FTAI Aviation (FTAI) 10-Q 1 Nov 19 2019 Q3 Quarterly report Financial data

Cover page

Cover page - shares	9 Months Ended
	Sep. 30, 2019	Oct. 29, 2019
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	001-37386
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	32-0434238
Entity Address, Address Line One	1345 Avenue of the Americas, 45th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10105
City Area Code	212
Local Phone Number	798-6100
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		84,903,138
Entity Registrant Name	Fortress Transportation & Infrastructure Investors LLC
Entity Central Index Key	0001590364
Document Fiscal Year Focus	2019
Amendment Flag	false
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Class A common shares, $0.01 par value per share
Entity Information [Line Items]
Title of 12(b) Security	Class A common shares, $0.01 par value per share
Trading Symbol	FTAI
Security Exchange Name	NYSE
8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares
Entity Information [Line Items]
Title of 12(b) Security	8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares
Trading Symbol	FTAI PR A
Security Exchange Name	NYSE

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets [Abstract]
Cash and cash equivalents	$ 99,343	$ 99,601
Restricted cash	51,241	21,236
Accounts receivable, net	61,970	53,789
Leasing equipment, net	1,498,679	1,432,210
Operating lease right-of-use assets, net	42,590	0
Finance leases, net	8,620	18,623
Property, plant, and equipment, net	945,052	708,853
Investments	51,109	40,560
Intangible assets, net	30,182	38,513
Goodwill	116,584	116,584
Other assets	229,643	108,809
Total assets	3,135,013	2,638,778
Liabilities
Accounts payable and accrued liabilities	135,155	112,188
Debt, net	1,582,262	1,237,347
Maintenance deposits	197,989	158,163
Security deposits	42,761	38,539
Operating lease liabilities	43,036	0
Other liabilities	28,158	38,759
Total liabilities	2,029,361	1,584,996
Commitments and contingencies
Equity
Common shares ($0.01 par value per share; 2,000,000,000 shares authorized; 84,903,138 and 84,050,889 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively)	849	840
Preferred shares ($0.01 par value per share; 3,450,000 shares authorized; 3,450,000 and 0 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively)	35	0
Additional paid in capital	1,027,451	1,029,376
Retained earnings (accumulated deficit)	6,806	(32,817)
Accumulated other comprehensive income	25,474	0
Shareholders' equity	1,060,615	997,399
Non-controlling interest in equity of consolidated subsidiaries	45,037	56,383
Total equity	1,105,652	1,053,782
Total liabilities and equity	$ 3,135,013	$ 2,638,778

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	3,450,000,000	3,450,000,000
Preferred stock, shares issued (in shares)	3,450,000,000	0
Preferred stock, shares outstanding (in shares)	3,450,000,000	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	84,903,138	84,050,889
Common stock, shares outstanding (in shares)	84,903,138	84,050,889

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues
Revenues	$ 162,221	$ 101,155	$ 445,853	$ 241,978
Expenses
Operating expenses	89,368	41,667	244,049	96,839
General and administrative	6,284	4,012	15,313	12,171
Acquisition and transaction expenses	5,618	1,460	9,400	4,734
Management fees and incentive allocation to affiliate	7,378	3,846	16,926	12,080
Depreciation and amortization	43,744	34,422	125,877	96,853
Interest expense	25,488	15,142	72,263	39,870
Total expenses	177,880	100,549	483,828	262,547
Other income (expense)
Equity in losses of unconsolidated entities	(974)	(442)	(1,527)	(598)
Gain on sale of equipment, net	37,061	262	61,416	5,253
Interest income	121	111	452	361
Other income	1,131	737	3,465	2,074
Total other income	37,339	668	63,806	7,090
Income (loss) before income taxes	21,680	1,274	25,831	(13,479)
Provision for (benefit from) income taxes	1,004	551	(842)	1,580
Net income (loss)	20,676	723	26,673	(15,059)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(4,995)	(3,855)	(12,950)	(19,904)
Net income attributable to shareholders	$ 25,671	$ 4,578	$ 39,623	$ 4,845
Earnings per common share
Basic (in dollars per share)	$ 0.30	$ 0.05	$ 0.46	$ 0.06
Diluted (in dollars per share)	$ 0.30	$ 0.05	$ 0.46	$ 0.06
Weighted Average Common Shares Outstanding:
Basic (in shares)	85,996,067	84,708,071	85,990,131	83,178,546
Diluted (in shares)	86,005,604	84,709,656	86,013,539	83,179,181
Equipment leasing revenues
Revenues
Revenues	$ 87,259	$ 70,890	$ 238,911	$ 186,004
Infrastructure revenues
Revenues
Revenues	74,962	$ 30,265	$ 206,942	$ 55,974
Other income (expense)
Income (loss) before income taxes

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)		$ 20,676	$ 723	$ 26,673	$ (15,059)
Change in fair value of cash flow hedge, net	[1]	(8,584)	0	25,474	0
Comprehensive income (loss)		12,092	723	52,147	(15,059)
Comprehensive loss attributable to non-controlling interest		(4,995)	(3,855)	(12,950)	(19,904)
Comprehensive income attributable to shareholders		17,087	$ 4,578	65,097	$ 4,845
Tax expense, cash flow hedge		$ (2,282)		$ 3,904
[1]	Net of deferred tax (benefit) expense of $(2,282) and $3,904 for the three and nine months ended September 30, 2019 , respectively.

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Shares	Preferred Shares	Additional Paid In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Non-Controlling Interest in Equity of Consolidated Subsidiaries
Beginning balance at Dec. 31, 2017	$ 1,035,075	$ 758		$ 985,009	$ (38,699)		$ 88,007
Comprehensive income (loss):
Net income (loss) for the period	(15,782)				267		(16,049)
Other comprehensive loss	0						0
Comprehensive income (loss)	(15,782)				267		(16,049)
Purchase of non-controlling interest	7,225
Purchase of non-controlling interest	(3,705)						(10,930)
Issuance of common shares	127,963	70		127,893
Dividends declared - common shares	(54,662)			(54,662)
Equity-based compensation	437			9			428
Ending balance at Jun. 30, 2018	1,089,326	828		1,065,474	(38,432)		61,456
Beginning balance at Dec. 31, 2017	1,035,075	758		985,009	(38,699)		88,007
Comprehensive income (loss):
Net income (loss) for the period	(15,059)
Comprehensive income (loss)	(15,059)
Ending balance at Sep. 30, 2018	1,062,320	828		1,037,513	(33,854)		57,833
Beginning balance at Jun. 30, 2018	1,089,326	828		1,065,474	(38,432)		61,456
Comprehensive income (loss):
Net income (loss) for the period	723				4,578		(3,855)
Other comprehensive loss	0						0
Comprehensive income (loss)	723				4,578		(3,855)
Dividends declared - common shares	(27,961)			(27,961)
Equity-based compensation	232						232
Ending balance at Sep. 30, 2018	1,062,320	828		1,037,513	(33,854)		57,833
Beginning balance at Dec. 31, 2018	1,053,782	840		1,029,376	(32,817)		56,383
Comprehensive income (loss):
Net income (loss) for the period	5,997				13,952		(7,955)
Other comprehensive loss	34,058					$ 34,058
Comprehensive income (loss)	40,055				13,952	34,058	(7,955)
Issuance of common shares	242	8		234
Conversion of participating securities	(7)			(7)
Dividends declared - common shares	(56,767)			(56,767)
Equity-based compensation	928						928
Ending balance at Jun. 30, 2019	1,038,233	848		972,836	(18,865)	34,058	49,356
Beginning balance at Dec. 31, 2018	1,053,782	840		1,029,376	(32,817)		56,383
Comprehensive income (loss):
Net income (loss) for the period	26,673
Comprehensive income (loss)	52,147
Ending balance at Sep. 30, 2019	1,105,652	849	$ 35	1,027,451	6,806	25,474	45,037
Beginning balance at Jun. 30, 2019	1,038,233	848		972,836	(18,865)	34,058	49,356
Comprehensive income (loss):
Net income (loss) for the period	20,676				25,671		(4,995)
Other comprehensive loss	(8,584)					(8,584)
Comprehensive income (loss)	12,092				25,671	(8,584)	(4,995)
Issuance of common shares	151	1		150
Conversion of participating securities	(1)			(1)
Dividends declared - common shares	(28,387)			(28,387)
Issuance of preferred shares	82,888		35	82,853
Equity-based compensation	676						676
Ending balance at Sep. 30, 2019	$ 1,105,652	$ 849	$ 35	$ 1,027,451	$ 6,806	$ 25,474	$ 45,037

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income (loss)	$ 26,673	$ (15,059)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity in losses of unconsolidated entities	1,527	598
Gain on sale of equipment, net	(61,416)	(5,253)
Security deposits and maintenance claims included in earnings	(3,863)	(4,325)
Equity-based compensation	1,604	669
Depreciation and amortization	125,877	96,853
Change in current and deferred income taxes	(1,906)	670
Change in fair value of non-hedge derivative	4,130	567
Amortization of lease intangibles and incentives	24,008	17,629
Amortization of deferred financing costs	5,995	4,164
Bad debt expense	3,139	1,586
Other	748	51
Change in:
Accounts receivable	(16,002)	(19,024)
Other assets	(15,128)	(10,891)
Accounts payable and accrued liabilities	2,101	15,198
Management fees payable to affiliate	8,961	(774)
Other liabilities	(13,735)	3,756
Net cash provided by operating activities	92,713	86,415
Cash flows from investing activities:
Investment in notes receivable	0	(912)
Investment in unconsolidated entities and available for sale securities	(13,500)	(1,115)
Principal collections on finance leases	13,094	658
Acquisition of leasing equipment	(287,508)	(330,492)
Acquisition of property, plant and equipment	(243,707)	(178,555)
Acquisition of lease intangibles	(101)	(5,039)
Purchase deposits for acquisitions	(45,852)	(17,350)
Proceeds from sale of leasing equipment	166,290	30,409
Proceeds from sale of property, plant and equipment	7	78
Return of capital distributions from unconsolidated entities	1,424	872
Return of purchase deposit for aircraft and aircraft engines	0	240
Return of deposit on sale of engine	0	(400)
Net cash used in investing activities	(409,853)	(501,606)
Cash flows from financing activities:
Proceeds from debt	568,704	615,239
Repayment of debt	(218,934)	(181,856)
Payment of deferred financing costs	(31,585)	(2,686)
Receipt of security deposits	5,802	7,084
Return of security deposits	(368)	(1,520)
Receipt of maintenance deposits	49,356	41,808
Release of maintenance deposits	(23,822)	(11,518)
Proceeds from issuance of common shares, net of underwriter's discount	0	128,451
Common shares issuance costs	0	(789)
Proceeds from issuance of preferred shares, net of underwriter's discount and issuance costs	82,888	0
Purchase of non-controlling interest	0	(3,705)
Cash dividends - common shares	(85,154)	(82,623)
Net cash provided by financing activities	346,887	507,885
Net increase in cash and cash equivalents and restricted cash	29,747	92,694
Cash and cash equivalents and restricted cash, beginning of period	120,837	92,806
Cash and cash equivalents and restricted cash, end of period	150,584	185,500
Supplemental disclosure of non-cash investing and financing activities:
Proceeds from borrowings of debt	0	511
Acquisition of leasing equipment	3,386	(16,873)
Acquisition of property, plant and equipment	(22,736)	(9,736)
Settled and assumed security deposits	(1,007)	1,100
Billed, assumed and settled maintenance deposits	12,471	(6,758)
Deferred financing costs	0	(4,500)
Purchase of non-controlling interest	0	7,225
Change in fair value of cash flow hedge	25,474	0
Issuance of common shares	$ 385	$ 301

ORGANIZATION

ORGANIZATION	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Fortress Transportation and Infrastructure Investors LLC (the “Company,” “we,” “our” or “us”) is a Delaware limited liability company which, through its subsidiary, Fortress Worldwide Transportation and Infrastructure General Partnership (the “Partnership”), owns and leases aviation equipment and also owns and operates a short line railroad in North America, Central Maine and Québec Railway (“CMQR”), a multi-modal crude oil and refined products terminal in Beaumont, Texas (“Jefferson Terminal”), a deep-water port located along the Delaware River with an underground storage cavern and multiple industrial development opportunities (“Repauno”), and a multi-modal terminal located along the Ohio River with multiple industrial development opportunities, including a power plant under construction (“Long Ridge”). Additionally, we own and lease offshore energy equipment and shipping containers. We have four reportable segments, (i) Aviation Leasing, (ii) Jefferson Terminal, (iii) Railroad, and (iv) Ports and Terminals, which operate in two primary businesses, Equipment Leasing and Infrastructure (Note 16

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting — The accompanying consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of us and our subsidiaries. Principles of Consolidation — We consolidate all entities in which we have a controlling financial interest and control over significant operating decisions, as well as variable interest entities (“VIEs”) in which we are the primary beneficiary. All significant intercompany transactions and balances have been eliminated. All adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The ownership interest of other investors in consolidated subsidiaries is recorded as non-controlling interest. We use the equity method of accounting for investments in entities in which we exercise significant influence but which do not meet the requirements for consolidation. Under the equity method, we record our proportionate share of the underlying net income (loss) of these entities. Use of Estimates — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Risks and Uncertainties — In the normal course of business, we encounter several significant types of economic risk including credit, market, and capital market risks. Credit risk is the risk of the inability or unwillingness of a lessee, customer, or derivative counterparty to make contractually required payments or to fulfill its other contractual obligations. Market risk reflects the risk of a downturn or volatility in the underlying industry segments in which we operate, which could adversely impact the pricing of the services offered by us or a lessee’s or customer’s ability to make payments, increase the risk of unscheduled lease terminations and depress lease rates and the value of our leasing equipment or operating assets. Capital market risk is the risk that we are unable to obtain capital at reasonable rates to fund the growth of our business or to refinance existing debt facilities. We, through our subsidiaries, also conduct operations outside of the United States; such international operations are subject to the same risks as those associated with our United States operations as well as additional risks, including unexpected changes in regulatory requirements, heightened risk of political and economic instability, potentially adverse tax consequences and the burden of complying with foreign laws. We do not have significant exposure to foreign currency risk as all of our leasing arrangements and the majority of terminal services revenue and freight rail revenue are denominated in U.S. dollars. Variable Interest Entities — The assessment of whether an entity is a VIE and the determination of whether to consolidate a VIE requires judgment. VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated by its primary beneficiary, and only by its primary beneficiary, which is defined as the party who has the power to direct the activities of a VIE that most significantly impact its economic performance and who has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. JGP Energy Partners LLC During the quarter ended September 30, 2016, we initiated activities in our 50% owned joint venture, JGP Energy Partners LLC (“JGP”). The other 50% member to the joint venture is a third party ethanol producer. The purpose of the venture is to build storage capacity with capabilities to receive and/or distribute ethanol via water, rail or truck. Each member contributed up to $27 million (for a total of $54 million ) for the development and construction of the ethanol terminal facilities. JGP is governed by a designated operating committee selected by the members in proportion to their equity interests. JGP is solely reliant on its members to finance its activities and therefore is a VIE. We concluded that we are not the primary beneficiary of JGP as the members share equally in the risks and rewards and decision making authority of the entity; therefore, we do not consolidate JGP and account for this investment in accordance with the equity method. Refer to Note 6 for details. Delaware River Partners LLC On July 1, 2016, we, through Delaware River Partners LLC (“DRP”), a consolidated subsidiary, purchased the assets of Repauno, which consisted primarily of land, a storage cavern, and riparian rights for the acquired land, site improvements and rights. Upon acquisition there were no operational processes that could be applied to these assets that would result in outputs without significant green field development. We currently hold an approximately 98% economic interest, which includes the additional 8% economic interest we purchased from non-controlling interest holders in DRP for $ 4.5 million in April 2019, and a 100% voting interest in DRP. DRP is solely reliant on us to finance its activities and therefore is a VIE. We concluded that we were the primary beneficiary; and accordingly, DRP has been presented on a consolidated basis in the accompanying financial statements. Ohio River Partners LLC On June 16, 2017, we, through Ohio River Partners Shareholder LLC (“ORP”), a consolidated subsidiary, purchased the assets of Long Ridge which consisted primarily of land, buildings, railroad track, docks, water rights, site improvements and other rights. We purchased 100% of the interests in these assets. ORP is solely reliant on us to finance its activities and therefore is a VIE. We concluded that we were the primary beneficiary; accordingly, ORP has been presented on a consolidated basis in the accompanying financial statements. Cash and Cash Equivalents — We consider all highly liquid short-term investments with a maturity of 90 days or less when purchased to be cash equivalents. Restricted Cash — Restricted cash consists of prepaid interest and principal pursuant to the requirements of certain of our debt agreements (see Note 8 ), and funds set aside for the power plant construction at Long Ridge (see Note 5) and other qualifying construction projects at Jefferson Terminal. Inventory — Commodities inventory is carried at the lower of cost or net realizable value on our balance sheet. Commodities are removed from inventory based on the average cost at the time of sale. As of September 30, 2019 and December 31, 2018 , we had commodities inventory of $ 16.6 million and $ 10.4 million , respectively, which is included in Other assets in the Consolidated Balance Sheets. Deferred Financing Costs — Costs incurred in connection with obtaining long term financing are capitalized and amortized to interest expense over the term of the underlying loans. Unamortized deferred financing costs of $ 21.2 million and $14.5 million as of September 30, 2019 and December 31, 2018 , respectively, are recorded as a component of debt in the Consolidated Balance Sheets. We also have unamortized deferred revolver fees related to our revolving debt of $ 19.1 million and $ 1.5 million as of September 30, 2019 and December 31, 2018 , respectively, which are included in Other assets in the Consolidated Balance Sheets. Amortization expense was $ 2.0 million an d $1.7 million for the three months ended September 30, 2019 and 2018 , respectively, and $ 6.0 million and $ 4.2 million for the nine months ended September 30, 2019 and 2018 , respectively, and is included in interest expense in the Consolidated Statements of Operations. Revenue Recognition Equipment Leasing Revenues Operating Leases —We lease equipment pursuant to net operating leases. Operating leases with fixed rentals and step rentals are recognized on a straight-line basis over the term of the lease, assuming no renewals. Revenue is not recognized when collection is not reasonably assured. When collectability is not reasonably assured, the customer is placed on non-accrual status and revenue is recognized when cash payments are received. Generally, under our aircraft lease and engine agreements, the lessee is required to make periodic maintenance payments calculated based on the lessee’s utilization of the leased asset or at the end of the lease. Typically, under our aircraft lease agreements, the lessee is responsible for maintenance, repairs and other operating expenses throughout the term of the lease. These periodic maintenance payments accumulate over the term of the lease to fund major maintenance events, and we are contractually obligated to return maintenance payments to the lessee up to the amount paid by the lessee. In the event the total cost of maintenance events over the term of a lease is less than the cumulative maintenance payments, we are not required to return any unused or excess maintenance payments to the lessee. Maintenance payments received for which we expect to repay to the lessee are presented as Maintenance Deposits in our Consolidated Balance Sheets. All excess maintenance payments received that we do not expect to repay to the lessee are recorded as Maintenance revenues. Finance Leases —From time to time we enter into finance lease arrangements that include a lessee obligation to purchase the leased equipment at the end of the lease term, a bargain purchase option, or provides for minimum lease payments with a present value that equals or exceeds substantially all of the fair value of the leased equipment at the date of lease inception. Net investment in finance lease represents the minimum lease payments due from lessee, net of unearned income. The lease payments are segregated into principal and interest components similar to a loan. Unearned income is recognized on an effective interest method over the lease term and is recorded as finance lease income. The principal component of the lease payment is reflected as a reduction to the net investment in finance leases. Revenue is not recognized when collection is not reasonably assured. When collectability is not reasonably assured, the customer is placed on non-accrual status and revenue is recognized when cash payments are received. Infrastructure Revenues Rail Revenues —Rail revenues generally consist of the following performance obligations: freight movement, demurrage, unloading and switching. Freight movement revenues are recognized proportionally based on distance as freight is transported from origin to destination. Accordingly, freight movement revenue is recognized over time with progress measured based on distance transpired, i.e., as the services are rendered and the customer simultaneously receives and consumes the benefit over time. Demurrage, unloading and switching are recognized in other miscellaneous rail revenues, for which demurrage progress is measured over time, and unloading and switching revenues are measured at a point in time as the service is rendered. Terminal Services Revenues —Terminal services are provided to customers for the receipt and redelivery of various commodities. These revenues are recognized over time, i.e., as the services are rendered and the customer simultaneously receives and consumes the benefit over time. Lease Income —Lease income consists of rental income from tenants for storage space. Lease income is recognized on a straight-line basis over the term s of the relevant lease agreement. Crude Marketing Revenues —Crude marketing revenues consists of marketing revenue related to Canadian crude oil. The revenues are recognized over time, i.e., as the services are rendered and the customer simultaneously receives and consumes the benefit over time. Other Revenue —Other revenue primarily consists of revenue related to the handling, storage and sale of raw materials. Other revenue consists of two performance obligations: handling and storage of raw materials. The revenues are recognized over time, i.e., as the services are rendered and the customer simultaneously receives and consumes the benefit over time. Payment terms for Infrastructure Revenues are generally short term in nature. Leasing Arrangements — At contract inception, we evaluate whether an arrangement is or contains a lease for which we are the lessee (that is, arrangements which provide us with the right to control a physical asset for a period of time). Operating lease right-of-use (“ROU”) assets and lease liabilities are recognized in Operating lease right-of-use assets, net and Operating lease liabilities in our Consolidated Balance Sheets, respectively. Finance lease ROU assets are recognized in Property, plant and equipment, net and lease liabilities are recognized in Other liabilities in our Consolidated Balance Sheets. All lease liabilities are measured at the present value of the unpaid lease payments, discounted using our incremental borrowing rate based on the information available at commencement date of the lease. ROU assets , for both operating and finance leases , are initially measured based on the lease liability, adjusted for prepaid rent and lease incentives. ROU assets are subsequently measured at the carrying amount of the lease liability adjusted for prepaid or accrued lease payments and lease incentives. The finance lease ROU assets are subsequently amortized using the straight-line method. Operating lease expenses are recognized on a straight-line basis over the lease term. With respect to finance leases, amortization of the ROU asset is presented separately from interest expense related to the finance lease liability. Variable lease payments, which are primarily based on usage, are recognized when the associated activity occurs. We have elected to combine lease and non-lease components for all lease contracts where we are the lessee. Additionally, for arrangements with lease terms of 12 months or less, we do not recognize ROU assets, and lease liabilities and lease payments are recognized on a straight-line basis over the lease term with variable lease payments recognized in the period in which the obligation is incurred . Concentration of Credit Risk — We are subject to concentrations of credit risk with respect to amounts due from customers on our finance leases and operating leases. We attempt to limit our credit risk by performing ongoing credit evaluations. During the three months ended September 30, 2019 and 2018 and the nine months ended September 30, 2019 , one customer in the Jefferson Terminal segment accounted for approximately 17 %, 15% and 19% of total revenue, respectively. There were no customers with a revenue concentration over 10% of total revenue during the nine months ended September 30, 2018 . As of September 30, 2019 , accounts receivable from one customer in the Jefferson Terminal segment represented 12 % of total accounts receivable, net. As of December 31, 2018 , accounts receivable from two customers in the Jefferson Terminal segment each represented 17% and 15% of total accounts receivable, net. We maintain cash and restricted cash balances, which generally exceed federally insured limits, and subject us to credit risk, in high credit quality financial institutions. We monitor the financial condition of these institutions and have not experienced any losses associated with these accounts. Provision for Doubtful Accounts — We determine the provision for doubtful accounts based on our assessment of the collectability of our receivables on a customer-by-customer basis. The provision for doubtful accounts at September 30, 2019 and December 31, 2018 was $ 1.2 million and $1.1 million , respectively. Bad debt expense was $ 0.1 million and $0.1 million for the three months ended September 30, 2019 and 2018 , respectively, and $ 3.1 million and $ 1.6 million for the nine months ended September 30, 2019 and 2018 , respectively, and is included in operating expenses in the Consolidated Statements of Operations. Comprehensive Income (Loss) — Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances, excluding those resulting from investments by and distributions to owners. Our comprehensive income (loss) represents net income (loss), as presented in the Consolidated Statements of Operations, adjusted for fair value changes related to derivatives accounted for as cash flow hedges. Derivative Financial Instruments Electricity Derivatives— We enter into derivative contracts as part of a risk management program to mitigate price risk associated with certain electricity price exposures. We primarily use swap derivative contracts, which are agreements to buy or sell a quantity of electricity at a predetermined future date and at a predetermined price. Cash Flow Hedges Certain of these derivative instruments are designated and qualify as cash flow hedges. The derivative's gain or loss is reported as a component of Other comprehensive income (loss) and recorded in Accumulated other comprehensive income in our Consolidated Balance Sheets. The gain or loss is subsequently reclassified into the income statement line item that is impacted by the forecasted transaction when the forecasted transaction affects net earnings. Derivatives Not Designated As Hedging Instruments Certain of these derivative instruments are not designated as hedging instruments for accounting purposes. The change in fair value of these contracts is recognized in Other income (expense) in the Consolidated Statements of Operations. The cash flow impact of derivative contracts that are not designated as hedging instruments is recognized in Change in fair value of non-hedge derivatives in our Consolidated Statements of Cash Flows. Commodity Derivatives— We also enter into short-term and long-term crude forward contracts. Gains and losses related to our crude sales and purchase derivatives are recorded on a gross basis and are included in Crude marketing revenues and Operating expenses, respectively, in our Consolidated Statements of Operations. See Note 10 for additional details. The cash flow impact of these derivatives is recognized in Change in fair value of non-hedge derivatives in our Consolidated Statements of Cash Flows. All of our outstanding derivatives are not used for speculative purposes. We record all derivative assets and liabilities on a gross basis at fair value and are included in Other assets and Other liabilities, respectively, in our Consolidated Balance Sheets. Other Assets— Other assets is primarily comprised of commodities inventory of $ 16.6 million and $10.4 million , purchase deposits for acquisitions of $ 31.3 million and $10.2 million , lease incentives of $ 52.4 million and $51.0 million , deferred revolver fees, net of amortization of $ 19.1 million and $ 1.5 million , prepaid expenses of $ 14.3 million and $8.2 million , derivative assets of $ 31.9 million and $ 7.5 million and notes receivable of $ 18.8 million and $ 0.0 million as of September 30, 2019 and December 31, 2018 , respectively. Dividends— Dividends are recorded if and when declared by the Board of Directors. For both the three and nine months ended September 30, 2019 and 2018 , the Board of Directors declared a cash dividend of $0.33 and $0.99 per common share, respectively, Recent Accounting Pronouncements — In February 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-02, Leases (and subsequently issued ASU 2018-01, ASU 2018-10, ASU 2018-11, ASU 2018-20 and ASU 2019-01, collectively, “ASU 2016-02”). ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. On January 1, 2019, we adopted ASU 2016-02 using the modified retrospective approach. We utilized the effective date transition method and accordingly are not required to adjust our comparative period financial information for effects of ASU 2016-02. We have elected to adopt the ‘package of practical expedients’ which permits us not to reassess under the new standard our prior conclusions about lease identification (including land easements), lease classification and initial direct costs. The adoption of ASU 2016-02 resulted in the recognition of ROU assets and lease liabilities of approximately $ 46 million in our Consolidated Balance Sheets as of January 1, 2019. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities , which improves the financial reporting of hedging relationships to better represent the economic results of an entity’s risk management activities in its financial statements and make certain improvements to simplify the application of the hedge accounting guidance. The amendments will make more financial and nonfinancial hedging strategies eligible for hedge accounting, amend the presentation and disclosure requirements and change how entities assess effectiveness. Entities are required to apply the amendments as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period after adoption. On January 1, 2019, we adopted this standard and it did not have an impact on our consolidated financial statements as we did not have any hedging relationships prior to adoption. In June 2018, the FASB, issued ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting to simplify the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments to employees, with certain exceptions. The new guidance expands the scope of Accounting Standards Codification (“ASC”) 718 to include share-based payments granted to nonemployees in exchange for goods or services used or consumed in an entity’s own operations and supersedes the guidance in ASC 505-50. On January 1, 2019, we adopted this standard and it did not have an impact on our consolidated financial statements. Unadopted Accounting Pronouncements — In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). ASU 2017-04 addresses concerns over the cost and complexity of the two-step goodwill impairment test by removing the second step of the test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. ASU 2017-01 will be effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. We are currently evaluating the impact of adopting this new guidance on our consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement . This ASU eliminates, adds and modifies certain disclosure requirements for fair value measurements as part of its disclosure framework project. The guidance is effective for all entities in fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, and early adoption is permitted. We are currently evaluating the impact of adopting this new guidance on our consolidated financial statements.

LEASING EQUIPMENT, NET

LEASING EQUIPMENT, NET	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
LEASING EQUIPMENT, NET	LEASING EQUIPMENT, NET Leasing equipment, net is summarized as follows: September 30, 2019 December 31, 2018 Leasing equipment $ 1,787,431 $ 1,672,156 Less: accumulated depreciation (288,752 ) (239,946 ) Leasing equipment, net $ 1,498,679 $ 1,432,210 During the nine months ended September 30, 2019 , we acquired 14 aircraft and 24 commercial engines, sold five aircraft and 37 commercial engines, and recognized a net gain on sale of approximately $61.4 million . Depreciation expense for leasing equipment is summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Depreciation expense for leasing equipment $ 36,034 $ 28,249 $ 103,080 $ 78,719

FINANCE LEASES, NET

FINANCE LEASES, NET	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
FINANCE LEASES, NET	FINANCE LEASES, NET Finance leases, net are summarized as follows: September 30, 2019 December 31, 2018 Finance leases $ 13,138 $ 28,476 Unearned revenue (4,518 ) (9,853 ) Finance leases, net $ 8,620 $ 18,623 During the nine months ended September 30, 2019 , we completed the sales-type leases for three of our airframes. Additionally, we received insurance proceeds for one of our vessels which was on nonaccrual status due to a casualty event. The insurance proceeds were in excess of the book value of the finance lease, which was written down to zero, and we recognized a gain of approximately $ 1.0 million

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net is summarized as follows: September 30, 2019 December 31, 2018 Land, site improvements and rights $ 74,660 $ 75,028 Construction in progress (1) 412,829 253,239 Buildings and improvements 15,626 14,514 Terminal machinery and equipment 426,165 349,227 Proved oil and gas properties 37,451 20,099 Track and track related assets 42,833 42,349 Railroad equipment 5,636 5,383 Railcars and locomotives 4,682 4,513 Computer hardware and software 3,831 3,806 Furniture and fixtures 805 572 Vehicles 2,173 1,636 1,026,691 770,366 Less: accumulated depreciation (83,158 ) (63,032 ) Spare parts 1,519 1,519 Property, plant and equipment, net $ 945,052 $ 708,853 ________________________________________________________ (1) Includes unproved oil and gas properties of $ 58,359 and $ 59,930 as of September 30, 2019 and December 31, 2018 , respectively. During the nine months ended September 30, 2019 , we added property, plant and equipment of $ 256.3 million , which primarily consists of terminal machinery and equipment placed in service or under development at Jefferson Terminal and Repauno, and assets under development at Jefferson Terminal and Long Ridge, including a power plant under construction. Depreciation expense for property, plant and equipment is summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Depreciation expense for property, plant and equipment $ 6,822 $ 5,273 $ 20,117 $ 15,435 Construction of Power Plant at Long Ridge Construction Agreements On February 15, 2019, our subsidiary, Long Ridge Energy Generation LLC (“LREG”), entered into an engineering, procurement and construction agreement (the “EPC Agreement”) with Kiewit Power Constructors Co. to construct a 485 megawatt natural gas fired, combined cycle power plant at Long Ridge Energy Terminal. Additionally, on February 15, 2019, LREG entered into an agreement for the purchase of power generation equipment and related services (the “PIE Agreement”) with General Electric Company (“GE”) to acquire equipment and related services to be utilized at the power plant, including one combustion turbine, one condensing steam turbine, one hydrogen-cooled generator, one heat-recovery steam generator and related items. The aggregate value of the EPC Agreement and the PIE Agreement is approximately $ 430 million . Credit Agreements On February 15, 2019, LREG and two other subsidiaries (collectively, "Co-Borrowers") entered into certain credit agreements establishing (i) a $ 445 million construction loan and term loan, (ii) a $ 154 million letter of credit facility and (iii) a $ 143 million construction loan and term loan, all of which will be used for the purposes of funding the development, construction and completion of the power plant. The interest costs incurred under these credit agreements for qualifying expenditures under construction are capitalized and included in the cost of the asset. Interest capitalization ceases once the asset is substantially complete or no longer undergoing activities to prepare it for its intended use. See Note 8 for additional information related to the credit agreements. Fixed Price Power Agreements In connection with the construction of the power plant, LREG entered into fixed price power agreements for 457 megawatts of electric power. The agreements become effective on February 1, 2022, with 207 megawatts having a term of ten years and 250 megawatts having a term of seven years . Under the terms of the agreements, which are accounted for as derivatives, LREG receives a weighted average fixed price of $27.30 per megawatt hour and pays a variable price equal to the ELECTRICITY-PJM-AEP/DAYTON HUB-DAY AHEAD price. See Note 10 for additional information related to the fixed price power agreements.

INVESTMENTS

INVESTMENTS	9 Months Ended
	Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS	INVESTMENTS The following table presents the ownership interests and carrying values of our investments: Carrying Value Investment Ownership Percentage September 30, 2019 December 31, 2018 Advanced Engine Repair JV Equity method 25% $ 25,153 $ 12,981 JGP Energy Partners LLC Equity method 50% 25,171 25,461 Intermodal Finance I, Ltd. Equity method 51% 785 2,118 Investments $ 51,109 $ 40,560 We did not recognize any other-than-temporary impairments for the three and nine months ended September 30, 2019 and 2018 . Equity Method Investments The following table presents our proportionate share of equity in income (losses): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Advanced Engine Repair JV $ (885 ) $ (192 ) $ (1,328 ) $ (542 ) JGP Energy Partners LLC (162 ) (363 ) (290 ) (450 ) Intermodal Finance I, Ltd. 73 113 91 394 Total $ (974 ) $ (442 ) $ (1,527 ) $ (598 ) Advanced Engine Repair JV In December 2016, we invested $15 million for 25% interest in an advanced engine repair joint venture. We focus on developing new costs savings programs for engine repairs. We exercise significant influence over this investment and account for this investment as an equity method investment. During August 2019, we expanded the scope of our joint venture and invested an additional $13.5 million and maintained a 25% interest. JGP In 2016, we initiated activities in a 50% non-controlling interest in JGP, a joint venture. JGP is governed by a designated operating committee selected by the members in proportion to their equity interests. JGP is solely reliant on its members to finance its activities and therefore is a variable interest entity. We concluded that we are not the primary beneficiary of JGP as the members share equally in the risks and rewards and decision making authority of the entity; therefore, we do not consolidate JGP and instead account for this investment in accordance with the equity method. Intermodal Finance I, Ltd. In 2012, we acquired a 51% non-controlling interest in Intermodal Finance I, Ltd. (“Intermodal”), a joint venture. Intermodal is governed by a board of directors, and its shareholders have voting rights through their equity interests. As such, Intermodal is not within the scope of ASC 810-20 and should be evaluated for consolidation under the voting interest model. Due to the existence of substantive participating rights of the 49% equity investor, including the joint approval of material operating and capital decisions, such as material contracts and capital expenditures consistent with ASC 810-10-25-11, we do not have unilateral rights over this investment; therefore, we do not consolidate Intermodal but account for this investment in accordance with the equity method. We do not have a variable interest in this investment as none of the criteria of ASC 810-10-15-14 were met. As of September 30, 2019 , Intermodal owns a portfolio of approximately 4,000

INTANGIBLE ASSETS AND LIABILITI

INTANGIBLE ASSETS AND LIABILITIES, NET	9 Months Ended
	Sep. 30, 2019
Intangible Assets and Liabilities Disclosure [Abstract]
INTANGIBLE ASSETS AND LIABILITIES, NET	INTANGIBLE ASSETS AND LIABILITIES, NET Intangible assets and liabilities, net are summarized as follows: September 30, 2019 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets Acquired favorable lease intangibles $ 49,533 $ — $ — $ 49,533 Less: Accumulated amortization (36,821 ) — — (36,821 ) Acquired favorable lease intangibles, net 12,712 — — 12,712 Customer relationships — 35,513 225 35,738 Less: Accumulated amortization — (18,043 ) (225 ) (18,268 ) Acquired customer relationships, net — 17,470 — 17,470 Total intangible assets, net $ 12,712 $ 17,470 $ — $ 30,182 Intangible liabilities Acquired unfavorable lease intangibles $ 4,235 $ — $ — $ 4,235 Less: Accumulated amortization (2,627 ) — — (2,627 ) Acquired unfavorable lease intangibles, net $ 1,608 $ — $ — $ 1,608 December 31, 2018 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets Acquired favorable lease intangibles $ 48,143 $ — $ — $ 48,143 Less: Accumulated amortization (29,780 ) — — (29,780 ) Acquired favorable lease intangibles, net 18,363 — — 18,363 Customer relationships — 35,513 225 35,738 Less: Accumulated amortization — (15,378 ) (210 ) (15,588 ) Acquired customer relationships, net — 20,135 15 20,150 Total intangible assets, net $ 18,363 $ 20,135 $ 15 $ 38,513 Intangible liabilities Acquired unfavorable lease intangibles $ 3,736 $ — $ — $ 3,736 Less: Accumulated amortization (2,114 ) — — (2,114 ) Acquired unfavorable lease intangibles, net $ 1,622 $ — $ — $ 1,622 Intangible liabilities relate to unfavorable lease intangibles and are included as a component of other liabilities in the Consolidated Balance Sheets. Amortization of intangible assets and liabilities is as follows: Classification in Consolidated Statements of Operations Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Lease intangibles Equipment leasing revenues $ 1,072 $ 2,087 $ 5,736 $ 6,143 Customer relationships Depreciation and amortization 888 900 2,680 2,699 Total $ 1,960 $ 2,987 $ 8,416 $ 8,842 As of September 30, 2019 , estimated net annual amortization of intangibles is as follows: Remainder of 2019 $ 3,242 2020 7,725 2021 6,745 2022 4,764 2023 3,720 Thereafter 2,378 Total $ 28,574

DEBT, NET

DEBT, NET	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
DEBT, NET	DEBT, NET Our debt, net is summarized as follows: September 30, 2019 December 31, 2018 Outstanding Borrowings Stated Interest Rate Maturity Date Outstanding Borrowings Loans payable FTAI Pride Credit Agreement (1) $ 43,056 LIBOR + 4.50% 9/16/2020 $ 47,743 CMQR Credit Agreement 23,275 (i) Adjusted LIBOR + 2.50% or 4.50%; or (ii) U.S. or Canadian Base Rate + 1.50% or 3.50%; or (iii) Canadian Fixed Rate + 2.50% or 4.50% 5/8/2022 22,265 Revolving Credit Facility (2) 30,000 (i) Base Rate + 2.00%; or (ii) Adjusted Eurodollar Rate + 3.00% 1/31/2022 100,000 Jefferson Revolver (2) 50,000 (i) Base Rate + 1.50%; or (ii) Base Rate + 2.50% (Eurodollar) 3/7/2021 49,805 DRP Revolver (3) 25,000 (i) Base Rate + 1.50%; or (ii) Base Rate + 2.50% (Eurodollar) 11/5/2021 — LREG Credit Agreement (4) 104,438 First Lien Credit Agreement: 7.30% LC Facility: Base Rate + 2.50% to 3.50% Second Lien Credit Agreement: Base Rate + 7.50% 2/15/2022 to 6/30/2028 — Total loans payable 275,769 219,813 Bonds payable Series 2012 Bonds (5) 41,080 8.25% 7/1/2032 42,797 Series 2016 Bonds (6) 144,200 7.25% 2/1/2036 144,200 Senior Notes due 2022 (7) 697,625 6.75% 3/15/2022 549,405 Senior Notes due 2025 (8) 444,780 6.50% 10/1/2025 295,642 Total bonds payable 1,327,685 1,032,044 Debt 1,603,454 1,251,857 Less: Debt issuance costs (21,192 ) (14,510 ) Total debt, net $ 1,582,262 $ 1,237,347 Total debt due within one year $ 189,066 $ 71,678 ________________________________________________________ (1) Secured on a first priority basis by the offshore vessel. (2) Requires a quarterly commitment fee at a rate of 0.50% on the average daily unused portion, as well as customary letter of credit fees and agency fees. (3) Requires a quarterly commitment fee at a rate of 0.875% on the average daily unused portion, as well as customary letter of credit fees and agency fees. (4) Requires a quarterly commitment fee on the average daily unused portion at a rate of 1.50% for the First Lien Credit Agreement and LC Facility and 1.00% for the Second Lien Credit Agreement, as well as customary letter of credit fees and agency fees. (5) Includes unamortized premium of $ 1,530 and $1,577 at September 30, 2019 and December 31, 2018 , respectively. (6) These bonds have a stated maturity of February 1, 2036 but are subject to mandatory tender for purchase at par, by our subsidiary, on February 13, 2020 if they have not been repurchased from proceeds of a remarketing of the bonds or redeemed prior to such date. (7) Includes unamortized discount of $ 5,954 and $5,154 at September 30, 2019 and December 31, 2018 , respectively, and an unamortized premium of $ 3,579 and $4,559 at September 30, 2019 and December 31, 2018 , respectively. (8) Includes unamortized discount of $ 5,220 and $4,358 at September 30, 2019 and December 31, 2018 , respectively. Jefferson Revolver — On December 20, 2018, our subsidiary entered into an amendment to the Jefferson Revolver which temporarily increased the aggregate revolving commitments by $ 25 million from $ 50 million to $ 75 million . In July 2019, we repaid $ 23.0 million , and the aggregate revolving commitment reverted back to $ 50 million on August 1, 2019. Senior Notes due 2022 — On February 8, 2019, we issued an additional $ 150 million of Senior Notes (“2022 Notes”) at an offering price of 98.5% of the principal amount plus accrued interest from September 15, 2018. Revolving Credit Facility — On February 8, 2019, we entered into an amendment to the revolving credit facility (the “Revolving Credit Facility”). The amendment, among other things, (i) increased the aggregate revolving commitments by $ 125 million from $ 125 million to $ 250 million , (ii) extended the maturity date of the revolving loans and commitments to January 31, 2022 and (iii) made certain modifications to the financial covenants, including an increase in the maximum ratio of debt to total equity from 1.65 : 1.00 to 2.00 : 1.00 . On August 6, 2019, we entered into another amendment to the Revolving Credit Facility which, among other things, makes certain modifications to the financial covenants, including an increase in the maximum ratio of debt to total equity from 2.00 : 1.00 to 3.00 : 1.00 . LREG Credit Agreement — On February 15, 2019, LREG and two other subsidiaries, Ohio Gasco LLC, (“GasCo” and, together with LREG, the “Co-Borrowers”), and Ohio PP Holdco LLC (“Holdings”), entered into a First Lien Credit Agreement establishing (i) a $445 million construction loan (the “First Lien Construction Loans”) and term loan (the “First Lien Term Loans” and, together with the First Lien Construction Loans, the “First Lien Loan Facility”) credit facility for the purposes of funding the development, construction and completion of the power plant and the associated development, production and drilling of hydrocarbon interests (cumulatively, the “Project”), and (ii) a $154 million letter of credit facility, which is available to the Co-Borrowers solely to support any collateral posting obligations of the Co-Borrowers under certain fixed price power agreements related to the Project (the “LC Facility”). The LC Facility may be increased up to $179 million under certain circumstances as set forth in the First Lien Credit Agreement, with such additional amounts of letters of credit available to LREG solely in support of any collateral posting obligations in connection with a bid in the PJM capacity auction. As of September 30, 2019 , $121 million letters of credit have been provided to counterparties in accordance with the provisions of the LC Facility, leaving $33 million of remaining initial letter of credit capacity. The First Lien Construction Loans are available until the date on which, among other things, substantial completion of the Project is achieved (which is required to occur on or prior to June 1, 2022), at which point the First Lien Construction Loans then outstanding shall automatically convert to Term Loans (“Term Conversion”). Following Term Conversion, the First Lien Term Loans will commence amortization on a quarterly basis and will mature on December 31, 2027. The LC Facility will mature upon the earlier of (a) February 15, 2022, (b) the date the loans under the First Lien Loan Facility are accelerated or (c) the date of Term Conversion. Also on February 15, 2019, the Co-Borrowers and Holdings entered into a Second Lien Credit Agreement (the “Second Lien Credit Agreement” and, together with the First Lien Credit Agreement, the “Credit Agreements”) establishing a $ 143 million construction loan (the “Second Lien Construction Loans”) and term loan (the “Second Lien Term Loans” and, together with the Second Lien Construction Loans, the “Second Lien Loan Facility”) credit facility for the purposes of funding the development, construction and completion of the Project. The Co-Borrowers were required to borrow $ 71.5 million in Second Lien Construction Loans on February 15, 2019, with the remaining Second Lien Construction Loans required to be borrowed no later than February 15, 2020. Following Term Conversion, the Second Lien Construction Loans then outstanding will automatically convert to Second Lien Term Loans and will commence amortization on a quarterly basis and mature on June 30, 2028. The Co-Borrowers’ obligations under the First Lien Credit Agreement and the Second Lien Credit Agreement are guaranteed by the Co-Borrowers and Holdings and are secured by first priority security interests and second priority security interests, respectively, in all of the assets of the Co-Borrowers and Holdings. The borrowings under the Credit Agreements are not guaranteed by us and are non-recourse to us. CMQR Credit Agreement — On May 8, 2019, our subsidiary entered into an amendment to the CMQR Credit Agreement which extended the maturity date to May 8, 2022. Senior Notes due 2025 — On May 21, 2019, we issued an additional $150 million of Senior Notes (“2025 Notes”) at an offering price of 99.125% of the principal amount plus accrued interest from April 1, 2019. FTAI Pride Credit Agreement — On September 30, 2019, our subsidiary entered into an amendment to the FTAI Pride Credit Agreement which extended the maturity date to September 16, 2020. We were in compliance with all debt covenants as of September 30, 2019 .

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Fair value measurements and disclosures require the use of valuation techniques to measure fair value that maximize the use of observable inputs and minimize use of unobservable inputs. These inputs are prioritized as follows: • Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities. • Level 2: Inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities or market corroborated inputs. • Level 3: Unobservable inputs for which there is little or no market data and which require us to develop our own assumptions about how market participants price the asset or liability. The valuation techniques that may be used to measure fair value are as follows: • Market approach—Uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. • Income approach—Uses valuation techniques to convert future amounts to a single present amount based on current market expectations about those future amounts. • Cost approach—Based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). The following tables set forth our financial assets measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018 , by level within the fair value hierarchy. Assets measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement. Fair Value as of Fair Value Measurements Using Fair Value Hierarchy as of September 30, 2019 September 30, 2019 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 99,343 $ 99,343 $ — $ — Market Restricted cash 51,241 51,241 — — Market Derivative assets 31,939 — — 31,939 Income Total assets $ 182,523 $ 150,584 $ — $ 31,939 Liabilities Derivative liabilities $ (147 ) $ — $ — $ (147 ) Income Total liabilities $ (147 ) $ — $ — $ (147 ) Fair Value as of Fair Value Measurements Using Fair Value Hierarchy as of December 31, 2018 December 31, 2018 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 99,601 $ 99,601 $ — $ — Market Restricted cash 21,236 21,236 — — Market Derivative assets 7,470 — — 7,470 Income Total $ 128,307 $ 120,837 $ — $ 7,470 Liabilities Derivative liabilities $ (925 ) $ — $ — $ (925 ) Income Total liabilities $ (925 ) $ — $ — $ (925 ) The fair value of our electricity derivative liabilities and commodity derivative assets and liabilities classified as Level 3 measurements are estimated by applying the income approach, which is based on discounted projected future cash flows. The valuation of our electricity derivatives is based on management’s best estimate of certain key assumptions, which include extrapolated power forward curves for periods with unobservable market pricing, credit valuation adjustments utilizing estimated cash flows, estimated price volatility and probability of default, and the discount rate. The valuation of our commodity derivatives is based on management’s best estimate of certain key assumptions, which include an estimated differential factor for varying quality of commodity and the discount rate. Our cash and cash equivalents and restricted cash consist largely of demand deposit accounts with maturities of 90 days or less when purchased that are considered to be highly liquid. These instruments are valued using inputs observable in active markets for identical instruments and are therefore classified as Level 1 within the fair value hierarchy. Except as discussed below, our financial instruments other than cash and cash equivalents and restricted cash consist principally of accounts receivable, accounts payable and accrued liabilities, loans payable, bonds payable, security deposits, maintenance deposits and management fees payable, whose fair value approximates their carrying value based on an evaluation of pricing data, vendor quotes, and historical trading activity or due to their short maturity profiles. The fair value of our bonds and notes payable reported as debt, net in the Consolidated Balance Sheets are presented in the table below: September 30, 2019 December 31, 2018 Series 2012 Bonds (1) $ 41,545 $ 42,633 Series 2016 Bonds (1) 147,261 149,582 Senior Notes due 2022 732,774 551,144 Senior Notes due 2025 463,455 283,965 ________________________________________________________ (1) Fair value is based upon market prices for similar municipal securities. The fair value of all other items reported as debt, net in the Consolidated Balance Sheet approximate their carrying values due to their bearing market rates of interest, and are classified as Level 2 within the fair value hierarchy.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS Electricity Derivatives We are subject to electricity price volatility stemming from the anticipated sales of electricity from our Long Ridge power generation plant under construction. From time to time, we enter into electricity swap agreements to manage our exposure to electricity price fluctuations. Certain derivatives are designated as hedging instruments within cash flow hedging relationships and certain other derivatives are not designated as hedging instruments. Commodity Derivatives Depending on market conditions, we source crude oil from producers in Canada, arranging logistics to Jefferson Terminal and marketing crude oil to third parties. These crude oil forward purchase and sales contracts are not designated in hedging relationships. The following table presents information related to our outstanding derivative contracts: Notional Amount Fair Value of Assets (1) Fair Value of Liabilities (1) Term September 30, 2019 Derivatives Designated in Cash Flow Hedges: Electricity swaps (MWh) 29,278 $ 29,378 $ — 7 to 10 years Non-hedge Derivative Instruments: Electricity swaps (MWh) 4,207 $ 1,873 $ — 7 to 10 years Crude oil forwards (BBL) 529 688 (147 ) 1 to 3 months December 31, 2018 Derivatives Designated in Cash Flow Hedges: Electricity swaps (MWh) — $ — $ — N/A Non-hedge Derivative Instruments: Electricity swaps (MWh) — $ — $ — N/A Crude oil forwards (BBL) 3,225 7,470 (925 ) 1 to 12 months ________________________________________________________ (1) Included in Other assets and Other liabilities, respectively, in our Consolidated Balance Sheets. The following table presents a summary of the changes in fair value for all Level 3 derivatives: Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Electricity Swaps Crude Oil Forwards Total Electricity Swaps Crude Oil Forwards Total Beginning Balance $ 42,761 $ 4,277 $ 47,038 $ — $ 6,545 $ 6,545 Net unrealized (losses) gains recognized in earnings (644 ) (3,736 ) (4,380 ) 1,873 (6,003 ) (4,130 ) (Losses) gains recognized in other comprehensive income (10,866 ) — (10,866 ) 29,378 (1) — 29,378 Purchases — — — — 314 314 Sales — — — — (854 ) (854 ) Settlements — — — — 539 539 Ending Balance $ 31,251 $ 541 $ 31,792 $ 31,251 $ 541 $ 31,792 ________________________________________________________ (1) We entered this contract during the nine months ended September 30, 2019. There were no transfers into or out of Level 3 during the periods presented. The following table presents pretax gains and losses on our derivative contracts: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Electricity Swaps: (Losses) gains recognized in other comprehensive income before reclassifications $ (10,866 ) $ — $ 29,378 $ — Gains (losses) reclassified from accumulated other comprehensive income — — — — (Losses) gains recognized in earnings (644 ) — 1,873 — Crude Oil Forwards: Losses recognized in earnings $ (3,736 ) $ (385 ) $ (6,003 ) $ (567 ) As of September 30, 2019 , we do not expect any gains or losses on our electricity swaps to be reclassified into revenue in the next 12 months. As of September 30, 2019 , the maximum length of time over which we are hedging forecasted electricity sales is 13 years .

REVENUES

REVENUES	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES We disaggregate our revenue from contracts with customers by products and services provided for each of our segments, as we believe it best depicts the nature, amount, timing and uncertainty of our revenue. Revenues attributed to our Equipment Leasing business unit are within the scope of ASC 840 prior to January 1, 2019 and ASC 842 after January 1, 2019, while revenues attributed to our Infrastructure business unit are within the scope of ASC 606, unless otherwise noted. Under the provisions of ASC 842, we have elected to exclude sales and other similar taxes from lease payments in arrangements where we are a lessor. Three Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Equipment leasing revenues Lease income $ 50,169 $ — $ — $ — $ 666 $ 50,835 Maintenance revenue 35,426 — — — — 35,426 Finance lease income 496 — — — — 496 Other revenue 214 — — — 288 502 Total equipment leasing revenues 86,305 — — — 954 87,259 Infrastructure revenues Lease income — 627 — 249 — 876 Rail revenues — — 10,251 — — 10,251 Terminal services revenues — 9,505 — 2,330 — 11,835 Crude marketing revenues — 50,405 — — — 50,405 Other revenue — — — 1,595 — 1,595 Total infrastructure revenues — 60,537 10,251 4,174 — 74,962 Total revenues $ 86,305 $ 60,537 $ 10,251 $ 4,174 $ 954 $ 162,221 Three Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Equipment leasing revenues Lease income $ 41,040 $ — $ — $ — $ 582 $ 41,622 Maintenance revenue 27,575 — — — — 27,575 Finance lease income 800 — — — 364 1,164 Other revenue 376 — — — 153 529 Total equipment leasing revenues 69,791 — — — 1,099 70,890 Infrastructure revenues Lease income — — — 273 — 273 Rail revenues — — 8,907 — — 8,907 Terminal services revenues — 2,522 — — — 2,522 Crude marketing revenues — 15,227 — — — 15,227 Other revenue — 87 — 3,249 — 3,336 Total infrastructure revenues — 17,836 8,907 3,522 — 30,265 Total revenues $ 69,791 $ 17,836 $ 8,907 $ 3,522 $ 1,099 $ 101,155 Nine Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Equipment leasing revenues Lease income $ 146,203 $ — $ — $ — $ 5,756 $ 151,959 Maintenance revenue 82,572 — — — — 82,572 Finance lease income 2,203 — — — — 2,203 Other revenue 719 — — — 1,458 2,177 Total equipment leasing revenues 231,697 — — — 7,214 238,911 Infrastructure revenues Lease income — 1,756 — 869 — 2,625 Rail revenues — — 30,735 — — 30,735 Terminal services revenues — 21,909 — 5,176 — 27,085 Crude marketing revenues — 140,388 — — — 140,388 Other revenue — — — 6,109 — 6,109 Total infrastructure revenues — 164,053 30,735 12,154 — 206,942 Total revenues $ 231,697 $ 164,053 $ 30,735 $ 12,154 $ 7,214 $ 445,853 Nine Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Equipment leasing revenues Lease income $ 109,663 $ — $ — $ — $ 4,699 $ 114,362 Maintenance revenue 67,000 — — — — 67,000 Finance lease income 1,047 — — — 1,096 2,143 Other revenue 934 — — — 1,565 2,499 Total equipment leasing revenues 178,644 — — — 7,360 186,004 Infrastructure revenues Lease income — — — 1,072 — 1,072 Rail revenues — — 28,742 — — 28,742 Terminal services revenues — 6,325 — — — 6,325 Crude marketing revenues — 15,227 — — — 15,227 Other revenue — 87 — 4,521 — 4,608 Total infrastructure revenues — 21,639 28,742 5,593 — 55,974 Total revenues $ 178,644 $ 21,639 $ 28,742 $ 5,593 $ 7,360 $ 241,978 Presented below are the contracted minimum future annual revenues to be received under existing operating and finance leases across several market sectors as of September 30, 2019 : Operating Leases Finance Leases Remainder of 2019 $ 53,631 $ 446 2020 141,446 1,611 2021 102,367 1,291 2022 65,415 897 2023 44,061 273 Thereafter 40,271 — Total $ 447,191 $ 4,518

LEASES

LEASES	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
LEASES	LEASES We have commitments as lessees under lease arrangements primarily for real estate, equipment and vehicles. Our leases have remaining lease terms ranging from 2 months to 46 years. The following table presents lease related costs: Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Finance Leases Amortization of right-of-use assets $ 50 $ 149 Interest on lease liabilities 26 85 Finance lease expense 76 234 Operating lease expense 2,556 7,605 Short-term lease expense 612 2,344 Variable lease expense 578 1,475 Sublease income (279 ) (833 ) Total lease expense $ 3,543 $ 10,825 The following table presents information related to our operating leases as of and for the nine months ended September 30, 2019 : Right-of-use assets, net $ 42,590 Lease liabilities 43,036 Weighted average remaining lease term 36.4 years Weighted average incremental borrowing rate 7.1 % Cash paid for amounts included in the measurement of operating lease liabilities Operating cash flows $ 7,570 The following table presents future minimum lease payments under non-cancellable operating leases as of September 30, 2019 : Remainder of 2019 $ 2,446 2020 6,190 2021 4,820 2022 4,067 2023 3,150 Thereafter 108,029 Total undiscounted lease payments 128,702 Less: Imputed interest 85,666 Total lease liabilities $ 43,036 During the nine months ended September 30, 2019, we entered into lease agreements for real estate and office equipment that had a ROU asset value of $ 1.4 million and lease terms ranging from 5 years to 46 years at commencement. As of September 30, 2019 , we have an agreement for an office lease that has not yet commenced which we estimate will have a ROU asset value of $ 0.8 million . The lease is expected to commence in the fourth quarter of 2019 and has a lease term of seven years .

EQUITY-BASED COMPENSATION

EQUITY-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
EQUITY-BASED COMPENSATION	EQUITY-BASED COMPENSATION In 2015, we established a Nonqualified Stock Option and Incentive Award Plan (“Incentive Plan”) which provides for the ability to award equity compensation awards in the form of stock options, stock appreciation rights, restricted stock, and performance awards to eligible employees, consultants, directors, and other individuals who provide services to us, each as determined by the Compensation Committee of the Board of Directors. As of September 30, 2019 , the Incentive Plan provides for the issuance of up to 30 million shares. We account for equity-based compensation expense in accordance with ASC 718 Compensation-Stock Compensation and is reported within operating expenses and general and administrative in the Consolidated Statements of Operations. The Consolidated Statements of Operations includes the following expense related to our stock-based compensation arrangements: Three Months Ended September 30, Nine Months Ended September 30, Remaining Expense To Be Recognized, If All Vesting Conditions Are Met Weighted Average Remaining Contractual Term, (in years) 2019 2018 2019 2018 Stock Options $ — $ — $ — $ 9 $ — 9.0 Restricted Shares 273 89 819 269 1,322 1.1 Common Units 403 143 785 391 3,369 1.3 Total $ 676 $ 232 $ 1,604 $ 669 $ 4,691 During the nine months ended September 30, 2019 , the Manager transferred 165,268 of its options to certain of the Manager’s employees. Options In connection with our September 2019 offering of preferred shares (see Note 17), we granted options to the Manager related to 575,384 common shares at an exercise price of $ 14.99 , which had a grant date fair value of $ 0.7 million . The assumptions used in valuing the options were: a 1.45% risk-free rate, a 8.02% dividend yield, a 21.45% volatility and a ten-year term. Common Units During the nine months ended September 30, 2019 , we issued 1,110,000 common units of our subsidiaries that had a grant date fair value of $ 3.4 million and vest over three years . These awards are subject to continued employment, and the compensation expense is recognized ratably over the vesting periods. The fair value of these awards was based on the fair value of the operating subsidiary on each grant date, which was estimated using a discounted cash flow analysis that requires the application of discount factors and terminal multiples to projected cash flows. Discount factors and terminal multiples were based on market-based inputs and transactions, as available at the measurement date. Restricted Shares During the nine months ended September 30, 2019 , we issued 113,121 restricted shares of our subsidiary that had a grant date fair value of $ 1.5 million , of which 25,138 shares vested during the period of issuance. The remaining shares vest over three years , subject to continued employment, and the compensation expense is recognized ratably over the vesting periods. The fair value of these awards was based on the fair value of the operating subsidiary on each grant date, which was estimated using a discounted cash flow analysis that requires the application of discount factors and terminal multiples to projected cash flows. Discount factors and terminal multiples were based on market-based inputs and transactions, as available at the measurement date.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The current and deferred components of the income tax (benefit) provision included in the Consolidated Statements of Operations are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Current: Federal $ 16 $ 22 $ 86 $ 193 State and local 87 12 195 43 Foreign (17 ) (3 ) 143 47 Total current provision 86 31 424 283 Deferred: Federal — 419 (1,760 ) 1,096 State and local — 62 (639 ) 162 Foreign 918 39 1,133 39 Total deferred (benefit) provision 918 520 (1,266 ) 1,297 Total (benefit) provision for income taxes $ 1,004 $ 551 $ (842 ) $ 1,580 We are taxed as a flow-through entity for U.S. income tax purposes and our taxable income or loss generated is the responsibility of our owners. Taxable income or loss generated by our corporate subsidiaries is subject to U.S. federal, state and foreign corporate income tax in locations where they conduct business. Our effective tax rate differs from the U.S. federal tax rate of 21% primarily due to a significant portion of our income not being subject to U.S. corporate tax rates, or being deemed to be foreign sourced and thus either not taxable or taxable at effectively lower tax rates. As of and for the nine months ended September 30, 2019 , we had not established a liability for uncertain tax positions as no such positions existed. In general, our tax returns and the tax returns of our corporate subsidiaries are subject to U.S. federal, state, local and foreign income tax examinations by tax authorities. Generally, we are not subject to examination by taxing authorities for tax years prior to 2015. We do not believe that it is reasonably possible that the total amount of unrecognized tax benefits will significantly change within 12 months of the reporting date of September 30, 2019 . The change in our effective tax rate and resulting tax benefit for the period ended September 30, 2019 is primarily driven by the reduction in taxes for one of our corporate subsidiaries as a result of an internal restructuring.

MANAGEMENT AGREEMENT AND AFFILI

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS The Manager is paid annual fees in exchange for advising us on various aspects of our business, formulating our investment strategies, arranging for the acquisition and disposition of assets, arranging for financing, monitoring performance, and managing our day-to-day operations, inclusive of all costs incidental thereto. In addition, the Manager may be reimbursed for various expenses incurred by the Manager on our behalf, including the costs of legal, accounting and other administrative activities. Additionally, we have entered into certain incentive allocation arrangements with Master GP, which owns approximately 0.05% of the Partnership and is the general partner of the Partnership. The Manager is entitled to a management fee, incentive allocations (comprised of income incentive allocation and capital gains incentive allocation, defined below) and reimbursement of certain expenses. The management fee is determined by taking the average value of total equity (excluding non-controlling interests) determined on a consolidated basis in accordance with GAAP at the end of the two most recently completed months multiplied by an annual rate of 1.50% , and is payable monthly in arrears in cash. The income incentive allocation is calculated and distributable quarterly in arrears based on the pre-incentive allocation net income for the immediately preceding calendar quarter (the “Income Incentive Allocation”). For this purpose, pre-incentive allocation net income means, with respect to a calendar quarter, net income attributable to shareholders during such quarter calculated in accordance with GAAP excluding our pro rata share of (1) realized or unrealized gains and losses, and (2) certain non-cash or one-time items, and (3) any other adjustments as may be approved by our independent directors. Pre-incentive allocation net income does not include any Income Incentive Allocation or Capital Gains Incentive Allocation (described below) paid to the Master GP during the relevant quarter. A subsidiary of ours allocates and distributes to the Master GP an Income Incentive Allocation with respect to its pre-incentive allocation net income in each calendar quarter as follows: (1) no Income Incentive Allocation in any calendar quarter in which pre-incentive allocation net income, expressed as a rate of return on the average value of our net equity capital (excluding non-controlling interests) at the end of the two most recently completed calendar quarters, does not exceed 2% for such quarter ( 8% annualized); (2) 100% of pre-incentive allocation net income with respect to that portion of such pre-incentive allocation net income, if any, that is equal to or exceeds 2% but does not exceed 2.2223% for such quarter; and (3) 10% of the amount of pre-incentive allocation net income, if any, that exceeds 2.2223% for such quarter. These calculations will be prorated for any period of less than three months. Capital Gains Incentive Allocation is calculated and distributable in arrears as of the end of each calendar year and is equal to 10% of our pro rata share of cumulative realized gains from the date of the IPO through the end of the applicable calendar year, net of our pro rata share of cumulative realized or unrealized losses, the cumulative non-cash portion of equity-based compensation expenses and all realized gains upon which prior performance-based Capital Gains Incentive Allocation payments were made to the Master GP. The following table summarizes the management fees, income incentive allocation and capital gains incentive allocation: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Management fees $ 3,642 $ 3,866 $ 10,817 $ 11,527 Income incentive allocation — — — — Capital gains incentive allocation 3,736 (20 ) 6,109 553 Total $ 7,378 $ 3,846 $ 16,926 $ 12,080 We pay all of our operating expenses, except those specifically required to be borne by the Manager under the Management Agreement. The expenses required to be paid by us include, but are not limited to, issuance and transaction costs incident to the acquisition, disposition and financing of our assets, legal and auditing fees and expenses, the compensation and expenses of our independent directors, the costs associated with the establishment and maintenance of any credit facilities and other indebtedness of ours (including commitment fees, legal fees, closing costs, etc.), expenses associated with other securities offerings of ours, costs and expenses incurred in contracting with third parties (including affiliates of the Manager), the costs of printing and mailing proxies and reports to our shareholders, costs incurred by the Manager or its affiliates for travel on our behalf, costs associated with any computer software or hardware that is used for us, costs to obtain liability insurance to indemnify our directors and officers and the compensation and expenses of our transfer agent. We pay or reimburse the Manager and its affiliates for performing certain legal, accounting, due diligence tasks and other services that outside professionals or outside consultants otherwise would perform, provided that such costs and reimbursements are no greater than those which would be paid to outside professionals or consultants. The Manager is responsible for all of its other costs incident to the performance of its duties under the Management Agreement, including compensation of the Manager’s employees, rent for facilities and other “overhead” expenses; we do not reimburse the Manager for these expenses. The following table summarizes our reimbursements to the Manager: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Classification in the Consolidated Statements of Operations: General and administrative expenses $ 4,397 $ 2,327 $ 9,959 $ 6,935 Acquisition and transaction expenses 4,040 1,375 7,810 4,426 Total $ 8,437 $ 3,702 $ 17,769 $ 11,361 If we terminate the Management Agreement, we will generally be required to pay the Manager a termination fee. The termination fee is equal to the amount of the management fee during the 12 months immediately preceding the date of the termination. In addition, an Incentive Allocation Fair Value Amount will be distributable to the Master GP if the Master GP is removed due to the termination of the Management Agreement in certain specified circumstances. The Incentive Allocation Fair Value Amount is an amount equal to the Income Incentive Allocation and the Capital Gains Incentive Allocation that would be paid to the Master GP if our assets were sold for cash at their then current fair market value (as determined by an appraisal, taking into account, among other things, the expected future value of the underlying investments). Upon the successful completion of an offering of our common shares or other equity securities (including securities issued as consideration in an acquisition), we grant the Manager options to purchase common shares in an amount equal to 10% of the number of common shares being sold in the offering (or if the issuance relates to equity securities other than our common shares, options to purchase a number of common shares equal to 10% of the gross capital raised in the equity issuance divided by the fair market value of a common share as of the date of issuance), with an exercise price equal to the offering price per share paid by the public or other ultimate purchaser or attributed to such securities in connection with an acquisition (or the fair market value of a common share as of the date of the equity issuance if it relates to equity securities other than our common shares). Any ultimate purchaser of common shares for which such options are granted may be an affiliate of Fortress. See Note 17 for information related to options granted to the Manager in connection with our September 2019 offering of preferred shares. The following table summarizes amounts due to the Manager, which are included within accounts payable and accrued liabilities in the Consolidated Balance Sheets: September 30, 2019 December 31, 2018 Accrued management fees $ 1,206 $ 1,263 Other payables 13,390 3,965 As of September 30, 2019 and December 31, 2018 , there were no receivables from the Manager. Other Affiliate Transactions As of September 30, 2019 and December 31, 2018 an affiliate of our Manager owns an approximately 20% interest in Jefferson Terminal which has been accounted for as a component of non-controlling interest in consolidated subsidiaries in the consolidated financial statements. The carrying amount of this non-controlling interest at September 30, 2019 and December 31, 2018 was $ 38.1 million and $51.1 million , respectively. The following table presents the amount of this non-controlling interest share of net loss: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Non-controlling interest share of net loss $ 5,030 $ 3,758 $ 12,885 $ 11,771 In connection with the Capital Call Agreement related to the Series 2016 Bonds, we, and an affiliate of our Manager, entered into a Fee and Support Agreement. The Fee and Support Agreement provides that the affiliate of the Manager is compensated for its guarantee of a portion of the obligations under the Standby Bond Purchase Agreement. This affiliate of the Manager received fees of $1.7 million , which are amortized as interest expense to the earlier of the redemption date or February 13, 2020. In connection with the amendment to the Jefferson Revolver (see Note 8), on December 20, 2018, our subsidiary and an affiliate of our Manager entered into an amended and restated Fee and Support Agreement, and our subsidiary issued a $ 0.3 million promissory note to the affiliate of our Manager, as consideration for the fee payable pursuant to the amended and restated Fee and Support Agreement. On June 21, 2018, we, through a wholly owned subsidiary, completed a private offering with several third parties (the “Holders”) to tender their approximately 20% stake in Jefferson Terminal. We increased our majority interest in Jefferson Terminal in exchange for Class B Units of another wholly owned subsidiary, which provide the right to convert such Class B Units to a fixed amount of our shares, equivalent to approximately 1.9 million shares, at a Holder’s request. We have the option to satisfy any exchange request by delivering either common shares or cash. The Holders are entitled to receive distributions equivalent to the distributions paid to our shareholders. This transaction resulted in a purchase of non-controlling interest shares. See Note 17 for details related to conversions during the period.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Our reportable segments represent strategic business units comprised of investments in different types of transportation and infrastructure assets. We have four reportable segments which operate in the Equipment Leasing and Infrastructure businesses across several market sectors. Our reportable segments are (i) Aviation Leasing, (ii) Jefferson Terminal, (iii) Railroad, and (iv) Ports and Terminals. The Aviation Leasing segment consists of aircraft and aircraft engines held for lease and are typically held long-term. The Jefferson Terminal segment consists of a multi-modal crude oil and refined products terminal and other related assets. The Railroad segment consists of our CMQR railroad operations. The Ports and Terminals segment consists of Repauno, which is a 1,630 acre deep-water port located along the Delaware River with an underground storage cavern and multiple industrial development opportunities, and Long Ridge, which is a 1,660 acre multi-modal port located along the Ohio River with rail, dock, and multiple industrial development opportunities, including a power plant under construction. Corporate and Other primarily consists of debt, unallocated company level general and administrative expenses, and management fees. Additionally, Corporate and Other includes (i) offshore energy related assets, which consists of vessels and equipment that support offshore oil and gas drilling and production which are typically subject to long-term operating leases and (ii) an investment in an unconsolidated entity engaged in the acquisition and leasing of shipping containers (on both an operating lease and finance lease basis). During the first quarter of 2019, we updated our segment performance measure from Adjusted Net Income to Adjusted EBITDA (see definition below) as this is the primary performance measure that our Chief Operating Decision Maker (“CODM”) utilizes to assess operational performance, as well as make resource and allocation decisions. In connection with the change in our performance measure, in accordance with ASC 280, we also assessed our reportable segments. We determined that our Offshore Energy and Shipping Containers segments no longer met the requirement as reportable segments and, accordingly, we have presented these operating segments, along with Corporate results, within Corporate and Other effective in the first quarter of 2019. All prior periods have been restated for historical comparison across segments. The accounting policies of the segments are the same as those described in the summary of significant accounting policies; however, financial information presented by segment includes the impact of intercompany eliminations. We evaluate investment performance for each reportable segment primarily based on net income attributable to shareholders and Adjusted EBITDA. Adjusted EBITDA is defined as net income (loss) attributable to shareholders, adjusted (a) to exclude the impact of provision for (benefit from) income taxes, equity-based compensation expense, acquisition and transaction expenses, losses on the modification or extinguishment of debt and capital lease obligations, changes in fair value of non-hedge derivative instruments, asset impairment charges, incentive allocations, depreciation and amortization expense, and interest expense, (b) to include the impact of our pro-rata share of Adjusted EBITDA from unconsolidated entities, and (c) to exclude the impact of equity in earnings (losses) of unconsolidated entities and the non-controlling share of Adjusted EBITDA. We believe that net income (loss) attributable to shareholders, as defined by GAAP, is the most appropriate earnings measurement with which to reconcile Adjusted EBITDA. Adjusted EBITDA should not be considered as an alternative to net income (loss) attributable to shareholders as determined in accordance with GAAP. The following tables set forth certain information for each reportable segment: I. For the Three Months Ended September 30, 2019 Three Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Equipment leasing revenues $ 86,305 $ — $ — $ — $ 954 $ 87,259 Infrastructure revenues — 60,537 10,251 4,174 — 74,962 Total revenues 86,305 60,537 10,251 4,174 954 162,221 Expenses Operating expenses 2,473 69,712 8,379 5,404 3,400 89,368 General and administrative — — — — 6,284 6,284 Acquisition and transaction expenses 65 — 275 — 5,278 5,618 Management fees and incentive allocation to affiliate — — — — 7,378 7,378 Depreciation and amortization 33,911 5,717 583 1,687 1,846 43,744 Interest expense — 3,927 301 469 20,791 25,488 Total expenses 36,449 79,356 9,538 7,560 44,977 177,880 Other income (expense) Equity in (losses) earnings of unconsolidated entities (885 ) (162 ) — — 73 (974 ) Gain on sale of equipment, net 37,060 — 1 — — 37,061 Interest income 31 26 13 47 4 121 Other income (expense) — 772 — (644 ) 1,003 1,131 Total other income (expense) 36,206 636 14 (597 ) 1,080 37,339 Income (loss) before income taxes 86,062 (18,183 ) 727 (3,983 ) (42,943 ) 21,680 Provision for income taxes 816 56 132 — — 1,004 Net income (loss) 85,246 (18,239 ) 595 (3,983 ) (42,943 ) 20,676 Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries — (5,031 ) 116 (80 ) — (4,995 ) Net income (loss) attributable to shareholders $ 85,246 $ (13,208 ) $ 479 $ (3,903 ) $ (42,943 ) $ 25,671 The following table sets forth a reconciliation of Adjusted EBITDA to net income attributable to shareholders: Three Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Adjusted EBITDA $ 126,758 $ (2,112 ) $ 1,901 $ (927 ) $ (11,478 ) $ 114,142 Add: Non-controlling share of Adjusted EBITDA 3,068 Add: Equity in losses of unconsolidated entities (974 ) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities 801 Less: Interest expense (25,488 ) Less: Depreciation and amortization expense (50,464 ) Less: Incentive allocations (3,736 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (4,380 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (5,618 ) Less: Equity-based compensation expense (676 ) Less: Provision for income taxes (1,004 ) Net income attributable to shareholders $ 25,671 Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Three Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Africa $ 4,470 $ — $ — $ — $ — $ 4,470 Asia 28,777 — — — 954 29,731 Europe 43,217 — — — — 43,217 North America 8,278 60,537 10,251 4,174 — 83,240 South America 1,563 — — — — 1,563 Total $ 86,305 $ 60,537 $ 10,251 $ 4,174 $ 954 $ 162,221 II. For the Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Equipment leasing revenues $ 231,697 $ — $ — $ — $ 7,214 $ 238,911 Infrastructure revenues — 164,053 30,735 12,154 — 206,942 Total revenues 231,697 164,053 30,735 12,154 7,214 445,853 Expenses Operating expenses 11,272 183,346 26,666 15,063 7,702 244,049 General and administrative — — — — 15,313 15,313 Acquisition and transaction expenses 78 — 275 — 9,047 9,400 Management fees and incentive allocation to affiliate — — — — 16,926 16,926 Depreciation and amortization 97,183 16,392 1,996 5,240 5,066 125,877 Interest expense — 12,375 949 1,113 57,826 72,263 Total expenses 108,533 212,113 29,886 21,416 111,880 483,828 Other income (expense) Equity in (losses) earnings of unconsolidated entities (1,328 ) (290 ) — — 91 (1,527 ) Gain on sale of equipment, net 61,388 12 16 — — 61,416 Interest income 85 97 17 241 12 452 Other income — 589 — 1,873 1,003 3,465 Total other income 60,145 408 33 2,114 1,106 63,806 Income (loss) before income taxes 183,309 (47,652 ) 882 (7,148 ) (103,560 ) 25,831 (Benefit from) provision for income taxes (1,373 ) 180 347 — 4 (842 ) Net income (loss) 184,682 (47,832 ) 535 (7,148 ) (103,564 ) 26,673 Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries — (12,885 ) 101 (166 ) — (12,950 ) Net income (loss) attributable to shareholders $ 184,682 $ (34,947 ) $ 434 $ (6,982 ) $ (103,564 ) $ 39,623 The following table sets forth a reconciliation of Adjusted EBITDA to net income attributable to shareholders: Nine Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Adjusted EBITDA $ 304,578 $ (5,965 ) $ 4,063 $ (2,242 ) $ (25,872 ) $ 274,562 Add: Non-controlling share of Adjusted EBITDA 8,242 Add: Equity in losses of unconsolidated entities (1,527 ) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities 895 Less: Interest expense (72,263 ) Less: Depreciation and amortization expense (149,885 ) Less: Incentive allocations (6,109 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (4,130 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (9,400 ) Less: Equity-based compensation expense (1,604 ) Less: Benefit from income taxes 842 Net income attributable to shareholders $ 39,623 Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Nine Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Africa $ 10,155 $ — $ — $ — $ — $ 10,155 Asia 76,301 — — — 7,214 83,515 Europe 110,515 — — — — 110,515 North America 28,708 164,053 30,735 12,154 — 235,650 South America 6,018 — — — — 6,018 Total $ 231,697 $ 164,053 $ 30,735 $ 12,154 $ 7,214 $ 445,853 III. For the Three Months Ended September 30, 2018 Three Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Equipment leasing revenues $ 69,791 $ — $ — $ — $ 1,099 $ 70,890 Infrastructure revenues — 17,836 8,907 3,522 — 30,265 Total revenues 69,791 17,836 8,907 3,522 1,099 101,155 Expenses Operating expenses 2,115 23,893 8,274 3,634 3,751 41,667 General and administrative — — — — 4,012 4,012 Acquisition and transaction expenses 85 — — — 1,375 1,460 Management fees and incentive allocation to affiliate — — — — 3,846 3,846 Depreciation and amortization 26,343 4,999 613 840 1,627 34,422 Interest expense — 4,257 233 — 10,652 15,142 Total expenses 28,543 33,149 9,120 4,474 25,263 100,549 Other income (expense) Equity in (losses) earnings of unconsolidated entities (192 ) (363 ) — — 113 (442 ) Gain on sale of equipment, net 215 — 47 — — 262 Interest income 13 94 — — 4 111 Other income — 737 — — — 737 Total other income 36 468 47 — 117 668 Income (loss) before income taxes 41,284 (14,845 ) (166 ) (952 ) (24,047 ) 1,274 Provision for income taxes 540 11 — — — 551 Net income (loss) 40,744 (14,856 ) (166 ) (952 ) (24,047 ) 723 Less: Net loss attributable to non-controlling interests in consolidated subsidiaries — (3,759 ) (26 ) (70 ) — (3,855 ) Net income (loss) attributable to shareholders $ 40,744 $ (11,097 ) $ (140 ) $ (882 ) $ (24,047 ) $ 4,578 The following table sets forth a reconciliation of Adjusted EBITDA to net income attributable to shareholders: Three Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Adjusted EBITDA $ 72,452 $ (4,064 ) $ 699 $ 55 $ (10,371 ) $ 58,771 Add: Non-controlling share of Adjusted EBITDA 3,563 Add: Equity in losses of unconsolidated entities (442 ) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities (402 ) Less: Interest expense (15,142 ) Less: Depreciation and amortization expense (39,162 ) Less: Incentive allocations 20 Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (385 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (1,460 ) Less: Equity-based compensation expense (232 ) Less: Provision for income taxes (551 ) Net income attributable to shareholders $ 4,578 Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Three Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Africa $ 3,374 $ — $ — $ — $ — $ 3,374 Asia 24,983 — — — 734 25,717 Europe 30,794 — — — — 30,794 North America 8,894 17,836 8,907 3,522 365 39,524 South America 1,746 — — — — 1,746 Total $ 69,791 $ 17,836 $ 8,907 $ 3,522 $ 1,099 $ 101,155 IV. For the Nine Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Equipment leasing revenues $ 178,644 $ — $ — $ — $ 7,360 $ 186,004 Infrastructure revenues — 21,639 28,742 5,593 — 55,974 Total revenues 178,644 21,639 28,742 5,593 7,360 241,978 Expenses Operating expenses 7,412 47,105 23,525 8,730 10,067 96,839 General and administrative — — — — 12,171 12,171 Acquisition and transaction expenses 308 — — — 4,426 4,734 Management fees and incentive allocation to affiliate — — — — 12,080 12,080 Depreciation and amortization 73,031 14,726 1,760 2,481 4,855 96,853 Interest expense — 12,070 719 545 26,536 39,870 Total expenses 80,751 73,901 26,004 11,756 70,135 262,547 Other income (expense) Equity in (losses) earnings of unconsolidated entities (542 ) (450 ) — — 394 (598 ) Gain on sale of equipment, net 5,198 — 55 — — 5,253 Interest income 119 230 — — 12 361 Other income — 2,074 — — — 2,074 Total other income 4,775 1,854 55 — 406 7,090 Income (loss) before income taxes 102,668 (50,408 ) 2,793 (6,163 ) (62,369 ) (13,479 ) Provision for income taxes 1,546 32 — — 2 1,580 Net income (loss) 101,122 (50,440 ) 2,793 (6,163 ) (62,371 ) (15,059 ) Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries (24 ) (20,017 ) 231 (94 ) — (19,904 ) Net income (loss) attributable to shareholders $ 101,146 $ (30,423 ) $ 2,562 $ (6,069 ) $ (62,371 ) $ 4,845 The following table sets forth a reconciliation of Adjusted EBITDA to net income attributable to shareholders: Nine Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Adjusted EBITDA $ 193,488 $ (10,803 ) $ 5,022 $ (2,790 ) $ (25,809 ) $ 159,108 Add: Non-controlling share of Adjusted EBITDA 9,175 Add: Equity in losses of unconsolidated entities (598 ) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities (385 ) Less: Interest expense (39,870 ) Less: Depreciation and amortization expense (114,482 ) Less: Incentive allocations (553 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (567 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (4,734 ) Less: Equity-based compensation expense (669 ) Less: Provision for income taxes (1,580 ) Net income attributable to shareholders $ 4,845 Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Nine Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Africa $ 6,779 $ — $ — $ — $ — $ 6,779 Asia 48,275 — — — 6,264 54,539 Europe 98,570 — — — — 98,570 North America 22,848 21,639 28,742 5,593 1,096 79,918 South America 2,172 — — — — 2,172 Total $ 178,644 $ 21,639 $ 28,742 $ 5,593 $ 7,360 $ 241,978 V. Balance Sheet and Location of Long-Lived Assets The following tables sets forth summarized balance sheet information and the geographic location of property, plant and equipment and leasing equipment, net as of September 30, 2019 and December 31, 2018 : September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Total assets $ 1,516,379 $ 753,366 $ 72,984 $ 535,071 $ 257,213 $ 3,135,013 Debt, net — 234,602 23,057 126,184 1,198,419 1,582,262 Total liabilities 267,445 313,677 42,072 167,792 1,238,375 2,029,361 Non-controlling interests in equity of consolidated subsidiaries — 39,992 3,796 726 523 45,037 Total equity 1,248,934 439,689 30,912 367,279 (981,162 ) 1,105,652 Total liabilities and equity $ 1,516,379 $ 753,366 $ 72,984 $ 535,071 $ 257,213 $ 3,135,013 September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Property, plant and equipment and leasing equipment, net Africa $ 44,312 $ — $ — $ — $ — $ 44,312 Asia 430,746 — — — 37,370 468,116 Europe 637,793 — — — — 637,793 North America 165,042 492,711 54,470 432,386 119,504 1,264,113 South America 29,397 — — — — 29,397 Total $ 1,307,290 $ 492,711 $ 54,470 $ 432,386 $ 156,874 $ 2,443,731 December 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Total assets $ 1,367,074 $ 670,682 $ 64,286 $ 277,160 $ 259,576 $ 2,638,778 Debt, net — 234,862 22,239 — 980,246 1,237,347 Total liabilities 234,449 288,256 37,207 16,615 1,008,469 1,584,996 Non-controlling interests in equity of consolidated subsidiaries — 52,058 3,258 544 523 56,383 Total equity 1,132,625 382,426 27,079 260,545 (748,893 ) 1,053,782 Total liabilities and equity $ 1,367,074 $ 670,682 $ 64,286 $ 277,160 $ 259,576 $ 2,638,778 December 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Property, plant and equipment and leasing equipment, net Africa $ 47,353 $ — $ — $ — $ — $ 47,353 Asia 383,648 — — — 34,667 418,315 Europe 592,670 — — — 121,950 714,620 North America 177,962 433,404 51,157 263,747 — 926,270 South America 34,505 — — — — 34,505 Total $ 1,236,138 $ 433,404 $ 51,157 $ 263,747 $ 156,617 $ 2,141,063

EARNINGS PER SHARE AND EQUITY

EARNINGS PER SHARE AND EQUITY	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE AND EQUITY	EARNINGS PER SHARE AND EQUITY Basic earnings per common share (“EPS”) is calculated by dividing net income attributable to shareholders by the weighted average number of common shares outstanding, plus any participating securities. Diluted EPS is calculated by dividing net income attributable to shareholders by the weighted average number of common shares outstanding, plus any participating securities and potentially dilutive securities. Potentially dilutive securities are calculated using the treasury stock method. The calculation of basic and diluted EPS is presented below: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except share and per share data) 2019 2018 2019 2018 Net income (loss) $ 20,676 $ 723 $ 26,673 $ (15,059 ) Less: Net loss attributable to non-controlling interests in consolidated subsidiaries (4,995 ) (3,855 ) (12,950 ) (19,904 ) Net income attributable to shareholders $ 25,671 $ 4,578 $ 39,623 $ 4,845 Weighted Average Common Shares Outstanding - Basic (1) 85,996,067 84,708,071 85,990,131 83,178,546 Weighted Average Common Shares Outstanding - Diluted (1) 86,005,604 84,709,656 86,013,539 83,179,181 Basic EPS $ 0.30 $ 0.05 $ 0.46 $ 0.06 Diluted EPS $ 0.30 $ 0.05 $ 0.46 $ 0.06 ________________________________________________________ (1) The three and nine months ended September 30, 2019 includes 1.1 million equivalent participating securities which can be converted into a fixed amount of our shares. For the three months ended September 30, 2019 and 2018 , 165,232 and 6,793 shares, respectively, and for the nine months ended September 30, 2019 and 2018 , 140,313 and 43,472 shares, respectively, have been excluded from the calculation of Diluted EPS because the impact would be anti-dilutive. During the nine months ended September 30, 2019 , we issued 26,125 common shares to certain directors as compensation. During the nine months ended September 30, 2019 , certain holders of Class B Units (see Note 15) converted 1,115,483 Class B Units in exchange for 826,124 common shares. Preferred Shares In September 2019, in a public offering, we issued 3,450,000 shares of 8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares (“Series A Preferred Shares”), par value $ 0.01 per share, with a liquidation preference of $ 25.00 per share for net proceeds of approximately $82.9 million . See Note 13 for information related to options issued to the Manager in connection with this offering.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES In the normal course of business we, and our subsidiaries, may be involved in various claims, legal proceedings, or may enter into contracts that contain a variety of representations and warranties and which provide general indemnifications. Within our offshore energy business, a lessee did not fulfill their obligation under their charter arrangement, therefore we are pursuing rights afforded to us under the charter and the range of potential losses against the obligation is $0.0 million to $3.3 million . Our maximum exposure under other arrangements is unknown as no additional claims have been made. We believe the risk of loss in connection with such arrangements is remote. We have also entered into an arrangement with our non-controlling interest holder of Repauno, whereby the non-controlling interest holder may receive additional payments contingent upon the achievement of certain conditions, not to exceed $15.0 million . We will account for such amounts when and if such conditions are achieved. We have entered into an arrangement with the seller of Long Ridge, whereby the seller may receive additional payments contingent upon the achievement of certain conditions, not to exceed $5.0 million

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On October 31, 2019, our Board of Directors declared a cash dividend on our common shares and eligible participating securities of $0.33 per share for the quarter ended September 30, 2019 , payable on November 26, 2019 to the holders of record on November 15, 2019. On October 31, 2019, our Board of Directors also declared a cash dividend on the Series A Preferred Shares of $ 0.53 per share, payable on December 16, 2019 to the holders of record on December 2, 2019. On October 31, 2019, our subsidiary entered into an agreement to purchase the remaining 50% interest in JGP from the JV partner for a purchase price of approximately $29 million . We expect the transaction to close during the fourth quarter of 2019.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Accounting	Basis of Accounting — The accompanying consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of us and our subsidiaries.
Principles of Consolidation	Principles of Consolidation — We consolidate all entities in which we have a controlling financial interest and control over significant operating decisions, as well as variable interest entities (“VIEs”) in which we are the primary beneficiary. All significant intercompany transactions and balances have been eliminated. All adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The ownership interest of other investors in consolidated subsidiaries is recorded as non-controlling interest. We use the equity method of accounting for investments in entities in which we exercise significant influence but which do not meet the requirements for consolidation. Under the equity method, we record our proportionate share of the underlying net income (loss) of these entities.
Use of Estimates	Use of Estimates — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Risks and Uncertainties	Risks and Uncertainties — In the normal course of business, we encounter several significant types of economic risk including credit, market, and capital market risks. Credit risk is the risk of the inability or unwillingness of a lessee, customer, or derivative counterparty to make contractually required payments or to fulfill its other contractual obligations. Market risk reflects the risk of a downturn or volatility in the underlying industry segments in which we operate, which could adversely impact the pricing of the services offered by us or a lessee’s or customer’s ability to make payments, increase the risk of unscheduled lease terminations and depress lease rates and the value of our leasing equipment or operating assets. Capital market risk is the risk that we are unable to obtain capital at reasonable rates to fund the growth of our business or to refinance existing debt facilities. We, through our subsidiaries, also conduct operations outside of the United States; such international operations are subject to the same risks as those associated with our United States operations as well as additional risks, including unexpected changes in regulatory requirements, heightened risk of political and economic instability, potentially adverse tax consequences and the burden of complying with foreign laws. We do not have significant exposure to foreign currency risk as all of our leasing arrangements and the majority of terminal services revenue and freight rail revenue are denominated in U.S. dollars.
Variable Interest Entities	Variable Interest Entities — The assessment of whether an entity is a VIE and the determination of whether to consolidate a VIE requires judgment. VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated by its primary beneficiary, and only by its primary beneficiary, which is defined as the party who has the power to direct the activities of a VIE that most significantly impact its economic performance and who has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.
Cash and Cash Equivalents	Cash and Cash Equivalents — We consider all highly liquid short-term investments with a maturity of 90 days or less when purchased to be cash equivalents.
Deferred Financing Costs	Deferred Financing Costs —
Leases	Operating Leases —We lease equipment pursuant to net operating leases. Operating leases with fixed rentals and step rentals are recognized on a straight-line basis over the term of the lease, assuming no renewals. Revenue is not recognized when collection is not reasonably assured. When collectability is not reasonably assured, the customer is placed on non-accrual status and revenue is recognized when cash payments are received. Generally, under our aircraft lease and engine agreements, the lessee is required to make periodic maintenance payments calculated based on the lessee’s utilization of the leased asset or at the end of the lease. Typically, under our aircraft lease agreements, the lessee is responsible for maintenance, repairs and other operating expenses throughout the term of the lease. These periodic maintenance payments accumulate over the term of the lease to fund major maintenance events, and we are contractually obligated to return maintenance payments to the lessee up to the amount paid by the lessee. In the event the total cost of maintenance events over the term of a lease is less than the cumulative maintenance payments, we are not required to return any unused or excess maintenance payments to the lessee. Maintenance payments received for which we expect to repay to the lessee are presented as Maintenance Deposits in our Consolidated Balance Sheets. All excess maintenance payments received that we do not expect to repay to the lessee are recorded as Maintenance revenues. Finance Leases —From time to time we enter into finance lease arrangements that include a lessee obligation to purchase the leased equipment at the end of the lease term, a bargain purchase option, or provides for minimum lease payments with a present value that equals or exceeds substantially all of the fair value of the leased equipment at the date of lease inception. Net investment in finance lease represents the minimum lease payments due from lessee, net of unearned income. The lease payments are segregated into principal and interest components similar to a loan. Unearned income is recognized on an effective interest method over the lease term and is recorded as finance lease income. The principal component of the lease payment is reflected as a reduction to the net investment in finance leases. Revenue is not recognized when collection is not reasonably assured. When collectability is not reasonably assured, the customer is placed on non-accrual status and revenue is recognized when cash payments are received. Leasing Arrangements — At contract inception, we evaluate whether an arrangement is or contains a lease for which we are the lessee (that is, arrangements which provide us with the right to control a physical asset for a period of time). Operating lease right-of-use (“ROU”) assets and lease liabilities are recognized in Operating lease right-of-use assets, net and Operating lease liabilities in our Consolidated Balance Sheets, respectively. Finance lease ROU assets are recognized in Property, plant and equipment, net and lease liabilities are recognized in Other liabilities in our Consolidated Balance Sheets. All lease liabilities are measured at the present value of the unpaid lease payments, discounted using our incremental borrowing rate based on the information available at commencement date of the lease. ROU assets , for both operating and finance leases , are initially measured based on the lease liability, adjusted for prepaid rent and lease incentives. ROU assets are subsequently measured at the carrying amount of the lease liability adjusted for prepaid or accrued lease payments and lease incentives. The finance lease ROU assets are subsequently amortized using the straight-line method. Operating lease expenses are recognized on a straight-line basis over the lease term. With respect to finance leases, amortization of the ROU asset is presented separately from interest expense related to the finance lease liability. Variable lease payments, which are primarily based on usage, are recognized when the associated activity occurs. We have elected to combine lease and non-lease components for all lease contracts where we are the lessee. Additionally, for arrangements with lease terms of 12 months or less, we do not recognize ROU assets, and lease liabilities and lease payments are recognized on a straight-line basis over the lease term with variable lease payments recognized in the period in which the obligation is incurred .
Revenue Recognition	Infrastructure Revenues Rail Revenues —Rail revenues generally consist of the following performance obligations: freight movement, demurrage, unloading and switching. Freight movement revenues are recognized proportionally based on distance as freight is transported from origin to destination. Accordingly, freight movement revenue is recognized over time with progress measured based on distance transpired, i.e., as the services are rendered and the customer simultaneously receives and consumes the benefit over time. Demurrage, unloading and switching are recognized in other miscellaneous rail revenues, for which demurrage progress is measured over time, and unloading and switching revenues are measured at a point in time as the service is rendered. Terminal Services Revenues —Terminal services are provided to customers for the receipt and redelivery of various commodities. These revenues are recognized over time, i.e., as the services are rendered and the customer simultaneously receives and consumes the benefit over time. Lease Income —Lease income consists of rental income from tenants for storage space. Lease income is recognized on a straight-line basis over the term s of the relevant lease agreement. Crude Marketing Revenues —Crude marketing revenues consists of marketing revenue related to Canadian crude oil. The revenues are recognized over time, i.e., as the services are rendered and the customer simultaneously receives and consumes the benefit over time. Other Revenue —Other revenue primarily consists of revenue related to the handling, storage and sale of raw materials. Other revenue consists of two performance obligations: handling and storage of raw materials. The revenues are recognized over time, i.e., as the services are rendered and the customer simultaneously receives and consumes the benefit over time.
Concentration of Credit Risk	Concentration of Credit Risk — We are subject to concentrations of credit risk with respect to amounts due from customers on our finance leases and operating leases. We attempt to limit our credit risk by performing ongoing credit evaluations. During the three months ended September 30, 2019 and 2018 and the nine months ended September 30, 2019 , one customer in the Jefferson Terminal segment accounted for approximately 17 %, 15% and 19% of total revenue, respectively. There were no customers with a revenue concentration over 10% of total revenue during the nine months ended September 30, 2018 . As of September 30, 2019 , accounts receivable from one customer in the Jefferson Terminal segment represented 12 % of total accounts receivable, net. As of December 31, 2018 , accounts receivable from two customers in the Jefferson Terminal segment each represented 17% and 15% of total accounts receivable, net. We maintain cash and restricted cash balances, which generally exceed federally insured limits, and subject us to credit risk, in high credit quality financial institutions. We monitor the financial condition of these institutions and have not experienced any losses associated with these accounts.
Provision for Doubtful Accounts	Provision for Doubtful Accounts —
Comprehensive Income (Loss)	Comprehensive Income (Loss) — Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances, excluding those resulting from investments by and distributions to owners. Our comprehensive income (loss) represents net income (loss), as presented in the Consolidated Statements of Operations, adjusted for fair value changes related to derivatives accounted for as cash flow hedges.
Accounting Pronouncements	Recent Accounting Pronouncements — In February 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-02, Leases (and subsequently issued ASU 2018-01, ASU 2018-10, ASU 2018-11, ASU 2018-20 and ASU 2019-01, collectively, “ASU 2016-02”). ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. On January 1, 2019, we adopted ASU 2016-02 using the modified retrospective approach. We utilized the effective date transition method and accordingly are not required to adjust our comparative period financial information for effects of ASU 2016-02. We have elected to adopt the ‘package of practical expedients’ which permits us not to reassess under the new standard our prior conclusions about lease identification (including land easements), lease classification and initial direct costs. The adoption of ASU 2016-02 resulted in the recognition of ROU assets and lease liabilities of approximately $ 46 million in our Consolidated Balance Sheets as of January 1, 2019. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities , which improves the financial reporting of hedging relationships to better represent the economic results of an entity’s risk management activities in its financial statements and make certain improvements to simplify the application of the hedge accounting guidance. The amendments will make more financial and nonfinancial hedging strategies eligible for hedge accounting, amend the presentation and disclosure requirements and change how entities assess effectiveness. Entities are required to apply the amendments as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period after adoption. On January 1, 2019, we adopted this standard and it did not have an impact on our consolidated financial statements as we did not have any hedging relationships prior to adoption. In June 2018, the FASB, issued ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting to simplify the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments to employees, with certain exceptions. The new guidance expands the scope of Accounting Standards Codification (“ASC”) 718 to include share-based payments granted to nonemployees in exchange for goods or services used or consumed in an entity’s own operations and supersedes the guidance in ASC 505-50. On January 1, 2019, we adopted this standard and it did not have an impact on our consolidated financial statements. Unadopted Accounting Pronouncements — In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). ASU 2017-04 addresses concerns over the cost and complexity of the two-step goodwill impairment test by removing the second step of the test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. ASU 2017-01 will be effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. We are currently evaluating the impact of adopting this new guidance on our consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement . This ASU eliminates, adds and modifies certain disclosure requirements for fair value measurements as part of its disclosure framework project. The guidance is effective for all entities in fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, and early adoption is permitted. We are currently evaluating the impact of adopting this new guidance on our consolidated financial statements.
Fair Value Measurement	Fair value measurements and disclosures require the use of valuation techniques to measure fair value that maximize the use of observable inputs and minimize use of unobservable inputs. These inputs are prioritized as follows: • Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities. • Level 2: Inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities or market corroborated inputs. • Level 3: Unobservable inputs for which there is little or no market data and which require us to develop our own assumptions about how market participants price the asset or liability. The valuation techniques that may be used to measure fair value are as follows: • Market approach—Uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. • Income approach—Uses valuation techniques to convert future amounts to a single present amount based on current market expectations about those future amounts. • Cost approach—Based on the amount that currently would be required to replace the service capacity of an asset (replacement cost).

LEASING EQUIPMENT, NET (Tables)

LEASING EQUIPMENT, NET (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of Lessor, Operating Leases	Leasing equipment, net is summarized as follows: September 30, 2019 December 31, 2018 Leasing equipment $ 1,787,431 $ 1,672,156 Less: accumulated depreciation (288,752 ) (239,946 ) Leasing equipment, net $ 1,498,679 $ 1,432,210
Operating Lease, Lease Income	Depreciation expense for leasing equipment is summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Depreciation expense for leasing equipment $ 36,034 $ 28,249 $ 103,080 $ 78,719

FINANCE LEASES, NET (Tables)

FINANCE LEASES, NET (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of Finance Leases	Finance leases, net are summarized as follows: September 30, 2019 December 31, 2018 Finance leases $ 13,138 $ 28,476 Unearned revenue (4,518 ) (9,853 ) Finance leases, net $ 8,620 $ 18,623

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment, net is summarized as follows: September 30, 2019 December 31, 2018 Land, site improvements and rights $ 74,660 $ 75,028 Construction in progress (1) 412,829 253,239 Buildings and improvements 15,626 14,514 Terminal machinery and equipment 426,165 349,227 Proved oil and gas properties 37,451 20,099 Track and track related assets 42,833 42,349 Railroad equipment 5,636 5,383 Railcars and locomotives 4,682 4,513 Computer hardware and software 3,831 3,806 Furniture and fixtures 805 572 Vehicles 2,173 1,636 1,026,691 770,366 Less: accumulated depreciation (83,158 ) (63,032 ) Spare parts 1,519 1,519 Property, plant and equipment, net $ 945,052 $ 708,853 ________________________________________________________ (1) Includes unproved oil and gas properties of $ 58,359 and $ 59,930 as of September 30, 2019 and December 31, 2018 , respectively. Depreciation expense for property, plant and equipment is summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Depreciation expense for property, plant and equipment $ 6,822 $ 5,273 $ 20,117 $ 15,435

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	The following table presents our proportionate share of equity in income (losses): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Advanced Engine Repair JV $ (885 ) $ (192 ) $ (1,328 ) $ (542 ) JGP Energy Partners LLC (162 ) (363 ) (290 ) (450 ) Intermodal Finance I, Ltd. 73 113 91 394 Total $ (974 ) $ (442 ) $ (1,527 ) $ (598 ) The following table presents the ownership interests and carrying values of our investments: Carrying Value Investment Ownership Percentage September 30, 2019 December 31, 2018 Advanced Engine Repair JV Equity method 25% $ 25,153 $ 12,981 JGP Energy Partners LLC Equity method 50% 25,171 25,461 Intermodal Finance I, Ltd. Equity method 51% 785 2,118 Investments $ 51,109 $ 40,560

INTANGIBLE ASSETS AND LIABILI_2

INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)	9 Months Ended
	Sep. 30, 2019
Intangible Assets and Liabilities Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets and Liabilities	Intangible assets and liabilities, net are summarized as follows: September 30, 2019 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets Acquired favorable lease intangibles $ 49,533 $ — $ — $ 49,533 Less: Accumulated amortization (36,821 ) — — (36,821 ) Acquired favorable lease intangibles, net 12,712 — — 12,712 Customer relationships — 35,513 225 35,738 Less: Accumulated amortization — (18,043 ) (225 ) (18,268 ) Acquired customer relationships, net — 17,470 — 17,470 Total intangible assets, net $ 12,712 $ 17,470 $ — $ 30,182 Intangible liabilities Acquired unfavorable lease intangibles $ 4,235 $ — $ — $ 4,235 Less: Accumulated amortization (2,627 ) — — (2,627 ) Acquired unfavorable lease intangibles, net $ 1,608 $ — $ — $ 1,608 December 31, 2018 Aviation Leasing Jefferson Terminal Railroad Total Intangible assets Acquired favorable lease intangibles $ 48,143 $ — $ — $ 48,143 Less: Accumulated amortization (29,780 ) — — (29,780 ) Acquired favorable lease intangibles, net 18,363 — — 18,363 Customer relationships — 35,513 225 35,738 Less: Accumulated amortization — (15,378 ) (210 ) (15,588 ) Acquired customer relationships, net — 20,135 15 20,150 Total intangible assets, net $ 18,363 $ 20,135 $ 15 $ 38,513 Intangible liabilities Acquired unfavorable lease intangibles $ 3,736 $ — $ — $ 3,736 Less: Accumulated amortization (2,114 ) — — (2,114 ) Acquired unfavorable lease intangibles, net $ 1,622 $ — $ — $ 1,622
Schedule of Intangible Assets and Liabilities	Amortization of intangible assets and liabilities is as follows: Classification in Consolidated Statements of Operations Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Lease intangibles Equipment leasing revenues $ 1,072 $ 2,087 $ 5,736 $ 6,143 Customer relationships Depreciation and amortization 888 900 2,680 2,699 Total $ 1,960 $ 2,987 $ 8,416 $ 8,842
Schedule of Net Annual Amortization of Intangibles	As of September 30, 2019 , estimated net annual amortization of intangibles is as follows: Remainder of 2019 $ 3,242 2020 7,725 2021 6,745 2022 4,764 2023 3,720 Thereafter 2,378 Total $ 28,574

DEBT, NET (Tables)

DEBT, NET (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Our debt, net is summarized as follows: September 30, 2019 December 31, 2018 Outstanding Borrowings Stated Interest Rate Maturity Date Outstanding Borrowings Loans payable FTAI Pride Credit Agreement (1) $ 43,056 LIBOR + 4.50% 9/16/2020 $ 47,743 CMQR Credit Agreement 23,275 (i) Adjusted LIBOR + 2.50% or 4.50%; or (ii) U.S. or Canadian Base Rate + 1.50% or 3.50%; or (iii) Canadian Fixed Rate + 2.50% or 4.50% 5/8/2022 22,265 Revolving Credit Facility (2) 30,000 (i) Base Rate + 2.00%; or (ii) Adjusted Eurodollar Rate + 3.00% 1/31/2022 100,000 Jefferson Revolver (2) 50,000 (i) Base Rate + 1.50%; or (ii) Base Rate + 2.50% (Eurodollar) 3/7/2021 49,805 DRP Revolver (3) 25,000 (i) Base Rate + 1.50%; or (ii) Base Rate + 2.50% (Eurodollar) 11/5/2021 — LREG Credit Agreement (4) 104,438 First Lien Credit Agreement: 7.30% LC Facility: Base Rate + 2.50% to 3.50% Second Lien Credit Agreement: Base Rate + 7.50% 2/15/2022 to 6/30/2028 — Total loans payable 275,769 219,813 Bonds payable Series 2012 Bonds (5) 41,080 8.25% 7/1/2032 42,797 Series 2016 Bonds (6) 144,200 7.25% 2/1/2036 144,200 Senior Notes due 2022 (7) 697,625 6.75% 3/15/2022 549,405 Senior Notes due 2025 (8) 444,780 6.50% 10/1/2025 295,642 Total bonds payable 1,327,685 1,032,044 Debt 1,603,454 1,251,857 Less: Debt issuance costs (21,192 ) (14,510 ) Total debt, net $ 1,582,262 $ 1,237,347 Total debt due within one year $ 189,066 $ 71,678 ________________________________________________________ (1) Secured on a first priority basis by the offshore vessel. (2) Requires a quarterly commitment fee at a rate of 0.50% on the average daily unused portion, as well as customary letter of credit fees and agency fees. (3) Requires a quarterly commitment fee at a rate of 0.875% on the average daily unused portion, as well as customary letter of credit fees and agency fees. (4) Requires a quarterly commitment fee on the average daily unused portion at a rate of 1.50% for the First Lien Credit Agreement and LC Facility and 1.00% for the Second Lien Credit Agreement, as well as customary letter of credit fees and agency fees. (5) Includes unamortized premium of $ 1,530 and $1,577 at September 30, 2019 and December 31, 2018 , respectively. (6) These bonds have a stated maturity of February 1, 2036 but are subject to mandatory tender for purchase at par, by our subsidiary, on February 13, 2020 if they have not been repurchased from proceeds of a remarketing of the bonds or redeemed prior to such date. (7) Includes unamortized discount of $ 5,954 and $5,154 at September 30, 2019 and December 31, 2018 , respectively, and an unamortized premium of $ 3,579 and $4,559 at September 30, 2019 and December 31, 2018 , respectively. (8) Includes unamortized discount of $ 5,220 and $4,358 at September 30, 2019 and December 31, 2018 , respectively.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis	The following tables set forth our financial assets measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018 , by level within the fair value hierarchy. Assets measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement. Fair Value as of Fair Value Measurements Using Fair Value Hierarchy as of September 30, 2019 September 30, 2019 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 99,343 $ 99,343 $ — $ — Market Restricted cash 51,241 51,241 — — Market Derivative assets 31,939 — — 31,939 Income Total assets $ 182,523 $ 150,584 $ — $ 31,939 Liabilities Derivative liabilities $ (147 ) $ — $ — $ (147 ) Income Total liabilities $ (147 ) $ — $ — $ (147 ) Fair Value as of Fair Value Measurements Using Fair Value Hierarchy as of December 31, 2018 December 31, 2018 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 99,601 $ 99,601 $ — $ — Market Restricted cash 21,236 21,236 — — Market Derivative assets 7,470 — — 7,470 Income Total $ 128,307 $ 120,837 $ — $ 7,470 Liabilities Derivative liabilities $ (925 ) $ — $ — $ (925 ) Income Total liabilities $ (925 ) $ — $ — $ (925 )
Fair Value, by Balance Sheet Grouping	The fair value of our bonds and notes payable reported as debt, net in the Consolidated Balance Sheets are presented in the table below: September 30, 2019 December 31, 2018 Series 2012 Bonds (1) $ 41,545 $ 42,633 Series 2016 Bonds (1) 147,261 149,582 Senior Notes due 2022 732,774 551,144 Senior Notes due 2025 463,455 283,965 ________________________________________________________ (1)

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents information related to our outstanding derivative contracts: Notional Amount Fair Value of Assets (1) Fair Value of Liabilities (1) Term September 30, 2019 Derivatives Designated in Cash Flow Hedges: Electricity swaps (MWh) 29,278 $ 29,378 $ — 7 to 10 years Non-hedge Derivative Instruments: Electricity swaps (MWh) 4,207 $ 1,873 $ — 7 to 10 years Crude oil forwards (BBL) 529 688 (147 ) 1 to 3 months December 31, 2018 Derivatives Designated in Cash Flow Hedges: Electricity swaps (MWh) — $ — $ — N/A Non-hedge Derivative Instruments: Electricity swaps (MWh) — $ — $ — N/A Crude oil forwards (BBL) 3,225 7,470 (925 ) 1 to 12 months ________________________________________________________ (1) Included in Other assets and Other liabilities, respectively, in our Consolidated Balance Sheets.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table presents a summary of the changes in fair value for all Level 3 derivatives: Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Electricity Swaps Crude Oil Forwards Total Electricity Swaps Crude Oil Forwards Total Beginning Balance $ 42,761 $ 4,277 $ 47,038 $ — $ 6,545 $ 6,545 Net unrealized (losses) gains recognized in earnings (644 ) (3,736 ) (4,380 ) 1,873 (6,003 ) (4,130 ) (Losses) gains recognized in other comprehensive income (10,866 ) — (10,866 ) 29,378 (1) — 29,378 Purchases — — — — 314 314 Sales — — — — (854 ) (854 ) Settlements — — — — 539 539 Ending Balance $ 31,251 $ 541 $ 31,792 $ 31,251 $ 541 $ 31,792 ________________________________________________________ (1) We entered this contract during the nine months ended September 30, 2019.
Derivative Instruments, Gain (Loss)	The following table presents pretax gains and losses on our derivative contracts: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Electricity Swaps: (Losses) gains recognized in other comprehensive income before reclassifications $ (10,866 ) $ — $ 29,378 $ — Gains (losses) reclassified from accumulated other comprehensive income — — — — (Losses) gains recognized in earnings (644 ) — 1,873 — Crude Oil Forwards: Losses recognized in earnings $ (3,736 ) $ (385 ) $ (6,003 ) $ (567 )

REVENUES (Tables)

REVENUES (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	We disaggregate our revenue from contracts with customers by products and services provided for each of our segments, as we believe it best depicts the nature, amount, timing and uncertainty of our revenue. Revenues attributed to our Equipment Leasing business unit are within the scope of ASC 840 prior to January 1, 2019 and ASC 842 after January 1, 2019, while revenues attributed to our Infrastructure business unit are within the scope of ASC 606, unless otherwise noted. Under the provisions of ASC 842, we have elected to exclude sales and other similar taxes from lease payments in arrangements where we are a lessor. Three Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Equipment leasing revenues Lease income $ 50,169 $ — $ — $ — $ 666 $ 50,835 Maintenance revenue 35,426 — — — — 35,426 Finance lease income 496 — — — — 496 Other revenue 214 — — — 288 502 Total equipment leasing revenues 86,305 — — — 954 87,259 Infrastructure revenues Lease income — 627 — 249 — 876 Rail revenues — — 10,251 — — 10,251 Terminal services revenues — 9,505 — 2,330 — 11,835 Crude marketing revenues — 50,405 — — — 50,405 Other revenue — — — 1,595 — 1,595 Total infrastructure revenues — 60,537 10,251 4,174 — 74,962 Total revenues $ 86,305 $ 60,537 $ 10,251 $ 4,174 $ 954 $ 162,221 Three Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Equipment leasing revenues Lease income $ 41,040 $ — $ — $ — $ 582 $ 41,622 Maintenance revenue 27,575 — — — — 27,575 Finance lease income 800 — — — 364 1,164 Other revenue 376 — — — 153 529 Total equipment leasing revenues 69,791 — — — 1,099 70,890 Infrastructure revenues Lease income — — — 273 — 273 Rail revenues — — 8,907 — — 8,907 Terminal services revenues — 2,522 — — — 2,522 Crude marketing revenues — 15,227 — — — 15,227 Other revenue — 87 — 3,249 — 3,336 Total infrastructure revenues — 17,836 8,907 3,522 — 30,265 Total revenues $ 69,791 $ 17,836 $ 8,907 $ 3,522 $ 1,099 $ 101,155 Nine Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Equipment leasing revenues Lease income $ 146,203 $ — $ — $ — $ 5,756 $ 151,959 Maintenance revenue 82,572 — — — — 82,572 Finance lease income 2,203 — — — — 2,203 Other revenue 719 — — — 1,458 2,177 Total equipment leasing revenues 231,697 — — — 7,214 238,911 Infrastructure revenues Lease income — 1,756 — 869 — 2,625 Rail revenues — — 30,735 — — 30,735 Terminal services revenues — 21,909 — 5,176 — 27,085 Crude marketing revenues — 140,388 — — — 140,388 Other revenue — — — 6,109 — 6,109 Total infrastructure revenues — 164,053 30,735 12,154 — 206,942 Total revenues $ 231,697 $ 164,053 $ 30,735 $ 12,154 $ 7,214 $ 445,853 Nine Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Equipment leasing revenues Lease income $ 109,663 $ — $ — $ — $ 4,699 $ 114,362 Maintenance revenue 67,000 — — — — 67,000 Finance lease income 1,047 — — — 1,096 2,143 Other revenue 934 — — — 1,565 2,499 Total equipment leasing revenues 178,644 — — — 7,360 186,004 Infrastructure revenues Lease income — — — 1,072 — 1,072 Rail revenues — — 28,742 — — 28,742 Terminal services revenues — 6,325 — — — 6,325 Crude marketing revenues — 15,227 — — — 15,227 Other revenue — 87 — 4,521 — 4,608 Total infrastructure revenues — 21,639 28,742 5,593 — 55,974 Total revenues $ 178,644 $ 21,639 $ 28,742 $ 5,593 $ 7,360 $ 241,978
Finance Lease, Lease Income	Presented below are the contracted minimum future annual revenues to be received under existing operating and finance leases across several market sectors as of September 30, 2019 : Operating Leases Finance Leases Remainder of 2019 $ 53,631 $ 446 2020 141,446 1,611 2021 102,367 1,291 2022 65,415 897 2023 44,061 273 Thereafter 40,271 — Total $ 447,191 $ 4,518
Operating Lease, Lease Income	Presented below are the contracted minimum future annual revenues to be received under existing operating and finance leases across several market sectors as of September 30, 2019 : Operating Leases Finance Leases Remainder of 2019 $ 53,631 $ 446 2020 141,446 1,611 2021 102,367 1,291 2022 65,415 897 2023 44,061 273 Thereafter 40,271 — Total $ 447,191 $ 4,518

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Lease, Cost	The following table presents lease related costs: Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Finance Leases Amortization of right-of-use assets $ 50 $ 149 Interest on lease liabilities 26 85 Finance lease expense 76 234 Operating lease expense 2,556 7,605 Short-term lease expense 612 2,344 Variable lease expense 578 1,475 Sublease income (279 ) (833 ) Total lease expense $ 3,543 $ 10,825
Supplemental Information Related to Leases	The following table presents information related to our operating leases as of and for the nine months ended September 30, 2019 : Right-of-use assets, net $ 42,590 Lease liabilities 43,036 Weighted average remaining lease term 36.4 years Weighted average incremental borrowing rate 7.1 % Cash paid for amounts included in the measurement of operating lease liabilities Operating cash flows $ 7,570
Lessee, Operating Lease, Liability, Maturity	The following table presents future minimum lease payments under non-cancellable operating leases as of September 30, 2019 : Remainder of 2019 $ 2,446 2020 6,190 2021 4,820 2022 4,067 2023 3,150 Thereafter 108,029 Total undiscounted lease payments 128,702 Less: Imputed interest 85,666 Total lease liabilities $ 43,036

EQUITY-BASED COMPENSATION (Tabl

EQUITY-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Schedule of Stock-based Compensation Arrangements	The Consolidated Statements of Operations includes the following expense related to our stock-based compensation arrangements: Three Months Ended September 30, Nine Months Ended September 30, Remaining Expense To Be Recognized, If All Vesting Conditions Are Met Weighted Average Remaining Contractual Term, (in years) 2019 2018 2019 2018 Stock Options $ — $ — $ — $ 9 $ — 9.0 Restricted Shares 273 89 819 269 1,322 1.1 Common Units 403 143 785 391 3,369 1.3 Total $ 676 $ 232 $ 1,604 $ 669 $ 4,691

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense	The current and deferred components of the income tax (benefit) provision included in the Consolidated Statements of Operations are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Current: Federal $ 16 $ 22 $ 86 $ 193 State and local 87 12 195 43 Foreign (17 ) (3 ) 143 47 Total current provision 86 31 424 283 Deferred: Federal — 419 (1,760 ) 1,096 State and local — 62 (639 ) 162 Foreign 918 39 1,133 39 Total deferred (benefit) provision 918 520 (1,266 ) 1,297 Total (benefit) provision for income taxes $ 1,004 $ 551 $ (842 ) $ 1,580

MANAGEMENT AGREEMENT AND AFFI_2

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following table summarizes amounts due to the Manager, which are included within accounts payable and accrued liabilities in the Consolidated Balance Sheets: September 30, 2019 December 31, 2018 Accrued management fees $ 1,206 $ 1,263 Other payables 13,390 3,965 The following table presents the amount of this non-controlling interest share of net loss: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Non-controlling interest share of net loss $ 5,030 $ 3,758 $ 12,885 $ 11,771 The following table summarizes the management fees, income incentive allocation and capital gains incentive allocation: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Management fees $ 3,642 $ 3,866 $ 10,817 $ 11,527 Income incentive allocation — — — — Capital gains incentive allocation 3,736 (20 ) 6,109 553 Total $ 7,378 $ 3,846 $ 16,926 $ 12,080 The following table summarizes our reimbursements to the Manager: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Classification in the Consolidated Statements of Operations: General and administrative expenses $ 4,397 $ 2,327 $ 9,959 $ 6,935 Acquisition and transaction expenses 4,040 1,375 7,810 4,426 Total $ 8,437 $ 3,702 $ 17,769 $ 11,361

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables set forth certain information for each reportable segment: I. For the Three Months Ended September 30, 2019 Three Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Equipment leasing revenues $ 86,305 $ — $ — $ — $ 954 $ 87,259 Infrastructure revenues — 60,537 10,251 4,174 — 74,962 Total revenues 86,305 60,537 10,251 4,174 954 162,221 Expenses Operating expenses 2,473 69,712 8,379 5,404 3,400 89,368 General and administrative — — — — 6,284 6,284 Acquisition and transaction expenses 65 — 275 — 5,278 5,618 Management fees and incentive allocation to affiliate — — — — 7,378 7,378 Depreciation and amortization 33,911 5,717 583 1,687 1,846 43,744 Interest expense — 3,927 301 469 20,791 25,488 Total expenses 36,449 79,356 9,538 7,560 44,977 177,880 Other income (expense) Equity in (losses) earnings of unconsolidated entities (885 ) (162 ) — — 73 (974 ) Gain on sale of equipment, net 37,060 — 1 — — 37,061 Interest income 31 26 13 47 4 121 Other income (expense) — 772 — (644 ) 1,003 1,131 Total other income (expense) 36,206 636 14 (597 ) 1,080 37,339 Income (loss) before income taxes 86,062 (18,183 ) 727 (3,983 ) (42,943 ) 21,680 Provision for income taxes 816 56 132 — — 1,004 Net income (loss) 85,246 (18,239 ) 595 (3,983 ) (42,943 ) 20,676 Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries — (5,031 ) 116 (80 ) — (4,995 ) Net income (loss) attributable to shareholders $ 85,246 $ (13,208 ) $ 479 $ (3,903 ) $ (42,943 ) $ 25,671 III. For the Three Months Ended September 30, 2018 Three Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Equipment leasing revenues $ 69,791 $ — $ — $ — $ 1,099 $ 70,890 Infrastructure revenues — 17,836 8,907 3,522 — 30,265 Total revenues 69,791 17,836 8,907 3,522 1,099 101,155 Expenses Operating expenses 2,115 23,893 8,274 3,634 3,751 41,667 General and administrative — — — — 4,012 4,012 Acquisition and transaction expenses 85 — — — 1,375 1,460 Management fees and incentive allocation to affiliate — — — — 3,846 3,846 Depreciation and amortization 26,343 4,999 613 840 1,627 34,422 Interest expense — 4,257 233 — 10,652 15,142 Total expenses 28,543 33,149 9,120 4,474 25,263 100,549 Other income (expense) Equity in (losses) earnings of unconsolidated entities (192 ) (363 ) — — 113 (442 ) Gain on sale of equipment, net 215 — 47 — — 262 Interest income 13 94 — — 4 111 Other income — 737 — — — 737 Total other income 36 468 47 — 117 668 Income (loss) before income taxes 41,284 (14,845 ) (166 ) (952 ) (24,047 ) 1,274 Provision for income taxes 540 11 — — — 551 Net income (loss) 40,744 (14,856 ) (166 ) (952 ) (24,047 ) 723 Less: Net loss attributable to non-controlling interests in consolidated subsidiaries — (3,759 ) (26 ) (70 ) — (3,855 ) Net income (loss) attributable to shareholders $ 40,744 $ (11,097 ) $ (140 ) $ (882 ) $ (24,047 ) $ 4,578 IV. For the Nine Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Equipment leasing revenues $ 178,644 $ — $ — $ — $ 7,360 $ 186,004 Infrastructure revenues — 21,639 28,742 5,593 — 55,974 Total revenues 178,644 21,639 28,742 5,593 7,360 241,978 Expenses Operating expenses 7,412 47,105 23,525 8,730 10,067 96,839 General and administrative — — — — 12,171 12,171 Acquisition and transaction expenses 308 — — — 4,426 4,734 Management fees and incentive allocation to affiliate — — — — 12,080 12,080 Depreciation and amortization 73,031 14,726 1,760 2,481 4,855 96,853 Interest expense — 12,070 719 545 26,536 39,870 Total expenses 80,751 73,901 26,004 11,756 70,135 262,547 Other income (expense) Equity in (losses) earnings of unconsolidated entities (542 ) (450 ) — — 394 (598 ) Gain on sale of equipment, net 5,198 — 55 — — 5,253 Interest income 119 230 — — 12 361 Other income — 2,074 — — — 2,074 Total other income 4,775 1,854 55 — 406 7,090 Income (loss) before income taxes 102,668 (50,408 ) 2,793 (6,163 ) (62,369 ) (13,479 ) Provision for income taxes 1,546 32 — — 2 1,580 Net income (loss) 101,122 (50,440 ) 2,793 (6,163 ) (62,371 ) (15,059 ) Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries (24 ) (20,017 ) 231 (94 ) — (19,904 ) Net income (loss) attributable to shareholders $ 101,146 $ (30,423 ) $ 2,562 $ (6,069 ) $ (62,371 ) $ 4,845 II. For the Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Equipment leasing revenues $ 231,697 $ — $ — $ — $ 7,214 $ 238,911 Infrastructure revenues — 164,053 30,735 12,154 — 206,942 Total revenues 231,697 164,053 30,735 12,154 7,214 445,853 Expenses Operating expenses 11,272 183,346 26,666 15,063 7,702 244,049 General and administrative — — — — 15,313 15,313 Acquisition and transaction expenses 78 — 275 — 9,047 9,400 Management fees and incentive allocation to affiliate — — — — 16,926 16,926 Depreciation and amortization 97,183 16,392 1,996 5,240 5,066 125,877 Interest expense — 12,375 949 1,113 57,826 72,263 Total expenses 108,533 212,113 29,886 21,416 111,880 483,828 Other income (expense) Equity in (losses) earnings of unconsolidated entities (1,328 ) (290 ) — — 91 (1,527 ) Gain on sale of equipment, net 61,388 12 16 — — 61,416 Interest income 85 97 17 241 12 452 Other income — 589 — 1,873 1,003 3,465 Total other income 60,145 408 33 2,114 1,106 63,806 Income (loss) before income taxes 183,309 (47,652 ) 882 (7,148 ) (103,560 ) 25,831 (Benefit from) provision for income taxes (1,373 ) 180 347 — 4 (842 ) Net income (loss) 184,682 (47,832 ) 535 (7,148 ) (103,564 ) 26,673 Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries — (12,885 ) 101 (166 ) — (12,950 ) Net income (loss) attributable to shareholders $ 184,682 $ (34,947 ) $ 434 $ (6,982 ) $ (103,564 ) $ 39,623
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The following table sets forth a reconciliation of Adjusted EBITDA to net income attributable to shareholders: Nine Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Adjusted EBITDA $ 304,578 $ (5,965 ) $ 4,063 $ (2,242 ) $ (25,872 ) $ 274,562 Add: Non-controlling share of Adjusted EBITDA 8,242 Add: Equity in losses of unconsolidated entities (1,527 ) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities 895 Less: Interest expense (72,263 ) Less: Depreciation and amortization expense (149,885 ) Less: Incentive allocations (6,109 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (4,130 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (9,400 ) Less: Equity-based compensation expense (1,604 ) Less: Benefit from income taxes 842 Net income attributable to shareholders $ 39,623 The following table sets forth a reconciliation of Adjusted EBITDA to net income attributable to shareholders: Three Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Adjusted EBITDA $ 72,452 $ (4,064 ) $ 699 $ 55 $ (10,371 ) $ 58,771 Add: Non-controlling share of Adjusted EBITDA 3,563 Add: Equity in losses of unconsolidated entities (442 ) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities (402 ) Less: Interest expense (15,142 ) Less: Depreciation and amortization expense (39,162 ) Less: Incentive allocations 20 Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (385 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (1,460 ) Less: Equity-based compensation expense (232 ) Less: Provision for income taxes (551 ) Net income attributable to shareholders $ 4,578 The following table sets forth a reconciliation of Adjusted EBITDA to net income attributable to shareholders: Three Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Adjusted EBITDA $ 126,758 $ (2,112 ) $ 1,901 $ (927 ) $ (11,478 ) $ 114,142 Add: Non-controlling share of Adjusted EBITDA 3,068 Add: Equity in losses of unconsolidated entities (974 ) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities 801 Less: Interest expense (25,488 ) Less: Depreciation and amortization expense (50,464 ) Less: Incentive allocations (3,736 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (4,380 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (5,618 ) Less: Equity-based compensation expense (676 ) Less: Provision for income taxes (1,004 ) Net income attributable to shareholders $ 25,671 The following table sets forth a reconciliation of Adjusted EBITDA to net income attributable to shareholders: Nine Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Adjusted EBITDA $ 193,488 $ (10,803 ) $ 5,022 $ (2,790 ) $ (25,809 ) $ 159,108 Add: Non-controlling share of Adjusted EBITDA 9,175 Add: Equity in losses of unconsolidated entities (598 ) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities (385 ) Less: Interest expense (39,870 ) Less: Depreciation and amortization expense (114,482 ) Less: Incentive allocations (553 ) Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (567 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (4,734 ) Less: Equity-based compensation expense (669 ) Less: Provision for income taxes (1,580 ) Net income attributable to shareholders $ 4,845
Revenue from External Customers by Geographic Areas	Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Nine Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Africa $ 10,155 $ — $ — $ — $ — $ 10,155 Asia 76,301 — — — 7,214 83,515 Europe 110,515 — — — — 110,515 North America 28,708 164,053 30,735 12,154 — 235,650 South America 6,018 — — — — 6,018 Total $ 231,697 $ 164,053 $ 30,735 $ 12,154 $ 7,214 $ 445,853 Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Three Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Africa $ 3,374 $ — $ — $ — $ — $ 3,374 Asia 24,983 — — — 734 25,717 Europe 30,794 — — — — 30,794 North America 8,894 17,836 8,907 3,522 365 39,524 South America 1,746 — — — — 1,746 Total $ 69,791 $ 17,836 $ 8,907 $ 3,522 $ 1,099 $ 101,155 Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Three Months Ended September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Africa $ 4,470 $ — $ — $ — $ — $ 4,470 Asia 28,777 — — — 954 29,731 Europe 43,217 — — — — 43,217 North America 8,278 60,537 10,251 4,174 — 83,240 South America 1,563 — — — — 1,563 Total $ 86,305 $ 60,537 $ 10,251 $ 4,174 $ 954 $ 162,221 Summary information with respect to our geographic sources of revenue, based on location of customer, is as follows: Nine Months Ended September 30, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Revenues Africa $ 6,779 $ — $ — $ — $ — $ 6,779 Asia 48,275 — — — 6,264 54,539 Europe 98,570 — — — — 98,570 North America 22,848 21,639 28,742 5,593 1,096 79,918 South America 2,172 — — — — 2,172 Total $ 178,644 $ 21,639 $ 28,742 $ 5,593 $ 7,360 $ 241,978
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated	V. Balance Sheet and Location of Long-Lived Assets The following tables sets forth summarized balance sheet information and the geographic location of property, plant and equipment and leasing equipment, net as of September 30, 2019 and December 31, 2018 : September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Total assets $ 1,516,379 $ 753,366 $ 72,984 $ 535,071 $ 257,213 $ 3,135,013 Debt, net — 234,602 23,057 126,184 1,198,419 1,582,262 Total liabilities 267,445 313,677 42,072 167,792 1,238,375 2,029,361 Non-controlling interests in equity of consolidated subsidiaries — 39,992 3,796 726 523 45,037 Total equity 1,248,934 439,689 30,912 367,279 (981,162 ) 1,105,652 Total liabilities and equity $ 1,516,379 $ 753,366 $ 72,984 $ 535,071 $ 257,213 $ 3,135,013 December 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Total assets $ 1,367,074 $ 670,682 $ 64,286 $ 277,160 $ 259,576 $ 2,638,778 Debt, net — 234,862 22,239 — 980,246 1,237,347 Total liabilities 234,449 288,256 37,207 16,615 1,008,469 1,584,996 Non-controlling interests in equity of consolidated subsidiaries — 52,058 3,258 544 523 56,383 Total equity 1,132,625 382,426 27,079 260,545 (748,893 ) 1,053,782 Total liabilities and equity $ 1,367,074 $ 670,682 $ 64,286 $ 277,160 $ 259,576 $ 2,638,778 December 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Property, plant and equipment and leasing equipment, net Africa $ 47,353 $ — $ — $ — $ — $ 47,353 Asia 383,648 — — — 34,667 418,315 Europe 592,670 — — — 121,950 714,620 North America 177,962 433,404 51,157 263,747 — 926,270 South America 34,505 — — — — 34,505 Total $ 1,236,138 $ 433,404 $ 51,157 $ 263,747 $ 156,617 $ 2,141,063
Long-lived Assets by Geographic Areas	December 31, 2018 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Property, plant and equipment and leasing equipment, net Africa $ 47,353 $ — $ — $ — $ — $ 47,353 Asia 383,648 — — — 34,667 418,315 Europe 592,670 — — — 121,950 714,620 North America 177,962 433,404 51,157 263,747 — 926,270 South America 34,505 — — — — 34,505 Total $ 1,236,138 $ 433,404 $ 51,157 $ 263,747 $ 156,617 $ 2,141,063 September 30, 2019 Equipment Leasing Infrastructure Aviation Leasing Jefferson Terminal Railroad Ports and Terminals Corporate and Other Total Property, plant and equipment and leasing equipment, net Africa $ 44,312 $ — $ — $ — $ — $ 44,312 Asia 430,746 — — — 37,370 468,116 Europe 637,793 — — — — 637,793 North America 165,042 492,711 54,470 432,386 119,504 1,264,113 South America 29,397 — — — — 29,397 Total $ 1,307,290 $ 492,711 $ 54,470 $ 432,386 $ 156,874 $ 2,443,731

EARNINGS PER SHARE AND EQUITY (

EARNINGS PER SHARE AND EQUITY (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The calculation of basic and diluted EPS is presented below: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except share and per share data) 2019 2018 2019 2018 Net income (loss) $ 20,676 $ 723 $ 26,673 $ (15,059 ) Less: Net loss attributable to non-controlling interests in consolidated subsidiaries (4,995 ) (3,855 ) (12,950 ) (19,904 ) Net income attributable to shareholders $ 25,671 $ 4,578 $ 39,623 $ 4,845 Weighted Average Common Shares Outstanding - Basic (1) 85,996,067 84,708,071 85,990,131 83,178,546 Weighted Average Common Shares Outstanding - Diluted (1) 86,005,604 84,709,656 86,013,539 83,179,181 Basic EPS $ 0.30 $ 0.05 $ 0.46 $ 0.06 Diluted EPS $ 0.30 $ 0.05 $ 0.46 $ 0.06 ________________________________________________________ (1) The three and nine months ended September 30, 2019 includes 1.1 million equivalent participating securities which can be converted into a fixed amount of our shares.

ORGANIZATION (Details)

ORGANIZATION (Details)	9 Months Ended
	Sep. 30, 2019segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	4
Number of primary businesses	2

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended			9 Months Ended		12 Months Ended
	Apr. 30, 2019USD ($)	Sep. 30, 2019USD ($)$ / shares	Sep. 30, 2018USD ($)$ / shares	Sep. 30, 2016USD ($)	Sep. 30, 2019USD ($)customer$ / shares	Sep. 30, 2018USD ($)$ / shares	Dec. 31, 2018USD ($)customer	Jan. 01, 2019USD ($)	Jun. 16, 2017	Dec. 31, 2016	Jul. 01, 2016
Accounting Policies [Line Items]
Inventory		$ 18,800			$ 18,800		$ 0
Debt issuance cost		21,192			21,192		14,510
Debt fees		19,100			19,100		$ 1,500
Amortization of deferred financing costs		2,000	$ 1,700		5,995	$ 4,164
Concentration risk, number of customers | customer							2
Provision for doubtful accounts		1,200			1,200		$ 1,100
Bad debt expense		$ 100	$ 100		$ 3,139	$ 1,586
Common stock dividends declared (in dollars per share) | $ / shares		$ 0.33	$ 0.33		$ 0.99	$ 0.99
Operating lease right-of-use assets, net		$ 42,590			$ 42,590		0	$ 46,000
Other Assets
Accounting Policies [Line Items]
Inventory		16,600			16,600		10,400
Leasing equipment, purchase deposits		31,300			31,300		10,200
Capitalized costs, potential asset acquisitions		52,400			52,400		51,000
Prepaid expense		14,300			14,300		8,200
Derivative assets		$ 31,900			$ 31,900		$ 7,500
Jefferson Terminal
Accounting Policies [Line Items]
Concentration risk, number of customers | customer					1
Customer Group Two | Customer Concentration Risk | Sales Revenue, Segment
Accounting Policies [Line Items]
Concentration risk		17.00%	15.00%		19.00%
Major Accounts Receivable Customer, Customer One | Customer Concentration Risk | Accounts Receivable
Accounting Policies [Line Items]
Concentration risk					12.00%		17.00%
Major Accounts Receivable Customer, Customer Two | Customer Concentration Risk | Accounts Receivable
Accounting Policies [Line Items]
Concentration risk							15.00%
Delaware River Partners LLC
Accounting Policies [Line Items]
Ownership of other party, percentage	8.00%
Payments to acquire businesses, gross	$ 4,500
Variable Interest Entity, Primary Beneficiary | Delaware River Partners LLC
Accounting Policies [Line Items]
Ownership percentage											98.00%
Variable Interest Entity, Primary Beneficiary | Ohio River Partners
Accounting Policies [Line Items]
Ownership percentage									100.00%
JGP Energy Partners LLC
Accounting Policies [Line Items]
Interest held in VIE, as a percentage				50.00%
Ownership of other party, percentage				50.00%
Equity method investment contribution amount				$ 54,000
Ownership percentage		50.00%			50.00%					50.00%
JGP Energy Partners LLC | FIG
Accounting Policies [Line Items]
Equity method investment contribution amount				$ 27,000

LEASING EQUIPMENT, NET (Details

LEASING EQUIPMENT, NET (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)aircraftcommercial_jet_engine	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Lessor, Lease, Description [Line Items]
Leasing equipment	$ 1,026,691		$ 1,026,691		$ 770,366
Less: accumulated depreciation	(83,158)		(83,158)		(63,032)
Property, plant and equipment, net	945,052		$ 945,052		708,853
Number of aircraft acquired | aircraft			14
Commercial jet engines acquired | commercial_jet_engine			24
Aircraft sold | aircraft			5
Commercial engines sold | commercial_jet_engine			37
Depreciation expense for leasing equipment	6,822	$ 5,273	$ 20,117	$ 15,435
Gain on sale of equipment, net	37,061	262	61,416	5,253
Assets Leased to Others
Lessor, Lease, Description [Line Items]
Leasing equipment	1,787,431		1,787,431		1,672,156
Less: accumulated depreciation	(288,752)		(288,752)		(239,946)
Property, plant and equipment, net	1,498,679		1,498,679		$ 1,432,210
Depreciation expense for leasing equipment	$ 36,034	$ 28,249	$ 103,080	$ 78,719

FINANCE LEASES, NET - Summary (

FINANCE LEASES, NET - Summary (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)airframe	Dec. 31, 2018USD ($)
Leases [Abstract]
Finance leases	$ 13,138	$ 28,476
Unearned revenue	(4,518)	(9,853)
Finance leases, net	$ 8,620	$ 18,623
Number of airframes | airframe	3
Proceeds from insurance	$ 1,000

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,026,691	$ 770,366
Less: accumulated depreciation	(83,158)	(63,032)
Property, plant and equipment, net	945,052	708,853
Unproved oil and gas property	58,359	59,930
Land, site improvements and rights
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	74,660	75,028
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	412,829	253,239
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	15,626	14,514
Terminal machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	426,165	349,227
Proved oil and gas properties
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	37,451	20,099
Track and track related assets
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	42,833	42,349
Railroad equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,636	5,383
Railcars and locomotives
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,682	4,513
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,831	3,806
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	805	572
Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,173	1,636
Spare parts
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,519	$ 1,519

PROPERTY, PLANT AND EQUIPMENT_4

PROPERTY, PLANT AND EQUIPMENT, NET - Narrative (Details)	Feb. 15, 2019USD ($)$ / MWMW	Sep. 30, 2019USD ($)
Property, Plant and Equipment [Line Items]
Property, plant and equipment acquired		$ 256,300,000
Fixed power price agreement | MW	457
Weighted average fixed price | $ / MW	27.30
Kiewit Power Constructors Co
Property, Plant and Equipment [Line Items]
Power plant mega watts | MW	485
Contractual obligation	$ 430,000,000
Construction Loan And Term Loan
Property, Plant and Equipment [Line Items]
Line of credit, maximum borrowing capacity	445,000,000
Letter of Credit
Property, Plant and Equipment [Line Items]
Line of credit, maximum borrowing capacity	154,000,000
Second Lien Construction Loans
Property, Plant and Equipment [Line Items]
Line of credit, maximum borrowing capacity	$ 143,000,000
Power Price Cache One
Property, Plant and Equipment [Line Items]
Fixed power price agreement | MW	207
Term of price agreement portion	10 years
Power Price Cache Two
Property, Plant and Equipment [Line Items]
Fixed power price agreement | MW	250
Term of price agreement portion	7 years

PROPERTY, PLANT AND EQUIPMENT_5

PROPERTY, PLANT AND EQUIPMENT, NET - Depreciation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
Depreciation expense for property, plant and equipment	$ 6,822	$ 5,273	$ 20,117	$ 15,435

INVESTMENTS - Ownership Carryin

INVESTMENTS - Ownership Carrying Values (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Aug. 31, 2019	Dec. 31, 2018	Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 51,109		$ 40,560
Advanced Engine Repair JV
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	25.00%	25.00%		25.00%
Carrying Value	$ 25,153		12,981	$ 15,000
JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50.00%			50.00%
Carrying Value	$ 25,171		25,461
Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	51.00%
Carrying Value	$ 785		$ 2,118

INVESTMENTS - Earnings (Loss) (

INVESTMENTS - Earnings (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Schedule of Equity Method Investments [Line Items]
Earnings (loss)	$ (974)	$ (442)	$ (1,527)	$ (598)
Advanced Engine Repair JV
Schedule of Equity Method Investments [Line Items]
Earnings (loss)	(885)	(192)	(1,328)	(542)
JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Earnings (loss)	(162)	(363)	(290)	(450)
Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Earnings (loss)	$ 73	$ 113	$ 91	$ 394

INVESTMENTS - Narrative (Detail

INVESTMENTS - Narrative (Details) shipping_container in Thousands, $ in Thousands	1 Months Ended	3 Months Ended
	Aug. 31, 2019USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2019USD ($)shipping_container	Dec. 31, 2018USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]
Carrying value			$ 51,109	$ 40,560
Advanced Engine Repair JV
Schedule of Equity Method Investments [Line Items]
Carrying value			$ 25,153	12,981	$ 15,000
Ownership percentage	25.00%		25.00%		25.00%
Equity method investment contribution amount	$ (13,500)
JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Carrying value			$ 25,171	25,461
Ownership percentage			50.00%		50.00%
Equity method investment contribution amount		$ 54,000
Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Carrying value			$ 785	$ 2,118
Ownership percentage			51.00%
Shipping Containers Subject to Multiple Operating Leases | Containers | Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Shipping containers subject to multiple operating leases | shipping_container			4
FIG | JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Equity method investment contribution amount		$ 27,000
FIG | Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership percentage						51.00%
Equity Investor | Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership percentage						49.00%

INTANGIBLE ASSETS AND LIABILI_3

INTANGIBLE ASSETS AND LIABILITIES, NET - Summarized Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Intangible assets:
Total intangible assets, net	$ 30,182	$ 38,513
Intangible liabilities:
Acquired unfavorable lease intangibles	4,235	3,736
Less: Accumulated amortization	(2,627)	(2,114)
Acquired unfavorable lease intangibles, net	1,608	1,622
Off-Market Favorable Lease
Intangible assets:
Acquired favorable lease intangibles	49,533	48,143
Less: Accumulated amortization	(36,821)	(29,780)
Acquired customer relationships, net	12,712	18,363
Customer relationships
Intangible assets:
Acquired favorable lease intangibles	35,738	35,738
Less: Accumulated amortization	(18,268)	(15,588)
Acquired customer relationships, net	17,470	20,150
Operating Segments | Aviation Leasing
Intangible assets:
Total intangible assets, net	12,712	18,363
Intangible liabilities:
Acquired unfavorable lease intangibles	4,235	3,736
Less: Accumulated amortization	(2,627)	(2,114)
Acquired unfavorable lease intangibles, net	1,608	1,622
Operating Segments | Aviation Leasing | Off-Market Favorable Lease
Intangible assets:
Acquired favorable lease intangibles	49,533	48,143
Less: Accumulated amortization	(36,821)	(29,780)
Acquired customer relationships, net	12,712	18,363
Operating Segments | Aviation Leasing | Customer relationships
Intangible assets:
Acquired favorable lease intangibles	0	0
Less: Accumulated amortization	0	0
Acquired customer relationships, net	0	0
Operating Segments | Jefferson Terminal
Intangible assets:
Total intangible assets, net	17,470	20,135
Intangible liabilities:
Acquired unfavorable lease intangibles	0	0
Less: Accumulated amortization	0	0
Acquired unfavorable lease intangibles, net	0	0
Operating Segments | Jefferson Terminal | Off-Market Favorable Lease
Intangible assets:
Acquired favorable lease intangibles	0	0
Less: Accumulated amortization	0	0
Acquired customer relationships, net	0	0
Operating Segments | Jefferson Terminal | Customer relationships
Intangible assets:
Acquired favorable lease intangibles	35,513	35,513
Less: Accumulated amortization	(18,043)	(15,378)
Acquired customer relationships, net	17,470	20,135
Operating Segments | Railroad
Intangible assets:
Total intangible assets, net	0	15
Intangible liabilities:
Acquired unfavorable lease intangibles	0	0
Less: Accumulated amortization	0	0
Acquired unfavorable lease intangibles, net	0	0
Operating Segments | Railroad | Off-Market Favorable Lease
Intangible assets:
Acquired favorable lease intangibles	0	0
Less: Accumulated amortization	0	0
Acquired customer relationships, net	0	0
Operating Segments | Railroad | Customer relationships
Intangible assets:
Acquired favorable lease intangibles	225	225
Less: Accumulated amortization	(225)	(210)
Acquired customer relationships, net	$ 0	$ 15

INTANGIBLE ASSETS AND LIABILI_4

INTANGIBLE ASSETS AND LIABILITIES, NET - Intangible Liabilities Amortization (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Finite-Lived Intangible Assets [Line Items]
Total	$ 1,960	$ 2,987	$ 8,416	$ 8,842
Equipment leasing revenues | Lease intangibles
Finite-Lived Intangible Assets [Line Items]
Lease intangibles	1,072	2,087	5,736	6,143
Depreciation and amortization | Customer relationships
Finite-Lived Intangible Assets [Line Items]
Customer relationships	$ 888	$ 900	$ 2,680	$ 2,699

INTANGIBLE ASSETS AND LIABILI_5

INTANGIBLE ASSETS AND LIABILITIES, NET - Schedule of Future Amortization Expense (Details) $ in Thousands	Sep. 30, 2019USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of 2019	$ 3,242
2020	7,725
2021	6,745
2022	4,764
2023	3,720
Thereafter	2,378
Total	$ 28,574

DEBT, NET - Schedule of Debt (D

DEBT, NET - Schedule of Debt (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Debt	$ 1,603,454	$ 1,251,857
Less: Debt issuance costs	(21,192)	(14,510)
Total debt, net	1,582,262	1,237,347
Total debt due within one year	189,066	71,678
Loans payable
Debt Instrument [Line Items]
Debt	275,769	219,813
Loans payable | FTAI Pride Credit Agreement
Debt Instrument [Line Items]
Debt	43,056	47,743
Loans payable | CMQR Credit Agreement
Debt Instrument [Line Items]
Debt	23,275	22,265
Loans payable | Jefferson Revolver
Debt Instrument [Line Items]
Debt	$ 50,000	49,805
Quarterly commitment fee rate	0.50%
Basis spread	1.50%
Loans payable | DRP Revolver
Debt Instrument [Line Items]
Debt	$ 25,000	0
Quarterly commitment fee rate	0.875%
Basis spread	1.50%
Loans payable | LREG Credit Agreement
Debt Instrument [Line Items]
Debt	$ 104,438	0
Quarterly commitment fee rate	1.50%
Loans payable | LREG Second Lien Credit Agreement
Debt Instrument [Line Items]
Quarterly commitment fee rate	1.00%
Bonds payable
Debt Instrument [Line Items]
Debt	$ 1,327,685	1,032,044
Bonds payable | Series 2012 Bonds
Debt Instrument [Line Items]
Debt	$ 41,080	42,797
Stated percentage	8.25%
Unamortized premium	$ 1,530	1,577
Bonds payable | Series 2016 Bonds
Debt Instrument [Line Items]
Debt	$ 144,200	144,200
Stated percentage	7.25%
Bonds payable | Senior Notes Due 2022
Debt Instrument [Line Items]
Debt	$ 697,625	549,405
Stated percentage	6.75%
Unamortized premium	$ 3,579	4,559
Unamortized discount	5,954	5,154
Bonds payable | Senior Notes Due 2025
Debt Instrument [Line Items]
Debt	$ 444,780	295,642
Stated percentage	6.50%
Unamortized premium	$ 5,220	4,358
Revolving Credit Facility | Loans payable
Debt Instrument [Line Items]
Debt	$ 30,000	$ 100,000
London Interbank Offered Rate (LIBOR) | Loans payable | FTAI Pride Credit Agreement
Debt Instrument [Line Items]
Basis spread	4.50%
London Interbank Offered Rate (LIBOR) | Loans payable | LREG Credit Agreement
Debt Instrument [Line Items]
Basis spread	7.30%
London Interbank Offered Rate (LIBOR) | Loans payable | LREG Second Lien Credit Agreement
Debt Instrument [Line Items]
Basis spread	7.50%
Eurodollar | Jefferson Revolver
Debt Instrument [Line Items]
Basis spread	2.50%
Eurodollar | DRP Revolver
Debt Instrument [Line Items]
Basis spread	2.50%
Eurodollar | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread	2.00%
Adjusted Eurodollar Rate | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread	3.00%
Minimum | London Interbank Offered Rate (LIBOR) | Loans payable | CMQR Credit Agreement
Debt Instrument [Line Items]
Basis spread	2.50%
Minimum | Base Rate | Loans payable | CMQR Credit Agreement
Debt Instrument [Line Items]
Basis spread	1.50%
Minimum | Base Rate | Loans payable | LREG Credit Agreement
Debt Instrument [Line Items]
Basis spread	2.50%
Minimum | Canadian Fixed Rate | Loans payable | CMQR Credit Agreement
Debt Instrument [Line Items]
Basis spread	2.50%
Maximum | London Interbank Offered Rate (LIBOR) | Loans payable | CMQR Credit Agreement
Debt Instrument [Line Items]
Basis spread	4.50%
Maximum | Base Rate | Loans payable | CMQR Credit Agreement
Debt Instrument [Line Items]
Basis spread	3.50%
Maximum | Base Rate | Loans payable | LREG Credit Agreement
Debt Instrument [Line Items]
Basis spread	3.50%
Maximum | Canadian Fixed Rate | Loans payable | CMQR Credit Agreement
Debt Instrument [Line Items]
Basis spread	4.50%

DEBT, NET - Narrative (Details)

DEBT, NET - Narrative (Details)	Aug. 06, 2019	Aug. 05, 2019	Feb. 08, 2019USD ($)	Feb. 07, 2019	Dec. 20, 2018USD ($)	Sep. 30, 2019USD ($)	May 21, 2019USD ($)	Feb. 15, 2019USD ($)	Dec. 19, 2018USD ($)
Jefferson Revolver
Debt Instrument [Line Items]
Line of credit facility increase					$ 25,000,000
Line of credit, maximum borrowing capacity					75,000,000				$ 50,000,000
Repayments of debt					23,000,000
Long-term line of credit					$ 50,000,000
Senior Notes Due 2022 | Bonds payable
Debt Instrument [Line Items]
Debt instrument face amount			$ 150,000,000
Redemption price			98.50%
Senior Notes Due 2025 | Bonds payable
Debt Instrument [Line Items]
Debt instrument face amount							$ 150,000,000
Redemption price							99.125%
Amended Credit Agreement
Debt Instrument [Line Items]
Line of credit facility increase			$ 125,000,000
Line of credit, maximum borrowing capacity			250,000,000
Long-term line of credit			$ 125,000,000
Conversion ratio	3	2	2	1.65
Construction Loan And Term Loan
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity								$ 445,000,000
Letter of Credit
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity								154,000,000
Receivable						$ 121,000,000
Remaining borrowing capacity						$ 33,000,000
Letter of Credit | First Lien Agreement
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity								179,000,000
Second Lien Construction Loans
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity								143,000,000
Long-term line of credit								$ 71,500,000

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Total assets	$ 182,523	$ 128,307
Liabilities
Derivative liabilities	(147)	(925)
Level 1
Assets
Total assets	150,584	120,837
Liabilities
Derivative liabilities	0	0
Level 2
Assets
Total assets	0	0
Liabilities
Derivative liabilities	0	0
Level 3
Assets
Total assets	31,939	7,470
Liabilities
Derivative liabilities	(147)	(925)
Market
Assets
Cash and cash equivalents	99,343	99,601
Restricted cash	51,241	21,236
Market | Level 1
Assets
Cash and cash equivalents	99,343	99,601
Restricted cash	51,241	21,236
Market | Level 2
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Market | Level 3
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Income
Assets
Derivative assets	31,939	7,470
Liabilities
Derivative liabilities	(147)	(925)
Income | Level 1
Assets
Derivative assets	0	0
Liabilities
Derivative liabilities	0	0
Income | Level 2
Assets
Derivative assets	0	0
Liabilities
Derivative liabilities	0	0
Income | Level 3
Assets
Derivative assets	31,939	7,470
Liabilities
Derivative liabilities	$ (147)	$ (925)

FAIR VALUE MEASUREMENTS (Fair V

FAIR VALUE MEASUREMENTS (Fair Value by Balance Sheet Grouping) (Details) - Estimate of Fair Value Measurement - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Series 2012 Bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable, fair value disclosure	$ 41,545	$ 42,633
Series 2016 Bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable, fair value disclosure	147,261	149,582
Senior Notes due 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable, fair value disclosure	732,774	551,144
Senior Notes due 2025
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable, fair value disclosure	$ 463,455	$ 283,965

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Derivative Instruments (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Electricity swaps (MWh) | Derivatives Designated in Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Notional Amount	$ 29,278	$ 0
Fair Value of Assets	29,378	0
Fair Value of Liabilities	0	0
Electricity swaps (MWh) | Non-hedge Derivative Instruments:
Derivatives, Fair Value [Line Items]
Notional Amount	4,207	0
Fair Value of Assets	1,873	0
Fair Value of Liabilities	0	0
Crude oil forwards (BBL) | Non-hedge Derivative Instruments:
Derivatives, Fair Value [Line Items]
Notional Amount	529	3,225
Fair Value of Assets	688	7,470
Fair Value of Liabilities	$ (147)	$ (925)
Minimum | Electricity swaps (MWh) | Derivatives Designated in Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Term of contract	7 years
Minimum | Electricity swaps (MWh) | Non-hedge Derivative Instruments:
Derivatives, Fair Value [Line Items]
Term of contract	7 years
Minimum | Crude oil forwards (BBL) | Derivatives Designated in Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Term of contract	1 month	1 month
Maximum | Electricity swaps (MWh) | Derivatives Designated in Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Term of contract	10 years
Maximum | Electricity swaps (MWh) | Non-hedge Derivative Instruments:
Derivatives, Fair Value [Line Items]
Term of contract	10 years
Maximum | Crude oil forwards (BBL) | Derivatives Designated in Cash Flow Hedges:
Derivatives, Fair Value [Line Items]
Term of contract	3 months	12 months

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Level 3 Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 47,038	$ 6,545
Net unrealized (losses) gains recognized in earnings	(4,380)	(4,130)
(Losses) gains recognized in other comprehensive income	(10,866)	29,378
Purchases	0	314
Sales	0	(854)
Settlements	0	539
Ending Balance	31,792	31,792
Electricity Swaps
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	42,761	0
Net unrealized (losses) gains recognized in earnings	(644)	1,873
(Losses) gains recognized in other comprehensive income	(10,866)	29,378
Purchases	0	0
Sales	0	0
Settlements	0	0
Ending Balance	31,251	31,251
Crude Oil Forwards
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	4,277	6,545
Net unrealized (losses) gains recognized in earnings	(3,736)	(6,003)
(Losses) gains recognized in other comprehensive income	0	0
Purchases	0	314
Sales	0	(854)
Settlements	0	539
Ending Balance	$ 541	$ 541

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Derivative Gain (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Maximum length of time over which we are hedging forecasted electricity sales			13 years
Electricity swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
(Losses) gains recognized in other comprehensive income before reclassifications	$ (10,866)	$ 0	$ 29,378	$ 0
Gains (losses) reclassified from accumulated other comprehensive income	0	0	0	0
Losses recognized in earnings	(644)	0	1,873	0
Crude oil forwards
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Losses recognized in earnings	$ (3,736)	$ (385)	$ (6,003)	$ (567)

REVENUES - Components of Revenu

REVENUES - Components of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Total revenues	$ 162,221	$ 101,155	$ 445,853	$ 241,978
Total equipment leasing revenues
Disaggregation of Revenue [Line Items]
Total revenues	87,259	70,890	238,911	186,004
Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues	74,962	30,265	206,942	55,974
Equipment Leasing | Lease income
Disaggregation of Revenue [Line Items]
Total revenues	50,835	41,622	151,959	114,362
Equipment Leasing | Maintenance revenue
Disaggregation of Revenue [Line Items]
Total revenues	35,426	27,575	82,572	67,000
Equipment Leasing | Finance lease income
Disaggregation of Revenue [Line Items]
Total revenues	496	1,164	2,203	2,143
Equipment Leasing | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	502	529	2,177	2,499
Equipment Leasing | Total equipment leasing revenues
Disaggregation of Revenue [Line Items]
Total revenues	87,259	70,890	238,911	186,004
Infrastructure | Lease income
Disaggregation of Revenue [Line Items]
Total revenues	876	273	2,625	1,072
Infrastructure | Rail revenues
Disaggregation of Revenue [Line Items]
Total revenues	10,251	8,907	30,735	28,742
Infrastructure | Terminal services revenues
Disaggregation of Revenue [Line Items]
Total revenues	11,835	2,522	27,085	6,325
Infrastructure | Crude marketing revenues
Disaggregation of Revenue [Line Items]
Total revenues	50,405	15,227	140,388	15,227
Infrastructure | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	1,595	3,336	6,109	4,608
Infrastructure | Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues	74,962	30,265	206,942	55,974
Aviation Leasing | Equipment Leasing
Disaggregation of Revenue [Line Items]
Total revenues	86,305	69,791	231,697	178,644
Aviation Leasing | Equipment Leasing | Lease income
Disaggregation of Revenue [Line Items]
Total revenues	50,169	41,040	146,203	109,663
Aviation Leasing | Equipment Leasing | Maintenance revenue
Disaggregation of Revenue [Line Items]
Total revenues	35,426	27,575	82,572	67,000
Aviation Leasing | Equipment Leasing | Finance lease income
Disaggregation of Revenue [Line Items]
Total revenues	496	800	2,203	1,047
Aviation Leasing | Equipment Leasing | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	214	376	719	934
Aviation Leasing | Equipment Leasing | Total equipment leasing revenues
Disaggregation of Revenue [Line Items]
Total revenues	86,305	69,791	231,697	178,644
Jefferson Terminal | Infrastructure
Disaggregation of Revenue [Line Items]
Total revenues	60,537	17,836	164,053	21,639
Jefferson Terminal | Infrastructure | Lease income
Disaggregation of Revenue [Line Items]
Total revenues	627	0	1,756	0
Jefferson Terminal | Infrastructure | Rail revenues
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Jefferson Terminal | Infrastructure | Terminal services revenues
Disaggregation of Revenue [Line Items]
Total revenues	9,505	2,522	21,909	6,325
Jefferson Terminal | Infrastructure | Crude marketing revenues
Disaggregation of Revenue [Line Items]
Total revenues	50,405	15,227	140,388	15,227
Jefferson Terminal | Infrastructure | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	0	87	0	87
Jefferson Terminal | Infrastructure | Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues	60,537	17,836	164,053	21,639
Railroad | Infrastructure
Disaggregation of Revenue [Line Items]
Total revenues	10,251	8,907	30,735	28,742
Railroad | Infrastructure | Lease income
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Railroad | Infrastructure | Rail revenues
Disaggregation of Revenue [Line Items]
Total revenues	10,251	8,907	30,735	28,742
Railroad | Infrastructure | Terminal services revenues
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Railroad | Infrastructure | Crude marketing revenues
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Railroad | Infrastructure | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Railroad | Infrastructure | Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues	10,251	8,907	30,735	28,742
Ports and Terminals | Infrastructure
Disaggregation of Revenue [Line Items]
Total revenues	4,174	3,522	12,154	5,593
Ports and Terminals | Infrastructure | Lease income
Disaggregation of Revenue [Line Items]
Total revenues	249	273	869	1,072
Ports and Terminals | Infrastructure | Rail revenues
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Ports and Terminals | Infrastructure | Terminal services revenues
Disaggregation of Revenue [Line Items]
Total revenues	2,330	0	5,176	0
Ports and Terminals | Infrastructure | Crude marketing revenues
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Ports and Terminals | Infrastructure | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	1,595	3,249	6,109	4,521
Ports and Terminals | Infrastructure | Total infrastructure revenues
Disaggregation of Revenue [Line Items]
Total revenues	4,174	3,522	12,154	5,593
Corporate and Other
Disaggregation of Revenue [Line Items]
Total revenues	954	1,099	7,214	7,360
Corporate and Other | Lease income
Disaggregation of Revenue [Line Items]
Total revenues	666	582	5,756	4,699
Corporate and Other | Maintenance revenue
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Corporate and Other | Finance lease income
Disaggregation of Revenue [Line Items]
Total revenues	0	364	0	1,096
Corporate and Other | Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	288	153	1,458	1,565
Corporate and Other | Total equipment leasing revenues
Disaggregation of Revenue [Line Items]
Total revenues	$ 954	$ 1,099	$ 7,214	$ 7,360

REVENUES - Minimum Future Annua

REVENUES - Minimum Future Annual Revenues (Details) $ in Thousands	Sep. 30, 2019USD ($)
Operating Leases
Remainder of 2019	$ 53,631
2020	141,446
2021	102,367
2022	65,415
2023	44,061
Thereafter	40,271
Total	447,191
Finance Leases
Remainder of 2019	446
2020	1,611
2021	1,291
2022	897
2023	273
Thereafter	0
Total	$ 4,518

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets, net	$ 42,590	$ 46,000	$ 0
Lease not yet commenced, amount	$ 800
Lease not yet commenced, term of contract	7 years
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	2 months
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	46 years
Real Estate and Office Equipment
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets, net	$ 1,400
Real Estate and Office Equipment | Minimum
Lessee, Lease, Description [Line Items]
Term of contract	5 years
Real Estate and Office Equipment | Maximum
Lessee, Lease, Description [Line Items]
Term of contract	46 years

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Amortization of right-of-use assets	$ 50	$ 149
Interest on lease liabilities	26	85
Finance lease expense	76	234
Operating lease expense	2,556	7,605
Short-term lease expense	612	2,344
Variable lease expense	578	1,475
Sublease income	(279)	(833)
Total lease expense	$ 3,543	$ 10,825

LEASES - Supplemental Informati

LEASES - Supplemental Information Related to Leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Leases [Abstract]
Right-of-use assets, net	$ 42,590	$ 46,000	$ 0
Lease liabilities	$ 43,036		$ 0
Weighted average remaining lease term	36 years 4 months 24 days
Weighted average incremental borrowing rate	7.10%
Cash paid for amounts included in the measurement of operating lease liabilities
Operating cash flows	$ 7,570

LEASES - Future Payments (Detai

LEASES - Future Payments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Operating leases
Remainder of 2019	$ 2,446
2020	6,190
2021	4,820
2022	4,067
2023	3,150
Thereafter	108,029
Total undiscounted lease payments	128,702
Less: Imputed interest	85,666
Total lease liabilities	$ 43,036	$ 0

EQUITY-BASED COMPENSATION (Narr

EQUITY-BASED COMPENSATION (Narrative) (Details) $ / shares in Units, $ in Millions	1 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2019USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares transferred (in shares)		165,268
Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)	30,000,000	30,000,000
Common Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		1,110,000
Granted fair value | $		$ 3.4
Award term		3 years
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted fair value | $		$ 1.5
Award term		3 years
Number of shares issued in period		113,121
Shares vested (in shares)		25,138
Series A Preferred Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)	575,384
Granted (in dollars per share) | $ / shares	$ 14.99
Fair value of stock options grants | $	$ 0.7
Risk free interest rate	1.45%
Expected dividend yield	8.02%
Expected volatility	21.45%
Expected term	10 years

EQUITY-BASED COMPENSATION - Exp

EQUITY-BASED COMPENSATION - Expenses Related to Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 676	$ 232	$ 1,604	$ 669
Remaining Expense To Be Recognized, If All Vesting Conditions Are Met	4,691		4,691
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	0	0	0	9
Remaining Expense To Be Recognized, If All Vesting Conditions Are Met	0		$ 0
Weighted Average Remaining Contractual Term (in years)			9 years
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	273	89	$ 819	269
Remaining Expense To Be Recognized, If All Vesting Conditions Are Met	1,322		$ 1,322
Weighted Average Remaining Contractual Term (in years)			1 year 1 month 6 days
Common Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	403	$ 143	$ 785	$ 391
Remaining Expense To Be Recognized, If All Vesting Conditions Are Met	$ 3,369		$ 3,369
Weighted Average Remaining Contractual Term (in years)			1 year 3 months 18 days

INCOME TAXES - Components of In

INCOME TAXES - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Current:
Federal	$ 16	$ 22	$ 86	$ 193
State and local	87	12	195	43
Foreign	(17)	(3)	143	47
Total current provision	86	31	424	283
Deferred:
Federal	0	419	(1,760)	1,096
State and local	0	62	(639)	162
Foreign	918	39	1,133	39
Total deferred (benefit) provision	918	520	(1,266)	1,297
Total (benefit) provision for income taxes	$ 1,004	$ 551	$ (842)	$ 1,580

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details)	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
U.S. federal tax at statutory rate	21.00%

MANAGEMENT AGREEMENT AND AFFI_3

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS (Details) - USD ($) shares in Millions	Jun. 21, 2018	May 31, 2015	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 20, 2018
Related Party Transaction [Line Items]
Ownership percentage by manager		0.05%
Management fees and incentive allocation to affiliate			$ 7,378,000	$ 3,846,000	$ 16,926,000	$ 12,080,000
Non-controlling interest share of net loss			$ (4,995,000)	(3,855,000)	$ (12,950,000)	(19,904,000)
Shares issued, conversion of shares (in shares)	1.9
Jefferson Terminal
Related Party Transaction [Line Items]
Non-controlling interest ownership percentage	20.00%		20.00%		20.00%
Non-controlling interest by private equity fund			$ 38,100,000		$ 38,100,000		$ 51,100,000
Non-controlling interest share of net loss			5,030,000	3,758,000	$ 12,885,000	11,771,000
Manager | Management fees
Related Party Transaction [Line Items]
Management fee percentage rate					1.50%
Due from related party			0		$ 0		0
Manager | Bond Purchase Agreement Guarantee Fees
Related Party Transaction [Line Items]
Amounts of transaction					1,700,000
Management fee payable								$ 300,000
General Partner
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate			7,378,000	3,846,000	16,926,000	12,080,000
Management fees and incentive allocation to affiliate			8,437,000	3,702,000	17,769,000	11,361,000
General Partner | Management fees
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate			3,642,000	3,866,000	10,817,000	11,527,000
General Partner | Income incentive allocation
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate			0	0	0	0
General Partner | Capital gains incentive allocation
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate			3,736,000	(20,000)	6,109,000	553,000
General Partner | General and administrative expenses
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate			4,397,000	2,327,000	9,959,000	6,935,000
General Partner | Acquisition and transaction expenses
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate			4,040,000	$ 1,375,000	7,810,000	$ 4,426,000
Accounts Payable and Accrued Liabilities | Manager
Related Party Transaction [Line Items]
Accrued management fees			1,206,000		1,206,000		1,263,000
Other payables			$ 13,390,000		$ 13,390,000		$ 3,965,000
Threshold 1 | Fortress Worldwide Transportation and Infrastructure Master GP LLP | Income incentive allocation
Related Party Transaction [Line Items]
Pre-incentive income allocation					0.00%
Quarterly percent threshold of pre-incentive allocation net income					2.00%
Annual percent threshold of pre-incentive allocation net income					8.00%
Threshold 2 | Fortress Worldwide Transportation and Infrastructure Master GP LLP | Income incentive allocation
Related Party Transaction [Line Items]
Pre-incentive income allocation					100.00%
Threshold 2 | Fortress Worldwide Transportation and Infrastructure Master GP LLP | Income incentive allocation | Minimum
Related Party Transaction [Line Items]
Quarterly percent threshold of pre-incentive allocation net income					2.00%
Threshold 2 | Fortress Worldwide Transportation and Infrastructure Master GP LLP | Income incentive allocation | Maximum
Related Party Transaction [Line Items]
Quarterly percent threshold of pre-incentive allocation net income					2.2223%
Threshold 3 | Fortress Worldwide Transportation and Infrastructure Master GP LLP | Income incentive allocation
Related Party Transaction [Line Items]
Pre-incentive income allocation					10.00%

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	9 Months Ended
	Sep. 30, 2019asegment
Segment Reporting Information [Line Items]
Number of reportable segments | segment	4
Repauno
Segment Reporting Information [Line Items]
Area of real estate	1,630
Hannibal
Segment Reporting Information [Line Items]
Area of real estate	1,660

SEGMENT INFORMATION - Statement

SEGMENT INFORMATION - Statement of Income by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ 114,142	$ 58,771			$ 274,562	$ 159,108
Revenues
Total revenues	162,221	101,155			445,853	241,978
Expenses
Operating expenses	89,368	41,667			244,049	96,839
General and administrative	6,284	4,012			15,313	12,171
Acquisition and transaction expenses	5,618	1,460			9,400	4,734
Management fees and incentive allocation to affiliate	7,378	3,846			16,926	12,080
Depreciation and amortization	43,744	34,422			125,877	96,853
Interest expense	25,488	15,142			72,263	39,870
Total expenses	177,880	100,549			483,828	262,547
Other income (expense)
Equity in losses of unconsolidated entities	(974)	(442)			(1,527)	(598)
Gain on sale of equipment, net	37,061	262			61,416	5,253
Interest income	121	111			452	361
Other income	1,131	737			3,465	2,074
Total other income	37,339	668			63,806	7,090
Income (loss) before income taxes	21,680	1,274			25,831	(13,479)
Provision for (benefit from) income taxes	1,004	551			(842)	1,580
Net income (loss)	20,676	723	$ 5,997	$ (15,782)	26,673	(15,059)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(4,995)	(3,855)			(12,950)	(19,904)
Net income attributable to shareholders	25,671	4,578			39,623	4,845
Africa
Revenues
Total revenues	4,470	3,374			10,155	6,779
Asia
Revenues
Total revenues	29,731	25,717			83,515	54,539
Europe
Revenues
Total revenues	43,217	30,794			110,515	98,570
North America
Revenues
Total revenues	83,240	39,524			235,650	79,918
South America
Revenues
Total revenues	1,563	1,746			6,018	2,172
Equipment Leasing
Revenues
Total revenues	87,259	70,890			238,911	186,004
Infrastructure
Revenues
Total revenues	74,962	30,265			206,942	55,974
Other income (expense)
Income (loss) before income taxes
Operating Segments
Other income (expense)
Income (loss) before income taxes
Corporate and Other
Segment Reporting Information [Line Items]
Adjusted EBITDA	(11,478)	(10,371)			(25,872)	(25,809)
Revenues
Total revenues	954	1,099			7,214	7,360
Expenses
Operating expenses	3,400	3,751			7,702	10,067
General and administrative	6,284	4,012			15,313	12,171
Acquisition and transaction expenses	5,278	1,375			9,047	4,426
Management fees and incentive allocation to affiliate	7,378	3,846			16,926	12,080
Depreciation and amortization	1,846	1,627			5,066	4,855
Interest expense	20,791	10,652			57,826	26,536
Total expenses	44,977	25,263			111,880	70,135
Other income (expense)
Equity in losses of unconsolidated entities	73	113			91	394
Gain on sale of equipment, net	0	0			0	0
Interest income	4	4			12	12
Other income	1,003	0			1,003	0
Total other income	1,080	117			1,106	406
Income (loss) before income taxes	(42,943)	(24,047)			(103,560)	(62,369)
Provision for (benefit from) income taxes	0	0			4	2
Net income (loss)	(42,943)	(24,047)			(103,564)	(62,371)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	0	0			0	0
Net income attributable to shareholders	(42,943)	(24,047)			(103,564)	(62,371)
Corporate and Other | Africa
Revenues
Total revenues	0	0			0	0
Corporate and Other | Asia
Revenues
Total revenues	954	734			7,214	6,264
Corporate and Other | Europe
Revenues
Total revenues	0	0			0	0
Corporate and Other | North America
Revenues
Total revenues	0	365			0	1,096
Corporate and Other | South America
Revenues
Total revenues	0	0			0	0
Aviation Leasing | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Adjusted EBITDA	126,758	72,452			304,578	193,488
Revenues
Total revenues	86,305	69,791			231,697	178,644
Expenses
Operating expenses	2,473	2,115			11,272	7,412
General and administrative	0	0			0	0
Acquisition and transaction expenses	65	85			78	308
Management fees and incentive allocation to affiliate	0	0			0	0
Depreciation and amortization	33,911	26,343			97,183	73,031
Interest expense	0	0			0	0
Total expenses	36,449	28,543			108,533	80,751
Other income (expense)
Equity in losses of unconsolidated entities	(885)	(192)			(1,328)	(542)
Gain on sale of equipment, net	37,060	215			61,388	5,198
Interest income	31	13			85	119
Other income	0	0			0	0
Total other income	36,206	36			60,145	4,775
Income (loss) before income taxes	86,062	41,284			183,309	102,668
Provision for (benefit from) income taxes	816	540			(1,373)	1,546
Net income (loss)	85,246	40,744			184,682	101,122
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	0	0			0	(24)
Net income attributable to shareholders	85,246	40,744			184,682	101,146
Aviation Leasing | Operating Segments | Equipment Leasing | Africa
Revenues
Total revenues	4,470	3,374			10,155	6,779
Aviation Leasing | Operating Segments | Equipment Leasing | Asia
Revenues
Total revenues	28,777	24,983			76,301	48,275
Aviation Leasing | Operating Segments | Equipment Leasing | Europe
Revenues
Total revenues	43,217	30,794			110,515	98,570
Aviation Leasing | Operating Segments | Equipment Leasing | North America
Revenues
Total revenues	8,278	8,894			28,708	22,848
Aviation Leasing | Operating Segments | Equipment Leasing | South America
Revenues
Total revenues	1,563	1,746			6,018	2,172
Jefferson Terminal | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Adjusted EBITDA	(2,112)	(4,064)			(5,965)	(10,803)
Revenues
Total revenues	60,537	17,836			164,053	21,639
Expenses
Operating expenses	69,712	23,893			183,346	47,105
General and administrative	0	0			0	0
Acquisition and transaction expenses	0	0			0	0
Management fees and incentive allocation to affiliate	0	0			0	0
Depreciation and amortization	5,717	4,999			16,392	14,726
Interest expense	3,927	4,257			12,375	12,070
Total expenses	79,356	33,149			212,113	73,901
Other income (expense)
Equity in losses of unconsolidated entities	(162)	(363)			(290)	(450)
Gain on sale of equipment, net	0	0			12	0
Interest income	26	94			97	230
Other income	772	737			589	2,074
Total other income	636	468			408	1,854
Income (loss) before income taxes	(18,183)	(14,845)			(47,652)	(50,408)
Provision for (benefit from) income taxes	56	11			180	32
Net income (loss)	(18,239)	(14,856)			(47,832)	(50,440)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(5,031)	(3,759)			(12,885)	(20,017)
Net income attributable to shareholders	(13,208)	(11,097)			(34,947)	(30,423)
Jefferson Terminal | Operating Segments | Infrastructure | Africa
Revenues
Total revenues	0	0			0	0
Jefferson Terminal | Operating Segments | Infrastructure | Asia
Revenues
Total revenues	0	0			0	0
Jefferson Terminal | Operating Segments | Infrastructure | Europe
Revenues
Total revenues	0	0			0	0
Jefferson Terminal | Operating Segments | Infrastructure | North America
Revenues
Total revenues	60,537	17,836			164,053	21,639
Jefferson Terminal | Operating Segments | Infrastructure | South America
Revenues
Total revenues	0	0			0	0
Railroad | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Adjusted EBITDA	1,901	699			4,063	5,022
Revenues
Total revenues	10,251	8,907			30,735	28,742
Expenses
Operating expenses	8,379	8,274			26,666	23,525
General and administrative	0	0			0	0
Acquisition and transaction expenses	275	0			275	0
Management fees and incentive allocation to affiliate	0	0			0	0
Depreciation and amortization	583	613			1,996	1,760
Interest expense	301	233			949	719
Total expenses	9,538	9,120			29,886	26,004
Other income (expense)
Equity in losses of unconsolidated entities	0	0			0	0
Gain on sale of equipment, net	1	47			16	55
Interest income	13	0			17	0
Other income	0	0			0	0
Total other income	14	47			33	55
Income (loss) before income taxes	727	(166)			882	2,793
Provision for (benefit from) income taxes	132	0			347	0
Net income (loss)	595	(166)			535	2,793
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	116	(26)			101	231
Net income attributable to shareholders	479	(140)			434	2,562
Railroad | Operating Segments | Infrastructure | Africa
Revenues
Total revenues	0	0			0	0
Railroad | Operating Segments | Infrastructure | Asia
Revenues
Total revenues	0	0			0	0
Railroad | Operating Segments | Infrastructure | Europe
Revenues
Total revenues	0	0			0	0
Railroad | Operating Segments | Infrastructure | North America
Revenues
Total revenues	10,251	8,907			30,735	28,742
Railroad | Operating Segments | Infrastructure | South America
Revenues
Total revenues	0	0			0	0
Ports and Terminals | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Adjusted EBITDA	(927)	55			(2,242)	(2,790)
Revenues
Total revenues	4,174	3,522			12,154	5,593
Expenses
Operating expenses	5,404	3,634			15,063	8,730
General and administrative	0	0			0	0
Acquisition and transaction expenses	0	0			0	0
Management fees and incentive allocation to affiliate	0	0			0	0
Depreciation and amortization	1,687	840			5,240	2,481
Interest expense	469	0			1,113	545
Total expenses	7,560	4,474			21,416	11,756
Other income (expense)
Equity in losses of unconsolidated entities	0	0			0	0
Gain on sale of equipment, net	0	0			0	0
Interest income	47	0			241	0
Other income	(644)	0			1,873	0
Total other income	(597)	0			2,114	0
Income (loss) before income taxes	(3,983)	(952)			(7,148)	(6,163)
Provision for (benefit from) income taxes	0	0			0	0
Net income (loss)	(3,983)	(952)			(7,148)	(6,163)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(80)	(70)			(166)	(94)
Net income attributable to shareholders	(3,903)	(882)			(6,982)	(6,069)
Ports and Terminals | Operating Segments | Infrastructure | Africa
Revenues
Total revenues	0	0			0	0
Ports and Terminals | Operating Segments | Infrastructure | Asia
Revenues
Total revenues	0	0			0	0
Ports and Terminals | Operating Segments | Infrastructure | Europe
Revenues
Total revenues	0	0			0	0
Ports and Terminals | Operating Segments | Infrastructure | North America
Revenues
Total revenues	4,174	3,522			12,154	5,593
Ports and Terminals | Operating Segments | Infrastructure | South America
Revenues
Total revenues	$ 0	$ 0			$ 0	$ 0

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Adjusted Net Income to Net Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ 114,142	$ 58,771	$ 274,562	$ 159,108
Add: Non-controlling share of adjustments to Adjusted Net Income	3,068	3,563	8,242	9,175
Equity in losses of unconsolidated entities	(974)	(442)	(1,527)	(598)
Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities	801	(402)	895	(385)
Less: Interest expense	(25,488)	(15,142)	(72,263)	(39,870)
Less: Depreciation and amortization expense	(50,464)	(39,162)	(149,885)	(114,482)
Less: Incentive allocations	(3,736)	20	(6,109)	(553)
Less: Asset impairment charges	0	0	0	0
Less: Changes in fair value of non-hedge derivative instruments	(4,380)	(385)	(4,130)	(567)
Less: Losses on the modification or extinguishment of debt and capital lease obligations	0	0	0	0
Less: Acquisition and transaction expenses	(5,618)	(1,460)	(9,400)	(4,734)
Less: Equity-based compensation expense	(676)	(232)	(1,604)	(669)
Less: Provision for income taxes	(1,004)	(551)	842	(1,580)
Net income attributable to shareholders	25,671	4,578	39,623	4,845
Corporate and Other
Segment Reporting Information [Line Items]
Adjusted EBITDA	(11,478)	(10,371)	(25,872)	(25,809)
Equity in losses of unconsolidated entities	73	113	91	394
Less: Interest expense	(20,791)	(10,652)	(57,826)	(26,536)
Less: Acquisition and transaction expenses	(5,278)	(1,375)	(9,047)	(4,426)
Less: Provision for income taxes	0	0	(4)	(2)
Net income attributable to shareholders	(42,943)	(24,047)	(103,564)	(62,371)
Aviation Leasing | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Adjusted EBITDA	126,758	72,452	304,578	193,488
Equity in losses of unconsolidated entities	(885)	(192)	(1,328)	(542)
Less: Interest expense	0	0	0	0
Less: Acquisition and transaction expenses	(65)	(85)	(78)	(308)
Less: Provision for income taxes	(816)	(540)	1,373	(1,546)
Net income attributable to shareholders	85,246	40,744	184,682	101,146
Jefferson Terminal | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Adjusted EBITDA	(2,112)	(4,064)	(5,965)	(10,803)
Equity in losses of unconsolidated entities	(162)	(363)	(290)	(450)
Less: Interest expense	(3,927)	(4,257)	(12,375)	(12,070)
Less: Acquisition and transaction expenses	0	0	0	0
Less: Provision for income taxes	(56)	(11)	(180)	(32)
Net income attributable to shareholders	(13,208)	(11,097)	(34,947)	(30,423)
Railroad | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Adjusted EBITDA	1,901	699	4,063	5,022
Equity in losses of unconsolidated entities	0	0	0	0
Less: Interest expense	(301)	(233)	(949)	(719)
Less: Acquisition and transaction expenses	(275)	0	(275)	0
Less: Provision for income taxes	(132)	0	(347)	0
Net income attributable to shareholders	479	(140)	434	2,562
Ports and Terminals | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Adjusted EBITDA	(927)	55	(2,242)	(2,790)
Equity in losses of unconsolidated entities	0	0	0	0
Less: Interest expense	(469)	0	(1,113)	(545)
Less: Acquisition and transaction expenses	0	0	0	0
Less: Provision for income taxes	0	0	0	0
Net income attributable to shareholders	$ (3,903)	$ (882)	$ (6,982)	$ (6,069)

SEGMENT INFORMATION - Summary o

SEGMENT INFORMATION - Summary of Geographic Sources of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Total revenues	$ 162,221	$ 101,155	$ 445,853	$ 241,978
Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues	87,259	70,890	238,911	186,004
Infrastructure
Segment Reporting Information [Line Items]
Total revenues	74,962	30,265	206,942	55,974
Corporate and Other
Segment Reporting Information [Line Items]
Total revenues	954	1,099	7,214	7,360
Africa
Segment Reporting Information [Line Items]
Total revenues	4,470	3,374	10,155	6,779
Africa | Corporate and Other
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Asia
Segment Reporting Information [Line Items]
Total revenues	29,731	25,717	83,515	54,539
Asia | Corporate and Other
Segment Reporting Information [Line Items]
Total revenues	954	734	7,214	6,264
Europe
Segment Reporting Information [Line Items]
Total revenues	43,217	30,794	110,515	98,570
Europe | Corporate and Other
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
North America
Segment Reporting Information [Line Items]
Total revenues	83,240	39,524	235,650	79,918
North America | Corporate and Other
Segment Reporting Information [Line Items]
Total revenues	0	365	0	1,096
South America
Segment Reporting Information [Line Items]
Total revenues	1,563	1,746	6,018	2,172
South America | Corporate and Other
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Aviation Leasing | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues	86,305	69,791	231,697	178,644
Aviation Leasing | Africa | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues	4,470	3,374	10,155	6,779
Aviation Leasing | Asia | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues	28,777	24,983	76,301	48,275
Aviation Leasing | Europe | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues	43,217	30,794	110,515	98,570
Aviation Leasing | North America | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues	8,278	8,894	28,708	22,848
Aviation Leasing | South America | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total revenues	1,563	1,746	6,018	2,172
Jefferson Terminal | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	60,537	17,836	164,053	21,639
Jefferson Terminal | Africa | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Jefferson Terminal | Asia | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Jefferson Terminal | Europe | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Jefferson Terminal | North America | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	60,537	17,836	164,053	21,639
Jefferson Terminal | South America | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Railroad | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	10,251	8,907	30,735	28,742
Railroad | Africa | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Railroad | Asia | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Railroad | Europe | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Railroad | North America | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	10,251	8,907	30,735	28,742
Railroad | South America | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Ports and Terminals | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	4,174	3,522	12,154	5,593
Ports and Terminals | Africa | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Ports and Terminals | Asia | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Ports and Terminals | Europe | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Ports and Terminals | North America | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	4,174	3,522	12,154	5,593
Ports and Terminals | South America | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total revenues	$ 0	$ 0	$ 0	$ 0

SEGMENT INFORMATION - Balance S

SEGMENT INFORMATION - Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total assets	$ 3,135,013	$ 2,638,778
Debt, net	1,582,262	1,237,347
Total liabilities	2,029,361	1,584,996
Equity
Non-controlling interest in equity of consolidated subsidiaries	45,037	56,383
Total equity	1,105,652	1,053,782
Total liabilities and equity	3,135,013	2,638,778
Corporate and Other
Segment Reporting Information [Line Items]
Total assets	257,213	259,576
Debt, net	1,198,419	980,246
Total liabilities	1,238,375	1,008,469
Equity
Non-controlling interest in equity of consolidated subsidiaries	523	523
Total equity	(981,162)	(748,893)
Total liabilities and equity	257,213	259,576
Aviation Leasing | Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total assets	1,516,379	1,367,074
Debt, net	0	0
Total liabilities	267,445	234,449
Equity
Non-controlling interest in equity of consolidated subsidiaries	0	0
Total equity	1,248,934	1,132,625
Total liabilities and equity	1,516,379	1,367,074
Jefferson Terminal | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total assets	753,366	670,682
Debt, net	234,602	234,862
Total liabilities	313,677	288,256
Equity
Non-controlling interest in equity of consolidated subsidiaries	39,992	52,058
Total equity	439,689	382,426
Total liabilities and equity	753,366	670,682
Railroad | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total assets	72,984	64,286
Debt, net	23,057	22,239
Total liabilities	42,072	37,207
Equity
Non-controlling interest in equity of consolidated subsidiaries	3,796	3,258
Total equity	30,912	27,079
Total liabilities and equity	72,984	64,286
Ports and Terminals | Operating Segments | Infrastructure
Segment Reporting Information [Line Items]
Total assets	535,071	277,160
Debt, net	126,184	0
Total liabilities	167,792	16,615
Equity
Non-controlling interest in equity of consolidated subsidiaries	726	544
Total equity	367,279	260,545
Total liabilities and equity	$ 535,071	$ 277,160

SEGMENT INFORMATION - Location

SEGMENT INFORMATION - Location of Long-Lived Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	$ 1,498,679	$ 1,432,210
Property, plant and equipment and leasing equipment, net
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	2,443,731	2,141,063
Property, plant and equipment and leasing equipment, net | Africa
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	44,312	47,353
Property, plant and equipment and leasing equipment, net | Asia
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	468,116	418,315
Property, plant and equipment and leasing equipment, net | Europe
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	637,793	714,620
Property, plant and equipment and leasing equipment, net | North America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	1,264,113	926,270
Property, plant and equipment and leasing equipment, net | South America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	29,397	34,505
Corporate and Other | Property, plant and equipment and leasing equipment, net
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	156,874	156,617
Corporate and Other | Property, plant and equipment and leasing equipment, net | Africa
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Corporate and Other | Property, plant and equipment and leasing equipment, net | Asia
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	37,370	34,667
Corporate and Other | Property, plant and equipment and leasing equipment, net | Europe
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	121,950
Corporate and Other | Property, plant and equipment and leasing equipment, net | North America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	119,504	0
Corporate and Other | Property, plant and equipment and leasing equipment, net | South America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Aviation Leasing | Operating Segments | Equipment Leasing | Property, plant and equipment and leasing equipment, net
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	1,307,290	1,236,138
Aviation Leasing | Operating Segments | Equipment Leasing | Property, plant and equipment and leasing equipment, net | Africa
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	44,312	47,353
Aviation Leasing | Operating Segments | Equipment Leasing | Property, plant and equipment and leasing equipment, net | Asia
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	430,746	383,648
Aviation Leasing | Operating Segments | Equipment Leasing | Property, plant and equipment and leasing equipment, net | Europe
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	637,793	592,670
Aviation Leasing | Operating Segments | Equipment Leasing | Property, plant and equipment and leasing equipment, net | North America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	165,042	177,962
Aviation Leasing | Operating Segments | Equipment Leasing | Property, plant and equipment and leasing equipment, net | South America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	29,397	34,505
Jefferson Terminal | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	492,711	433,404
Jefferson Terminal | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net | Africa
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Jefferson Terminal | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net | Asia
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Jefferson Terminal | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net | Europe
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Jefferson Terminal | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net | North America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	492,711	433,404
Jefferson Terminal | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net | South America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Railroad | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	54,470	51,157
Railroad | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net | Africa
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Railroad | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net | Asia
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Railroad | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net | Europe
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Railroad | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net | North America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	54,470	51,157
Railroad | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net | South America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Ports and Terminals | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	432,386	263,747
Ports and Terminals | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net | Africa
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Ports and Terminals | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net | Asia
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Ports and Terminals | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net | Europe
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	0	0
Ports and Terminals | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net | North America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	432,386	263,747
Ports and Terminals | Operating Segments | Infrastructure | Property, plant and equipment and leasing equipment, net | South America
Segment Reporting Information [Line Items]
Property, plant and equipment and equipment held for lease, net	$ 0	$ 0

EARNINGS PER SHARE AND EQUITY -

EARNINGS PER SHARE AND EQUITY - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Net income (loss)	$ 20,676	$ 723	$ 5,997	$ (15,782)	$ 26,673	$ (15,059)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(4,995)	(3,855)			(12,950)	(19,904)
Net income attributable to shareholders	$ 25,671	$ 4,578			$ 39,623	$ 4,845
Weighted Average Common Shares Outstanding - Basic (in shares)	85,996,067	84,708,071			85,990,131	83,178,546
Weighted Average Common Shares Outstanding - Diluted (in shares)	86,005,604	84,709,656			86,013,539	83,179,181
Basic (in dollars per share)	$ 0.30	$ 0.05			$ 0.46	$ 0.06
Diluted (in dollars per share)	$ 0.30	$ 0.05			$ 0.46	$ 0.06
Participating securities (in shares)	1,100,000

EARNINGS PER SHARE AND EQUITY_2

EARNINGS PER SHARE AND EQUITY - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		3 Months Ended		9 Months Ended
	Sep. 30, 2019	Jan. 31, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)			165,232	6,793	140,313	43,472
Stocks issued during period for services (in shares)		26,125
Shares issued (in shares)					826,124
Preferred stock, shares issued (in shares)	3,450,000,000		3,450,000,000		3,450,000,000		0
Preferred stock, par value (in dollars per share)	$ 0.01		$ 0.01		$ 0.01		$ 0.01
Proceeds from issuance of preferred shares, net of underwriter's discount and issuance costs					$ 82,888	$ 0
Series A Preferred Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Preferred stock, shares issued (in shares)	3,450,000		3,450,000		3,450,000
Fixed-to-floating rate	8.25%		8.25%		8.25%
Preferred stock, par value (in dollars per share)	$ 0.01		$ 0.01		$ 0.01
Preferred stock, liquidation preference per share	$ 25		$ 25		$ 25
Stock options granted (in shares)	575,384
Exercise price of stock options	$ 14.99
Fair value of stock options grants	$ 700
Risk-free interest rate	1.45%
Dividend yield	8.02%
Expected volatility	21.45%
Expected term	10 years
Class B Unit
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares converted (in shares)					1,115,483

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details)	9 Months Ended
	Sep. 30, 2019USD ($)
Minimum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	$ 0
Maximum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	3,300,000
Repauno
Loss Contingencies [Line Items]
Potential milestone payment	15,000,000
Hannibal
Loss Contingencies [Line Items]
Potential milestone payment	$ 5,000,000

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Millions	Oct. 31, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)		$ 0.33	$ 0.33	$ 0.99	$ 0.99
Subsequent Event
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)	$ 0.33
Ownership interest to be purchased from joint venture partner	50.00%
Purchase price for joint venture interest, transaction pending	$ 29
Preferred Series A | Subsequent Event
Subsequent Event [Line Items]
Preferred stock dividends declared (in dollars per share)	$ 0.53