228,328	454,587
Total real estate	866,416	1,093,659
Land	'	'
Real Estate Properties [Line Items]	'	'
Land and land improvements	803,238	786,114
Buildings and improvements	0	0
Less: accumulated depreciation and amortization	-3,393	-2,292
Real estate, net	799,845	783,822
Real estate available and held for sale	132,189	181,278
Total real estate	$932,034	$965,100

Real_Estate_Real_Estate_Availa

Real Estate (Real Estate Available and Held for Sale) (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Real Estate Properties [Line Items]	'	'	'	'
Real estate available and held for sale	'	$360,517,000	$635,865,000	'
Income from sales of residential property	27,900,000	86,658,000	63,472,000	5,721,000
Residential Operating Properties	'	'	'	'
Real Estate Properties [Line Items]	'	'	'	'
Real estate available and held for sale	'	221,000,000	374,100,000	'
Land	'	'	'	'
Real Estate Properties [Line Items]	'	'	'	'
Real estate available and held for sale	'	132,189,000	181,278,000	'
Number of properties transferred from held-for-sale to held-for-use	'	2	'	'
Property transferred from held for sale	'	49,700,000	'	'
Number of real estate properties transferred to held for sale	'	3	'	'
Property transferred to held for sale	'	31,800,000	'	'
Number of real estate properties sold	'	3	'	'
Income from sales of residential property	'	600,000	'	'
Net Lease	'	'	'	'
Real Estate Properties [Line Items]	'	'	'	'
Real estate available and held for sale	'	0	0	'
Property transferred to held for sale	'	9,800,000	'	'
Number of real estate properties sold	'	5	'	'
Gain (Loss) on Disposition of Real Estate, Discontinued Operations	'	3,600,000	'	'
Commercial Operating Properties	'	'	'	'
Real Estate Properties [Line Items]	'	'	'	'
Number of properties transferred from held-for-sale to held-for-use	'	'	2	'
Property transferred from held for sale	'	'	49,800,000	'
Number of real estate properties sold	'	6	'	'
Depreciation expense on reclassified assets	'	'	3,300,000	'
Other Income | Commercial Operating Properties	'	'	'	'
Real Estate Properties [Line Items]	'	'	'	'
Reclassification of results of operations	'	'	21,148,000	21,663,000
Real Estate Expenses | Commercial Operating Properties	'	'	'	'
Real Estate Properties [Line Items]	'	'	'	'
Reclassification of results of operations	'	'	($22,603,000)	($24,297,000)

Real_Estate_Acquisitions_Detai

Real Estate (Acquisitions) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Real Estate Properties [Line Items]	'		'		'
Mortgage Loans on Real Estate, Foreclosures	$49,100,000	[1],[2]	$270,359,000	[1],[2]	$556,753,000	[1],[2]
Option to redeem interest at fair value period	'		'7 years		'
Net Lease	'		'		'
Real Estate Properties [Line Items]	'		'		'
Asset Acquisition, Purchase Price	93,600,000		'		'
Acquired finite-lived intangible assets	36,100,000		'		'
Below Market Lease, Acquired	11,900,000		'		'
Acquisition costs	200,000		'		'
Strategic Venture, Commercial Operating Properties	'		'		'
Real Estate Properties [Line Items]	'		'		'
Joint venture, venture ownership percentage	'		40.00%		'
Strategic Venture, Active Land Development Projects	'		'		'
Real Estate Properties [Line Items]	'		'		'
Redeemable non-controlling interest	17,400,000		17,900,000		'
Strategic Venture, Active Land Development Projects | Land	'		'		'
Real Estate Properties [Line Items]	'		'		'
Noncontrolling partner contribution	'		11,600,000		'
Corporate Joint Venture	'		'		'
Real Estate Properties [Line Items]	'		'		'
Noncontrolling interest, ownership percentage by parent	63.00%		'		'
Fair value of assets acquired	'		27,300,000		'
Joint venture, venture ownership percentage	37.00%		'		'
Corporate Joint Venture | Land	'		'		'
Real Estate Properties [Line Items]	'		'		'
Fair value of assets acquired	'		11,500,000		'
Real Estate Acquired in Satisfaction of Debt	'		'		'
Real Estate Properties [Line Items]	'		'		'
Mortgage Loans on Real Estate, Foreclosures	'		269,100,000		'
Real Estate Acquired in Satisfaction of Debt | Residential Operating Properties	'		'		'
Real Estate Properties [Line Items]	'		'		'
Mortgage Loans on Real Estate, Foreclosures	'		172,400,000		'
Real Estate Acquired in Satisfaction of Debt | Commercial Operating Properties	'		'		'
Real Estate Properties [Line Items]	'		'		'
Mortgage Loans on Real Estate, Foreclosures	'		63,400,000		'
Real Estate Acquired in Satisfaction of Debt | Land	'		'		'
Real Estate Properties [Line Items]	'		'		'
Number of Real Estate Properties Acquired	2		'		'
Mortgage Loans on Real Estate, Foreclosures	15,600,000		33,300,000		'
Real Estate Acquired in Satisfaction of Debt | Corporate Joint Venture	'		'		'
Real Estate Properties [Line Items]	'		'		'
Mortgage Loans on Real Estate, Foreclosures	$25,500,000		'		'
[1]	Amounts are presented net of charge-offs of $152.8 million, $106.9 million and $214.0 million for the years ended December 31, 2013, 2012 and 2011, respectively.
[2]	Balances represent the carrying value of loans, which are net of asset specific reserves.

Real_Estate_Dispositions_Detai

Real Estate (Dispositions) (Details) (USD $)

3 Months Ended

12 Months Ended

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Net Lease

Commercial Operating Properties

Commercial Operating Properties

Commercial Operating Properties

Land

Land

Land

Condominium Units

Condominium Units

Condominium Units

Net Lease

Net Lease

Portfolio Lease Asset Sale

Portfolio Lease Asset Sale

Portfolio Lease Asset Sale

Portfolio Lease Asset Sale

Real estate equity investments

Land

Real estate equity investment 75.6%

Real estate equity investment 50.0%

property

property

property

Net Lease

Net Lease

Net Lease

Net Lease

Land

Land

Land

property

property

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from sale of other real estate

'

'

'

'

'

'

'

'

'

'

'

$269,700,000

$319,300,000

$154,000,000

'

'

'

'

'

'

'

'

'

'

Income from sale of residential property

27,900,000

86,658,000

63,472,000

5,721,000

'

'

'

'

600,000

'

'

82,600,000

63,500,000

5,700,000

'

'

'

'

'

'

'

'

'

'

Property sold, aggregate, carrying value

'

'

'

'

18,700,000

72,600,000

29,300,000

17,900,000

14,800,000

72,100,000

9,500,000

'

'

'

9,800,000

34,100,000

'

105,700,000

'

'

21,400,000

18,900,000

'

'

iStar's ownership percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

47.50%

'

75.60%

50.00%

Gain (loss) on disposition of property

'

'

'

'

'

18,600,000

'

'

600,000

'

'

'

'

'

'

'

'

'

'

'

3,400,000

'

'

'

Loss on transfer of interest to unconsolidated subsidiary

'

7,373,000

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,400,000

'

Property contributed, aggregate, carrying value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

24,100,000

2,800,000

Net gain on sale of net lease assets

'

'

'

'

2,200,000

'

'

'

'

'

'

'

'

'

2,400,000

3,200,000

'

24,900,000

22,200,000

'

'

'

'

'

Number of real estate properties sold

'

'

'

'

5

6

'

'

3

'

'

'

'

'

'

'

'

12

'

32

'

'

'

'

Property subject to or available for operating lease transferred aggregate carrying value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,700,000

'

'

'

'

'

'

'

Mezzanine loans provided to purchaser of net lease assets

'

'

$50,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Real_Estate_Discontinued_Opera

Real Estate (Discontinued Operations) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Real Estate [Abstract]	'	'	'
Revenues	$5,545	$14,132	$23,090
Total expenses	-3,138	-9,037	-19,457
Impairment of assets	-1,763	-22,576	-9,147
Income (loss) from discontinued operations	$644	($17,481)	($5,514)

Real_Estate_Impairments_Detail

Real Estate (Impairments) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Real Estate [Abstract]	'	'	'
Impairment of Long-Lived Assets Held-for-use and Sale Carve Out	$14.40	$35.40	$22.40
Impairment of Long-Lived Assets to be Disposed of or Sold	$1.80	$22.60	$9.10

Real_Estate_Future_Minimum_Ope

Real Estate (Future Minimum Operating Lease Payments) (Details) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Net Lease	'
Future minimum lease payments receivable under non-cancelable operating leases	'
2014	$132,996
2015	133,272
2016	131,738
2017	125,142
2018	123,464
Operating Properties	'
Future minimum lease payments receivable under non-cancelable operating leases	'
2014	53,283
2015	48,851
2016	46,476
2017	44,516
2018	$37,979

Real_Estate_Tenant_Reimburseme

Real Estate (Tenant Reimbursements) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Real Estate [Abstract]	'	'	'
Customer reimbursements	$31.80	$30.90	$29.40

Loans_Receivable_and_Other_Len2

Loans Receivable and Other Lending Investments, net (Schedule of Loans Receivable) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011	Dec. 31, 2010
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'	'
Valuation Allowances and Reserves, Deductions	$152,784,000	[1],[2]	$203,865,000		$214,413,000	'
Loans and other lending investments	'		'		'	'
Total gross carrying value of loans	1,605,386,000		2,354,484,000		'	'
Reserves for loan losses	-377,204,000		-524,499,000		-646,624,000	-814,625,000
Total loans receivable, net	1,228,182,000		1,829,985,000		'	'
Other lending investments—securities	141,927,000		0		'	'
Total loans receivable and other lending investments, net(1)	1,370,109,000	[3]	1,829,985,000	[3]	'	'
Interest receivable	6,500,000		9,800,000		'	'
Senior mortgages	'		'		'	'
Loans and other lending investments	'		'		'	'
Total gross carrying value of loans	1,071,662,000		1,751,256,000		'	'
Subordinate mortgages	'		'		'	'
Loans and other lending investments	'		'		'	'
Total gross carrying value of loans	60,679,000		152,737,000		'	'
Corporate/Partnership loans	'		'		'	'
Loans and other lending investments	'		'		'	'
Total gross carrying value of loans	$473,045,000		$450,491,000		'	'
[1]	See Note 5 to the Company's Consolidated Financial Statements.
[2]	See Note 3 to the Company's Consolidated Financial Statements.
[3]	The Company's recorded investment in loans as of December 31, 2013 and 2012 also includes accrued interest of $6.5 million and $9.8 million, respectively, which are included in "Accrued interest and operating lease income receivable, net" on the Company's Consolidated Balance Sheets.

Loans_Receivable_and_Other_Len3

Loans Receivable and Other Lending Investments, net (Reserve for Loan Losses) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Allowance for Loan Losses [Roll Forward]	'		'		'
Reserve for loan losses at beginning of period	$524,499,000		$646,624,000		$814,625,000
Provision for loan losses	5,489,000		81,740,000	[1]	46,412,000	[1]
Charge-offs	-152,784,000	[2],[3]	-203,865,000		-214,413,000
Reserve for loan losses at end of period	377,204,000		524,499,000		646,624,000
Recoveries of previously recorded loan loss reserves	$63,100,000		$4,600,000		$23,600,000
[1]	For the years ended December 31, 2013, 2012 and 2011, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $63.1 million, $4.6 million and $23.6 million, respectively.
[2]	See Note 5 to the Company's Consolidated Financial Statements.
[3]	See Note 3 to the Company's Consolidated Financial Statements.

Loans_Receivable_and_Other_Len4

Loans Receivable and Other Lending Investments, net (Schedule of Investment in Loans) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011	Dec. 31, 2010
Loans	'		'		'	'
Individually Evaluated for Impairment(1)	$752,425,000	[1]	$1,095,957,000	[1]	'	'
Collectively Evaluated for Impairment(2)	849,613,000	[2]	1,210,077,000	[2]	'	'
Loans Acquired with Deteriorated Credit Quality(3)	9,889,000	[3]	58,281,000	[3]	'	'
Total	1,611,927,000		2,364,315,000		'	'
As of December 31, 2012	'		'		'	'
Individually Evaluated for Impairment(1)	-348,004,000	[1]	-472,058,000	[1]	'	'
Collectively Evaluated for Impairment(2)	-29,200,000	[2]	-33,100,000	[2]	'	'
Loans Acquired with Deteriorated Credit Quality(3)	0	[3]	-19,341,000	[3]	'	'
Total	-377,204,000		-524,499,000		-646,624,000	-814,625,000
Total	'		'		'	'
Individually Evaluated for Impairment(1)	404,421,000	[1]	623,899,000	[1]	'	'
Collectively Evaluated for Impairment(2)	820,413,000	[2]	1,176,977,000	[2]	'	'
Loans Acquired with Deteriorated Credit Quality(3)	9,889,000	[3]	38,940,000	[3]	'	'
Total	1,234,723,000		1,839,816,000		'	'
Unamortized discounts, premiums, deferred fees and costs, individually evaluated for impairment, net premium (discount)	500,000		4,000,000		'	'
Unamortized discounts, premiums, deferred fees and costs, collectively evaluated for impairment, net premium (discount)	4,600,000		3,800,000		'	'
Unamortized discounts, premiums, deferred fees and costs, loans acquired with deteriorated credit quality, net premium (discount)	400,000		100,000		'	'
Cumulative principal balances of loans acquired with deteriorated credit quality	$10,200,000		$58,800,000		'	'
[1]	The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs aggregating to a net premium of $0.5 million and a net discount of $4.0 million as of December 31, 2013 and 2012, respectively. The Company's loans individually evaluated for impairment primarily represent loans on non-accrual status and therefore, the unamortized amounts associated with these loans are not currently being amortized into income.
[2]	The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs aggregating to a net discount of $4.6 million and $3.8 million as of December 31, 2013 and 2012, respectively.
[3]	The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs aggregating to a net premium of $0.4 million and $0.1 million as of December 31, 2013 and 2012, respectively. These loans had cumulative principal balances of $10.2 million and $58.8 million, as of December 31, 2013 and 2012, respectively.

Loans_Receivable_and_Other_Len5

Loans Receivable and Other Lending Investments, net (Credit Characteristics for Performing Loans) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating	'	'
Performing Loans	$1,611,927	$2,364,315
Senior mortgages	'	'
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating	'	'
Performing Loans	1,074,352	'
Subordinate mortgages	'	'
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating	'	'
Performing Loans	61,364	'
Corporate/Partnership loans	'	'
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating	'	'
Performing Loans	476,211	'
Real Estate Finance	'	'
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating	'	'
Performing Loans	1,091,340	1,385,063
Weighted Average Risk Ratings	3.11	3.01
Real Estate Finance | Senior mortgages	'	'
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating	'	'
Performing Loans	591,145	840,593
Weighted Average Risk Ratings	2.5	2.75
Real Estate Finance | Subordinate mortgages	'	'
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating	'	'
Performing Loans	61,364	99,698
Weighted Average Risk Ratings	3.37	2.27
Real Estate Finance | Corporate/Partnership loans	'	'
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating	'	'
Performing Loans	$438,831	$444,772
Weighted Average Risk Ratings	3.88	3.69

Loans_Receivable_and_Other_Len6

Loans Receivable and Other Lending Investments, net (Credit Characteristics by Payment Status) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Recorded investment in loans, aged by payment status and presented by class	'	'
Current	$1,162,842	'
Less Than and Equal to 90 Days	0	'
Greater Than 90 Days	449,085	'
Total Past Due	449,085	'
Total	1,611,927	2,364,315
Senior mortgages	'	'
Recorded investment in loans, aged by payment status and presented by class	'	'
Current	625,267	'
Less Than and Equal to 90 Days	0	'
Greater Than 90 Days	449,085	'
Total Past Due	449,085	'
Total	1,074,352	'
Subordinate mortgages	'	'
Recorded investment in loans, aged by payment status and presented by class	'	'
Current	61,364	'
Less Than and Equal to 90 Days	0	'
Greater Than 90 Days	0	'
Total Past Due	0	'
Total	61,364	'
Corporate/Partnership loans	'	'
Recorded investment in loans, aged by payment status and presented by class	'	'
Current	476,211	'
Less Than and Equal to 90 Days	0	'
Greater Than 90 Days	0	'
Total Past Due	0	'
Total	$476,211	'

Loans_Receivable_and_Other_Len7

Loans Receivable and Other Lending Investments, net (Impaired Loans) (Details) (USD $)	3 Months Ended				12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Financing Receivable, Impaired [Line Items]	'		'		'		'		'
Recorded Investment	$752,425,000	[1]	$1,154,237,000	[1]	$752,425,000	[1]	$1,154,237,000	[1]	'
Unpaid Principal Balance	747,522,000	[1]	1,153,431,000	[1]	747,522,000	[1]	1,153,431,000	[1]	'
Related Allowance	-348,004,000	[1]	-491,399,000	[1]	-348,004,000	[1]	-491,399,000	[1]	'
Loans modified through troubled debt restructurings	231,800,000		175,000,000		231,800,000		175,000,000		'
Average Recorded Investment	'		'		943,761,000		1,350,704,000		2,013,239,000
Interest Income Recognized	'		'		17,618,000		7,102,000		39,998,000
Senior mortgages	'		'		'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'		'		'
Recorded Investment	653,349,000	[1]	1,027,052,000	[1]	653,349,000	[1]	1,027,052,000	[1]	'
Unpaid Principal Balance	648,455,000	[1]	1,026,346,000	[1]	648,455,000	[1]	1,026,346,000	[1]	'
Related Allowance	-304,544,000	[1]	-442,760,000	[1]	-304,544,000	[1]	-442,760,000	[1]	'
Average Recorded Investment	'		1,226,138,000		825,656,000		'		1,917,565,000
Interest Income Recognized	'		6,630,000		11,245,000		'		38,986,000
Subordinate mortgages	'		'		'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'		'		'
Recorded Investment	0	[1]	53,979,000	[1]	0	[1]	53,979,000	[1]	'
Unpaid Principal Balance	0	[1]	53,679,000	[1]	0	[1]	53,679,000	[1]	'
Related Allowance	0	[1]	-39,579,000	[1]	0	[1]	-39,579,000	[1]	'
Average Recorded Investment	'		52,208,000		32,382,000		'		19,477,000
Interest Income Recognized	0		'		'		0		0
Corporate/Partnership loans	'		'		'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'		'		'
Recorded Investment	99,076,000	[1]	73,206,000	[1]	99,076,000	[1]	73,206,000	[1]	'
Unpaid Principal Balance	99,067,000	[1]	73,406,000	[1]	99,067,000	[1]	73,406,000	[1]	'
Related Allowance	-43,460,000	[1]	-9,060,000	[1]	-43,460,000	[1]	-9,060,000	[1]	'
Average Recorded Investment	'		72,358,000		85,723,000		'		76,197,000
Interest Income Recognized	6,373,000		'		'		472,000		1,012,000
With no related allowance recorded	'		'		'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'		'		'
Recorded Investment	3,012,000	[1]	118,187,000	[1]	3,012,000	[1]	118,187,000	[1]	'
Unpaid Principal Balance	2,992,000	[1]	118,010,000	[1]	2,992,000	[1]	118,010,000	[1]	'
Related Allowance	0	[1]	0	[1]	0	[1]	0	[1]	'
Average Recorded Investment	'		'		39,471,000		172,203,000		319,189,000
Interest Income Recognized	'		'		15,319,000		2,925,000		32,479,000
With no related allowance recorded | Senior mortgages	'		'		'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'		'		'
Recorded Investment	3,012,000	[1]	108,077,000	[1]	3,012,000	[1]	108,077,000	[1]	'
Unpaid Principal Balance	2,992,000	[1]	107,850,000	[1]	2,992,000	[1]	107,850,000	[1]	'
Related Allowance	0	[1]	0	[1]	0	[1]	0	[1]	'
Average Recorded Investment	31,409,000		162,093,000		'		'		309,079,000
Interest Income Recognized	9,269,000		2,765,000		'		'		31,799,000
With no related allowance recorded | Corporate/Partnership loans	'		'		'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'		'		'
Recorded Investment	0	[1]	10,110,000	[1]	0	[1]	10,110,000	[1]	'
Unpaid Principal Balance	0	[1]	10,160,000	[1]	0	[1]	10,160,000	[1]	'
Related Allowance	0	[1]	0	[1]	0	[1]	0	[1]	'
Average Recorded Investment	'		'		8,062,000		10,110,000		10,110,000
Interest Income Recognized	6,050,000		'		'		160,000		680,000
With an allowance recorded	'		'		'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'		'		'
Recorded Investment	749,413,000	[1]	1,036,050,000	[1]	749,413,000	[1]	1,036,050,000	[1]	'
Unpaid Principal Balance	744,530,000	[1]	1,035,421,000	[1]	744,530,000	[1]	1,035,421,000	[1]	'
Related Allowance	-348,004,000	[1]	-491,399,000	[1]	-348,004,000	[1]	-491,399,000	[1]	'
Average Recorded Investment	'		'		904,290,000		1,178,501,000		1,694,050,000
Interest Income Recognized	'		'		2,299,000		4,177,000		7,519,000
With an allowance recorded | Senior mortgages	'		'		'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'		'		'
Recorded Investment	650,337,000	[1]	918,975,000	[1]	650,337,000	[1]	918,975,000	[1]	'
Unpaid Principal Balance	645,463,000	[1]	918,496,000	[1]	645,463,000	[1]	918,496,000	[1]	'
Related Allowance	-304,544,000	[1]	-442,760,000	[1]	-304,544,000	[1]	-442,760,000	[1]	'
Average Recorded Investment	'		'		794,247,000		1,064,045,000		1,608,486,000
Interest Income Recognized	'		'		1,976,000		3,865,000		7,187,000
With an allowance recorded | Subordinate mortgages	'		'		'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'		'		'
Recorded Investment	0	[1]	53,979,000	[1]	0	[1]	53,979,000	[1]	'
Unpaid Principal Balance	0	[1]	53,679,000	[1]	0	[1]	53,679,000	[1]	'
Related Allowance	0	[1]	-39,579,000	[1]	0	[1]	-39,579,000	[1]	'
Average Recorded Investment	32,382,000		52,208,000		'		'		19,477,000
Interest Income Recognized	'		'		0		0		0
With an allowance recorded | Corporate/Partnership loans	'		'		'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'		'		'
Recorded Investment	99,076,000	[1]	63,096,000	[1]	99,076,000	[1]	63,096,000	[1]	'
Unpaid Principal Balance	99,067,000	[1]	63,246,000	[1]	99,067,000	[1]	63,246,000	[1]	'
Related Allowance	-43,460,000	[1]	-9,060,000	[1]	-43,460,000	[1]	-9,060,000	[1]	'
Average Recorded Investment	77,661,000		62,248,000		'		'		66,087,000
Interest Income Recognized	'		'		323,000		312,000		332,000
Non-performing Loans	'		'		'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'		'		'
Impaired financing receivable, interest income, cash basis method	'		'		$13,300,000		$0		$26,300,000
[1]	All of the Company's non-accrual loans are considered impaired and included in the table above. In addition, as of December 31, 2013 and 2012, certain loans modified through troubled debt restructurings with a recorded investment of $231.8 million and $175.0 million, respectively, are also included as impaired loans in accordance with GAAP although they are performing and on accrual status.

Loans_Receivable_and_Other_Len8

Loans Receivable and Other Lending Investments, net (Troubled Debt Restructurings) (Details) (Senior mortgages, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
	loans	loans
Senior mortgages	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Number of Loans	6	8
Pre-Modification Outstanding Recorded Investment	$179,030	$319,667
Post-Modification Outstanding Recorded Investment	$154,278	$272,753

Loans_Receivable_and_Other_Len9

Loans Receivable and Other Lending Investments, net (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Troubled debt restructurings	'	'	'
Carrying value of loans sold	$95,100,000	$53,900,000	$144,900,000
Realized investment gains (losses)	-600,000	6,400,000	0
Unfunded commitments, troubled debt restructurings	13,300,000	'	'
Unfunded commitments	119,191,000	'	'
Performing senior mortgages	'	'	'
Troubled debt restructurings	'	'	'
Number of loans	2	'	'
Recorded investment of loans whose maturity was extended	'	64,100,000	'
Repayment of debt	'	'	'
Troubled debt restructurings	'	'	'
Recorded investment of loans whose maturity was extended	15,400,000	'	'
Non-performing senior mortgages	'	'	'
Troubled debt restructurings	'	'	'
Recorded investment of loans whose maturity was extended	174,500,000	255,600,000	'
Financing receivable modifications recorded investment of contracts whose maturity extended and reduced principal	98,300,000	'	'
Modified loans	'	1	'
Non-performing first mortgage with recorded charge offs and rate reductions	'	'	'
Troubled debt restructurings	'	'	'
Financing receivable modifications recorded investment of contracts whose maturity extended and reduced principal	'	181,500,000	'
Financing receivable modification charge offs	'	45,500,000	'
Minimum | Performing senior mortgages	'	'	'
Troubled debt restructurings	'	'	'
Trouble debt restructuring time period	'1 year	'1 year	'
Minimum | Non-performing first mortgage with recorded charge offs and rate reductions	'	'	'
Troubled debt restructurings	'	'	'
Trouble debt restructuring time period	'	'1 month	'
Maximum | Performing senior mortgages	'	'	'
Troubled debt restructurings	'	'	'
Trouble debt restructuring time period	'3 years	'3 years	'
Maximum | Non-performing first mortgage with recorded charge offs and rate reductions	'	'	'
Troubled debt restructurings	'	'	'
Trouble debt restructuring time period	'	'7 months	'
One Year Payment Extension | Performing senior mortgages	'	'	'
Troubled debt restructurings	'	'	'
Recorded investment of loans whose maturity was extended	4,600,000	'	'
Trouble debt restructuring time period	'1 year	'	'
Corporate Debt Securities	'	'	'
Troubled debt restructurings	'	'	'
Held-to-maturity securities, term	'3 years	'	'
Held-to-maturity securities, number of term extensions	2	'	'
Held-to-maturity securities, term extension	'12 months	'	'
Held-to-maturity securities	140,890,000	'	'
Unfunded commitments	$6,200,000	'	'

Recovered_Sheet1

Loans Receivable and Other Lending Investments, net (Troubled Debt Restructuring Subsequently Defaulted) (Details) (Senior mortgages troubled debt restructurings, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
	loans	loans
Senior mortgages troubled debt restructurings	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Number of Loans	1	1
Outstanding Recorded Investment	$26,693	$18,511

Recovered_Sheet2

Loans Receivable and Other Lending Investments, net (Securities) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Schedule of Debt Securities [Line Items]	'
Available-for-sale Securities, Amortized Cost Basis	$1,055
Available-for-sale Securities, Estimated Fair Value and Net Carrying Value	1,037
Held-to-Maturity Securities, Amortized Cost Basis	140,890
Held-to-Maturity Securities, Estimated Fair Value	140,890
Face Value	140,897
Amortized Cost Basis	141,945
Estimated Fair Value	141,927
Net Carrying Amount	141,927
Municipal Bonds	'
Schedule of Debt Securities [Line Items]	'
Available-for-sale Securities, Face Value	1,055
Available-for-sale Securities, Amortized Cost Basis	1,055
Available-for-sale Securities, Net Unrealized Gain (Loss)	-18
Available-for-sale Securities, Estimated Fair Value and Net Carrying Value	1,037
Corporate Debt Securities	'
Schedule of Debt Securities [Line Items]	'
Held-to-Maturity Securities, Face Value	139,842
Held-to-Maturity Securities, Amortized Cost Basis	140,890
Held-to-Maturity Securities, Net Unrealized Gain (Loss)	0
Held-to-Maturity Securities, Estimated Fair Value	140,890
Held-to-maturity Securities	140,890
Debt Securities	'
Schedule of Debt Securities [Line Items]	'
Available-for-sale Securities, Net Unrealized Gain (Loss)	($18)

Recovered_Sheet3

Loans Receivable and Other Lending Investments, net (Securities Maturities) (Details) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Receivables [Abstract]	'
Held-to-Maturity Securities, Amortized Cost Basis, Within one year	$0
Held-to-Maturity Securities, Amortized Cost Basis, After one year through 5 years	140,890
Held-to-Maturity Securities, Amortized Cost Basis, After 5 years through 10 years	0
Held-to-Maturity Securities, Amortized Cost Basis, After 10 years	0
Held-to-Maturity Securities, Amortized Cost Basis, Total	140,890
Held-to-Maturity Securities, Estimated Fair Value, Within one year	0
Held-to-Maturity Securities, Estimated Fair Value, After one year through 5 years	140,890
Held-to-Maturity Securities, Estimated Fair Value, After 5 years through 10 years	0
Held-to-Maturity Securities, Estimated Fair Value, After 10 years	0
Held-to-Maturity Securities, Estimated Fair Value, Total	140,890
Available-for-Sale Securities, Amortized Cost Basis, Within one year	0
Available-for-Sale Securities, Amortized Cost Basis, After one year through 5 years	0
Available-for-Sale Securities, Amortized Cost Basis, After 5 years through 10 years	0
Available-for-Sale Securities, Amortized Cost Basis, After 10 years	1,055
Available-for-Sale Securities, Amortized Cost Basis, Total	1,055
Available-for-Sale Securities, Estimated Fair Value	0
Available-for-Sale Securities, Estimated Fair Value, After one year through 5 years	0
Available-for-Sale Securities, Estimated Fair Value, After 5 years through 10 years	0
Available-for-Sale Securities, Estimated Fair Value, After 10 years	1,037
Available-for-Sale Securities, Estimated Fair Value, Total	$1,037

Other_Investments_Schedule_of_

Other Investments (Schedule of Other Investments) (Details) (USD $)

12 Months Ended

6 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Apr. 19, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Dec. 31, 2011

Sep. 30, 2011

Sep. 30, 2013

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2011

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

Madison Funds

Madison Funds

Madison Funds

Madison Funds

Oak Hill Funds

Oak Hill Funds

Oak Hill Funds

Real estate equity investments

Real estate equity investments

Real estate equity investments

Other equity method investments

Other equity method investments

Other equity method investments

Oak Hill Advisors

Schedule of Equity Method Investments [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity method investments

$197,307,000

$387,718,000

'

'

$0

$205,773,000

$205,773,000

[1],[2]

'

'

$0

[1],[2]

'

$67,782,000

$56,547,000

'

$21,366,000

$29,840,000

'

$62,205,000

$47,619,000

'

$45,954,000

[3]

$47,939,000

[3]

'

'

Other, carrying value

9,902,000

11,125,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other investments

207,209,000

398,843,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Earnings (loss) from equity method investments

41,520,000

103,009,000

95,091,000

45,375,000

[2],[4]

16,465,000

60,669,000

60,669,000

[2],[4]

53,861,000

53,861,000

[2],[4]

'

13,700,000

14,796,000

10,246,000

3,641,000

4,174,000

5,844,000

1,918,000

2,753,000

21,636,000

-5,273,000

3,332,000

[3]

4,614,000

[3]

40,944,000

[3]

'

Included within earnings from equity method investments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$38,400,000

[1]

Represents the Company's investment in LNR at December 31, 2013 and 2012, respectively.

[2]

The Company recorded its investment in LNR, which was sold in April 2013, on a one quarter lag, therefore, amounts in the Company's financial statements for the year ended December 31, 2013 are based on balances and results from LNR for the period from October 1, 2012 to April 19, 2013. The amounts in the Company's financial statements for the year ended December 31, 2012 and 2011 are based on balances and results from LNR for the years ended September 30, 2012 and 2011, respectively.

[3]

For the year ended December 31, 2011, equity in earnings includes $38.4 million of earnings related to Oak Hill Advisors, L.P. and related entities that were sold in October 2011.

[4]

LNR reported a net loss for the period from April 1, 2013 to April 19, 2013 which had already been considered in the Company's other than temporary impairment assessment. As such, no equity in earnings was recorded during the quarter ended September 30, 2013. The total equity in earnings recognized for LNR was $45.4 million for the year ended December 31, 2013.

Other_Investments_LNR_Property

Other Investments (LNR Property Narrative) (Details) (LNR Property LLC (LNR), USD $)

1 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

Apr. 19, 2013

Jul. 31, 2010

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2011

Jul. 28, 2010

LNR Property LLC (LNR)

'

'

'

'

'

'

'

'

'

'

Schedule of Equity Method Investments [Line Items]

'

'

'

'

'

'

'

'

'

'

iStar's ownership percentage

24.00%

[1]

'

'

'

'

'

0.00%

[1]

24.00%

[1]

24.00%

[1]

24.00%

Percentage of ownership acquired by the Company and a group of investors

'

'

'

'

'

'

'

'

'

100.00%

Contribution towards principal amount of Holdco Notes

'

$100,000,000

'

'

'

'

'

'

'

'

Amount of cash contributed in exchange for equity interest

'

100,000,000

'

'

'

'

'

'

'

'

Equity interest in investee

'

'

'

'

'

'

'

'

'

120,000,000

Sales proceeds pursuant to contract

220,300,000

'

220,281,000

0

0

220,281,000

'

'

'

'

Real estate, net proceeds held in escrow for potential indemnification obligations

'

'

'

'

$25,200,000

$25,200,000

'

'

'

'

[1]

The Company recorded its investment in LNR, which was sold in April 2013, on a one quarter lag, therefore, amounts in the Company's financial statements for the year ended December 31, 2013 are based on balances and results from LNR for the period from October 1, 2012 to April 19, 2013. The amounts in the Company's financial statements for the year ended December 31, 2012 and 2011 are based on balances and results from LNR for the years ended September 30, 2012 and 2011, respectively.

Other_Investments_Income_State

Other Investments (Income Statement) (Details) (USD $)

3 Months Ended

6 Months Ended

12 Months Ended

Dec. 31, 2012

Apr. 19, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Dec. 31, 2011

Sep. 30, 2011

Sep. 30, 2013

Jul. 28, 2010

Schedule of Equity Method Investments [Line Items]

'

'

'

'

'

'

'

'

'

Earnings (loss) from equity method investments

'

'

$41,520,000

$103,009,000

'

$95,091,000

'

'

'

LNR Property LLC (LNR)

'

'

'

'

'

'

'

'

'

Schedule of Equity Method Investments [Line Items]

'

'

'

'

'

'

'

'

'

Total revenue(2)

'

179,373,000

[1],[2]

'

'

332,902,000

[1],[2]

'

327,032,000

[1],[2]

'

'

Income tax (expense) benefit(3)

'

-2,137,000

[2],[3]

'

'

-6,731,000

[2],[3]

'

76,558,000

[2],[3]

'

'

Net income attributable to parent entities

'

113,478,000

[2],[4]

'

'

253,039,000

[2],[4]

'

225,190,000

[2],[4]

'

'

iStar's ownership percentage

'

24.00%

[2]

'

'

24.00%

[2]

'

24.00%

[2]

0.00%

[2]

24.00%

Earnings (loss) from equity method investments

'

45,375,000

[2],[5]

16,465,000

60,669,000

60,669,000

[2],[5]

53,861,000

53,861,000

[2],[5]

'

'

Assets, Net of VIEs

'

'

'

'

1,380,000,000

'

'

'

'

Noncurrent liabilities, Net of VIEs

'

'

'

'

398,900,000

'

'

'

'

Liabilities, Net of VIEs

'

'

'

'

517,100,000

'

'

'

'

Equity Method Investment, Summarized Financial Information, Other Loss

66,200,000

'

'

'

'

'

'

'

'

LNR and certain commercial mortgage backed securities and collateralized debt obligation trusts that are considered VIEs

'

'

'

'

'

'

'

'

'

Schedule of Equity Method Investments [Line Items]

'

'

'

'

'

'

'

'

'

Total VIE trust assets

'

'

'

'

97,520,000,000

'

'

'

'

Total VIE trust liabilities

'

'

'

'

97,210,000,000

'

'

'

'

Servicing fee revenue

'

55,500,000

'

'

95,400,000

'

119,000,000

'

'

Equity method investments excluding LNR

'

'

'

'

'

'

'

'

'

Schedule of Equity Method Investments [Line Items]

'

'

'

'

'

'

'

'

'

Total revenue(2)

'

'

284,513,000

401,870,000

'

198,340,000

'

'

'

Net income attributable to parent entities

'

'

$206,198,000

$304,960,000

'

$97,066,000

'

'

'

[1]

LNR consolidates certain commercial mortgage-backed securities and collateralized debt obligation trusts that are considered VIEs (and for which it is the primary beneficiary), that have been included in the amounts presented above. As of September 30, 2012, the assets of these trusts, which aggregated $97.52 billion, were the sole source of repayment of the related liabilities, which aggregated $97.21 billion and are non-recourse to LNR and its equity holders, including the Company. Excluding the amounts related to VIEs, as of September 30, 2012, total assets were $1.38 billion , total debt was $398.9 million, and total liabilities were $517.1 million. In addition, total revenue presented above includes $55.5 million, $95.4 million, and $119.0 million for the period from October 1, 2012 to April 19, 2013 and for the years ended September 30, 2012 and 2011, respectively, of servicing fee revenue that is eliminated upon consolidation of the VIE's at the LNR level. This income is then added back through consolidation at the LNR level as an adjustment to income allocable to noncontrolling entities and has no net impact on net income attributable to LNR.

[2]

The Company recorded its investment in LNR, which was sold in April 2013, on a one quarter lag, therefore, amounts in the Company's financial statements for the year ended December 31, 2013 are based on balances and results from LNR for the period from October 1, 2012 to April 19, 2013. The amounts in the Company's financial statements for the year ended December 31, 2012 and 2011 are based on balances and results from LNR for the years ended September 30, 2012 and 2011, respectively.

[3]

During the year ended December 31, 2011, LNR recorded an income tax benefit from the settlement of certain tax liabilities.

[4]

Subsequent to the sale of the Company's interest in LNR, LNR reported a reduction in their earnings of $66.2 million related to a purchase price allocation adjustment. The reduction was reflected in LNR's operations for the three months ended March 31, 2013, which resulted in a net loss for the period. Because the Company recorded its investment in LNR on a one quarter lag, the adjustment was reflected in the quarter ended June 30, 2013. There was no net impact on the Company's previously reported equity in earnings as the Company limited its proportionate share of earnings from LNR as described above.

[5]

LNR reported a net loss for the period from April 1, 2013 to April 19, 2013 which had already been considered in the Company's other than temporary impairment assessment. As such, no equity in earnings was recorded during the quarter ended September 30, 2013. The total equity in earnings recognized for LNR was $45.4 million for the year ended December 31, 2013.

Other_Investments_Balance_Shee

Other Investments (Balance Sheet) (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013		Apr. 19, 2013		Dec. 31, 2012	Sep. 30, 2012		Sep. 30, 2011		Jul. 28, 2010
In Thousands, unless otherwise specified
Schedule of Equity Method Investments [Line Items]	'	'		'		'	'		'		'
Equity method investments	$197,307	'		'		$387,718	'		'		'
LNR Property LLC (LNR)	'	'		'		'	'		'		'
Schedule of Equity Method Investments [Line Items]	'	'		'		'	'		'		'
Total assets(2)	'	0	[1],[2]	'		'	98,513,452	[1],[2]	'		'
Total debt(2)	'	0	[1],[2]	'		'	97,521,520	[1],[2]	'		'
Total liabilities(2)	'	0	[1],[2]	'		'	97,639,696	[1],[2]	'		'
Noncontrolling interests	'	0	[2]	'		'	8,067	[2]	'		'
Total equity	'	0	[2]	'		'	865,689	[2]	'		'
iStar's ownership percentage	'	0.00%	[2]	24.00%	[2]	'	24.00%	[2]	24.00%	[2]	24.00%
Equity method investments	0	0	[2],[3]	'		205,773	205,773	[2],[3]	'		'
Equity method investments excluding LNR	'	'		'		'	'		'		'
Schedule of Equity Method Investments [Line Items]	'	'		'		'	'		'		'
Total assets(2)	2,980,737	'		'		2,758,889	'		'		'
Total liabilities(2)	303,100	'		'		170,997	'		'		'
Noncontrolling interests	333	'		'		2,253	'		'		'
Total equity	$2,677,304	'		'		$2,585,639	'		'		'
[1]	LNR consolidates certain commercial mortgage-backed securities and collateralized debt obligation trusts that are considered VIEs (and for which it is the primary beneficiary), that have been included in the amounts presented above. As of September 30, 2012, the assets of these trusts, which aggregated $97.52 billion, were the sole source of repayment of the related liabilities, which aggregated $97.21 billion and are non-recourse to LNR and its equity holders, including the Company. Excluding the amounts related to VIEs, as of September 30, 2012, total assets were $1.38 billion , total debt was $398.9 million, and total liabilities were $517.1 million. In addition, total revenue presented above includes $55.5 million, $95.4 million, and $119.0 million for the period from October 1, 2012 to April 19, 2013 and for the years ended September 30, 2012 and 2011, respectively, of servicing fee revenue that is eliminated upon consolidation of the VIE's at the LNR level. This income is then added back through consolidation at the LNR level as an adjustment to income allocable to noncontrolling entities and has no net impact on net income attributable to LNR.
[2]	The Company recorded its investment in LNR, which was sold in April 2013, on a one quarter lag, therefore, amounts in the Company's financial statements for the year ended December 31, 2013 are based on balances and results from LNR for the period from October 1, 2012 to April 19, 2013. The amounts in the Company's financial statements for the year ended December 31, 2012 and 2011 are based on balances and results from LNR for the years ended September 30, 2012 and 2011, respectively.
[3]	Represents the Company's investment in LNR at December 31, 2013 and 2012, respectively.

Other_Investments_Cash_Flows_D

Other Investments (Cash Flows) (Details) (USD $)

12 Months Ended

6 Months Ended

12 Months Ended

In Thousands, unless otherwise specified

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Apr. 19, 2013

Sep. 30, 2012

Sep. 30, 2011

Sep. 30, 2013

Jul. 28, 2010

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

Schedule of Equity Method Investments [Line Items]

'

'

'

'

'

'

'

'

Operating cash flows

'

'

'

($127,075)

[1]

($85,909)

[1]

$170,703

[1]

'

'

Cash flows from investing activities

'

'

'

-36,543

[1]

-55,686

[1]

45,488

[1]

'

'

Cash flows from financing activities

'

'

'

217,241

[1]

229,634

[1]

-123,506

[1]

'

'

Net cash flows

'

'

'

53,623

[1]

88,039

[1]

92,685

[1]

'

'

Cash distributions

'

'

'

0

[1]

61,179

[1]

73,916

[1]

'

'

iStar's ownership percentage

'

'

'

24.00%

[1]

24.00%

[1]

24.00%

[1]

0.00%

[1]

24.00%

Distributions from operations of equity method investments

$17,252

$105,586

$85,766

$0

[1]

$14,690

[1]

$17,722

[1]

'

'

[1]

The Company recorded its investment in LNR, which was sold in April 2013, on a one quarter lag, therefore, amounts in the Company's financial statements for the year ended December 31, 2013 are based on balances and results from LNR for the period from October 1, 2012 to April 19, 2013. The amounts in the Company's financial statements for the year ended December 31, 2012 and 2011 are based on balances and results from LNR for the years ended September 30, 2012 and 2011, respectively.

Other_Investments_LNR_Property1

Other Investments (LNR Property) (Details) (LNR Property LLC (LNR), USD $)	1 Months Ended	3 Months Ended				6 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Apr. 19, 2013	Jun. 30, 2013		Mar. 31, 2013		Dec. 31, 2013		Dec. 31, 2013
LNR Property LLC (LNR)	'	'		'		'		'
Schedule of Investment in Equity Method Investments [Roll Forward]	'	'		'		'		'
Carrying value of LNR at beginning of period	$220,281	$220,281		$205,773		$0		$205,773
Equity in earnings of LNR for the period(1)	'	0	[1]	45,375	[1]	0	[1]	45,375	[1]
Balance before other than temporary impairment	'	220,281		251,148		0		251,148
Other than temporary impairment(1)	'	0	[1]	-30,867	[1]	0	[1]	-30,867	[1]
Sales proceeds pursuant to contract	-220,300	-220,281		0		0		-220,281
Carrying value of LNR at end of period	'	$0		$220,281		$0		$0
[1]	$66.2 million

Other_Investments_Narrative_De

Other Investments (Narrative) (Details) (USD $)

12 Months Ended

1 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Apr. 19, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2013

Apr. 19, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Dec. 31, 2011

Sep. 30, 2011

Sep. 30, 2013

Jul. 28, 2010

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Oct. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

Madison International Real Estate Fund IILP

Madison International Real Estate Fund IIILP

Madison GP1 Investors LP

Oak Hill Funds Group 2

Real estate equity investments

Real estate equity investments

Real estate equity investments

Oak Hill Advisors

Land

Land

Land

Land

Land

Land

Land

Land

Land

Net Lease

Net Lease

Net Lease

Operating Properties

Operating Properties

Operating Properties

Operating Properties

Minimum

Maximum

Real estate equity investments

Real estate equity investments

Real estate equity investment 75.6%

Real estate equity investment 50.0%

Other real estate equity investments

Other real estate equity investments

Other real estate equity investments

Other real estate equity investments

Real estate equity investments

Real estate equity investments

Other real estate equity investments

Other real estate equity investments

Other real estate equity investments

Other real estate equity investments

Schedule of Equity Method Investments [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Income (loss) from equity method investments, release of AOCI

'

'

'

'

'

'

'

'

$1,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Income (loss) from equity method investments, net of OTTI

'

'

'

'

'

'

'

'

16,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

iStar's ownership percentage

'

'

'

24.00%

[1]

'

'

'

24.00%

[1]

'

'

24.00%

[1]

'

24.00%

[1]

0.00%

[1]

24.00%

29.52%

32.92%

29.52%

5.92%

'

'

'

'

'

'

'

47.50%

'

75.60%

50.00%

'

'

'

'

'

33.00%

'

'

'

31.00%

70.00%

Property sold, aggregate, carrying value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

14,800,000

72,100,000

9,500,000

21,400,000

'

'

'

'

'

18,700,000

'

'

'

'

'

'

'

'

Equity method investment, carryover basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity method investment, distribution

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity method investments

197,307,000

387,718,000

'

'

'

'

0

'

0

205,773,000

205,773,000

[1],[2]

'

'

0

[1],[2]

'

'

'

'

'

62,205,000

47,619,000

'

'

'

'

'

5,500,000

'

18,000,000

3,500,000

2,700,000

5,500,000

'

16,400,000

16,400,000

'

'

16,000,000

25,700,000

'

'

Earnings (loss) from equity method investments

41,520,000

103,009,000

95,091,000

'

'

'

'

45,375,000

[1],[3]

16,465,000

60,669,000

60,669,000

[1],[3]

53,861,000

53,861,000

[1],[3]

'

'

'

'

'

'

2,753,000

21,636,000

-5,273,000

'

'

'

'

'

'

'

'

'

'

'

'

'

4,700,000

26,000,000

'

'

'

'

Sales proceeds pursuant to contract

'

'

'

220,300,000

220,281,000

0

0

'

220,281,000

'

'

'

'

'

'

'

'

'

'

'

'

'

183,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net gain from sale of ownership interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$30,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

The Company recorded its investment in LNR, which was sold in April 2013, on a one quarter lag, therefore, amounts in the Company's financial statements for the year ended December 31, 2013 are based on balances and results from LNR for the period from October 1, 2012 to April 19, 2013. The amounts in the Company's financial statements for the year ended December 31, 2012 and 2011 are based on balances and results from LNR for the years ended September 30, 2012 and 2011, respectively.

[2]

Represents the Company's investment in LNR at December 31, 2013 and 2012, respectively.

[3]

LNR reported a net loss for the period from April 1, 2013 to April 19, 2013 which had already been considered in the Company's other than temporary impairment assessment. As such, no equity in earnings was recorded during the quarter ended September 30, 2013. The total equity in earnings recognized for LNR was $45.4 million for the year ended December 31, 2013.

Other_Assets_and_Other_Liabili2

Other Assets and Other Liabilities (Other Assets) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Other Assets and Other Liabilities [Abstract]	'		'		'
Finite-Lived Intangible Assets, Accumulated Amortization	$38,100,000		$51,500,000		'
Amortization of Above Market Lease	7,000,000		5,800,000		2,700,000
Amortization of Intangible Assets	8,200,000		7,000,000		7,700,000
Intangible assets, net(1)	100,652,000	[1]	69,134,000	[1]	'
Other receivables	34,655,000		11,517,000		'
Deferred financing fees, net(2)	33,591,000	[2]	26,629,000	[2]	'
Leasing costs, net(3)	21,799,000	[3]	20,205,000	[3]	'
Corporate furniture, fixtures and equipment, net(4)	6,557,000	[4]	7,537,000	[4]	'
Other assets	40,726,000		28,102,000		'
Deferred expenses and other assets, net	237,980,000		163,124,000		'
Accumulated amortization of deferred financing fees	9,900,000		4,100,000		'
Accumulated amortization on leasing costs	7,100,000		6,600,000		'
Accumulated depreciation on corporate furniture, fixtures and equipment	$6,200,000		$6,200,000		'
[1]	Accumulated amortization on intangible assets was $38.1 million and $51.5 million as of December 31, 2013 and 2012, respectively. The amortization of above market leases decreased operating lease income on the Company's Consolidated Statements of Operations by $7.0 million, $5.8 million and $2.7 million for the years ended December 31, 2013, 2012 and 2011, respectively. The total amortization expense for intangible assets was $8.2 million, $7.0 million and $7.7 million for the years ended December 31, 2013, 2012 and 2011, respectively. These amounts are included in “Depreciation and amortization” on the Company's Consolidated Statements of Operations.
[2]	Accumulated amortization on deferred financing fees was $9.9 million and $4.1 million as of December 31, 2013 and 2012, respectively.
[3]	Accumulated amortization on leasing costs was $7.1 million and $6.6 million as of December 31, 2013 and 2012, respectively.
[4]	Accumulated depreciation on corporate furniture, fixtures and equipment was $6.2 million and $6.2 million as of December 31, 2013 and 2012, respectively.

Other_Assets_and_Other_Liabili3

Other Assets and Other Liabilities (Schedule of Other Liabilities) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Other Assets and Other Liabilities [Abstract]	'		'		'
Accrued expenses	$58,840,000		$50,467,000		'
Accrued interest payable	40,015,000		29,521,000		'
Intangible liabilities, net(1)	26,223,000	[1]	9,210,000	[1]	'
Other liabilities	45,753,000		52,472,000		'
Accounts payable, accrued expenses and other liabilities	170,831,000		141,670,000		'
Below market lease, accumulated amortization	4,600,000		2,200,000		'
Amortization of below market lease	$2,800,000		$1,400,000		$600,000
[1]	Accumulated amortization on intangible liabilities was $4.6 million and $2.2 million as of December 31, 2013 and 2012, respectively. The amortization of intangible liabilities increased operating lease income on the Company's Consolidated Statements of Operations by $2.8 million, $1.4 million and $0.6 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Other_Assets_and_Other_Liabili4

Other Assets and Other Liabilities (Intangible Assets and Liabilities) (Details) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]	'
2014	$10,530
2015	7,886
2016	7,122
2017	6,145
2018	$4,295

Debt_Obligations_net_Schedule_

Debt Obligations, net (Schedule of Debt) (Details) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

31-May-13

Dec. 31, 2012

Dec. 31, 2013

31-May-13

Dec. 31, 2012

Dec. 31, 2013

Nov. 13, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

31-May-13

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Nov. 13, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

31-May-13

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

In Thousands, unless otherwise specified

2012 Tranche A-1 Facility

2012 Tranche A-1 Facility

2012 Tranche A-2 Facility

2012 Tranche A-2 Facility

October 2012 Secured Credit Facility

October 2012 Secured Credit Facility

February 2013 Secured Credit Facility

February 2013 Secured Credit Facility

Term loans collateralized by net lease assets

Term loans collateralized by net lease assets

Total secured credit facilities and term loans

Total secured credit facilities and term loans

Unsecured Notes 8.625% senior notes

Unsecured Notes 8.625% senior notes

Unsecured Notes 8.625% senior notes

Unsecured Notes 5.95% senior notes

Unsecured Notes 5.95% senior notes

Unsecured Notes 5.95% senior notes

Unsecured Notes 5.70% senior notes

Unsecured Notes 5.70% senior notes

Unsecured Notes 5.70% senior notes

Unsecured Notes 6.05% senior notes

Unsecured Notes 6.05% senior notes

Unsecured Notes 5.875% senior notes

Unsecured Notes 5.875% senior notes

Unsecured Notes 3.875% senior notes

Unsecured Notes 3.875% senior notes

Unsecured Notes 3.875% senior notes

Senior Convertible 3.0% notes

Senior Convertible 3.0% notes

Senior Convertible 1.50% notes

Senior Convertible 1.50% notes

Senior Convertible 1.50% notes

Unsecured Notes 5.85% senior notes

Unsecured Notes 5.85% senior notes

Unsecured Notes 9.0% senior notes

Unsecured Notes 9.0% senior notes

Unsecured Notes 7.125% senior notes

Unsecured Notes 7.125% senior notes

Unsecured Notes 4.875% senior notes

Unsecured Notes 4.875% senior notes

Unsecured Notes 4.875% senior notes

Unsecured Notes

Unsecured Notes

Other debt obligations due in October, 2035

Other debt obligations due in October, 2035

Minimum

Minimum

Minimum

Minimum

Property One

Property Two

2012 Tranche A-2 Facility

London Interbank Offered Rate (LIBOR)

London Interbank Offered Rate (LIBOR)

London Interbank Offered Rate (LIBOR)

London Interbank Offered Rate (LIBOR)

London Interbank Offered Rate (LIBOR)

2012 Tranche A-1 Facility

October 2012 Secured Credit Facility

February 2013 Secured Credit Facility

Term loans collateralized by net lease assets

Term loans collateralized by net lease assets

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total debt obligations

$4,196,589

$4,745,807

$0

[1]

$169,164

[1]

$431,475

[1]

$470,000

[1]

$0

[2]

$1,754,466

[2]

$1,379,407

[3]

$0

[3]

$278,817

[4]

$264,432

[4]

$2,089,699

$2,658,062

$0

'

$96,801

$0

'

$448,453

$0

'

$200,601

$105,765

$105,765

$261,403

$261,403

$265,000

'

$0

$200,000

[5]

$200,000

[5]

$200,000

[6]

'

$0

[6]

$99,722

$99,722

$275,000

$275,000

$300,000

$300,000

$300,000

'

$0

$2,006,890

$1,987,745

$100,000

$100,000

'

'

'

'

'

'

Debt discounts, net

-38,464

-54,313

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total long-term debt obligations, net

$4,158,125

$4,691,494

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stated interest rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8.63%

8.63%

8.63%

5.95%

5.95%

'

5.70%

5.70%

'

6.05%

'

5.88%

'

3.88%

3.88%

'

3.00%

[5]

'

1.50%

[6]

1.50%

'

5.85%

'

9.00%

'

7.13%

'

4.88%

4.88%

'

'

'

'

'

'

'

'

'

'

'

Variable interest rate, spread

'

'

4.00%

[1]

'

5.75%

[1]

'

4.50%

[2]

'

3.50%

[2]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.50%

'

1.25%

1.25%

1.25%

1.00%

2.00%

2.75%

Variable interest rate, basis

'

'

'LIBOR

[1]

'

'LIBOR

[1]

'

'LIBOR

[2]

'

'LIBOR

[2]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'LIBOR

'

'

'

'

'

'

'

Effective interest rate

'

'

'

'

7.00%

'

'

'

4.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stated interest rate, minimum

'

'

'

'

'

'

'

'

'

'

4.85%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stated interest rate, maximum

'

'

'

'

'

'

'

'

'

'

7.26%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Convertible debt conversion ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.085

'

0.0578

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

These loans each have a LIBOR floor of 1.25%. As of December 31, 2013, inclusive of the floor, the 2012 Tranche A-2 Facility loan incurred interest at a rate of 7.00%.

[2]

This loan has a LIBOR floor of 1.25%.

[3]

This loan has a LIBOR floor of 1.00%. As of December 31, 2013, inclusive of the floor, the February 2013 Secured Credit Facility incurred interest at a rate of 4.50%.

[4]

Includes a loan with a floating rate of LIBOR plus 2.00% and a loan with a floating rate of LIBOR plus 2.75%.

[5]

The Company's 3.0% senior convertible fixed rate notes due November 2016 ("3.0% Convertible Notes") are convertible at the option of the holders, into 85.0 shares per $1,000 principal amount of 3.0% Convertible Notes, at any time prior to the close of business on November 14, 2016.

[6]

The Company's 1.50% senior convertible fixed rate notes due November 2016 ("1.50% Convertible Notes") are convertible at the option of the holders, into 57.8 shares per $1,000 principal amount of 1.50% Convertible Notes, at any time prior to the close of business on November 14, 2016.

Debt_Obligations_net_Future_Sc

Debt Obligations, net (Future Scheduled Maturities) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
2014	$21,657	'
2015	105,765	'
2016	926,403	'
2017	2,185,604	'
2018	617,052	'
Thereafter	340,108	'
Total principal maturities	4,196,589	4,745,807
Unamortized debt discounts, net	-38,464	-54,313
Total long-term debt obligations, net	4,158,125	4,691,494
Unsecured Debt	'	'
Debt Instrument [Line Items]	'	'
2014	0	'
2015	105,765	'
2016	926,403	'
2017	374,722	'
2018	600,000	'
Thereafter	100,000	'
Total principal maturities	2,106,890	'
Unamortized debt discounts, net	-11,081	'
Total long-term debt obligations, net	2,095,809	'
Secured Debt	'	'
Debt Instrument [Line Items]	'	'
2014	21,657	'
2015	0	'
2016	0	'
2017	1,810,882	'
2018	17,052	'
Thereafter	240,108	'
Total principal maturities	2,089,699	'
Unamortized debt discounts, net	-27,383	'
Total long-term debt obligations, net	$2,062,316	'

Debt_Obligations_net_Secured_C

Debt Obligations, net (Secured Credit Facility Narrative) (Details) (USD $)

12 Months Ended

12 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Sep. 30, 2012

Dec. 31, 2013

Feb. 11, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Feb. 11, 2013

Oct. 15, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Mar. 31, 2012

Mar. 31, 2011

Dec. 31, 2011

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Mar. 31, 2012

Mar. 31, 2012

Dec. 31, 2012

Mar. 31, 2012

Dec. 31, 2013

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2012

Oct. 31, 2012

Mar. 31, 2011

Dec. 31, 2011

Feb. 11, 2013

Dec. 31, 2013

Dec. 31, 2011

Feb. 11, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2010

Secured Term Loans 5.3% and 8.2% due January 2013

Secured Term Loans 5.3% and 8.2% due January 2013

February 2013 Secured Credit Facility

February 2013 Secured Credit Facility

February 2013 Secured Credit Facility

October 2012 Secured Credit Facility

October 2012 Secured Credit Facility

October 2012 Secured Credit Facility

October 2012 Secured Credit Facility

2012 Tranche A-1 Facility

2012 Tranche A-1 Facility

2012 Tranche A-1 Facility

Secured 2011 Tranche A-2 Facility Due 2014

Secured 2011 Tranche A-2 Facility Due 2014

Secured 2011 Tranche A-2 Facility Due 2014

2012 Tranche A-2 Facility

2012 Tranche A-2 Facility

2012 Tranche A-2 Facility

2012 Secured Credit Facilities

Unsecured Notes LIBOR plus 0.50% senior convertible notes

Unsecured Notes LIBOR plus 0.50% senior convertible notes

Unsecured Line of credit due June 2012

Unsecured Notes 5.50% senior notes

2011 Secured Credit Facilities

2011 Secured Credit Facilities

2011 Secured Credit Facilities

2011 Secured Credit Facilities

2011 Secured Credit Facilities

Secured 2011 Tranche A-1 Facility Due 2013

Secured 2011 Tranche A-1 Facility Due 2013

Minimum

Minimum

Minimum

Maximum

Lenders from Original Credit Facility Not Participating in New Credit Facility

London Interbank Offered Rate (LIBOR)

London Interbank Offered Rate (LIBOR)

London Interbank Offered Rate (LIBOR)

Net Lease Asset

Net Lease Asset

Net Lease Asset

tranches

tranches

Prior to Refinancing of Debt

Prior to Refinancing of Debt

Refinancing of Debt

Refinancing of Debt

February 2013 Secured Credit Facility

2012 Tranche A-2 Facility

Secured 2011 Tranche A-1 Facility Due 2013

February 2013 Secured Credit Facility

Minimum

Minimum

Minimum

property

Portfolio Lease Asset Sale

Portfolio Lease Asset Sale

February 2013 Secured Credit Facility

October 2012 Secured Credit Facility

2012 Tranche A-1 Facility

property

property

Line of Credit Facility [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, face amount

'

'

'

'

$53,300,000

'

$1,706,980,000

'

'

'

'

$1,820,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, covenant, minimum collateral coverage, one

'

'

'

'

'

'

125.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, covenant, minimum collateral coverage, two

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

137.50%

'

'

150.00%

'

'

'

'

'

'

'

Debt instrument, collateral, percent of proceeds from principal repayments and sales applied to repayment, one

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, collateral, percent of proceeds from principal repayments and sales applied to repayment, two

'

'

'

'

'

'

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, covenant, minimum collateral coverage, three

'

'

'

'

'

'

150.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, lender fees, amount

'

'

'

'

'

17,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, capitalized lender fees

'

'

'

'

'

14,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, lender fees, amount recorded as a loss on early extinguishment of debt

'

'

'

'

'

2,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, third party fees

'

'

'

'

'

3,800,000

'

'

'

14,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, third party fees, amount recognized

'

'

'

'

'

3,600,000

'

'

'

8,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, third party fees, amount capitalized

'

'

'

'

'

200,000

'

'

'

6,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of REIT taxable income permitted for distribution under debt covenants

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of credit facility, maximum amount of real estate asset distributions to stockholders

'

'

'

'

'

200,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repayment of principal amount

1,984,102,000

4,608,133,000

4,464,254,000

'

'

327,600,000

'

'

113,000,000

'

'

'

'

38,500,000

'

'

'

'

'

'

'

'

606,700,000

460,700,000

244,000,000

90,300,000

'

1,070,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term Debt, Gross

4,196,589,000

4,745,807,000

'

'

'

1,379,407,000

[1]

'

0

[1]

0

[2]

1,754,466,000

[2]

'

'

'

0

[3]

169,164,000

[3]

'

'

'

'

431,475,000

[3]

470,000,000

[3]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gain (loss) on early extinguishment of debt, net

33,190,000

37,816,000

-101,466,000

500,000

'

7,000,000

'

'

800,000

1,200,000

'

'

'

4,400,000

8,100,000

'

'

'

'

1,000,000

'

'

'

'

'

'

'

4,500,000

12,000,000

12,100,000

'

'

'

'

'

'

'

4,900,000

'

'

'

'

'

'

Number of real estate properties sold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5

12

32

Variable interest rate, spread

'

'

'

'

'

3.50%

[2]

'

'

4.50%

[2]

'

'

'

'

4.00%

[3]

'

'

'

'

'

5.75%

[3]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.25%

1.25%

'

'

1.00%

1.25%

1.25%

'

'

'

Effective interest rate

'

'

'

'

'

4.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

7.00%

'

'

'

5.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum aggregate cumulative amortization payment

'

'

'

'

'

'

'

'

'

'

'

'

'

41,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Periods following the initial payment of amortization that additional amortization payments are due

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'6 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Borrowings from debt obligations

1,444,565,000

3,498,794,000

3,037,825,000

'

'

'

'

'

'

'

'

'

410,000,000

'

'

'

1,450,000,000

'

470,000,000

'

'

880,000,000

'

'

'

'

2,950,000,000

'

'

'

'

1,500,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Number of tranches

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of par credit facilities were issued at

'

'

'

'

'

'

'

'

'

'

'

'

'

98.00%

'

'

'

98.50%

'

98.50%

'

'

'

'

'

'

'

'

'

'

'

'

99.00%

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, unamortized discounts and financing fees

'

'

'

'

'

'

25,600,000

'

'

'

30,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

21,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, deferred expense due to modification

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$9,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

This loan has a LIBOR floor of 1.00%. As of December 31, 2013, inclusive of the floor, the February 2013 Secured Credit Facility incurred interest at a rate of 4.50%.

[2]

This loan has a LIBOR floor of 1.25%.

[3]

These loans each have a LIBOR floor of 1.25%. As of December 31, 2013, inclusive of the floor, the 2012 Tranche A-2 Facility loan incurred interest at a rate of 7.00%.

Debt_Obligations_net_Secured_a

Debt Obligations, net (Secured and Unsecured Notes) (Details) (USD $)

1 Months Ended

12 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

1 Months Ended

12 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

Sep. 30, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Oct. 31, 2012

Dec. 31, 2013

Mar. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Jan. 02, 2011

Dec. 31, 2013

Nov. 13, 2013

Nov. 30, 2013

Dec. 31, 2013

Nov. 13, 2013

Dec. 31, 2013

31-May-13

Dec. 31, 2013

31-May-13

31-May-13

Dec. 31, 2012

Dec. 31, 2013

31-May-13

Dec. 31, 2013

Dec. 31, 2013

Nov. 30, 2012

Dec. 31, 2013

Nov. 30, 2012

Dec. 31, 2012

Dec. 31, 2012

Nov. 30, 2012

31-May-12

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2010

loans

Secured Term Loan LIBOR Plus 2.00% due 2019

Secured Term Loan LIBOR Plus 2.00% due 2019

Unsecured Notes 5.50% senior notes

Unsecured Notes LIBOR plus 0.50% senior convertible notes

Unsecured Notes LIBOR plus 0.50% senior convertible notes

Senior unsecured notes with various maturities ranging from March 2012 to October 2014

Unsecured Notes 5.15% senior notes

Unsecured Notes 5.15% senior notes

Secured Term Loans 5.3% and 8.2% due January 2013

Secured Term Loans 5.3% and 8.2% due January 2013

Secured Term Loan 5.3% due January 2013

Secured Term Loan 8.2% Due January 2013

Secured Term Loan 4.85% due October 2022

Secured Term Loan LIBOR plus 4.50% due 2014

Secured Term Loan LIBOR plus 4.50% due 2014

Unsecured Credit Facilities

Unsecured Credit Facilities

Secured Notes 10.0% senior notes due 2014

Secured Notes 10.0% senior notes due 2014

Senior Convertible 1.50% notes

Senior Convertible 1.50% notes

Unsecured Notes 5.70% senior notes

Unsecured Notes 5.70% senior notes

Unsecured Notes 5.70% senior notes

Unsecured Notes 3.875% senior notes

Unsecured Notes 3.875% senior notes

Unsecured Notes 4.875% senior notes

Unsecured Notes 4.875% senior notes

Unsecured Notes 8.625% senior notes

Unsecured Notes 8.625% senior notes

Unsecured Notes 8.625% senior notes

Unsecured Notes 5.95% senior notes

Unsecured Notes 5.95% senior notes

Unsecured Notes 7.125% senior notes

Unsecured Notes 7.125% senior notes

Senior Convertible 3.0% notes

Senior Convertible 3.0% notes

Unsecured Notes 6.5% Senior Notes

Unsecured Notes 8.625% Senior Notes

Unsecured Notes

Unsecured Notes 9.0% senior notes

Unsecured Notes 9.0% senior notes

Refinanced Secured Term Loan Originally Due March 2011

Net Lease Asset

Portfolio Lease Asset Sale

Portfolio Lease Asset Sale

property

Net Lease Asset

Net Lease Asset

property

property

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, face amount

'

'

'

'

'

$28,000,000

'

'

'

'

'

'

'

$53,300,000

'

'

$54,500,000

'

'

'

'

'

'

'

$200,000,000

'

'

'

'

$265,000,000

'

$300,000,000

'

'

'

'

'

'

$300,000,000

'

$200,000,000

[1]

'

'

'

'

$275,000,000

'

'

'

'

Stated interest rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.30%

8.20%

4.85%

'

'

'

'

'

10.00%

1.50%

[2]

1.50%

'

5.70%

5.70%

3.88%

3.88%

4.88%

4.88%

8.63%

8.63%

8.63%

5.95%

5.95%

7.13%

'

3.00%

[1]

'

6.50%

[1]

8.63%

[1]

'

'

9.00%

'

'

'

'

Percentage of issue price to principal amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

98.01%

'

'

'

'

'

Prepayment penalty

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

14,900,000

'

'

'

'

'

'

Number of loans refinanced

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of real estate properties sold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5

12

32

Repayment of principal amount

'

1,984,102,000

4,608,133,000

4,464,254,000

'

'

90,300,000

606,700,000

460,700,000

420,400,000

169,700,000

'

'

'

'

'

'

'

50,800,000

'

243,700,000

312,300,000

'

'

'

200,600,000

'

'

'

'

'

'

96,800,000

'

'

448,500,000

'

'

'

'

'

67,100,000

404,900,000

'

'

'

'

'

'

'

Variable interest rate, basis

'

'

'

'

'LIBOR

'

'

'

'

'

'

'

'

'

'

'

'

'LIBOR

'

'LIBOR

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'LIBOR

'

'

'

Variable interest rate, spread

'

'

'

'

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

4.50%

'

0.85%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4.50%

'

'

'

Effective interest rate

'

'

'

'

'

'

'

'

5.50%

'

'

5.15%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gain (loss) on early extinguishment of debt, net

'

$33,190,000

$37,816,000

($101,466,000)

'

'

'

'

'

($3,200,000)

'

'

$500,000

'

'

'

'

'

'

'

$200,000

($109,000,000)

'

'

'

'

$2,800,000

'

'

'

'

'

'

($31,000,000)

'

'

$9,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

The Company's 3.0% senior convertible fixed rate notes due November 2016 ("3.0% Convertible Notes") are convertible at the option of the holders, into 85.0 shares per $1,000 principal amount of 3.0% Convertible Notes, at any time prior to the close of business on November 14, 2016.

[2]

The Company's 1.50% senior convertible fixed rate notes due November 2016 ("1.50% Convertible Notes") are convertible at the option of the holders, into 57.8 shares per $1,000 principal amount of 1.50% Convertible Notes, at any time prior to the close of business on November 14, 2016.

Debt_Obligations_net_Debt_Cove

Debt Obligations, net (Debt Covenants) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Unsecured Credit Facilities	'
Debt Instrument [Line Items]	'
Minimum ratio of unencumbered assets to unsecured indebtedness	1.2
Total secured credit facilities and term loans	'
Debt Instrument [Line Items]	'
Multiple of the minimum collateral coverage on outstanding borrowings	1.25
Percentage of REIT taxable income permitted for distribution under debt covenants	100.00%
Aggregate equity value permitted to be distributed	$200,000,000

Debt_Obligations_net_Encumbere

Debt Obligations, net (Encumbered/Unencumbered Assets) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'		'
Real estate, net	$2,796,181		$2,739,099
Real estate available and held for sale	360,517		635,865
Loans receivable, net(1)	1,370,109	[1]	1,829,985	[1]
Other investments	207,209		398,843
Cash and other assets	907,995		556,207
Total assets	5,642,011		6,159,999
Financing receivable, allowance for credit losses, collectively evaluated for impairment	29,200	[2]	33,100	[2]
Encumbered Assets	'		'
Debt Instrument [Line Items]	'		'
Real estate, net	1,644,463		1,640,005
Real estate available and held for sale	152,604		263,842
Loans receivable, net(1)	860,557	[3]	1,197,403	[3]
Other investments	24,093		43,545
Cash and other assets	0		0
Total assets	2,681,717		3,144,795
Unencumbered Assets	'		'
Debt Instrument [Line Items]	'		'
Real estate, net	1,151,718		1,099,094
Real estate available and held for sale	207,913		372,023
Loans receivable, net(1)	538,752	[3]	665,682	[3]
Other investments	183,116		355,298
Cash and other assets	907,995		556,207
Total assets	$2,989,494		$3,048,304
[1]	The Company's recorded investment in loans as of December 31, 2013 and 2012 also includes accrued interest of $6.5 million and $9.8 million, respectively, which are included in "Accrued interest and operating lease income receivable, net" on the Company's Consolidated Balance Sheets.
[2]	The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs aggregating to a net discount of $4.6 million and $3.8 million as of December 31, 2013 and 2012, respectively.
[3]	As of December 31, 2013 and 2012, the amounts presented exclude general reserves for loan losses of $29.2 million and $33.1 million, respectively.

Commitments_and_Contingencies_1

Commitments and Contingencies (Unfunded Commitments) (Details) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Unfunded Financial Commitments [Line Items]	'
Performance-Based Commitments	$72,600
Discretionary Fundings	0
Other	46,591
Total	119,191
Loans and Other Lending Investments	'
Unfunded Financial Commitments [Line Items]	'
Performance-Based Commitments	19,436
Discretionary Fundings	0
Other	0
Total	19,436
Real Estate	'
Unfunded Financial Commitments [Line Items]	'
Performance-Based Commitments	53,164
Discretionary Fundings	0
Other	0
Total	53,164
Strategic Investments	'
Unfunded Financial Commitments [Line Items]	'
Performance-Based Commitments	0
Discretionary Fundings	0
Other	46,591
Total	$46,591

Commitments_and_Contingencies_2

Commitments and Contingencies (Future Minimum Lease Obligations) (Details) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Future minimum lease obligations under non-cancelable operating leases	'
2014	$5,797
2015	5,287
2016	5,408
2017	5,023
2018	4,179
Thereafter	$11,709

Commitments_and_Contingencies_3

Commitments and Contingencies (Narrative) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Commitments and Contingencies Disclosure [Abstract]	'	'	'
Percentage of capital committed to strategic investments that may be drawn down	100.00%	'	'
Total operating lease expense	$6.10	$6.50	$7.20
Letters of credit issued	3.7	'	'
Legal settlement payment	'	$2	'

Risk_Management_and_Derivative2

Risk Management and Derivatives (Risk Concentrations, Property Type) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
	risk_component
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'		'
Number of components of economic risk	3		'
Investment [Line Items]	'		'
Real Estate Investment Property, Accumulated Depreciation	$424,453		$378,306
Financing receivable, allowance for credit losses, collectively evaluated for impairment	$29,200	[1]	$33,100	[1]
Land	'		'
Investment [Line Items]	'		'
% of Total	21.60%		'
Office	'		'
Investment [Line Items]	'		'
% of Total	15.20%		'
Industrial / R&D	'		'
Investment [Line Items]	'		'
% of Total	13.50%		'
Entertainment / Leisure	'		'
Investment [Line Items]	'		'
% of Total	10.70%		'
[1]	The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs aggregating to a net discount of $4.6 million and $3.8 million as of December 31, 2013 and 2012, respectively.

Risk_Management_and_Derivative3

Risk Management and Derivatives (Risk Concentrations, Geography) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Investment [Line Items]	'		'
Real Estate Investment Property, Accumulated Depreciation	$424,453		$378,306
Financing receivable, allowance for credit losses, collectively evaluated for impairment	$29,200	[1]	$33,100	[1]
[1]	The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs aggregating to a net discount of $4.6 million and $3.8 million as of December 31, 2013 and 2012, respectively.

Risk_Management_and_Derivative4

Risk Management and Derivatives (Risk Concentrations, Narrative) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013
California	'
Concentration Risk [Line Items]	'
% of Total	15.10%
Geographic Concentration Risk	'
Concentration Risk [Line Items]	'
% of Total	10.00%
Customer Concentration Risk	'
Concentration Risk [Line Items]	'
Number of large borrowers or tenants	5
Aggregate annualized interest and operating lease revenue	99.8
Percent of aggregate annualized interest and operating lease revenue	8.00%
Land	'
Concentration Risk [Line Items]	'
% of Total	21.60%
Office	'
Concentration Risk [Line Items]	'
% of Total	15.20%
Industrial / R&D	'
Concentration Risk [Line Items]	'
% of Total	13.50%
Entertainment / Leisure	'
Concentration Risk [Line Items]	'
% of Total	10.70%

Risk_Management_and_Derivative5

Risk Management and Derivatives (Classification on the Consolidated Balance Sheets) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Derivative financial instruments on consolidated balance sheets	'	'
Derivative Assets, Fair Value	$11,175	$0
Derivative Liabilities, Fair Value	1,653	3,435
Foreign exchange contracts	'	'
Derivative financial instruments on consolidated balance sheets	'	'
Derivative Assets, Fair Value	1,418	0
Derivative Liabilities, Fair Value	1,653	2,855
Interest rate swap	'	'
Derivative financial instruments on consolidated balance sheets	'	'
Derivative Assets, Fair Value	650	0
Derivative Liabilities, Fair Value	0	580
Interest rate cap	'	'
Derivative financial instruments on consolidated balance sheets	'	'
Derivative Assets, Fair Value	9,107	0
Derivative Liabilities, Fair Value	$0	$0

Risk_Management_and_Derivative6

Risk Management and Derivatives (Classification on the Consolidated Statements of Operations) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Derivative financial instruments on consolidated statements of operations	'	'	'
Foreign currency transaction gain (loss)	($2,000,000)	($700,000)	($2,300,000)
Other Expense | Foreign exchange contracts | Designated as hedge	'	'	'
Derivative financial instruments on consolidated statements of operations	'	'	'
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)	393,000	'	'
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion)	0	'	'
Other Expense | Foreign exchange contracts | Not designated as hedge	'	'	'
Derivative financial instruments on consolidated statements of operations	'	'	'
Amount of Gain or (Loss) Recognized in Income	880,000	-8,920,000	17,406,000
Interest Expense | Interest rate cap | Designated as hedge	'	'	'
Derivative financial instruments on consolidated statements of operations	'	'	'
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)	-1,517,000	'	'
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion)	0	'	'
Interest Expense | Interest rate swap | Designated as hedge	'	'	'
Derivative financial instruments on consolidated statements of operations	'	'	'
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)	869,000	-968,000	-1,553,000
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion)	$310,000	($44,000)	($180,000)

Risk_Management_and_Derivative7

Risk Management and Derivatives (Notional Amounts) (Details)	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
In Thousands, unless otherwise specified	Sells INR/Buys USD Forward	Sells INR/Buys USD Forward	Sells EUR/Buys USD Forward	Sells EUR/Buys USD Forward	Sells GBP/Buys USD Forward	Sells GBP/Buys USD Forward	Sells CAD/Buys USD Forward	Sells CAD/Buys USD Forward	Interest rate cap	Interest rate swap
	USD ($)	RSD	USD ($)	EUR (€)	USD ($)	GBP (£)	USD ($)	CAD	USD ($)	USD ($)
Derivative [Line Items]	'	'	'	'	'	'	'	'	'	'
Notional Amount	$7,379	456,000	$110,696	€ 80,500	$6,295	£ 3,800	$39,036	41,500	$500,000	$27,958
Maturity	'	'	3-Jan-14	3-Jan-14	3-Jan-14	3-Jan-14	3-Jan-14	3-Jan-14	'	1-Nov-19
Derivative, Cap Interest Rate	'	'	'	'	'	'	'	'	1.00%	'
Variable Rate	'	'	'	'	'	'	'	'	'	2.00%
Fixed Rate	'	'	'	'	'	'	'	'	'	3.47%

Risk_Management_and_Derivative8

Risk Management and Derivatives (Narrative) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
	Interest Rate Swap	Interest Rate Cap and Interest Rate Swap	Terminated Interest Rate Swap	Forward Contracts	Forward Contracts
Derivative [Line Items]	'	'	'	'	'
Expense related to qualifying cash flow hedges expected to be reclassified to earnings over the next 12 months	'	($400,000)	$400,000	'	'
Collateral Already Posted, Aggregate Fair Value	'	'	'	7,200,000	9,600,000
Notional Amount	$27,958,000	'	'	'	'

Equity_Preferred_Stock_Details

Equity (Preferred Stock) (Details) (USD $)

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Mar. 31, 2013

Dec. 31, 2012

Maximum

Maximum

Minimum

Minimum

Series D

Series D

Series E

Series E

Series F

Series F

Series G

Series G

Series I

Series I

Series J Preferred Stock

Series J Preferred Stock

Series J Preferred Stock

Equity [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common Stock, shares authorized

200,000,000

200,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common Stock, par value (in dollars per share)

$0.00

$0.00

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred Stock, shares authorized

30,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common Stock, shares issued

144,334,000

142,699,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common Stock, shares outstanding

83,717,000

83,782,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Class of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares Issued and Outstanding (in thousands)

25,800,000

21,800,000

'

'

'

'

4,000,000

4,000,000

5,600,000

5,600,000

4,000,000

4,000,000

3,200,000

3,200,000

5,000,000

5,000,000

4,000,000

'

'

Par Value (in dollars per share)

'

'

'

'

'

'

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

'

'

Preferred Stock, par value (in dollars per share)

'

'

'

'

'

'

$25

[1],[2]

$25

$25

[1],[2]

$25

$25

[1],[2]

$25

$25

[1],[2]

$25

$25

[1],[2]

$25

$50

[1],[2]

'

$0

Rate per Annum

'

'

'

'

'

'

8.00%

[1],[2]

8.00%

[1],[2]

7.88%

[1],[2]

7.88%

[1],[2]

7.80%

[1],[2]

7.80%

[1],[2]

7.65%

[1],[2]

7.65%

[1],[2]

7.50%

[1],[2]

7.50%

[1],[2]

4.50%

[1],[2]

'

'

Equivalent to Fixed Annual Rate (per share)

'

'

'

'

'

'

$2

[1],[2]

$2

$1.97

[1],[2]

$1.97

$1.95

[1],[2]

$1.95

$1.91

[1],[2]

$1.91

$1.88

[1],[2]

$1.88

$2.25

[1],[2]

'

'

Number of days in year used in the computation of preferred stock dividends for any partial dividend period

'360 days

'360 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of months used in the computation of preferred stock dividends for any partial dividend period

'12 months

'12 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of days in month, dividends computation of dividends payable for any partial dividend period

'30 days

'30 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of days prior to dividend payment date that Board of Directors may elect to designate as the payment date

'

'

'30 days

'30 days

'10 days

'10 days

'

'

'

'

'

'

'

'

'

'

'

'

'

Dividends declared and paid

'

'

'

'

'

'

$8,000,000

$8,000,000

$11,000,000

$11,000,000

$7,800,000

$7,800,000

$6,100,000

$6,100,000

$9,400,000

$9,400,000

$6,700,000

'

'

Amount of preferred dividends in arrears

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock, value, public offering shares issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$200,000,000

'

Convertible preferred stock, shares issued upon conversion

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.9087

'

Convertible preferred stock, conversion price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$12.79

'

Preferred stock, liquidation redemption price, percent of liquidation preference

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

[1]

The Company declared and paid dividends of $8.0 million, $11.0 million, $7.8 million, $6.1 million and $9.4 million on its Series D, E, F, G and I preferred stock, respectively, during each of the years ended December 31, 2013 and 2012. The Company also declared and paid dividends of $6.7 million on its Series J preferred stock during the year ended December 31, 2013. All of the dividends qualified as return of capital for tax reporting purposes. There are no dividend arrearages on any of the preferred shares currently outstanding.

[2]

Holders of shares of the Series D, E, F, G, I and J preferred stock are entitled to receive dividends, when and as declared by the Board of Directors, out of funds legally available for the payment of dividends. Dividends are cumulative from the date of original issue and are payable quarterly in arrears on or before the 15th day of each March, June, September and December or, if not a business day, the next succeeding business day. Any dividend payable on the preferred stock for any partial dividend period will be computed on the basis of a 360-day year consisting of twelve 30-day months. Dividends will be payable to holders of record as of the close of business on the first day of the calendar month in which the applicable dividend payment date falls or on another date designated by the Board of Directors of the Company for the payment of dividends that is not more than 30 nor less than 10 days prior to the dividend payment date.

Equity_High_Performance_Unit_P

Equity (High Performance Unit Program) (Details) (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013
HPU	'
Stock Performance Award Program [Line Items]	'
Number of votes per share	0.25
High Performance Unit Program	'
Stock Performance Award Program [Line Items]	'
Initial purchase price of high performance units	9.8
Number of plans which did not meet the required performance thresholds	4
High Performance Unit Program | Employee	'
Stock Performance Award Program [Line Items]	'
Number of plans which have exceeded performance thresholds	3
High Performance Unit Program 2002 Plan | Employee | HPU	'
Stock Performance Award Program [Line Items]	'
Number of shares of entity's common stock used as the basis for determining amount of distributions to be paid	819,254
Number of shares outstanding (in shares)	5,000
High Performance Unit Program 2003 Plan | Employee | HPU	'
Stock Performance Award Program [Line Items]	'
Number of shares of entity's common stock used as the basis for determining amount of distributions to be paid	987,149
Number of shares outstanding (in shares)	5,000
High Performance Unit Program 2004 Plan | Employee | HPU	'
Stock Performance Award Program [Line Items]	'
Number of shares of entity's common stock used as the basis for determining amount of distributions to be paid	1,031,875
Number of shares outstanding (in shares)	5,000

Equity_Dividends_Details

Equity (Dividends) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Dividends [Abstract]	'	'
Minimum percentage of taxable income (excluding net capital gains) to be distributed in order to qualify as REIT	90.00%	'
Percentage of taxable income (including net capital gains) to be distributed in order to qualify as REIT	100.00%	'
Operating loss carryforwards	'	$634.20

Equity_Stock_Repurchase_Progra

Equity (Stock Repurchase Program) (Details) (USD $)	1 Months Ended		12 Months Ended
Share data in Millions, except Per Share data, unless otherwise specified	Sep. 30, 2013	31-May-12	Dec. 31, 2013	Dec. 31, 2012
Stock Repurchase Program	'	'	'	'
Repurchase of common stock, authorized amount	$50,000,000	$20,000,000	'	'
Available repurchase of common stock, authorized amount	16,000,000	'	29,000,000	'
Number of common stock shares repurchased	'	'	1.7	0.8
Amount of common stock shares repurchased	'	'	$21,000,000	$4,600,000
Average cost of shares repurchased (in dollars per share)	'	'	$12.35	$5.69

Equity_Accumulated_Other_Compr

Equity (Accumulated Other Comprehensive Income) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Accumulated other comprehensive income (loss) reflected in the Company's shareholders' equity	'	'
Unrealized gains (losses) on available-for-sale securities	($294)	$867
Unrealized gains on cash flow hedges	662	607
Unrealized losses on cumulative translation adjustment	-4,644	-2,659
Accumulated other comprehensive income (loss)	($4,276)	($1,185)

StockBased_Compensation_Plans_2

Stock-Based Compensation Plans and Employee Benefits (Long-term Incentive Plan) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Stock-based compensation expense	$19,261,000	$15,293,000	$29,702,000
Unrecognized compensation cost	4,300,000	'	'
Weighted-average period to recognize the unrecognized compensation cost	'0 years 4 months 2 days	'	'
Deferred Compensation Share-based Arrangements, Liability, Current and Noncurrent	$5,200,000	'	'
Long-term Incentive Plan 2009	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Maximum number of shares that may be awarded	8,000,000	'	'
Maximum additional number of shares that can be awarded provided that previously granted shares under the 1996 Plan either expire, are cancelled or forfeited	500,000	'	'
Long-term Incentive Plan 2006	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Maximum number of shares that may be awarded	4,550,000	'	'
Number of shares available for grant designated as incentive stock options	1,000,000	'	'
Long-term Incentive Plan 2006 and 2009	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Shares available for issuance	4,000,000	'	'

StockBased_Compensation_Plans_3

Stock-Based Compensation Plans and Employee Benefits (Restricted Stock Units Activity) (Details) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Number of Shares	'	'
Vested (in shares)	-1,678,961	'
Restricted stock units	'	'
Number of Shares	'	'
Non-vested, beginning balance (in shares)	5,276,000	'
Granted (in shares)	795,000	'
Vested (in shares)	-3,271,000	'
Forfeited (in shares)	-21,000	'
Non-vested, ending balance (in shares)	2,779,000	'
Weighted Average Grant Date Fair Value Per Share	'	'
Non-vested, beginning balance, Weighted Average Grant Date Fair Value (in dollars per share)	$5.24	'
Granted, Weighted Average Grant Date Fair Value (in dollars per share)	$11.88	'
Vested, Weighted Average Grant Date Fair Value (in dollars per share)	$6.33	'
Forfeited, Weighted Average Grant Date Fair Value (in dollars per share)	$4.94	'
Non-vested, ending balance, Weighted Average Grant Date Fair Value (in dollars per share)	$5.85	'
Aggregate Intrinsic Value	$39,659	$43,000
Employees | Restricted stock units	'	'
Number of Shares	'	'
Vested (in shares)	-3,271,272	'
Employees | Restricted Stock Units Amended Units Vesting on January 1, 2013	'	'
Number of Shares	'	'
Vested (in shares)	-1,719,304	'

StockBased_Compensation_Plans_4

Stock-Based Compensation Plans and Employee Benefits (Restricted Stock Units Narrative) (Details) (USD $)

12 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

In Millions, except Share data, unless otherwise specified

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Feb. 28, 2013

Dec. 31, 2013

Feb. 28, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Sep. 30, 2011

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Restricted stock units

Restricted stock units

Restricted stock units

Performance-based restricted stock units

Performance based restricted stock units vesting on December 31, 2014

Employees

Employees

Employees

Employees

Employees

Employees

Employees

Company's chairman and chief executive officer

Company's chairman and chief executive officer

Company's chairman and chief executive officer

Executives and other officers

Executives and other officers

Minimum

Minimum

Minimum

Maximum

Maximum

Restricted stock units

Amended restricted stock units that vested on January 1, 2012

Service based restricted stock units vesting on February 11, 2013

Annual incentive restricted stock units

Annual incentive restricted stock units

Performance-based restricted stock units

Service based restricted stock units with specified vesting dates

Restricted stock units

Performance-based restricted stock units

Service-based restricted stock units

Market-condition based restricted stock units granted on December 19, 2008, modified and measured on July 1, 2011

Market-condition based restricted stock units granted on December 19, 2008, modified and measured on July 1, 2011

Employees

Employees

Employees

Employees

Employees

Performance-based restricted stock units

Service-based restricted stock units

Service based restricted stock units with specified vesting dates

Performance-based restricted stock units

Service-based restricted stock units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total fair value of restricted stock units vested

'

$31.60

$29.10

$15.50

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Vested (in shares)

1,678,961

3,271,000

'

'

'

'

3,271,272

1,719,304

'

195,588

164,685

'

'

'

'

'

'

'

'

'

'

'

'

Granted (in shares)

'

795,000

'

'

'

'

'

'

185,720

'

'

'

'

600,000

313,334

'

'

'

'

'

'

'

'

Non-vested, outstanding (in shares)

'

2,779,000

5,276,000

'

'

195,547

'

'

'

'

'

195,588

90,666

'

'

600,000

'

1,696,053

'

'

'

'

196,902

Performance measurement period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'1 year

'

'

'2 years

'

Vesting percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.00%

'

'

200.00%

'

Percentage of original units granted equal to amended units

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

75.00%

'

'

'

'

'

'

Risk-free interest rate

'

'

'

'

0.26%

'

'

'

'

'

'

'

'

'

'

'

'

0.09%

'

'

'

'

'

Expected stock price volatility

'

'

'

'

50.44%

'

'

'

'

'

'

'

'

'

'

'

'

57.75%

'

'

'

'

'

Vesting term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'1 year

'3 years

'

'3 years

StockBased_Compensation_Plans_5

Stock-Based Compensation Plans and Employee Benefits (Directors' Awards) (Details) (CSE and restricted stock units, USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013
Directors	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Shares awarded (in shares)	33,474
Grant date fair value (in dollars per share)	$12.30
Vesting term	'1 year
Non-vested, outstanding (in shares)	367,134
Aggregate intrinsic value for directors	$5.20
Former director	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Shares issued for settlement (in shares)	51,091

StockBased_Compensation_Plans_6

Stock-Based Compensation Plans and Employee Benefits (401(k) Plan) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'	'	'
Service requirement	'3 months	'	'
Employer matching contribution, percent of match	50.00%	'	'
Employer matching contribution, percent of employee contribution	10.00%	'	'
Gross contributions made by the Company	$0.90	$0.90	$0.90

Earnings_Per_Share_Schedule_of

Earnings Per Share (Schedule of Earnings Per Share) (Details) (USD $)

3 Months Ended

12 Months Ended

In Thousands, except Per Share data, unless otherwise specified

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Reconciliation of income (loss) from continuing operations used in the basic and diluted EPS calculations

'

'

'

'

'

'

'

'

'

'

'

Income (loss) from continuing operations

'

'

'

'

'

'

'

'

($220,768)

[1]

($314,678)

[1]

($51,010)

[1]

Net (income) loss attributable to noncontrolling interests

'

'

'

'

'

'

'

'

-718

1,500

3,629

Income from sales of residential property

'

'

'

'

'

'

'

27,900

86,658

63,472

5,721

Preferred dividends

'

'

'

'

'

'

'

'

-49,020

-42,320

-42,320

Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders, HPU holders and Participating Security Holders

'

'

'

'

'

'

'

'

-183,848

-292,026

-83,980

Numerator for basic and diluted earnings per share:

'

'

'

'

'

'

'

'

'

'

'

Gain from discontinued operations

'

'

'

'

'

'

'

'

22,233

27,257

25,110

Net income (loss) allocable to common shareholders

'

'

'

'

'

'

'

'

-155,769

-272,997

-62,387

Denominator for basic and diluted earnings per share:

'

'

'

'

'

'

'

'

'

'

'

Weighted average number of common shares—basic and diluted

84,617

85,392

85,125

84,824

83,674

[2]

83,629

[2]

84,113

[2]

83,556

[2]

84,990

[1]

83,742

[1]

88,688

[1]

Weighted average number of HPU shares—basic and diluted

15

15

15

15

15

[2]

15

[2]

15

[2]

15

[2]

15

[1],[3]

15

[1],[3]

15

[1],[3]

Basic and diluted earnings per common share:

'

'

'

'

'

'

'

'

'

'

'

Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share)

'

'

'

'

'

'

'

'

($2.09)

[1]

($3.37)

[1]

($0.91)

[1]

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders/HPU holders (in dollars per share)

($0.68)

($0.36)

($0.31)

($0.49)

($1.04)

[2]

($0.86)

[2]

($0.70)

[2]

($0.66)

[2]

($1.83)

[1]

($3.26)

[1]

($0.70)

[1]

Common shares

'

'

'

'

'

'

'

'

'

'

'

Numerator for basic and diluted earnings per share:

'

'

'

'

'

'

'

'

'

'

'

Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders

'

'

'

'

'

'

'

'

-177,907

-282,452

-81,375

Income (loss) from discontinued operations

'

'

'

'

'

'

'

'

623

-16,908

-5,343

Gain from discontinued operations

'

'

'

'

'

'

'

'

21,515

26,363

24,331

Net income (loss) allocable to common shareholders

'

'

'

'

'

'

'

'

-155,769

-272,997

-62,387

Denominator for basic and diluted earnings per share:

'

'

'

'

'

'

'

'

'

'

'

Weighted average number of common shares—basic and diluted

'

'

'

'

'

'

'

'

84,990

83,742

88,688

Basic and diluted earnings per common share:

'

'

'

'

'

'

'

'

'

'

'

Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share)

'

'

'

'

'

'

'

'

($2.09)

($3.37)

($0.91)

Income (loss) from discontinued operations (in dollars per share)

'

'

'

'

'

'

'

'

$0.01

($0.20)

($0.06)

Gain from discontinued operations (in dollars per share)

'

'

'

'

'

'

'

'

$0.25

$0.31

$0.27

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders/HPU holders (in dollars per share)

'

'

'

'

'

'

'

'

($1.83)

($3.26)

($0.70)

HPU's

'

'

'

'

'

'

'

'

'

'

'

Numerator for basic and diluted earnings per share:

'

'

'

'

'

'

'

'

'

'

'

Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders

'

'

'

'

'

'

'

'

-5,941

-9,574

-2,605

Income (loss) from discontinued operations

'

'

'

'

'

'

'

'

21

-573

-171

Gain from discontinued operations

'

'

'

'

'

'

'

'

718

894

779

Net income (loss) allocable to common shareholders

'

'

'

'

'

'

'

'

($5,202)

($9,253)

($1,997)

Denominator for basic and diluted earnings per share:

'

'

'

'

'

'

'

'

'

'

'

Weighted average number of HPU shares—basic and diluted

'

'

'

'

'

'

'

'

15

15

15

Basic and diluted earnings per common share:

'

'

'

'

'

'

'

'

'

'

'

Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share)

'

'

'

'

'

'

'

'

($396.07)

($638.27)

($173.66)

Income (loss) from discontinued operations (in dollars per share)

'

'

'

'

'

'

'

'

$1.40

($38.20)

($11.40)

Gain from discontinued operations (in dollars per share)

'

'

'

'

'

'

'

'

$47.87

$59.60

$51.93

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders/HPU holders (in dollars per share)

'

'

'

'

'

'

'

'

($346.80)

($616.87)

($133.13)

[1]

Income (loss) from continuing operations attributable to iStar Financial Inc. for the years ended December 31, 2013, 2012 and 2011 was $(221.5) million, $(313.2) million and $(47.4) million, respectively. See Note 13 for details on the calculation of earnings per share.

[2]

All periods have been adjusted to reflect the impact of properties sold during 2013 and 2012 and properties classified as held for sale as of December 31, 2013, which are reflected in "Income (loss) from discontinued operations on the Consolidated Statements of Operations.(2)During the quarter ended December 31, 2012, the Company recorded a loss on early extinguishment of debt of $31.0 million primarily related to a prepayment penalty on the early repayment of 8.625% Senior Notes, as well as a loss due to the acceleration of unamortized fees and discounts related to the refinancing of the 2011 Secured Credit Facilities (see Note 8). The Company also recorded $27.9 million related to Income from sales of residential property. During the quarter ended March 31, 2012, the Madison Funds recorded a significant gain related to the sale of an investment for which the Company recorded its $13.7 million proportionate share.

[3]

HPU holders are current and former Company employees who purchased high performance common stock units under the Company's High Performance Unit Program (see Note 11).

Earnings_Per_Share_Antidilutiv

Earnings Per Share (Anti-dilutive Shares) (Details)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Joint venture shares	'	'	'
Anti-dilutive shares	'	'	'
Anti-dilutive shares	298	298	298
Stock options	'	'	'
Anti-dilutive shares	'	'	'
Anti-dilutive shares	0	0	44
3.00% convertible senior unsecured notes	'	'	'
Anti-dilutive shares	'	'	'
Anti-dilutive shares	16,992	0	0
Series J convertible perpetual preferred stock	'	'	'
Anti-dilutive shares	'	'	'
Anti-dilutive shares	15,635	0	0
1.50% convertible senior unsecured notes	'	'	'
Anti-dilutive shares	'	'	'
Anti-dilutive shares	11,567	0	0

Fair_Values_Schedule_of_Fair_V

Fair Values (Schedule of Fair Value Measurement) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Recurring basis | Total	'		'
Assets and liabilities recorded at fair value	'		'
Derivative assets	$11,175		'
Derivative liabilities	1,653		3,435
Recurring basis | Quoted market prices in active markets (Level 1)	'		'
Assets and liabilities recorded at fair value	'		'
Derivative assets	0		'
Derivative liabilities	0		0
Recurring basis | Significant other observable inputs (Level 2)	'		'
Assets and liabilities recorded at fair value	'		'
Derivative assets	11,175		'
Derivative liabilities	1,653		3,435
Recurring basis | Significant unobservable inputs (Level 3)	'		'
Assets and liabilities recorded at fair value	'		'
Derivative assets	0		'
Derivative liabilities	0		0
Non-recurring basis	'		'
Assets and liabilities recorded at fair value	'		'
Impaired real estate(2)	35,680	[1]	'
Non-recurring basis | Total	'		'
Assets and liabilities recorded at fair value	'		'
Impaired loans(1)	115,423	[2]	57,201
Impaired real estate(2)	'		31,597
Non-recurring basis | Quoted market prices in active markets (Level 1)	'		'
Assets and liabilities recorded at fair value	'		'
Impaired loans(1)	0	[2]	0
Impaired real estate(2)	0	[1]	0
Non-recurring basis | Significant other observable inputs (Level 2)	'		'
Assets and liabilities recorded at fair value	'		'
Impaired loans(1)	0	[2]	0
Impaired real estate(2)	5,744	[1]	7,649
Non-recurring basis | Significant unobservable inputs (Level 3)	'		'
Assets and liabilities recorded at fair value	'		'
Impaired loans(1)	115,423	[2]	57,201
Impaired real estate(2)	29,936	[1]	23,948
Real Estate | Non-recurring basis	'		'
Assets and liabilities recorded at fair value	'		'
Impaired real estate(2)	$29,900		'
Number of impaired real estate assets	2		'
[1]	The Company recorded the fair value of two impaired real estate assets with a total fair value of $29.9 million based on a discount rate of 13.0%, average annual rent growth of 4.0% and remaining inventory sell out period with a range of 3.5 to 4.6 years using discounted cash flows.
[2]	The Company recorded a recovery of loan losses on one loan with a fair value of $55.5 million based on the loan's remaining loan term of 2.6 years and interest rate of 4.7% using discounted cash flow analysis. In addition, the Company recorded a recovery of loan losses on one loan with a fair value of $53.6 million based upon a letter of intent executed by the borrower as well as recorded an impairment on one loan with a fair value of $6.3 million based upon a settlement agreement executed by the borrower.

Fair_Values_Schedule_of_Fair_V1

Fair Values (Schedule of Fair Value Measurement Assumptions) (Details) (Non-recurring basis, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Quantitative information about Level 3 fair value measures	'
Impaired real estate	$35,680	[1]
Loans and Other Lending Investments | Discounted Cash Flow	'
Quantitative information about Level 3 fair value measures	'
Impaired loans	55,500
Fair Value Inputs, Interest Rate	4.70%
Fair value assumptions, expected term	'2 years 7 months 6 days
Loans and Other Lending Investments | Executed Letter of Intent	'
Quantitative information about Level 3 fair value measures	'
Impaired loans	53,600
Loans and Other Lending Investments | Executed Settlement Agreement	'
Quantitative information about Level 3 fair value measures	'
Impaired loans	6,300
Real Estate	'
Quantitative information about Level 3 fair value measures	'
Impaired real estate	$29,900
Real Estate | Discounted Cash Flow	'
Quantitative information about Level 3 fair value measures	'
Discount rate	13.00%
Fair value inputs, long-term revenue growth rate	4.00%
Minimum | Real Estate | Discounted Cash Flow	'
Quantitative information about Level 3 fair value measures	'
Remaining inventory sell out period	'3 years 6 months
Maximum | Real Estate | Discounted Cash Flow	'
Quantitative information about Level 3 fair value measures	'
Remaining inventory sell out period	'4 years 7 months 6 days
[1]	The Company recorded the fair value of two impaired real estate assets with a total fair value of $29.9 million based on a discount rate of 13.0%, average annual rent growth of 4.0% and remaining inventory sell out period with a range of 3.5 to 4.6 years using discounted cash flows.

Fair_Values_Narrative_Details

Fair Values (Narrative) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Financial assets:	'		'
Loans receivable and other lending investments, net	$1,370,109	[1]	$1,829,985	[1]
Financial liabilities:	'		'
Debt obligations, net	4,158,125		4,691,494
Book Value	'		'
Financial assets:	'		'
Loans receivable and other lending investments, net	1,900,000		'
Financial liabilities:	'		'
Debt obligations, net	4,900,000		'
Fair Value	'		'
Financial assets:	'		'
Loans receivable and other lending investments, net	1,400,000		'
Financial liabilities:	'		'
Debt obligations, net	$4,500,000		'
[1]	The Company's recorded investment in loans as of December 31, 2013 and 2012 also includes accrued interest of $6.5 million and $9.8 million, respectively, which are included in "Accrued interest and operating lease income receivable, net" on the Company's Consolidated Balance Sheets.

Segment_Reporting_Schedule_of_

Segment Reporting (Schedule of Segments) (Details) (USD $)

3 Months Ended

12 Months Ended

6 Months Ended

12 Months Ended

12 Months Ended

In Thousands, unless otherwise specified

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Apr. 19, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Dec. 31, 2011

Sep. 30, 2011

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

LNR Property LLC (LNR)

Operating Segments

Operating Segments

Operating Segments

Operating Segments

Operating Segments

Operating Segments

Operating Segments

Operating Segments

Operating Segments

Operating Segments

Operating Segments

Operating Segments

Corporate, Non-Segment

Corporate, Non-Segment

Corporate, Non-Segment

Real Estate Finance

Real Estate Finance

Real Estate Finance

Net Lease

Net Lease

Net Lease

Operating Properties

Operating Properties

Operating Properties

Land

Land

Land

Segment Reporting

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating lease income

'

'

'

'

'

'

'

'

$234,567

$216,291

$195,872

'

'

'

'

'

'

'

$0

$0

[1]

$0

[1]

$147,313

$149,058

[1]

$144,548

[1]

$86,352

$65,706

[1]

$51,153

[1]

$902

$1,527

[1]

$171

[1]

$0

[2]

$0

[1],[2]

$0

[1],[2]

Interest income

'

'

'

'

'

'

'

'

108,015

133,410

226,871

'

'

'

'

'

'

'

108,015

133,410

[1]

226,871

[1]

0

0

[1]

0

[1]

0

0

[1]

0

[1]

0

0

[1]

0

[1]

0

[2]

0

[1],[2]

0

[1],[2]

Other income

'

'

'

'

'

'

'

'

48,208

47,838

39,722

'

'

'

'

'

'

'

4,748

8,613

[1]

3,176

[1]

250

0

[1]

0

[1]

38,164

32,615

[1]

32,538

[1]

1,474

2,635

[1]

1,637

[1]

3,572

[2]

3,975

[1],[2]

2,371

[1],[2]

Total revenues

101,073

[3]

95,696

[3]

99,919

[3]

94,102

[3]

96,421

[3],[4]

93,462

[3],[4]

106,886

[3],[4]

100,770

[3],[4]

390,790

397,539

462,465

'

'

'

'

'

'

'

112,763

142,023

[1]

230,047

[1]

147,563

149,058

[1]

144,548

[1]

124,516

98,321

[1]

83,691

[1]

2,376

4,162

[1]

1,808

[1]

3,572

[2]

3,975

[1],[2]

2,371

[1],[2]

Earnings (loss) from equity method investments

'

'

'

'

'

'

'

'

41,520

103,009

95,091

45,375

[5],[6]

16,465

60,669

60,669

[5],[6]

53,861

53,861

[5],[6]

'

0

0

[1]

0

[1]

2,699

2,632

[1]

2,566

[1]

5,546

25,142

[1]

-626

[1]

-5,331

-6,138

[1]

-7,213

[1]

38,606

[2]

81,373

[1],[2]

100,364

[1],[2]

Income from sales of residential property

'

'

'

'

'

'

'

27,900

86,658

63,472

5,721

'

'

'

'

'

'

'

0

0

[1]

0

[1]

0

0

[1]

0

[1]

82,603

63,472

[1]

5,721

[1]

4,055

0

[1]

0

[1]

0

[2]

0

[1],[2]

0

[1],[2]

Net operating income from discontinued operations(2)

'

'

'

'

'

'

'

'

2,735

8,175

13,198

'

'

'

'

'

'

'

0

0

[1]

0

[1]

1,484

7,289

[1]

14,135

[1]

1,251

886

[1]

-937

[1]

0

0

[1]

0

[1]

0

[2]

0

[1],[2]

0

[1],[2]

Gain from discontinued operations

'

'

'

'

'

'

'

'

22,233

27,257

25,110

'

'

'

'

'

'

'

0

0

[1]

0

[1]

3,395

27,257

[1]

25,110

[1]

18,838

0

[1]

0

[1]

0

0

[1]

0

[1]

0

[2]

0

[1],[2]

0

[1],[2]

Revenue and other earnings

'

'

'

'

'

'

'

'

543,936

599,452

601,585

'

'

'

'

'

'

'

112,763

142,023

[1]

230,047

[1]

155,141

186,236

[1]

186,359

[1]

232,754

187,821

[1]

87,849

[1]

1,100

-1,976

[1]

-5,405

[1]

42,178

[2]

85,348

[1],[2]

102,735

[1],[2]

Real estate expense

'

'

'

'

'

'

'

'

-157,441

-151,458

-138,714

'

'

'

'

'

'

'

0

0

[1]

0

[1]

-22,565

-23,886

[1]

-25,054

[1]

-101,044

-100,258

[1]

-92,012

[1]

-33,832

-27,314

[1]

-21,648

[1]

0

[2]

0

[1],[2]

0

[1],[2]

Other expense

'

'

'

'

'

'

'

'

-8,050

-17,266

-11,070

'

'

'

'

'

'

'

-1,625

-4,775

[1]

-2,866

[1]

0

0

[1]

0

[1]

0

0

[1]

0

[1]

0

0

[1]

0

[1]

-6,425

[2]

-12,491

[1],[2]

-8,204

[1],[2]

Allocated interest expense(2)

'

'

'

'

'

'

'

'

-266,225

[7]

-356,161

[7]

-345,914

[7]

'

'

'

'

'

'

'

-74,377

[7]

-111,898

[1],[7]

-156,163

[1],[7]

-80,034

[7]

-92,579

[1],[7]

-75,844

[1],[7]

-49,114

[7]

-69,259

[1],[7]

-52,774

[1],[7]

-30,368

[7]

-44,125

[1],[7]

-40,480

[1],[7]

-32,332

[2],[7]

-38,300

[1],[2],[7]

-20,653

[1],[7]

Allocated general and administrative(3)

'

'

'

'

'

'

'

'

-72,853

[8]

-65,563

[8]

-75,337

[8]

'

'

'

'

'

'

'

-13,186

[8]

-14,263

[1],[8]

-19,934

[1],[8]

-14,330

[8]

-10,618

[1],[8]

-9,681

[1],[8]

-9,189

[8]

-7,572

[1],[8]

-6,737

[1],[8]

-12,365

[8]

-7,405

[1],[8]

-6,959

[1],[8]

-23,783

[2],[8]

-25,705

[1],[2],[8]

-32,026

[1],[8]

Segment profit (loss)(4)

'

'

'

'

'

'

'

'

39,367

[9]

9,004

[9]

30,550

[9]

'

'

'

'

'

'

'

23,575

[9]

11,087

[1],[9]

51,084

[1],[9]

38,212

[9]

59,153

[1],[9]

75,780

[1],[9]

73,407

[9]

10,732

[1],[9]

-63,674

[1],[9]

-75,465

[9]

-80,820

[1],[9]

-74,492

[1],[9]

-20,362

[2],[9]

8,852

[1],[9]

41,852

[1],[9]

Provision for loan losses

'

'

'

'

'

'

'

'

5,489

81,740

[10]

46,412

[10]

'

'

'

'

'

'

'

5,489

81,740

[1]

46,412

[1]

0

0

[1]

0

[1]

0

0

[1]

0

[1]

0

0

[1]

0

[1]

0

[2]

0

[1],[2]

0

[1],[2]

Impairment of assets

'

'

'

'

'

'

'

'

14,353

[7]

36,354

[7]

22,386

[7]

'

'

'

'

'

'

'

0

[7]

0

[1],[7]

0

[1],[7]

1,176

[7]

6,670

[1],[7]

668

[1],[7]

12,449

[7]

28,501

[1],[7]

21,030

[1],[7]

728

[7]

205

[1],[7]

-184

[1],[7]

0

[2],[7]

978

[1],[2],[7]

872

[1],[2],[7]

Loss on transfer of interest to unconsolidated subsidiary

'

'

'

'

'

'

'

'

7,373

0

0

'

'

'

'

'

'

'

0

'

'

0

'

'

0

'

'

-7,373

'

'

0

'

'

Depreciation and amortization

'

'

'

'

'

'

'

'

71,530

[7]

70,786

[7]

63,928

[7]

'

'

'

'

'

'

'

0

[7]

0

[1],[7]

0

[1],[7]

38,582

[7]

39,250

[1],[7]

42,080

[1],[7]

30,599

[7]

28,450

[1],[7]

18,169

[1],[7]

1,105

[7]

1,276

[1],[7]

1,534

[1],[7]

1,244

[2],[7]

1,810

[1],[2],[7]

2,145

[1],[2],[7]

Capitalized expenditures

'

'

'

'

'

'

'

'

111,553

83,070

64,169

'

'

'

'

'

'

'

0

0

[1]

0

[1]

34,076

10,994

[1]

8,699

[1]

41,131

51,579

[1]

38,477

[1]

36,346

20,497

[1]

16,993

[1]

0

[2]

0

[1],[2]

0

[1],[2]

Real estate, at cost

3,220,634

'

'

'

3,117,405

'

'

'

3,220,634

3,117,405

'

'

'

'

'

'

'

'

0

0

'

1,696,888

1,626,810

'

720,508

704,481

'

803,238

786,114

'

0

[2]

0

[2]

'

Less: accumulated depreciation

-424,453

'

'

'

-378,306

'

'

'

-424,453

-378,306

'

'

'

'

'

'

'

'

0

0

'

-338,640

-310,605

'

-82,420

-65,409

'

-3,393

-2,292

'

0

[2]

0

[2]

'

Real estate, net

2,796,181

'

'

'

2,739,099

'

'

'

2,796,181

2,739,099

'

'

'

'

'

'

'

'

0

0

'

1,358,248

1,316,205

'

638,088

639,072

'

799,845

783,822

'

0

[2]

0

[2]

'

Real estate available and held for sale

360,517

'

'

'

635,865

'

'

'

360,517

635,865

'

'

'

'

'

'

'

'

0

0

'

0

0

'

228,328

454,587

'

132,189

181,278

'

0

[2]

0

[2]

'

Total real estate

3,156,698

'

'

'

3,374,964

'

'

'

3,156,698

3,374,964

'

'

'

'

'

'

'

'

0

0

'

1,358,248

1,316,205

'

866,416

1,093,659

'

932,034

965,100

'

0

[2]

0

[2]

'

Loans receivable and other lending investments, net

1,370,109

[11]

'

'

'

1,829,985

[11]

'

'

'

1,370,109

[11]

1,829,985

[11]

'

'

'

'

'

'

'

'

1,370,109

1,829,985

'

0

0

'

0

0

'

0

0

'

0

[2]

0

[2]

'

Other investments

207,209

'

'

'

398,843

'

'

'

207,209

398,843

'

'

'

'

'

'

'

'

0

0

'

16,408

16,380

'

16,032

25,745

'

29,765

5,493

'

145,004

[2]

351,225

[2]

'

Total portfolio assets

4,734,016

'

'

'

5,603,792

'

'

'

4,734,016

5,603,792

'

'

'

'

'

'

'

'

1,370,109

1,829,985

'

1,374,656

1,332,585

'

882,448

1,119,404

'

961,799

970,593

'

145,004

[2]

351,225

[2]

'

Cash and other assets

907,995

'

'

'

556,207

'

'

'

907,995

556,207

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total assets

5,642,011

'

'

'

6,159,999

'

'

'

5,642,011

6,159,999

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity method investments

197,307

'

'

'

387,718

'

'

'

197,307

387,718

'

'

0

205,773

205,773

[12],[6]

'

'

0

[12],[6]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock-based compensation expense

'

'

'

'

'

'

'

'

$19,261

$15,293

$29,702

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

The prior periods' presentation have been conformed for the change in the methodology of allocating interest expense and general and administrative expenses to each segment based on gross carrying value of assets. The allocation was previously based on carrying value of assets net of accumulated depreciation and amortization and general loan loss reserves.

[2]

Corporate/Other represents all corporate level and unallocated items including any intercompany eliminations necessary to reconcile to consolidated Company totals. This caption also includes the Company's joint venture investments and strategic investments that are not related to the other reportable segments above, including the Company's equity investment in LNR of $205.8 million as of December 31, 2012 and the Company's share of equity in earnings from LNR of $16.5 million, $60.7 million and $53.9 million for the years ended December 31, 2013, 2012 and 2011, respectively. See Note 6 for further details on the Company's investment in LNR and summarized financial information of LNR.

[3]

During the quarter ended December 31, 2012, the Company recorded a loss on early extinguishment of debt of $31.0 million primarily related to a prepayment penalty on the early repayment of 8.625% Senior Notes, as well as a loss due to the acceleration of unamortized fees and discounts related to the refinancing of the 2011 Secured Credit Facilities (see Note 8). The Company also recorded $27.9 million related to Income from sales of residential property. During the quarter ended March 31, 2012, the Madison Funds recorded a significant gain related to the sale of an investment for which the Company recorded its $13.7 million proportionate share.

[4]

All periods have been adjusted to reflect the impact of properties sold during 2013 and 2012 and properties classified as held for sale as of December 31, 2013, which are reflected in "Income (loss) from discontinued operations on the Consolidated Statements of Operations.(2)During the quarter ended December 31, 2012, the Company recorded a loss on early extinguishment of debt of $31.0 million primarily related to a prepayment penalty on the early repayment of 8.625% Senior Notes, as well as a loss due to the acceleration of unamortized fees and discounts related to the refinancing of the 2011 Secured Credit Facilities (see Note 8). The Company also recorded $27.9 million related to Income from sales of residential property. During the quarter ended March 31, 2012, the Madison Funds recorded a significant gain related to the sale of an investment for which the Company recorded its $13.7 million proportionate share.

[5]

LNR reported a net loss for the period from April 1, 2013 to April 19, 2013 which had already been considered in the Company's other than temporary impairment assessment. As such, no equity in earnings was recorded during the quarter ended September 30, 2013. The total equity in earnings recognized for LNR was $45.4 million for the year ended December 31, 2013.

[6]

The Company recorded its investment in LNR, which was sold in April 2013, on a one quarter lag, therefore, amounts in the Company's financial statements for the year ended December 31, 2013 are based on balances and results from LNR for the period from October 1, 2012 to April 19, 2013. The amounts in the Company's financial statements for the year ended December 31, 2012 and 2011 are based on balances and results from LNR for the years ended September 30, 2012 and 2011, respectively.

[7]

Includes related amounts reclassified to discontinued operations on the Company's Consolidated Statements of Operations.

[8]

General and administrative excludes stock-based compensation expense of $19.3 million, $15.3 million and $29.7 million for the years ended December 31, 2013, 2012 and 2011, respectively.

[9]

The following is a reconciliation of segment profit (loss) to net income (loss) ($ in thousands): For the Years Ended December 31, 2013 2012 2011Segment profit (loss)$39,367 $9,004 $30,550Less: Provision for loan losses(5,489) (81,740) (46,412)Less: Impairment of assets(2)(14,353) (36,354) (22,386)Less: Loss on transfer of interest to unconsolidated subsidiary(7,373) — —Less: Stock-based compensation expense(19,261) (15,293) (29,702)Less: Depreciation and amortization(2)(71,530) (70,786) (63,928)Less: Income tax (expense) benefit(2)596 (8,445) 4,719Add: Gain (loss) on early extinguishment of debt, net(33,190) (37,816) 101,466Net income (loss)$(111,233) $(241,430) $(25,693)

[10]

For the years ended December 31, 2013, 2012 and 2011, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $63.1 million, $4.6 million and $23.6 million, respectively.

[11]

The Company's recorded investment in loans as of December 31, 2013 and 2012 also includes accrued interest of $6.5 million and $9.8 million, respectively, which are included in "Accrued interest and operating lease income receivable, net" on the Company's Consolidated Balance Sheets.

[12]

Represents the Company's investment in LNR at December 31, 2013 and 2012, respectively.

Segment_Reporting_Reconciliati

Segment Reporting (Reconciliation of Segment Profit (Loss)) (Details) (USD $)

3 Months Ended

12 Months Ended

In Thousands, unless otherwise specified

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Reconciliation of segment profit (loss) to income (loss) from continuing operations

'

'

'

'

'

'

'

'

'

'

'

Segment profit (loss)

'

'

'

'

'

'

'

'

$39,367

[1]

$9,004

[1]

$30,550

[1]

Less: Provision for loan losses

'

'

'

'

'

'

'

'

-5,489

-81,740

[2]

-46,412

[2]

Less: Impairment of assets(2)

'

'

'

'

'

'

'

'

-14,353

[3]

-36,354

[3]

-22,386

[3]

Less: Loss on transfer of interest to unconsolidated subsidiary

'

'

'

'

'

'

'

'

-7,373

0

0

Less: Stock-based compensation expense

'

'

'

'

'

'

'

'

-19,261

-15,293

-29,702

Less: Depreciation and amortization(2)

'

'

'

'

'

'

'

'

-71,530

[3]

-70,786

[3]

-63,928

[3]

Less: Income tax (expense) benefit(2)

'

'

'

'

'

'

'

'

596

[3]

-8,445

[3]

4,719

[3]

Add: Gain (loss) on early extinguishment of debt, net

'

'

'

'

'

'

'

'

-33,190

-37,816

101,466

Net income (loss)

($45,992)

($18,590)

($14,398)

($32,253)

($79,948)

[4]

($64,306)

[4]

($51,129)

[4]

($46,048)

[4]

($111,233)

($241,430)

($25,693)

[1]

The following is a reconciliation of segment profit (loss) to net income (loss) ($ in thousands): For the Years Ended December 31, 2013 2012 2011Segment profit (loss)$39,367 $9,004 $30,550Less: Provision for loan losses(5,489) (81,740) (46,412)Less: Impairment of assets(2)(14,353) (36,354) (22,386)Less: Loss on transfer of interest to unconsolidated subsidiary(7,373) — —Less: Stock-based compensation expense(19,261) (15,293) (29,702)Less: Depreciation and amortization(2)(71,530) (70,786) (63,928)Less: Income tax (expense) benefit(2)596 (8,445) 4,719Add: Gain (loss) on early extinguishment of debt, net(33,190) (37,816) 101,466Net income (loss)$(111,233) $(241,430) $(25,693)

[2]

For the years ended December 31, 2013, 2012 and 2011, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $63.1 million, $4.6 million and $23.6 million, respectively.

[3]

Includes related amounts reclassified to discontinued operations on the Company's Consolidated Statements of Operations.

[4]

All periods have been adjusted to reflect the impact of properties sold during 2013 and 2012 and properties classified as held for sale as of December 31, 2013, which are reflected in "Income (loss) from discontinued operations on the Consolidated Statements of Operations.(2)During the quarter ended December 31, 2012, the Company recorded a loss on early extinguishment of debt of $31.0 million primarily related to a prepayment penalty on the early repayment of 8.625% Senior Notes, as well as a loss due to the acceleration of unamortized fees and discounts related to the refinancing of the 2011 Secured Credit Facilities (see Note 8). The Company also recorded $27.9 million related to Income from sales of residential property. During the quarter ended March 31, 2012, the Madison Funds recorded a significant gain related to the sale of an investment for which the Company recorded its $13.7 million proportionate share.

Quarterly_Financial_Informatio2

Quarterly Financial Information (Unaudited) (Details) (USD $)

3 Months Ended

12 Months Ended

3 Months Ended

3 Months Ended

12 Months Ended

In Thousands, except Per Share data, unless otherwise specified

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2012

Dec. 31, 2013

31-May-13

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Unsecured Notes 8.625% senior notes

Unsecured Notes 8.625% senior notes

Unsecured Notes 8.625% senior notes

Madison Funds

Madison Funds

Madison Funds

Madison Funds

Quarterly Financial Information Disclosure [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revenue(1)

$101,073

[1]

$95,696

[1]

$99,919

[1]

$94,102

[1]

$96,421

[1],[2]

$93,462

[1],[2]

$106,886

[1],[2]

$100,770

[1],[2]

$390,790

$397,539

$462,465

'

'

'

'

'

'

'

Net income (loss)

-45,992

-18,590

-14,398

-32,253

-79,948

[2]

-64,306

[2]

-51,129

[2]

-46,048

[2]

-111,233

-241,430

-25,693

'

'

'

'

'

'

'

Earnings per common share data:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net income (loss) attributable to iStar Financial Inc.

-47,043

-18,757

-14,087

-32,064

-79,810

[2]

-63,640

[2]

-50,407

[2]

-46,073

[2]

-111,951

-239,930

-22,064

'

'

'

'

'

'

'

Basic and diluted (in dollars per share)

($0.68)

($0.36)

($0.31)

($0.49)

($1.04)

[2]

($0.86)

[2]

($0.70)

[2]

($0.66)

[2]

($1.83)

[3]

($3.26)

[3]

($0.70)

[3]

'

'

'

'

'

'

'

Weighted average number of common shares—basic and diluted

84,617

85,392

85,125

84,824

83,674

[2]

83,629

[2]

84,113

[2]

83,556

[2]

84,990

[3]

83,742

[3]

88,688

[3]

'

'

'

'

'

'

'

Earnings per HPU share data:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net income (loss) attributable to iStar Financial Inc.

-1,939

-1,016

-866

-1,381

-2,966

[2]

-2,436

[2]

-1,991

[2]

-1,861

[2]

'

'

'

'

'

'

'

'

'

'

Basic and diluted (in dollars per share)

($129.26)

($67.73)

($57.74)

($92.07)

($197.73)

[2]

($162.40)

[2]

($132.73)

[2]

($124.07)

[2]

($346.80)

[3],[4]

($616.87)

[3],[4]

($133.13)

[3],[4]

'

'

'

'

'

'

'

Weighted average number of HPU shares—basic and diluted

15

15

15

15

15

[2]

15

[2]

15

[2]

15

[2]

15

[3],[4]

15

[3],[4]

15

[3],[4]

'

'

'

'

'

'

'

Quarterly Financial Information [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gain (loss) on early extinguishment of debt, net

'

'

'

'

'

'

'

'

-33,190

-37,816

101,466

31,000

'

'

'

'

'

'

Stated interest rate

'

'

'

'

'

'

'

'

'

'

'

8.63%

8.63%

8.63%

'

'

'

'

Income from sales of residential property

'

'

'

'

'

'

'

27,900

86,658

63,472

5,721

'

'

'

'

'

'

'

Earnings (loss) from equity method investments

'

'

'

'

'

'

'

'

$41,520

$103,009

$95,091

'

'

'

$13,700

$14,796

$10,246

$3,641

[1]

During the quarter ended December 31, 2012, the Company recorded a loss on early extinguishment of debt of $31.0 million primarily related to a prepayment penalty on the early repayment of 8.625% Senior Notes, as well as a loss due to the acceleration of unamortized fees and discounts related to the refinancing of the 2011 Secured Credit Facilities (see Note 8). The Company also recorded $27.9 million related to Income from sales of residential property. During the quarter ended March 31, 2012, the Madison Funds recorded a significant gain related to the sale of an investment for which the Company recorded its $13.7 million proportionate share.

[2]

All periods have been adjusted to reflect the impact of properties sold during 2013 and 2012 and properties classified as held for sale as of December 31, 2013, which are reflected in "Income (loss) from discontinued operations on the Consolidated Statements of Operations.(2)During the quarter ended December 31, 2012, the Company recorded a loss on early extinguishment of debt of $31.0 million primarily related to a prepayment penalty on the early repayment of 8.625% Senior Notes, as well as a loss due to the acceleration of unamortized fees and discounts related to the refinancing of the 2011 Secured Credit Facilities (see Note 8). The Company also recorded $27.9 million related to Income from sales of residential property. During the quarter ended March 31, 2012, the Madison Funds recorded a significant gain related to the sale of an investment for which the Company recorded its $13.7 million proportionate share.

[3]

Income (loss) from continuing operations attributable to iStar Financial Inc. for the years ended December 31, 2013, 2012 and 2011 was $(221.5) million, $(313.2) million and $(47.4) million, respectively. See Note 13 for details on the calculation of earnings per share.

[4]

HPU holders are current and former Company employees who purchased high performance common stock units under the Company's High Performance Unit Program (see Note 11).

Subsequent_Events_Details

Subsequent Events (Details) (Net Lease Asset, USD $)	12 Months Ended	1 Months Ended
	Dec. 31, 2013	Feb. 28, 2014	Feb. 28, 2014
		Subsequent Event	Maximum
			Subsequent Event
Subsequent Event [Line Items]	'	'	'
Partners' Capital Account, Contributions	'	$500,000,000	'
Total Venture Investments	'	'	1,250,000,000
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	'	52.00%	'
Asset Acquisition, Purchase Price	$93,600,000	'	'

Schedule_IIValuation_and_Quali1

Schedule II-Valuation and Qualifying Accounts and Reserves (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Valuation and Qualifying Accounts Disclosure [Line Items]	'		'		'
Provision for loan losses	$5,489		$81,740	[1]	$46,412	[1]
Balance at Beginning of Period	570,975		701,181		845,922
Charged to Costs and Expenses	1,277		73,835		28,736
Adjustments to Valuation Accounts	19,855		-176		40,936
Deductions	-152,784		-203,865		-214,413
Balance at End of Period	439,323		570,975		701,181
Allowance for Loan Losses Write-Offs	-152,784	[2],[3]	-203,865		-214,413
Reserve for loan losses	'		'		'
Valuation and Qualifying Accounts Disclosure [Line Items]	'		'		'
Provision for loan losses	5,489	[2],[3]	'		'
Balance at Beginning of Period	524,499	[2],[3]	646,624	[2],[3]	814,625	[2],[3]
Charged to Costs and Expenses	'		81,740	[2],[3]	46,412	[2],[3]
Adjustments to Valuation Accounts	0	[2],[3]	0	[2],[3]	0	[2],[3]
Deductions	'		-203,865	[2],[3]	-214,413	[2],[3]
Balance at End of Period	377,204	[2],[3]	524,499	[2],[3]	646,624	[2],[3]
Allowance for Loan Losses Write-Offs	-152,784		'		'
Allowance for doubtful accounts	'		'		'
Valuation and Qualifying Accounts Disclosure [Line Items]	'		'		'
Balance at Beginning of Period	5,596	[3]	3,668	[3]	1,376	[3]
Charged to Costs and Expenses	261	[3]	1,928	[3]	2,292	[3]
Adjustments to Valuation Accounts	0	[3]	0	[3]	0	[3]
Deductions	0	[3]	0	[3]	0	[3]
Balance at End of Period	5,857	[3]	5,596	[3]	3,668	[3]
Allowance for deferred tax assets	'		'		'
Valuation and Qualifying Accounts Disclosure [Line Items]	'		'		'
Balance at Beginning of Period	40,880	[3]	50,889	[3]	29,921	[3]
Charged to Costs and Expenses	-4,473	[3]	-9,833	[3]	-19,968	[3]
Adjustments to Valuation Accounts	19,855	[3]	-176	[3]	40,936	[3]
Deductions	0	[3]	0	[3]	0	[3]
Balance at End of Period	$56,262	[3]	$40,880	[3]	$50,889	[3]
[1]	For the years ended December 31, 2013, 2012 and 2011, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $63.1 million, $4.6 million and $23.6 million, respectively.
[2]	See Note 5 to the Company's Consolidated Financial Statements.
[3]	See Note 3 to the Company's Consolidated Financial Statements.

Schedule_IIIReal_Estate_and_Ac1

Schedule III-Real Estate and Accumulated Depreciation (Details) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

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OFFICE FACILITIES:

INDUSTRIAL FACILITIES:

LAND:

ENTERTAINMENT:

RETAIL:

HOTEL:

APARTMENT/RESIDENTIAL:

MIXED USE:

Real Estate Asses Held-for-Sale [Member]

Arizona MAZ 002 [Member]

Arizona OAZ006 [Member]

Arizona OAZ 002 [Member]

Arizona OAZ 003 [Member]

Arizona OAZ 004 [Member]

Arizona OAZ 005 [Member]

California OCA 002 [Member]

Colorado OCO 001 [Member]

Colorado OCO 002 [Member]

Florida OFL 001 [Member]

Georgia OGA 001 [Member]

Georgia OGA 002 [Member]

Illinois OIL 001 [Member]

Maryland OMD001 [Member]

Massachusetts OMA 001 [Member]

Michigan OMI 001 [Member]

New Jersey ONJ 001 [Member]

New Jersey ONJ 002 [Member]

New Jersey ONJ 003 [Member]

Pennsylvania OPA 001 [Member]

Tennessee OTN 001 [Member]

Texas OTX 001 [Member]

Texas OTX 002 [Member]

Texas OTX 003 [Member]

Texas OTX 004 [Member]

Virginia OVA 001 [Member]

Wisconsin OWI 001 [Member]

Arizona IAZ 001 [Member]

Arizona IAZ 002 [Member]

Arizona IAZ 002 [Member]

California ICA 001 [Member]

California ICA 005 [Member]

California ICA 006 [Member]

California ICA 007 [Member]

California ICA 008 [Member]

California ICA 009 [Member]

California ICA 010 [Member]

California ICA 012 [Member]

California ICA 013 [Member]

California ICA 014 [Member]

California ICA 015 [Member]

California ICA 016 [Member]

California ICA 017 [Member]

Colorado ICO 001 [Member]

Florida IFL 001 [Member]

Florida IFL 002 [Member]

Florida IFL 004 [Member]

Florida IFL 005 [Member]

Florida IFL 006 [Member]

Georgia IGA 001 [Member]

Hawaii IHI 001 [Member]

Indiana IIN 001 [Member]

Massachusetts IMA 001 [Member]

Michigan IMI 001 [Member]

Minnesota IMN 001 [Member]

Minnesota IMN 002 [Member]

North Carolina INC 001 [Member]

New Jersey INJ 001 [Member]

New York INY 001 [Member]

Texas ITX 002 [Member]

Texas ITX 003 [Member]

Texas ITX 004 [Member]

Texas ITX 005 [Member]

Virginia IVA 001 [Member]

Arizona LAZ 001 [Member]

California LCA 002 [Member]

California LCA008 [Member]

California LCA 003 [Member]

California LCA 004 [Member]

California LCA 005 [Member]

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MIXED USE:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

OFFICE FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

LAND:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

INDUSTRIAL FACILITIES:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

LAND:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

ENTERTAINMENT:

RETAIL:

RETAIL:

RETAIL:

RETAIL:

RETAIL:

RETAIL:

RETAIL:

RETAIL:

RETAIL:

RETAIL:

RETAIL:

RETAIL:

RETAIL:

RETAIL:

RETAIL:

RETAIL:

RETAIL:

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RETAIL:

HOTEL:

HOTEL:

HOTEL:

HOTEL:

HOTEL:

HOTEL:

HOTEL:

HOTEL:

APARTMENT/RESIDENTIAL:

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APARTMENT/RESIDENTIAL:

APARTMENT/RESIDENTIAL:

APARTMENT/RESIDENTIAL:

APARTMENT/RESIDENTIAL:

APARTMENT/RESIDENTIAL:

APARTMENT/RESIDENTIAL:

APARTMENT/RESIDENTIAL:

APARTMENT/RESIDENTIAL:

APARTMENT/RESIDENTIAL:

MIXED USE:

MIXED USE:

MIXED USE:

APARTMENT/RESIDENTIAL:

APARTMENT/RESIDENTIAL:

Real Estate and Accumulated Depreciation [Line Items]

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Encumbrances

$281,429,000

'

'

'

$137,764,000

$143,665,000

$0

$0

$0

$0

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[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

$0

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

$0

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

$0

[1]

$0

$0

$0

[1]

$0

[1]

$0

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

$0

[1]

$0

[1]

$0

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

$0

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

$0

[1]

$0

[1]

$0

[1]

$0

[1]

$0

$0

Initial Cost to Company

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Land

1,603,209,000

'

'

'

84,780,000

129,760,000

920,025,000

133,448,000

60,136,000

47,039,000

199,040,000

28,981,000

'

10,182,000

[1]

10,780,000

[1]

1,033,000

[1]

1,033,000

[1]

1,033,000

[1]

701,000

[1]

4,139,000

1,757,000

[1]

0

[1]

2,517,000

[1]

905,000

[1]

5,709,000

[1]

6,153,000

1,800,000

[1]

1,600,000

[1]

5,374,000

7,726,000

1,008,000

[1]

2,456,000

[1]

690,000

[1]

2,702,000

1,364,000

[1]

1,233,000

[1]

2,932,000

[1]

1,230,000

[1]

17,030,000

1,875,000

2,519,000

[1]

3,279,000

[1]

13,170,000

[1]

11,635,000

[1]

654,000

[1]

1,086,000

[1]

4,880,000

[1]

6,857,000

[1]

4,095,000

[1]

5,051,000

3,044,000

[1]

2,633,000

[1]

4,600,000

5,617,000

15,708,000

808,000

[1]

832,000

322,000

3,510,000

[1]

3,048,000

[1]

1,612,000

[1]

1,476,000

[1]

2,791,000

[1]

7,477,000

462,000

[1]

7,439,000

[1]

598,000

[1]

403,000

[1]

6,705,000

[1]

680,000

[1]

8,368,000

[1]

1,796,000

[1]

594,000

3,617,000

1,631,000

[1]

1,314,000

[1]

2,619,000

[1]

96,700,000

28,464,000

30,500,000

87,300,000

68,155,000

84,100,000

59,100,000

7,600,000

8,100,000

9,300,000

26,600,000

10,440,000

9,300,000

3,800,000

1,400,000

[1]

9,500,000

102,938,000

2,486,000

[1]

43,300,000

58,900,000

3,277,000

52,461,000

3,674,000

3,375,000

[1]

3,621,000

[1]

20,326,000

60,814,000

11,324,000

277,000

[1]

319,000

[1]

793,000

[1]

521,000

[1]

305,000

[1]

630,000

[1]

590,000

[1]

476,000

[1]

654,000

[1]

666,000

[1]

460,000

[1]

1,097,000

[1]

434,000

[1]

332,000

[1]

1,642,000

[1]

676,000

[1]

720,000

[1]

574,000

[1]

392,000

[1]

358,000

[1]

0

[1]

852,000

[1]

1,572,000

[1]

0

[1]

659,000

[1]

562,000

[1]

896,000

[1]

466,000

[1]

640,000

[1]

729,000

[1]

536,000

[1]

412,000

[1]

901,000

[1]

1,097,000

[1]

330,000

[1]

1,076,000

[1]

0

[1]

412,000

[1]

6,550,000

[1]

1,067,000

[1]

340,000

[1]

401,000

[1]

507,000

[1]

282,000

[1]

352,000

[1]

437,000

[1]

532,000

[1]

486,000

[1]

433,000

[1]

497,000

[1]

643,000

[1]

4,200,000

[1]

551,000

364,000

[1]

507,000

[1]

0

[1]

510,000

[1]

286,000

[1]

474,000

[1]

581,000

[1]

718,000

[1]

546,000

[1]

502,000

[1]

335,000

[1]

481,000

[1]

8,803,000

[1]

433,000

[1]

431,000

[1]

542,000

[1]

417,000

[1]

365,000

[1]

428,000

[1]

575,000

[1]

362,000

[1]

884,000

[1]

371,000

[1]

399,000

[1]

649,000

[1]

366,000

[1]

398,000

[1]

1,126,000

[1]

523,000

[1]

548,000

[1]

519,000

[1]

344,000

[1]

516,000

[1]

554,000

[1]

387,000

[1]

533,000

[1]

356,000

[1]

666,000

[1]

2,962,000

[1]

2,437,000

[1]

334,000

[1]

404,000

[1]

462,000

[1]

878,000

[1]

1,560,000

[1]

830,000

[1]

440,000

[1]

603,000

[1]

442,000

[1]

562,000

[1]

385,000

[1]

350,000

[1]

326,000

[1]

494,000

[1]

320,000

[1]

399,000

[1]

959,000

[1]

587,000

[1]

521,000

[1]

711,000

[1]

558,000

[1]

747,000

[1]

683,000

[1]

1,492,000

[1]

1,471,000

[1]

397,000

[1]

476,000

[1]

410,000

[1]

402,000

[1]

948,000

[1]

259,000

[1]

349,000

[1]

640,000

[1]

409,000

[1]

965,000

[1]

475,000

[1]

494,000

[1]

434,000

[1]

967,000

[1]

281,000

[1]

393,000

[1]

431,000

[1]

954,000

[1]

393,000

[1]

407,000

[1]

421,000

[1]

409,000

[1]

407,000

[1]

950,000

[1]

850,000

[1]

943,000

[1]

332,000

[1]

924,000

[1]

260,000

[1]

1,045,000

[1]

593,000

[1]

985,000

[1]

838,000

[1]

528,000

[1]

480,000

[1]

975,000

[1]

1,108,000

[1]

425,000

[1]

518,000

[1]

758,000

[1]

375,000

[1]

438,000

[1]

561,000

[1]

753,000

[1]

521,000

[1]

634,000

[1]

379,000

[1]

592,000

[1]

624,000

[1]

1,134,000

[1]

845,000

[1]

884,000

[1]

953,000

[1]

487,000

[1]

425,000

[1]

1,151,000

[1]

546,000

[1]

851,000

[1]

819,000

[1]

958,000

[1]

788,000

[1]

554,000

[1]

1,500,000

[1]

521,000

[1]

413,000

[1]

542,000

[1]

793,000

[1]

1,124,000

[1]

2,625,000

2,184,000

2,657,000

[1]

2,569,000

[1]

2,631,000

[1]

3,950,000

[1]

3,393,000

14,934,000

0

[1]

1,733,000

[1]

731,000

[1]

5,687,000

[1]

2,126,000

3,538,000

[1]

1,225,000

630,000

3,502,000

[1]

4,720,000

[1]

1,301,000

4,394,000

[1]

3,308,000

[1]

1,242,000

[1]

6,378,000

[1]

17,996,000

[1]

3,000,000

5,620,000

[1]

5,101,000

[1]

2,423,000

7,333,000

[1]

10,078,000

[1]

7,654,000

[1]

2,394,000

[1]

6,540,000

30,900,000

2,963,000

[1]

8,080,000

[1]

3,483,000

[1]

18,117,000

[1]

36,405,000

2,342,000

[1]

5,869,000

[1]

8,450,000

[1]

4,480,000

[1]

44,438,000

15,890,000

Building and Improvements

2,230,043,000

'

'

'

660,618,000

379,480,000

7,980,000

253,122,000

154,415,000

175,803,000

519,320,000

79,305,000

'

52,544,000

[1]

36,336,000

[1]

6,652,000

[1]

6,652,000

[1]

6,652,000

[1]

4,339,000

[1]

5,064,000

16,930,000

[1]

16,752,000

[1]

14,484,000

[1]

6,744,000

[1]

49,091,000

[1]

14,993,000

18,706,000

[1]

21,947,000

[1]

137,956,000

74,429,000

13,763,000

[1]

28,955,000

[1]

26,098,000

[1]

25,129,000

10,628,000

[1]

15,160,000

[1]

31,235,000

[1]

5,660,000

[1]

52,349,000

13,914,000

7,481,000

[1]

5,221,000

[1]

5,144,000

[1]

19,515,000

[1]

4,591,000

[1]

7,964,000

[1]

12,367,000

[1]

8,378,000

[1]

8,323,000

[1]

6,170,000

3,716,000

[1]

3,219,000

[1]

5,627,000

6,877,000

27,987,000

8,306,000

[1]

1,379,000

323,000

20,846,000

[1]

8,676,000

[1]

4,586,000

[1]

4,198,000

[1]

24,637,000

[1]

23,623,000

9,224,000

[1]

21,774,000

[1]

9,814,000

[1]

1,147,000

[1]

17,690,000

[1]

5,947,000

[1]

15,376,000

[1]

5,108,000

[1]

716,000

3,432,000

27,858,000

[1]

8,903,000

[1]

28,481,000

[1]

0

2,836,000

0

0

0

0

0

0

0

0

0

0

0

0

0

[1]

0

0

0

[1]

0

0

0

0

0

0

[1]

0

[1]

0

0

0

359,000

[1]

414,000

[1]

1,027,000

[1]

673,000

[1]

394,000

[1]

815,000

[1]

764,000

[1]

616,000

[1]

845,000

[1]

862,000

[1]

596,000

[1]

1,421,000

[1]

560,000

[1]

429,000

[1]

2,124,000

[1]

876,000

[1]

932,000

[1]

743,000

[1]

508,000

[1]

464,000

[1]

18,000,000

[1]

1,101,000

[1]

2,034,000

[1]

1,953,000

[1]

852,000

[1]

729,000

[1]

1,159,000

[1]

602,000

[1]

827,000

[1]

944,000

[1]

694,000

[1]

533,000

[1]

1,165,000

[1]

1,420,000

[1]

426,000

[1]

1,390,000

[1]

41,809,000

[1]

531,000

[1]

0

[1]

1,382,000

[1]

439,000

[1]

520,000

[1]

655,000

[1]

364,000

[1]

455,000

[1]

567,000

[1]

689,000

[1]

629,000

[1]

561,000

[1]

643,000

[1]

833,000

[1]

18,272,000

[1]

714,000

470,000

[1]

656,000

[1]

19,337,000

[1]

660,000

[1]

371,000

[1]

613,000

[1]

752,000

[1]

930,000

[1]

706,000

[1]

651,000

[1]

434,000

[1]

622,000

[1]

57,000

[1]

560,000

[1]

557,000

[1]

701,000

[1]

539,000

[1]

473,000

[1]

554,000

[1]

745,000

[1]

468,000

[1]

1,145,000

[1]

481,000

[1]

518,000

[1]

839,000

[1]

473,000

[1]

516,000

[1]

1,458,000

[1]

678,000

[1]

711,000

[1]

672,000

[1]

445,000

[1]

667,000

[1]

718,000

[1]

500,000

[1]

691,000

[1]

460,000

[1]

861,000

[1]

0

[1]

8,715,000

[1]

432,000

[1]

523,000

[1]

597,000

[1]

1,139,000

[1]

2,019,000

[1]

1,075,000

[1]

569,000

[1]

779,000

[1]

571,000

[1]

728,000

[1]

499,000

[1]

453,000

[1]

421,000

[1]

640,000

[1]

414,000

[1]

516,000

[1]

1,240,000

[1]

761,000

[1]

675,000

[1]

920,000

[1]

723,000

[1]

967,000

[1]

885,000

[1]

1,933,000

[1]

1,904,000

[1]

513,000

[1]

615,000

[1]

530,000

[1]

520,000

[1]

1,227,000

[1]

336,000

[1]

452,000

[1]

828,000

[1]

531,000

[1]

1,249,000

[1]

615,000

[1]

638,000

[1]

562,000

[1]

1,252,000

[1]

365,000

[1]

508,000

[1]

557,000

[1]

1,235,000

[1]

508,000

[1]

527,000

[1]

544,000

[1]

528,000

[1]

527,000

[1]

1,230,000

[1]

1,100,000

[1]

1,220,000

[1]

429,000

[1]

1,196,000

[1]

338,000

[1]

1,353,000

[1]

767,000

[1]

1,276,000

[1]

1,083,000

[1]

682,000

[1]

622,000

[1]

1,261,000

[1]

1,433,000

[1]

549,000

[1]

671,000

[1]

981,000

[1]

485,000

[1]

567,000

[1]

726,000

[1]

976,000

[1]

675,000

[1]

821,000

[1]

491,000

[1]

766,000

[1]

808,000

[1]

1,467,000

[1]

1,094,000

[1]

1,145,000

[1]

1,233,000

[1]

632,000

[1]

550,000

[1]

1,490,000

[1]

707,000

[1]

1,103,000

[1]

1,061,000

[1]

1,240,000

[1]

1,020,000

[1]

716,000

[1]

6,500,000

[1]

673,000

[1]

535,000

[1]

702,000

[1]

1,025,000

[1]

1,455,000

[1]

4,875,000

4,056,000

2,666,000

[1]

3,031,000

[1]

279,000

[1]

0

[1]

21,155,000

29,675,000

336,000

[1]

0

[1]

6,073,000

[1]

56,950,000

[1]

948,000

4,215,000

[1]

2,275,000

1,170,000

0

[1]

16,711,000

[1]

0

27,030,000

[1]

20,623,000

[1]

7,865,000

[1]

25,514,000

[1]

17,996,000

[1]

12,000,000

32,695,000

[1]

32,080,000

[1]

0

29,333,000

[1]

40,312,000

[1]

17,859,000

[1]

24,206,000

[1]

15,260,000

30,900,000

11,850,000

[1]

12,120,000

[1]

9,417,000

[1]

106,829,000

[1]

64,719,000

44,478,000

[1]

629,000

[1]

8,216,000

[1]

17,916,000

[1]

82,527,000

29,510,000

Cost Capitalized Subsequent to Acquisition(2)

-244,180,000

[2]

'

'

'

40,942,000

[2]

77,022,000

[2]

6,103,000

[2]

88,867,000

[2]

34,009,000

[2]

4,746,000

[2]

-512,162,000

[2]

16,293,000

[2]

'

17,269,000

[1],[2]

-958,000

[1],[2]

951,000

[1],[2]

205,000

[1],[2]

197,000

[1],[2]

0

[1],[2]

1,596,000

[2]

5,506,000

[1],[2]

48,000

[1],[2]

2,518,000

[1],[2]

90,000

[1],[2]

22,033,000

[1],[2]

14,370,000

[2]

790,000

[1],[2]

276,000

[1],[2]

-2,541,000

[2]

10,000

[2]

-81,000

[1],[2]

505,000

[1],[2]

-49,000

[1],[2]

-17,064,000

[2]

5,644,000

[1],[2]

158,000

[1],[2]

12,403,000

[1],[2]

482,000

[1],[2]

0

[2]

-6,147,000

[2]

1,023,000

[1],[2]

1,267,000

[1],[2]

64,000

[1],[2]

5,943,000

[1],[2]

2,044,000

[1],[2]

2,876,000

[1],[2]

3,550,000

[1],[2]

1,643,000

[1],[2]

1,411,000

[1],[2]

2,013,000

[2]

3,002,000

[1],[2]

290,000

[1],[2]

2,497,000

[2]

5,501,000

[2]

8,665,000

[2]

588,000

[1],[2]

0

[2]

64,000

[2]

8,279,000

[1],[2]

0

[1],[2]

-1,408,000

[1],[2]

-4,497,000

[1],[2]

349,000

[1],[2]

369,000

[2]

0

[1],[2]

10,979,000

[1],[2]

1,000

[1],[2]

-344,000

[1],[2]

0

[1],[2]

0

[1],[2]

21,141,000

[1],[2]

4,000

[1],[2]

0

[2]

0

[2]

-416,000

[1],[2]

46,000

[1],[2]

142,000

[1],[2]

0

[2]

0

[2]

0

[2]

-15,643,000

[2]

-21,405,000

[2]

2,000

[2]

0

[2]

0

[2]

0

[2]

0

[2]

4,413,000

[2]

0

[2]

0

[2]

0

[2]

0

[1],[2]

0

[2]

0

[2]

0

[1],[2]

35,065,000

[2]

52,000

[2]

0

[2]

0

[2]

168,000

[2]

0

[1],[2]

0

[1],[2]

-4,639,000

[2]

12,243,000

[2]

-4,217,000

[2]

-3,000

[1],[2]

0

[1],[2]

0

[1],[2]

-4,000

[1],[2]

-3,000

[1],[2]

0

[1],[2]

0

[1],[2]

-4,000

[1],[2]

-6,000

[1],[2]

-6,000

[1],[2]

0

[1],[2]

0

[1],[2]

1,000

[1],[2]

0

[1],[2]

-16,000

[1],[2]

0

[1],[2]

0

[1],[2]

-5,000

[1],[2]

-4,000

[1],[2]

-3,000

[1],[2]

0

[1],[2]

-8,000

[1],[2]

0

[1],[2]

25,772,000

[1],[2]

-6,000

[1],[2]

0

[1],[2]

-8,000

[1],[2]

-5,000

[1],[2]

1,000

[1],[2]

0

[1],[2]

-5,000

[1],[2]

0

[1],[2]

-9,000

[1],[2]

-10,000

[1],[2]

0

[1],[2]

4,000

[1],[2]

0

[1],[2]

-3,000

[1],[2]

17,118,000

[1],[2]

0

[1],[2]

-3,000

[1],[2]

0

[1],[2]

-5,000

[1],[2]

-3,000

[1],[2]

0

[1],[2]

0

[1],[2]

0

[1],[2]

0

[1],[2]

-4,000

[1],[2]

-5,000

[1],[2]

-6,000

[1],[2]

0

[1],[2]

-6,000

[2]

-3,000

[1],[2]

0

[1],[2]

0

[1],[2]

-5,000

[1],[2]

0

[1],[2]

0

[1],[2]

0

[1],[2]

-7,000

[1],[2]

0

[1],[2]

-5,000

[1],[2]

0

[1],[2]

0

[1],[2]

30,479,000

[1],[2]

-5,000

[1],[2]

-4,000

[1],[2]

-5,000

[1],[2]

0

[1],[2]

-3,000

[1],[2]

0

[1],[2]

0

[1],[2]

-3,000

[1],[2]

-9,000

[1],[2]

0

[1],[2]

-4,000

[1],[2]

-6,000

[1],[2]

-3,000

[1],[2]

-4,000

[1],[2]

0

[1],[2]

-6,000

[1],[2]

0

[1],[2]

-5,000

[1],[2]

0

[1],[2]

-5,000

[1],[2]

0

[1],[2]

-4,000

[1],[2]

-6,000

[1],[2]

0

[1],[2]

-6,000

[1],[2]

15,384,000

[1],[2]

679,000

[1],[2]

0

[1],[2]

-4,000

[1],[2]

-4,000

[1],[2]

0

[1],[2]

-15,000

[1],[2]

0

[1],[2]

-4,000

[1],[2]

-6,000

[1],[2]

0

[1],[2]

0

[1],[2]

-3,000

[1],[2]

0

[1],[2]

0

[1],[2]

0

[1],[2]

-3,000

[1],[2]

-4,000

[1],[2]

-9,000

[1],[2]

0

[1],[2]

-5,000

[1],[2]

0

[1],[2]

-6,000

[1],[2]

0

[1],[2]

-7,000

[1],[2]

0

[1],[2]

-14,000

[1],[2]

0

[1],[2]

-4,000

[1],[2]

-4,000

[1],[2]

-4,000

[1],[2]

0

[1],[2]

-3,000

[1],[2]

0

[1],[2]

0

[1],[2]

0

[1],[2]

-10,000

[1],[2]

0

[1],[2]

-4,000

[1],[2]

0

[1],[2]

-9,000

[1],[2]

-3,000

[1],[2]

0

[1],[2]

-4,000

[1],[2]

0

[1],[2]

-4,000

[1],[2]

0

[1],[2]

0

[1],[2]

-4,000

[1],[2]

-3,000

[1],[2]

0

[1],[2]

-8,000

[1],[2]

-9,000

[1],[2]

0

[1],[2]

0

[1],[2]

0

[1],[2]

0

[1],[2]

-6,000

[1],[2]

0

[1],[2]

-8,000

[1],[2]

-5,000

[1],[2]

-4,000

[1],[2]

-10,000

[1],[2]

-10,000

[1],[2]

-58,000

[1],[2]

0

[1],[2]

1,000

[1],[2]

-3,000

[1],[2]

-4,000

[1],[2]

0

[1],[2]

0

[1],[2]

0

[1],[2]

-6,000

[1],[2]

-4,000

[1],[2]

0

[1],[2]

0

[1],[2]

0

[1],[2]

0

[1],[2]

-9,000

[1],[2]

-10,000

[1],[2]

0

[1],[2]

-4,000

[1],[2]

-11,000

[1],[2]

0

[1],[2]

0

[1],[2]

0

[1],[2]

0

[1],[2]

-8,000

[1],[2]

-5,000

[1],[2]

0

[1],[2]

2,000

[1],[2]

0

[1],[2]

-6,000

[1],[2]

-8,000

[1],[2]

0

[1],[2]

536,000

[2]

-1,588,000

[2]

-277,000

[1],[2]

150,000

[1],[2]

5,195,000

[1],[2]

10,285,000

[1],[2]

3,332,000

[2]

1,692,000

[2]

695,000

[1],[2]

8,370,000

[1],[2]

699,000

[1],[2]

1,754,000

[1],[2]

-790,000

[2]

171,000

[1],[2]

-791,000

[2]

-409,000

[2]

5,975,000

[1],[2]

0

[1],[2]

-990,000

[2]

-871,000

[1],[2]

-664,000

[1],[2]

-253,000

[1],[2]

562,000

[1],[2]

6,971,000

[1],[2]

1,090,000

[2]

-1,058,000

[1],[2]

-1,031,000

[1],[2]

1,921,000

[2]

-16,179,000

[1],[2]

-38,529,000

[1],[2]

-20,530,000

[1],[2]

-26,239,000

[1],[2]

-827,000

[2]

-55,614,000

[2]

5,148,000

[1],[2]

-18,535,000

[1],[2]

-10,090,000

[1],[2]

-103,327,000

[1],[2]

-89,134,000

[2]

-40,189,000

[1],[2]

3,000

[1],[2]

-2,960,000

[1],[2]

1,981,000

[1],[2]

-93,932,000

[2]

-6,106,000

[2]

Gross Amount Carried at Close of Period

'

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'

Land

1,464,930,000

'

'

'

85,787,000

128,687,000

921,431,000

133,431,000

58,219,000

47,039,000

61,506,000

28,830,000

'

10,031,000

[1]

10,780,000

[1]

1,033,000

[1]

1,033,000

[1]

1,033,000

[1]

701,000

[1]

4,139,000

1,757,000

[1]

0

[1]

2,517,000

[1]

905,000

[1]

5,709,000

[1]

6,153,000

1,800,000

[1]

1,600,000

[1]

5,374,000

7,724,000

1,008,000

[1]

2,456,000

[1]

690,000

[1]

2,702,000

2,373,000

[1]

1,233,000

[1]

2,932,000

[1]

1,230,000

[1]

17,030,000

1,875,000

2,519,000

[1]

3,279,000

[1]

13,170,000

[1]

11,635,000

[1]

654,000

[1]

1,086,000

[1]

4,880,000

[1]

6,856,000

[1]

4,095,000

[1]

5,051,000

3,044,000

[1]

2,633,000

[1]

4,600,000

5,619,000

15,708,000

808,000

[1]

832,000

322,000

3,510,000

[1]

3,048,000

[1]

1,241,000

[1]

450,000

[1]

2,791,000

[1]

7,477,000

462,000

[1]

7,439,000

[1]

598,000

[1]

1,206,000

[1]

6,225,000

[1]

680,000

[1]

8,368,000

[1]

1,796,000

[1]

594,000

3,617,000

1,631,000

[1]

1,314,000

[1]

2,619,000

[1]

96,700,000

28,464,000

30,500,000

71,657,000

46,750,000

84,102,000

59,100,000

7,600,000

8,100,000

9,300,000

26,600,000

10,440,000

9,300,000

3,800,000

1,400,000

[1]

9,500,000

102,938,000

2,486,000

[1]

78,365,000

58,900,000

3,277,000

52,461,000

3,674,000

3,375,000

[1]

3,621,000

[1]

15,687,000

73,057,000

7,107,000

277,000

[1]

319,000

[1]

793,000

[1]

521,000

[1]

305,000

[1]

630,000

[1]

590,000

[1]

476,000

[1]

654,000

[1]

666,000

[1]

460,000

[1]

1,097,000

[1]

434,000

[1]

332,000

[1]

1,642,000

[1]

676,000

[1]

720,000

[1]

574,000

[1]

392,000

[1]

358,000

[1]

0

[1]

852,000

[1]

1,572,000

[1]

0

[1]

659,000

[1]

562,000

[1]

896,000

[1]

466,000

[1]

640,000

[1]

729,000

[1]

536,000

[1]

412,000

[1]

901,000

[1]

1,097,000

[1]

330,000

[1]

1,076,000

[1]

0

[1]

412,000

[1]

6,533,000

[1]

1,067,000

[1]

340,000

[1]

401,000

[1]

507,000

[1]

282,000

[1]

352,000

[1]

437,000

[1]

532,000

[1]

486,000

[1]

433,000

[1]

497,000

[1]

643,000

[1]

4,200,000

[1]

551,000

364,000

[1]

507,000

[1]

0

[1]

510,000

[1]

286,000

[1]

474,000

[1]

581,000

[1]

718,000

[1]

546,000

[1]

502,000

[1]

335,000

[1]

481,000

[1]

8,803,000

[1]

433,000

[1]

431,000

[1]

542,000

[1]

417,000

[1]

365,000

[1]

428,000

[1]

575,000

[1]

362,000

[1]

884,000

[1]

371,000

[1]

399,000

[1]

649,000

[1]

366,000

[1]

398,000

[1]

1,126,000

[1]

523,000

[1]

548,000

[1]

519,000

[1]

344,000

[1]

516,000

[1]

554,000

[1]

387,000

[1]

533,000

[1]

356,000

[1]

666,000

[1]

2,962,000

[1]

2,437,000

[1]

334,000

[1]

404,000

[1]

462,000

[1]

878,000

[1]

1,560,000

[1]

830,000

[1]

440,000

[1]

603,000

[1]

442,000

[1]

562,000

[1]

385,000

[1]

350,000

[1]

326,000

[1]

494,000

[1]

320,000

[1]

399,000

[1]

959,000

[1]

587,000

[1]

521,000

[1]

711,000

[1]

558,000

[1]

747,000

[1]

683,000

[1]

1,492,000

[1]

1,471,000

[1]

397,000

[1]

476,000

[1]

410,000

[1]

402,000

[1]

948,000

[1]

259,000

[1]

349,000

[1]

640,000

[1]

409,000

[1]

965,000

[1]

475,000

[1]

494,000

[1]

434,000

[1]

967,000

[1]

281,000

[1]

393,000

[1]

431,000

[1]

954,000

[1]

393,000

[1]

407,000

[1]

421,000

[1]

409,000

[1]

407,000

[1]

950,000

[1]

850,000

[1]

943,000

[1]

332,000

[1]

924,000

[1]

260,000

[1]

1,045,000

[1]

593,000

[1]

985,000

[1]

838,000

[1]

528,000

[1]

480,000

[1]

975,000

[1]

1,108,000

[1]

425,000

[1]

518,000

[1]

758,000

[1]

375,000

[1]

438,000

[1]

561,000

[1]

753,000

[1]

521,000

[1]

634,000

[1]

379,000

[1]

592,000

[1]

624,000

[1]

1,134,000

[1]

845,000

[1]

884,000

[1]

953,000

[1]

487,000

[1]

425,000

[1]

1,151,000

[1]

546,000

[1]

851,000

[1]

819,000

[1]

958,000

[1]

788,000

[1]

554,000

[1]

1,500,000

[1]

521,000

[1]

413,000

[1]

542,000

[1]

793,000

[1]

1,124,000

[1]

2,625,000

2,184,000

2,657,000

[1]

2,569,000

[1]

2,607,000

[1]

3,908,000

[1]

3,393,000

14,934,000

0

[1]

1,705,000

[1]

711,000

[1]

5,687,000

[1]

1,337,000

3,514,000

[1]

1,225,000

630,000

3,502,000

[1]

4,720,000

[1]

311,000

4,394,000

[1]

3,308,000

[1]

1,242,000

[1]

6,378,000

[1]

17,996,000

[1]

3,000,000

5,620,000

[1]

5,101,000

[1]

2,423,000

4,097,000

[1]

2,372,000

[1]

2,296,000

[1]

32,000

[1]

6,540,000

3,093,000

3,992,000

[1]

666,000

[1]

759,000

[1]

3,134,000

[1]

4,316,000

333,000

[1]

5,870,000

[1]

8,450,000

[1]

4,479,000

[1]

11,562,000

15,891,000

Building and Improvements

2,124,142,000

'

'

'

700,553,000

457,575,000

12,677,000

342,006,000

190,341,000

180,549,000

144,692,000

95,749,000

'

69,965,000

[1]

35,378,000

[1]

7,603,000

[1]

6,857,000

[1]

6,849,000

[1]

4,339,000

[1]

6,660,000

22,436,000

[1]

16,800,000

[1]

17,002,000

[1]

6,834,000

[1]

71,124,000

[1]

29,363,000

19,496,000

[1]

22,223,000

[1]

135,415,000

74,441,000

13,682,000

[1]

29,460,000

[1]

26,049,000

[1]

8,065,000

15,263,000

[1]

15,318,000

[1]

43,638,000

[1]

6,142,000

[1]

52,349,000

7,767,000

8,504,000

[1]

6,488,000

[1]

5,208,000

[1]

25,458,000

[1]

6,635,000

[1]

10,840,000

[1]

15,917,000

[1]

10,022,000

[1]

9,734,000

[1]

8,183,000

6,718,000

[1]

3,509,000

[1]

8,124,000

12,376,000

36,652,000

8,894,000

[1]

1,379,000

387,000

29,125,000

[1]

8,676,000

[1]

3,549,000

[1]

727,000

[1]

24,986,000

[1]

23,992,000

9,224,000

[1]

32,753,000

[1]

9,815,000

[1]

0

[1]

18,170,000

[1]

5,947,000

[1]

36,517,000

[1]

5,112,000

[1]

716,000

3,432,000

27,442,000

[1]

8,949,000

[1]

28,623,000

[1]

0

2,836,000

0

0

0

0

0

0

0

0

4,413,000

0

0

0

0

[1]

0

0

0

[1]

0

52,000

0

0

168,000

0

[1]

0

[1]

0

0

0

356,000

[1]

414,000

[1]

1,027,000

[1]

669,000

[1]

391,000

[1]

815,000

[1]

764,000

[1]

612,000

[1]

839,000

[1]

856,000

[1]

596,000

[1]

1,421,000

[1]

561,000

[1]

429,000

[1]

2,108,000

[1]

876,000

[1]

932,000

[1]

738,000

[1]

504,000

[1]

461,000

[1]

18,000,000

[1]

1,093,000

[1]

2,034,000

[1]

27,725,000

[1]

846,000

[1]

729,000

[1]

1,151,000

[1]

597,000

[1]

828,000

[1]

944,000

[1]

689,000

[1]

533,000

[1]

1,156,000

[1]

1,410,000

[1]

426,000

[1]

1,394,000

[1]

41,809,000

[1]

528,000

[1]

17,135,000

[1]

1,382,000

[1]

436,000

[1]

520,000

[1]

650,000

[1]

361,000

[1]

455,000

[1]

567,000

[1]

689,000

[1]

629,000

[1]

557,000

[1]

638,000

[1]

827,000

[1]

18,272,000

[1]

708,000

467,000

[1]

656,000

[1]

19,337,000

[1]

655,000

[1]

371,000

[1]

613,000

[1]

752,000

[1]

923,000

[1]

706,000

[1]

646,000

[1]

434,000

[1]

622,000

[1]

30,536,000

[1]

555,000

[1]

553,000

[1]

696,000

[1]

539,000

[1]

470,000

[1]

554,000

[1]

745,000

[1]

465,000

[1]

1,136,000

[1]

481,000

[1]

514,000

[1]

833,000

[1]

470,000

[1]

512,000

[1]

1,458,000

[1]

672,000

[1]

711,000

[1]

667,000

[1]

445,000

[1]

662,000

[1]

718,000

[1]

496,000

[1]

685,000

[1]

460,000

[1]

855,000

[1]

15,384,000

[1]

9,394,000

[1]

432,000

[1]

519,000

[1]

593,000

[1]

1,139,000

[1]

2,004,000

[1]

1,075,000

[1]

565,000

[1]

773,000

[1]

571,000

[1]

728,000

[1]

496,000

[1]

453,000

[1]

421,000

[1]

640,000

[1]

411,000

[1]

512,000

[1]

1,231,000

[1]

761,000

[1]

670,000

[1]

920,000

[1]

717,000

[1]

967,000

[1]

878,000

[1]

1,933,000

[1]

1,890,000

[1]

513,000

[1]

611,000

[1]

526,000

[1]

516,000

[1]

1,227,000

[1]

333,000

[1]

452,000

[1]

828,000

[1]

531,000

[1]

1,239,000

[1]

615,000

[1]

634,000

[1]

562,000

[1]

1,243,000

[1]

362,000

[1]

508,000

[1]

553,000

[1]

1,235,000

[1]

504,000

[1]

527,000

[1]

544,000

[1]

524,000

[1]

524,000

[1]

1,230,000

[1]

1,092,000

[1]

1,211,000

[1]

429,000

[1]

1,196,000

[1]

338,000

[1]

1,353,000

[1]

761,000

[1]

1,276,000

[1]

1,075,000

[1]

677,000

[1]

618,000

[1]

1,251,000

[1]

1,423,000

[1]

491,000

[1]

671,000

[1]

982,000

[1]

482,000

[1]

563,000

[1]

726,000

[1]

976,000

[1]

675,000

[1]

815,000

[1]

487,000

[1]

766,000

[1]

808,000

[1]

1,467,000

[1]

1,094,000

[1]

1,136,000

[1]

1,223,000

[1]

632,000

[1]

546,000

[1]

1,479,000

[1]

707,000

[1]

1,103,000

[1]

1,061,000

[1]

1,240,000

[1]

1,012,000

[1]

711,000

[1]

6,500,000

[1]

675,000

[1]

535,000

[1]

696,000

[1]

1,017,000

[1]

1,455,000

[1]

5,411,000

2,468,000

2,389,000

[1]

3,181,000

[1]

5,498,000

[1]

10,327,000

[1]

24,487,000

31,367,000

1,031,000

[1]

8,398,000

[1]

6,792,000

[1]

58,704,000

[1]

947,000

4,410,000

[1]

1,484,000

761,000

5,975,000

[1]

16,711,000

[1]

0

26,159,000

[1]

19,959,000

[1]

7,612,000

[1]

26,076,000

[1]

24,967,000

[1]

13,090,000

31,637,000

[1]

31,049,000

[1]

1,921,000

16,390,000

[1]

9,489,000

[1]

2,687,000

[1]

329,000

[1]

14,433,000

3,093,000

15,969,000

[1]

999,000

[1]

2,051,000

[1]

18,485,000

[1]

7,674,000

6,298,000

[1]

631,000

[1]

5,256,000

[1]

19,897,000

[1]

21,471,000

23,403,000

Total

3,589,072,000

[3],[4]

3,763,310,000

3,927,750,000

3,672,966,000

786,340,000

586,262,000

934,108,000

475,437,000

248,560,000

227,588,000

206,198,000

124,579,000

'

79,995,000

[1]

46,158,000

[1]

8,636,000

[1]

7,890,000

[1]

7,882,000

[1]

5,040,000

[1]

10,799,000

24,193,000

[1]

16,800,000

[1]

19,519,000

[1]

7,739,000

[1]

76,833,000

[1]

35,516,000

21,296,000

[1]

23,823,000

[1]

140,789,000

82,165,000

14,690,000

[1]

31,916,000

[1]

26,739,000

[1]

10,767,000

17,636,000

[1]

16,551,000

[1]

46,570,000

[1]

7,372,000

[1]

69,379,000

9,642,000

11,023,000

[1]

9,767,000

[1]

18,378,000

[1]

37,093,000

[1]

7,289,000

[1]

11,926,000

[1]

20,797,000

[1]

16,878,000

[1]

13,829,000

[1]

13,234,000

9,762,000

[1]

6,142,000

[1]

12,724,000

17,995,000

52,360,000

9,702,000

[1]

2,211,000

709,000

32,635,000

[1]

11,724,000

[1]

4,790,000

[1]

1,177,000

[1]

27,777,000

[1]

31,469,000

9,686,000

[1]

40,192,000

[1]

10,413,000

[1]

1,206,000

[1]

24,395,000

[1]

6,627,000

[1]

44,885,000

[1]

6,908,000

[1]

1,310,000

7,049,000

29,073,000

[1]

10,263,000

[1]

31,242,000

[1]

96,700,000

31,300,000

30,500,000

71,657,000

46,750,000

84,102,000

59,100,000

7,600,000

8,100,000

9,300,000

31,013,000

10,440,000

9,300,000

3,800,000

1,400,000

[1]

9,500,000

102,938,000

2,486,000

[1]

78,365,000

58,952,000

3,277,000

52,461,000

3,842,000

3,375,000

[1]

3,621,000

[1]

15,687,000

73,057,000

7,107,000

633,000

[1]

733,000

[1]

1,820,000

[1]

1,190,000

[1]

696,000

[1]

1,445,000

[1]

1,354,000

[1]

1,088,000

[1]

1,493,000

[1]

1,522,000

[1]

1,056,000

[1]

2,518,000

[1]

995,000

[1]

761,000

[1]

3,750,000

[1]

1,552,000

[1]

1,652,000

[1]

1,312,000

[1]

896,000

[1]

819,000

[1]

18,000,000

[1]

1,945,000

[1]

3,606,000

[1]

27,725,000

[1]

1,505,000

[1]

1,291,000

[1]

2,047,000

[1]

1,063,000

[1]

1,468,000

[1]

1,673,000

[1]

1,225,000

[1]

945,000

[1]

2,057,000

[1]

2,507,000

[1]

756,000

[1]

2,470,000

[1]

41,809,000

[1]

940,000

[1]

23,668,000

[1]

2,449,000

[1]

776,000

[1]

921,000

[1]

1,157,000

[1]

643,000

[1]

807,000

[1]

1,004,000

[1]

1,221,000

[1]

1,115,000

[1]

990,000

[1]

1,135,000

[1]

1,470,000

[1]

22,472,000

[1]

1,259,000

831,000

[1]

1,163,000

[1]

19,337,000

[1]

1,165,000

[1]

657,000

[1]

1,087,000

[1]

1,333,000

[1]

1,641,000

[1]

1,252,000

[1]

1,148,000

[1]

769,000

[1]

1,103,000

[1]

39,339,000

[1]

988,000

[1]

984,000

[1]

1,238,000

[1]

956,000

[1]

835,000

[1]

982,000

[1]

1,320,000

[1]

827,000

[1]

2,020,000

[1]

852,000

[1]

913,000

[1]

1,482,000

[1]

836,000

[1]

910,000

[1]

2,584,000

[1]

1,195,000

[1]

1,259,000

[1]

1,186,000

[1]

789,000

[1]

1,178,000

[1]

1,272,000

[1]

883,000

[1]

1,218,000

[1]

816,000

[1]

1,521,000

[1]

18,346,000

[1]

11,831,000

[1]

766,000

[1]

923,000

[1]

1,055,000

[1]

2,017,000

[1]

3,564,000

[1]

1,905,000

[1]

1,005,000

[1]

1,376,000

[1]

1,013,000

[1]

1,290,000

[1]

881,000

[1]

803,000

[1]

747,000

[1]

1,134,000

[1]

731,000

[1]

911,000

[1]

2,190,000

[1]

1,348,000

[1]

1,191,000

[1]

1,631,000

[1]

1,275,000

[1]

1,714,000

[1]

1,561,000

[1]

3,425,000

[1]

3,361,000

[1]

910,000

[1]

1,087,000

[1]

936,000

[1]

918,000

[1]

2,175,000

[1]

592,000

[1]

801,000

[1]

1,468,000

[1]

940,000

[1]

2,204,000

[1]

1,090,000

[1]

1,128,000

[1]

996,000

[1]

2,210,000

[1]

643,000

[1]

901,000

[1]

984,000

[1]

2,189,000

[1]

897,000

[1]

934,000

[1]

965,000

[1]

933,000

[1]

931,000

[1]

2,180,000

[1]

1,942,000

[1]

2,154,000

[1]

761,000

[1]

2,120,000

[1]

598,000

[1]

2,398,000

[1]

1,354,000

[1]

2,261,000

[1]

1,913,000

[1]

1,205,000

[1]

1,098,000

[1]

2,226,000

[1]

2,531,000

[1]

916,000

[1]

1,189,000

[1]

1,740,000

[1]

857,000

[1]

1,001,000

[1]

1,287,000

[1]

1,729,000

[1]

1,196,000

[1]

1,449,000

[1]

866,000

[1]

1,358,000

[1]

1,432,000

[1]

2,601,000

[1]

1,939,000

[1]

2,020,000

[1]

2,176,000

[1]

1,119,000

[1]

971,000

[1]

2,630,000

[1]

1,253,000

[1]

1,954,000

[1]

1,880,000

[1]

2,198,000

[1]

1,800,000

[1]

1,265,000

[1]

8,000,000

[1]

1,196,000

[1]

948,000

[1]

1,238,000

[1]

1,810,000

[1]

2,579,000

[1]

8,036,000

4,652,000

5,046,000

[1]

5,750,000

[1]

8,105,000

[1]

14,235,000

[1]

27,880,000

46,301,000

1,031,000

[1]

10,103,000

[1]

7,503,000

[1]

64,391,000

[1]

2,284,000

7,924,000

[1]

2,709,000

1,391,000

9,477,000

[1]

21,431,000

[1]

311,000

30,553,000

[1]

23,267,000

[1]

8,854,000

[1]

32,454,000

[1]

42,963,000

[1]

16,090,000

37,257,000

[1]

36,150,000

[1]

4,344,000

20,487,000

[1]

11,861,000

[1]

4,983,000

[1]

361,000

[1]

20,973,000

6,186,000

19,961,000

[1]

1,665,000

[1]

2,810,000

[1]

21,619,000

[1]

11,990,000

6,631,000

[1]

6,501,000

[1]

13,706,000

[1]

24,377,000

[1]

33,033,000

39,294,000

Accumulated Depreciation

432,374,000

[4]

388,346,000

356,810,000

327,682,000

166,370,000

103,372,000

3,683,000

77,763,000

18,680,000

55,539,000

0

6,967,000

7,900,000

5,035,000

[1]

4,159,000

[1]

2,518,000

[1]

2,417,000

[1]

2,385,000

[1]

1,537,000

[1]

1,946,000

7,838,000

[1]

4,935,000

[1]

1,554,000

[1]

2,776,000

[1]

22,710,000

[1]

98,000

5,532,000

[1]

6,548,000

[1]

21,108,000

20,586,000

3,383,000

[1]

7,224,000

[1]

8,005,000

[1]

7,878,000

5,034,000

[1]

5,095,000

[1]

14,363,000

[1]

2,143,000

[1]

25,000

4,573,000

1,093,000

[1]

839,000

[1]

343,000

[1]

3,860,000

[1]

2,338,000

[1]

4,063,000

[1]

5,170,000

[1]

2,976,000

[1]

3,256,000

[1]

2,135,000

1,928,000

[1]

1,150,000

[1]

2,212,000

5,867,000

14,970,000

3,014,000

[1]

254,000

71,000

4,067,000

[1]

3,073,000

[1]

677,000

[1]

435,000

[1]

3,863,000

[1]

2,356,000

2,011,000

[1]

4,572,000

[1]

2,162,000

[1]

0

[1]

4,047,000

[1]

1,390,000

[1]

5,172,000

[1]

1,811,000

[1]

132,000

633,000

4,186,000

[1]

3,165,000

[1]

4,424,000

[1]

0

1,841,000

0

0

0

0

0

0

0

0

0

0

0

0

0

[1]

0

0

290,000

[1]

51,000

0

0

0

0

0

[1]

0

[1]

0

1,158,000

0

88,000

[1]

102,000

[1]

253,000

[1]

166,000

[1]

97,000

[1]

201,000

[1]

188,000

[1]

152,000

[1]

208,000

[1]

212,000

[1]

147,000

[1]

349,000

[1]

138,000

[1]

106,000

[1]

523,000

[1]

215,000

[1]

229,000

[1]

183,000

[1]

125,000

[1]

114,000

[1]

4,336,000

[1]

271,000

[1]

500,000

[1]

3,348,000

[1]

210,000

[1]

179,000

[1]

285,000

[1]

148,000

[1]

204,000

[1]

232,000

[1]

171,000

[1]

131,000

[1]

287,000

[1]

349,000

[1]

105,000

[1]

343,000

[1]

13,655,000

[1]

131,000

[1]

2,853,000

[1]

340,000

[1]

108,000

[1]

128,000

[1]

161,000

[1]

90,000

[1]

112,000

[1]

139,000

[1]

169,000

[1]

155,000

[1]

138,000

[1]

158,000

[1]

205,000

[1]

4,041,000

[1]

175,000

116,000

[1]

161,000

[1]

4,276,000

[1]

162,000

[1]

91,000

[1]

151,000

[1]

185,000

[1]

229,000

[1]

174,000

[1]

160,000

[1]

107,000

[1]

153,000

[1]

4,819,000

[1]

138,000

[1]

137,000

[1]

172,000

[1]

133,000

[1]

116,000

[1]

136,000

[1]

183,000

[1]

115,000

[1]

282,000

[1]

118,000

[1]

127,000

[1]

206,000

[1]

116,000

[1]

127,000

[1]

359,000

[1]

167,000

[1]

175,000

[1]

165,000

[1]

109,000

[1]

164,000

[1]

177,000

[1]

123,000

[1]

170,000

[1]

113,000

[1]

212,000

[1]

2,507,000

[1]

1,939,000

[1]

106,000

[1]

129,000

[1]

147,000

[1]

280,000

[1]

497,000

[1]

264,000

[1]

140,000

[1]

192,000

[1]

141,000

[1]

179,000

[1]

123,000

[1]

111,000

[1]

104,000

[1]

157,000

[1]

102,000

[1]

127,000

[1]

305,000

[1]

187,000

[1]

166,000

[1]

226,000

[1]

178,000

[1]

238,000

[1]

218,000

[1]

475,000

[1]

468,000

[1]

126,000

[1]

151,000

[1]

130,000

[1]

128,000

[1]

302,000

[1]

83,000

[1]

111,000

[1]

204,000

[1]

130,000

[1]

307,000

[1]

151,000

[1]

157,000

[1]

138,000

[1]

308,000

[1]

90,000

[1]

125,000

[1]

137,000

[1]

304,000

[1]

125,000

[1]

130,000

[1]

134,000

[1]

130,000

[1]

130,000

[1]

303,000

[1]

271,000

[1]

300,000

[1]

106,000

[1]

294,000

[1]

83,000

[1]

333,000

[1]

189,000

[1]

314,000

[1]

267,000

[1]

168,000

[1]

153,000

[1]

310,000

[1]

353,000

[1]

127,000

[1]

165,000

[1]

241,000

[1]

119,000

[1]

140,000

[1]

179,000

[1]

240,000

[1]

166,000

[1]

202,000

[1]

121,000

[1]

188,000

[1]

199,000

[1]

361,000

[1]

269,000

[1]

282,000

[1]

303,000

[1]

155,000

[1]

135,000

[1]

367,000

[1]

174,000

[1]

271,000

[1]

261,000

[1]

305,000

[1]

251,000

[1]

176,000

[1]

1,927,000

[1]

166,000

[1]

132,000

[1]

173,000

[1]

252,000

[1]

358,000

[1]

258,000

134,000

225,000

[1]

322,000

[1]

915,000

[1]

1,897,000

[1]

2,792,000

1,495,000

221,000

[1]

1,418,000

[1]

1,538,000

[1]

4,439,000

[1]

158,000

1,112,000

[1]

0

0

1,082,000

[1]

674,000

[1]

0

10,632,000

[1]

8,097,000

[1]

3,081,000

[1]

2,813,000

[1]

4,078,000

[1]

1,294,000

12,964,000

[1]

12,580,000

[1]

0

0

[1]

0

[1]

0

[1]

0

[1]

0

0

0

[1]

0

[1]

0

[1]

0

[1]

0

0

[1]

44,000

[1]

1,392,000

[1]

496,000

[1]

0

0

Depreciable Life (Years)

'

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'

'

'

'

'

'

'

'

'

'

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'0 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'70 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'27 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'0 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'40 years

'0 years

'0 years

'40 years

'40 years

'0 years

'40 years

'40 years

'40 years

'40 years

'40 years

'0 years

'40 years

'40 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'0 years

'40 years

'0 years

'0 years

'0 years

Properties pledged as collateral book value

1,430,000,000

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'

Aggregate cost for Federal income tax purposes

$3,860,000,000

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'

[1]

Consists of properties pledged as collateral under the Company's secured credit facilities with a total book value of $1.43 billion.

[2]

Includes impairments and unit sales.

[3]

The aggregate cost for Federal income tax purposes was approximately $3.86 billion at December 31, 2013.

[4]

Includes $7.9 million relating to accumulated depreciation for real estate assets held for sale as of December 31, 2013.

Schedule_IIIReal_Estate_and_Ac2

Schedule III-Real Estate and Accumulated Depreciation (Reconciliation or Real Estate and Accumulated Depreciation) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012	Dec. 31, 2011
Reconciliation of Real Estate	'		'	'
Balance at January 1	$3,763,310		$3,927,750	$3,672,966
Improvements and additions	126,664		111,760	43,671
Acquisitions through foreclosure	31,764		269,100	501,519
Other acquisitions	69,379		0	0
Dispositions	-388,906		-510,504	-269,761
Impairments	-13,139		-34,796	-20,645
Balance at December 31	3,589,072	[1],[2]	3,763,310	3,927,750
Reconciliation of Accumulated Depreciation	'		'	'
Balance at January 1	-388,346		-356,810	-327,682
Additions	-59,208		-59,968	-52,418
Dispositions	15,180		28,432	23,290
Balance at December 31	($432,374)	[2]	($388,346)	($356,810)
[1]	The aggregate cost for Federal income tax purposes was approximately $3.86 billion at December 31, 2013.
[2]	Includes $7.9 million relating to accumulated depreciation for real estate assets held for sale as of December 31, 2013.

Schedule_IVMortgage_Loans_on_R1

Schedule IV-Mortgage Loans on Real Estate (Details) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Senior Mortgages [Member]

Borrower A

Borrower A

Borrower A

Borrower B(3)

Borrower B(3)

Borrower B(3)

Borrower C

Borrower C

Borrower C

Borrower D(4)

Borrower D(4)

Borrower D(4)

Borrower D(4)

Borrower E(5)

Borrower E(5)

Borrower E(5)

Borrower F(6)

Borrower F(6)

Borrower F(6)

Borrower G(7)

Borrower G(7)

Borrower G(7)

Borrower G(7)

Borrower H

Borrower H

Borrower H

Borrower I(8)

Borrower I(8)

Borrower I(8)

Borrower J

Borrower J

Borrower J

Senior mortgages individually 3%

Senior mortgages individually 3%

Senior mortgages individually 3%

Senior mortgages individually 3%

Senior mortgages individually 3%

Senior mortgages individually 3%

Senior mortgages individually 3%

Borrower K

Borrower K

Borrower K

Subordinate Mortgages

Subordinate mortgages individually 3%

Subordinate mortgages individually 3%

Subordinate mortgages individually 3%

Contractual Interest Accrual Rates

Contractual Interest Payment Rates

Contractual Interest Accrual Rates

Contractual Interest Payment Rates

Contractual Interest Accrual Rates

Contractual Interest Payment Rates

Minimum

Contractual Interest Accrual Rates

Contractual Interest Payment Rates

Contractual Interest Accrual Rates

Contractual Interest Payment Rates

Contractual Interest Accrual Rates

Contractual Interest Payment Rates

Minimum

Contractual Interest Accrual Rates

Contractual Interest Payment Rates

Contractual Interest Accrual Rates

Contractual Interest Payment Rates

Contractual Interest Accrual Rates

Contractual Interest Payment Rates

Contractual Interest Accrual Rates

Contractual Interest Payment Rates

Contractual Interest Accrual Rates

Contractual Interest Accrual Rates

Contractual Interest Accrual Rates

Contractual Interest Payment Rates

Contractual Interest Payment Rates

Contractual Interest Payment Rates

Contractual Interest Accrual Rates

Contractual Interest Payment Rates

Contractual Interest Accrual Rates

Contractual Interest Payment Rates

Minimum

Maximum

Minimum

Maximum

Mortgage Loans on Real Estate [Line Items]

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Basis spread on variable rate (as a percent)

'

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'

'

'

3.30%

3.30%

'

'

'

'

5.25%

5.25%

'

3.88%

4.50%

4.50%

3.50%

[1],[2],[3]

3.50%

3.50%

'

1.75%

1.75%

'

4.00%

3.00%

3.00%

'

'

'

'

5.58%

5.58%

'

'

'

'

'

1.50%

7.00%

'

0.50%

7.00%

'

'

'

'

'

'

'

Fixed interest rate (as a percent)

'

'

'

'

'

'

'

'

'

17.00%

17.00%

'

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'

'

'

'

'

'

'

'

8.00%

8.00%

'

'

'

'

8.00%

5.00%

'

'

'

'

'

'

'

'

8.00%

8.00%

'

'

'

'

Fixed interest rate, low end of range (as a percent)

'

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'

4.00%

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'

4.00%

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'

'

'

'

'

'

5.00%

8.12%

Fixed interest rate, high end of range (as a percent)

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'

'

13.00%

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'

10.00%

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'

'

'

'

'

14.00%

14.00%

Variable rate basis

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'

'

'LIBOR

'LIBOR

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'

'

'

'LIBOR

'LIBOR

'

'

'LIBOR

'LIBOR

'

'LIBOR

'LIBOR

'

'LIBOR

'LIBOR

'

'

'LIBOR

'LIBOR

'

'

'

'

'LIBOR

'LIBOR

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'

'

'

'

'LIBOR

'LIBOR

'

'LIBOR

'LIBOR

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'

'

'

'

'

'

Face Amount of Mortgages

$1,129,478,000

'

'

'

$1,068,784,000

$92,446,000

'

'

$224,223,000

[4]

'

'

$66,502,000

'

'

$65,931,000

[5]

'

'

'

$58,175,000

[1]

'

'

$75,000,000

[6]

'

'

$48,358,000

[7]

'

'

'

$26,414,000

'

'

$50,000,000

[8]

'

'

$26,043,000

'

'

$335,692,000

'

'

'

'

'

'

$25,000,000

'

'

$60,694,000

$35,694,000

'

'

Carrying Amount of Mortgages

827,796,000

[10],[2],[3],[9]

1,421,654,000

[10],[9]

2,449,554,000

[10],[9]

4,012,067,000

[10]

767,117,000

[2],[3]

92,518,000

[2],[3]

'

'

77,427,000

[2],[3],[4]

'

'

67,263,000

[2],[3]

'

'

64,497,000

[2],[3],[5]

'

'

'

53,569,000

[1],[2],[3]

'

'

30,808,000

[2],[3],[6]

'

'

26,553,000

[2],[3],[7]

'

'

'

26,450,000

[2],[3]

'

'

26,231,000

[2],[3],[8]

'

'

26,092,000

[2],[3]

'

'

275,709,000

[2],[3]

'

'

'

'

'

'

24,962,000

[2],[3]

'

'

60,679,000

[2],[3]

35,717,000

[2],[3]

'

'

Asset specific reserves on impaired loans

304,500,000

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'

'

'

'

'

Delinquency period for a loan to be considered as non-performing and on non-accrual status

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'

'

'

'

'

'

'

$224,200,000

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'

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'

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'

'

'

'

'

'

$75,000,000

'

'

$48,400,000

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'

'

$50,000,000

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'

'

'

'

'

'

'

'

'

'

Principal amount of loan in default that is more than 90 days delinquent

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'90 days

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'

'

[1]

As of December 31, 2013, included a LIBOR interest rate floor of 3.50%.

[2]

Amounts are presented net of asset-specific reserves of $304.5 million on impaired loans. Impairment is measured using the estimated fair value of collateral, less costs to sell.

[3]

The carrying amount of mortgages approximated the federal income tax basis.

[4]

Loan is in default with $224.2 million of principal that is more than 90 days delinquent. Loan is designated as non-performing and is on non-accrual status.

[5]

As of December 31, 2013, included a LIBOR interest rate floor of 3.88%.

[6]

Loan is in default with $75.0 million of principal that is more than 90 days delinquent. Loan is designated as non-performing and is on non-accrual status.

[7]

Loan is in default with $48.4 million of principal that is more than 90 days delinquent. Loan is designated as non-performing and is on non-accrual status. As of December 31, 2013, included a LIBOR interest rate floor of 4.0%.

[8]

Loan is in default with $50.0 million of principal that is more than 90 days delinquent. Loan is designated as non-performing and is on non-accrual status.

[9]

Amounts are presented net of charge-offs of $152.8 million, $106.9 million and $214.0 million for the years ended December 31, 2013, 2012 and 2011, respectively.

[10]

Balances represent the carrying value of loans, which are net of asset specific reserves.

Schedule_IVMortgage_Loans_on_R2

Schedule IV-Mortgage Loans on Real Estate (Reconciliation of Mortgage Loans on Real Estate) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Movement in Mortgage Loans on Real Estate [Roll Forward]	'		'		'
Balance at January 1	$1,421,654,000	[1],[2]	$2,449,554,000	[1],[2]	$4,012,067,000	[1]
Additions:	'		'		'
New mortgage loans	19,249,000	[1]	2,205,000	[1]	20,000,000	[1]
Additions under existing mortgage loans	31,589,000	[1]	29,887,000	[1]	82,598,000	[1]
Other(2)	16,385,000	[1],[3]	33,324,000	[1],[3]	32,922,000	[1],[3]
Deductions(3):	'		'		'
Collections of principal	-636,883,000	[1],[2]	-700,943,000	[1],[2]	-1,047,943,000	[1],[2]
Recovery of (provision for) loan losses	25,011,000	[1],[2]	-121,869,000	[1],[2]	-93,187,000	[1],[2]
Transfers to real estate and equity investments	-49,100,000	[1],[2]	-270,359,000	[1],[2]	-556,753,000	[1],[2]
Amortization of premium	-109,000	[1],[2]	-145,000	[1],[2]	-150,000	[1],[2]
Balance at December 31	827,796,000	[1],[2],[4],[5]	1,421,654,000	[1],[2]	2,449,554,000	[1],[2]
Charge-offs	'		'		'
Charge-offs	$152,800,000		$106,900,000		$214,000,000
[1]	Balances represent the carrying value of loans, which are net of asset specific reserves.
[2]	Amounts are presented net of charge-offs of $152.8 million, $106.9 million and $214.0 million for the years ended December 31, 2013, 2012 and 2011, respectively.
[3]	Amount includes amortization of discount, deferred interest capitalized and mark-to-market adjustments resulting from changes in foreign exchange rates.
[4]	Amounts are presented net of asset-specific reserves of $304.5 million on impaired loans. Impairment is measured using the estimated fair value of collateral, less costs to sell.
[5]	The carrying amount of mortgages approximated the federal income tax basis.