Resource America (REXI) 10-Q 11 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	1-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	RESOURCE AMERICA, INC.
Entity Central Index Key	83402
Current Fiscal Year End Date	-19
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Amendment Flag	FALSE
Entity Common Stock, Shares Outstanding		22,976,718

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Assets:
Cash	$24,909	$27,542
Loans and receivables from managed entities and related parties, net	26,787	30,303
Investments in real estate, net	16,833	17,097
Investment securities, at fair value	9,785	9,540
Investments in unconsolidated entities (see Note 8)	13,105	13,089
Assets of consolidated variable interest entity (VIE)-RSO (see Note 19):
Investment securities, at fair value	9,785	9,540
Total assets	3,102,307	2,900,842
Liabilities:
Payables to managed entities and related parties	2,165	3,015
Borrowings	21,174	20,412
Liabilities of consolidated VIE-RSO (see Note 19):
Borrowings	21,174	20,412
Total liabilities	2,027,109	1,820,399
Equity:
Preferred stock, $1.00 par value, 1,000,000 shares authorized; none outstanding	0	0
Common stock, $.01 par value, 49,000,000 shares authorized; 34,975,726 and 34,489,568 shares issued (including nonvested restricted stock of 1,165,119 and 833,082), respectively	338	335
Additional paid-in capital	308,877	308,134
Accumulated deficit	-24,632	-23,663
Treasury stock, at cost; 12,001,772 and 11,764,417 shares, respectively	-122,305	-120,182
Accumulated other comprehensive loss	-1,139	-1,030
Total stockholders’ equity	161,139	163,594
Total equity	1,075,198	1,080,443
Total liabilities and equity	3,102,307	2,900,842
RAI [Member]
Assets:
Cash	24,909	27,542
Restricted cash	798	725
Receivables	714	636
Loans and receivables from managed entities and related parties, net	26,787	30,303
Investments in real estate, net	16,833	17,097
Investment securities, at fair value	9,785	9,540
Investments in unconsolidated loan manager (see Note 8)	40,292	39,655
Investments in unconsolidated entities (see Note 8)	13,105	13,089
Assets of consolidated variable interest entity (VIE)-RSO (see Note 19):
Investment securities, at fair value	9,785	9,540
Property and equipment, net	5,739	5,063
Deferred tax assets, net	22,015	23,304
Other assets	8,684	5,416
Liabilities:
Accrued expenses and other liabilities	21,631	22,279
Payables to managed entities and related parties	2,165	3,015
Borrowings	21,174	20,412
Liabilities of consolidated VIE-RSO (see Note 19):
Borrowings	21,174	20,412
Commitments and contingencies
Equity:
Preferred stock, $1.00 par value, 1,000,000 shares authorized; none outstanding	0
Common stock, $.01 par value, 49,000,000 shares authorized; 34,975,726 and 34,489,568 shares issued (including nonvested restricted stock of 1,165,119 and 833,082), respectively	338
Additional paid-in capital	308,877
Accumulated deficit	-24,632
Treasury stock, at cost; 12,001,772 and 11,764,417 shares, respectively	-122,305
Accumulated other comprehensive loss	-1,139
Total stockholders’ equity	161,139
Noncontrolling interests	313	306
RSO [Member]
Assets:
Investment securities, at fair value	313,840	296,506
Assets of consolidated variable interest entity (VIE)-RSO (see Note 19):
Cash and cash equivalents (including restricted cash)	244,129	202,043
Investment securities, at fair value	313,840	296,506
Loans	2,209,175	2,038,435
Investments in real estate and unconsolidated entities	55,668	60,007
Other assets	109,834	131,481
Total assets of consolidated VIE-RSO	2,932,646	2,728,472
Total assets	2,932,646
Liabilities:
Borrowings	1,924,932	1,717,132
Liabilities of consolidated VIE-RSO (see Note 19):
Borrowings	1,924,932	1,717,132
Other liabilities	57,207	57,561
Total liabilities of consolidated VIE-RSO	1,982,139	1,774,693
Total liabilities	1,982,139
Equity:
Noncontrolling interests	$913,746	$916,543

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Equity:
Preferred stock, par value (in dollars per share)	$1	$1
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	49,000,000	49,000,000
Common stock, shares issued (in shares)	34,975,726	34,489,568
Common stock restricted shares (in shares)	1,165,119	883,082
Treasury stock shares (in shares)	12,001,772	11,764,417

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
REVENUES:
Total revenues	$42,189	$42,616
COSTS AND EXPENSES:
General and administrative	3,297	3,154
Provision for credit losses	402	1,208
Depreciation and amortization	457	451
Costs and expenses	36,916	26,646
OPERATING INCOME	5,273	15,970
OTHER INCOME (EXPENSE):
Interest expense	-421	-483
Other (expense) income	11	18
Other income (expense), net	15,942	3,216
Income from continuing operations before taxes	21,215	19,186
Income tax provision	3,091	1,085
Net income	18,124	18,101
Net income attributable to common shareholders	337	990
Basic earnings per share:
Net income (in dollars per share)	$0.01	$0.05
Weighted average shares outstanding (in shares)	22,965	20,252
Diluted earnings per share:
Net income (in dollars per share)	$0.01	$0.04
Weighted average shares outstanding (in shares)	23,239	22,027
RAI [Member]
REVENUES:
Real estate (includes revenues of $2,752 and $2,683 related to RSO)	16,966	13,275
Financial fund management (includes revenues of $1,537 and $207 related to RSO)	5,137	7,075
Commercial finance (includes no revenues related to RSO)	-2	-99
Total revenues	22,101	20,251
COSTS AND EXPENSES:
Real estate	11,499	8,875
Financial fund management	2,990	4,389
Commercial finance	579	103
General and administrative	3,297	3,154
Provision for credit losses	402	1,208
Depreciation and amortization	457	451
Costs and expenses	19,224	18,180
OTHER INCOME (EXPENSE):
Interest expense	-421	-483
Other (expense) income	-164	165
Income tax provision	1,244	1,069
Net loss attributable to noncontrolling interests	8	40
RSO [Member]
REVENUES:
Real estate (includes revenues of $2,752 and $2,683 related to RSO)	2,752	2,683
Financial fund management (includes revenues of $1,537 and $207 related to RSO)	1,437	207
Total revenues	24,361	25,245
COSTS AND EXPENSES:
Costs and expenses	21,060	11,285
OTHER INCOME (EXPENSE):
Other (expense) income	16,516	3,516
Income tax provision	1,847	16
Net loss attributable to noncontrolling interests	-17,795	-17,151
Reportable Legal Entities [Member]
OTHER INCOME (EXPENSE):
Other income (expense), net	-585	-318
Reportable Legal Entities [Member] | RAI [Member]
REVENUES:
Real estate (includes revenues of $2,752 and $2,683 related to RSO)	16,966	13,275
Financial fund management (includes revenues of $1,537 and $207 related to RSO)	5,137	7,075
Commercial finance (includes no revenues related to RSO)	-2	-99
Total revenues	22,101	20,251
COSTS AND EXPENSES:
Real estate	11,499	8,875
Financial fund management	2,990	4,389
Commercial finance	579	103
General and administrative	3,297	3,154
Provision for credit losses	402	1,208
Depreciation and amortization	457	451
Costs and expenses	19,224	18,180
OPERATING INCOME	2,877	2,071
OTHER INCOME (EXPENSE):
Interest expense	-421	-483
Income from continuing operations before taxes	2,770	2,325
Income tax provision	1,244	1,069
Net income	1,526	1,256
Net loss attributable to noncontrolling interests	8	40
Net income attributable to common shareholders	1,534	1,296
Reportable Legal Entities [Member] | RSO [Member]
REVENUES:
Total revenues	24,361	25,245
COSTS AND EXPENSES:
General and administrative	0	0
Provision for credit losses	0	0
Depreciation and amortization	0	0
Costs and expenses	21,060	11,285
OPERATING INCOME	3,301	13,960
OTHER INCOME (EXPENSE):
Interest expense	0	0
Income from continuing operations before taxes	19,817	17,476
Income tax provision	1,847	16
Net income	17,970	17,460
Net loss attributable to noncontrolling interests	-8,568	-2,344
Net income attributable to common shareholders	9,402	15,116
Intersegment Eliminations [Member]
REVENUES:
Total revenues	-4,273	-2,880
COSTS AND EXPENSES:
Costs and expenses	($3,368)	($2,819)

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net income	$18,124	$18,101
Current period changes for investment securities available- for- sale	-158
Current period changes for pension liability	47
Foreign currency translation gain (losses), net of tax	2
Subtotal	-1,583	39
Comprehensive income	16,541	18,140
Less: Comprehensive income attributable to noncontrolling interests	-16,313	-17,083
Comprehensive income attributable to common shareholders	228	1,057
RAI [Member]
Unrealized gains on investment securities available-for-sale	127	28
Less: reclassification for gains realized, net of tax	-285	0
Current period changes for investment securities available- for- sale	-158	28
Minimum pension liability adjustments, net of tax of $9 and $0	-9	0
Reclassification for losses realized, net of tax of $50 and $33	56	36
Current period changes for pension liability	47	36
Unrealized gains on derivatives, net	0	1
Foreign currency translation gain (losses), net of tax	2	2
Subtotal	-109	67
RSO [Member]
Unrealized gains on investment securities available-for-sale	3,123	-1,754
Less: reclassification for gains realized, net of tax	-6,258	1,465
Unrealized gains on derivatives, net	1,142	387
Foreign currency translation gain (losses), net of tax	429	-196
Subtotal	-1,474	-28
Reclassification for realized losses from interest rate hedges	$90	$70

CONSOLIDATED_STATEMENTS_OF_COM1

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (PARENTHETICAL) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Tax on foreign currency translation gain	$0	$0
RAI [Member]
Tax on unrealized (loss) gain on investment securities available-for-sale	150	-19
Tax on reclassification for realized losses	-172	0
Minimum pension liability adjustments	9	0
Tax on reclassification for realized losses	50	33
Tax on unrealized (loss) gain on hedging contracts	$0	$1

CONSOLIDATED_STATEMENT_OF_CHAN

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (USD $)	Total	RAI [Member]	RSO [Member]	Total Stockholders' Equity [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interests [Member]	Noncontrolling Interests [Member]
In Thousands, except Share data, unless otherwise specified										RAI [Member]	RSO [Member]
Balance at Dec. 31, 2014	$1,080,443			$163,594	$335	$308,134	($23,663)	($120,182)	($1,030)	$306	$916,543
Balance (in shares) at Dec. 31, 2014					22,725,151
Increase (Decrease) Equity [Roll Forward]
Net income	18,124			337			337			-8	17,795
Treasury shares issued (in shares)					14,933
Treasury shares issued	135			135		-15		150
Stock-based compensation (in shares)					486,158
Stock-based compensation	761			761	3	758		0
Repurchase of common stock (in shares)					-252,288
Repurchases of common stock	-2,273			-2,273				-2,273
Dividends declared on common stock	-1,306			-1,306			-1,306
Change in noncontrolling interests in consolidated VIE-RSO	-19,118										-19,118
Other	15									15
Other comprehensive loss	-1,583	-109	-1,474	-109					-109		-1,474
Balance at Mar. 31, 2015	$1,075,198			$161,139	$338	$308,877	($24,632)	($122,305)	($1,139)	$313	$913,746
Balance (in shares) at Mar. 31, 2015					22,973,954

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$18,124,000	$18,101,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	475,000
Provision for credit losses	402,000	1,208,000
Unrealized (gain) loss on trading securities	-20,000
Equity in earnings of unconsolidated entities	-1,844,000	-631,000
Distributions from unconsolidated entities	2,151,000
Loss (gain) on sales of investment securities, net	15,000
Deferred income tax provision	1,339,000
Equity-based compensation issued	744,000
Changes in operating assets and liabilities	-1,532,000
Net cash (used in) provided by operating activities	-125,861,000	113,880,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	-997,000
Investments in real estate and unconsolidated real estate entities	-21,000
Principal payments on leases and loans	-3,000
Purchase of loans and investments	-1,321,000
Net cash used in investing activities	-24,583,000	-119,801,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings	881,000
Principal payments on borrowings	-120,000
Dividends paid	-1,312,000
Proceeds from issuance of common stock	1,000
Repurchases of common stock	-2,108,000
Increase in restricted cash	-74,000
Net cash provided by financing activities	147,811,000	3,278,000
Decrease in cash	-2,633,000	-2,643,000
Cash, beginning of year	27,542,000	19,853,000
Cash, end of period	24,909,000	17,210,000
RAI [Member]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	475,000	494,000
Provision for credit losses	402,000	1,208,000
Unrealized (gain) loss on trading securities	-20,000	71,000
Equity in earnings of unconsolidated entities	-1,844,000	-631,000
Distributions from unconsolidated entities	2,151,000	1,510,000
Loss (gain) on sales of investment securities, net	15,000	-188,000
Deferred income tax provision	1,339,000	1,069,000
Equity-based compensation issued	744,000	404,000
Trading securities purchases and sales, net	0	-442,000
Changes in operating assets and liabilities	-1,532,000	-4,980,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	-997,000	-42,000
Investments in real estate and unconsolidated real estate entities	-21,000	-79,000
Principal payments on leases and loans	3,000	0
Purchase of loans and investments	-1,321,000	-678,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings	881,000	0
Principal payments on borrowings	-120,000	-117,000
Dividends paid	-1,312,000	-980,000
Proceeds from issuance of common stock	1,000	0
Repurchases of common stock	-2,108,000	0
Other	0	-56,000
Cash, beginning of year	27,542,000
Cash, end of period	24,909,000
RSO [Member]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Adjustments to reconcile net income and operating cash flows to net income of consolidated VIE-RSO	-145,715,000	97,264,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of loans and investments	-211,983,000	-217,701,000
Principal payments and proceeds from sales of loans and securities by consolidated VIE-RSO	153,189,000	136,561,000
Increase in restricted cash of consolidated VIE-RSO	33,230,000	-12,849,000
Other investing activity of consolidated VIE-RSO	3,317,000	-25,013,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Net borrowings of debt by consolidated VIE-RSO	184,202,000	16,209,000
Dividends paid on common stock by consolidated VIE-RSO	-26,085,000	-24,964,000
Proceeds from issuance of common stock	3,103,000	15,660,000
Other	-10,677,000	-2,474,000
Reportable Legal Entities [Member] | RAI [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	1,526,000	1,256,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	475,000
Provision for credit losses	402,000	1,208,000
Unrealized (gain) loss on trading securities	-20,000
Equity in earnings of unconsolidated entities	-2,665,000	-631,000
Distributions from unconsolidated entities	2,151,000
Loss (gain) on sales of investment securities, net	15,000
Deferred income tax provision	1,339,000
Equity-based compensation issued	744,000
Changes in operating assets and liabilities	-1,532,000
Net cash (used in) provided by operating activities	2,435,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	-997,000
Investments in real estate and unconsolidated real estate entities	-21,000
Principal payments on leases and loans	-3,000
Purchase of loans and investments	-1,321,000
Principal payments and proceeds from sales of loans and securities by consolidated VIE-RSO	0
Increase in restricted cash of consolidated VIE-RSO	0
Other investing activity of consolidated VIE-RSO	0
Net cash used in investing activities	-2,336,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings	881,000
Principal payments on borrowings	-120,000
Net borrowings of debt by consolidated VIE-RSO	0
Dividends paid	-1,312,000
Dividends paid on common stock by consolidated VIE-RSO	0
Proceeds from issuance of common stock	1,000
Repurchases of common stock	-2,108,000
Increase in restricted cash	-74,000
Net cash provided by financing activities	-2,732,000
Decrease in cash	-2,633,000
Cash, beginning of year	27,542,000
Cash, end of period	24,909,000
Reportable Legal Entities [Member] | RSO [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	17,970,000	17,460,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	0
Provision for credit losses	0	0
Unrealized (gain) loss on trading securities	0
Equity in earnings of unconsolidated entities	0	0
Distributions from unconsolidated entities	0
Loss (gain) on sales of investment securities, net	0
Deferred income tax provision	0
Equity-based compensation issued	0
Changes in operating assets and liabilities	0
Net cash (used in) provided by operating activities	-127,718,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	0
Investments in real estate and unconsolidated real estate entities	0
Purchase of loans and investments	-211,983,000
Principal payments and proceeds from sales of loans and securities by consolidated VIE-RSO	153,189,000
Increase in restricted cash of consolidated VIE-RSO	33,230,000
Other investing activity of consolidated VIE-RSO	3,317,000
Net cash used in investing activities	-22,247,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings	0
Principal payments on borrowings	0
Net borrowings of debt by consolidated VIE-RSO	184,202,000
Dividends paid	0
Dividends paid on common stock by consolidated VIE-RSO	-26,563,000
Proceeds from issuance of common stock	3,103,000
Other	-10,777,000
Net cash provided by financing activities	149,965,000
Decrease in cash	0
Cash, beginning of year	0
Cash, end of period	$0

NATURE_OF_OPERATIONS

NATURE OF OPERATIONS	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1 - NATURE OF OPERATIONS
	Resource America, Inc. (the "Company") (NASDAQ: REXI) is a specialized asset management company that uses industry specific expertise to evaluate, originate, service and manage investment opportunities through its real estate, financial fund management, and commercial finance operating segments. As a specialized asset manager, the Company seeks to develop investment funds for outside investors for which the Company provides asset management services, typically under long-term management and operating arrangements either through a contract with, or as the manager or general partner of, the sponsored fund. The Company limits its investment funds to investment areas where it owns existing operating companies or has specific expertise. The Company manages assets on behalf of institutional and individual investors and Resource Capital Corp. (“RSO”) (NYSE: RSO), a diversified real estate finance company that qualifies as a real estate investment trust (“REIT”). RSO is reflected on a consolidated basis with the Company's financial statements for all periods presented (see Note 19).
	The consolidated financial statements and the information and tables contained in the notes to the consolidated financial statements are unaudited. However, in the opinion of management, these interim financial statements include all adjustments necessary to fairly present the results of the interim periods presented. The results of operations for the three months ended March 31, 2015 may not necessarily be indicative of the results of operations for the full year ending December 31, 2015.
	The Company conducts its real estate operations primarily through the following subsidiaries:
	•	Resource Real Estate Advisor, LLC. manages the activities of Resource Real Estate Opportunity REIT I ("Opportunity REIT I") and Resource Real Estate Opportunity REIT II ("Opportunity REIT II"), public non-traded REITs;
	•	Resource Capital Partners, Inc. acts as the general partner manager and managing member of, and provides asset management services to, the Company's eight real estate investment partnerships, six tenant-in-common ("TIC") programs and one limited liability company;
	•	Resource Real Estate Management, Inc. (“Resource Residential”) provides property management services to the entire multifamily apartment portfolio, including fund assets, distressed assets and joint venture assets;
	•	Resource Real Estate Funding, Inc., on behalf of RSO, manages the commercial real estate debt portfolio comprised principally of first priority interest in commercial mortgage loans ("A notes"), whole mortgage loans, mortgage participations, subordinated interests in commercial mortgage loans ("B notes"), mezzanine debt and related commercial real estate securities. In addition, it manages a separate portfolio of discounted real estate and real estate loans; and
	•	Resource Real Estate, Inc. manages owned assets and ventures, which are collectively referred to as the “legacy portfolio.”
	The Company conducts its financial fund management operations primarily through the following operating entities:
	•	CVC Credit Partners ("CVC Credit Partners"), a joint venture between the Company and an unrelated third-party, finances, structures and manages investments in bank loans, high yield bonds and equity investments through collateralized loan obligation issuers ("CLOs"), managed accounts and a credit opportunities fund;
	•	Resource Capital Manager, Inc. ("RCM"), an indirect wholly-owned subsidiary, provides investment management and administrative services to RSO under a management agreement between the Company, RCM and RSO ('"the RCM Agreement");
	•	Resource Capital Markets, Inc. ("Resource Capital Markets"), through the Company's registered broker-dealer subsidiary, Resource Securities, acts as an agent in the primary and secondary markets for structured finance securities and transactions;
	•	Northport Capital, LLC ("Northport"), provides middle market loan management and monitoring services to RSO under the RCM agreement.
	•	Trapeza Capital Management, LLC ("TCM"), a joint venture between the Company and an unrelated third-party, manages investments in trust preferred securities and senior debt securities of banks, bank holding companies, insurance companies and other financial companies through CDO issuers. TCM, together with the Trapeza CDO issuers, are collectively referred to as Trapeza;
	•	Ischus Capital Management, LLC ("Ischus") finances, structures and manages investments in asset-backed securities ("ABS") including residential mortgage-backed securities ("RMBS") and commercial mortgage-backed securities, ("CMBS"); and
	•	Resource Financial Institutions Group, Inc. (“RFIG”), serves as the general partner for seven company-sponsored affiliated partnerships which invest in financial institutions;
	The Company conducts its commercial finance operations through LEAF Commercial Capital, Inc. (“LEAF”) and LEAF Financial Corporation (“LEAF Financial”). As of March 31, 2015, LEAF Financial sponsored and manages two publicly-held investment entities and LEAF acts as the sub-servicer of the respective portfolios of leases and loans held by those entities. During 2014, the Company liquidated two other commercial finance investment entities managed by LEAF Financial.
	CVC Credit Partners. In April 2012, the Company sold its equity interests in Apidos to CVC Capital Partners SICAV-FIS, S.A., a private equity firm (“CVC”), in exchange for (i) $25.0 million in cash, (ii) a 33% limited partner interest in CVC Credit Partners, a Cayman Islands limited partnership jointly owned by the Company and CVC, and (iii) a 33% interest in CVC Credit Partners' general partner, a Jersey corporation.  The Company also retained a preferred equity interest in Apidos-CVC, which entitles it to receive distributions from CVC Credit Partners equal to 75% of the incentive management fees from the legacy Apidos portfolios. These investments are reflected as Investments in Unconsolidated Loan Manager on the consolidated balance sheets.
	LEAF. In January 2011, the Company formed LEAF to conduct its equipment lease origination and servicing operations and to obtain outside equity and debt financing sources. On November 16, 2011, the Company and LEAF, together with RSO, entered into a stock purchase agreement and related agreements (collectively the “November 2011 LEAF Transaction”) with Eos Partners, L.P., a private investment firm, and its affiliates (“Eos”). The Company retained 18,414 shares of LEAF common stock, representing a fully-diluted interest of 15.7%, and senior management of LEAF maintained a 10% fully-diluted interest. Additional investments by Eos and RSO as well as warrants that were provided to LEAF's lender in accordance with a financing agreement reduced the Company's and senior management's investments on a fully-diluted basis to 13.2% and 8.3%, respectively, as of March 31, 2015. As a result of the November 2011 LEAF Transaction, the Company deconsolidated LEAF and has since accounted for its investment in LEAF on the equity method.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Principles of Consolidation
	The consolidated financial statements reflect the Company's accounts and the accounts of the Company's majority-owned and/or controlled subsidiaries. The Company follows the provisions of Accounting Standards Codification (“ASC”) Topic 810, “Consolidation,” and accordingly consolidates entities that are variable interest entities (“VIEs”) where it has determined that it is the primary beneficiary of such entities. Once it is determined that the Company holds a variable interest in a VIE, management must perform a qualitative analysis to determine (i) if the Company has the power to direct the matters that most significantly impact the VIE's financial performance; and (ii) if the Company has the obligation to absorb the losses of the VIE that could potentially be significant to the VIE or the right to receive the benefits of the VIE that could potentially be significant to the VIE. If the Company's interest possesses both of these characteristics, the Company is deemed to be the primary beneficiary and would be required to consolidate the VIE. The Company continually assesses its involvement with VIEs and re-evaluates the requirement to consolidate them. The portions of these entities that the Company does not own are presented as noncontrolling interests as of the dates and for the periods presented in the consolidated financial statements.
	All intercompany transactions and balances have been eliminated in the Company's consolidated financial statements.
	Use of Estimates
	Preparation of the Company's consolidated financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and costs and expenses during the reporting period. The Company makes estimates of its allowance for credit losses, the valuation allowance against its deferred tax assets, discounts and collectability of management fees, the valuation of stock-based compensation, and in determining whether a decrease in the fair value of an investment is an other-than-temporary impairment. The real estate and financial fund management segments make assumptions in determining the fair value of investments in investment securities. Actual results could differ from these estimates.
	Financing Receivables - Receivables from Managed Entities
	The Company performs a review of the collectability of its receivables from managed entities on a quarterly basis.  If upon review there is an indication of impairment, the Company will analyze the future cash flows of the managed entity.  With respect to the receivables from its commercial finance investment partnerships, this takes into consideration several assumptions by management, primarily concerning estimates of future bad debts and recoveries.  For receivables from the real estate investment entities, the Company estimates the cash flows through the sale of the underlying properties based on projected net operating income as a multiple of published capitalization rates, as reduced by the underlying mortgage balances and priority distributions due to the investors.
	Investment Securities
	The Company’s investment securities available-for-sale, including investments in the CLO issuers it sponsored, are carried at fair value.  The fair value of the CLO investments is based primarily on internally-generated expected cash flow models that require significant management judgment and estimates due to the lack of market activity and the use of unobservable pricing inputs.  The Company's investments in the common stock of The Bancorp, Inc. (NASDAQ: TBBK) and in Resource Real Estate Diversified Income Fund ("DIF") (NASDAQ: RREDX), both of which are affiliated entities, are valued at the closing prices of the respective publicly-traded stocks.  The Company's investment in Resource Real Estate Global Property Securities ("RREGPS"), a Company-sponsored and managed Australian investment fund which is structured as a unit trust, is valued at net asset value. The cumulative net unrealized gains (losses) on these investment securities, net of tax, is reported through accumulated other comprehensive income (loss).  Realized gains (and losses) on the sale of investments are determined on the trade date on the basis of specific identification and are included in net operating results. Securities that are held principally for resale in the near term are recorded as trading securities at fair value with changes in fair value recorded in earnings.
	Reclassifications
	Certain reclassifications have been made to the 2014 consolidated financial statements to conform to the 2015 presentation.
	Recent Accounting Standards
	Newly-Adopted Accounting Principle
	The Company’s adoption of the following standard during the three months ended March 31, 2015 did not have a material impact on its consolidated financial position, results of operations or cash flows:
	In April 2014, the Financial Accounting Standards Board ("FASB") issued authoritative guidance to change the criteria for reporting discontinued operations. Under the new guidance, only disposals representing a strategic shift in a company's operations and financial results should be reported as discontinued operations, with expanded disclosures. In addition, disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify as a discontinued operation is required. This guidance was effective for the Company as of January 1, 2015.
	Accounting Standards Issued But Not Yet Effective
	In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, which will replace most of the existing revenue recognition guidance in GAAP.  The core principle of the ASU is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services.  The ASU requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. The ASU will be effective for the Company beginning January 1, 2017, including interim periods in 2017, and allows for both retrospective and prospective methods of adoption. On April 1, 2015, the FASB proposed a one year delay in the effective date of the new revenue standard, which would make the new guidance effective for the Company as of the beginning of the 2018 fiscal year. The Company is in the process of determining the method of adoption and assessing the impact of this ASU on its consolidated financial statements.
	In June 2014, the FASB issued ASU No. 2014-12, Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide that a Performance Target Could be Achieved after the Requisite Service Period. ASU 2014-12 requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The Company is currently evaluating the impact of the new guidance on its financial statements and has not yet selected a transition approach to implement the standard.
	In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. Under the new guidance, an entity should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. The guidance is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The adoption of the new requirements is not expected to have a material impact on the Company's consolidated balance sheet, statement of operations, or statement of cash flows.
	In January 2015, the FASB issued ASU No. 2015-01, Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items, which eliminates from GAAP the concept of an extraordinary item. As a result, an entity will no longer be required to segregate extraordinary items from the results of ordinary operations, to separately present an extraordinary item on its income statement, net of tax, after income from continuing operations or to disclose income taxes and earnings per share data applicable to an extraordinary item. However, presentation and disclosure guidance for items that are unusual in nature and occur infrequently will be retained. Adoption of this ASU will be required on a prospective or retrospective basis beginning with the quarter ending March 31, 2016 and is not expected to have a material impact on the Company's consolidated financial statements.
	In February 2015, the FASB issued ASU No. 2015-02, Consolidation—Amendments to the Consolidation Analysis (Topic 810). The guidance requires an entity to evaluate whether it should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: (1) modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities; (2) eliminate the presumption that a general partner should consolidate a limited partnership; (3) affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (4) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. This guidance is effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early application is permitted. The Company is currently evaluating the potential impact of this standard on its consolidated financial statements, as well as the available transition methods.
	In April 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. The update requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. Debt disclosures will include the face amount of the debt liability and the effective interest rate. The update requires retrospective application and represents a change in accounting principle. The update is effective for the Company beginning January 1, 2016. Early adoption is permitted for financial statements that have not been previously issued. ASU 2015-03 is not expected to have a material impact on the Company’s consolidated financial statements.

CONSOLIDATING_FINANCIAL_INFORM

CONSOLIDATING FINANCIAL INFORMATION	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
CONSOLIDATING FINANCIAL INFORMATION	NOTE 3 - CONSOLIDATING FINANCIAL INFORMATION
	The following table presents the consolidating balance sheet as of March 31, 2015 (in thousands):
		RAI			RSO			Eliminations			Consolidated
	ASSETS
	Cash and cash equivalents	$	24,909		$	—		$	—		$	24,909
	Restricted cash	798			—			—			798
	Receivables	868			—			(154		)	714
	Receivables from managed entities and related parties, net	29,317			—			(2,530		)	26,787
	Investments in real estate, net	16,833			—			—			16,833
	Investment securities, at fair value	22,777			—			(12,992		)	9,785
	Investments in unconsolidated loan manager	40,292			—			—			40,292
	Investments in unconsolidated entities	20,668			—			(7,563		)	13,105
	Assets of consolidated VIE-RSO:
	Cash and cash equivalents (including restricted cash)	—			244,129			—			244,129
	Investments, at fair value	—			313,840			—			313,840
	Loans	—			2,209,733			(558		)	2,209,175
	Investments in real estate and unconsolidated entities	—			55,668			—			55,668
	Other assets-RSO	—			109,836			(2		)	109,834
	Total assets of consolidated VIE-RSO	—			2,933,206			(560		)	2,932,646
	Property and equipment, net	5,739			—			—			5,739
	Deferred tax assets, net	32,177			—			(10,162		)	22,015
	Other assets	8,684			—			—			8,684
	Total assets	$	203,062		$	2,933,206		$	(33,961	)	$	3,102,307
	LIABILITIES AND EQUITY
	Liabilities:
	Accrued expenses and other liabilities	$	21,631		$	—		$	—		$	21,631
	Payables to managed entities and related parties	2,167			—			(2		)	2,165
	Borrowings	21,732			—			(558		)	21,174
	Liabilities of consolidated VIE-RSO:
	Borrowings	—			1,924,598			334			1,924,932
	Other liabilities	—			59,891			(2,684		)	57,207
	Total liabilities of consolidated VIE-RSO	—			1,984,489			(2,350		)	1,982,139
	Total liabilities	45,530			1,984,489			(2,910		)	2,027,109
	Commitments and contingencies
	Equity:
	Preferred stock	—			—			—			—
	Common stock	338			—			—			338
	Additional paid-in capital	308,877			—			—			308,877
	Accumulated deficit	(17,211		)	—			(7,421		)	(24,632		)
	Treasury stock, at cost	(122,305		)	—			—			(122,305		)
	Accumulated other comprehensive loss	(12,480		)	—			11,341			(1,139		)
	Total stockholders’ equity	157,219			—			3,920			161,139
	Noncontrolling interests	313			—			—			313
	Noncontrolling interests attributable to consolidated VIE-RSO	—			948,717			(34,971		)	913,746
	Total equity	157,532			948,717			(31,051		)	1,075,198
	Total liabilities and equity	$	203,062		$	2,933,206		$	(33,961	)	$	3,102,307
	The following table presents the consolidating statement of operations for the three months ended March 31, 2015 (in thousands):
		RAI			RSO			Eliminations			Consolidated
	REVENUES:
	Real estate	$	16,966		$	—		$	—		$	16,966
	Financial fund management	5,137			—			—			5,137
	Commercial finance	(2		)	—			—			(2		)
		22,101			—			—			22,101
	Revenues from consolidated VIE-RSO	—			24,361			—			24,361
	Elimination of consolidated VIE-RSO revenues attributed to operating segments	—			—			(4,273		)	(4,273		)
	Total revenues	22,101			24,361			(4,273		)	42,189
	COSTS AND EXPENSES:
	Real estate	11,499			—			—			11,499
	Financial fund management	2,990			—			—			2,990
	Commercial finance	579			—			—			579
	General and administrative	3,297			—			—			3,297
	Provision for credit losses	402			—			—			402
	Depreciation and amortization	457			—			—			457
		19,224			—			—			19,224
Expenses of consolidated VIE-RSO	—			21,060			—			21,060
Elimination of consolidated VIE-RSO expenses attributed to operating segments	—			—			(3,368		)	(3,368		)
Total expenses	19,224			21,060			(3,368		)	36,916
OPERATING INCOME	2,877			3,301			(905		)	5,273
OTHER INCOME (EXPENSE):
Interest expense	(421		)	—			—			(421		)
Other income, net	314			—			(478		)	(164		)
Other income, net, from consolidated VIE-RSO	—			16,516			—			16,516
Elimination of consolidated VIE-RSO other income, net	—			—			11			11
	(107		)	16,516			(467		)	15,942
Income from continuing operations before taxes	2,770			19,817			(1,372		)	21,215
Income tax provision	1,244			1,847			—			3,091
Net income	1,526			17,970			(1,372		)	18,124
Net loss attributable to noncontrolling interests	8			—			—			8
Net income attributable to noncontrolling interests-RSO	—			(8,568		)	(9,227		)	(17,795		)
Net income attributable to common shareholders	$	1,534		$	9,402		$	(10,599	)	$	337
.    The following table presents the consolidating statement of operations for the three months ended March 31, 2014 (in thousands):
	RAI			RSO			Eliminations			Consolidated
REVENUES:
Real estate	$	13,275		$	—		$	—		$	13,275
Financial fund management	7,075			—			—			7,075
Commercial finance	(99		)	—			—			(99		)
	20,251			—			—			20,251
Revenues from consolidated VIE-RSO	—			25,245			—			25,245
Elimination of consolidated VIE-RSO revenues attributed to operating segments	—			—			(2,880		)	(2,880		)
Total revenues	20,251			25,245			(2,880		)	42,616
COSTS AND EXPENSES:
Real estate	8,875			—			—			8,875
Financial fund management	4,389			—			—			4,389
Commercial finance	103			—			—			103
General and administrative	3,154			—			—			3,154
Provision for credit losses	1,208			—			—			1,208
Depreciation and amortization	451			—			—			451
	18,180			—			—			18,180
Expenses of consolidated VIE-RSO	—			11,285						11,285
Elimination of consolidated VIE-RSO expenses attributed to operating segments	—			—			(2,819		)	(2,819		)
Total expenses	18,180			11,285			(2,819		)	26,646
OPERATING INCOME	2,071			13,960			(61		)	15,970
OTHER INCOME (EXPENSE):
Interest expense	(483		)	—			—			(483		)
Other income, net	737			—			(572		)	165
Other income, net, from consolidated VIE-RSO	—			3,516			—			3,516
Elimination of consolidated VIE-RSO other income, net	—			—			18			18
	254			3,516			(554		)	3,216
Income from continuing operations before taxes	2,325			17,476			(615		)	19,186
Income tax provision	1,069			16			—			1,085
Net income	1,256			17,460			(615		)	18,101
Net loss attributable to noncontrolling interests	40			—			—			40
Net income attributable to noncontrolling interests-RSO	—			(2,344		)	(14,807		)	(17,151		)
Net income attributable to common shareholders	$	1,296		$	15,116		$	(15,422	)	$	990
The following table presents the consolidating statement of cash flows for the three months ended March 31, 2015 (in thousands):
	RAI			RSO			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	1,526		$	17,970		$	(1,372	)	$	18,124
Adjustments to reconcile net income to net cash
provided by (used in) operating activities:
Depreciation and amortization	475			—			—			475
Provision for credit losses	402			—			—			402
Unrealized gain on trading securities	(20		)	—			—			(20		)
Equity in earnings of unconsolidated entities	(2,665		)	—			821			(1,844		)
Distributions from unconsolidated entities	2,151			—			—			2,151
Loss on sale of investment securities, net	15			—			—			15
Deferred income tax provision	1,339			—			—			1,339
Equity-based compensation issued	744			—			—			744
Changes in operating assets and liabilities	(1,532		)	—			—			(1,532		)
Adjustments to reconcile net income and operating cash flows to net income of consolidated VIE-RSO	—			(145,688		)	(27		)	(145,715		)
Net cash provided by (used in) operating activities	2,435			(127,718		)	(578		)	(125,861		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(997		)	—			—			(997		)
Principal payments on leases and loans	3			—			—			3
Investments in real estate and unconsolidated real estate entities	(21		)	—			—			(21		)
Purchase of loans and securities by consolidated VIE-RSO	—			(211,983		)	—			(211,983		)
Principal payments and proceeds from sales of loans and securities by consolidated VIE-RSO	—			153,189			—			153,189
Purchase of loans and investments	(1,321		)	—			—			(1,321		)
Decrease in restricted cash of consolidated VIE-RSO	—			33,230			—			33,230
Other investing activity of consolidated VIE-RSO	—			3,317			—			3,317
Net cash used in investing activities	(2,336		)	(22,247		)	—			(24,583		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings	881			—			—			881
Principal payments on borrowings	(120		)	—			—			(120		)
Net borrowings by consolidated VIE-RSO	—			184,202			—			184,202
Dividends paid	(1,312		)	—			—			(1,312		)
Dividends paid on common stock by consolidated VIE-RSO	—			(26,563		)	478			(26,085		)
Proceeds from issuance of common stock	1			—			—			1
Net proceeds from issuance of common stock by consolidated VIE-RSO	—			3,103			—			3,103
Repurchases of common stock	(2,108		)	—			—			(2,108		)
Increase in restricted cash	(74		)	—			—			(74		)
Other financing activity of consolidated VIE - RSO	—			(10,777		)	100			(10,677		)
Net cash (used in) provided by financing activities	(2,732		)	149,965			578			147,811
Decrease in cash	(2,633		)	—			—			(2,633		)
Cash, beginning of year	27,542			—			—			27,542
Cash, end of period	$	24,909		$	—		$	—		$	24,909

SUPPLEMENTAL_CASH_FLOW_INFORMA

SUPPLEMENTAL CASH FLOW INFORMATION	3 Months Ended
	Mar. 31, 2015
Supplemental Cash Flow Information [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	NOTE 4 - SUPPLEMENTAL CASH FLOW INFORMATION
	Supplemental disclosure of cash flow information for the Company is as follows (in thousands, per share data):
		Three Months Ended
		March 31,
		2015			2014
	Cash (paid) received:
	Interest	$	(399	)	$	(409	)
	Income tax payments	(65		)	(176		)
	Refund of income taxes	44			47
	Dividends declared per common share	$	0.06		$	0.05
	Non-cash activities:
	Repurchase of common stock from employees in exchange for the payment of income taxes	$	165		$	207
	Issuance of treasury stock for the Company's investment savings 401(k) plan	150			178

FINANCING_RECEIVABLES

FINANCING RECEIVABLES	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
FINANCING RECEIVABLES	NOTE 5 - FINANCING RECEIVABLES
	The following table is the aging of the Company’s financing receivables (presented gross of allowance for credit losses) as of March 31, 2015 (in thousands):
		Current			30-89 Days			90-180 Days			Greater than			Total		Total
					Past Due			Past Due			181 Days			Past Due
	Loans and receivables from managed
	entities and related parties: (1)
	Commercial finance	$	6		$	344		$	1,131		$	18,503		$	19,978	$	19,984
	investment entities
	Real estate investment entities	3,845			1,380			384			14,831			16,595		20,440
	Financial fund management entities	981			57			31			24			112		1,093
	Other	2,629			—			—			—			—		2,629
		7,461			1,781			1,546			33,358			36,685		44,146
	Rent receivables - real estate	98			20			—			—			20		118
	Total financing receivables	$	7,559		$	1,801		$	1,546		$	33,358		$	36,705	$	44,264
	-1	Receivables are presented gross of an allowance for credit losses of $17.2 million related to the Company’s commercial finance investment entities and $113,000 related to one of its real estate investment partnerships.  The remaining receivables from managed entities and related parties have no related allowance for credit losses.
	The following table is the aging of the Company’s financing receivables (presented gross of allowance for credit losses) as of December 31, 2014 (in thousands):
		Current			30-89 Days			90-180 Days			Greater than			Total		Total
					Past Due			Past Due			181 Days			Past Due
	Loans and receivables from
	managed entities and
	related parties: (1)
	Commercial finance	$	9		$	342		$	1,124		$	18,398		$	19,864	$	19,873
	investment entities
	Real estate investment entities	6,613			772			1,214			15,134			17,120		23,733
	Financial fund management entities	583			74			—			6			80		663
	Other	3,024			—			—			—			—		3,024
		10,229			1,188			2,338			33,538			37,064		47,293
	Rent receivables - real estate	76			11			1			—			12		88
	Total financing receivables	$	10,305		$	1,199		$	2,339		$	33,538		$	37,076	$	47,381
	-1	Receivables are presented gross of an allowance for credit losses of $17.0 million related to one of the Company’s commercial finance investment entities.  The remaining receivables from managed entities and related parties have no related allowance for credit losses.
	The following table summarizes the activity in the allowance for credit losses for all financing receivables (in thousands):
		Receivables			Leases and			Rent			Total
		from Managed			Loans			Receivables
		Entities
	Three Months Ended March 31, 2015:
	Balance, beginning of period	$	16,990		$	—		$	—		$	16,990
	Provision for credit losses	369			32			1			402
	Charge-offs	—			(32		)	—			(32		)
	Recoveries	—			—			—			—
	Balance, end of period	$	17,359		$	—		$	1		$	17,360
	Ending balance, individually evaluated for impairment	$	17,359		—			$	1		$	17,360
	Ending balance, collectively evaluated for impairment	0			—			—			—
	Balance, end of year	$	17,359		$	—		$	1		$	17,360
	Three Months Ended March 31, 2014:
	Balance, beginning of period	$	36,229		$	—		$	14		$	36,243
	Provision for (reversal of) credit losses	1,213			(1		)	(4		)	1,208
	Charge-offs	(1		)	—			—			(1		)
	Recoveries	—			1			—			1
	Balance, end of period	$	37,441		$	—		$	10		$	37,451
	Ending balance, individually evaluated for impairment	$	37,441		$	—		$	—		$	37,441
	Ending balance, collectively evaluated for impairment	—			—			10			10
	Balance, end of period	$	37,441		$	—		$	10		$	37,451
	The Company’s financing receivables (presented exclusive of any allowance for credit losses) relate to the balance in the allowance for credit losses, as follows (in thousands):
	As of March 31, 2015	Receivables from			Rent			Total
		Managed Entities			Receivables
	Ending balance, individually evaluated for impairment	$	44,146		$	—		$	44,146
	Ending balance, collectively evaluated for impairment	—			118			118
	Balance, end of period	$	44,146		$	118		$	44,264
	As of December 31, 2014
	Ending balance, individually evaluated for impairment	$	47,293		$	—		$	47,293
	Ending balance, collectively evaluated for impairment	—			88			88
	Balance, end of year	$	47,293		$	88		$	47,381
	The following table discloses information about the Company’s impaired financing receivables (in thousands):
		Net Balance			Unpaid Balance			Specific Allowance			Average Investment in Impaired Assets
As of March 31, 2015
Financing receivables with a specific valuation allowance:
Loans and receivables from managed entities – commercial finance	$	1,327		$	18,573		$	17,246		$	19,561
Loans and receivables from managed entities – real estate	831			$	944		113			596
Rent receivables – real estate	—			—			1			—
As of December 31, 2014
Financing receivables with a specific valuation allowance:
Loans and receivables from managed entities – commercial finance	$	1,295		$	18,285		$	16,990		$	18,882
The Company had no impaired financing receivables without a specific allowance as of March 31, 2015 and December 31, 2014.

INVESTMENTS_IN_REAL_ESTATE

INVESTMENTS IN REAL ESTATE	3 Months Ended
	Mar. 31, 2015
Real Estate Investments, Net [Abstract]
INVESTMENTS IN REAL ESTATE	NOTE 6 - INVESTMENTS IN REAL ESTATE
	The Company’s investments in real estate, net, consist of the following (in thousands):
		March 31,		December 31,
		2015		2014
	Properties owned, net of accumulated depreciation of $9,335 and $9,198:
	Hotel property (Savannah, Georgia)	$	9,851	$	10,110
	Office building (Philadelphia, Pennsylvania)	870		888
		10,721		10,998
	Partnerships and other investments	6,112		6,099
	Total investments in real estate, net	$	16,833	$	17,097
	For three months ended March 31, 2015 and March 31, 2014, the Company recorded rental income of $1.2 million and $939,000, respectively. The contractual future minimum rental income on non-cancelable operating leases included in properties owned for each of the five succeeding annual periods ending March 31, and thereafter, are as follows (in thousands):
	2016	$	926
	2017	769
	2018	700
	2019	701
	2020	581
	Thereafter	355
	Total	$	4,032

INVESTMENT_SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	NOTE 7 - INVESTMENT SECURITIES
	Components of investment securities are as follows (in thousands):
		March 31,		December 31,
		2015		2014
	Available-for-sale securities	$	9,519	$	9,065
	Trading securities	266		475
	Total investment securities, at fair value	$	9,785	$	9,540
	Available-for-sale securities.  The following table discloses the pre-tax unrealized gains (losses) relating to the Company’s investments in available-for-sale securities (in thousands):
		Cost or		Unrealized			Unrealized				Fair Value
		Amortized Cost		Gains			Losses
	31-Mar-15
	CLO securities	$	7,445	$	1,226		$	(224	)		$	8,447
	Equity securities	888		184			—				1,072
	Total	$	8,333	$	1,410		$	(224	)		$	9,519
	31-Dec-14
	CLO securities	$	6,962	$	1,228		$	(176	)		$	8,014
	Equity securities	888		163			—				1,051
	Total	$	7,850	$	1,391		$	(176	)		$	9,065
	CLO securities.  The CLO securities represent the Company’s retained equity interests in 13 and 12 CLO issuers that CVC Credit Partners has sponsored and manages at March 31, 2015 and December 31, 2014, respectively (see Note 8).  The fair value of these retained interests is impacted by the fair value of the investments held by the respective CLO issuers, which are sensitive to interest rate fluctuations and credit quality determinations.
	Equity securities.  The Company holds 18,972 shares of TBBK common stock.  This investment is pledged as collateral for one of the Company’s secured corporate credit facilities. The Company also holds approximately 10,808 shares of DIF with a cost basis of $109,000. In 2014, the Company purchased 749,976 units of RREGPS for $677,400.
	Trading securities. The Company had net realized losses on trading securities of $15,000 and net realized gains of $117,000 during the three months ended March 31, 2015 and 2014 respectively, and unrealized gains of $20,000 and unrealized losses of $71,000, respectively, which were included in Financial Fund Management Revenues on the consolidated statements of operations.
	Unrealized losses on available-for-sale securities, along with their related fair value, and aggregated by the length of time the investments were in a continuous unrealized loss position, are as follows (in thousands, except number of securities):
		Less than 12 Months								More than 12 Months
		Fair Value		Unrealized			Number of Securities			Fair Value			Unrealized		Number of Securities
				Losses									Losses
	31-Mar-15
	CLO securities	$	3,154	$	(224	)	5			$	—		$	—	—
	Equity securities			—			—			—			—		—
	Total	$	3,154	$	(224	)	5			$	—		$	—	—
	31-Dec-14
	CLO securities	$	2,643	$	(176	)	4			$	—		$	—	—
	Equity securities	—		—			—			—			—		—
	Total	$	2,643	$	(176	)	4			$	—		$	—	—

INVESTMENTS_IN_UNCONSOLIDATED_

INVESTMENTS IN UNCONSOLIDATED ENTITIES AND LOAN MANAGER	3 Months Ended
	Mar. 31, 2015
Investments in Unconsolidated Entities [Abstract]
INVESTMENTS IN UNCONSOLIDATED ENTITIES AND LOAN MANAGER	NOTE 8 - INVESTMENTS IN UNCONSOLIDATED ENTITIES AND LOAN MANAGER
	As a specialized asset manager, the Company develops various types of investment vehicles, which it manages under long-term management agreements or similar arrangements.  The following table details the Company’s investments in these vehicles, including the range of ownership interests owned (in thousands, except percentages):
		Range of Combined		March 31,				December 31,
		Ownership Interests		2015				2014
	Real estate investment entities	1% – 12%		$	7,939			$	8,313
	Financial fund management partnerships	0.01% − 50%		4,452				4,162
	Trapeza entities	33% − 50%		714				614
	Investments in unconsolidated entities			$	13,105			$	13,089
	Included in real estate investment entities is the Company's $2.5 million investment in Opportunity REIT I, which completed its initial public offering in December 2013 as well as a $1.3 million investment in Opportunity REIT II, which is still in its offering stage and a $200,000 investment in Innovation Office REIT, Inc. ("Innovation Office REIT"), which is not yet effective. The Company accounts for its investments in Opportunity REIT I, II and the Innovation Office REIT on the cost method.
	Included in financial fund management partnerships is the Company's $200,000 investment in Resource Credit Income Fund ("CIF"), a new interval fund, whose registration statement with respect to the offer and sale of its shares of beneficial interest was declared effective by the Securities and Exchange Commission on April 17, 2015.
	The Company evaluates all of these investments for impairment on a quarterly basis. There were no identified events that had a significant adverse effect on these investments and, as such, no impairment has been recorded.
	Investment in Unconsolidated Loan Manager. The Company records its 33% equity share of the results of CVC Credit Partners in Financial Fund Management Revenues on the consolidated statements of operations and comprehensive income. Under the terms of the CVC Credit Partners shareholders' agreement, CVC has an irrevocable option to buy 9% of the Company's interests in the joint venture, which would reduce the Company's interest to 24%. This option may be exercised during a sixty-day period that commenced April 25, 2015 (30 days after the audit report date for the CVC Credit Partners audit for the year ended December 31, 2014).
	Summarized operating data for CVC Credit Partners is presented below (in thousands):
		Three Months Ended
		March 31,
		2015				2014
	Management fee revenues	$	16,738			$	12,388
	Costs and expenses	(14,809		)		(11,295		)
	Net income	$	1,929			$	1,093
	Portion of net income attributable to the Company	$	637			$	361
	The Company has a preferred interest in Apidos Capital Management, LLC ("Apidos") relating to incentive management fees on legacy CLOs that had been sponsored and managed by Apidos. The Company accounts for this interest, with a book value of $6.8 million at March 31, 2015, on the cost method. As these incentive fees are received, in accordance with its preferred interest, the Company receives a distribution of 75% of those amounts which will initially be recorded as income, net of any contractual amounts due to third-parties. The Company continually evaluates the investment for impairment by estimating the fair value of the expected future cash flows from the incentive management fees. If the estimated fair value is less than the cost basis of the interest, the preferred interest will be deemed to be impaired. If the Company determines that the shortfall is other-than-temporary, the impairment will be recorded as a reduction of the preferred interest by reducing the revenues previously recorded on these preferred shares. At such time that the investment has been reduced to zero, all subsequent distributions will be recorded as income.

ACCRUED_EXPENSES_AND_OTHER_LIA

ACCRUED EXPENSES AND OTHER LIABILITIES	3 Months Ended
	Mar. 31, 2015
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER LIABILITIES	NOTE 9 - ACCRUED EXPENSES AND OTHER LIABILITIES
	The following is a summary of the components of accrued expenses and other liabilities (in thousands):
		March 31,		December 31,
		2015		2014
	Accounts payable and other accrued liabilities	$	6,612	$	6,045
	Supplemental executive retirement plan ("SERP") liability (see Note 14)	6,218		6,383
	Accrued wages and benefits	4,100		4,580
	Deferred rent	2,424		2,485
	Apidos contractual obligation, at fair value (see Note 16)	694		745
	Dividends payable	1,306		1,312
	Short-term insurance notes	277		729
	Total accrued expenses and other liabilities	$	21,631	$	22,279

BORROWINGS

BORROWINGS	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
BORROWINGS	NOTE 10 - BORROWINGS
	The credit facilities and other debt of the Company and related borrowings outstanding are as follows (in thousands):
		As of March 31, 2015				December 31,
						2014
		Maximum		Borrowings		Borrowings
		Amount of		Outstanding		Outstanding
		Facility
	Credit facilities:
	TD Bank – secured revolving credit facility (1)	$	10,997	$	—	$	—
	Republic Bank – secured revolving credit facility	2,784		—		—
				—		—
	Other debt:
	Senior Notes			10,000		10,000
	Mortgage debt - hotel property			10,035		10,088
	Other debt			1,139		324
	Total borrowings outstanding			$	21,174	$	20,412
	-1	The amount of the facility as shown has been reduced $503,000 for an outstanding letter of credit at March 31, 2015.
	Corporate and Real Estate Debt
	TD Bank, N.A. (“TD Bank”).  Through April 24, 2014, the terms of the Company's line of credit with TD Bank allowed for borrowings up to $7.5 million with interest at either (a) the prime rate plus 2.25% or (b) a specified London Interbank Offered Rate ("LIBOR") plus 3%. The interest rate used varies from one to six month LIBOR depending upon the period of the borrowing. In April 2014, the Company amended the TD facility to (i) extend the maturity date to the earlier of (a) the expiration of its management agreement with RSO or (b) December 31, 2017, (ii) increase the maximum borrowing amount to $11.5 million provided that the Company maintains an aggregate value of pledged securities of $6.0 million and (iii) require that the Company have no cash advances outstanding for thirty consecutive days during each one-year period beginning on April 25, 2014. The Company is charged an annual fee of 0.5% on the unused facility amount as well as a 5.25% fee on the $503,000 of outstanding letter of credit.
	Borrowings are secured by a first priority security interest in certain of the Company's assets and the guarantees of certain subsidiaries, including (i) the present and future fees and investment income earned in connection with the management of, and investments in, sponsored collateralized debt and loan obligation issuers, (ii) a pledge of 18,972 shares of TBBK common stock, and (iii) a pledge of 2,160,671 shares of RSO common stock held by the Company.
	There were no borrowings outstanding as of March 31, 2015 and the availability on the TD facility was $11.0 million, as reduced for the letter of credit. There were no borrowings under this facility as of December 31, 2014.
	Republic First Bank (“Republic Bank”). In February 2011, the Company entered into a $3.5 million revolving credit facility with Republic Bank.  The facility bears interest at the prime rate of interest plus 1% with a floor of 4.5%.  The loan is secured by a pledge of 700,000 shares of RSO common stock held by the Company and a first priority security interest in an office building located in Philadelphia, Pennsylvania (see Note 6).  Availability under this facility is limited to the lesser of (a) the sum of (i) 25% of the appraised value of the real estate, based upon the most recent appraisal delivered to the bank and (ii) 100% of the cash and 75% of the market value of the pledged RSO shares held in the pledged account; and (b) 100% of the cash and 100% of the market value of the pledged RSO shares held in the pledged account.  The loan has an unused annual facility fee equal to 0.25%. In November 2013, the Company further amended this facility to extend the maturity date to December 28, 2016 and increase the unused annual facility fee to 0.50%. There were no borrowings under this facility as of March 31, 2015 and the availability was $2.8 million. There were no borrowings under this facility as of December 31, 2014.
	Senior Notes
	The Company's $10.0 million of 9% senior notes (the "Senior Notes") mature on March 31, 2018. The effective interest rate for the three months ended March 31, 2015 and 2014 was 9.1% and 9.4%, respectively. On August 28, 2014, the Senior Notes were modified to extend the maturity date from March 31, 2015 and to include an early redemption feature.  The Company may early redeem all or any part of the Senior Notes upon notification to the note holders at the redemption price plus any accrued and unpaid interest through to the date of such redemption. The redemption price will be at a premium to par, as follows: prior to March 31, 2016 at 102%, between March 31, 2016 and March 31, 2017 at 101%, and thereafter at 100%.
	Other Debt
	As of March 31, 2015, the Company has various capital leases for computer equipment totaling $880,998.
	Debt Repayments
	Annual principal payments coming due on the Company’s aggregate borrowings for the next five years ending March 31 and thereafter, are as follows (in thousands):
	2016	$	601
	2017	602
	2018	10,591
	2019	292
	2020	276
	Thereafter	8,812
	Total	$	21,174
	Covenants
	The TD Bank credit facility is subject to certain financial covenants, which are customary for the type and size of the facility, including debt service coverage and debt to equity ratios. The debt to equity ratio restricts the amount of recourse debt the Company can incur based on a ratio of recourse debt to net worth.
	The covenant for the mortgage on the Company's hotel property requires maintaining a minimum debt coverage ratio. In addition, although non-recourse in nature, the loan is subject to limited standard exceptions (or "carveouts") which the Company has guaranteed. These carveouts will expire as the loan is paid down over the next ten years. The Company has control over the operations of the underlying property, which mitigates the potential risk associated with these carveouts and, accordingly, no liabilities for these obligations have been recorded in the consolidated financial statements. To date, the Company has not been required to make any carveout payments.
	The Company was in compliance with all of its financial debt covenants as of March 31, 2015.

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Mar. 31, 2015
Comprehensive Income (Loss) [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	NOTE 11 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
	Comprehensive income (loss) includes net income (loss) and all other changes in the equity of a business from transactions and other events and circumstances from non-owner sources.  These changes, other than net income (loss), are referred to as “other comprehensive income (loss)” and for the Company include primarily changes in the fair value, net of tax, of its investment securities available-for-sale and pension liability.
	The following are changes in accumulated other comprehensive (loss) income by category (in thousands):
		Investment Securities			Cash Flow Hedges			Foreign Currency			SERP Pension			Total
		Available-for-Sale						Translation Adjustments			Liability
	Balance, December 31, 2014, net of tax of $472, $0, $(3) and $(2,700)	$	1,979		$	(1	)	$	(5	)	$	(3,003	)	$	(1,030	)
	Current-period other comprehensive (loss) income	(158		)	—			2			47			(109		)
	Balance, March 31, 2015 net of tax of $458, $0, $2 and $9	$	1,821		$	(1	)	$	(3	)	$	(2,956	)	$	(1,139	)
	Amounts reclassified from accumulated other comprehensive income were reflected in the consolidated financial statements, as follows:
	Category		Locations in the consolidated financial statements
	Investment securities available-for-sale		Revenues - Financial fund management
	Cash flow hedges		Revenues - commercial finance
	SERP pension liability		General and administrative expenses
	Foreign currency translation adjustments		Other income

NONCONTROLLING_INTERESTS

NONCONTROLLING INTERESTS	3 Months Ended
	Mar. 31, 2015
Noncontrolling Interest [Abstract]
NONCONTROLLING INTERESTS	NOTE 12 - NONCONTROLLING INTERESTS
	The following table presents the activity in noncontrolling interests (in thousands):
		For the Three Months Ended
		March 31, 2015
		RSO			Other
	Noncontrolling interests, beginning of year	$	916,543		$	306
	Net income (loss) attributable to noncontrolling interests	17,795			(8		)
	Other comprehensive loss	(1,474		)	(4		)
	Proceeds from issuance of equity interests, net	3,103			—
	Amortization of stock-based compensation	996			—
	Discount on 6% senior convertible notes	4,213			—
	Contribution from noncontrolling interests	(373		)	19
	Distributions to noncontrolling interests	(27,057		)	—
	Noncontrolling interests, end of period	$	913,746		$	313

EARNINGS_PER_SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 13 - EARNINGS PER SHARE
	Basic earnings per share (“Basic EPS”) is computed using the weighted average number of common shares outstanding during the period, inclusive of nonvested share-based awards that are entitled to receive non-forfeitable dividends.  The diluted earnings per share (“Diluted EPS”) computation takes into account the effect of potential dilutive common shares.  Potential dilutive common shares, consisting primarily of outstanding stock options, warrants and director deferred shares, are calculated using the treasury stock method.
	The following table presents a reconciliation of the shares used in the computation of Basic EPS and Diluted EPS (in thousands):
		Three Months Ended
		March 31,
		2015	2014
	Shares
	Basic shares outstanding	22,965	20,252
	Dilutive effect of outstanding stock options, warrants and director units	274	1,775
	Diluted shares outstanding	23,239	22,027

BENEFIT_PLANS

BENEFIT PLANS	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
BENEFIT PLANS	NOTE 14 - BENEFIT PLANS
	SERP. The Company established a SERP, which has Rabbi and Secular Trust components, for Mr. Edward E. Cohen (“Mr. E. Cohen”), while he was the Company’s Chief Executive Officer.  The plan pays Mr. E. Cohen an annual benefit of $838,000 during his lifetime.
	The components of net periodic benefit costs for the SERP were as follows (in thousands):
		Three Months Ended
		March 31,
		2015			2014
	Interest cost	$	62		$	68
	Less: expected return on plan assets	(19		)	(39		)
	Plus: Amortization of unrecognized loss	106			70
	Net cost	$	149		$	99
	Restricted stock.  The value of the restricted stock awarded is based on the closing price of the Company's common stock as of the date of grant. During the three months ended March 31, 2015 and 2014, the Company awarded 440,852 and 417,407 shares of restricted stock valued at $3.9 million and $3.7 million, respectively. Additionally, for the three months ended March 31, 2015, there were 45,306 shares earned as part of a performance-based award valued at $420,000.

CERTAIN_RELATIONSHIPS_AND_RELA

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS	NOTE 15 - CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS
	In the ordinary course of its business operations, the Company has sponsored and manages investment entities.  Additionally, it has ongoing relationships with several related entities.  The following table details these receivables and payables (in thousands):
		March 31,			December 31,
		2015			2014
	Receivables from managed entities and related parties, net:
	Real estate investment entities (1)	$	20,326		$	23,733
	Commercial finance investment entities (2)	2,738			2,883
	Financial fund management investment entities	1,093			663
	Other	325			488
	Loan receivable from CVC Credit Partners	2,305			2,536
	Receivables from managed entities and related parties	$	26,787		$	30,303
	Payables due to managed entities and related parties, net:
	Real estate investment entities (3)	$	2,096		$	2,942
	Other	69			73
	Payables to managed entities and related parties	$	2,165		$	3,015
	-1	Includes a $113,000 reserve for credit losses for management fees due from one of the Company's real estate investment entities: there was no reserve at December 31, 2014.
	-2	Amounts shown are net of reserves for credit losses of $17.2 million and $17.0 million as of March 31, 2015 and December 31, 2014, respectively, related to management fees due from one of the Company's commercial finance investment entities that, based on estimated cash distributions, are not expected to be collectible.
	-3	Reflects $2.0 million and $2.6 million in self-insurance funds provided by the Company's real estate investment entities as of March 31, 2015 and December 31, 2014, respectively, which are held in escrow by the Company to cover claims.
	The Company receives fees, dividends and reimbursed expenses from several related/managed entities.  In addition, the Company reimburses related entities for certain operating expenses.  The following table details those activities (in thousands):
		Three Months Ended
		March 31,
		2015			2014
	Fees from unconsolidated investment entities:
	Real estate (1)	$	9,434		$	8,925
	Financial fund management	782			802
	CVC Credit Partners – reimbursement of net costs and expenses	229			181
	RRE Opportunity REIT I:
	Reimbursement of costs and expenses	888			351
	Dividends paid	15			29
	RRE Opportunity REIT II:
	Reimbursement of costs and expenses	737			502
	Dividends paid	7			—
	LEAF:
	Payment for sub-servicing the commercial finance	(23		)	(127		)
	investment partnerships
	Reimbursement of net costs and expenses	36			36
	1845 Walnut Associates Ltd:
	Payment for rent and related expenses	(207		)	(204		)
	Property management fees	38			16
	Brandywine Construction & Management, Inc. –	(52		)	(40		)
	payment for property management of hotel property
	Atlas Energy, L.P. – reimbursement of net costs and expenses	13			30
	Ledgewood P.C. – payment for legal services	(34		)	(24		)
	Graphic Images, LLC – payment for printing services	(48		)	(60		)
	The Bancorp, Inc. – reimbursement of net costs and expenses	—			27
	9 Henmar LLC – payment of broker/consulting fees	(3		)	(3		)
	-1	Reflects the reversal of discounts of $207,000 and $33,000 for the three months ended March 31, 2015 and 2014, respectively, in connection with management fees from the Company's real estate investment entities that it expects to receive in future periods.
	-2	During the three months ended March 31, 2015 and 2014, the Company waived $49,000 and $224,000, respectively, of management fees from its commercial finance investment entities.
	Relationship with Opportunity REIT I. As of March 31, 2015 and December 31, 2014, the Company had a receivable of $725,000 and $325,000, respectively, for reimbursement of costs and expenses associated with the formation and operating expenses of Opportunity REIT I.
	Relationship with Opportunity REIT II. On February 6, 2014, Opportunity REIT II commenced its initial public offering of up to $1.0 billion in common stock at a maximum price of $10 per share. This fund focuses on acquiring under-performing multifamily rental properties, distressed real estate and performing loans and is externally managed by Resource Real Estate, a subsidiary of the Company. As of March 31, 2015 and December 31, 2014, the Company had a $587,000 and $3.4 million receivable from Opportunity REIT II for offering costs and operating expense reimbursements. On June 14, 2014, the Company had provided a $1.3 million short-term bridge loan to Opportunity REIT II with interest at LIBOR plus 300 basis points which was repaid in full by June 30, 2014.
	Relationship with CVC Credit Partners. On May 6, 2014, the Company made a €1.5 million bridge loan to CVC Credit Partners with interest accruing at a rate of the Euro Interbank Offered Rate ("EURIBOR") plus 7%. In connection with the original loan agreement, the Company made an additional advance of €500,000 on December 8, 2014. In September 2014, the Company and CVC agreed to extend the maturity of the note until April 2015 and, in March of 2015, further extended the maturity to September 30, 2015.
	Advances to Real Estate Limited Partnership. The Company made advances to one of its affiliated real estate limited partnerships under a revolving note of up to $3.0 million bearing interest at the prime rate. Advances outstanding of $2.3 million as of March 31, 2014 were repaid in full on December 16, 2014. The Company recorded $17,000 of interest income on this loan during the three months ended March 31, 2014.
	In February 2014, the Company loaned a non-executive employee $300,000 under a promissory note bearing interest at 3-month LIBOR plus 3%, resetting annually. In December 2014, the Company amended the terms of the note to provide for an initial repayment of $50,000 plus accrued interest, which was paid on March 15, 2015, with the remaining principal and interest due in full on March 15, 2016.

FAIR_VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE	NOTE 16 - FAIR VALUE
	In analyzing the fair value of its assets and liabilities accounted for on a fair value basis, the Company follows the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Assets and liabilities are categorized into one of three levels based on the assumptions (inputs) used in valuing the asset or liability. Level 1 provides the most reliable measure of fair value, while Level 3 generally requires significant management judgment. The three levels are defined as follows:
	Level 1 − Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date.
	Level 2 − Observable inputs other than quoted prices included within Level 1, such as quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets.
	Level 3 − Unobservable inputs that reflect the entity's own assumptions about the assumptions that market participants would use in the pricing of the asset or liability and that are, consequently, not based on market activity, but upon particular valuation techniques.
	There were no transfers between any of the levels within the fair value hierarchy for any of the periods presented.
	The following is a discussion of the assets and liabilities that are recorded at fair value on a recurring and non-recurring basis, as well as the valuation techniques applied to each fair value measurement and the estimates and assumptions used by the Company in those measurements.
	Investment securities. The Company uses quoted market prices to value its investments in DIF and TBBK common stock (Level 1) and net asset value ("NAV") calculated by the independent fund administrator to value its investment in RREGPS. The Company can redeem its investment in RREGPS with 60-day notice. The underlying investments in RREGPS are all publicly-traded securities as of March 31, 2015 (Level 2).
	The fair value of the Company's investments in CLO and CDO securities are based on internally-generated expected cash flow models that require significant management judgments and estimates due to the lack of market activity and unobservable pricing inputs. The significant unobservable inputs used in the fair value measurement include the constant prepayment rate ("CPR"), a probability of default ("CDR"), severity rate, reinvestment price on underlying collateral and the discount rate. Significant increases (decreases) in the default or discount rates in isolation would result in a significantly lower (higher) fair value measurement, whereas significant increases (decreases) in the recovery rate, prepayment rate or reinvestment price in isolation would result in a significantly higher (lower) fair value measurement.  Generally, a change in the assumption used for the probability of default is accompanied by a directionally similar change in the assumption used for the discount rate and a directionally opposite change in the assumption used for prepayment rates, recovery rates and reinvestment prices on underlying collateral.  As of March 31, 2015, the Company holds four securities of value within its trading portfolio, three of which are debt/equity investments in externally managed CDO issuers and one is a term loan (Level 3).
	Investment in Apidos-CVC preferred stock and contractual commitment. The Company's contractual commitment associated with its investment in the Apidos-CVC preferred stock was initially valued at $589,000 based on the present value of the underlying discounted projected cash flows of the legacy Apidos incentive management fees (Level 3).
	The fair value of the Company’s assets and liabilities recorded at fair value on a recurring basis were as follows (in thousands):
		Level 1			Level 2			Level 3		Total
	Assets - Investment securities
	March 31, 2015	$	284		$	788		$	8,713	$	9,785
	December 31, 2014	$	310		$	741		$	8,489	$	9,540
	Liabilities - Apidos contractual commitment	Level 1			Level 2			Level 3		Total
	March 31, 2015	$	—		$	—		$	694	$	694
	December 31, 2014	$	—		$	—		$	745	$	745
	The following table presents additional information about assets which were measured at fair value on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value during three months ended March 31, 2015 (in thousands):
		Investment Securities
	Balance, beginning of year	$	8,489
	Purchases	611
	Income accreted	288
	Payments and distributions received, net	(455		)
	Sales	(175		)
	Losses on sales of trading securities	(15		)
	Unrealized holding gains on trading securities	20
	Change in unrealized gains included in accumulated other comprehensive loss	(50		)
	Balance, end of period	$	8,713
	The following table presents additional information about assets which were measured at fair value on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value during year ended December 31, 2014 (in thousands):
		Investment Securities
	Balance, beginning of year	$	7,407
	Purchases	15,063
	Income accreted	995
	Payments and distributions received, net	(3,752		)
	Sales	(13,251		)
	Gain on sale of investment securities, net	445
	Unrealized losses on trading securities	(200		)
	Realized gains on trading securities	1,850
	Change in unrealized losses included in accumulated other comprehensive loss	(68		)
	Balance, end of year	$	8,489
	The following table presents the Company's quantitative inputs and assumptions used in determining the fair value of items categorized in Level 3 (in thousands, except percentages):
		Fair value at March 31, 2015			Valuation Technique		Unobservable Inputs	Assumptions
								(weighted average)
	CLO securities	$	8,447		Discounted cash flow		Constant default rate	0% - 2%
							Loss severity rate	25%
							Constant prepayment rate - year one	30%
							Constant prepayment rate - year two	25%
							Constant prepayment rate - thereafter	25%
							Reinvestment price on collateral	99.50%
							Reinvestment spread	0% - 450%
							Discount rates	13%
	Trading securities	$	266		Net asset value		Value of underlying assets	variable
					Discounted cash flow		Constant default rate	2% - 9%
							Constant prepayment rate	20% - 30%
							Loss severity rate	30%
	The fair value of financial instruments required to be disclosed at fair value, excluding instruments valued on a recurring basis, is as follows (in thousands):
		March 31, 2015						December 31, 2014
		Carrying			Estimated Fair Value			Carrying		Estimated Fair Value
		Amount						Amount
	Borrowings:
	Real estate debt	$	10,035		$	11,131		$	10,088	$	11,197
	Senior Notes	10,000			13,177			10,000		12,820
	Other debt	1,139			1,139			324		324
	$	21,174		$	25,447		$	20,412	$	24,341
For cash, receivables and payables, the carrying amounts approximate fair value because of the short-term maturity of these instruments.
The Company estimated the fair value of the real estate debt using current interest rates for similar loans. The Company estimated the fair value of the Senior Notes by applying the percentage appreciation in a high-yield fund with approximately similar quality and risk attributes as the Senior Notes. The carrying value of the Company's other debt was estimated using current interest rates for similar loans at March 31, 2015 and December 31, 2014.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 17 - COMMITMENTS AND CONTINGENCIES
	Broker-dealer capital requirement.  Resource Securities serves as a dealer-manager for the sale of securities of direct participation investment programs, both public and private, sponsored by subsidiaries of the Company who also serve as general partners and/or managers of these programs.  Additionally, Resource Securities serves as an introducing agent for transactions involving sales of securities of financial services companies, REITs and insurance companies for the Company and for RSO.  As a broker-dealer, Resource Securities is required to maintain minimum net capital, as defined in regulations under the Securities Exchange Act of 1934, as amended, which was $177,000 and $100,000 as of March 31, 2015 and December 31, 2014, respectively.  As of March 31, 2015 and December 31, 2014, Resource Securities net capital was $1.3 million and $1.4 million, respectively, which exceeded the minimum requirements by $1.1 million and $1.3 million, respectively.
	Clawback liability.  One of the Company's structured finance partnerships that invests in public and private regional banks has a potential clawback of up to 75% of the management fees paid to the Company ($978,000 as of March 31, 2015) to the extent that the limited partners’ aggregate capital contributions exceed the total partner distributions from the fund.  As of March 31, 2015, the fair value of the fund's assets were sufficient to cover the distribution requirement and, as such, no liability has been recorded for this contingency.
	Legal proceedings. The Company is also a party to various routine legal proceedings arising out of the ordinary course of business. Management believes that none of these actions, individually or, in the aggregate, will have a material adverse effect on the Company's consolidated financial condition or operations.
	Real estate commitment.  As a specialized asset manager, the Company sponsors and manages investment funds in which it may make an equity investment along with outside investors.  This equity investment is generally based on a percentage of funds raised and varies among investment programs.  With respect to the Innovation Office REIT, in addition to the $200,000 initial capital investment, the Company is committed to invest up to 1% of the first $100.0 million of equity raised to a maximum of $1.0 million. The liability for this commitment will be recorded in the future as the amounts become due and payable.
	General corporate commitments. The Company is also party to employment agreements with certain executives that provide for compensation and other benefits, including severance payments under specified circumstances.
	As of March 31, 2015, except for the executive compensation, the Company did not believe it was probable that any payments would be required under any of its commitments and contingencies and, accordingly, no liabilities were recorded in the consolidated financial statements.

OPERATING_SEGMENTS

OPERATING SEGMENTS	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
OPERATING SEGMENTS	NOTE 18 - OPERATING SEGMENTS
	The Company manages its operations and makes business decisions based on three reportable operating segments, Real Estate, Financial Fund Management and Commercial Finance, and one segment, RSO, which is a consolidated VIE.  Certain other activities are reported in the “All Other” category and "Eliminations" in the tables in order for the information presented about the Company's operating segments to agree to the consolidated balance sheets and statements of operations. Summarized operating segment data are as follows (in thousands):
	Three Months Ended		Real			Financial			Commercial			All			Total			RSO			Eliminations			Total
	March 31, 2015		Estate			Fund			Finance			Other (1)			RAI									Consolidation
						Management
	Revenues from external customers		$	16,294		$	3,129		$	13		$	—		$	19,436		$	24,361		$	(3,452	)	$	40,345
	Equity in (losses) earnings of unconsolidated entities		672			2,008			(15		)	—			2,665			—			(821		)	1,844
	Total revenues		16,966			5,137			(2		)	—			22,101			24,361			(4,273		)	42,189
	Segment operating expenses		(11,499		)	(2,990		)	(579		)	—			(15,068		)	(21,060		)	3,368			(32,760		)
	General and administrative expenses		(879		)	(284		)	—			(2,134		)	(3,297		)	—			—			(3,297		)
	Provision for credit losses		(114		)	—			(288		)	—			(402		)	—			—			(402		)
	Depreciation and amortization		(312		)	(16		)	—			(129		)	(457		)	—			—			(457		)
	Interest expense		(183		)	—			—			(238		)	(421		)	—			—			(421		)
	Other income (expense), net		223			441			1			(351		)	314			16,516			(467		)	16,363
	Pretax loss (income) attributable to noncontrolling interests (2)		8			—			—			—			8			(8,568		)	(9,227		)	(17,787		)
	Income (loss) from continuing operations, net of noncontrolling interests before taxes		$	4,210		$	2,288		$	(868	)	$	(2,852	)	$	2,778		$	11,249		$	(10,599	)	$	3,428
	Three Months Ended		Real			Financial			Commercial			All			Total			RSO			Eliminations			Total
	March 31, 2014		Estate			Fund			Finance			Other (1)			RAI									Consolidation
						Management
	Revenues from external customers		$	13,630		$	5,990		$	—		$	—		$	19,620		$	25,245		$	(2,880	)	$	41,985
	Equity in (losses) earnings of unconsolidated entities		(355		)	1,085			(99		)	—			631			—			—			631
	Total revenues		13,275			7,075			(99		)	—			20,251			25,245			(2,880		)	42,616
	Segment operating expenses		(8,875		)	(4,389		)	(103		)	—			(13,367		)	(11,285		)	2,819			(21,833		)
	General and administrative expenses		(1,096		)	(453		)	—			(1,605		)	(3,154		)	—			—			(3,154		)
	Provision for credit losses		3			—			(1,211		)	—			(1,208		)	—			—			(1,208		)
	Depreciation and amortization		(308		)	(11		)	—			(132		)	(451		)	—			—			(451		)
	Interest expense		(196		)	—			—			(287		)	(483		)	—			—			(483		)
	Other income, net		256			571			(2		)	(88		)	737			3,516			(554		)	3,699
	Pretax loss (income) attributable to noncontrolling interests (2)		40			—			—			—			40			(2,344		)	(14,807		)	(17,111		)
	Income (loss) from continuing operations, net of noncontrolling interests before taxes		$	3,099		$	2,793		$	(1,415	)	$	(2,112	)	$	2,365		$	15,132		$	(15,422	)	$	2,075
	Segment assets		Real			Financial			Commercial			All			Total			RSO			Total
			Estate			Fund			Finance			Other (1)			RAI						Consolidation
						Management
	31-Mar-15		$	191,539		$	49,258		$	4,173		$	(75,309	)	$	169,661		$	2,932,646		$	3,102,307
	31-Mar-14		$	180,902		$	60,047		$	9,861		$	(82,254	)	$	168,556		$	2,341,335		$	2,509,891
	-1	Includes general corporate expenses and assets not allocable to any particular segment.
	-2	In viewing its segment operations, the Company includes the pretax income attributable to noncontrolling interests.  However, these interests are excluded from income (loss) from operations as computed in accordance with U.S. GAAP and should be deducted to compute income from operations as reflected in the Company’s consolidated statements of operations.

VARIABLE_INTEREST_ENTITIES

VARIABLE INTEREST ENTITIES	3 Months Ended
	Mar. 31, 2015
Variable Interest Entity [Line Items]
VARIABLE INTEREST ENTITIES	NOTE 19 - VARIABLE INTEREST ENTITIES
	In general, a VIE is an entity that does not have sufficient equity to finance its operations without additional subordinated financial support, or an entity for which the risks and rewards of ownership are not directly linked to voting interests. The Company has variable interests in VIEs through its management contracts and investments in various securitization entities, including CDO issuers. Since the Company serves as the asset manager for the investment entities it sponsored and manages, the Company is generally deemed to have the power to direct the activities of the VIE that most significantly impact the entity's economic performance. In the case of an interest in a VIE managed by the Company, the Company will perform an additional qualitative analysis to determine if its interest (including any investment as well as any management fees that qualify as variable interests) could absorb losses or receive benefits that could potentially be significant to the VIE. This analysis considers the most optimistic and pessimistic scenarios of potential economic results that could reasonably be experienced by the VIE. Then, the Company compares the benefits it would receive (in the optimistic scenario) or the losses it would absorb (in the pessimistic scenario) as compared to benefits and losses absorbed by the VIE in total. If the benefits or losses absorbed by the Company were significant as compared to total benefits and losses absorbed by all variable interest holders, then the Company would conclude it is the primary beneficiary.
	Consolidated VIE-RSO
	The Company prepared a quantitative analysis to measure the management/incentive fees and the Company’s equity ownership position in RSO relative to the anticipated economic performance of RSO and determined that its benefits could be significant to RSO. Accordingly, management concluded that the Company is the primary beneficiary and should consolidate RSO. However, the assets of RSO are held solely to satisfy RSO’s obligations and the creditors of RSO have no recourse against the assets of the Company, nor do creditors of the Company have recourse against the assets of RSO.
	The following reflects the assets and liabilities and operations of RSO which were consolidated by the Company:
	RSO Balance Sheets Detail (in thousands):
		March 31,				December 31, 2014
		2015
	ASSETS (1)
	Cash and cash equivalents	$	217,361			$	79,905
	Restricted cash	26,768				122,138
	Subtotal - Cash and cash equivalents	244,129				202,043
	Investment securities, trading	29,770				20,786
	Investment securities available-for-sale, pledged as collateral, at fair value	161,971				197,800
	Investment securities available-for-sale, at fair value	122,099				77,920
	Subtotal - Investments, at fair value	313,840				296,506
	Loans, pledged as collateral and net of allowances of $7.4 million and $4.6 million	1,960,250				1,925,980
	Loans receivable–related party	1,229				1,277
	Loans held for sale	248,254				111,736
	Subtotal - Loans, before eliminations	2,209,733				2,038,993
	Eliminations	(558		)		(558		)
	Subtotal - Loans	2,209,175				2,038,435
	Property held for sale	180				180
	Investments in unconsolidated entities	55,488				59,827
	Subtotal, Investments in real estate and unconsolidated entities	55,668				60,007
	Line items included in "other assets":
	Linked transactions, net at fair value	—				15,367
	Derivatives, at fair value	14,036				5,304
	Interest receivable	18,111				16,260
	Deferred tax asset	12,579				12,634
	Principal paydown receivable	26,906				40,920
	Direct financing leases	1,951				2,109
	Intangible assets	9,229				9,736
	Prepaid expenses	4,263				4,196
	Other assets	22,761				24,604
	Subtotal - Other assets, before eliminations	109,836				131,130
	Eliminations	(2		)		(109		)
	Subtotal - Other assets	109,834				131,021
	Total assets (excluding eliminations)	$	2,933,206			$	2,728,679
	Total assets (including eliminations)	$	2,932,646			$	2,728,012
	LIABILITIES (2)
	Borrowings	$	1,924,598			$	1,716,871
	Eliminations	334				205
	Subtotal Borrowings	1,924,932				1,717,076
	Distribution payable	25,521				30,592
	Accrued interest expense	5,437				2,123
	Derivatives, at fair value	8,860				8,476
	Accrued tax liability	6,982				9,219
	Accounts payable and other liabilities	13,091				9,287
	Subtotal - Other liabilities, before eliminations	59,891				59,697
	Eliminations	(2,684		)		(2,446		)
	Subtotal - Other liabilities	57,207				57,251
	Total liabilities (before eliminations)	$	1,984,489			$	1,776,568
	Total liabilities (after eliminations)	$	1,982,139			$	1,774,327
	RSO Balance Sheets Detail (in thousands):
		March 31,				December 31,
		2015				2014
	(1) Assets of consolidated Variable Interest Entities ("VIE") included in total assets above:
	Cash and cash equivalents	$	133			$	25
	Restricted cash	25,262				121,247
	Investments securities available-for-sale, pledged as collateral, at fair value	94,658				119,203
	Loans held for sale	73,892				282
	Loans, pledged as collateral and net of allowances of $4.2 million	1,445,136				1,261,137
	and $3.3 million
Interest receivable	9,895				8,941
Prepaid expenses	193				221
Principal paydown receivable	26,700				25,767
Other assets	(742		)		(12		)
Total assets of consolidated RSO VIEs	$	1,675,127			$	1,536,811
(2) Liabilities of consolidated VIEs included in total liabilities above :
Borrowings	$	1,170,687			$	1,046,494
Accrued interest expense	1,329				1,000
Derivatives, at fair value	7,305				8,439
Unsettled loan purchases	—				(529		)
Accounts payable and other liabilities	56				(386		)
Total liabilities of consolidated RSO VIEs	$	1,179,377			$	1,055,018
RSO Income Statement Detail (in thousands):
	For the Three Months Ended
	March 31,
	2015				2014
REVENUES
Interest income:
Loans	$	32,663			$	20,229
Securities	4,052				4,004
Leases	95				—
Interest income − other	832				2,852
Total interest income	37,642				27,085
Interest expense	14,902				9,628
Net interest income	22,740				17,457
Rental income	—				5,152
Dividend income	16				136
Fee income	1,605				2,500
Revenues from consolidated VIE-RSO	24,361				25,245
OPERATING EXPENSES
Management fees − related party	3,560				3,080
Equity compensation − related party	995				1,667
Rental operating expense	6				3,396
Lease operating	23				—
General and administrative - Corporate	4,783				2,840
General and administrative - PCM	7,079				3,426
Depreciation and amortization	565				836
Impairment losses	59				—
Provision (recovery) for loan losses	3,990				(3,960		)
Total operating expenses	21,060				11,285
Expenses of consolidated VIE-RSO	21,060				11,285
Adjusted operating income	3,301				13,960
OTHER INCOME (EXPENSE)
Equity in earnings of unconsolidated subsidiaries	706				2,014
Net realized gain (loss) on sales of investment securities available-for-sale and loans and derivatives	14,423				2,088
Net realized and unrealized gains (loss) on investment securities, trading	2,074				(1,560		)
Unrealized gain (loss) and net interest income on linked transactions, net	235				2,305
(Loss) on reissuance/ gain on extinguishment of debt	(900		)		(69		)
(Loss) gain on sale of real estate	(22		)		—
Other income (expense)	—				(1,262		)
Other income, net, from consolidated VIE - RSO	16,516				3,516
Income from continuing operations	19,817				17,476
Income tax (expense) benefit - RSO	(1,847		)		(16		)
NET INCOME (LOSS)	17,970				17,460
Net (loss) income allocated to preferred shares	(6,091		)		(2,400		)
Net (income) loss allocable to non-controlling interest, net of taxes	(2,477		)		56
NET INCOME (LOSS) ALLOCABLE TO RSO COMMON SHAREHOLDERS	$	9,402			$	15,116
RSO Cash Flow Detail (in thousands)	Three Months Ended
	March 31,
	2015				2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	17,970			$	17,460
Items included in "Change in cash attributable to consolidated VIE-RSO":
Provision (recovery of) for loan losses	3,990				(3,960		)
Depreciation of investments in real estate and other	139				392
Amortization of intangible assets	507				444
Amortization of term facilities	115				534
Accretion (amortization) of net discounts (premiums) on loans held for investment	(338		)		(574		)
Accretion (amortization) of net discounts (premiums) on securities available-for-sale	837				(769		)
Amortization (accretion) of discount (premium) on notes of securitization	463				434
Amortization of debt issuance costs on notes of securitizations	1,066				796
Amortization of stock-based compensation	995				1,667
Amortization of (accretion) of terminated derivative instruments	67				70
Accretion (amortization) of interest-only available-for-sales securities	873				(137		)
Deferred income tax (benefit) expense	(48		)		(89		)
Purchase of mortgage loans held for sale, net	(58,136		)		(877		)
Purchase of securities, trading	(16,268		)		—
Principal payments on securities, trading	—				42
Proceeds from sales of securities, trading	8,095				—
Net realized and unrealized loss (gain) on investment securities, trading	(2,074		)		1,560
Net realized (gains) loss on sales of investment securities available-for-sale and loans	(14,423		)		(3,680		)
Loss (gain) on reissuance (extinguishment) of debt	900				69
Loss (gain) on sale of real estate	22				—
Settlement of derivative instruments	82				—
Net impairment losses recognized in earnings	59				—
Linked transactions fair value adjustments	(235		)		(1,763		)
Equity in net (earnings) losses of unconsolidated subsidiaries	(706		)		(2,014		)
Changes in operating assets and liabilities, net of acquisitions	65,786				9,563
Net cash (used in) provided by operating activities	(8,232		)		1,708
Change in consolidated VIE-RSO cash for the period	(137,456		)		95,584
Subtotal - Change in cash attributable to consolidated VIE-RSO before eliminations	(145,688		)		97,292
Elimination of intercompany activity	(27		)		(28		)
Subtotal - Adjustments to reconcile net income and operating cash flows to net income of consolidated VIE-RSO	(145,715		)		97,264
Net cash provided by operating activities of consolidated VIE-RSO (excluding eliminations)	9,738				19,168
	Three Months Ended
	March 31,
	2015				2014
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of loans	(207,983		)		(169,380		)
Purchase of securities available-for-sale	(4,000		)		(48,321		)
Subtotal - Purchase of loans and securities by consolidated VIE-RSO, before eliminations	(211,983		)		(217,701		)
Principal payments received on loans	91,294				90,948
Proceeds from sale of loans	16,922				15,974
Principal payments on securities available-for-sale	37,860				17,325
Proceeds from sale of securities available-for-sale	7,113				12,314
Principal payments received on loans - related parties	—				753
Subtotal - principal payments and proceeds from sales received by consolidated VIE-RSO, before eliminations	153,189				137,314
(Increase) decrease in restricted cash	33,230				(12,849		)
Items included in "Other investing activity of consolidated VIE-RSO":
Return of capital from (investment in) unconsolidated entity	4,391				5,650
Acquisition of controlling interest in Moselle CLO S.A.	—				(30,433		)
Investment in loans - related parties	(903		)		(285		)
Purchase of furniture and fixtures	—				(38		)
Acquisition of property and equipment	(171		)		(269		)
Subtotal - Other investing activity of consolidated VIE-RSO, before eliminations	3,317				(25,375		)
Eliminations	—				(391		)
Subtotal - Other investing activity of consolidated VIE-RSO	3,317				(25,766		)
Net cash used in investing activities of consolidated VIE-RSO	(22,247		)		(118,611		)
(excluding eliminations)
	Three Months Ended
	March 31,
	2015				2014
CASH FLOWS FROM FINANCING ACTIVITIES:
Items included in "Net borrowings (repayments) of debt by consolidated VIE-RSO"
Proceeds from borrowings:
Repurchase agreements, net of repayments	—				75,877
Senior secured revolving credit facility, net of repayments	21,500				—
CRE Securitization	282,127				—
Reissuance of debt	8,100				—
Convertible senior notes	99,000				—
Payments on borrowings:
Collateralized debt obligations	(161,713		)		(59,668		)
Repurchase agreements, net of borrowings	(64,812		)		—
Subtotal - net borrowings of debt by consolidated VIE-RSO	184,202				16,209
Distributions paid on common stock	(26,563		)		(25,536		)
Elimination of dividends paid to RAI	478				572
Distributions paid on common stock of consolidated VIE-RSO, after eliminations	(26,085		)		(24,964		)
Net proceeds from issuances of common stock (net of offering costs of $0 and $0)	—				245
Net proceeds from dividend reinvestment and stock purchase plan (net of offering costs of $0 and $0)	106				—
Repurchase of common stock	(5		)		—
Proceeds from issuance of 8.5% Series A redeemable	—				4,440
preferred shares (net of offering costs of $0 and $0)
Proceeds from issuance of 8.25% Series B redeemable	3,002				10,975
preferred shares (net of offering costs of $111 and $565)
Subtotal - net proceeds from issuance of stock by consolidated VIE-RSO	3,103				15,660
Payment of debt issuance costs	(6,639		)		(8		)
Settlement of derivative instruments	3,091				—
Distributions paid to non-controlling interests	(2,987		)		—
Proceeds received from non-controlling interests	1,802				—
Payment of equity to third party sub-note holders	—				(307		)
Distributions paid on preferred stock	(6,044		)		(2,159		)
Subtotal - Other consolidated financing activity of consolidated VIE-RSO, before eliminations	(10,777		)		(2,474		)
Eliminations	100				—
Subtotal - Other consolidated financing activity of consolidated VIE-RSO	(10,677		)		(2,474		)
Net cash provided by financing activities of consolidated VIE-RSO, excluding eliminations	149,965				3,859
Net increase (decrease) in cash and cash equivalents	137,456				(95,584		)
Cash and cash equivalents, beginning of year of consolidated VIE-RSO	79,905				262,270
Cash and cash equivalents, end of period of consolidated VIE-RSO	$	217,361			$	166,686
Supplemental disclosures:
Interest expense paid in cash	$	9,378			$	8,576
Income taxes paid in cash	$	1,739			$	1,774
Summary of Significant Accounting Policies - RSO
Reclassifications
Certain reclassifications have been made to RSO's 2014 consolidated financial statements to conform to the 2015 presentation.
Variable Interest Entities - RSO
RSO has evaluated its securities, loans, investments in unconsolidated entities, liabilities to subsidiary trusts issuing preferred securities (consisting of unsecured junior subordinated notes) and its securitizations in order to determine if they are variable interests in VIEs. RSO monitors these legal interests and, to the extent it has determined that it has a variable interest, analyzes the entity for potential consolidation. A VIE is required to be consolidated by its primary beneficiary. RSO will continually analyze entities in which it holds variable interests, including when there is a reconsideration event, to determine whether such entities are VIEs and whether such potential VIEs should be consolidated or deconsolidated. This analysis requires considerable judgment in determining the primary beneficiary of a VIE and could result in consolidation of an entity that would otherwise not have been consolidated or the non-consolidation of an entity that otherwise would have been consolidated.
Consolidated VIEs (RSO is the primary beneficiary)
Based on RSO management’s analysis, RSO is the primary beneficiary of twelve VIEs at March 31, 2015: Apidos CDO I, Apidos CDO III, Apidos Cinco CDO, Apidos CLO VIII, RREF CDO 2006-1, RREF CDO 2007-1, Whitney CLO I, RCC CRE Notes 2013, RCC 2014-CRE2, RCC 2015-CRE3, Moselle CLO and RCM Global, LLC. In performing the primary beneficiary analysis for Apidos CDO I, Apidos CDO III, Apidos Cinco CDO, Apidos CLO VIII, RREF CDO 2006-1, RREF CDO 2007-1, RCC CRE Notes 2013, RCC 2014-CRE2, RCC 2015-CRE3 and RCM Global, LLC, it was determined that the parties that have the power to direct the activities that are most significant to each of these VIEs and who have the right to receive benefits and the obligation to absorb losses that could potentially be significant to these VIEs, are a related-party group. It was then determined that RSO was the party within that group that is more closely associated with each such VIE considering the design of the VIE, the principal-agency relationship between RSO and other members of the related-party group, and the relationship and significance of the activities of the VIE to RSO compared to the other members of the related-party group.
Apidos CDO I, Apidos CDO III, Apidos Cinco CDO, Apidos CLO VIII, RREF CDO 2006-1, RREF CDO 2007-1, RCC CRE Notes 2013, RCC 2014-CRE2 and RCC 2015-CRE3 and RCM Global, LLC were formed on behalf of RSO to invest in real estate-related securities, CMBS, property available-for-sale, bank loans, corporate bonds and asset-backed securities and were financed by the issuance of debt securities. The Manager and CVC Credit Partners manage these entities on behalf of RSO. By financing these assets with long-term borrowings through the issuance of bonds, RSO seeks to generate attractive risk-adjusted equity returns and to match the term of its assets and liabilities. The primary beneficiary determination for each of these VIEs was made at each VIE’s inception and is continually assessed.
Moselle CLO was a European securitization in which RSO purchased a $30.4 million interest in the form of subordinate notes representing 100% of the Class 1 Subordinated Notes and 67.9% Class 2 subordinated Notes in February 2014. The CLO was managed by an independent third-party and such collateral management activities were determined to be the activities that most significantly impacted the economic performance of the CLO. Though neither RSO nor one of its related parties managed the CLO, due to certain unilateral kick-out rights within the collateral management agreement it was determined that RSO had the power to direct the activities that most significantly impacted the economic performance of Moselle CLO. Having both the power to direct the activities that most significantly impacted Moselle CLO and a financial interest that was expected to absorb both positive and negative variability in the CLO that could potentially be significant, RSO was determined to be the primary beneficiary of Moselle CLO and, therefore, consolidated the CLO. During the fourth quarter of 2014, the CLO began the liquidation process and all assets were sold as of March 31, 2015.
Whitney CLO I was a securitization in which RSO acquired rights to manage the collateral assets held by the entity in February 2011. For a discussion on the primary beneficiary analysis for Whitney, see “- Unconsolidated VIEs - Resource Capital Asset Management,” below.
On July 9, 2014, RCC Residential, together with RSO, the Company and certain of its employees, acquired through RCM Global a portfolio of securities from JP Morgan for $23.5 million.  The portfolio, is managed by the Company. RCC Residential contributed $15.0 million for a 63.8% membership interest. Each of the members of RCM Global will be allocated the revenue/expenses of RCM Global in accordance with its or his membership interest. RCM Global was determined to be a VIE based on the equity holders' inability to direct the activities that are most significant to the entity. RSO was determined to be the primary beneficiary of RCM Global and, therefore, consolidated the entity. RSO's ownership interest was 53.2% as of March 31, 2015.
In September 2014, RSO contributed $17.5 million of capital to Pelium Capital, for an 80.4% interest. Pelium Capital is a specialized credit opportunity fund managed by the Company. RSO will receive 10% of the carried interest in the partnership for the first five years, which can increase to 20% if RSO's capital contributions aggregate $40.0 million. Pelium Capital was determined not to be a VIE as there was sufficient equity at risk, RSO does not have disproportionate voting rights and Pelium's members have all of the following characteristics (1) the power to direct the activities (2) the obligation to absorb losses and (3) the right to receive residual returns. However, Pelium Capital was consolidated as a result of RSO's majority ownership and the Company's unilateral kick-out rights. The non-controlling interest in this vehicle is owned by Resource America. In February 2015, RSO made an additional capital contribution of $2.5 million. RSO's ownership interest in Pelium decreased 71.8% as of March 31, 2015.
For consolidated CLOs in which RSO does not own 100% of the subordinated notes, RSO imputes an interest rate using expected cash flows over the life of the CLO and records the third party's share of the cash flows as interest expense on RSO's consolidated statements of income.
RSO has exposure to losses on its securitizations to the extent of its subordinated debt and preferred equity interests in them. RSO is entitled to receive payments of principal and interest on the debt securities it holds and, to the extent revenues exceed debt service requirements and other expenses of the securitizations, distributions with respect to its preferred equity interests. As a result of consolidation, debt and equity interests RSO holds in these securitizations have been eliminated, and RSO’s consolidated balance sheets reflects both the assets held and debt issued by the securitizations to third parties and any accrued expense to third parties. RSO's operating results and cash flows include the gross amounts related to the securitizations' assets and liabilities as opposed to RSO's net economic interests in the securitizations. Assets and liabilities related to the securitizations are disclosed, in the aggregate, on RSO's consolidated balance sheets.
The creditors of RSO’s twelve consolidated VIEs have no recourse to the general credit of RSO or the Company. However, RSO in its capacity as manager, RSO has voluntarily supported two credits in one of its commercial real estate CDOs as the credits went through a restructuring in order to maximize future cash flows from the CDO. For the three months ended March 31, 2015 and 2014, RSO has provided financial support of $0 and $539,000, respectively. RSO has provided no other financial support to any other of its VIEs nor does it have any requirement to do so, although it may choose to do so in the future to maximize future cash flows on such investments by RSO. There are no explicit arrangements that obligate RSO to provide financial support to any of its consolidated VIEs.
The following table shows the classification and carrying value of assets and liabilities of RSO's consolidated VIEs as of March 31, 2015 (in thousands):
	Apidos I				Apidos				Apidos				Whitney CLO I				RREF				RREF				RCC CRE Notes 2013				RCC 2014-CRE2			RCC 2015-CRE3		Moselle		RCM Global, LLC			Total
					III				Cinco								2006-1				2007-1
ASSETS
Cash and cash equivalents	$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—		$	—	$	—	$	133		$	133
Restricted cash (1)	76				4,519				17,227				116				18				250				2,514				—			5		537		—			25,262
Investment securities available-for-sale, pledged as collateral, at fair value	—				2,856				10,891				—				5,777				57,930				—				—			—		—		17,204			94,658
Loans, pledged as collateral	153				(79		)		223,524				—				125,373				199,987				204,181				350,362			341,635		—		—			1,445,136
Loans held for sale	—				71,611				2,281				—				—				—				—				—			—		—		—			73,892
Interest receivable	—				433				744				—				2,485				2,081				1,081				1,377			1,285		—		409			9,895
Prepaid assets	—				15				40				—				47				48				43				—			—		—		—			193
Principal paydown receivable	—				—				—				—				—				5,775				20,925				—			—		—		—			26,700
Other assets	—				—				—				—				—				—				—				9			—		—		(751		)	(742		)
Total assets (2)	$	229			$	79,355			$	254,707			$	116			$	133,700			$	266,071			$	228,744			$	351,748		$	342,925	$	537	$	16,995		$	1,675,127
LIABILITIES
Borrowings	$	—			$	67,028			$	229,644			$	—			$	52,958			$	131,717			$	179,547			$	231,662		$	278,011	$	120	$	—		$	1,170,687
Accrued interest expense	—				45				234				—				42				148				289				195			376		—		—			1,329
Derivatives, at fair value	—				—				—				—				608				6,697				—				—			—		—		—			7,305
Accounts payable and other liabilities	—				33				13				—				4				1				—				—			3		—		2			56
Total liabilities	$	—			$	67,106			$	229,891			$	—			$	53,612			$	138,563			$	179,836			$	231,857		$	278,390	$	120	$	2		$	1,179,377
-1	Includes $2.8 million available for reinvestment in certain of the securitizations.
-2	Assets of each of the consolidated VIEs may only be used to settle the obligations of each respective VIE.
-3	In October 2013, RSO liquidated Apidos CLO VIII and all of the assets were sold. However, RSO still owns its share of beneficial interests that caused it to consolidate it.
Unconsolidated VIEs (RSO is not the primary beneficiary, but has a variable interest)
Based on RSO management’s analysis, RSO is not the primary beneficiary of the VIEs discussed below since it does not have both (i) the power to direct the activities that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb the losses of the VIE or the right to receive the benefits from the VIE, which could be significant to the VIE. Accordingly, the following VIEs are not consolidated in RSO’s financial statements as of March 31, 2015. RSO’s maximum exposure to risk for each of these unconsolidated VIEs is set forth in the “Maximum Exposure to Loss,” column in the table below.
LEAF Commercial Capital, Inc.
On November 16, 2011, RSO and LEAF Financial, Inc. ("LEAF Financial"), a subsidiary of the Company, and LEAF Commercial Capital, Inc. ("LEAF"), another subsidiary of the Company, entered into a stock purchase agreement and related agreements (collectively the “SPA”) with Eos Partners, L.P., a private investment firm, and its affiliates (“Eos”). In exchange for its prior interests in its lease related investments, RSO received 31,341 shares of Series A Preferred Stock (the "Series A Preferred Stock"), 4,872 shares of newly issued 8% Series B Redeemable Preferred Stock (the "Series B Preferred Stock") and 2,364 shares of newly issued Series D Redeemable Preferred Stock (the "Series D Preferred Stock"), collectively representing, on a fully-diluted basis assuming conversion, a 26.7% interest in LEAF. At the time of investment, RSO's investment in LEAF was valued at $36.3 million based on a third-party valuation at that time.  During 2013, RSO entered into a third stock purchase agreement with LEAF to purchase 3,682 shares of newly issued Series A-1 Preferred Stock (the "Series A-1 Preferred Stock") for $3.7 million and 4,445 shares of newly issued Series E Preferred Stock (the "Series E Preferred Stock") for $4.4 million. The Series E Preferred Stock has priority over all other classes of preferred stock. RSO's fully-diluted interest in LEAF assuming conversion was 28.4% at March 31, 2015. RSO's investment in LEAF was recorded at $39.5 million and $39.4 million as of March 31, 2015 and December 31, 2014, respectively. RSO determined that it is not the primary beneficiary of LEAF because it does not participate in any management or portfolio decisions, holds only two of six board positions, and only controls 28.4% of the voting rights in the entity. Furthermore, Eos holds consent rights with respect to significant LEAF actions, including incurrence of indebtedness, consummation of a sale of the entity, liquidation or initiating a public offering.
Unsecured Junior Subordinated Debentures
RSO has a 100% interest in the common shares of Resource Capital Trust I (“RCT I”) and RCC Trust II (“RCT II”), valued at $1.5 million in the aggregate (or 3% of each trust). RCT I and RCT II were formed for the purposes of providing debt financing to RSO, as described below. RSO completed a qualitative analysis to determine whether or not it is the primary beneficiary of each of the trusts and determined that it was not the primary beneficiary of either trust because it does not have the power to direct the activities most significant to the trusts, which include the collection of principal and interest and protection of collateral through servicing rights. Accordingly, neither trust is consolidated into RSO’s consolidated financial statements.
RSO records its investments in RCT I's and RCT II’s common shares as investments in unconsolidated trusts using the cost method and records dividend income when declared by RCT I and RCT II. The trusts each hold subordinated debentures for which RSO is the obligor in the amount of $25.8 million for RCT I and $25.8 million for RCT II. The debentures were funded by the issuance of trust preferred securities of RCT I and RCT II. RSO will continuously reassess whether it should be deemed to be the primary beneficiary of the trusts.
Resource Capital Asset Management CLOs
In February 2011, RSO purchased a company that managed bank loan assets through five CLOs. As a result, RSO became entitled to collect senior, subordinated and incentive management fees from these CLOs. The purchase price of $22.5 million resulted in an intangible asset that was allocated to each of the five CLOs and is amortized over the expected life of each CLO. The unamortized balance of the intangible asset was $9.0 million and $9.4 million at March 31, 2015 and December 31, 2014, respectively. RSO recognized fee income of $965,000 and $1.7 million for the three months ended March 31, 2015 and 2014, respectively. With respect to four of these CLOs, RSO determined that it does not hold a controlling financial interest and, therefore, is not the primary beneficiary. One of the CLOs was liquidated in February 2013. With respect to the fifth CLO, Whitney CLO I, in October 2012, RSO purchased 66.6% of its preferred equity, which resulted in consolidation. Based upon that purchase, RSO determined that it had an obligation to absorb losses and/or the right to receive benefits that could potentially be significant to Whitney CLO I and that a related party had the power to direct the activities that are most significant to the VIE. As a result, together with the related party, RSO had both the power to direct and the right to receive benefits and the obligation to absorb losses. It was then determined that, between RSO and the related party, RSO was the party within that group that was more closely associated with Whitney CLO I because of its preferred equity interest in Whitney CLO I. RSO, therefore, consolidated Whitney CLO I. In May 2013, RSO purchased additional equity in this CLO which increased its equity ownership to 68.3% of the outstanding preferred equity of Whitney CLO I. In September 2013, RSO liquidated Whitney CLO I, and, as a result, all of the assets were sold.
The following table shows the classification, carrying value and maximum exposure to loss with respect to RSO’s unconsolidated VIEs as of March 31, 2015 (in thousands):
	Unconsolidated Variable Interest Entities
	LEAF				Unsecured Junior Subordinated Debentures				Resource Capital Asset Management CDOs				Total				Maximum Exposure to Loss
Investment in unconsolidated entities	$	39,469			$	1,548			$	—			$	41,017			41,017
Intangible assets	—				—				8,990				8,990				8,990
Total assets	39,469				1,548				8,990				50,007
Borrowings	—				51,256				—				51,256				N/A
Total liabilities	—				51,256				—				51,256				N/A
Net asset (liability)	$	39,469			$	(49,708	)		8,990				$	(1,249	)		N/A
As of March 31, 2015, there were no explicit arrangements or implicit variable interests that could require RSO to provide financial support to any of its unconsolidated VIEs.
Supplemental cash flow information - RSO
Supplemental disclosure of cash flow information is summarized for the periods indicated (in thousands):
	Three Months Ended
	March 31,
	2015				2014
Non-cash investing activities include the following:
Conversion of linked transactions assets to CMBS (1)	$	48,605			$	—
Non-cash financing activities include the following:
Distributions on common stock declared but not paid	$	21,423			$	25,663
Distributions on preferred stock declared but not paid	$	6,116			$	2,520
Issuance of restricted stock	$	1,163			$	640
Conversion of linked transaction liabilities to repurchase agreement borrowings (1)	$	33,377			$	—
-1	As a result of an accounting standards update adopted on January 1, 2015, RSO unlinked their previously linked transactions, resulting in non-cash increases in both their CMBS and related purchase borrowings balances.
Investment securities, trading - RSO
The following table summarizes RSO's structured notes and RMBS that are classified as investment securities, trading and carried at fair value (in thousands). Structured notes are CLO debt securities collateralized by syndicated bank loans, and RMBS is a type of mortgage-backed debt obligation whose cash flows come from residential debt.
	Amortized Cost				Unrealized Gains				Unrealized Losses				Fair Value
As of March 31, 2015:
Structured notes	$	30,308			$	2,063			$	(2,601	)		$	29,770
RMBS	1,896				—				(1,896		)		—
Total	$	32,204			$	2,063			$	(4,497	)		$	29,770
As of December 31, 2014:
Structured notes	$	22,876			$	1,098			$	(3,188	)		$	20,786
RMBS	1,896				—				(1,896		)		—
Total	$	24,772			$	1,098			$	(5,084	)		$	20,786
RSO sold twelve securities during the three months ended March 31, 2015, for a net realized gain of $432,000. RSO held 45 and 37 investment securities, trading as of March 31, 2015 and December 31, 2014, respectively.
Investment securities available-for-sale - RSO
The following table summarizes RSO's investment securities, including those pledged as collateral and classified as available-for-sale, which are carried at fair value (in thousands):
	Amortized				Unrealized Gains				Unrealized Losses				Fair Value
	Cost (1)
As of March 31, 2015:
CMBS	$	188,052			$	6,450			$	(734	)		$	193,768
RMBS	28,964				1,192				—				30,156
ABS	45,889				12,233				(387		)		57,735
Corporate bonds	2,417				14				(20		)		2,411
Total	$	265,322			$	19,889			$	(1,141	)		$	284,070
As of December 31, 2014:
CMBS	$	168,669			$	4,938			$	(3,202	)		$	170,405
RMBS	29,814				937				—				30,751
ABS	55,617				16,876				(336		)		72,157
Corporate bonds	2,415				10				(18		)		2,407
Total	$	256,515			$	22,761			$	(3,556	)		$	275,720
-1	As of March 31, 2015 and December 31, 2014, $162.0 million and $197.8 million, respectively, of investment securities available-for-sale were pledged as collateral under related financings.
The following table summarizes the estimated maturities of RSO’s CMBS, RMBS, ABS and corporate bonds according to their estimated weighted average life classifications (in thousands, except percentages):
Weighted Average Life	Fair Value				Amortized Cost				Weighted Average Coupon
As of March 31, 2015:
Less than one year	$	84,119		(1)	$	82,983			4.97	%
Greater than one year and less than five years	125,176				113,882				8.34	%
Greater than five years and less than ten years	16,808				14,358				10.86	%
Greater than ten years	57,967				54,099				6.5	%
Total	$	284,070			$	265,322			7.12	%
As of December 31, 2014:
Less than one year	$	78,095		(1)	$	79,649			4.13	%
Greater than one year and less than five years	115,302				100,909				4.64	%
Greater than five years and less than ten years	20,177				17,516				16.45	%
Greater than ten years	62,146				58,441				7.86	%
Total	$	275,720			$	256,515			6.08	%
-1	RSO expects that the maturity date of these CMBS will either be extended or the security will be paid in full.
At March 31, 2015, the contractual maturities of the CMBS investment securities available-for-sale range from May 2015 to December 2022.  The contractual maturity date of RMBS investment securities available-for-sale is June 2029. The contractual maturities of the ABS investment securities available-for-sale range from May 2015 to October 2050. The contractual maturities of the corporate bond investment securities available-for-sale range from May 2016 to December 2019.
The following table shows the fair value, gross unrealized losses and number of securities aggregated by investment category and length of time, of those individual investment securities available-for-sale that have been in a continuous unrealized loss position during the periods specified (in thousands, except number of securities):
	Less than 12 Months											More than 12 Months											Total
	Fair Value				Unrealized				Number of Securities			Fair Value				Unrealized				Number of Securities			Fair Value				Unrealized				Number of Securities
					Losses											Losses											Losses
As of March 31, 2015:
CMBS	$	25,380			$	(220	)		19			$	16,396			$	(514	)		12			$	41,776			$	(734	)		31
ABS	197				(1		)		1			1,388				(386		)		9			1,585				(387		)		10
Corporate Bonds	1,447				(20		)		1			—				—				—			1,447				(20		)		1
Total temporarily	$	27,024			$	(241	)		21			$	17,784			$	(900	)		21			$	44,808			$	(1,141	)		42
impaired securities
As of December 31, 2014:
CMBS	$	35,860			$	(555	)		22			$	25,583			$	(2,647	)		13			$	61,443			$	(3,202	)		35
ABS	1,000				(278		)		8			958				(58		)		3			1,958				(336		)		11
Corporate Bonds	1,447				(18		)		1			—				—				—			1,447				(18		)		1
Total temporarily	$	38,307			$	(851	)		31			$	26,541			$	(2,705	)		16			$	64,848			$	(3,556	)		47
impaired securities
The unrealized losses in the above table are considered to be temporary impairments due to market factors and are not reflective of credit deterioration.
During the three months ended March 31, 2015 and 2014, RSO did not recognize other-than-temporary impairment on positions that supported RSO's CMBS investments.
The following table summarizes RSO's sales of investment securities available-for-sale, (in thousands, except number of securities):
	For the Three Months Ended
	Positions		Par Amount Sold				Realized Gain (Loss)
	Sold
31-Mar-15
ABS	4		$	9.411			$	2.669
31-Mar-14
CMBS	3		$	12,500			$	(298	)
The amounts above do not include redemptions. During the three months ended March 31, 2015, RSO did not redeem any corporate bond positions. During the three months ended March 31, 2014, RSO had one corporate bond position redeemed with a total par value of $630,000, and recognized a loss of approximately $1,000. In addition, during the three months ended March 31, 2015, RSO redeemed two ABS position with a total par value of $2.5 million, and recognized a gain of $3.6 million. During the three months ended March 31, 2014, RSO had one ABS position redeemed with a total par value of $2.5 million, and recognized a gain of $26,000.
Loans - RSO
The following is a summary of RSO’s loans (in thousands):
Loan Description		Principal				Unamortized (Discount) Premium (1)				Carrying
										Value (2)
As of March 31, 2015:
Commercial real estate loans:
Whole loans		$	1,370,303			$	(7,921	)		$	1,362,382
B notes		16,070				(39		)		16,031
Mezzanine loans		67,535				(64		)		67,471
Total commercial real estate loans		1,453,908				(8,024		)		1,445,884
Bank loans		225,216				(899		)		224,317
Middle market loans		295,478				(685		)		294,793
Residential mortgage loans, held for investment		2,641				—				2,641
Subtotal loans before allowances		1,977,243				(9,608		)		1,967,635
Allowance for loan loss		(7,385		)		—				(7,385		)
Total loans held for investment, net of allowances		1,969,858				(9,608		)		1,960,250
Bank loans held-for-sale		73,892				—				73,892
Residential mortgage loans held-for-sale, at fair value (3)		174,559				(197		)		174,362
Total loans held-for-sale		248,451				(197		)		248,254
Total loans, net		$	2,218,309			$	(9,805	)		$	2,208,504
As of December 31, 2014:
Commercial real estate loans:
Whole loans		$	1,271,121			$	(7,529	)		$	1,263,592
B notes		16,120				(48		)		16,072
Mezzanine loans		67,446				(80		)		67,366
Total commercial real estate loans		1,354,687				(7,657		)		1,347,030
Bank loans		332,058				(1,410		)		330,648
Middle market loans		250,859				(746		)		250,113
Residential mortgage loans, held for investment		2,802				—				2,802
Subtotal loans before allowances		1,940,406				(9,813		)		1,930,593
Allowance for loan loss		(4,613		)		—				(4,613		)
Total loans, net of allowances		1,935,793				(9,813		)		1,925,980
Bank loans held-for-sale		282				—				282
Residential mortgage loans held-for-sale, at fair value (3)		111,454				—				111,454
Total loans held-for-sale		111,736				—				111,736
Total loans, net		$	2,047,529			$	(9,813	)		$	2,037,716
-1	Amounts include deferred amendment fees of $110,000 and $88,000 and deferred upfront fees of $68,000 and $82,000 being amortized over the life of the bank loans as of March 31, 2015 and December 31, 2014, respectively.  Amounts include loan origination fees of $8.0 million and $7.6 million as of March 31, 2015 and December 31, 2014, respectively.
-2	Substantially all loans are pledged as collateral under various borrowings at March 31, 2015 and December 31, 2014, respectively.
-3	Residential mortgage loans held for sale, at fair value consisted of $58.3 million and $116.1 million of agency-conforming and jumbo mortgage loans, respectively, as of March 31, 2015. Residential mortgage loans held for sale, at fair value consisted of $28.9 million and $82.6 million of agency-conforming and jumbo mortgage loans, respectively, as of December 31, 2014. Unamortized discount includes an unrealized mark to market loss of $197,000 as of March 31, 2015.
Description		Quantity		Amortized				Contracted		Maturity
				Cost				Interest Rates		Dates (3)
As of March 31, 2015:
Whole loans, floating rate (1) (4) (5)		74		$	1,362,382			LIBOR plus 1.75% to		May 2015 to February 2019
								LIBOR plus 15.00%
B notes, fixed rate		1		16,031				8.68%		Apr-16
Mezzanine loans, floating rate		1		12,659				LIBOR plus 15.32%		Apr-16
Mezzanine loans, fixed rate (6)		3		54,812				0.50% to 18.71%		January 2016 to
										Sep-19
Total (2)		79		$	1,445,884
As of December 31, 2014:
Whole loans, floating rate (1) (4) (5)		73		$	1,263,592			LIBOR plus 1.75% to		May 2015 to
								LIBOR plus 15.00%		Feb-19
B notes, fixed rate		1		16,072				8.68%		Apr-16
Mezzanine loans, floating rate		1		12,558				LIBOR plus 15.32%		Apr-16
Mezzanine loans, fixed rate (6)		3		54,808				0.50% to 18.71%		January 2016 to
										Sep-19
Total (2)		78		$	1,347,030
-1	Whole loans had $96.8 million and $105.1 million in unfunded loan commitments as of March 31, 2015 and December 31, 2014, respectively.  These unfunded commitments are advanced as the borrowers formally request additional funding as permitted under the loan agreement and any necessary approvals have been obtained.
-2	The total does not include an allowance for loan loss of $4.0 million and $4.0 million as of March 31, 2015 and December 31, 2014, respectively.
-3	Maturity dates do not include possible extension options that may be available to the borrowers.
-4	Floating rate loans include two whole loans with a combined $12.0 million mezzanine component that have fixed rates of 12.0% and two whole loans with a combined $4.2 million mezzanine component that have fixed rates of 15% as of March 31, 2015 and December 31, 2014, respectively.
-5	Floating rate whole loans include a $799,000 junior mezzanine tranche of a whole loan that has a fixed rate of 10.0% as of March 31, 2015 and December 31, 2014.
-6	Fixed rate mezzanine loans include a mezzanine loan that was modified into two tranches, which both currently pay interest at 0.50%. In addition, the subordinate tranche accrues interest at LIBOR plus 18.50% which is deferred until maturity.
The following is a summary of the weighted average maturity of RSO’s commercial real estate loans, at amortized cost (in thousands):
Description		2015				2016				2017 and Thereafter				Total
As of March 31, 2015:
B notes		$	—			$	16,031			$	—			$	16,031
Mezzanine loans		—				16,739				50,732				67,471
Whole loans		—				27,678				1,334,704				1,362,382
Total (1)		$	—			$	60,448			$	1,385,436			$	1,445,884
		2015				2016				2017 and Thereafter				Total
As of December 31, 2014:
B notes		$	—			$	16,072			$	—			$	16,072
Mezzanine loans		—				16,736				50,630				67,366
Whole loans		—				27,665				1,235,927				1,263,592
Total (1)		$	—			$	60,473			$	1,286,557			$	1,347,030
-1	Weighted average maturity of commercial real estate loans assumes full exercise of extension options available to borrowers.
At March 31, 2015, RSO’s bank loan portfolio consisted of $298.2 million (net of allowance of $720,000) of floating rate loans, which bear interest ranging between the three month LIBOR plus 1.50%, and the three month LIBOR plus 8.75% with maturity dates ranging from April 2015 to February 2024.
At December 31, 2014, RSO’s bank loan portfolio consisted of $330.4 million (net of allowance of $570,000) of floating rate loans, which bear interest ranging between the three month LIBOR plus 1.75%, and the three month LIBOR plus 8.75% with maturity dates ranging from January 2015 to February 2024.
The following is a summary of the weighted average maturity of RSO’s bank loans, at amortized cost and loans held-for-sale, at the lower of cost or market (in thousands):
	March 31,				December 31,
	2015				2014
Less than one year	$	1,625			$	7,829
Greater than one year and less than five years	282,658				274,332
Five years or greater	13,926				48,769
	$	298,209			$	330,930
At March 31, 2015, RSO’s middle market loan portfolio consisted of $292.3 million (net of allowance of $2.5 million) of floating rate loans, which bear interest ranging between the one or three month LIBOR plus 5.50%, and one or three month LIBOR plus 11.75% with maturity dates ranging from December 2016 to November 2022.
At December 31, 2014, RSO’s bank loan portfolio consisted of $250.1 million of floating rate loans, which bore interest ranging between the three month LIBOR plus 5.50%, and the three month LIBOR plus 9.25% with maturity dates ranging from December 2016 and November 2022.
The following is a summary of the weighted average maturity of RSO’s middle market loans, at amortized cost (in thousands):
	March 31,				December 31,
	2015				2014
Less than one year	$	—			$	—
Greater than one year and less than five years	158,183				132,353
Five years or greater	136,610				117,760
	$	294,793			$	250,113
The following is a summary of the allocation of the allowance for loan loss with respect to RSO's loans (in thousands, except percentages) by asset class:
Description		Allowance for Loan Loss				Percentage of
						Total Allowance
As of March 31, 2015:
B notes		$	22			0.30%
Mezzanine loans		98				1.33%
Whole loans		3,923				53.12%
Bank loans		720				9.75%
Middle market loans		2,512				34.01%
Residential mortgage loans		110				1.49%
Total		$	7,385
As of December 31, 2014:
B notes		$	55			1.19%
Mezzanine loans		230				4.99%
Whole loans		3,758				81.47%
Bank loans		570				12.36%
Total		$	4,613
Principal paydown receivables represent the portion of RSO loan portfolio for which indication has been provided through its various servicers, trustees, or its asset management group that a payoff or paydown of a loan has been received but which, as of period end, RSO has not received and applied such cash to the outstanding loan balance. At March 31, 2015, principal paydown receivables relating to RSO's commercial real estate loan portfolio totaled $26.9 million, the entirety of which RSO received in cash during April 2015.
At March 31, 2015 and December 31, 2014, approximately 26.9% and 27.4%, respectively, of RSO’s commercial real estate loan portfolio was concentrated in California; approximately 6.8% and 7.3%, respectively, in Arizona, and approximately 26.5% and 27.3%, respectively, in Texas. At March 31, 2015 and December 31, 2014, approximately 16.7% and 17.5%, respectively, of RSO’s bank loan portfolio was concentrated in the collective industry grouping of healthcare, education and childcare. At March 31, 2015 and December 31, 2014, approximately 11.5% and 13.1%, respectively, of RSO's middle market loan portfolio was concentrated in the collective industry grouping of hotels, motels, inns, and gaming and 10.3% and 13.7%, respectively, of RSO's middle market loan portfolio was concentrated in the collective industry grouping of personal, food and miscellaneous service. During the quarter ended March 31, 2015, approximately 44.0% of RSO's residential mortgage loans were originated in Georgia, 12.0% in Utah, 9.0% in Virginia, 5.0% in Maryland and 5.0% in North Carolina. At December 31, 2014, approximately 56.0% of RSO's residential mortgage loans were originated in Georgia, 8.0% in Utah, 7.0% in Virginia, 5.0% in Alabama, and 4.0% in Tennessee.
Investments in unconsolidated entities - RSO
The following table shows RSO's investments in unconsolidated entities as of March 31, 2015 and December 31, 2014 and equity in net earnings (losses) of unconsolidated subsidiaries for the three months ended March 31, 2015 and 2014 (in thousands):
											Equity in Net Earnings (Losses) of Unconsolidated Subsidiary
			Balance as of				Balance as of				For the three months ended				For the three months ended
	Ownership %		March 31,				December 31, 2014				March 31,				March 31,
			2015								2015				2014
Värde Investment Partners, L.P.	7.50%		$	654			$	654			$	—			$	(1	)
RRE VIP Borrower, LLC (1)	3% to 5%		—				—				46				866
Investment in LEAF Preferred Stock	28.40%		39,469				39,416				52				(594		)
Investment in CVC Global Credit Opportunities Fund	20.60%		13,817				18,209				608				834
Investment in Life Care Funding (2)	50.20%		—				—				—				(75		)
Investment in School Lane House (1)			—				—				—				984
Subtotal			53,940				58,279				706				2,014
Investment in RCT I and II (3)	3%		1,548				1,548				593				589
Investment in Preferred Equity (1)(4)			—				—				—				1,228
Total			$	55,488			$	59,827			$	1,299			$	3,831
-1	Investment in School Lane House, Investment in RRE VIP Borrower and the Investment in Preferred Equity were sold or repaid as of December 31, 2014.
-2	In January 2013, Long Term Care Conversion ("LTCC") invested $2.0 million into Life Care Funding, LLC ("LCF") for the purpose of originating and acquiring life settlement contracts. In February 2014, RSO invested an additional $1.4 million which resulted in the consolidation of LCF during the first quarter of 2014. Ownership percentage represents ownership after consolidation.
-3	For the three months ended March 31, 2015 and 2014, these amounts are recorded in interest expense on RSO's consolidated statements of income.
(4) For the three months ended March 31, 2014, these amounts are recorded in interest income on loans on RSO's consolidated statements of income.
Financing receivables - RSO
The following tables show the allowance for loan losses and recorded investments in loans for the years indicated (in thousands):
	Commercial Real Estate Loans				Bank Loans				Middle Market Loans				Residential Mortgage Loans				Loans Receivable-Related Party				Total
As of March 31, 2015:
Allowance for Loan Losses:
Allowance for losses at January 1, 2015	$	4,043			$	570			$	—			$	—			$	—			$	4,613
Provision (recovery) for loan losses	—				1,415				2,566				197				(188		)		3,990
Loans charged-off	—				(1,265		)		(54		)		(197		)		188				(1,328		)
Recoveries	—				—				—				110				—				110
Allowance for losses at March 31, 2015	$	4,043			$	720			$	2,512			$	110			$	—			$	7,385
Ending balance:
Individually evaluated for impairment	$	2,202			$	86			$	2,512			$	—			$	—			$	4,800
Collectively evaluated for impairment	$	1,841			$	634			$	—			$	110			$	—			$	2,585
Loans acquired with deteriorated credit quality	$	—			$	—			$	—			$	—			$	—			$	—
Loans:
Ending balance: (1)
Individually evaluated for impairment	$	166,180			$	215			$	294,793			$	—			$	1,229			$	462,417
Collectively evaluated for impairment	$	1,279,704			$	297,994			$	—			$	2,641			$	—			$	1,580,339
Loans acquired with deteriorated credit quality	$	—			$	—			$	—			$	—			$	—			$	—
As of December 31, 2014:
Allowance for Loan Losses:
Allowance for losses at January 1, 2014	$	10,416			$	3,391			$	—			$	—			$	—			$	13,807
Provision for loan losses	(3,758		)		4,173				92				—				1,297				1,804
Loans charged-off	(2,615		)		(6,994		)		(92		)		—				(1,297		)		(10,998		)
Allowance for losses at December 31, 2014	$	4,043			$	570			$	—			$	—			$	—			$	4,613
Ending balance:
Individually evaluated for impairment	$	—			$	570			$	—			$	—			$	—			$	570
Collectively evaluated for impairment	$	4,043			$	—			$	—			$	—			$	—			$	4,043
Loans acquired with deteriorated credit quality	$	—			$	—			$	—			$	—			$	—			$	—
Loans:
Ending balance: (1)
Individually evaluated for impairment	$	166,180			$	1,350			$	250,113			$	—			$	1,277			$	418,920
Collectively evaluated for impairment	$	1,180,850			$	329,580			$	—			$	2,802			$	—			$	1,513,232
Loans acquired with deteriorated credit quality	$	—			$	—			$	—			$	—			$	—			$	—
-1	Loan balances as of March 31, 2015 and December 31, 2014 include loans held for sale.
Credit quality indicators
Bank Loans
RSO uses a risk grading matrix to assign grades to bank loans.  Loans are graded at inception and updates to assigned grades are made continually as new information is received.  Loans are graded on a scale of 1-5 with 1 representing RSO’s highest rating and 5 representing its lowest rating.  RSO also designates loans that are sold after the period end as held for sale at the lower of their fair market value or cost, net of any allowances and costs associated with the loan sales.  RSO considers metrics such as performance of the underlying company, liquidity, collectability of interest, enterprise valuation, default probability, ratings from rating agencies and industry dynamics in grading its bank loans.
Credit risk profiles of bank loans were as follows (in thousands):
	Rating 1				Rating 2				Rating 3				Rating 4				Rating 5				Held for Sale				Total
As of March 31, 2015:
Bank loans	$	200,966			$	16,081			$	5,257			$	1,798			$	215			$	73,892			$	298,209
As of December 31, 2014:
Bank loans	$	291,214			$	32,660			$	5,424			$	—			$	1,350			$	282			$	330,930
All of RSO’s bank loans were performing with the exception of one loan with an amortized cost of $215,000 as of March 31, 2015. As of December 31, 2014, all of RSO’s bank loans were performing with the exception of two loans with an amortized cost of $1.4 million, one of which defaulted as of March 31, 2014, and the other of defaulted as of September 30, 2014.
Middle Market Loans
RSO uses a risk grading matrix to assign grades to middle market loans.  At inception, all middle market loans are graded at a 2 and updates to assigned grades are made continually as new information is received. Loans are graded on a scale of 1-5 with 1 representing RSO’s highest rating and 5 representing its lowest rating.  A loan with a rating of a 2 is considered performing within expectations. RSO considers metrics such as performance of the underlying company, liquidity, collectability of interest and principal payments, enterprise valuation, default probability, and industry dynamics in grading its middle market loans.
Credit risk profiles of middle market loans were as follows (in thousands):
	Rating 1				Rating 2				Rating 3				Rating 4				Rating 5				Held for Sale				Total
As of March 31, 2015:
Middle market loans	$	—			$	284,937			$	4,900			$	—			$	4,956			$	—			$	294,793
As of December 31, 2014:
Middle market loans	$	—			$	240,245			$	9,868			$	—			$	—			$	—			$	250,113
All of RSO’s middle market loans were performing as of March 31, 2015 and December 31, 2014.
Commercial Real Estate Loans
RSO uses a risk grading matrix to assign grades to commercial real estate loans.  Loans are graded at inception and updates to assigned grades are made continually as new information is received.  Loans are graded on a scale of 1-4 with 1 representing RSO’s highest rating and 4 representing its lowest rating.  RSO designates loans that are sold after the period end at the lower of their fair market value or cost, net of any allowances and costs associated with the loan sales.  In addition to the underlying performance of the loan collateral, RSO considers metrics such as the strength of underlying sponsorship, payment history, collectability of interest, structural credit enhancements, market trends and loan terms in grading its commercial real estate loans.
Credit risk profiles of commercial real estate loans were as follows (in thousands):
	Rating 1				Rating 2				Rating 3				Rating 4				Held for Sale				Total
As of March 31, 2015:
Whole loans	$	1,329,882			$	32,500			$	—			$	—			$	—			$	1,362,382
B notes	16,031				—				—				—				—				16,031
Mezzanine loans	45,417				22,054				—				—				—				67,471
	$	1,391,330			$	54,554			$	—			$	—			$	—			$	1,445,884
As of December 31, 2014:
Whole loans	$	1,231,092			$	32,500			$	—			$	—			$	—			$	1,263,592
B notes	16,072				—				—				—				—				16,072
Mezzanine loans	45,432				21,934				—				—				—				67,366
	$	1,292,596			$	54,434			$	—			$	—			$	—			$	1,347,030
All of RSO’s commercial real estate loans were current as of March 31, 2015 and December 31, 2014.
Residential Mortgage Loans
Residential mortgage loans are reviewed periodically for collectability in light of historical experience, the nature and amount of the loan portfolio, adverse situations that may affect the borrower's ability to repay, estimated value of any underlying collateral, and prevailing underlying conditions. RSO also designates loans that are sold after the period end as held for sale at the lower of their fair market value or cost.
During the first quarter of 2015, RSO recorded a recovery of loan losses in the amount of $110,000 related to two loans at par for which it had previously recognized a provision for loan losses.
Loans Receivable - Related Party
RSO did not record an allowance for loan loss or any related party loans during the three months ended March 31, 2015. During the year ended December 31, 2014, RSO recorded a provision for loan losses on one related party loan of $1.3 million before extinguishing the loan and bring direct financing leases in the amount of $2.1 million on RSO's books in lieu of the loan receivable.
Loan Portfolios Aging Analysis
The following table shows the loan portfolio aging analysis as of the dates indicated at cost basis (in thousands):
	30-59				60-89				Greater				Total Past Due				Current				Total				Total Loans > 90 Days and Accruing
	Days				Days				than												Loans
									90 Days												Receivable
As of March 31, 2015:
Whole loans	$	—			$	—			$	—			$	—			$	1,362,382			$	1,362,382			$	—
B notes	—				—				—				—				16,031				16,031				—
Mezzanine loans	—				—				—				—				67,471				67,471				—
Bank loans (1)	—				—				215				215				297,994				298,209				—
Middle market loans	—				—				—				—				294,793				294,793				—
Residential mortgage loans (2)	420				—				88				508				176,692				177,200				—
Loans receivable-related party	—				—				—				—				1,229				1,229				—
Total loans	$	420			$	—			$	303			$	723			$	2,216,592			$	2,217,315			$	—
As of December 31, 2014:
Whole loans	$	—			$	—			$	—			$	—			$	1,263,592			$	1,263,592			$	—
B notes	—				—				—				—				16,072				16,072				—
Mezzanine loans	—				—				—				—				67,366				67,366				—
Bank loans (1)	—				—				1,350				1,350				329,580				330,930				—
Middle market loans	—				—				—				—				250,113				250,113				—
Residential mortgage loans (2)	443				82				119				644				113,612				114,256				—
Loans receivable-related party	—				—				—				—				1,277				1,277				—
Total loans	$	443			$	82			$	1,469			$	1,994			$	2,041,612			$	2,043,606			$	—
-1	Contains $73.9 million and $282,000 of bank loans held for sale at March 31, 2015 and December 31, 2014, respectively.
-2	Contains $174.6 million and $111.5 million of residential mortgage loans held for sale at March 31, 2015 and December 31, 2014, respectively.
Impaired Loans
The following tables show impaired loans as of the dates indicated (in thousands):
	Recorded Balance				Unpaid Principal Balance				Specific Allowance				Average Investment in Impaired Loans				Interest Income Recognized
As of March 31, 2015:
Loans without a specific valuation allowance:
Whole loans	$	128,108			$	128,108			$	—			$	130,445			$	13,617
B notes	$	—			$	—			$	—			$	—			$	—
Mezzanine loans	$	38,072			$	38,072			$	—			$	38,072			$	3,186
Bank loans	$	—			$	—			$	—			$	—			$	—
Middle market loans	$	—			$	—			$	—			$	—			$	—
Residential mortgage loans	$	2,641			$	2,641			$	—			$	2,641			$	21
Loans receivable - related party	$	—			$	—			$	—			$	—			$	—
Loans with a specific valuation allowance:
Whole loans	$	—			$	—			$	—			$	—			$	—
B notes	$	—			$	—			$	—			$	—			$	—
Mezzanine loans	$	—			$	—			$	—			$	—			$	—
Bank loans	$	215			$	215			$	(86	)		$	—			$	—
Middle market loans	$	4,956			$	4,956			$	(2,512	)		$	—			$	—
Residential mortgage loans	$	—			$	—			$	—			$	—			$	—
Loans receivable - related party	$	—			$	—			$	—			$	—			$	—
Total:
Whole loans	$	128,108			$	128,108			$	—			$	130,445			$	13,617
B notes	—				—				—				—				—
Mezzanine loans	38,072				38,072				—				38,072				3,186
Bank loans	215				215				(86		)		—				—
Middle market loans	4,956				4,956				(2,512		)		—				—
Residential mortgage loans	2,641				2,641				—				2,641				21
Loans receivable - related party	—				—				—				—				—
	$	173,992			$	173,992			$	(2,598	)		$	171,158			$	16,824
	Recorded Balance				Unpaid Principal Balance				Specific Allowance				Average Investment in Impaired Loans				Interest Income Recognized
As of December 31, 2014:
Loans without a specific valuation allowance:
Whole loans	$	128,108			$	128,108			$	—			$	130,445			$	12,679
B notes	$	—			$	—			$	—			$	—			$	—
Mezzanine loans	$	38,072			$	38,072			$	—			$	38,072			$	2,859
Bank loans	$	—			$	—			$	—			$	—			$	—
Middle market loans	$	—			$	—			$	—			$	—			$	—
Residential mortgage loans	$	2,082			$	2,082			$	—			$	2,082			$	148
Loans receivable - related party	$	—			$	—			$	—			$	—			$	—
Loans with a specific valuation allowance:
Whole loans	$	—			$	—			$	—			$	—			$	—
B notes	$	—			$	—			$	—			$	—			$	—
Mezzanine loans	$	—			$	—			$	—			$	—			$	—
Bank loans	$	1,350			$	1,350			$	(570	)		$	—			$	—
Middle market loans	$	—			$	—			$	—			$	—			$	—
Residential mortgage loans	$	—			$	—			$	—			$	—			$	—
Loans receivable - related party	$	—			$	—			$	—			$	—			$	—
Total:
Whole loans	$	128,108			$	128,108			$	—			$	130,445			$	12,679
B notes	—				—				—				—				—
Mezzanine loans	38,072				38,072				—				38,072				2,859
Bank loans	1,350				1,350				(570		)		—				—
Middle market loans	—				—				—				—				—
Residential mortgage loans	2,082				2,082				—				2,082				148
Loans receivable - related party	—				—				—				—				—
	$	169,612			$	169,612			$	(570	)		$	170,599			$	15,686
Troubled- Debt Restructurings
The following tables show troubled-debt restructurings in RSO's loan portfolio (in thousands):
	Number of Loans			Pre-Modification Outstanding Recorded Balance				Post-Modification Outstanding Recorded Balance
Three Months Ended March 31, 2015:
Whole loans	2			$	67,459			$	67,459
B notes	—			—				—
Mezzanine loans	—			—				—
Bank loans	—			—				—
Middle market loans	—			—				—
Residential mortgage loans	—			—				—
Loans receivable - related party	—			—				—
Total loans	2			$	67,459			$	67,459
RSO had no troubled-debt restructurings during the three months ended March 31, 2014. As of March 31, 2015 and 2014, there were no commercial real estate loan troubled-debt restructurings that subsequently defaulted.
Business Combinations - RSO
On February 27, 2014, RSO made an additional capital contribution to LCF which gave RSO majority ownership of 50.2%. As a result, RSO began consolidating the LCF joint venture. The joint venture was established for the purpose of originating and acquiring life settlement contracts through a financing facility.
As of March 31, 2015, RSO engaged a third party expert to assist in determining the fair values of the assets and liabilities assumed on this investment. Based on the final valuation, which determined an enterprise value of LCF of approximately $4.1 million, and in accordance with FASB ASC Topic 805, RSO confirmed that no further adjustments are necessary
Intangible assets - RSO
For the three months ended March 31, 2015, RSO recorded amortization expense of $507,000. RSO expects to record amortization expense of on intangible assets of approximately, $2.0 million for the year ended December 31, 2015, $1.8 million for the years ended December 31, 2016, $1.8 million for the year ended 2017, $1.6 million December 31, 2018, and $1.0 million for the year ended December 31, 2019.  The weighted average amortization period was 6.4 years and 6.6 years at March 31, 2015 and December 31, 2014, respectively.
The following table summarizes intangible assets (in thousands).
	Asset Balance				Accumulated Amortization				Net Asset
As of March 31, 2015:
Investment in RCAM	$	21,213			$	(12,223	)		$	8,990
Investments in PCM:
Wholesale or correspondent relationships	600				(361		)		239
Total intangible assets	$	21,813			$	(12,584	)		$	9,229
As of December 31, 2014:
Investment in RCAM	$	21,213			$	(11,779	)		$	9,434
Investments in PCM:
Wholesale or correspondent relationships	600				(298		)		302
Total intangible assets	$	21,813			$	(12,077	)		$	9,736
For the three months ended March 31, 2015 and 2014, RSO recognized $965,000 and $1.7 million, respectively, of fee income related to the investment in RCAM.
Mortgage Servicing Rights
Through RSO's wholly-owned residential mortgage originator PCM, residential mortgage loans are sold through one of the following methods: (i) sales to or pursuant to programs sponsored by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation and Government National Mortgage Association, or (ii) sales to private investors. RSO may have continuing involvement in mortgage loans sold by retaining servicing rights and servicing obligations.
The total servicing portfolio consists of loans associated with capitalized mortgage servicing rights (“MSRs”) and loans held for sale.  The total servicing portfolio was $1.2 billion and $894.8 million as of March 31, 2015 and December 31, 2014, respectively.  MSRs recorded in RSO's consolidated balance sheets are related to the capitalized servicing portfolio and are created through the sale of originated loans.
The activity in the loan servicing portfolio associated with capitalized servicing rights consisted of (in thousands):
	March 31,				December 31,
	2015				2014
Balance, beginning of period	$	894,767			$	433,153
Additions	212,390				519,915
Payoffs, sales and curtailments	53,151				(58,301		)
Balance, end of period	$	1,160,308			$	894,767
The activity in capitalized MSRs is recorded in other assets and consists of the followings (in thousands):
	March 31,				December 31,
	2015				2014
Balance, beginning of period	$	9,374			$	4,885
Amortization	(825		)		(1,957		)
Additions	2,936				6,446
Sales	—				—
Balance, end of period	11,485				9,374
Temporary fair value adjustment	(1,050		)		—
Balance, end of period	$	10,435			$	9,374
RSO expects to recognize amortization related to its mortgage servicing rights portfolio in the amount of $2.0 million for the year ended December 31, 2015, $2.0 million for the years ended December 31, 2016, $1.8 million for the year ended December 31, 2017, $1.7 million December 31, 2018, and $1.1 million for the year ended December 31, 2019.  The weighted average amortization period was 1.3 years and 1.4 years at March 31, 2015 and December 31, 2014, respectively.
The value of MSRs is driven by the net positive, or in some cases net negative, cash flows associated with servicing activities.  These cash flows include contractually specified servicing fees, late fees and other ancillary servicing revenue and were recorded within fee income as follows (in thousands):
	For the Three Months Ended
	March 31,
	2015				2014
Servicing fees from capitalized portfolio	$	551			$	308
Late fees	$	23			$	22
Other ancillary servicing revenue	$	3			$	4
Borrowings - RSO
RSO historically has financed the acquisition of its investments, including investment securities and loans, through the use of secured and unsecured borrowings in the form of CDOs, CLOs securitized notes, repurchase agreements, secured term facilities, warehouse facilities, convertible senior notes, senior secured revolving credit agreements and trust preferred securities issuances.  Certain information with respect to RSO’s borrowings is summarized in the following table (in thousands, except percentages):
	Principal Outstanding				Unamortized Issuance Costs and Discounts				Outstanding Borrowings				Weighted Average Borrowing Rate		Weighted Average Remaining Maturity		Value of Collateral
As of March 31, 2015:
RREF CDO 2006-1 Senior Notes	$	52,957			$	—			$	52,957			2.31%		31.4 years		$	130,727
RREF CDO 2007-1 Senior Notes	131,780				63				131,717				1.14%		31.5 years		258,175
RCC CRE Notes 2013 Senior Notes	182,040				2,493				179,547				2.28%		13.7 years		205,386
RCC 2014-CRE2 Senior Notes	235,344				3,682				231,662				1.47%		17.1 years		349,063
RCC 2015-CRE3 Senior Notes	282,127				4,116				278,011				2.07%		17.0 years		339,654
Apidos CDO III Senior Notes	67,028				—				67,028				1.28%		5.5 years		78,957
Apidos Cinco CDO Senior Notes	229,716				72				229,644				0.87%		5.1 years		252,826
Moselle CLO S.A. Securitized Borrowings, at fair value (1)	120				—				120				N/A		N/A		537
Unsecured Junior Subordinated Debentures (2)	51,548				292				51,256				4.21%		21.6 years		—
6.0% Convertible Senior Notes	115,000				6,182				108,818				6.00%		3.7 years		—
8% Convertible Senior Notes	100,000				7,052				92,948				8.00%		4.8 years		—
CRE - Term Repurchase Facilities (3)	93,734				1,583				92,151				2.21%		18 days		135,951
CMBS - Term Repurchase Facility (4)	29,391				—				29,391				1.37%		18 days		35,977
Residential Investments - Term Repurchase Facility	104,547				125				104,422				2.43%		25 days		121,472
Residential Mortgage Financing Agreements	74,648				—				74,648				2.78%		130 days		95,479
CMBS - Short Term Repurchase Agreements (5)	67,785				—				67,785				1.63%		18 days		94,857
Senior Secured Revolving Credit Agreement	135,000				2,507				132,493				2.68%		2.5 years		292,453
Total	$	1,952,765			$	28,167			$	1,924,598			2.46%		10.8 years		$	2,391,514
	Principal Outstanding				Unamortized Issuance Costs and Discounts				Outstanding Borrowings				Weighted Average Borrowing Rate		Weighted Average Remaining Maturity		Value of Collateral
As of December 31, 2014:
RREF CDO 2006-1 Senior Notes	$	61,423			—				$	61,423			2.12%		31.6 years		$	139,242
RREF CDO 2007-1 Senior Notes	130,340				133				130,207				1.19%		31.8 years		271,423
RCC CRE Notes 2013 Senior Notes	226,840				2,683				224,157				2.11%		14.0 years		249,983
RCC 2014-CRE2 Senior Notes	235,344				3,687				231,657				1.45%		17.3 years		346,585
Apidos CDO III Senior Notes	74,646				—				74,646				1.18%		5.7 years		85,553
Apidos Cinco CDO Senior Notes	255,664				201				255,463				0.81%		5.4 years		272,512
Moselle CLO S.A. Senior Notes, at fair value (6)	63,321				—				63,321				1.49%		5.0 years		93,576
Moselle CLO S.A. Securitized Borrowings, at fair value (1)	5,619				—				5,619				1.49%		5.0 years		—
Unsecured Junior Subordinated Debentures (2)	51,548				343				51,205				4.19%		21.8 years		—
6.0% Convertible Senior Notes	115,000				6,626				108,374				6.00%		3.9 years		—
CRE - Term Repurchase Facilities (3)	207,640				1,958				205,682				2.43%		20 days		297,571
CMBS - Term Repurchase Facility (4)	24,967				—				24,967				1.35%		20 days		30,180
Residential Investments - Term Repurchase Facility (6)	22,248				36				22,212				1.16%		1 day		27,885
Residential Mortgage Financing Agreements (7)	102,576				—				102,576				2.78%		207 days		147,472
CMBS - Short Term Repurchase Agreements (5)	44,225				—				44,225				1.63%		17 days		62,446
Senior Secured Revolving Credit Agreement	113,500				2,363				111,137				2.66%		2.7 years		262,687
Total	$	1,734,901			$	18,030			$	1,716,871			2.09%		10.0 years		$	2,287,115
-1	The securitized borrowings were collateralized by the same assets as the Moselle CLO Senior Notes.
-2	Amount represents junior subordinated debentures issued to RCT I and RCT II in May 2006 and September 2006, respectively.
-3	Amounts also include accrued interest expense of $75,000 and $198,000 related to CRE repurchase facilities as of March 31, 2015 and December 31, 2014, respectively.
-4	Amounts also include accrued interest expense of $13,000 and $12,000 related to CMBS repurchase facilities as of March 31, 2015 and December 31, 2014, respectively. Amounts do not reflect CMBS repurchase agreement borrowings that are components of linked transactions as of December 31, 2014.
-5	Amounts also includes accrued interest expense of $39,000 and $31,000 related to CMBS short term repurchase facilities as of March 31, 2015 and December 31, 2014.
-6	The fair value option was elected for the borrowings associated with Moselle CLO. As such, the outstanding borrowings and principal outstanding amounts are stated at fair value. The unpaid principal amounts of these borrowings were $63.3 million at December 31, 2014
-7	Amounts also includes interest expense of $20,000 related to residential investment repurchase facilities as of December 31, 2014.
Securitizations
The following table sets forth certain information with respect to RSO's securitizations:
Securitization		Closing Date		Maturity Dates		Reinvestment		Total Note
						Period End		Paydowns as of March 31, 2015
								(in millions)
RREF CDO 2006-1 Senior Notes		Aug-06		Aug-46		Sep-11		$	194.2
RREF CDO 2007-1 Senior Notes		Jun-07		Sep-46		Jun-12		$	209.2
RCC CRE Notes 2013 Senior Notes		Dec-13		Dec-28		N/A		$	78.8
RCC 2014-CRE2 Senior Notes		Jul-14		Apr-32		N/A		$	—
RCC 2015-CRE3 Senior Notes		Feb-15		Mar-32		N/A		$	—
Apidos CDO III Senior Notes		May-06		Sep-20		Jun-12		$	195.5
Apidos Cinco CDO Senior Notes		May-07		May-20		May-14		$	92.3
Moselle CLO S.A. Securitized Borrowings		Oct-05		Jan-20		Jan-12		$	5
In November 2014, RSO called Moselle CLO S.A. substantially liquidating the securitization's assets. Proceeds from the sale of these assets, plus proceeds from previous sales and paydowns in the CLO were used to pay down $167.2 million of Senior Notes in full, and $5.0 million of the Securitized Borrowings as of March 31, 2015.
The investments held by RSO's securitizations collateralized the securitization's borrowings and, as a results, are not available to RSO, its creditors, or stockholders. All senior notes retained at closing or subsequently repurchased by RSO as of March 31, 2015, eliminate in RSO consolidation.
RCC 2015-CRE3
In February 2015, RSO closed RCC 2015-CRE3, a $346.2 million CRE securitization transaction that provided financing for transitional commercial real estate loans. RCC 2015-CRE3 issued a total of $282.1 million of senior notes at par to unrelated investors.  RCC Real Estate purchased 100% of the Class E and Class F senior notes for $20.8 million and $15.6 million, respectively.  In addition, Resource Real Estate Funding 2015-CRE3 Investor, LLC, a subsidiary of RCC Real Estate, purchased a $27.7 million equity interest representing 100% of the outstanding preference shares.  The senior notes purchased by RCC Real Estate are subordinated in right of payment to all other senior notes issued by RCC 2015-CRE3, but are senior in right of payment to the preference shares.  The equity interest is subordinated in right of payment to all other securities issued by RCC 2015-CRE3.
At closing, the senior notes issued to investors by RCC 2015-CRE3 consisted of the following classes: (i) $193.9 million of Class A notes bearing interest at one-month LIBOR plus 1.40%; (ii) $17.3 million of Class A-S notes bearing interest at one-month LIBOR plus 1.65%; (iii) $19.5 million of Class B notes bearing interest at one-month LIBOR plus 2.40%; (iv) $20.8 million of Class C notes bearing interest at one-month LIBOR plus 3.15%; (v) $30.7 million of Class D notes bearing interest at one-month LIBOR plus 4.00%; (vi) $20.8 million of Class E notes bearing interest at one-month LIBOR plus 4.75%; (vii) and $15.6 million of Class F notes bearing interest at one-month LIBOR plus 5.50%.  All of the notes issued mature in March 2032, although RSO has the right to call the notes anytime after March 2017 until maturity. There is no reinvestment period in RCC 2015-CRE3, although the indenture does not allow for principal repayments within a permitted funded companion participation acquisition period, ending in February 2017, to be designated as cash to purchase future funding participations of existing collateral held outside the securitization.
Moselle CLO S.A.
RSO exercised its right in to call the notes of Moselle CLO S.A. in November 2014, substantially liquidating the securitization's assets. Proceeds from the sale of these assets, plus proceeds from previous sales and paydowns in the CLO, were used to pay down the Senior Notes in full, and $5.0 million of the Securitized Borrowings as of March 31, 2015.
8% Convertible Senior Notes
In January 2015, RSO issued and sold in a public offering $100.0 million aggregate principal amount of its 8.0% Convertible Senior Notes due 2020, ("8.0% Convertible Senior Notes"). After deducting a $1.0 million underwriting discount and deferred issuance costs totaling $2.1 million, RSO received approximately $97.0 million of net proceeds. The discount and deferred issuance costs will be amortized on a straight-line basis as additional interest expense through maturity on January 15, 2020. Interest on the 8.0% Convertible Senior Notes is paid semi-annually.
The 8.0% Convertible Senior Notes are convertible at the option of the holder at a current conversion rate of 187.4414 common shares per $1,000 principal amount of 8.0% Convertible Senior Notes (equivalent to an initial conversion price of $5.34 per common share). Upon conversion of 8.0% Convertible Senior Notes by a holder, the holder will receive cash, our common shares or a combination of cash and our common shares, at RSO's election.
Repurchase and Credit Facilities
Borrowings under the repurchase agreements were guaranteed by RSO or one of its subsidiaries. The following table sets forth certain information with respect to RSO's borrowings (dollars in thousands):
	March 31, 2015												December 31, 2014
	Outstanding Borrowings				Value of Collateral				Number of Positions as Collateral		Weighted Average Interest Rate		Outstanding Borrowings				Value of Collateral				Number of Positions as Collateral		Weighted Average Interest Rate
CMBS Term Repurchase Facility
Wells Fargo Bank	$	29,391			$	35,977			34		1.37%		$	24,967			$	30,180			33		1.35%
CRE Term Repurchase Facilities
Wells Fargo Bank (1)	92,296				135,951				5		2.21%		179,762				258,223				15		2.38%
Deutsche Bank AG (2)	(145		)		—				—		—%		25,920				39,348				2		2.78%
Short-Term Repurchase Agreements - CMBS
Deutsche Bank Securities, LLC	53,249				70,928				8		1.62%		33,783				44,751				8		1.62%
Wells Fargo Securities, LLC	14,536				23,929				1		1.59%		10,442				17,695				1		1.66%
Residential Investment Term Repurchase Facility
Wells Fargo Bank (3)	104,422				121,472				146		2.43%		22,212				27,885				6		1.16%
Residential Mortgage Financing Agreements
New Century Bank	46,419				53,689				231		2.80%		41,387				51,961				158		2.82%
Wells Fargo Bank	28,229				41,790				78		2.75%		61,189				95,511				104		2.75%
Totals	$	368,397			$	483,736							$	399,662			$	565,554
-1	The Wells Fargo CRE term repurchase facility borrowing includes $1.4 million and $1.7 million of deferred debt issuance costs as of March 31, 2015 and December 31, 2014, respectively.
-2	The Deutsche Bank term repurchase facility includes $145,000 and $268,000 of deferred debt issuance costs as of March 31, 2015 and December 31, 2014, respectively.
-3	The Wells Fargo resident investments term repurchase facility includes $125,000 and $36,000 of deferred debt issuance costs as of March 31, 2015 and December 31, 2014, respectively.
As the result of an accounting standards update adopted on January 1, 2015, RSO unlinked its previously linked transactions and disclosed affected asset, liability, income and expense balances at their gross values in its consolidated financial statements. Accordingly, RSO had no repurchase agreements being accounted for as linked transactions as of March 31, 2015.
The assets in the following table were accounted for as linked transactions as of December 31, 2014 (in thousands). These linked repurchase agreements are not included in borrowings on RSO consolidated balance sheets.
		As of December 31, 2014
		Borrowings				Value of Collateral				Number		Weighted Average
		Under Linked				Under Linked				of Positions		Interest Rate
		Transactions (1)				Transactions				as Collateral		of Linked
										Under Linked		Transactions
										Transactions
CMBS Term
Repurchase Facility
Wells Fargo Bank		$	4,941			$	6,371			7		1.67%
Short-Term Repurchase
Agreements - CMBS
JP Morgan Securities, LLC		—				—				—		—%
Wells Fargo Securities, LLC		4,108				6,233				2		1.37%
Deutsche Bank Securities, LLC		24,348				36,001				10		1.57%
Totals		$	33,397			$	48,605
The following table shows information about the amount at risk under the repurchase facilities (dollars in thousands):
	Amount				Weighted Average Maturity in Days		Weighted Average Interest Rate
	at Risk (1)
As of March 31, 2014:
CMBS Term Repurchase Facility
Wells Fargo Bank, National Association	$	6,176			18		1.37%
RMBS Term Repurchase Facility
Wells Fargo Bank, National Association	$	16,804			25		2.43%
CRE Term Repurchase Facilities
Wells Fargo Bank, National Association	$	42,763			18		2.21%
Short-Term Repurchase Agreements - CMBS
Wells Fargo Securities, LLC	$	8,964			6		1.59%
Deutsche Bank Securities, LLC	$	17,452			21		1.62%
Residential Mortgage Financing Agreements
Wells Fargo Bank	$	13,561			93		2.75%
New Century Bank	$	7,270			152		2.80%
As of December 31, 2014:
CMBS Term Repurchase Facility
Wells Fargo Bank, National Association	$	6,486			20		1.35%
Residential Investment Term Repurchase Facility
Wells Fargo Bank, National Association	$	5,017			1		1.16%
CRE Term Repurchase Facilities
Wells Fargo Bank, National Association	$	76,148			20		2.38%
Deutsche Bank Securities, LLC	$	13,017			19		2.78%
Short-Term Repurchase Agreements - CMBS
Wells Fargo Securities, LLC	$	2,127			9		1.66%
Deutsche Bank Securities, LLC	$	11,810			20		1.62%
Residential Mortgage Financing Agreements
New Century Bank	$	853			242		2.82%
Wells Fargo Bank	$	6,902			183		2.75%
-1	Equal to the estimated fair value of securities or loans sold, plus accrued interest income, minus the sum of repurchase agreement liabilities plus accrued interest expense.
RSO is in compliance with all financial covenants as defined in the respective agreements as of March 31, 2015.
Residential Investments - Term Repurchase Facility
In June 2014, RSO's wholly-owned subsidiaries, RCC Resi Portfolio and RCC Resi TRS (the “Sellers”) entered into a master repurchase and securities contract (the “2014 Facility”) with Wells Fargo.  Under the 2014 Facility, from time to time the parties may enter into transactions in which the Sellers and Wells Fargo agree to transfer from the Sellers to Wells Fargo all of their right, title and interest to certain residential mortgage backed securities and other assets against the transfer of funds by Wells Fargo to the Sellers, with a simultaneous agreement by Wells Fargo to transfer back to the Sellers such assets at a date certain or on demand, against the transfer of funds from the Sellers to Wells Fargo.
In January 2015, the Sellers amended the agreement with Wells Fargo to classify trust certificates as assets eligible for sale and repurchase under the Facility. The maximum borrowing amounts of the 2014 Facility under the amended agreement are $110.0 million with respect to purchased residential mortgage backed securities, and $165.0 million with respect to trust certificates collateralized by jumbo mortgage loans. The 2014 Facility's maximum pricing margins are 1.45% plus 3.00% on residential mortgage backed securities and jumbo mortgage loans, respectively. The 2014 Facility has a current scheduled termination date of June 22, 2015, and RSO has a one year option to extend at its discretion.
Residential Mortgage Financing Agreements
PCM has a master repurchase agreement with New Century Bank d/b/a Customer's Bank ("New Century") and Wells Fargo Bank, NA ("Wells Fargo") to finance the acquisition of residential mortgage loans. At March 31, 2015, PCM received waivers from both New Century and Wells Fargo on a covenant that requires PCM to maintain a minimum liquidity of $7.5 million. The waivers removed the minimum liquidity requirement and all existing defaults for the period March 1, 2015 through April 30, 2015. PCM was in compliance with all other financial covenant requirements under the agreement as of March 31, 2015.
Senior Secured Revolving Credit Facility
Effective September 18, 2014, RSO, Northport LLC, closed a $110.0 million syndicated senior secured revolving credit facility with JP Morgan as the agent bank. The accordion feature of the facility was exercised in September 2014 to bring the facility capacity to $225.0 million and $15.0 million was secured through the addition of Customer's Bank to the syndicate, bringing the effective commitment to $125.0 million. In March 2015, ING Capital LLC agreed to a commitment increase of $15.0 million, bringing the effective commitment to $140.0 million as of March 31, 2015.
Related party transactions - RSO
On November 7, 2013, RSO, through a wholly-owned subsidiary, purchased all of the membership interests in Elevation Home Loans, LLC, a start-up residential mortgage company, from an employee of RSO for $830,000, paid in the form of 136,659 shares of restricted RSO common stock.  The restricted stock vests in full on November 7, 2016, and includes dividend equivalent rights.
Relationship with LEAF Commercial Capital. LEAF originated and managed equipment leases and notes on behalf of RSO. On March 5, 2010, RSO entered into agreements with Lease Equity Appreciation Fund II, L.P. (“LEAF II”) (an equipment leasing partnership sponsored by LEAF Financial and of which a LEAF Financial subsidiary is the general partner), pursuant to which RSO provided and funded an $8.0 million credit facility to LEAF II.  The credit facility initially had a one year term at 12% per year, payable quarterly, and was secured by all the assets of LEAF II, including its entire ownership in LEAF II Receivables Funding.  RSO received a 1% origination fee in connection with establishing the facility.  The facility originally matured on March 3, 2011 and was extended until September 3, 2011 with a 1% extension fee paid on the outstanding loan balance.  On June 3, 2011, RSO entered into an amendment to extend the maturity to February 15, 2012 and to decrease the interest rate from 12% to 10% per annum resulting in a troubled-debt restructuring under current accounting guidance.  On February 15, 2012, the credit facility was further amended to extend the maturity to February 15, 2013 with a 1% extension fee accrued and added to the amount outstanding.  On January 11, 2013, RSO entered into another amendment to extend the maturity to February 15, 2014 with an additional 1% extension fee accrued and added to the amount outstanding. On December 17, 2013, RSO entered into a further amendment to extend the maturity to February 15, 2015. At the end of 2014, RSO recorded a provision for loan loss on the $1.3 million before extinguishing the loan and bring direct financing leases in the amount of $2.1 million on RSO's books in lieu of the loan receivable. During the three months ended March 31, 2015, RSO recorded a partial recovery of $188,000. As of March 31, 2015, RSO held $2.0 million of direct financing leases.
On November 16, 2011, RSO, together with LEAF Financial and LEAF, entered into the SPA with Eos. RSO’s resulting interest is accounted for under the equity method.  For the three months ended March 31, 2015 and 2014, RSO recorded a gain of $52,000 and loss of $594,000, respectively, which was recorded in equity in net earnings (losses) of unconsolidated subsidiaries on the consolidated statement of income.  RSO’s investment in LEAF was $39.5 million and $39.5 million as of March 31, 2015 and December 31, 2014, respectively.
Relationship with CVC Credit Partners. On April 17, 2012, Apidos Capital Management (“ACM”), a former subsidiary of Resource America, was sold to CVC Credit Partners, LLC ("CVC Credit Partners"), a joint venture entity in which Resource America owns a 33% interest. CVC Credit Partners manages internally and externally originated bank loan assets on RSO’s behalf.  On February 24, 2011, a subsidiary of RSO purchased 100% of the ownership interests in Churchill Pacific Asset Management LLC ("CPAM") from Churchill Financial Holdings LLC for $22.5 million.  CPAM subsequently changed its name to RCAM. Through RCAM, RSO was initially entitled to collect senior, subordinated and incentive fees related to five CLOs holding approximately $1.9 billion in assets managed by RCAM.  RCAM is assisted by CVC Credit Partners in managing these CLOs.  CVC Credit Partners is entitled to 10% of all subordinated fees and 50% of the incentive fees received by RCAM.  For the three months ended March 31, 2015 and 2014, CVC Credit Partners earned subordinated fees of $237,000 and $370,000, respectively. In October 2012, RSO purchased 66.6% of the preferred equity in one of the RCAM CLOs. In May 2013, RSO purchased additional equity in this CLO, increasing its ownership to 68.3%. In September 2013, this CLO was called and the notes were paid down in full. Another RCAM-managed CLO also elected to redeem its outstanding notes in whole in February 2013.
In May, June and July 2013, RSO invested a total of $15.0 million into a limited partnership agreement with CVC Global Credit Opportunities Fund, L.P. which generally invests in assets through the Master Fund. The fund will pay the investment manager a quarterly management fee in advance calculated at the rate of 1.5% annually based on the balance of each limited partner's capital account. RSO's management fee was waived upon entering the agreement given that RSO is a related party of CVC Credit Partners. For the three months ended March 31, 2015 and 2014, RSO recorded earnings of $608,000 and $834,000, respectively, which was recorded in equity in net earnings (losses) of unconsolidated subsidiaries on RSO's consolidated statements of income. In March 2015, RSO elected to withdraw $5.0 million from the fund bringing RSO's investment balance to $13.8 million as of March 31, 2015 as compared to $18.2 million as of December 31, 2014. The investment is recorded as an investment in unconsolidated entities on RSO's consolidated balance sheets using the equity method.
Relationship with Ledgewood.  Until 1996, Edward E. Cohen, a director who was RSO’s Chairman from its inception until November 2009, was of counsel to Ledgewood, P.C., a law firm.  In addition, one of RSO’s executive officers, Jeffrey F. Brotman, was employed by Ledgewood until 2007.  Mr. E. Cohen receives certain debt service payments from Ledgewood related to the termination of his affiliation with Ledgewood and its redemption of his interest in the firm.  Mr. Brotman also receives certain debt service payments from Ledgewood related to the termination of his affiliation with the firm.  For the three months ended March 31, 2015 and 2014, RSO paid Ledgewood $274,000 and $38,000, respectively, in connection with legal services rendered to RSO.
Fair value of financial instruments
The following table presents information about RSO’s assets and liabilities measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques utilized by RSO to determine such fair value as follows (in thousands):
	Level 1				Level 2				Level 3				Total
As of March 31, 2015
Assets:
Investment securities, trading	$	—			$	—			$	29,770			$	29,770
Investment securities available-for-sale	—				32,567				251,503				284,070
Derivatives (net)	7,015				384				6,636				14,035
Total assets at fair value	$	7,015			$	32,951			$	287,909			$	327,875
Liabilities:
Derivatives (net)	$	—			$	1,319			$	7,541			$	8,860
Total liabilities at fair value	$	—			$	1,319			$	7,541			$	8,860
As of December 31, 2014
Assets:
Investment securities, trading	$	—			$	—			$	20,786			$	20,786
Investment securities available-for-sale	—				33,158				242,562				275,720
CMBS - linked transactions	—				—				15,367				15,367
Derivatives (net)	3,429				7				1,868				5,304
Total assets at fair value	$	3,429			$	33,165			$	280,583			$	317,177
Liabilities:
Moselle CLO Notes	$	—			$	—			$	68,940			$	68,940
Derivatives (net)	$	—			$	—			$	8,476			$	8,476
Total liabilities at fair value	$	—			$	—			$	77,416			$	77,416
Additionally, as of March 31, 2015, RSO had $174.4 million in residential mortgage loans, held for sale for which it has elected the fair value option. RSO's residential mortgage loan portfolio was comprised of both agency loans and non-agency jumbo loans. The fair values of RSO's agency loan portfolio is generally classified as Level 2 in the fair value hierarchy as those values are determined based on quoted market prices or upon other observable inputs. The fair values of RSO's jumbo loan portfolio is generally classified as Level 3 in the fair value hierarchy as those values are generally based upon valuation techniques that utilize unobservable inputs that reflect the assumptions that a market participant would use in pricing those assets. As of March 31, 2015, $61.4 million of residential mortgage loans, held for sale was classified as Level 2 and $113.0 million was classified as Level 3 in the fair value hierarchy.
As of March 31, 2015, except for a note balance of $120,000, Moselle CLO paid off all of RSO's outstanding CLO notes.
The following table presents additional information about assets which are measured at fair value on a recurring basis for which RSO has utilized Level 3 inputs (in thousands):
	CMBS Including Linked Transactions				ABS				Structured Finance Securities				Warrant				Interest Rate Lock Commitments				Total
Beginning balance, January 1, 2015	$	185,772			$	72,157			$	20,786			$	898			$	970			$	280,583
Included in earnings	—				1,255				1,331				(39		)		11,823				14,370
Unlined transactions	33,239				—				—				—				—				33,239
Purchases	4,000				—				13,337				—				—				17,337
Sales	—				—				(5,230		)		—				—				(5,230		)
Paydowns	(30,983		)		(720		)		(454		)		—				—				(32,157		)
Issuances	—				—				—				—				—				—
Settlements	—				(11,216		)		—				—				(10,032		)		(21,248		)
Included in OCI	1,740				(4,597		)		—				—				—				(2,857		)
Transfers into Level 3	—				856				—				—				—				856
Ending balance, March 31, 2015	$	193,768			$	57,735			$	29,770			$	859			$	2,761			$	284,893
The following table presents additional information about liabilities that are measured at fair value on a recurring basis for which RSO has utilized Level 3 inputs (in thousands):
	Interest rate swaps
Beginning balance, January 1, 2015	$	8,680
Unrealized gains - included in accumulated other comprehensive income	(1,142		)
Included in earnings	—
Ending balance, March 31, 2015	$	7,538
The following table summarizes the financial assets and liabilities measured at fair value on a nonrecurring basis and indicates the fair value hierarchy of the valuation techniques utilized by RSO to determine such fair value as follows (in thousands):
	Level 1				Level 2				Level 3				Total
As of March 31, 2015:
Assets:
Loans held for sale	$	—			$	73,892			$	—			$	73,892
Impaired loans	—				2,445				—				2,445
Total assets at fair value	$	—			$	76,337			$	—			$	76,337
As of December 31, 2014:
Assets:
Loans held for sale	$	—			$	36,956			$	—			$	36,956
Impaired loans	—				1,678				137,811				139,489
Total assets at fair value	$	—			$	38,634			$	137,811			$	176,445
Loans held for sale consist of bank loans and CRE loans identified for sale due to credit concerns.  Interest on loans held for sale is recognized according to the contractual terms of the loan and included in interest income on loans.  The fair value of bank loans held for sale and impaired bank loans is based on what secondary markets are currently offering for these loans.  As such, RSO classifies these loans as nonrecurring Level 2.  For RSO’s CRE loans where there is no primary market, fair value is measured using discounted cash flow analysis and other valuation techniques and these loans are classified as nonrecurring Level 3. The amounts of nonrecurring fair value losses for specifically impaired loans for the three months ended March 31, 2015 and 2014 were $2.5 million and $440,000, respectively. The amounts of nonrecurring fair value losses for loans held for sale for the three months ended March 31, 2015 and 2014 was $721,000 and $0, respectively.
In accordance with FASB ASC Topic 820-10-50-2-bbb, RSO is not required to disclose quantitative information with respect to unobservable inputs contained in fair value measurements that are not developed by RSO. As such, RSO has not disclosed such information associated with fair values obtained from third-party pricing sources.
For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of March 31, 2015, the significant unobservable inputs used in the fair value measurements were as follows (in thousands):
	Fair Value at				Valuation Technique		Significant		Significant
	31-Mar-15						Unobservable Inputs		Unobservable
									Input Value
Interest rate swap agreements	$	7,538			Discounted cash flow		Weighted average credit spreads		4.78	%
Additionally, as of March 31, 2015, RSO also classified the valuation of its warrant derivative in Level 3 of the fair value hierarchy. The value of the warrant was determined using a Black-Scholes model using the following significant unobservable inputs: market capitalization of $112.5 million and volatility of 50.0%.
RSO is required to disclose the fair value of financial instruments for which it is practicable to estimate that value.  The fair value of short-term financial instruments such as cash and cash equivalents, restricted cash, principal paydown receivable, interest receivable, distribution payable and accrued interest expense approximates their carrying value on the consolidated balance sheets.
Loans held-for-investment:  The fair value of RSO’s Level 2 Loans held-for-investment are primarily measured using a third-party pricing service.  The fair value of RSO’s Level 3 Loans held-for-investment are measured by discounting the expected future cash flows using the current interest rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities.
Loans receivable-related party are estimated by discounting the expected future cash flows using the current interest rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities.
CDO notes are valued using the dealer quotes, typically the dealer who underwrote the CDO in which the notes are held. Moselle CLO is valued using a third-party pricing specialist.
Junior subordinated notes are estimated by obtaining quoted prices for similar assets in active markets.
The fair values of RSO’s remaining financial instruments that are not reported at fair value on their consolidated balance sheets are reported in the following table (in thousands):
					Fair Value Measurements
	Carrying Amount				Fair Value				Quoted Prices in Active Markets for Identical Assets of Liabilities (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
As of March 31, 2015:
Loans held-for-investment	$	1,960,250			$	1,951,974			$	—			$	515,227			$	1,436,747
Loans receivable-related party	$	1,229			$	1,229			$	—			$	—			$	1,229
CDO notes	$	1,770,686			$	1,098,171			$	—			$	—			$	1,098,171
Junior subordinated notes	$	51,256			$	17,750			$	—			$	—			$	17,750
Repurchase agreements	$	368,397			$	368,397			$	—			$	—			$	368,397
Senior secured revolving credit agreement	$	132,493			$	132,493			$	—			$	—			$	132,493
As of December 31, 2014:
Loans held-for-investment	$	1,925,980			$	1,909,019			$	—			$	570,071			$	1,338,948
Loans receivable-related party	$	1,277			$	1,277			$	—			$	—			$	1,277
CDO notes	$	1,046,493			$	975,762			$	—			$	—			$	975,762
Junior subordinated notes	$	51,205			$	17,699			$	—			$	—			$	17,699
Repurchase agreements	$	399,662			$	399,662			$	—			$	—			$	399,662
Senior secured revolving credit agreement	$	111,137			$	111,137			$	—			$	—			$	111,137
RAI - Other VIEs
VIEs not consolidated
The Company’s investments in the structured finance entities that hold investments in trust preferred assets (the “Trapeza entities”) and asset-backed securities (the "Ischus entities”), and RREGPS were all determined to be VIEs that the Company does not consolidate as it does not have the obligation of, or right to, losses or earnings that would be significant to those entities.  The Company has not provided financial or other support to these VIEs and has no liabilities, contingent liabilities, or guarantees (implicit or explicit) related to these VIEs at March 31, 2015.
The following table presents the carrying amounts of the assets in the Company's consolidated balance sheets that relate to the Company's variable interests in identified nonconsolidated VIEs and the Company's maximum exposure to loss associated with these VIEs in which it holds variable interests at March 31, 2015 (in thousands):
	Receivables from Managed Entities and Related Parties, Net (1)				Investments				Maximum Exposure to Loss in
									Non-consolidated VIEs
Ischus entities	$	158			$	—			$	158
Trapeza entities	—				714				714
RREGPS	—				716				716
	$	158			$	1,430			$	1,588
-1	Exclusive of expense reimbursements due to the Company.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 20 - SUBSEQUENT EVENTS
	The Company has evaluated subsequent events through the filing of this form and determined that there have not been any events that have occurred that would require adjustments to or disclosures in the consolidated financial statements, except the following:
	On April 1, 2015, Northport TRS LLC entered into an amendment to its Senior Secured Revolving Credit Agreement with JP Morgan Chase Bank. Under the amendment the maximum amount of the commitments outstanding has increased from $225.0 million to $300.0 million. The commitment termination date and maturity date have been extended from September 18, 2017 to March 31, 2018 and September 18, 2018 to March 31, 2019 respectively. In addition, the applicable margin has increased for both LIBOR and Alternate Base Rate ("ABR") borrowings. The LIBOR margin has increase from 2.50% to 2.75% and the ABR margin has increased from 1.50% to 1.75%.
	On April 10, 2015, RSO entered into two first mortgage bridge loans in the amount of $2.5 million and $3.3 million with two of the Company's real estate investment partnerships. Each loan carries a rate of LIBOR plus 5.75% with a LIBOR floor of 0.25%. The loans mature on May 5, 2016, with two consecutive one-year options to extend upon the first maturity date. One of the loans in the amount of $2.5 million was repaid on April 29, 2015.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation
	The consolidated financial statements reflect the Company's accounts and the accounts of the Company's majority-owned and/or controlled subsidiaries. The Company follows the provisions of Accounting Standards Codification (“ASC”) Topic 810, “Consolidation,” and accordingly consolidates entities that are variable interest entities (“VIEs”) where it has determined that it is the primary beneficiary of such entities. Once it is determined that the Company holds a variable interest in a VIE, management must perform a qualitative analysis to determine (i) if the Company has the power to direct the matters that most significantly impact the VIE's financial performance; and (ii) if the Company has the obligation to absorb the losses of the VIE that could potentially be significant to the VIE or the right to receive the benefits of the VIE that could potentially be significant to the VIE. If the Company's interest possesses both of these characteristics, the Company is deemed to be the primary beneficiary and would be required to consolidate the VIE. The Company continually assesses its involvement with VIEs and re-evaluates the requirement to consolidate them. The portions of these entities that the Company does not own are presented as noncontrolling interests as of the dates and for the periods presented in the consolidated financial statements.
	All intercompany transactions and balances have been eliminated in the Company's consolidated financial statements.
Use of Estimates	Use of Estimates
	Preparation of the Company's consolidated financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and costs and expenses during the reporting period. The Company makes estimates of its allowance for credit losses, the valuation allowance against its deferred tax assets, discounts and collectability of management fees, the valuation of stock-based compensation, and in determining whether a decrease in the fair value of an investment is an other-than-temporary impairment. The real estate and financial fund management segments make assumptions in determining the fair value of investments in investment securities. Actual results could differ from these estimates.
Financing Receivables - Receivables from Managed Entities	Financing Receivables - Receivables from Managed Entities
	The Company performs a review of the collectability of its receivables from managed entities on a quarterly basis.  If upon review there is an indication of impairment, the Company will analyze the future cash flows of the managed entity.  With respect to the receivables from its commercial finance investment partnerships, this takes into consideration several assumptions by management, primarily concerning estimates of future bad debts and recoveries.  For receivables from the real estate investment entities, the Company estimates the cash flows through the sale of the underlying properties based on projected net operating income as a multiple of published capitalization rates, as reduced by the underlying mortgage balances and priority distributions due to the investors.
Investment Securities	Investment Securities
	The Company’s investment securities available-for-sale, including investments in the CLO issuers it sponsored, are carried at fair value.  The fair value of the CLO investments is based primarily on internally-generated expected cash flow models that require significant management judgment and estimates due to the lack of market activity and the use of unobservable pricing inputs.  The Company's investments in the common stock of The Bancorp, Inc. (NASDAQ: TBBK) and in Resource Real Estate Diversified Income Fund ("DIF") (NASDAQ: RREDX), both of which are affiliated entities, are valued at the closing prices of the respective publicly-traded stocks.  The Company's investment in Resource Real Estate Global Property Securities ("RREGPS"), a Company-sponsored and managed Australian investment fund which is structured as a unit trust, is valued at net asset value. The cumulative net unrealized gains (losses) on these investment securities, net of tax, is reported through accumulated other comprehensive income (loss).  Realized gains (and losses) on the sale of investments are determined on the trade date on the basis of specific identification and are included in net operating results. Securities that are held principally for resale in the near term are recorded as trading securities at fair value with changes in fair value recorded in earnings.
Recent Accounting Standards	Recent Accounting Standards
	Newly-Adopted Accounting Principle
	The Company’s adoption of the following standard during the three months ended March 31, 2015 did not have a material impact on its consolidated financial position, results of operations or cash flows:
	In April 2014, the Financial Accounting Standards Board ("FASB") issued authoritative guidance to change the criteria for reporting discontinued operations. Under the new guidance, only disposals representing a strategic shift in a company's operations and financial results should be reported as discontinued operations, with expanded disclosures. In addition, disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify as a discontinued operation is required. This guidance was effective for the Company as of January 1, 2015.
	Accounting Standards Issued But Not Yet Effective
	In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, which will replace most of the existing revenue recognition guidance in GAAP.  The core principle of the ASU is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services.  The ASU requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. The ASU will be effective for the Company beginning January 1, 2017, including interim periods in 2017, and allows for both retrospective and prospective methods of adoption. On April 1, 2015, the FASB proposed a one year delay in the effective date of the new revenue standard, which would make the new guidance effective for the Company as of the beginning of the 2018 fiscal year. The Company is in the process of determining the method of adoption and assessing the impact of this ASU on its consolidated financial statements.
	In June 2014, the FASB issued ASU No. 2014-12, Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide that a Performance Target Could be Achieved after the Requisite Service Period. ASU 2014-12 requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The Company is currently evaluating the impact of the new guidance on its financial statements and has not yet selected a transition approach to implement the standard.
	In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. Under the new guidance, an entity should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. The guidance is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The adoption of the new requirements is not expected to have a material impact on the Company's consolidated balance sheet, statement of operations, or statement of cash flows.
	In January 2015, the FASB issued ASU No. 2015-01, Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items, which eliminates from GAAP the concept of an extraordinary item. As a result, an entity will no longer be required to segregate extraordinary items from the results of ordinary operations, to separately present an extraordinary item on its income statement, net of tax, after income from continuing operations or to disclose income taxes and earnings per share data applicable to an extraordinary item. However, presentation and disclosure guidance for items that are unusual in nature and occur infrequently will be retained. Adoption of this ASU will be required on a prospective or retrospective basis beginning with the quarter ending March 31, 2016 and is not expected to have a material impact on the Company's consolidated financial statements.
	In February 2015, the FASB issued ASU No. 2015-02, Consolidation—Amendments to the Consolidation Analysis (Topic 810). The guidance requires an entity to evaluate whether it should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: (1) modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities; (2) eliminate the presumption that a general partner should consolidate a limited partnership; (3) affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (4) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. This guidance is effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early application is permitted. The Company is currently evaluating the potential impact of this standard on its consolidated financial statements, as well as the available transition methods.
	In April 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. The update requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. Debt disclosures will include the face amount of the debt liability and the effective interest rate. The update requires retrospective application and represents a change in accounting principle. The update is effective for the Company beginning January 1, 2016. Early adoption is permitted for financial statements that have not been previously issued. ASU 2015-03 is not expected to have a material impact on the Company’s consolidated financial statements.
Variable Interest Entity [Line Items]
Reclassifications	Reclassifications
	Certain reclassifications have been made to the 2014 consolidated financial statements to conform to the 2015 presentation.
RSO [Member]
Variable Interest Entity [Line Items]
Reclassifications	Reclassifications
	Certain reclassifications have been made to RSO's 2014 consolidated financial statements to conform to the 2015 presentation.

CONSOLIDATING_FINANCIAL_INFORM1

CONSOLIDATING FINANCIAL INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidating balance sheet	The following table presents the consolidating balance sheet as of March 31, 2015 (in thousands):
		RAI			RSO			Eliminations			Consolidated
	ASSETS
	Cash and cash equivalents	$	24,909		$	—		$	—		$	24,909
	Restricted cash	798			—			—			798
	Receivables	868			—			(154		)	714
	Receivables from managed entities and related parties, net	29,317			—			(2,530		)	26,787
	Investments in real estate, net	16,833			—			—			16,833
	Investment securities, at fair value	22,777			—			(12,992		)	9,785
	Investments in unconsolidated loan manager	40,292			—			—			40,292
	Investments in unconsolidated entities	20,668			—			(7,563		)	13,105
	Assets of consolidated VIE-RSO:
	Cash and cash equivalents (including restricted cash)	—			244,129			—			244,129
	Investments, at fair value	—			313,840			—			313,840
	Loans	—			2,209,733			(558		)	2,209,175
	Investments in real estate and unconsolidated entities	—			55,668			—			55,668
	Other assets-RSO	—			109,836			(2		)	109,834
	Total assets of consolidated VIE-RSO	—			2,933,206			(560		)	2,932,646
	Property and equipment, net	5,739			—			—			5,739
	Deferred tax assets, net	32,177			—			(10,162		)	22,015
	Other assets	8,684			—			—			8,684
	Total assets	$	203,062		$	2,933,206		$	(33,961	)	$	3,102,307
	LIABILITIES AND EQUITY
	Liabilities:
	Accrued expenses and other liabilities	$	21,631		$	—		$	—		$	21,631
	Payables to managed entities and related parties	2,167			—			(2		)	2,165
	Borrowings	21,732			—			(558		)	21,174
	Liabilities of consolidated VIE-RSO:
	Borrowings	—			1,924,598			334			1,924,932
	Other liabilities	—			59,891			(2,684		)	57,207
	Total liabilities of consolidated VIE-RSO	—			1,984,489			(2,350		)	1,982,139
	Total liabilities	45,530			1,984,489			(2,910		)	2,027,109
	Commitments and contingencies
	Equity:
	Preferred stock	—			—			—			—
	Common stock	338			—			—			338
	Additional paid-in capital	308,877			—			—			308,877
	Accumulated deficit	(17,211		)	—			(7,421		)	(24,632		)
	Treasury stock, at cost	(122,305		)	—			—			(122,305		)
	Accumulated other comprehensive loss	(12,480		)	—			11,341			(1,139		)
	Total stockholders’ equity	157,219			—			3,920			161,139
	Noncontrolling interests	313			—			—			313
	Noncontrolling interests attributable to consolidated VIE-RSO	—			948,717			(34,971		)	913,746
	Total equity	157,532			948,717			(31,051		)	1,075,198
	Total liabilities and equity	$	203,062		$	2,933,206		$	(33,961	)	$	3,102,307
Consolidating statements of operations	The following table presents the consolidating statement of operations for the three months ended March 31, 2015 (in thousands):
		RAI			RSO			Eliminations			Consolidated
	REVENUES:
	Real estate	$	16,966		$	—		$	—		$	16,966
	Financial fund management	5,137			—			—			5,137
	Commercial finance	(2		)	—			—			(2		)
		22,101			—			—			22,101
	Revenues from consolidated VIE-RSO	—			24,361			—			24,361
	Elimination of consolidated VIE-RSO revenues attributed to operating segments	—			—			(4,273		)	(4,273		)
	Total revenues	22,101			24,361			(4,273		)	42,189
	COSTS AND EXPENSES:
	Real estate	11,499			—			—			11,499
	Financial fund management	2,990			—			—			2,990
	Commercial finance	579			—			—			579
	General and administrative	3,297			—			—			3,297
	Provision for credit losses	402			—			—			402
	Depreciation and amortization	457			—			—			457
		19,224			—			—			19,224
	Expenses of consolidated VIE-RSO	—			21,060			—			21,060
	Elimination of consolidated VIE-RSO expenses attributed to operating segments	—			—			(3,368		)	(3,368		)
	Total expenses	19,224			21,060			(3,368		)	36,916
	OPERATING INCOME	2,877			3,301			(905		)	5,273
	OTHER INCOME (EXPENSE):
	Interest expense	(421		)	—			—			(421		)
	Other income, net	314			—			(478		)	(164		)
	Other income, net, from consolidated VIE-RSO	—			16,516			—			16,516
	Elimination of consolidated VIE-RSO other income, net	—			—			11			11
		(107		)	16,516			(467		)	15,942
	Income from continuing operations before taxes	2,770			19,817			(1,372		)	21,215
	Income tax provision	1,244			1,847			—			3,091
	Net income	1,526			17,970			(1,372		)	18,124
	Net loss attributable to noncontrolling interests	8			—			—			8
	Net income attributable to noncontrolling interests-RSO	—			(8,568		)	(9,227		)	(17,795		)
	Net income attributable to common shareholders	$	1,534		$	9,402		$	(10,599	)	$	337
	.    The following table presents the consolidating statement of operations for the three months ended March 31, 2014 (in thousands):
		RAI			RSO			Eliminations			Consolidated
	REVENUES:
	Real estate	$	13,275		$	—		$	—		$	13,275
	Financial fund management	7,075			—			—			7,075
	Commercial finance	(99		)	—			—			(99		)
		20,251			—			—			20,251
	Revenues from consolidated VIE-RSO	—			25,245			—			25,245
	Elimination of consolidated VIE-RSO revenues attributed to operating segments	—			—			(2,880		)	(2,880		)
	Total revenues	20,251			25,245			(2,880		)	42,616
	COSTS AND EXPENSES:
	Real estate	8,875			—			—			8,875
	Financial fund management	4,389			—			—			4,389
	Commercial finance	103			—			—			103
	General and administrative	3,154			—			—			3,154
	Provision for credit losses	1,208			—			—			1,208
	Depreciation and amortization	451			—			—			451
		18,180			—			—			18,180
	Expenses of consolidated VIE-RSO	—			11,285						11,285
	Elimination of consolidated VIE-RSO expenses attributed to operating segments	—			—			(2,819		)	(2,819		)
	Total expenses	18,180			11,285			(2,819		)	26,646
	OPERATING INCOME	2,071			13,960			(61		)	15,970
	OTHER INCOME (EXPENSE):
	Interest expense	(483		)	—			—			(483		)
	Other income, net	737			—			(572		)	165
	Other income, net, from consolidated VIE-RSO	—			3,516			—			3,516
	Elimination of consolidated VIE-RSO other income, net	—			—			18			18
		254			3,516			(554		)	3,216
	Income from continuing operations before taxes	2,325			17,476			(615		)	19,186
	Income tax provision	1,069			16			—			1,085
Net income	1,256			17,460			(615		)	18,101
Net loss attributable to noncontrolling interests	40			—			—			40
Net income attributable to noncontrolling interests-RSO	—			(2,344		)	(14,807		)	(17,151		)
Net income attributable to common shareholders	$	1,296		$	15,116		$	(15,422	)	$	990
Consolidating statements of cash flows	The following table presents the consolidating statement of cash flows for the three months ended March 31, 2015 (in thousands):
		RAI			RSO			Eliminations			Consolidated
	CASH FLOWS FROM OPERATING ACTIVITIES:
	Net income	$	1,526		$	17,970		$	(1,372	)	$	18,124
	Adjustments to reconcile net income to net cash
	provided by (used in) operating activities:
	Depreciation and amortization	475			—			—			475
	Provision for credit losses	402			—			—			402
	Unrealized gain on trading securities	(20		)	—			—			(20		)
	Equity in earnings of unconsolidated entities	(2,665		)	—			821			(1,844		)
	Distributions from unconsolidated entities	2,151			—			—			2,151
	Loss on sale of investment securities, net	15			—			—			15
	Deferred income tax provision	1,339			—			—			1,339
	Equity-based compensation issued	744			—			—			744
	Changes in operating assets and liabilities	(1,532		)	—			—			(1,532		)
	Adjustments to reconcile net income and operating cash flows to net income of consolidated VIE-RSO	—			(145,688		)	(27		)	(145,715		)
	Net cash provided by (used in) operating activities	2,435			(127,718		)	(578		)	(125,861		)
	CASH FLOWS FROM INVESTING ACTIVITIES:
	Capital expenditures	(997		)	—			—			(997		)
	Principal payments on leases and loans	3			—			—			3
	Investments in real estate and unconsolidated real estate entities	(21		)	—			—			(21		)
	Purchase of loans and securities by consolidated VIE-RSO	—			(211,983		)	—			(211,983		)
	Principal payments and proceeds from sales of loans and securities by consolidated VIE-RSO	—			153,189			—			153,189
	Purchase of loans and investments	(1,321		)	—			—			(1,321		)
	Decrease in restricted cash of consolidated VIE-RSO	—			33,230			—			33,230
	Other investing activity of consolidated VIE-RSO	—			3,317			—			3,317
	Net cash used in investing activities	(2,336		)	(22,247		)	—			(24,583		)
	CASH FLOWS FROM FINANCING ACTIVITIES:
	Increase in borrowings	881			—			—			881
	Principal payments on borrowings	(120		)	—			—			(120		)
	Net borrowings by consolidated VIE-RSO	—			184,202			—			184,202
	Dividends paid	(1,312		)	—			—			(1,312		)
	Dividends paid on common stock by consolidated VIE-RSO	—			(26,563		)	478			(26,085		)
	Proceeds from issuance of common stock	1			—			—			1
	Net proceeds from issuance of common stock by consolidated VIE-RSO	—			3,103			—			3,103
	Repurchases of common stock	(2,108		)	—			—			(2,108		)
	Increase in restricted cash	(74		)	—			—			(74		)
	Other financing activity of consolidated VIE - RSO	—			(10,777		)	100			(10,677		)
	Net cash (used in) provided by financing activities	(2,732		)	149,965			578			147,811
	Decrease in cash	(2,633		)	—			—			(2,633		)
	Cash, beginning of year	27,542			—			—			27,542
	Cash, end of period	$	24,909		$	—		$	—		$	24,909

SUPPLEMENTAL_CASH_FLOW_INFORMA1

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2015
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Supplemental disclosure of cash flow information for the Company is as follows (in thousands, per share data):
		Three Months Ended
		March 31,
		2015			2014
	Cash (paid) received:
	Interest	$	(399	)	$	(409	)
	Income tax payments	(65		)	(176		)
	Refund of income taxes	44			47
	Dividends declared per common share	$	0.06		$	0.05
	Non-cash activities:
	Repurchase of common stock from employees in exchange for the payment of income taxes	$	165		$	207
	Issuance of treasury stock for the Company's investment savings 401(k) plan	150			178

FINANCING_RECEIVABLES_Tables

FINANCING RECEIVABLES (Tables)	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Aging of the Company's Past Due Financing Receivables, Gross of Allowances for Credit Losses	The following table is the aging of the Company’s financing receivables (presented gross of allowance for credit losses) as of March 31, 2015 (in thousands):
		Current			30-89 Days			90-180 Days			Greater than			Total		Total
					Past Due			Past Due			181 Days			Past Due
	Loans and receivables from managed
	entities and related parties: (1)
	Commercial finance	$	6		$	344		$	1,131		$	18,503		$	19,978	$	19,984
	investment entities
	Real estate investment entities	3,845			1,380			384			14,831			16,595		20,440
	Financial fund management entities	981			57			31			24			112		1,093
	Other	2,629			—			—			—			—		2,629
		7,461			1,781			1,546			33,358			36,685		44,146
	Rent receivables - real estate	98			20			—			—			20		118
	Total financing receivables	$	7,559		$	1,801		$	1,546		$	33,358		$	36,705	$	44,264
	-1	Receivables are presented gross of an allowance for credit losses of $17.2 million related to the Company’s commercial finance investment entities and $113,000 related to one of its real estate investment partnerships.  The remaining receivables from managed entities and related parties have no related allowance for credit losses.
	The following table is the aging of the Company’s financing receivables (presented gross of allowance for credit losses) as of December 31, 2014 (in thousands):
		Current			30-89 Days			90-180 Days			Greater than			Total		Total
					Past Due			Past Due			181 Days			Past Due
	Loans and receivables from
	managed entities and
	related parties: (1)
	Commercial finance	$	9		$	342		$	1,124		$	18,398		$	19,864	$	19,873
	investment entities
	Real estate investment entities	6,613			772			1,214			15,134			17,120		23,733
	Financial fund management entities	583			74			—			6			80		663
	Other	3,024			—			—			—			—		3,024
		10,229			1,188			2,338			33,538			37,064		47,293
	Rent receivables - real estate	76			11			1			—			12		88
	Total financing receivables	$	10,305		$	1,199		$	2,339		$	33,538		$	37,076	$	47,381
	-1	Receivables are presented gross of an allowance for credit losses of $17.0 million related to one of the Company’s commercial finance investment entities.  The remaining receivables from managed entities and related parties have no related allowance for credit losses.
Summary of Activity in the Allowance for Credit Losses for the Company's Financing Receivables	The following table summarizes the activity in the allowance for credit losses for all financing receivables (in thousands):
		Receivables			Leases and			Rent			Total
		from Managed			Loans			Receivables
		Entities
	Three Months Ended March 31, 2015:
	Balance, beginning of period	$	16,990		$	—		$	—		$	16,990
	Provision for credit losses	369			32			1			402
	Charge-offs	—			(32		)	—			(32		)
	Recoveries	—			—			—			—
	Balance, end of period	$	17,359		$	—		$	1		$	17,360
	Ending balance, individually evaluated for impairment	$	17,359		—			$	1		$	17,360
	Ending balance, collectively evaluated for impairment	0			—			—			—
	Balance, end of year	$	17,359		$	—		$	1		$	17,360
	Three Months Ended March 31, 2014:
	Balance, beginning of period	$	36,229		$	—		$	14		$	36,243
	Provision for (reversal of) credit losses	1,213			(1		)	(4		)	1,208
	Charge-offs	(1		)	—			—			(1		)
	Recoveries	—			1			—			1
	Balance, end of period	$	37,441		$	—		$	10		$	37,451
	Ending balance, individually evaluated for impairment	$	37,441		$	—		$	—		$	37,441
	Ending balance, collectively evaluated for impairment	—			—			10			10
	Balance, end of period	$	37,441		$	—		$	10		$	37,451
Gross Financing Receivables Related to the Balance in the Allowance for Credit Losses	The Company’s financing receivables (presented exclusive of any allowance for credit losses) relate to the balance in the allowance for credit losses, as follows (in thousands):
	As of March 31, 2015	Receivables from			Rent			Total
		Managed Entities			Receivables
	Ending balance, individually evaluated for impairment	$	44,146		$	—		$	44,146
	Ending balance, collectively evaluated for impairment	—			118			118
	Balance, end of period	$	44,146		$	118		$	44,264
	As of December 31, 2014
	Ending balance, individually evaluated for impairment	$	47,293		$	—		$	47,293
	Ending balance, collectively evaluated for impairment	—			88			88
	Balance, end of year	$	47,293		$	88		$	47,381
Information about Company's Impaired Financing Receivables	The following table discloses information about the Company’s impaired financing receivables (in thousands):
		Net Balance			Unpaid Balance			Specific Allowance			Average Investment in Impaired Assets
	As of March 31, 2015
	Financing receivables with a specific valuation allowance:
	Loans and receivables from managed entities – commercial finance	$	1,327		$	18,573		$	17,246		$	19,561
	Loans and receivables from managed entities – real estate	831			$	944		113			596
	Rent receivables – real estate	—			—			1			—
	As of December 31, 2014
	Financing receivables with a specific valuation allowance:
	Loans and receivables from managed entities – commercial finance	$	1,295		$	18,285		$	16,990		$	18,882

INVESTMENTS_IN_REAL_ESTATE_Tab

INVESTMENTS IN REAL ESTATE (Tables)	3 Months Ended
	Mar. 31, 2015
Real Estate Investments, Net [Abstract]
Summary of Carrying Value of Investments in Real Estate	The Company’s investments in real estate, net, consist of the following (in thousands):
		March 31,		December 31,
		2015		2014
	Properties owned, net of accumulated depreciation of $9,335 and $9,198:
	Hotel property (Savannah, Georgia)	$	9,851	$	10,110
	Office building (Philadelphia, Pennsylvania)	870		888
		10,721		10,998
	Partnerships and other investments	6,112		6,099
	Total investments in real estate, net	$	16,833	$	17,097
Schedule of Future Minimum Rental Payments for Operating Leases	The contractual future minimum rental income on non-cancelable operating leases included in properties owned for each of the five succeeding annual periods ending March 31, and thereafter, are as follows (in thousands):
	2016	$	926
	2017	769
	2018	700
	2019	701
	2020	581
	Thereafter	355
	Total	$	4,032

INVESTMENT_SECURITIES_Tables

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Components of the Company's Investment Securities	Components of investment securities are as follows (in thousands):
		March 31,		December 31,
		2015		2014
	Available-for-sale securities	$	9,519	$	9,065
	Trading securities	266		475
	Total investment securities, at fair value	$	9,785	$	9,540
Pre-tax Unrealized Gains (Losses) Relating to the Company's Investments in Equity and Collateralized Debt Obligation Securities	Available-for-sale securities.  The following table discloses the pre-tax unrealized gains (losses) relating to the Company’s investments in available-for-sale securities (in thousands):
		Cost or		Unrealized			Unrealized				Fair Value
		Amortized Cost		Gains			Losses
	31-Mar-15
	CLO securities	$	7,445	$	1,226		$	(224	)		$	8,447
	Equity securities	888		184			—				1,072
	Total	$	8,333	$	1,410		$	(224	)		$	9,519
	31-Dec-14
	CLO securities	$	6,962	$	1,228		$	(176	)		$	8,014
	Equity securities	888		163			—				1,051
	Total	$	7,850	$	1,391		$	(176	)		$	9,065
Unrealized Losses Along with the Related Fair Value, Aggregated by the Length of Time the Investments were in a Continuous Unrealized Loss Position	Unrealized losses on available-for-sale securities, along with their related fair value, and aggregated by the length of time the investments were in a continuous unrealized loss position, are as follows (in thousands, except number of securities):
		Less than 12 Months								More than 12 Months
		Fair Value		Unrealized			Number of Securities			Fair Value			Unrealized		Number of Securities
				Losses									Losses
	31-Mar-15
	CLO securities	$	3,154	$	(224	)	5			$	—		$	—	—
	Equity securities			—			—			—			—		—
	Total	$	3,154	$	(224	)	5			$	—		$	—	—
	31-Dec-14
	CLO securities	$	2,643	$	(176	)	4			$	—		$	—	—
	Equity securities	—		—			—			—			—		—
	Total	$	2,643	$	(176	)	4			$	—		$	—	—

INVESTMENTS_IN_UNCONSOLIDATED_1

INVESTMENTS IN UNCONSOLIDATED ENTITIES AND LOAN MANAGER (Tables)	3 Months Ended
	Mar. 31, 2015
Investments in Unconsolidated Entities [Abstract]
Details of Company's Investments in Investment Vehicles, Including the Range of Interests it Owns	The following table details the Company’s investments in these vehicles, including the range of ownership interests owned (in thousands, except percentages):
		Range of Combined		March 31,				December 31,
		Ownership Interests		2015				2014
	Real estate investment entities	1% – 12%		$	7,939			$	8,313
	Financial fund management partnerships	0.01% − 50%		4,452				4,162
	Trapeza entities	33% − 50%		714				614
	Investments in unconsolidated entities			$	13,105			$	13,089
Summarized Operating Data for Unconsolidated Investment	Summarized operating data for CVC Credit Partners is presented below (in thousands):
		Three Months Ended
		March 31,
		2015				2014
	Management fee revenues	$	16,738			$	12,388
	Costs and expenses	(14,809		)		(11,295		)
	Net income	$	1,929			$	1,093
	Portion of net income attributable to the Company	$	637			$	361

ACCRUED_EXPENSES_AND_OTHER_LIA1

ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2015
Payables and Accruals [Abstract]
Summary of Components of Accrued Expenses and Other Liabilities	The following is a summary of the components of accrued expenses and other liabilities (in thousands):
		March 31,		December 31,
		2015		2014
	Accounts payable and other accrued liabilities	$	6,612	$	6,045
	Supplemental executive retirement plan ("SERP") liability (see Note 14)	6,218		6,383
	Accrued wages and benefits	4,100		4,580
	Deferred rent	2,424		2,485
	Apidos contractual obligation, at fair value (see Note 16)	694		745
	Dividends payable	1,306		1,312
	Short-term insurance notes	277		729
	Total accrued expenses and other liabilities	$	21,631	$	22,279

BORROWINGS_Tables

BORROWINGS (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Credit Facilities and Other Debt of the Company and Related Borrowings Outstanding	The credit facilities and other debt of the Company and related borrowings outstanding are as follows (in thousands):
		As of March 31, 2015				December 31,
						2014
		Maximum		Borrowings		Borrowings
		Amount of		Outstanding		Outstanding
		Facility
	Credit facilities:
	TD Bank – secured revolving credit facility (1)	$	10,997	$	—	$	—
	Republic Bank – secured revolving credit facility	2,784		—		—
				—		—
	Other debt:
	Senior Notes			10,000		10,000
	Mortgage debt - hotel property			10,035		10,088
	Other debt			1,139		324
	Total borrowings outstanding			$	21,174	$	20,412
	-1	The amount of the facility as shown has been reduced $503,000 for an outstanding letter of credit at March 31, 2015.
Annual Principal Payments on the Company's Aggregate Borrowings Over the Next Five Years and Thereafter	Annual principal payments coming due on the Company’s aggregate borrowings for the next five years ending March 31 and thereafter, are as follows (in thousands):
	2016	$	601
	2017	602
	2018	10,591
	2019	292
	2020	276
	Thereafter	8,812
	Total	$	21,174

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Mar. 31, 2015
Comprehensive Income (Loss) [Abstract]
Changes in Accumulated Other Comprehensive Income (Loss) by Category	The following are changes in accumulated other comprehensive (loss) income by category (in thousands):
		Investment Securities			Cash Flow Hedges			Foreign Currency			SERP Pension			Total
		Available-for-Sale						Translation Adjustments			Liability
	Balance, December 31, 2014, net of tax of $472, $0, $(3) and $(2,700)	$	1,979		$	(1	)	$	(5	)	$	(3,003	)	$	(1,030	)
	Current-period other comprehensive (loss) income	(158		)	—			2			47			(109		)
	Balance, March 31, 2015 net of tax of $458, $0, $2 and $9	$	1,821		$	(1	)	$	(3	)	$	(2,956	)	$	(1,139	)
	Amounts reclassified from accumulated other comprehensive income were reflected in the consolidated financial statements, as follows:
	Category		Locations in the consolidated financial statements
	Investment securities available-for-sale		Revenues - Financial fund management
	Cash flow hedges		Revenues - commercial finance
	SERP pension liability		General and administrative expenses
	Foreign currency translation adjustments		Other income

NONCONTROLLING_INTERESTS_Table

NONCONTROLLING INTERESTS (Tables)	3 Months Ended
	Mar. 31, 2015
Noncontrolling Interest [Abstract]
Activity in Noncontrolling Interest	The following table presents the activity in noncontrolling interests (in thousands):
		For the Three Months Ended
		March 31, 2015
		RSO			Other
	Noncontrolling interests, beginning of year	$	916,543		$	306
	Net income (loss) attributable to noncontrolling interests	17,795			(8		)
	Other comprehensive loss	(1,474		)	(4		)
	Proceeds from issuance of equity interests, net	3,103			—
	Amortization of stock-based compensation	996			—
	Discount on 6% senior convertible notes	4,213			—
	Contribution from noncontrolling interests	(373		)	19
	Distributions to noncontrolling interests	(27,057		)	—
	Noncontrolling interests, end of period	$	913,746		$	313

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Reconciliation of Components Used in Computation of Basic and Diluted EPS	The following table presents a reconciliation of the shares used in the computation of Basic EPS and Diluted EPS (in thousands):
		Three Months Ended
		March 31,
		2015	2014
	Shares
	Basic shares outstanding	22,965	20,252
	Dilutive effect of outstanding stock options, warrants and director units	274	1,775
	Diluted shares outstanding	23,239	22,027

BENEFIT_PLANS_Tables

BENEFIT PLANS (Tables)	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Components of Net Periodic Benefit Costs for the SERP	The components of net periodic benefit costs for the SERP were as follows (in thousands):
		Three Months Ended
		March 31,
		2015			2014
	Interest cost	$	62		$	68
	Less: expected return on plan assets	(19		)	(39		)
	Plus: Amortization of unrecognized loss	106			70
	Net cost	$	149		$	99

CERTAIN_RELATIONSHIPS_AND_RELA1

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Details of Receivable and Payables and Fees, Dividends and Reimbursed Expenses	The following table details these receivables and payables (in thousands):
		March 31,			December 31,
		2015			2014
	Receivables from managed entities and related parties, net:
	Real estate investment entities (1)	$	20,326		$	23,733
	Commercial finance investment entities (2)	2,738			2,883
	Financial fund management investment entities	1,093			663
	Other	325			488
	Loan receivable from CVC Credit Partners	2,305			2,536
	Receivables from managed entities and related parties	$	26,787		$	30,303
	Payables due to managed entities and related parties, net:
	Real estate investment entities (3)	$	2,096		$	2,942
	Other	69			73
	Payables to managed entities and related parties	$	2,165		$	3,015
	-1	Includes a $113,000 reserve for credit losses for management fees due from one of the Company's real estate investment entities: there was no reserve at December 31, 2014.
	-2	Amounts shown are net of reserves for credit losses of $17.2 million and $17.0 million as of March 31, 2015 and December 31, 2014, respectively, related to management fees due from one of the Company's commercial finance investment entities that, based on estimated cash distributions, are not expected to be collectible.
	-3	Reflects $2.0 million and $2.6 million in self-insurance funds provided by the Company's real estate investment entities as of March 31, 2015 and December 31, 2014, respectively, which are held in escrow by the Company
Schedule of Fees, Dividends and Reimbursed Expenses from Several Related/Managed Entities	The following table details those activities (in thousands):
		Three Months Ended
		March 31,
		2015			2014
	Fees from unconsolidated investment entities:
	Real estate (1)	$	9,434		$	8,925
	Financial fund management	782			802
	CVC Credit Partners – reimbursement of net costs and expenses	229			181
	RRE Opportunity REIT I:
	Reimbursement of costs and expenses	888			351
	Dividends paid	15			29
	RRE Opportunity REIT II:
	Reimbursement of costs and expenses	737			502
	Dividends paid	7			—
	LEAF:
	Payment for sub-servicing the commercial finance	(23		)	(127		)
	investment partnerships
	Reimbursement of net costs and expenses	36			36
	1845 Walnut Associates Ltd:
	Payment for rent and related expenses	(207		)	(204		)
	Property management fees	38			16
	Brandywine Construction & Management, Inc. –	(52		)	(40		)
	payment for property management of hotel property
	Atlas Energy, L.P. – reimbursement of net costs and expenses	13			30
	Ledgewood P.C. – payment for legal services	(34		)	(24		)
	Graphic Images, LLC – payment for printing services	(48		)	(60		)
	The Bancorp, Inc. – reimbursement of net costs and expenses	—			27
	9 Henmar LLC – payment of broker/consulting fees	(3		)	(3		)
	-1	Reflects the reversal of discounts of $207,000 and $33,000 for the three months ended March 31, 2015 and 2014, respectively, in connection with management fees from the Company's real estate investment entities that it expects to receive in future periods.
	-2	During the three months ended March 31, 2015 and 2014, the Company waived $49,000 and $224,000, respectively, of management fees from its commercial finance investment entities.

FAIR_VALUE_Tables

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Company's Asset Recorded at Fair Value on Recurring Basis	The fair value of the Company’s assets and liabilities recorded at fair value on a recurring basis were as follows (in thousands):
		Level 1			Level 2			Level 3		Total
	Assets - Investment securities
	March 31, 2015	$	284		$	788		$	8,713	$	9,785
	December 31, 2014	$	310		$	741		$	8,489	$	9,540
	Liabilities - Apidos contractual commitment	Level 1			Level 2			Level 3		Total
	March 31, 2015	$	—		$	—		$	694	$	694
	December 31, 2014	$	—		$	—		$	745	$	745
Additional Information about Assets Measured at Fair Value on Recurring Basis for which the Company Has Utilized Level 3 Inputs to Determine Fair Value	The following table presents additional information about assets which were measured at fair value on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value during three months ended March 31, 2015 (in thousands):
		Investment Securities
	Balance, beginning of year	$	8,489
	Purchases	611
	Income accreted	288
	Payments and distributions received, net	(455		)
	Sales	(175		)
	Losses on sales of trading securities	(15		)
	Unrealized holding gains on trading securities	20
	Change in unrealized gains included in accumulated other comprehensive loss	(50		)
	Balance, end of period	$	8,713
	The following table presents additional information about assets which were measured at fair value on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value during year ended December 31, 2014 (in thousands):
		Investment Securities
	Balance, beginning of year	$	7,407
	Purchases	15,063
	Income accreted	995
	Payments and distributions received, net	(3,752		)
	Sales	(13,251		)
	Gain on sale of investment securities, net	445
	Unrealized losses on trading securities	(200		)
	Realized gains on trading securities	1,850
	Change in unrealized losses included in accumulated other comprehensive loss	(68		)
	Balance, end of year	$	8,489
Quantitative Inputs and Assumptions in Determining the Fair Value of Items Categorized in Level 3	The following table presents the Company's quantitative inputs and assumptions used in determining the fair value of items categorized in Level 3 (in thousands, except percentages):
		Fair value at March 31, 2015			Valuation Technique		Unobservable Inputs	Assumptions
								(weighted average)
	CLO securities	$	8,447		Discounted cash flow		Constant default rate	0% - 2%
							Loss severity rate	25%
							Constant prepayment rate - year one	30%
							Constant prepayment rate - year two	25%
							Constant prepayment rate - thereafter	25%
							Reinvestment price on collateral	99.50%
							Reinvestment spread	0% - 450%
							Discount rates	13%
	Trading securities	$	266		Net asset value		Value of underlying assets	variable
					Discounted cash flow		Constant default rate	2% - 9%
							Constant prepayment rate	20% - 30%
							Loss severity rate	30%
Changes in Carrying Value of Assets and Liabilities Measured at Fair Value on Non-recurring Basis
Fair Value of Financial Instruments	The fair value of financial instruments required to be disclosed at fair value, excluding instruments valued on a recurring basis, is as follows (in thousands):
		March 31, 2015						December 31, 2014
		Carrying			Estimated Fair Value			Carrying		Estimated Fair Value
		Amount						Amount
	Borrowings:
	Real estate debt	$	10,035		$	11,131		$	10,088	$	11,197
	Senior Notes	10,000			13,177			10,000		12,820
	Other debt	1,139			1,139			324		324
		$	21,174		$	25,447		$	20,412	$	24,341

OPERATING_SEGMENTS_Tables

OPERATING SEGMENTS (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Summarized Operating Segment Data	Summarized operating segment data are as follows (in thousands):
	Three Months Ended		Real			Financial			Commercial			All			Total			RSO			Eliminations			Total
	March 31, 2015		Estate			Fund			Finance			Other (1)			RAI									Consolidation
						Management
	Revenues from external customers		$	16,294		$	3,129		$	13		$	—		$	19,436		$	24,361		$	(3,452	)	$	40,345
	Equity in (losses) earnings of unconsolidated entities		672			2,008			(15		)	—			2,665			—			(821		)	1,844
	Total revenues		16,966			5,137			(2		)	—			22,101			24,361			(4,273		)	42,189
	Segment operating expenses		(11,499		)	(2,990		)	(579		)	—			(15,068		)	(21,060		)	3,368			(32,760		)
	General and administrative expenses		(879		)	(284		)	—			(2,134		)	(3,297		)	—			—			(3,297		)
	Provision for credit losses		(114		)	—			(288		)	—			(402		)	—			—			(402		)
	Depreciation and amortization		(312		)	(16		)	—			(129		)	(457		)	—			—			(457		)
	Interest expense		(183		)	—			—			(238		)	(421		)	—			—			(421		)
	Other income (expense), net		223			441			1			(351		)	314			16,516			(467		)	16,363
	Pretax loss (income) attributable to noncontrolling interests (2)		8			—			—			—			8			(8,568		)	(9,227		)	(17,787		)
	Income (loss) from continuing operations, net of noncontrolling interests before taxes		$	4,210		$	2,288		$	(868	)	$	(2,852	)	$	2,778		$	11,249		$	(10,599	)	$	3,428
	Three Months Ended		Real			Financial			Commercial			All			Total			RSO			Eliminations			Total
	March 31, 2014		Estate			Fund			Finance			Other (1)			RAI									Consolidation
						Management
	Revenues from external customers		$	13,630		$	5,990		$	—		$	—		$	19,620		$	25,245		$	(2,880	)	$	41,985
	Equity in (losses) earnings of unconsolidated entities		(355		)	1,085			(99		)	—			631			—			—			631
	Total revenues		13,275			7,075			(99		)	—			20,251			25,245			(2,880		)	42,616
	Segment operating expenses		(8,875		)	(4,389		)	(103		)	—			(13,367		)	(11,285		)	2,819			(21,833		)
	General and administrative expenses		(1,096		)	(453		)	—			(1,605		)	(3,154		)	—			—			(3,154		)
	Provision for credit losses		3			—			(1,211		)	—			(1,208		)	—			—			(1,208		)
	Depreciation and amortization		(308		)	(11		)	—			(132		)	(451		)	—			—			(451		)
	Interest expense		(196		)	—			—			(287		)	(483		)	—			—			(483		)
	Other income, net		256			571			(2		)	(88		)	737			3,516			(554		)	3,699
	Pretax loss (income) attributable to noncontrolling interests (2)		40			—			—			—			40			(2,344		)	(14,807		)	(17,111		)
	Income (loss) from continuing operations, net of noncontrolling interests before taxes		$	3,099		$	2,793		$	(1,415	)	$	(2,112	)	$	2,365		$	15,132		$	(15,422	)	$	2,075
	Segment assets		Real			Financial			Commercial			All			Total			RSO			Total
			Estate			Fund			Finance			Other (1)			RAI						Consolidation
						Management
	31-Mar-15		$	191,539		$	49,258		$	4,173		$	(75,309	)	$	169,661		$	2,932,646		$	3,102,307
	31-Mar-14		$	180,902		$	60,047		$	9,861		$	(82,254	)	$	168,556		$	2,341,335		$	2,509,891
	-1	Includes general corporate expenses and assets not allocable to any particular segment.
	-2	In viewing its segment operations, the Company includes the pretax income attributable to noncontrolling interests.  However, these interests are excluded from income (loss) from operations as computed in accordance with U.S. GAAP and should be deducted to compute income from operations as reflected in the Company’s consolidated statements of operations.

VARIABLE_INTEREST_ENTITIES_Tab

VARIABLE INTEREST ENTITIES (Tables)	3 Months Ended
	Mar. 31, 2015
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The following table presents the carrying amounts of the assets in the Company's consolidated balance sheets that relate to the Company's variable interests in identified nonconsolidated VIEs and the Company's maximum exposure to loss associated with these VIEs in which it holds variable interests at March 31, 2015 (in thousands):
		Receivables from Managed Entities and Related Parties, Net (1)				Investments				Maximum Exposure to Loss in
										Non-consolidated VIEs
	Ischus entities	$	158			$	—			$	158
	Trapeza entities	—				714				714
	RREGPS	—				716				716
		$	158			$	1,430			$	1,588
	-1	Exclusive of expense reimbursements due to the Company.
Supplemental Cash Flow Information	Supplemental disclosure of cash flow information for the Company is as follows (in thousands, per share data):
		Three Months Ended
		March 31,
		2015				2014
	Cash (paid) received:
	Interest	$	(399	)		$	(409	)
	Income tax payments	(65		)		(176		)
	Refund of income taxes	44				47
	Dividends declared per common share	$	0.06			$	0.05
	Non-cash activities:
	Repurchase of common stock from employees in exchange for the payment of income taxes	$	165			$	207
	Issuance of treasury stock for the Company's investment savings 401(k) plan	150				178
Unrealized Losses Along with the Related Fair Value, Aggregated by the Length of Time the Investments were in a Continuous Unrealized Loss Position	Unrealized losses on available-for-sale securities, along with their related fair value, and aggregated by the length of time the investments were in a continuous unrealized loss position, are as follows (in thousands, except number of securities):
		Less than 12 Months											More than 12 Months
		Fair Value				Unrealized				Number of Securities			Fair Value				Unrealized				Number of Securities
						Losses											Losses
	31-Mar-15
	CLO securities	$	3,154			$	(224	)		5			$	—			$	—			—
	Equity securities					—				—			—				—				—
	Total	$	3,154			$	(224	)		5			$	—			$	—			—
	31-Dec-14
	CLO securities	$	2,643			$	(176	)		4			$	—			$	—			—
	Equity securities	—				—				—			—				—				—
	Total	$	2,643			$	(176	)		4			$	—			$	—			—
Schedule of Equity Method Investments	The following table details the Company’s investments in these vehicles, including the range of ownership interests owned (in thousands, except percentages):
		Range of Combined		March 31,				December 31,
		Ownership Interests		2015				2014
	Real estate investment entities	1% – 12%		$	7,939			$	8,313
	Financial fund management partnerships	0.01% − 50%		4,452				4,162
	Trapeza entities	33% − 50%		714				614
	Investments in unconsolidated entities			$	13,105			$	13,089
Summary of Activity in the Allowance for Credit Losses for the Company's Financing Receivables	The following table summarizes the activity in the allowance for credit losses for all financing receivables (in thousands):
		Receivables				Leases and				Rent				Total
		from Managed				Loans				Receivables
		Entities
	Three Months Ended March 31, 2015:
	Balance, beginning of period	$	16,990			$	—			$	—			$	16,990
	Provision for credit losses	369				32				1				402
	Charge-offs	—				(32		)		—				(32		)
	Recoveries	—				—				—				—
	Balance, end of period	$	17,359			$	—			$	1			$	17,360
	Ending balance, individually evaluated for impairment	$	17,359			—				$	1			$	17,360
	Ending balance, collectively evaluated for impairment	0				—				—				—
	Balance, end of year	$	17,359			$	—			$	1			$	17,360
	Three Months Ended March 31, 2014:
	Balance, beginning of period	$	36,229			$	—			$	14			$	36,243
	Provision for (reversal of) credit losses	1,213				(1		)		(4		)		1,208
	Charge-offs	(1		)		—				—				(1		)
	Recoveries	—				1				—				1
	Balance, end of period	$	37,441			$	—			$	10			$	37,451
	Ending balance, individually evaluated for impairment	$	37,441			$	—			$	—			$	37,441
	Ending balance, collectively evaluated for impairment	—				—				10				10
	Balance, end of period	$	37,441			$	—			$	10			$	37,451
Aging of the Company's Past Due Financing Receivables, Gross of Allowances for Credit Losses	The following table is the aging of the Company’s financing receivables (presented gross of allowance for credit losses) as of March 31, 2015 (in thousands):
		Current				30-89 Days				90-180 Days				Greater than				Total				Total
						Past Due				Past Due				181 Days				Past Due
	Loans and receivables from managed
	entities and related parties: (1)
	Commercial finance	$	6			$	344			$	1,131			$	18,503			$	19,978			$	19,984
	investment entities
	Real estate investment entities	3,845				1,380				384				14,831				16,595				20,440
	Financial fund management entities	981				57				31				24				112				1,093
	Other	2,629				—				—				—				—				2,629
		7,461				1,781				1,546				33,358				36,685				44,146
	Rent receivables - real estate	98				20				—				—				20				118
	Total financing receivables	$	7,559			$	1,801			$	1,546			$	33,358			$	36,705			$	44,264
	-1	Receivables are presented gross of an allowance for credit losses of $17.2 million related to the Company’s commercial finance investment entities and $113,000 related to one of its real estate investment partnerships.  The remaining receivables from managed entities and related parties have no related allowance for credit losses.
	The following table is the aging of the Company’s financing receivables (presented gross of allowance for credit losses) as of December 31, 2014 (in thousands):
		Current				30-89 Days				90-180 Days				Greater than				Total				Total
						Past Due				Past Due				181 Days				Past Due
	Loans and receivables from
	managed entities and
	related parties: (1)
	Commercial finance	$	9			$	342			$	1,124			$	18,398			$	19,864			$	19,873
	investment entities
	Real estate investment entities	6,613				772				1,214				15,134				17,120				23,733
	Financial fund management entities	583				74				—				6				80				663
	Other	3,024				—				—				—				—				3,024
		10,229				1,188				2,338				33,538				37,064				47,293
	Rent receivables - real estate	76				11				1				—				12				88
	Total financing receivables	$	10,305			$	1,199			$	2,339			$	33,538			$	37,076			$	47,381
	-1	Receivables are presented gross of an allowance for credit losses of $17.0 million related to one of the Company’s commercial finance investment entities.  The remaining receivables from managed entities and related parties have no related allowance for credit losses.
Information about Company's Impaired Financing Receivables	The following table discloses information about the Company’s impaired financing receivables (in thousands):
		Net Balance				Unpaid Balance				Specific Allowance				Average Investment in Impaired Assets
	As of March 31, 2015
	Financing receivables with a specific valuation allowance:
	Loans and receivables from managed entities – commercial finance	$	1,327			$	18,573			$	17,246			$	19,561
	Loans and receivables from managed entities – real estate	831				$	944			113				596
	Rent receivables – real estate	—				—				1				—
	As of December 31, 2014
	Financing receivables with a specific valuation allowance:
	Loans and receivables from managed entities – commercial finance	$	1,295			$	18,285			$	16,990			$	18,882
Debt and Credit Facilities	The credit facilities and other debt of the Company and related borrowings outstanding are as follows (in thousands):
		As of March 31, 2015								December 31,
										2014
		Maximum				Borrowings				Borrowings
		Amount of				Outstanding				Outstanding
		Facility
	Credit facilities:
	TD Bank – secured revolving credit facility (1)	$	10,997			$	—			$	—
	Republic Bank – secured revolving credit facility	2,784				—				—
						—				—
	Other debt:
	Senior Notes					10,000				10,000
	Mortgage debt - hotel property					10,035				10,088
	Other debt					1,139				324
	Total borrowings outstanding					$	21,174			$	20,412
	-1	The amount of the facility as shown has been reduced $503,000 for an outstanding letter of credit at March 31, 2015.
Company's Asset Recorded at Fair Value on Recurring Basis	The fair value of the Company’s assets and liabilities recorded at fair value on a recurring basis were as follows (in thousands):
		Level 1				Level 2				Level 3				Total
	Assets - Investment securities
	March 31, 2015	$	284			$	788			$	8,713			$	9,785
	December 31, 2014	$	310			$	741			$	8,489			$	9,540
	Liabilities - Apidos contractual commitment	Level 1				Level 2				Level 3				Total
	March 31, 2015	$	—			$	—			$	694			$	694
	December 31, 2014	$	—			$	—			$	745			$	745
Additional Information about Assets Measured at Fair Value on Recurring Basis for which the Company Has Utilized Level 3 Inputs to Determine Fair Value	The following table presents additional information about assets which were measured at fair value on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value during three months ended March 31, 2015 (in thousands):
		Investment Securities
	Balance, beginning of year	$	8,489
	Purchases	611
	Income accreted	288
	Payments and distributions received, net	(455		)
	Sales	(175		)
	Losses on sales of trading securities	(15		)
	Unrealized holding gains on trading securities	20
	Change in unrealized gains included in accumulated other comprehensive loss	(50		)
	Balance, end of period	$	8,713
	The following table presents additional information about assets which were measured at fair value on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value during year ended December 31, 2014 (in thousands):
		Investment Securities
	Balance, beginning of year	$	7,407
	Purchases	15,063
	Income accreted	995
	Payments and distributions received, net	(3,752		)
	Sales	(13,251		)
	Gain on sale of investment securities, net	445
	Unrealized losses on trading securities	(200		)
	Realized gains on trading securities	1,850
	Change in unrealized losses included in accumulated other comprehensive loss	(68		)
	Balance, end of year	$	8,489
Changes in Carrying Value of Assets and Liabilities Measured at Fair Value on Non-recurring Basis
Fair Value of Financial Instruments	The fair value of financial instruments required to be disclosed at fair value, excluding instruments valued on a recurring basis, is as follows (in thousands):
		March 31, 2015								December 31, 2014
		Carrying				Estimated Fair Value				Carrying				Estimated Fair Value
		Amount								Amount
	Borrowings:
	Real estate debt	$	10,035			$	11,131			$	10,088			$	11,197
	Senior Notes	10,000				13,177				10,000				12,820
	Other debt	1,139				1,139				324				324
		$	21,174			$	25,447			$	20,412			$	24,341
RSO [Member]
Variable Interest Entity [Line Items]
Condensed Financial Statements	The following reflects the assets and liabilities and operations of RSO which were consolidated by the Company:
	RSO Balance Sheets Detail (in thousands):
		March 31,				December 31, 2014
		2015
	ASSETS (1)
	Cash and cash equivalents	$	217,361			$	79,905
	Restricted cash	26,768				122,138
	Subtotal - Cash and cash equivalents	244,129				202,043
	Investment securities, trading	29,770				20,786
	Investment securities available-for-sale, pledged as collateral, at fair value	161,971				197,800
	Investment securities available-for-sale, at fair value	122,099				77,920
	Subtotal - Investments, at fair value	313,840				296,506
	Loans, pledged as collateral and net of allowances of $7.4 million and $4.6 million	1,960,250				1,925,980
	Loans receivable–related party	1,229				1,277
	Loans held for sale	248,254				111,736
	Subtotal - Loans, before eliminations	2,209,733				2,038,993
	Eliminations	(558		)		(558		)
	Subtotal - Loans	2,209,175				2,038,435
	Property held for sale	180				180
	Investments in unconsolidated entities	55,488				59,827
	Subtotal, Investments in real estate and unconsolidated entities	55,668				60,007
	Line items included in "other assets":
	Linked transactions, net at fair value	—				15,367
	Derivatives, at fair value	14,036				5,304
	Interest receivable	18,111				16,260
	Deferred tax asset	12,579				12,634
	Principal paydown receivable	26,906				40,920
	Direct financing leases	1,951				2,109
	Intangible assets	9,229				9,736
	Prepaid expenses	4,263				4,196
	Other assets	22,761				24,604
	Subtotal - Other assets, before eliminations	109,836				131,130
	Eliminations	(2		)		(109		)
	Subtotal - Other assets	109,834				131,021
	Total assets (excluding eliminations)	$	2,933,206			$	2,728,679
	Total assets (including eliminations)	$	2,932,646			$	2,728,012
	LIABILITIES (2)
	Borrowings	$	1,924,598			$	1,716,871
	Eliminations	334				205
	Subtotal Borrowings	1,924,932				1,717,076
	Distribution payable	25,521				30,592
	Accrued interest expense	5,437				2,123
	Derivatives, at fair value	8,860				8,476
	Accrued tax liability	6,982				9,219
	Accounts payable and other liabilities	13,091				9,287
	Subtotal - Other liabilities, before eliminations	59,891				59,697
	Eliminations	(2,684		)		(2,446		)
	Subtotal - Other liabilities	57,207				57,251
	Total liabilities (before eliminations)	$	1,984,489			$	1,776,568
	Total liabilities (after eliminations)	$	1,982,139			$	1,774,327
	RSO Balance Sheets Detail (in thousands):
		March 31,				December 31,
		2015				2014
	(1) Assets of consolidated Variable Interest Entities ("VIE") included in total assets above:
	Cash and cash equivalents	$	133			$	25
	Restricted cash	25,262				121,247
	Investments securities available-for-sale, pledged as collateral, at fair value	94,658				119,203
	Loans held for sale	73,892				282
	Loans, pledged as collateral and net of allowances of $4.2 million	1,445,136				1,261,137
	and $3.3 million
	Interest receivable	9,895				8,941
	Prepaid expenses	193				221
	Principal paydown receivable	26,700				25,767
	Other assets	(742		)		(12		)
Total assets of consolidated RSO VIEs	$	1,675,127			$	1,536,811
(2) Liabilities of consolidated VIEs included in total liabilities above :
Borrowings	$	1,170,687			$	1,046,494
Accrued interest expense	1,329				1,000
Derivatives, at fair value	7,305				8,439
Unsettled loan purchases	—				(529		)
Accounts payable and other liabilities	56				(386		)
Total liabilities of consolidated RSO VIEs	$	1,179,377			$	1,055,018
RSO Income Statement Detail (in thousands):
	For the Three Months Ended
	March 31,
	2015				2014
REVENUES
Interest income:
Loans	$	32,663			$	20,229
Securities	4,052				4,004
Leases	95				—
Interest income − other	832				2,852
Total interest income	37,642				27,085
Interest expense	14,902				9,628
Net interest income	22,740				17,457
Rental income	—				5,152
Dividend income	16				136
Fee income	1,605				2,500
Revenues from consolidated VIE-RSO	24,361				25,245
OPERATING EXPENSES
Management fees − related party	3,560				3,080
Equity compensation − related party	995				1,667
Rental operating expense	6				3,396
Lease operating	23				—
General and administrative - Corporate	4,783				2,840
General and administrative - PCM	7,079				3,426
Depreciation and amortization	565				836
Impairment losses	59				—
Provision (recovery) for loan losses	3,990				(3,960		)
Total operating expenses	21,060				11,285
Expenses of consolidated VIE-RSO	21,060				11,285
Adjusted operating income	3,301				13,960
OTHER INCOME (EXPENSE)
Equity in earnings of unconsolidated subsidiaries	706				2,014
Net realized gain (loss) on sales of investment securities available-for-sale and loans and derivatives	14,423				2,088
Net realized and unrealized gains (loss) on investment securities, trading	2,074				(1,560		)
Unrealized gain (loss) and net interest income on linked transactions, net	235				2,305
(Loss) on reissuance/ gain on extinguishment of debt	(900		)		(69		)
(Loss) gain on sale of real estate	(22		)		—
Other income (expense)	—				(1,262		)
Other income, net, from consolidated VIE - RSO	16,516				3,516
Income from continuing operations	19,817				17,476
Income tax (expense) benefit - RSO	(1,847		)		(16		)
NET INCOME (LOSS)	17,970				17,460
Net (loss) income allocated to preferred shares	(6,091		)		(2,400		)
Net (income) loss allocable to non-controlling interest, net of taxes	(2,477		)		56
NET INCOME (LOSS) ALLOCABLE TO RSO COMMON SHAREHOLDERS	$	9,402			$	15,116
RSO Cash Flow Detail (in thousands)	Three Months Ended
	March 31,
	2015				2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	17,970			$	17,460
Items included in "Change in cash attributable to consolidated VIE-RSO":
Provision (recovery of) for loan losses	3,990				(3,960		)
Depreciation of investments in real estate and other	139				392
Amortization of intangible assets	507				444
Amortization of term facilities	115				534
Accretion (amortization) of net discounts (premiums) on loans held for investment	(338		)		(574		)
Accretion (amortization) of net discounts (premiums) on securities available-for-sale	837				(769		)
Amortization (accretion) of discount (premium) on notes of securitization	463				434
Amortization of debt issuance costs on notes of securitizations	1,066				796
Amortization of stock-based compensation	995				1,667
Amortization of (accretion) of terminated derivative instruments	67				70
Accretion (amortization) of interest-only available-for-sales securities	873				(137		)
Deferred income tax (benefit) expense	(48		)		(89		)
Purchase of mortgage loans held for sale, net	(58,136		)		(877		)
Purchase of securities, trading	(16,268		)		—
Principal payments on securities, trading	—				42
Proceeds from sales of securities, trading	8,095				—
Net realized and unrealized loss (gain) on investment securities, trading	(2,074		)		1,560
Net realized (gains) loss on sales of investment securities available-for-sale and loans	(14,423		)		(3,680		)
Loss (gain) on reissuance (extinguishment) of debt	900				69
Loss (gain) on sale of real estate	22				—
Settlement of derivative instruments	82				—
Net impairment losses recognized in earnings	59				—
Linked transactions fair value adjustments	(235		)		(1,763		)
Equity in net (earnings) losses of unconsolidated subsidiaries	(706		)		(2,014		)
Changes in operating assets and liabilities, net of acquisitions	65,786				9,563
Net cash (used in) provided by operating activities	(8,232		)		1,708
Change in consolidated VIE-RSO cash for the period	(137,456		)		95,584
Subtotal - Change in cash attributable to consolidated VIE-RSO before eliminations	(145,688		)		97,292
Elimination of intercompany activity	(27		)		(28		)
Subtotal - Adjustments to reconcile net income and operating cash flows to net income of consolidated VIE-RSO	(145,715		)		97,264
Net cash provided by operating activities of consolidated VIE-RSO (excluding eliminations)	9,738				19,168
	Three Months Ended
	March 31,
	2015				2014
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of loans	(207,983		)		(169,380		)
Purchase of securities available-for-sale	(4,000		)		(48,321		)
Subtotal - Purchase of loans and securities by consolidated VIE-RSO, before eliminations	(211,983		)		(217,701		)
Principal payments received on loans	91,294				90,948
Proceeds from sale of loans	16,922				15,974
Principal payments on securities available-for-sale	37,860				17,325
Proceeds from sale of securities available-for-sale	7,113				12,314
Principal payments received on loans - related parties	—				753
Subtotal - principal payments and proceeds from sales received by consolidated VIE-RSO, before eliminations	153,189				137,314
(Increase) decrease in restricted cash	33,230				(12,849		)
Items included in "Other investing activity of consolidated VIE-RSO":
Return of capital from (investment in) unconsolidated entity	4,391				5,650
Acquisition of controlling interest in Moselle CLO S.A.	—				(30,433		)
Investment in loans - related parties	(903		)		(285		)
Purchase of furniture and fixtures	—				(38		)
Acquisition of property and equipment	(171		)		(269		)
Subtotal - Other investing activity of consolidated VIE-RSO, before eliminations	3,317				(25,375		)
Eliminations	—				(391		)
Subtotal - Other investing activity of consolidated VIE-RSO	3,317				(25,766		)
Net cash used in investing activities of consolidated VIE-RSO	(22,247		)		(118,611		)
(excluding eliminations)
	Three Months Ended
	March 31,
	2015				2014
CASH FLOWS FROM FINANCING ACTIVITIES:
Items included in "Net borrowings (repayments) of debt by consolidated VIE-RSO"
Proceeds from borrowings:
Repurchase agreements, net of repayments	—				75,877
Senior secured revolving credit facility, net of repayments	21,500				—
CRE Securitization	282,127				—
Reissuance of debt	8,100				—
Convertible senior notes	99,000				—
Payments on borrowings:
Collateralized debt obligations	(161,713		)		(59,668		)
Repurchase agreements, net of borrowings	(64,812		)		—
Subtotal - net borrowings of debt by consolidated VIE-RSO	184,202				16,209
Distributions paid on common stock	(26,563		)		(25,536		)
Elimination of dividends paid to RAI	478				572
Distributions paid on common stock of consolidated VIE-RSO, after eliminations	(26,085		)		(24,964		)
Net proceeds from issuances of common stock (net of offering costs of $0 and $0)	—				245
Net proceeds from dividend reinvestment and stock purchase plan (net of offering costs of $0 and $0)	106				—
Repurchase of common stock	(5		)		—
Proceeds from issuance of 8.5% Series A redeemable	—				4,440
preferred shares (net of offering costs of $0 and $0)
Proceeds from issuance of 8.25% Series B redeemable	3,002				10,975
preferred shares (net of offering costs of $111 and $565)
Subtotal - net proceeds from issuance of stock by consolidated VIE-RSO	3,103				15,660
Payment of debt issuance costs	(6,639		)		(8		)
Settlement of derivative instruments	3,091				—
Distributions paid to non-controlling interests	(2,987		)		—
Proceeds received from non-controlling interests	1,802				—
Payment of equity to third party sub-note holders	—				(307		)
Distributions paid on preferred stock	(6,044		)		(2,159		)
Subtotal - Other consolidated financing activity of consolidated VIE-RSO, before eliminations	(10,777		)		(2,474		)
Eliminations	100				—
Subtotal - Other consolidated financing activity of consolidated VIE-RSO	(10,677		)		(2,474		)
Net cash provided by financing activities of consolidated VIE-RSO, excluding eliminations	149,965				3,859
Net increase (decrease) in cash and cash equivalents	137,456				(95,584		)
Cash and cash equivalents, beginning of year of consolidated VIE-RSO	79,905				262,270
Cash and cash equivalents, end of period of consolidated VIE-RSO	$	217,361			$	166,686
Supplemental disclosures:
Interest expense paid in cash	$	9,378			$	8,576
Income taxes paid in cash	$	1,739			$	1,774
Schedule of Variable Interest Entities	The following table shows the classification and carrying value of assets and liabilities of RSO's consolidated VIEs as of March 31, 2015 (in thousands):
		Apidos I				Apidos				Apidos				Whitney CLO I				RREF				RREF				RCC CRE Notes 2013				RCC 2014-CRE2			RCC 2015-CRE3		Moselle		RCM Global, LLC			Total
						III				Cinco								2006-1				2007-1
	ASSETS
	Cash and cash equivalents	$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—		$	—	$	—	$	133		$	133
	Restricted cash (1)	76				4,519				17,227				116				18				250				2,514				—			5		537		—			25,262
	Investment securities available-for-sale, pledged as collateral, at fair value	—				2,856				10,891				—				5,777				57,930				—				—			—		—		17,204			94,658
	Loans, pledged as collateral	153				(79		)		223,524				—				125,373				199,987				204,181				350,362			341,635		—		—			1,445,136
	Loans held for sale	—				71,611				2,281				—				—				—				—				—			—		—		—			73,892
	Interest receivable	—				433				744				—				2,485				2,081				1,081				1,377			1,285		—		409			9,895
	Prepaid assets	—				15				40				—				47				48				43				—			—		—		—			193
	Principal paydown receivable	—				—				—				—				—				5,775				20,925				—			—		—		—			26,700
	Other assets	—				—				—				—				—				—				—				9			—		—		(751		)	(742		)
	Total assets (2)	$	229			$	79,355			$	254,707			$	116			$	133,700			$	266,071			$	228,744			$	351,748		$	342,925	$	537	$	16,995		$	1,675,127
	LIABILITIES
	Borrowings	$	—			$	67,028			$	229,644			$	—			$	52,958			$	131,717			$	179,547			$	231,662		$	278,011	$	120	$	—		$	1,170,687
	Accrued interest expense	—				45				234				—				42				148				289				195			376		—		—			1,329
	Derivatives, at fair value	—				—				—				—				608				6,697				—				—			—		—		—			7,305
	Accounts payable and other liabilities	—				33				13				—				4				1				—				—			3		—		2			56
	Total liabilities	$	—			$	67,106			$	229,891			$	—			$	53,612			$	138,563			$	179,836			$	231,857		$	278,390	$	120	$	2		$	1,179,377
	-1	Includes $2.8 million available for reinvestment in certain of the securitizations.
	-2	Assets of each of the consolidated VIEs may only be used to settle the obligations of each respective VIE.
	The following table shows the classification, carrying value and maximum exposure to loss with respect to RSO’s unconsolidated VIEs as of March 31, 2015 (in thousands):
		Unconsolidated Variable Interest Entities
		LEAF				Unsecured Junior Subordinated Debentures				Resource Capital Asset Management CDOs				Total				Maximum Exposure to Loss
	Investment in unconsolidated entities	$	39,469			$	1,548			$	—			$	41,017			41,017
	Intangible assets	—				—				8,990				8,990				8,990
	Total assets	39,469				1,548				8,990				50,007
	Borrowings	—				51,256				—				51,256				N/A
	Total liabilities	—				51,256				—				51,256				N/A
	Net asset (liability)	$	39,469			$	(49,708	)		8,990				$	(1,249	)		N/A
Supplemental Cash Flow Information	Supplemental disclosure of cash flow information is summarized for the periods indicated (in thousands):
		Three Months Ended
		March 31,
		2015				2014
	Non-cash investing activities include the following:
	Conversion of linked transactions assets to CMBS (1)	$	48,605			$	—
	Non-cash financing activities include the following:
	Distributions on common stock declared but not paid	$	21,423			$	25,663
	Distributions on preferred stock declared but not paid	$	6,116			$	2,520
	Issuance of restricted stock	$	1,163			$	640
	Conversion of linked transaction liabilities to repurchase agreement borrowings (1)	$	33,377			$	—
Investment Trading Securities at Fair Value	The following table summarizes RSO's structured notes and RMBS that are classified as investment securities, trading and carried at fair value (in thousands). Structured notes are CLO debt securities collateralized by syndicated bank loans, and RMBS is a type of mortgage-backed debt obligation whose cash flows come from residential debt.
		Amortized Cost				Unrealized Gains				Unrealized Losses				Fair Value
	As of March 31, 2015:
	Structured notes	$	30,308			$	2,063			$	(2,601	)		$	29,770
	RMBS	1,896				—				(1,896		)		—
	Total	$	32,204			$	2,063			$	(4,497	)		$	29,770
	As of December 31, 2014:
	Structured notes	$	22,876			$	1,098			$	(3,188	)		$	20,786
	RMBS	1,896				—				(1,896		)		—
	Total	$	24,772			$	1,098			$	(5,084	)		$	20,786
Available-for-sale Securities	The following table summarizes RSO's investment securities, including those pledged as collateral and classified as available-for-sale, which are carried at fair value (in thousands):
		Amortized				Unrealized Gains				Unrealized Losses				Fair Value
		Cost (1)
	As of March 31, 2015:
	CMBS	$	188,052			$	6,450			$	(734	)		$	193,768
	RMBS	28,964				1,192				—				30,156
	ABS	45,889				12,233				(387		)		57,735
	Corporate bonds	2,417				14				(20		)		2,411
	Total	$	265,322			$	19,889			$	(1,141	)		$	284,070
	As of December 31, 2014:
	CMBS	$	168,669			$	4,938			$	(3,202	)		$	170,405
	RMBS	29,814				937				—				30,751
	ABS	55,617				16,876				(336		)		72,157
	Corporate bonds	2,415				10				(18		)		2,407
	Total	$	256,515			$	22,761			$	(3,556	)		$	275,720
	-1	As of March 31, 2015 and December 31, 2014, $162.0 million and $197.8 million, respectively, of investment securities available-for-sale were pledged as collateral under related financings.
	The following table summarizes RSO's sales of investment securities available-for-sale, (in thousands, except number of securities):
		For the Three Months Ended
		Positions		Par Amount Sold				Realized Gain (Loss)
		Sold
	31-Mar-15
	ABS	4		$	9.411			$	2.669
	31-Mar-14
	CMBS	3		$	12,500			$	(298	)
Estimated maturities of available for sale securities	The following table summarizes the estimated maturities of RSO’s CMBS, RMBS, ABS and corporate bonds according to their estimated weighted average life classifications (in thousands, except percentages):
	Weighted Average Life	Fair Value				Amortized Cost				Weighted Average Coupon
	As of March 31, 2015:
	Less than one year	$	84,119		(1)	$	82,983			4.97	%
	Greater than one year and less than five years	125,176				113,882				8.34	%
	Greater than five years and less than ten years	16,808				14,358				10.86	%
	Greater than ten years	57,967				54,099				6.5	%
	Total	$	284,070			$	265,322			7.12	%
	As of December 31, 2014:
	Less than one year	$	78,095		(1)	$	79,649			4.13	%
	Greater than one year and less than five years	115,302				100,909				4.64	%
	Greater than five years and less than ten years	20,177				17,516				16.45	%
	Greater than ten years	62,146				58,441				7.86	%
	Total	$	275,720			$	256,515			6.08	%
Unrealized Losses Along with the Related Fair Value, Aggregated by the Length of Time the Investments were in a Continuous Unrealized Loss Position	The following table shows the fair value, gross unrealized losses and number of securities aggregated by investment category and length of time, of those individual investment securities available-for-sale that have been in a continuous unrealized loss position during the periods specified (in thousands, except number of securities):
		Less than 12 Months											More than 12 Months											Total
		Fair Value				Unrealized				Number of Securities			Fair Value				Unrealized				Number of Securities			Fair Value				Unrealized				Number of Securities
						Losses											Losses											Losses
	As of March 31, 2015:
	CMBS	$	25,380			$	(220	)		19			$	16,396			$	(514	)		12			$	41,776			$	(734	)		31
	ABS	197				(1		)		1			1,388				(386		)		9			1,585				(387		)		10
	Corporate Bonds	1,447				(20		)		1			—				—				—			1,447				(20		)		1
	Total temporarily	$	27,024			$	(241	)		21			$	17,784			$	(900	)		21			$	44,808			$	(1,141	)		42
	impaired securities
	As of December 31, 2014:
	CMBS	$	35,860			$	(555	)		22			$	25,583			$	(2,647	)		13			$	61,443			$	(3,202	)		35
	ABS	1,000				(278		)		8			958				(58		)		3			1,958				(336		)		11
	Corporate Bonds	1,447				(18		)		1			—				—				—			1,447				(18		)		1
	Total temporarily	$	38,307			$	(851	)		31			$	26,541			$	(2,705	)		16			$	64,848			$	(3,556	)		47
	impaired securities
Schedule of Receivables with Imputed Interest	The following is a summary of RSO’s loans (in thousands):
	Loan Description		Principal				Unamortized (Discount) Premium (1)				Carrying
											Value (2)
	As of March 31, 2015:
	Commercial real estate loans:
	Whole loans		$	1,370,303			$	(7,921	)		$	1,362,382
	B notes		16,070				(39		)		16,031
	Mezzanine loans		67,535				(64		)		67,471
	Total commercial real estate loans		1,453,908				(8,024		)		1,445,884
	Bank loans		225,216				(899		)		224,317
	Middle market loans		295,478				(685		)		294,793
	Residential mortgage loans, held for investment		2,641				—				2,641
	Subtotal loans before allowances		1,977,243				(9,608		)		1,967,635
	Allowance for loan loss		(7,385		)		—				(7,385		)
	Total loans held for investment, net of allowances		1,969,858				(9,608		)		1,960,250
	Bank loans held-for-sale		73,892				—				73,892
	Residential mortgage loans held-for-sale, at fair value (3)		174,559				(197		)		174,362
	Total loans held-for-sale		248,451				(197		)		248,254
	Total loans, net		$	2,218,309			$	(9,805	)		$	2,208,504
	As of December 31, 2014:
	Commercial real estate loans:
	Whole loans		$	1,271,121			$	(7,529	)		$	1,263,592
	B notes		16,120				(48		)		16,072
	Mezzanine loans		67,446				(80		)		67,366
	Total commercial real estate loans		1,354,687				(7,657		)		1,347,030
	Bank loans		332,058				(1,410		)		330,648
	Middle market loans		250,859				(746		)		250,113
	Residential mortgage loans, held for investment		2,802				—				2,802
	Subtotal loans before allowances		1,940,406				(9,813		)		1,930,593
	Allowance for loan loss		(4,613		)		—				(4,613		)
	Total loans, net of allowances		1,935,793				(9,813		)		1,925,980
	Bank loans held-for-sale		282				—				282
	Residential mortgage loans held-for-sale, at fair value (3)		111,454				—				111,454
	Total loans held-for-sale		111,736				—				111,736
	Total loans, net		$	2,047,529			$	(9,813	)		$	2,037,716
	-1	Amounts include deferred amendment fees of $110,000 and $88,000 and deferred upfront fees of $68,000 and $82,000 being amortized over the life of the bank loans as of March 31, 2015 and December 31, 2014, respectively.  Amounts include loan origination fees of $8.0 million and $7.6 million as of March 31, 2015 and December 31, 2014, respectively.
	-2	Substantially all loans are pledged as collateral under various borrowings at March 31, 2015 and December 31, 2014, respectively.
	-3	Residential mortgage loans held for sale, at fair value consisted of $58.3 million and $116.1 million of agency-conforming and jumbo mortgage loans, respectively, as of March 31, 2015. Residential mortgage loans held for sale, at fair value consisted of $28.9 million and $82.6 million of agency-conforming and jumbo mortgage loans, respectively, as of December 31, 2014. Unamortized discount includes an unrealized mark to market loss of $197,000 as of March 31, 2015.
Schedule of Equity Method Investments	The following table shows RSO's investments in unconsolidated entities as of March 31, 2015 and December 31, 2014 and equity in net earnings (losses) of unconsolidated subsidiaries for the three months ended March 31, 2015 and 2014 (in thousands):
												Equity in Net Earnings (Losses) of Unconsolidated Subsidiary
				Balance as of				Balance as of				For the three months ended				For the three months ended
		Ownership %		March 31,				December 31, 2014				March 31,				March 31,
				2015								2015				2014
	Värde Investment Partners, L.P.	7.50%		$	654			$	654			$	—			$	(1	)
	RRE VIP Borrower, LLC (1)	3% to 5%		—				—				46				866
	Investment in LEAF Preferred Stock	28.40%		39,469				39,416				52				(594		)
	Investment in CVC Global Credit Opportunities Fund	20.60%		13,817				18,209				608				834
	Investment in Life Care Funding (2)	50.20%		—				—				—				(75		)
	Investment in School Lane House (1)			—				—				—				984
	Subtotal			53,940				58,279				706				2,014
	Investment in RCT I and II (3)	3%		1,548				1,548				593				589
	Investment in Preferred Equity (1)(4)			—				—				—				1,228
	Total			$	55,488			$	59,827			$	1,299			$	3,831
	-1	Investment in School Lane House, Investment in RRE VIP Borrower and the Investment in Preferred Equity were sold or repaid as of December 31, 2014.
	-2	In January 2013, Long Term Care Conversion ("LTCC") invested $2.0 million into Life Care Funding, LLC ("LCF") for the purpose of originating and acquiring life settlement contracts. In February 2014, RSO invested an additional $1.4 million which resulted in the consolidation of LCF during the first quarter of 2014. Ownership percentage represents ownership after consolidation.
	-3	For the three months ended March 31, 2015 and 2014, these amounts are recorded in interest expense on RSO's consolidated statements of income.
	(4) For the three months ended March 31, 2014, these amounts are recorded in interest income on loans on RSO's consolidated statements of income.
Summary of Activity in the Allowance for Credit Losses for the Company's Financing Receivables	The following tables show the allowance for loan losses and recorded investments in loans for the years indicated (in thousands):
		Commercial Real Estate Loans				Bank Loans				Middle Market Loans				Residential Mortgage Loans				Loans Receivable-Related Party				Total
	As of March 31, 2015:
	Allowance for Loan Losses:
	Allowance for losses at January 1, 2015	$	4,043			$	570			$	—			$	—			$	—			$	4,613
	Provision (recovery) for loan losses	—				1,415				2,566				197				(188		)		3,990
	Loans charged-off	—				(1,265		)		(54		)		(197		)		188				(1,328		)
	Recoveries	—				—				—				110				—				110
	Allowance for losses at March 31, 2015	$	4,043			$	720			$	2,512			$	110			$	—			$	7,385
	Ending balance:
	Individually evaluated for impairment	$	2,202			$	86			$	2,512			$	—			$	—			$	4,800
	Collectively evaluated for impairment	$	1,841			$	634			$	—			$	110			$	—			$	2,585
	Loans acquired with deteriorated credit quality	$	—			$	—			$	—			$	—			$	—			$	—
	Loans:
	Ending balance: (1)
	Individually evaluated for impairment	$	166,180			$	215			$	294,793			$	—			$	1,229			$	462,417
	Collectively evaluated for impairment	$	1,279,704			$	297,994			$	—			$	2,641			$	—			$	1,580,339
	Loans acquired with deteriorated credit quality	$	—			$	—			$	—			$	—			$	—			$	—
	As of December 31, 2014:
	Allowance for Loan Losses:
	Allowance for losses at January 1, 2014	$	10,416			$	3,391			$	—			$	—			$	—			$	13,807
	Provision for loan losses	(3,758		)		4,173				92				—				1,297				1,804
	Loans charged-off	(2,615		)		(6,994		)		(92		)		—				(1,297		)		(10,998		)
	Allowance for losses at December 31, 2014	$	4,043			$	570			$	—			$	—			$	—			$	4,613
	Ending balance:
	Individually evaluated for impairment	$	—			$	570			$	—			$	—			$	—			$	570
	Collectively evaluated for impairment	$	4,043			$	—			$	—			$	—			$	—			$	4,043
	Loans acquired with deteriorated credit quality	$	—			$	—			$	—			$	—			$	—			$	—
	Loans:
	Ending balance: (1)
	Individually evaluated for impairment	$	166,180			$	1,350			$	250,113			$	—			$	1,277			$	418,920
	Collectively evaluated for impairment	$	1,180,850			$	329,580			$	—			$	2,802			$	—			$	1,513,232
	Loans acquired with deteriorated credit quality	$	—			$	—			$	—			$	—			$	—			$	—
Financing Receivable Credit Quality Indicators	Credit risk profiles of middle market loans were as follows (in thousands):
		Rating 1				Rating 2				Rating 3				Rating 4				Rating 5				Held for Sale				Total
	As of March 31, 2015:
	Middle market loans	$	—			$	284,937			$	4,900			$	—			$	4,956			$	—			$	294,793
	As of December 31, 2014:
	Middle market loans	$	—			$	240,245			$	9,868			$	—			$	—			$	—			$	250,113
	Credit risk profiles of commercial real estate loans were as follows (in thousands):
		Rating 1				Rating 2				Rating 3				Rating 4				Held for Sale				Total
	As of March 31, 2015:
	Whole loans	$	1,329,882			$	32,500			$	—			$	—			$	—			$	1,362,382
	B notes	16,031				—				—				—				—				16,031
	Mezzanine loans	45,417				22,054				—				—				—				67,471
		$	1,391,330			$	54,554			$	—			$	—			$	—			$	1,445,884
	As of December 31, 2014:
	Whole loans	$	1,231,092			$	32,500			$	—			$	—			$	—			$	1,263,592
	B notes	16,072				—				—				—				—				16,072
	Mezzanine loans	45,432				21,934				—				—				—				67,366
		$	1,292,596			$	54,434			$	—			$	—			$	—			$	1,347,030
	Credit risk profiles of bank loans were as follows (in thousands):
		Rating 1				Rating 2				Rating 3				Rating 4				Rating 5				Held for Sale				Total
	As of March 31, 2015:
	Bank loans	$	200,966			$	16,081			$	5,257			$	1,798			$	215			$	73,892			$	298,209
	As of December 31, 2014:
	Bank loans	$	291,214			$	32,660			$	5,424			$	—			$	1,350			$	282			$	330,930
Aging of the Company's Past Due Financing Receivables, Gross of Allowances for Credit Losses	The following table shows the loan portfolio aging analysis as of the dates indicated at cost basis (in thousands):
		30-59				60-89				Greater				Total Past Due				Current				Total				Total Loans > 90 Days and Accruing
		Days				Days				than												Loans
										90 Days												Receivable
	As of March 31, 2015:
	Whole loans	$	—			$	—			$	—			$	—			$	1,362,382			$	1,362,382			$	—
	B notes	—				—				—				—				16,031				16,031				—
	Mezzanine loans	—				—				—				—				67,471				67,471				—
	Bank loans (1)	—				—				215				215				297,994				298,209				—
	Middle market loans	—				—				—				—				294,793				294,793				—
	Residential mortgage loans (2)	420				—				88				508				176,692				177,200				—
	Loans receivable-related party	—				—				—				—				1,229				1,229				—
	Total loans	$	420			$	—			$	303			$	723			$	2,216,592			$	2,217,315			$	—
	As of December 31, 2014:
	Whole loans	$	—			$	—			$	—			$	—			$	1,263,592			$	1,263,592			$	—
	B notes	—				—				—				—				16,072				16,072				—
	Mezzanine loans	—				—				—				—				67,366				67,366				—
	Bank loans (1)	—				—				1,350				1,350				329,580				330,930				—
	Middle market loans	—				—				—				—				250,113				250,113				—
	Residential mortgage loans (2)	443				82				119				644				113,612				114,256				—
	Loans receivable-related party	—				—				—				—				1,277				1,277				—
	Total loans	$	443			$	82			$	1,469			$	1,994			$	2,041,612			$	2,043,606			$	—
Information about Company's Impaired Financing Receivables	The following tables show impaired loans as of the dates indicated (in thousands):
		Recorded Balance				Unpaid Principal Balance				Specific Allowance				Average Investment in Impaired Loans				Interest Income Recognized
	As of March 31, 2015:
	Loans without a specific valuation allowance:
	Whole loans	$	128,108			$	128,108			$	—			$	130,445			$	13,617
	B notes	$	—			$	—			$	—			$	—			$	—
	Mezzanine loans	$	38,072			$	38,072			$	—			$	38,072			$	3,186
	Bank loans	$	—			$	—			$	—			$	—			$	—
	Middle market loans	$	—			$	—			$	—			$	—			$	—
	Residential mortgage loans	$	2,641			$	2,641			$	—			$	2,641			$	21
	Loans receivable - related party	$	—			$	—			$	—			$	—			$	—
	Loans with a specific valuation allowance:
	Whole loans	$	—			$	—			$	—			$	—			$	—
	B notes	$	—			$	—			$	—			$	—			$	—
	Mezzanine loans	$	—			$	—			$	—			$	—			$	—
	Bank loans	$	215			$	215			$	(86	)		$	—			$	—
	Middle market loans	$	4,956			$	4,956			$	(2,512	)		$	—			$	—
	Residential mortgage loans	$	—			$	—			$	—			$	—			$	—
	Loans receivable - related party	$	—			$	—			$	—			$	—			$	—
	Total:
	Whole loans	$	128,108			$	128,108			$	—			$	130,445			$	13,617
	B notes	—				—				—				—				—
	Mezzanine loans	38,072				38,072				—				38,072				3,186
	Bank loans	215				215				(86		)		—				—
	Middle market loans	4,956				4,956				(2,512		)		—				—
	Residential mortgage loans	2,641				2,641				—				2,641				21
	Loans receivable - related party	—				—				—				—				—
		$	173,992			$	173,992			$	(2,598	)		$	171,158			$	16,824
		Recorded Balance				Unpaid Principal Balance				Specific Allowance				Average Investment in Impaired Loans				Interest Income Recognized
	As of December 31, 2014:
	Loans without a specific valuation allowance:
	Whole loans	$	128,108			$	128,108			$	—			$	130,445			$	12,679
	B notes	$	—			$	—			$	—			$	—			$	—
	Mezzanine loans	$	38,072			$	38,072			$	—			$	38,072			$	2,859
	Bank loans	$	—			$	—			$	—			$	—			$	—
	Middle market loans	$	—			$	—			$	—			$	—			$	—
	Residential mortgage loans	$	2,082			$	2,082			$	—			$	2,082			$	148
	Loans receivable - related party	$	—			$	—			$	—			$	—			$	—
	Loans with a specific valuation allowance:
	Whole loans	$	—			$	—			$	—			$	—			$	—
	B notes	$	—			$	—			$	—			$	—			$	—
	Mezzanine loans	$	—			$	—			$	—			$	—			$	—
	Bank loans	$	1,350			$	1,350			$	(570	)		$	—			$	—
	Middle market loans	$	—			$	—			$	—			$	—			$	—
	Residential mortgage loans	$	—			$	—			$	—			$	—			$	—
	Loans receivable - related party	$	—			$	—			$	—			$	—			$	—
	Total:
	Whole loans	$	128,108			$	128,108			$	—			$	130,445			$	12,679
	B notes	—				—				—				—				—
	Mezzanine loans	38,072				38,072				—				38,072				2,859
	Bank loans	1,350				1,350				(570		)		—				—
	Middle market loans	—				—				—				—				—
	Residential mortgage loans	2,082				2,082				—				2,082				148
	Loans receivable - related party	—				—				—				—				—
		$	169,612			$	169,612			$	(570	)		$	170,599			$	15,686
Troubled Debt Restructurings on Financing Receivables	The following tables show troubled-debt restructurings in RSO's loan portfolio (in thousands):
		Number of Loans			Pre-Modification Outstanding Recorded Balance				Post-Modification Outstanding Recorded Balance
	Three Months Ended March 31, 2015:
	Whole loans	2			$	67,459			$	67,459
	B notes	—			—				—
	Mezzanine loans	—			—				—
	Bank loans	—			—				—
	Middle market loans	—			—				—
	Residential mortgage loans	—			—				—
	Loans receivable - related party	—			—				—
	Total loans	2			$	67,459			$	67,459
Schedule of Intangible Assets and Goodwill	The following table summarizes intangible assets (in thousands).
		Asset Balance				Accumulated Amortization				Net Asset
	As of March 31, 2015:
	Investment in RCAM	$	21,213			$	(12,223	)		$	8,990
	Investments in PCM:
	Wholesale or correspondent relationships	600				(361		)		239
	Total intangible assets	$	21,813			$	(12,584	)		$	9,229
	As of December 31, 2014:
	Investment in RCAM	$	21,213			$	(11,779	)		$	9,434
	Investments in PCM:
	Wholesale or correspondent relationships	600				(298		)		302
	Total intangible assets	$	21,813			$	(12,077	)		$	9,736
Schedule Loan Servicing Portfolio	The activity in the loan servicing portfolio associated with capitalized servicing rights consisted of (in thousands):
		March 31,				December 31,
		2015				2014
	Balance, beginning of period	$	894,767			$	433,153
	Additions	212,390				519,915
	Payoffs, sales and curtailments	53,151				(58,301		)
	Balance, end of period	$	1,160,308			$	894,767
	The activity in capitalized MSRs is recorded in other assets and consists of the followings (in thousands):
		March 31,				December 31,
		2015				2014
	Balance, beginning of period	$	9,374			$	4,885
	Amortization	(825		)		(1,957		)
	Additions	2,936				6,446
	Sales	—				—
	Balance, end of period	11,485				9,374
	Temporary fair value adjustment	(1,050		)		—
	Balance, end of period	$	10,435			$	9,374
Schedule of Servicing Fees	These cash flows include contractually specified servicing fees, late fees and other ancillary servicing revenue and were recorded within fee income as follows (in thousands):
		For the Three Months Ended
		March 31,
		2015				2014
	Servicing fees from capitalized portfolio	$	551			$	308
	Late fees	$	23			$	22
	Other ancillary servicing revenue	$	3			$	4
Debt and Credit Facilities	Certain information with respect to RSO’s borrowings is summarized in the following table (in thousands, except percentages):
		Principal Outstanding				Unamortized Issuance Costs and Discounts				Outstanding Borrowings				Weighted Average Borrowing Rate		Weighted Average Remaining Maturity		Value of Collateral
	As of March 31, 2015:
	RREF CDO 2006-1 Senior Notes	$	52,957			$	—			$	52,957			2.31%		31.4 years		$	130,727
	RREF CDO 2007-1 Senior Notes	131,780				63				131,717				1.14%		31.5 years		258,175
	RCC CRE Notes 2013 Senior Notes	182,040				2,493				179,547				2.28%		13.7 years		205,386
	RCC 2014-CRE2 Senior Notes	235,344				3,682				231,662				1.47%		17.1 years		349,063
	RCC 2015-CRE3 Senior Notes	282,127				4,116				278,011				2.07%		17.0 years		339,654
	Apidos CDO III Senior Notes	67,028				—				67,028				1.28%		5.5 years		78,957
	Apidos Cinco CDO Senior Notes	229,716				72				229,644				0.87%		5.1 years		252,826
	Moselle CLO S.A. Securitized Borrowings, at fair value (1)	120				—				120				N/A		N/A		537
	Unsecured Junior Subordinated Debentures (2)	51,548				292				51,256				4.21%		21.6 years		—
	6.0% Convertible Senior Notes	115,000				6,182				108,818				6.00%		3.7 years		—
	8% Convertible Senior Notes	100,000				7,052				92,948				8.00%		4.8 years		—
	CRE - Term Repurchase Facilities (3)	93,734				1,583				92,151				2.21%		18 days		135,951
	CMBS - Term Repurchase Facility (4)	29,391				—				29,391				1.37%		18 days		35,977
	Residential Investments - Term Repurchase Facility	104,547				125				104,422				2.43%		25 days		121,472
	Residential Mortgage Financing Agreements	74,648				—				74,648				2.78%		130 days		95,479
	CMBS - Short Term Repurchase Agreements (5)	67,785				—				67,785				1.63%		18 days		94,857
	Senior Secured Revolving Credit Agreement	135,000				2,507				132,493				2.68%		2.5 years		292,453
	Total	$	1,952,765			$	28,167			$	1,924,598			2.46%		10.8 years		$	2,391,514
		Principal Outstanding				Unamortized Issuance Costs and Discounts				Outstanding Borrowings				Weighted Average Borrowing Rate		Weighted Average Remaining Maturity		Value of Collateral
	As of December 31, 2014:
	RREF CDO 2006-1 Senior Notes	$	61,423			—				$	61,423			2.12%		31.6 years		$	139,242
	RREF CDO 2007-1 Senior Notes	130,340				133				130,207				1.19%		31.8 years		271,423
	RCC CRE Notes 2013 Senior Notes	226,840				2,683				224,157				2.11%		14.0 years		249,983
	RCC 2014-CRE2 Senior Notes	235,344				3,687				231,657				1.45%		17.3 years		346,585
	Apidos CDO III Senior Notes	74,646				—				74,646				1.18%		5.7 years		85,553
	Apidos Cinco CDO Senior Notes	255,664				201				255,463				0.81%		5.4 years		272,512
	Moselle CLO S.A. Senior Notes, at fair value (6)	63,321				—				63,321				1.49%		5.0 years		93,576
	Moselle CLO S.A. Securitized Borrowings, at fair value (1)	5,619				—				5,619				1.49%		5.0 years		—
	Unsecured Junior Subordinated Debentures (2)	51,548				343				51,205				4.19%		21.8 years		—
	6.0% Convertible Senior Notes	115,000				6,626				108,374				6.00%		3.9 years		—
	CRE - Term Repurchase Facilities (3)	207,640				1,958				205,682				2.43%		20 days		297,571
	CMBS - Term Repurchase Facility (4)	24,967				—				24,967				1.35%		20 days		30,180
	Residential Investments - Term Repurchase Facility (6)	22,248				36				22,212				1.16%		1 day		27,885
	Residential Mortgage Financing Agreements (7)	102,576				—				102,576				2.78%		207 days		147,472
	CMBS - Short Term Repurchase Agreements (5)	44,225				—				44,225				1.63%		17 days		62,446
	Senior Secured Revolving Credit Agreement	113,500				2,363				111,137				2.66%		2.7 years		262,687
	Total	$	1,734,901			$	18,030			$	1,716,871			2.09%		10.0 years		$	2,287,115
	-1	The securitized borrowings were collateralized by the same assets as the Moselle CLO Senior Notes.
	-2	Amount represents junior subordinated debentures issued to RCT I and RCT II in May 2006 and September 2006, respectively.
	-3	Amounts also include accrued interest expense of $75,000 and $198,000 related to CRE repurchase facilities as of March 31, 2015 and December 31, 2014, respectively.
	-4	Amounts also include accrued interest expense of $13,000 and $12,000 related to CMBS repurchase facilities as of March 31, 2015 and December 31, 2014, respectively. Amounts do not reflect CMBS repurchase agreement borrowings that are components of linked transactions as of December 31, 2014.
	-5	Amounts also includes accrued interest expense of $39,000 and $31,000 related to CMBS short term repurchase facilities as of March 31, 2015 and December 31, 2014.
	-6	The fair value option was elected for the borrowings associated with Moselle CLO. As such, the outstanding borrowings and principal outstanding amounts are stated at fair value. The unpaid principal amounts of these borrowings were $63.3 million at December 31, 2014
	-7	Amounts also includes interest expense of $20,000 related to residential investment repurchase facilities as of December 31, 2014.
Schedule of Securitizations	The following table sets forth certain information with respect to RSO's securitizations:
	Securitization		Closing Date		Maturity Dates		Reinvestment		Total Note
							Period End		Paydowns as of March 31, 2015
									(in millions)
	RREF CDO 2006-1 Senior Notes		Aug-06		Aug-46		Sep-11		$	194.2
	RREF CDO 2007-1 Senior Notes		Jun-07		Sep-46		Jun-12		$	209.2
	RCC CRE Notes 2013 Senior Notes		Dec-13		Dec-28		N/A		$	78.8
	RCC 2014-CRE2 Senior Notes		Jul-14		Apr-32		N/A		$	—
	RCC 2015-CRE3 Senior Notes		Feb-15		Mar-32		N/A		$	—
	Apidos CDO III Senior Notes		May-06		Sep-20		Jun-12		$	195.5
	Apidos Cinco CDO Senior Notes		May-07		May-20		May-14		$	92.3
	Moselle CLO S.A. Securitized Borrowings		Oct-05		Jan-20		Jan-12		$	5
Schedule of Short-term Debt	The following table sets forth certain information with respect to RSO's borrowings (dollars in thousands):
		March 31, 2015												December 31, 2014
		Outstanding Borrowings				Value of Collateral				Number of Positions as Collateral		Weighted Average Interest Rate		Outstanding Borrowings				Value of Collateral				Number of Positions as Collateral		Weighted Average Interest Rate
	CMBS Term Repurchase Facility
	Wells Fargo Bank	$	29,391			$	35,977			34		1.37%		$	24,967			$	30,180			33		1.35%
	CRE Term Repurchase Facilities
	Wells Fargo Bank (1)	92,296				135,951				5		2.21%		179,762				258,223				15		2.38%
	Deutsche Bank AG (2)	(145		)		—				—		—%		25,920				39,348				2		2.78%
	Short-Term Repurchase Agreements - CMBS
	Deutsche Bank Securities, LLC	53,249				70,928				8		1.62%		33,783				44,751				8		1.62%
	Wells Fargo Securities, LLC	14,536				23,929				1		1.59%		10,442				17,695				1		1.66%
	Residential Investment Term Repurchase Facility
	Wells Fargo Bank (3)	104,422				121,472				146		2.43%		22,212				27,885				6		1.16%
	Residential Mortgage Financing Agreements
	New Century Bank	46,419				53,689				231		2.80%		41,387				51,961				158		2.82%
	Wells Fargo Bank	28,229				41,790				78		2.75%		61,189				95,511				104		2.75%
	Totals	$	368,397			$	483,736							$	399,662			$	565,554
	-1	The Wells Fargo CRE term repurchase facility borrowing includes $1.4 million and $1.7 million of deferred debt issuance costs as of March 31, 2015 and December 31, 2014, respectively.
	-2	The Deutsche Bank term repurchase facility includes $145,000 and $268,000 of deferred debt issuance costs as of March 31, 2015 and December 31, 2014, respectively.
	-3	The Wells Fargo resident investments term repurchase facility includes $125,000 and $36,000 of deferred debt issuance costs as of March 31, 2015
Schedule of Linked Transactions	The assets in the following table were accounted for as linked transactions as of December 31, 2014 (in thousands). These linked repurchase agreements are not included in borrowings on RSO consolidated balance sheets.
			As of December 31, 2014
			Borrowings				Value of Collateral				Number		Weighted Average
			Under Linked				Under Linked				of Positions		Interest Rate
			Transactions (1)				Transactions				as Collateral		of Linked
											Under Linked		Transactions
											Transactions
	CMBS Term
	Repurchase Facility
	Wells Fargo Bank		$	4,941			$	6,371			7		1.67%
	Short-Term Repurchase
	Agreements - CMBS
	JP Morgan Securities, LLC		—				—				—		—%
	Wells Fargo Securities, LLC		4,108				6,233				2		1.37%
	Deutsche Bank Securities, LLC		24,348				36,001				10		1.57%
	Totals		$	33,397			$	48,605
Schedule of Amount at Risk under Credit Facility	The assets in the following table were accounted for as linked transactions as of December 31, 2014 (in thousands). These linked repurchase agreements are not included in borrowings on RSO consolidated balance sheets.
			As of December 31, 2014
			Borrowings				Value of Collateral				Number		Weighted Average
			Under Linked				Under Linked				of Positions		Interest Rate
			Transactions (1)				Transactions				as Collateral		of Linked
											Under Linked		Transactions
											Transactions
	CMBS Term
	Repurchase Facility
	Wells Fargo Bank		$	4,941			$	6,371			7		1.67%
	Short-Term Repurchase
	Agreements - CMBS
	JP Morgan Securities, LLC		—				—				—		—%
	Wells Fargo Securities, LLC		4,108				6,233				2		1.37%
	Deutsche Bank Securities, LLC		24,348				36,001				10		1.57%
	Totals		$	33,397			$	48,605
	The following table shows information about the amount at risk under the repurchase facilities (dollars in thousands):
		Amount				Weighted Average Maturity in Days		Weighted Average Interest Rate
		at Risk (1)
	As of March 31, 2014:
	CMBS Term Repurchase Facility
	Wells Fargo Bank, National Association	$	6,176			18		1.37%
	RMBS Term Repurchase Facility
	Wells Fargo Bank, National Association	$	16,804			25		2.43%
	CRE Term Repurchase Facilities
	Wells Fargo Bank, National Association	$	42,763			18		2.21%
	Short-Term Repurchase Agreements - CMBS
	Wells Fargo Securities, LLC	$	8,964			6		1.59%
	Deutsche Bank Securities, LLC	$	17,452			21		1.62%
	Residential Mortgage Financing Agreements
	Wells Fargo Bank	$	13,561			93		2.75%
	New Century Bank	$	7,270			152		2.80%
	As of December 31, 2014:
	CMBS Term Repurchase Facility
	Wells Fargo Bank, National Association	$	6,486			20		1.35%
	Residential Investment Term Repurchase Facility
	Wells Fargo Bank, National Association	$	5,017			1		1.16%
	CRE Term Repurchase Facilities
	Wells Fargo Bank, National Association	$	76,148			20		2.38%
	Deutsche Bank Securities, LLC	$	13,017			19		2.78%
	Short-Term Repurchase Agreements - CMBS
	Wells Fargo Securities, LLC	$	2,127			9		1.66%
	Deutsche Bank Securities, LLC	$	11,810			20		1.62%
	Residential Mortgage Financing Agreements
	New Century Bank	$	853			242		2.82%
	Wells Fargo Bank	$	6,902			183		2.75%
	-1	Equal to the estimated fair value of securities or loans sold, plus accrued interest income, minus the sum of repurchase agreement liabilities plus accrued interest expense.
Company's Asset Recorded at Fair Value on Recurring Basis	The following table presents information about RSO’s assets and liabilities measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques utilized by RSO to determine such fair value as follows (in thousands):
		Level 1				Level 2				Level 3				Total
	As of March 31, 2015
	Assets:
	Investment securities, trading	$	—			$	—			$	29,770			$	29,770
	Investment securities available-for-sale	—				32,567				251,503				284,070
	Derivatives (net)	7,015				384				6,636				14,035
	Total assets at fair value	$	7,015			$	32,951			$	287,909			$	327,875
	Liabilities:
	Derivatives (net)	$	—			$	1,319			$	7,541			$	8,860
	Total liabilities at fair value	$	—			$	1,319			$	7,541			$	8,860
	As of December 31, 2014
	Assets:
	Investment securities, trading	$	—			$	—			$	20,786			$	20,786
	Investment securities available-for-sale	—				33,158				242,562				275,720
	CMBS - linked transactions	—				—				15,367				15,367
	Derivatives (net)	3,429				7				1,868				5,304
	Total assets at fair value	$	3,429			$	33,165			$	280,583			$	317,177
	Liabilities:
	Moselle CLO Notes	$	—			$	—			$	68,940			$	68,940
	Derivatives (net)	$	—			$	—			$	8,476			$	8,476
	Total liabilities at fair value	$	—			$	—			$	77,416			$	77,416
Additional Information about Assets Measured at Fair Value on Recurring Basis for which the Company Has Utilized Level 3 Inputs to Determine Fair Value	The following table presents additional information about assets which are measured at fair value on a recurring basis for which RSO has utilized Level 3 inputs (in thousands):
		CMBS Including Linked Transactions				ABS				Structured Finance Securities				Warrant				Interest Rate Lock Commitments				Total
	Beginning balance, January 1, 2015	$	185,772			$	72,157			$	20,786			$	898			$	970			$	280,583
	Included in earnings	—				1,255				1,331				(39		)		11,823				14,370
	Unlined transactions	33,239				—				—				—				—				33,239
	Purchases	4,000				—				13,337				—				—				17,337
	Sales	—				—				(5,230		)		—				—				(5,230		)
	Paydowns	(30,983		)		(720		)		(454		)		—				—				(32,157		)
	Issuances	—				—				—				—				—				—
	Settlements	—				(11,216		)		—				—				(10,032		)		(21,248		)
	Included in OCI	1,740				(4,597		)		—				—				—				(2,857		)
	Transfers into Level 3	—				856				—				—				—				856
	Ending balance, March 31, 2015	$	193,768			$	57,735			$	29,770			$	859			$	2,761			$	284,893
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table presents additional information about liabilities that are measured at fair value on a recurring basis for which RSO has utilized Level 3 inputs (in thousands):
		Interest rate swaps
	Beginning balance, January 1, 2015	$	8,680
	Unrealized gains - included in accumulated other comprehensive income	(1,142		)
	Included in earnings	—
	Ending balance, March 31, 2015	$	7,538
Changes in Carrying Value of Assets and Liabilities Measured at Fair Value on Non-recurring Basis	The following table summarizes the financial assets and liabilities measured at fair value on a nonrecurring basis and indicates the fair value hierarchy of the valuation techniques utilized by RSO to determine such fair value as follows (in thousands):
		Level 1				Level 2				Level 3				Total
	As of March 31, 2015:
	Assets:
	Loans held for sale	$	—			$	73,892			$	—			$	73,892
	Impaired loans	—				2,445				—				2,445
	Total assets at fair value	$	—			$	76,337			$	—			$	76,337
	As of December 31, 2014:
	Assets:
	Loans held for sale	$	—			$	36,956			$	—			$	36,956
	Impaired loans	—				1,678				137,811				139,489
	Total assets at fair value	$	—			$	38,634			$	137,811			$	176,445
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques	For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of March 31, 2015, the significant unobservable inputs used in the fair value measurements were as follows (in thousands):
		Fair Value at				Valuation Technique		Significant		Significant
		31-Mar-15						Unobservable Inputs		Unobservable
										Input Value
	Interest rate swap agreements	$	7,538			Discounted cash flow		Weighted average credit spreads		4.78	%
Fair Value of Financial Instruments	The fair values of RSO’s remaining financial instruments that are not reported at fair value on their consolidated balance sheets are reported in the following table (in thousands):
						Fair Value Measurements
		Carrying Amount				Fair Value				Quoted Prices in Active Markets for Identical Assets of Liabilities (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
	As of March 31, 2015:
	Loans held-for-investment	$	1,960,250			$	1,951,974			$	—			$	515,227			$	1,436,747
	Loans receivable-related party	$	1,229			$	1,229			$	—			$	—			$	1,229
	CDO notes	$	1,770,686			$	1,098,171			$	—			$	—			$	1,098,171
	Junior subordinated notes	$	51,256			$	17,750			$	—			$	—			$	17,750
	Repurchase agreements	$	368,397			$	368,397			$	—			$	—			$	368,397
	Senior secured revolving credit agreement	$	132,493			$	132,493			$	—			$	—			$	132,493
	As of December 31, 2014:
	Loans held-for-investment	$	1,925,980			$	1,909,019			$	—			$	570,071			$	1,338,948
	Loans receivable-related party	$	1,277			$	1,277			$	—			$	—			$	1,277
	CDO notes	$	1,046,493			$	975,762			$	—			$	—			$	975,762
	Junior subordinated notes	$	51,205			$	17,699			$	—			$	—			$	17,699
	Repurchase agreements	$	399,662			$	399,662			$	—			$	—			$	399,662
	Senior secured revolving credit agreement	$	111,137			$	111,137			$	—			$	—			$	111,137

NATURE_OF_OPERATIONS_Details

NATURE OF OPERATIONS (Details) (USD $)	3 Months Ended	0 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015	Apr. 17, 2012	Nov. 16, 2011
	company
	Tenant_in_Common
Variable Interest Entity [Line Items]
Preferred equity interest retained as a percentage of incentive management fees	75.00%
Resource Capital Partners Inc [Member]
Variable Interest Entity [Line Items]
Number of Tenant in Common Programs, Capital Improvements	6
Number of Limited Liability Corporation	1
Resource Financial Institutions Group, Inc. [Member]
Variable Interest Entity [Line Items]
Number of Partnerships in Which the Company Serves as General Partner	7
LEAF Financial Corporation [Member]
Variable Interest Entity [Line Items]
Number of Real Estate Investments Managed by Related Parties	2
Parent Company [Member]
Variable Interest Entity [Line Items]
Proceeds from Divestiture of Interest in Consolidated Subsidiaries		$25
Number of shares retained by the entity			18,414
Fully Diluted Potential Percentage Of Interest In Entity From Warrants	13.20%		15.70%
LEAF Senior Management [Member]
Variable Interest Entity [Line Items]
Fully Diluted Potential Percentage Of Interest In Entity From Warrants	8.30%		10.00%
Real Estate Limited Partnership [Member] | Resource Capital Partners Inc [Member]
Variable Interest Entity [Line Items]
Number of Partnerships in Which the Company Serves as General Partner	8
Limited Partner [Member] | CVC Credit Partners, L.P. [Member] | Parent Company [Member]
Variable Interest Entity [Line Items]
Percentage interest in limited partnership formed		33.00%
General Partner [Member] | Parent Company [Member]
Variable Interest Entity [Line Items]
Preferred equity interest retained as a percentage of incentive management fees		75.00%
General Partner [Member] | CVC Credit Partners, L.P. [Member] | Parent Company [Member]
Variable Interest Entity [Line Items]
Percentage Interest In General Partnership Formed		33.00%

CONSOLIDATING_FINANCIAL_INFORM2

CONSOLIDATING FINANCIAL INFORMATION (Consolidating Balance Sheet) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets:
Cash	$24,909	$27,542	$17,210	$19,853
Loans and receivables from managed entities and related parties, net	26,787	30,303
Investments in real estate, net	16,833	17,097
Investment securities, at fair value	9,785	9,540
Investments in unconsolidated entities	13,105	13,089
Assets of consolidated variable interest entity (VIE)-RSO (see Note 19):
Total assets	3,102,307	2,900,842	2,509,891
Liabilities:
Payables to managed entities and related parties	2,165	3,015
Borrowings	21,174	20,412
Liabilities of consolidated VIE-RSO:
Borrowings	21,174	20,412
Total liabilities	2,027,109	1,820,399
Preferred stock	0	0
Common stock	338	335
Additional paid-in capital	308,877	308,134
Accumulated deficit	-24,632	-23,663
Treasury stock, at cost	-122,305	-120,182
Accumulated other comprehensive loss	-1,139	-1,030
Total stockholders’ equity	161,139	163,594
Total equity	1,075,198	1,080,443
Total liabilities and equity	3,102,307	2,900,842
Reportable Legal Entities [Member]
Assets of consolidated variable interest entity (VIE)-RSO (see Note 19):
Total assets	169,661		168,556
Consolidation, Eliminations [Member]
Assets:
Cash	0	0
Assets of consolidated variable interest entity (VIE)-RSO (see Note 19):
Total assets	-33,961
Liabilities of consolidated VIE-RSO:
Total liabilities	-2,910
Total equity	-31,051
Total liabilities and equity	-33,961
RAI [Member]
Assets:
Cash	24,909	27,542
Restricted cash	798	725
Receivables	714	636
Loans and receivables from managed entities and related parties, net	26,787	30,303
Investments in real estate, net	16,833	17,097
Investment securities, at fair value	9,785	9,540
Investments in unconsolidated loan manager	40,292	39,655
Investments in unconsolidated entities	13,105	13,089
Assets of consolidated variable interest entity (VIE)-RSO (see Note 19):
Property and equipment, net	5,739	5,063
Deferred tax assets, net	22,015	23,304
Other assets	8,684	5,416
Liabilities:
Accrued expenses and other liabilities	21,631	22,279
Payables to managed entities and related parties	2,165	3,015
Borrowings	21,174	20,412
Liabilities of consolidated VIE-RSO:
Borrowings	21,174	20,412
Preferred stock	0
Common stock	338
Additional paid-in capital	308,877
Accumulated deficit	-24,632
Treasury stock, at cost	-122,305
Accumulated other comprehensive loss	-1,139
Total stockholders’ equity	161,139
Noncontrolling interests	313	306
RAI [Member] | Reportable Legal Entities [Member]
Assets:
Cash	24,909	27,542
Restricted cash	798
Receivables	868
Loans and receivables from managed entities and related parties, net	29,317
Investments in real estate, net	16,833
Investment securities, at fair value	22,777
Investments in unconsolidated loan manager	40,292
Investments in unconsolidated entities	20,668
Assets of consolidated variable interest entity (VIE)-RSO (see Note 19):
Property and equipment, net	5,739
Deferred tax assets, net	32,177
Other assets	8,684
Total assets	203,062
Liabilities:
Accrued expenses and other liabilities	21,631
Payables to managed entities and related parties	2,167
Borrowings	21,732
Liabilities of consolidated VIE-RSO:
Borrowings	21,732
Total liabilities	45,530
Preferred stock	0
Common stock	338
Additional paid-in capital	308,877
Accumulated deficit	-17,211
Treasury stock, at cost	-122,305
Accumulated other comprehensive loss	-12,480
Total stockholders’ equity	157,219
Noncontrolling interests	313
Total equity	157,532
Total liabilities and equity	203,062
RAI [Member] | Consolidation, Eliminations [Member]
Assets:
Cash	0
Restricted cash	0
Receivables	-154
Loans and receivables from managed entities and related parties, net	-2,530
Investments in real estate, net	0
Investment securities, at fair value	-12,992
Investments in unconsolidated loan manager	0
Investments in unconsolidated entities	-7,563
Assets of consolidated variable interest entity (VIE)-RSO (see Note 19):
Property and equipment, net	0
Deferred tax assets, net	-10,162
Other assets	0
Liabilities:
Accrued expenses and other liabilities	0
Payables to managed entities and related parties	-2
Borrowings	-558
Liabilities of consolidated VIE-RSO:
Borrowings	-558
Preferred stock	0
Common stock	0
Additional paid-in capital	0
Accumulated deficit	-7,421
Treasury stock, at cost	0
Accumulated other comprehensive loss	11,341
Total stockholders’ equity	3,920
Noncontrolling interests	0
RSO [Member]
Assets:
Investment securities, at fair value	313,840	296,506
Assets of consolidated variable interest entity (VIE)-RSO (see Note 19):
Cash and cash equivalents (including restricted cash)	244,129	202,043
Loans	2,209,175	2,038,435
Investments in real estate and unconsolidated entities	55,668	60,007
Other assets	109,834	131,481
Total assets	2,932,646		2,341,335
Liabilities:
Borrowings	1,924,932	1,717,132
Liabilities of consolidated VIE-RSO:
Borrowings	1,924,932	1,717,132
Other liabilities	57,207	57,561
Total liabilities	1,982,139
Noncontrolling interests	913,746	916,543
RSO [Member] | Reportable Legal Entities [Member]
Assets:
Cash	0	0
Investment securities, at fair value	313,840
Assets of consolidated variable interest entity (VIE)-RSO (see Note 19):
Cash and cash equivalents (including restricted cash)	244,129
Loans	2,209,733
Investments in real estate and unconsolidated entities	55,668
Other assets	109,836
Total assets	2,933,206
Liabilities:
Borrowings	1,924,598
Liabilities of consolidated VIE-RSO:
Borrowings	1,924,598
Other liabilities	59,891
Total liabilities	1,984,489
Noncontrolling interests	948,717
Total equity	948,717
Total liabilities and equity	2,933,206
RSO [Member] | Consolidation, Eliminations [Member]
Assets:
Investment securities, at fair value	0
Assets of consolidated variable interest entity (VIE)-RSO (see Note 19):
Cash and cash equivalents (including restricted cash)	0
Loans	-558
Investments in real estate and unconsolidated entities	0
Other assets	-2
Total assets	-560
Liabilities:
Borrowings	334
Liabilities of consolidated VIE-RSO:
Borrowings	334
Other liabilities	-2,684
Total liabilities	-2,350
Noncontrolling interests	($34,971)

CONSOLIDATING_FINANCIAL_INFORM3

CONSOLIDATING FINANCIAL INFORMATION (Consolidating Statements of Operations) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
REVENUES:
Revenues from external customers	$42,189	$42,616
COSTS AND EXPENSES:
General and administrative	3,297	3,154
Provision for credit losses	402	1,208
Depreciation and amortization	457	451
Costs and expenses	36,916	26,646
OPERATING INCOME	5,273	15,970
Interest expense	-421	-483
Other income (expense), net	16,363	3,699
Total other revenue (expense)	15,942	3,216
Income from continuing operations before taxes	21,215	19,186
Income tax provision	3,091	1,085
Net income	18,124	18,101
Net income attributable to common shareholders	337	990
Intersegment Eliminations [Member]
REVENUES:
Revenues from external customers	-4,273	-2,880
COSTS AND EXPENSES:
Costs and expenses	-3,368	-2,819
Other income (expense), net	11
Total other revenue (expense)		18
Consolidation, Eliminations [Member]
REVENUES:
Revenues from external customers	-4,273	-2,880
COSTS AND EXPENSES:
General and administrative	0	0
Provision for credit losses	0	0
Depreciation and amortization	0	0
Costs and expenses	-3,368	-2,819
OPERATING INCOME	-905	-61
Interest expense	0	0
Other income (expense), net	-467	-554
Total other revenue (expense)	-467	-554
Income from continuing operations before taxes	-1,372	-615
Income tax provision	0	0
Net income	-1,372	-615
Net income attributable to common shareholders	-10,599	-15,422
RAI [Member]
REVENUES:
Real estate	16,966	13,275
Financial fund management	5,137	7,075
Commercial finance	-2	-99
Revenues from external customers	22,101	20,251
COSTS AND EXPENSES:
Real estate	11,499	8,875
Financial fund management	2,990	4,389
Commercial finance	579	103
General and administrative	3,297	3,154
Provision for credit losses	402	1,208
Depreciation and amortization	457	451
Costs and expenses	19,224	18,180
Interest expense	-421	-483
Other income (expense), net	-164	165
Income tax provision	1,244	1,069
Net loss attributable to noncontrolling interests	8	40
RAI [Member] | Reportable Legal Entities [Member]
REVENUES:
Real estate	16,966	13,275
Financial fund management	5,137	7,075
Commercial finance	-2	-99
Revenues from external customers	22,101	20,251
COSTS AND EXPENSES:
Real estate	11,499	8,875
Financial fund management	2,990	4,389
Commercial finance	579	103
General and administrative	3,297	3,154
Provision for credit losses	402	1,208
Depreciation and amortization	457	451
Costs and expenses	19,224	18,180
OPERATING INCOME	2,877	2,071
Interest expense	-421	-483
Other income (expense), net	314	737
Total other revenue (expense)	-107	254
Income from continuing operations before taxes	2,770	2,325
Income tax provision	1,244	1,069
Net income	1,526	1,256
Net loss attributable to noncontrolling interests	8	40
Net income attributable to common shareholders	1,534	1,296
RAI [Member] | Consolidation, Eliminations [Member]
COSTS AND EXPENSES:
Interest expense		0
Other income (expense), net	-478	-572
RSO [Member]
REVENUES:
Real estate	2,752	2,683
Financial fund management	1,437	207
Revenues from external customers	24,361	25,245
COSTS AND EXPENSES:
Costs and expenses	21,060	11,285
Expenses of consolidated VIE - RSO	21,060
Other income (expense), net	16,516	3,516
Income tax provision	1,847	16
Net loss attributable to noncontrolling interests	-17,795	-17,151
RSO [Member] | Reportable Legal Entities [Member]
REVENUES:
Revenues from external customers	24,361	25,245
COSTS AND EXPENSES:
General and administrative	0	0
Provision for credit losses	0	0
Depreciation and amortization	0	0
Costs and expenses	21,060	11,285
Expenses of consolidated VIE - RSO	21,060
OPERATING INCOME	3,301	13,960
Interest expense	0	0
Other income (expense), net	16,516	3,516
Total other revenue (expense)	16,516	3,516
Income from continuing operations before taxes	19,817	17,476
Income tax provision	1,847	16
Net income	17,970	17,460
Net loss attributable to noncontrolling interests	-8,568	-2,344
Net income attributable to common shareholders	9,402	15,116
RSO [Member] | Consolidation, Eliminations [Member]
COSTS AND EXPENSES:
Costs and expenses
Expenses of consolidated VIE - RSO	0
Net loss attributable to noncontrolling interests	($9,227)	($14,807)

CONSOLIDATING_FINANCIAL_INFORM4

CONSOLIDATING FINANCIAL INFORMATION (Consolidating Statements of Cash Flows) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$18,124,000	$18,101,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	475,000
Provision for credit losses	402,000	1,208,000
Equity in earnings of unconsolidated entities	-1,844,000	-631,000
Distributions from unconsolidated entities	2,151,000
Loss (gain) on sales of investment securities, net	15,000
Deferred income tax provision	1,339,000
Equity-based compensation issued	744,000
Changes in operating assets and liabilities	-1,532,000
Net cash (used in) provided by operating activities	-125,861,000	113,880,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	-997,000
Principal payments on leases and loans	3,000
Investments in real estate and unconsolidated real estate entities	-21,000
Purchase of loans and investments	-1,321,000
Net cash used in investing activities	-24,583,000	-119,801,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings	881,000
Principal payments on borrowings	-120,000
Dividends paid	-1,312,000
Proceeds from issuance of common stock	1,000
Repurchases of common stock	-2,108,000
Increase in restricted cash	-74,000
Net cash provided by financing activities	147,811,000	3,278,000
Decrease in cash	-2,633,000	-2,643,000
Cash, beginning of year	27,542,000	19,853,000
Cash, end of period	24,909,000	17,210,000
Consolidation, Eliminations [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	-1,372,000	-615,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	0
Provision for credit losses	0	0
Equity in earnings of unconsolidated entities	821,000	0
Distributions from unconsolidated entities	0
Loss (gain) on sales of investment securities, net	0
Deferred income tax provision	0
Equity-based compensation issued	0
Changes in operating assets and liabilities	0
Adjustments to reconcile net income and operating cash flows to net income of consolidated VIE-RSO	-27,000
Net cash (used in) provided by operating activities	-578,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	0
Investments in real estate and unconsolidated real estate entities	0
Purchase of loans and investments	0
Principal payments and proceeds from sales of loans and securities by consolidated VIE-RSO	0
Increase in restricted cash of consolidated VIE-RSO	0
Other investing activity of consolidated VIE-RSO	0
Net cash used in investing activities	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings	0
Principal payments on borrowings	0
Net borrowings of debt by consolidated VIE-RSO	0
Dividends paid	0
Dividends paid on common stock by consolidated VIE-RSO	478,000
Proceeds from issuance of common stock	0
Other	100,000
Net cash provided by financing activities	578,000
Decrease in cash	0
Cash, beginning of year	0
Cash, end of period	0
RAI [Member]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	475,000	494,000
Provision for credit losses	402,000	1,208,000
Equity in earnings of unconsolidated entities	-1,844,000	-631,000
Distributions from unconsolidated entities	2,151,000	1,510,000
Loss (gain) on sales of investment securities, net	15,000	-188,000
Deferred income tax provision	1,339,000	1,069,000
Equity-based compensation issued	744,000	404,000
Changes in operating assets and liabilities	-1,532,000	-4,980,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	-997,000	-42,000
Principal payments on leases and loans	-3,000	0
Investments in real estate and unconsolidated real estate entities	-21,000	-79,000
Purchase of loans and investments	-1,321,000	-678,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings	881,000	0
Principal payments on borrowings	-120,000	-117,000
Dividends paid	-1,312,000	-980,000
Proceeds from issuance of common stock	1,000	0
Repurchases of common stock	-2,108,000	0
Other	0	-56,000
Cash, beginning of year	27,542,000
Cash, end of period	24,909,000
RAI [Member] | Reportable Legal Entities [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	1,526,000	1,256,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	475,000
Provision for credit losses	402,000	1,208,000
Equity in earnings of unconsolidated entities	-2,665,000	-631,000
Distributions from unconsolidated entities	2,151,000
Loss (gain) on sales of investment securities, net	15,000
Deferred income tax provision	1,339,000
Equity-based compensation issued	744,000
Changes in operating assets and liabilities	-1,532,000
Adjustments to reconcile net income and operating cash flows to net income of consolidated VIE-RSO	0
Net cash (used in) provided by operating activities	2,435,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	-997,000
Principal payments on leases and loans	3,000
Investments in real estate and unconsolidated real estate entities	-21,000
Purchase of loans and investments	-1,321,000
Principal payments and proceeds from sales of loans and securities by consolidated VIE-RSO	0
Increase in restricted cash of consolidated VIE-RSO	0
Other investing activity of consolidated VIE-RSO	0
Net cash used in investing activities	-2,336,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings	881,000
Principal payments on borrowings	-120,000
Net borrowings of debt by consolidated VIE-RSO	0
Dividends paid	-1,312,000
Dividends paid on common stock by consolidated VIE-RSO	0
Proceeds from issuance of common stock	1,000
Repurchases of common stock	-2,108,000
Increase in restricted cash	-74,000
Net cash provided by financing activities	-2,732,000
Decrease in cash	-2,633,000
Cash, beginning of year	27,542,000
Cash, end of period	24,909,000
RAI [Member] | Consolidation, Eliminations [Member]
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash, end of period	0
RSO [Member]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Adjustments to reconcile net income and operating cash flows to net income of consolidated VIE-RSO	-145,715,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of loans and investments	-211,983,000	-217,701,000
Principal payments and proceeds from sales of loans and securities by consolidated VIE-RSO	153,189,000	136,561,000
Increase in restricted cash of consolidated VIE-RSO	33,230,000	-12,849,000
Other investing activity of consolidated VIE-RSO	3,317,000	-25,013,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Net borrowings of debt by consolidated VIE-RSO	184,202,000	16,209,000
Dividends paid on common stock by consolidated VIE-RSO	-26,085,000	-24,964,000
Proceeds from issuance of common stock	3,103,000	15,660,000
Other	-10,677,000	-2,474,000
RSO [Member] | Reportable Legal Entities [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	17,970,000	17,460,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	0
Provision for credit losses	0	0
Equity in earnings of unconsolidated entities	0	0
Distributions from unconsolidated entities	0
Loss (gain) on sales of investment securities, net	0
Deferred income tax provision	0
Equity-based compensation issued	0
Changes in operating assets and liabilities	0
Adjustments to reconcile net income and operating cash flows to net income of consolidated VIE-RSO	-145,688,000
Net cash (used in) provided by operating activities	-127,718,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	0
Investments in real estate and unconsolidated real estate entities	0
Purchase of loans and investments	-211,983,000
Principal payments and proceeds from sales of loans and securities by consolidated VIE-RSO	153,189,000
Increase in restricted cash of consolidated VIE-RSO	33,230,000
Other investing activity of consolidated VIE-RSO	3,317,000
Net cash used in investing activities	-22,247,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings	0
Principal payments on borrowings	0
Net borrowings of debt by consolidated VIE-RSO	184,202,000
Dividends paid	0
Dividends paid on common stock by consolidated VIE-RSO	-26,563,000
Proceeds from issuance of common stock	3,103,000
Other	-10,777,000
Net cash provided by financing activities	149,965,000
Decrease in cash	0
Cash, beginning of year	0
Cash, end of period	$0

SUPPLEMENTAL_CASH_FLOW_INFORMA2

SUPPLEMENTAL CASH FLOW INFORMATION (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash (paid) received:
Interest	($399)	($409)
Income tax payments	-65	-176
Refund of income taxes	44	47
Dividends declared per common share	$0.06	$0.05
Non-cash activities:
Repurchase of common stock from employees in exchange for the payment of income taxes	165	207
Issuance of treasury stock for the Company's investment savings 401(k) plan	$150	$178

FINANCING_RECEIVABLES_Past_Due

FINANCING RECEIVABLES (Past Due Financing Receivables) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Aging of the Company's past due financing receivables, gross of allowances for credit losses
Current	$7,559	$10,305
30-89 Days Past Due	1,801	1,199
90-180 Days Past Due	1,546	2,339
Greater than 181 Days	33,358	33,538
Total Past Due	36,705	37,076
Total	44,264	47,381
Commercial finance investment entities [Member]
Aging of the Company's past due financing receivables, gross of allowances for credit losses
Current	6	9
30-89 Days Past Due	344	342
90-180 Days Past Due	1,131	1,124
Greater than 181 Days	18,503	18,398
Total Past Due	19,978	19,864
Total	19,984	19,873
Allowance for credit losses, commercial finance	17,200	17,000
Real Estate Limited Partnership [Member]
Aging of the Company's past due financing receivables, gross of allowances for credit losses
Allowance for credit losses, commercial finance	113
Real estate investment entities [Member]
Aging of the Company's past due financing receivables, gross of allowances for credit losses
Current	3,845	6,613
30-89 Days Past Due	1,380	772
90-180 Days Past Due	384	1,214
Greater than 181 Days	14,831	15,134
Total Past Due	16,595	17,120
Total	20,440	23,733
Financial fund management entities [Member]
Aging of the Company's past due financing receivables, gross of allowances for credit losses
Current	981	583
30-89 Days Past Due	57	74
90-180 Days Past Due	31	0
Greater than 181 Days	24	6
Total Past Due	112	80
Total	1,093	663
Other [Member]
Aging of the Company's past due financing receivables, gross of allowances for credit losses
Current	2,629	3,024
30-89 Days Past Due	0	0
90-180 Days Past Due	0	0
Greater than 181 Days	0	0
Total Past Due	0	0
Total	2,629	3,024
Receivables from Managed Entities and Related Parties [Member]
Aging of the Company's past due financing receivables, gross of allowances for credit losses
Current	7,461	10,229
30-89 Days Past Due	1,781	1,188
90-180 Days Past Due	1,546	2,338
Greater than 181 Days	33,358	33,538
Total Past Due	36,685	37,064
Total	44,146	47,293
Rent receivables - real estate [Member]
Aging of the Company's past due financing receivables, gross of allowances for credit losses
Current	98	76
30-89 Days Past Due	20	11
90-180 Days Past Due	0	1
Greater than 181 Days	0	0
Total Past Due	20	12
Total	$118	$88

FINANCING_RECEIVABLES_Allowanc

FINANCING RECEIVABLES (Allowance for Credit Losses) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Activity in the allowance for credit losses of financing receivables [Roll Forward]
Allowance for losses at beginning of period	$16,990	$36,243
Provision for (reversal of) credit losses	402	1,208
Charge-offs	-32	-1
Recoveries	0	1
Allowance for losses at end of period	17,360	37,451
Ending balance, individually evaluated for impairment	17,360	37,441
Ending balance, collectively evaluated for impairment	0	10
Allowance for losses at end of period	17,360	37,451
Ending balance, individually evaluated for impairment	44,146		47,293
Ending balance, collectively evaluated for impairment	118		88
Balance, end of period	44,264		47,381
Receivables from Managed Entities [Member]
Activity in the allowance for credit losses of financing receivables [Roll Forward]
Allowance for losses at beginning of period	16,990	36,229
Provision for (reversal of) credit losses	369	1,213
Charge-offs	0	-1
Recoveries	0	0
Allowance for losses at end of period	17,359	37,441
Ending balance, individually evaluated for impairment	17,359	37,441
Ending balance, collectively evaluated for impairment	0	0
Allowance for losses at end of period	17,359	37,441
Ending balance, individually evaluated for impairment	44,146		47,293
Ending balance, collectively evaluated for impairment	0		0
Balance, end of period	44,146		47,293
Leases and Loans [Member]
Activity in the allowance for credit losses of financing receivables [Roll Forward]
Allowance for losses at beginning of period	0	0
Provision for (reversal of) credit losses	32	-1
Charge-offs	-32	0
Recoveries	0	1
Allowance for losses at end of period	0	0
Ending balance, individually evaluated for impairment	0	0
Ending balance, collectively evaluated for impairment	0	0
Allowance for losses at end of period	0	0
Rent Receivables [Member]
Activity in the allowance for credit losses of financing receivables [Roll Forward]
Allowance for losses at beginning of period	0	14
Provision for (reversal of) credit losses	1	-4
Charge-offs	0	0
Recoveries	0	0
Allowance for losses at end of period	1	10
Ending balance, individually evaluated for impairment	1	0
Ending balance, collectively evaluated for impairment	0	10
Allowance for losses at end of period	1	10
Ending balance, individually evaluated for impairment	0		0
Ending balance, collectively evaluated for impairment	118		88
Balance, end of period	$118		$88

FINANCING_RECEIVABLES_Impaired

FINANCING RECEIVABLES (Impaired Financing Receivables) (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2013	Dec. 31, 2014
Financing Receivables Without a Specific Valuation Allowance [Member]
Impaired financing receivables [Abstract]
Specific Allowance	$0		$0
Receivables from Managed Entities - Commercial Finance [Member] | Financing Receivables With a Specific Valuation Allowance [Member]
Impaired financing receivables [Abstract]
Net Balance	1,327,000		1,295,000
Unpaid Balance	18,573,000		18,285,000
Specific Allowance	17,246,000		16,990,000
Average Investment in Impaired Assets	19,561,000	18,882,000
Real Estate Limited Partnership [Member] | Financing Receivables With a Specific Valuation Allowance [Member]
Impaired financing receivables [Abstract]
Net Balance	831,000
Unpaid Balance	944,000
Specific Allowance	113,000
Average Investment in Impaired Assets	596,000
Rent receivables - real estate [Member] | Financing Receivables With a Specific Valuation Allowance [Member]
Impaired financing receivables [Abstract]
Net Balance	0
Unpaid Balance	0
Specific Allowance	1,000
Average Investment in Impaired Assets	$0

INVESTMENTS_IN_REAL_ESTATE_Inv

INVESTMENTS IN REAL ESTATE (Investments in Real Estate) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Properties owned, net of accumulated depreciation [Line Items]
Real Estate Investment Property, Net	$16,833		$17,097
Rental income	1,200	939
Hotel property (Savannah, Georgia) [Member]
Properties owned, net of accumulated depreciation [Line Items]
Real Estate Investment Property, Net	9,851		10,110
Office building (Philadelphia, Pennsylvania) [Member]
Properties owned, net of accumulated depreciation [Line Items]
Real Estate Investment Property, Net	870		888
Total Properties Owned [Member]
Properties owned, net of accumulated depreciation [Line Items]
Real Estate Investment Property, Net	10,721		10,998
Accumulated depreciation	9,335		9,198
Partnerships and other investments [Member]
Properties owned, net of accumulated depreciation [Line Items]
Real Estate Investment Property, Net	$6,112		$6,099

INVESTMENTS_IN_REAL_ESTATE_Ope

INVESTMENTS IN REAL ESTATE (Operating Leases) (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Real Estate Investments, Net [Abstract]
2016	$926
2017	769
2018	700
2019	701
2020	581
Thereafter	355
Total	$4,032

INVESTMENT_SECURITIES_Narrativ

INVESTMENT SECURITIES (Narrative) (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
			Issuer
Schedule of Available-for-sale Securities [Line Items]
Purchase of investment	$1,321,000
Unrealized gains (losses)	20,000
RAI [Member]
Schedule of Available-for-sale Securities [Line Items]
Purchase of investment	1,321,000	678,000
Gain (loss) on sale of investments	-15,000	117,000
Unrealized gains (losses)	20,000	-71,000
CLO securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of CDO issuers that represent the retained equity interest	13		12
Equity securities [Member] | TBBK [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of shares held (in shares)	18,972
Equity securities [Member] | RREDX [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of shares held (in shares)	10,808
Purchase of investment		109,000
Equity securities [Member] | RRE Global Opportunity Fund [Member]
Schedule of Available-for-sale Securities [Line Items]
Purchase of investment	$677,400
Purchase of investment, number of units	749,976

INVESTMENT_SECURITIES_Componen

INVESTMENT SECURITIES (Components of Investment Securities) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities	$9,519	$9,065
Trading securities	266	475
Total investment securities, at fair value	$9,785	$9,540

INVESTMENT_SECURITIES_Pretax_U

INVESTMENT SECURITIES (Pre-tax Unrealized Gains (Losses) Relating to Investments in Available-for-Sale Securities) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Schedule of Available-for-sale Securities [Line Items]
Cost or Amortized Cost	$8,333	$7,850
Unrealized Gains	1,410	1,391
Unrealized Losses	-224	-176
Fair Value	9,519	9,065
CLO securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost or Amortized Cost	7,445	6,962
Unrealized Gains	1,226	1,228
Unrealized Losses	-224	-176
Fair Value	8,447	8,014
Equity securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost or Amortized Cost	888	888
Unrealized Gains	184	163
Unrealized Losses	0	0
Fair Value	$1,072	$1,051

INVESTMENT_SECURITIES_Availabl

INVESTMENT SECURITIES (Available-for-sale Securities, Continuous Unrealized Loss Position) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Security	Security
Less than 12 Months [Abstract]
Fair Value	$3,154	$2,643
Unrealized Losses	-224	-176
Number of Securities	5	4
More than 12 Months [Abstract]
Fair Value	0	0
Unrealized Losses	0	0
Number of Securities	0	0
CLO securities [Member]
Less than 12 Months [Abstract]
Fair Value	3,154	2,643
Unrealized Losses	-224	-176
Number of Securities	5	4
More than 12 Months [Abstract]
Fair Value	0	0
Unrealized Losses	0	0
Number of Securities	0	0
Equity securities [Member]
Less than 12 Months [Abstract]
Fair Value		0
Unrealized Losses	0	0
Number of Securities	0	0
More than 12 Months [Abstract]
Fair Value	0	0
Unrealized Losses	$0	$0
Number of Securities	0	0

INVESTMENTS_IN_UNCONSOLIDATED_2

INVESTMENTS IN UNCONSOLIDATED ENTITIES AND LOAN MANAGER (Narrative) (Details) (USD $)	3 Months Ended	0 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Apr. 17, 2012	Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]
Preferred equity interest retained as a percentage of incentive management fees	75.00%
RRE Opportunity REIT I [Member]
Schedule of Equity Method Investments [Line Items]
Cost method investment	$2.50
RRE Opportunity REIT II [Member]
Schedule of Equity Method Investments [Line Items]
Cost method investment	1.3
CVC Credit Partners [Member]
Schedule of Equity Method Investments [Line Items]
Cost method investment	6.8
Percentage interest in limited partnership formed	33.00%
Percentage Interest In Limited Partnership, After Option	24.00%
Innovation Office REIT [Member]
Schedule of Equity Method Investments [Line Items]
Cost method investment			0.2
Resource Credit Income Fund [Member]
Schedule of Equity Method Investments [Line Items]
Cost method investment			$0.20
CVC Credit Partners, L.P. [Member]
Schedule of Equity Method Investments [Line Items]
Irrevocable Option to Buy Interests in Joint Venture, Percentage	9.00%
Irrevocable Option to Buy Interests in Joint Venture, Exercise Period		30 days

INVESTMENTS_IN_UNCONSOLIDATED_3

INVESTMENTS IN UNCONSOLIDATED ENTITIES AND LOAN MANAGER (Investment Vehicles, Including the Range of Interests it Owns) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	$13,105	$13,089
Real estate investment entities [Member]
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	7,939	8,313
Real estate investment entities [Member] | Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	1.00%
Real estate investment entities [Member] | Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	12.00%
Financial fund management investment entities [Member]
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	4,452	4,162
Financial fund management investment entities [Member] | Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	0.01%
Financial fund management investment entities [Member] | Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	50.00%
Trapeza entities [Member]
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	$714	$614
Trapeza entities [Member] | Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	33.00%
Trapeza entities [Member] | Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	50.00%

INVESTMENTS_IN_UNCONSOLIDATED_4

INVESTMENTS IN UNCONSOLIDATED ENTITIES AND LOAN MANAGER (Summary Operating Data for Unconsolidated Investment) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Schedule of Equity Method Investments [Line Items]
Portion of net income attributable to the Company	$1,844	$631
CVC Credit Partners [Member]
Schedule of Equity Method Investments [Line Items]
Management fee revenues	16,738	12,388
Costs and expenses	-14,809	-11,295
Net income	1,929	1,093
Portion of net income attributable to the Company	$637	$361

ACCRUED_EXPENSES_AND_OTHER_LIA2

ACCRUED EXPENSES AND OTHER LIABILITIES (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Payables and Accruals [Abstract]
Accounts payable and other accrued liabilities	$6,612	$6,045
Supplemental executive retirement plan (SERP) liability (see Note 14)	6,218	6,383
Accrued wages and benefits	4,100	4,580
Deferred rent	2,424	2,485
Apidos contractual obligation, at fair value (see Note 16)	694	745
Dividends payable	1,306	1,312
Short-term insurance notes	277	729
Total accrued expenses and other liabilities	$21,631	$22,279

BORROWINGS_Credit_Facilities_a

BORROWINGS (Credit Facilities and Other Debt) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Debt Instrument [Line Items]
Borrowings Outstanding	$21,174	$20,412
TD Bank, NA - secured revolving credit facility [Member]
Debt Instrument [Line Items]
Maximum Amount of Facility	10,997
Borrowings Outstanding	0	0
Outstanding letters of credit	503
Republic Bank - secured revolving credit facility [Member]
Debt Instrument [Line Items]
Maximum Amount of Facility	2,784
Borrowings Outstanding	0	0
Total corporate and real estate borrowings [Member]
Debt Instrument [Line Items]
Borrowings Outstanding	0	0
Senior Notes [Member]
Debt Instrument [Line Items]
Borrowings Outstanding	10,000	10,000
Mortgage debt - hotel property [Member]
Debt Instrument [Line Items]
Borrowings Outstanding	10,035	10,088
Other debt [Member]
Debt Instrument [Line Items]
Borrowings Outstanding	1,139	324
Letters of Credit [Member]
Debt Instrument [Line Items]
Outstanding letters of credit	$503

BORROWINGS_Corporate_and_Real_

BORROWINGS (Corporate and Real Estate Debt) (Details) (USD $)	3 Months Ended	1 Months Ended
	Mar. 31, 2015	Nov. 30, 2013	Dec. 31, 2014	Apr. 24, 2014	Feb. 28, 2011
Debt Instrument [Line Items]
Borrowings outstanding	$21,174,000		$20,412,000
TD Bank, NA - secured revolving credit facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	11,500,000			7,500,000
Required pledged securities	6,000,000
Number of consecutive days during each one-year period company may not have cash advances	30 days
Unused facility fee	0.50%
Line of credit facility commitment fee percentage on outstanding lines of credit	5.25%
Outstanding letters of credit	503,000
Borrowings outstanding	0		0
Availability on the line of credit facility	11,000,000
TD Bank, NA - secured revolving credit facility [Member] | TBBK common stock
Debt Instrument [Line Items]
Number of securities pledged (in shares)	18,972
TD Bank, NA - secured revolving credit facility [Member] | RSO common stock
Debt Instrument [Line Items]
Number of securities pledged (in shares)	2,160,671
TD Bank, NA - secured revolving credit facility [Member] | Prime Rate [Member]
Debt Instrument [Line Items]
Description of variable rate basis	prime rate
Basis spread on variable rate	2.25%
TD Bank, NA - secured revolving credit facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Description of variable rate basis	LIBOR
Basis spread on variable rate	3.00%
TD Bank, NA - secured revolving credit facility [Member] | LIBOR [Member] | Minimum [Member]
Debt Instrument [Line Items]
LIBOR rate range	1 month
TD Bank, NA - secured revolving credit facility [Member] | LIBOR [Member] | Maximum [Member]
Debt Instrument [Line Items]
LIBOR rate range	6 months
Republic Bank - secured revolving credit facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity					3,500,000
Unused facility fee	0.25%	0.50%
Borrowings outstanding	$0		$0
Percentage of appraised value of the real estate under maximum borrowing facility under option one	25.00%
Percentage of cash under maximum borrowing facility under option one	100.00%
Percentage of market value of securities pledged under maximum borrowing facility under option one	75.00%
Percentage of cash under maximum borrowing facility under option two	100.00%
Percentage of market value of securities pledged under maximum borrowing facility under option two	100.00%
Republic Bank - secured revolving credit facility [Member] | RSO common stock
Debt Instrument [Line Items]
Number of securities pledged (in shares)	700,000
Republic Bank - secured revolving credit facility [Member] | Prime Rate [Member]
Debt Instrument [Line Items]
Description of variable rate basis	prime rate
Basis spread on variable rate	1.00%
Prime borrowings floor interest rate	4.50%

BORROWINGS_Senior_Notes_and_Ot

BORROWINGS (Senior Notes and Other Debt) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Debt Instrument [Line Items]
Capital leases	880,998
Senior Notes [Member]
Debt Instrument [Line Items]
Remaining balance	10,000,000
Interest rate	9.00%
Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage	102.00%
Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage	101.00%
Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage	101.00%
Debt Instrument, Redemption, Thereafter [Member]
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage	100.00%
Senior Notes [Member]
Debt Instrument [Line Items]
Effective interest rate	9.10%	9.40%

BORROWINGS_Debt_Repayments_Det

BORROWINGS (Debt Repayments) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Debt Disclosure [Abstract]
2016	$601
2017	602
2018	10,591
2019	292
2020	276
Thereafter	8,812
Total	$21,174	$20,412

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Changes in Accumulated Other Comprehensive Income (Loss) by Category) (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2013
Changes in Accumulated Other Comprehensive Income (Loss) by Category [Roll Forward]
Investment Securities Available-for-Sale balance, beginning of the year	$1,979
Cash Flow Hedges balance, beginning of the year	-1
Foreign Currency Translation Adjustments, beginning of the year	-5
SERP Pension Liability balance, beginning of the year	-3,003
Total balance, beginning of the year	-1,030
Current period changes for investment securities available- for- sale	-158
Current period changes for cash flow hedges	0
Current period changes for foreign currency translation adjustments	2
Current period changes for SERP pension liability	47
Current period changes, total	-109
Investment Securities Available-for-Sale balance, end of the year	1,821
Cash Flow Hedges balance, end of the year	-1
Foreign Currency Translation Adjustments, end of the year	-3
SERP Pension Liability balance, end of the year	-2,956
Total balance, end of the year	-1,139
Tax portion of investment securities available for sale in accumulated other comprehensive income	458	472
Tax portion of cash flow hedges in accumulated other comprehensive income	0	0
Tax portion of foreign currency translation adjustments in accumulated other comprehensive income	2	-3
Tax portion of SERP pension liability in accumulated other comprehensive income	$9	($2,700)

NONCONTROLLING_INTERESTS_Detai

NONCONTROLLING INTERESTS (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
RSO [Member]
Activity in noncontrolling interests [Roll Forward]
Noncontrolling interests, beginning of period	$916,543
Net income (loss) attributable to noncontrolling interests	17,795	17,151
Noncontrolling interest, end of period	913,746
RAI [Member]
Activity in noncontrolling interests [Roll Forward]
Noncontrolling interests, beginning of period	306
Net income (loss) attributable to noncontrolling interests	-8	-40
Noncontrolling interest, end of period	313
Noncontrolling Interests [Member] | RSO [Member]
Activity in noncontrolling interests [Roll Forward]
Noncontrolling interests, beginning of period	916,543
Net income (loss) attributable to noncontrolling interests	17,795
Other comprehensive loss	-1,474
Proceeds from issuance of equity interests, net	3,103
Amortization of stock-based compensation	996
Noncontrolling Interest, Increase from Discount on Debt	4,213
Noncontrolling Interest, Period Increase (Decrease)	-373
Distributions to noncontrolling interests	-27,057
Noncontrolling interest, end of period	913,746
Noncontrolling Interests [Member] | RAI [Member]
Activity in noncontrolling interests [Roll Forward]
Noncontrolling interests, beginning of period	306
Net income (loss) attributable to noncontrolling interests	-8
Other comprehensive loss	-4
Proceeds from issuance of equity interests, net	0
Amortization of stock-based compensation	0
Noncontrolling Interest, Increase from Discount on Debt	0
Noncontrolling Interest, Period Increase (Decrease)	19
Distributions to noncontrolling interests	0
Noncontrolling interest, end of period	$313

EARNINGS_PER_SHARE_Reconciliat

EARNINGS PER SHARE (Reconciliation) (Details)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Reconciliation of the components used in the computation of Basic and Diluted EPS [Abstract]
Basic shares outstanding (in shares)	22,965	20,252
Dilutive effect of outstanding stock options, warrants and director units (in shares)	274	1,775
Dilutive shares outstanding (in shares)	23,239	22,027

BENEFIT_PLANS_Narrative_Detail

BENEFIT PLANS (Narrative) (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Restricted stock award, number of shares	440,852	417,407
Restricted stock award, value	$3,900	$3,700
SERP [Member] | Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Benefits paid	838
Performance Shares [Member]
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Restricted stock award, number of shares	45,306
Restricted stock award, value	$420

BENEFIT_PLANS_Components_of_Ne

BENEFIT PLANS (Components of Net Periodic Benefit Cost) (Details) (SERP [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
SERP [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$62	$68
Less: expected return on plan assets	-19	-39
Plus: Amortization of unrecognized loss	106	70
Net cost	$149	$99

CERTAIN_RELATIONSHIPS_AND_RELA2

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Narrative) (Details)

Mar. 31, 2015

Dec. 31, 2014

Mar. 31, 2015

Dec. 31, 2014

Jun. 30, 2014

Mar. 31, 2015

Dec. 31, 2014

6-May-14

6-May-14

Dec. 08, 2014

Mar. 31, 2014

Mar. 31, 2015

Dec. 31, 2014

Mar. 15, 2015

Mar. 31, 2015

Feb. 06, 2014

USD ($)

USD ($)

Resource Real Estate Opportunity REIT Inc [Member]

Resource Real Estate Opportunity REIT Inc [Member]

RRE Opportunity REIT II [Member]

RRE Opportunity REIT II [Member]

RRE Opportunity REIT II [Member]

CVC Credit Partners Group Limited [Member]

CVC Credit Partners Group Limited [Member]

CVC Credit Partners, L.P. [Member]

Affiliated Real Estate Limited Partnership [Member]

Affiliated Real Estate Limited Partnership [Member]

Affiliated Real Estate Limited Partnership [Member]

Employees [Member]

Employees [Member]

IPO [Member]

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

EUR (€)

EUR (€)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

RRE Opportunity REIT II [Member]

USD ($)

Related Party Transaction [Line Items]

Due from related parties

$26,787,000

$30,303,000

$725,000

$325,000

$587,000

$3,400,000

Initial public offering, amount of offering

1,000,000,000

Initial public offering, maximum price per share (in dollars per share)

$10

Increase in related party loan receivable

1,300,000

Related party loan receivable, description of variable rate basis

LIBOR

EURIBOR

3-month LIBOR

Related party loan receivable, maximum borrowing capacity

1,500,000

Related party loan receivable, basis spread on variable rate

3.00%

7.00%

3.00%

Maximum revolving note, related party

3,000,000

Interest rate description

bearing interest at the prime rate

Notes receivable, related party

500,000

2,300,000

2,300,000

Other revenues from transactions with related party

17,000

Due from employee

300,000

Payments to Employees

$50,000

CERTAIN_RELATIONSHIPS_AND_RELA3

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Receivables and Payables from Related Party) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Receivables from managed entities and related parties	$26,787,000	$30,303,000
Payables due to managed entities and related parties, net	2,165,000	3,015,000
Real Estate Limited Partnership [Member]
Related Party Transaction [Line Items]
Reserves for credit losses	113,000
Receivables from Managed Entities - Commercial Finance [Member]
Related Party Transaction [Line Items]
Reserves for credit losses	17,200,000	17,000,000
Real estate investment entities [Member]
Related Party Transaction [Line Items]
Payable to real estate investment entities, self insurance	2,000,000	2,600,000
Real estate investment entities [Member]
Related Party Transaction [Line Items]
Receivables from managed entities and related parties	20,326,000	23,733,000
Payables due to managed entities and related parties, net	2,096,000	2,942,000
Commercial finance investment entities [Member]
Related Party Transaction [Line Items]
Receivables from managed entities and related parties	2,738,000	2,883,000
Financial fund management investment entities [Member]
Related Party Transaction [Line Items]
Receivables from managed entities and related parties	1,093,000	663,000
Other [Member]
Related Party Transaction [Line Items]
Receivables from managed entities and related parties	325,000	488,000
Payables due to managed entities and related parties, net	69,000	73,000
CVC Credit Partners [Member]
Related Party Transaction [Line Items]
Receivables from managed entities and related parties	$2,305,000	$2,536,000

CERTAIN_RELATIONSHIPS_AND_RELA4

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Fees From Unconsolidated Investment Entities) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Commercial Finance, Four Investment Entities [Member]
Related Party Transaction [Line Items]
Amount waived of the fund management fees from commercial finance investment entities	$49	$224
Real estate [Member]
Related Party Transaction [Line Items]
Fees from unconsolidated investment entities	9,434	8,925
Discounts recorded	207	33
Financial fund management [Member]
Related Party Transaction [Line Items]
Fees from unconsolidated investment entities	782	802
CVC Credit Partners, L.P. [Member]
Related Party Transaction [Line Items]
Reimbursement of related party costs	229	181
RRE Opportunity REIT I [Member]
Related Party Transaction [Line Items]
Reimbursement of related party costs	888	351
Dividends paid	15	29
RRE Opportunity REIT II [Member]
Related Party Transaction [Line Items]
Reimbursement of related party costs	737	502
Dividends paid	7	0
LEAF [Member]
Related Party Transaction [Line Items]
Reimbursement of related party costs	36	36
Payment for sub-servicing the commercial finance investment partnerships	-23	-127
1845 Walnut Associates Ltd. [Member]
Related Party Transaction [Line Items]
Payment for rent and operating expenses	-207	-204
Property management fees	38	16
Brandywine Construction & Management, Inc. [Member]
Related Party Transaction [Line Items]
Payment for property management of hotel property	-52	-40
Atlas Energy, L.P. [Member]
Related Party Transaction [Line Items]
Reimbursement of related party costs	13	30
Ledgewood P.C. [Member]
Related Party Transaction [Line Items]
Payment for legal services	-34	-24
Graphic Images, LLC [Member]
Related Party Transaction [Line Items]
Payment for printing services	-48	-60
The Bancorp, Inc. [Member]
Related Party Transaction [Line Items]
Reimbursement of related party costs	0	27
9 Henmar LLC [Member]
Related Party Transaction [Line Items]
Payment of broker/consulting fees	($3)	($3)

FAIR_VALUE_Narrative_Details

FAIR VALUE (Narrative) (Details)	Mar. 31, 2015
	Security
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of securities held	4
Debt or Equity Investments in Externally Managed CDOs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of securities held	3
Term Loan [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of securities held	1

FAIR_VALUE_Assets_Recorded_at_

FAIR VALUE (Assets Recorded at Fair Value on Recurring Basis) (Details) (Recurring Basis [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014	Apr. 30, 2012
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	$9,785	$9,540
Apidos contractual commitment	694	745
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	284	310
Apidos contractual commitment	0	0
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	788	741
Apidos contractual commitment	0	0
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	8,713	8,489
Apidos contractual commitment	$694	$745	$589

FAIR_VALUE_Additional_Informat

FAIR VALUE (Additional Information About Assets Which Were Measured at Fair Value on a Recurring Basis Utilizing Level 3 Inputs) (Details) (Investment Securities [Member], Recurring Basis [Member], Level 3 [Member], USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2013
Investment Securities [Member] | Recurring Basis [Member] | Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$8,489
Purchases	611	15,063
Income accreted	288	995
Payments and distributions received, net	-455	-3,752
Sales	-175	-13,251
Gain on sale of investment securities, net		445
Unrealized losses on trading securities	-15	-200
Unrealized holding gains on trading securities	20	1,850
Change in unrealized gains (losses) included in accumulated other comprehensive loss	-50	-68
Ending balance	$8,713	$7,407

FAIR_VALUE_Quantitative_Inputs

FAIR VALUE (Quantitative Inputs and Assumptions Used in Determining the Fair Value of Items Categorized in Level 3) (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	$9,519	$9,065
Trading securities	266	475
Loss severity rate	30.00%
CLO securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	$8,447	$8,014
Loss severity rate	25.00%
Constant prepayment rate - year one	30.00%
Constant prepayment rate - year two	25.00%
Constant prepayment rate - thereafter	25.00%
Reinvestment price on collateral		99.50%
Discount rates	13.00%
Minimum [Member] | Collateralized Loan Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant default rate	0.00%
Reinvestment spread	0.00%
Minimum [Member] | Trading securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant default rate	2.00%
Constant prepayment rate	20.00%
Maximum [Member] | Collateralized Loan Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant default rate	2.00%
Reinvestment spread	450.00%
Maximum [Member] | Trading securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Constant default rate	9.00%
Constant prepayment rate	30.00%

FAIR_VALUE_Fair_Value_of_Finan

FAIR VALUE (Fair Value of Financial Instruments) (Details) (Recurring Basis [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Carrying Amount [Member]
Liabilities:
Real estate debt	$10,035	$10,088
Senior Notes	10,000	10,000
Other debt	1,139	324
Total liabilities at fair value	21,174	20,412
Fair Value [Member]
Liabilities:
Real estate debt	11,131	11,197
Senior Notes	13,177	12,820
Other debt	1,139	324
Total liabilities at fair value	$25,447	$24,341

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Loss Contingencies [Line Items]
Management Fee Expense	$978,000
Resource Real Estate Opportunity REIT Inc [Member]
Loss Contingencies [Line Items]
Cumulative Funded Equity in Fund	200,000
Investment commitment	1.00%
Equity Raised in Fund	100,000,000
Maximum investment commitment	1,000,000
Resource Securities [Member]
Loss Contingencies [Line Items]
Minimum net capital required	177,000	100,000
Net capital	1,300,000	1,400,000
Minimum requirement of net capital exceeded by	$1,100,000	$1,300,000
Maximum [Member]
Loss Contingencies [Line Items]
Clawback Liability, Percentage	75.00%

OPERATING_SEGMENTS_Narrative_D

OPERATING SEGMENTS (Narrative) (Details)	3 Months Ended
	Mar. 31, 2015
	Segment
Revenues from External Customers and Long-Lived Assets [Line Items]
Number of reportable operating segments	3
RSO [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Number of operating segments	1

OPERATING_SEGMENTS_Summarized_

OPERATING SEGMENTS (Summarized Operating Segment) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Revenues from external customers	$40,345	$41,985
Equity in (losses) earnings of unconsolidated entities	1,844	631
Total revenues	42,189	42,616
Segment operating expenses	-32,760	-21,833
General and administrative expenses	-3,297	-3,154
Reversal of (provision for) credit losses	-402	-1,208
Depreciation and amortization	-457	-451
Interest expense	-421	-483
Other income (expense), net	16,363	3,699
Pretax loss (income) attributable to noncontrolling interests	-17,787	-17,111
Income (loss) from continuing operations, net of noncontrolling interests before taxes	3,428	2,075
Total assets	3,102,307	2,509,891	2,900,842
RAI [Member]
Segment Reporting Information [Line Items]
Equity in (losses) earnings of unconsolidated entities	1,844	631
Total revenues	22,101	20,251
General and administrative expenses	-3,297	-3,154
Reversal of (provision for) credit losses	-402	-1,208
Depreciation and amortization	-457	-451
Interest expense	-421	-483
Other income (expense), net	-164	165
RSO [Member]
Segment Reporting Information [Line Items]
Total revenues	24,361	25,245
Other income (expense), net	16,516	3,516
Total assets	2,932,646	2,341,335
Operating Segments [Member] | Real Estate [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	16,294	13,630
Equity in (losses) earnings of unconsolidated entities	672	-355
Total revenues	16,966	13,275
Segment operating expenses	-11,499	-8,875
General and administrative expenses	-879	-1,096
Reversal of (provision for) credit losses	-114	3
Depreciation and amortization	-312	-308
Interest expense	-183	-196
Other income (expense), net	223	256
Pretax loss (income) attributable to noncontrolling interests	8	40
Income (loss) from continuing operations, net of noncontrolling interests before taxes	4,210	3,099
Total assets	191,539	180,902
Operating Segments [Member] | Financial Fund Management [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	3,129	5,990
Equity in (losses) earnings of unconsolidated entities	2,008	1,085
Total revenues	5,137	7,075
Segment operating expenses	-2,990	-4,389
General and administrative expenses	-284	-453
Reversal of (provision for) credit losses	0	0
Depreciation and amortization	-16	-11
Interest expense	0	0
Other income (expense), net	441	571
Pretax loss (income) attributable to noncontrolling interests	0	0
Income (loss) from continuing operations, net of noncontrolling interests before taxes	2,288	2,793
Total assets	49,258	60,047
Operating Segments [Member] | Commercial Finance [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	13	0
Equity in (losses) earnings of unconsolidated entities	-15	-99
Total revenues	-2	-99
Segment operating expenses	-579	-103
General and administrative expenses	0	0
Reversal of (provision for) credit losses	-288	-1,211
Depreciation and amortization	0	0
Interest expense	0	0
Other income (expense), net	1	-2
Pretax loss (income) attributable to noncontrolling interests	0	0
Income (loss) from continuing operations, net of noncontrolling interests before taxes	-868	-1,415
Total assets	4,173	9,861
Operating Segments [Member] | All Other [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	0	0
Equity in (losses) earnings of unconsolidated entities	0	0
Total revenues	0	0
Segment operating expenses	0	0
General and administrative expenses	-2,134	-1,605
Reversal of (provision for) credit losses	0	0
Depreciation and amortization	-129	-132
Interest expense	-238	-287
Other income (expense), net	-351	-88
Pretax loss (income) attributable to noncontrolling interests	0	0
Income (loss) from continuing operations, net of noncontrolling interests before taxes	-2,852	-2,112
Total assets	-75,309	-82,254
Reportable Legal Entities [Member]
Segment Reporting Information [Line Items]
Total assets	169,661	168,556
Reportable Legal Entities [Member] | RAI [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	19,436	19,620
Equity in (losses) earnings of unconsolidated entities	2,665	631
Total revenues	22,101	20,251
Segment operating expenses	-15,068	-13,367
General and administrative expenses	-3,297	-3,154
Reversal of (provision for) credit losses	-402	-1,208
Depreciation and amortization	-457	-451
Interest expense	-421	-483
Other income (expense), net	314	737
Pretax loss (income) attributable to noncontrolling interests	8	40
Income (loss) from continuing operations, net of noncontrolling interests before taxes	2,778	2,365
Total assets	203,062
Reportable Legal Entities [Member] | RSO [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	24,361	25,245
Equity in (losses) earnings of unconsolidated entities	0	0
Total revenues	24,361	25,245
Segment operating expenses	-21,060	-11,285
General and administrative expenses	0	0
Reversal of (provision for) credit losses	0	0
Depreciation and amortization	0	0
Interest expense	0	0
Other income (expense), net	16,516	3,516
Pretax loss (income) attributable to noncontrolling interests	-8,568	-2,344
Income (loss) from continuing operations, net of noncontrolling interests before taxes	11,249	15,132
Total assets	2,933,206
Consolidation, Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	-3,452	-2,880
Equity in (losses) earnings of unconsolidated entities	-821	0
Total revenues	-4,273	-2,880
Segment operating expenses	3,368	2,819
General and administrative expenses	0	0
Reversal of (provision for) credit losses	0	0
Depreciation and amortization	0	0
Interest expense	0	0
Other income (expense), net	-467	-554
Pretax loss (income) attributable to noncontrolling interests	-9,227	-14,807
Income (loss) from continuing operations, net of noncontrolling interests before taxes	-10,599	-15,422
Total assets	-33,961
Consolidation, Eliminations [Member] | RAI [Member]
Segment Reporting Information [Line Items]
Interest expense		0
Other income (expense), net	-478	-572
Consolidation, Eliminations [Member] | RSO [Member]
Segment Reporting Information [Line Items]
Total assets	($560)

VARIABLE_INTEREST_ENTITIES_RSO

VARIABLE INTEREST ENTITIES RSO Balance Sheets Detail (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets:
Cash and cash equivalents	$24,909	$27,542	$17,210	$19,853
Trading securities	266	475
Total investment securities, at fair value	9,785	9,540
Total assets	3,102,307	2,900,842	2,509,891
LIABILITIES
Borrowings	21,174	20,412
Total liabilities	2,027,109	1,820,399
RSO [Member]
Assets:
Cash and cash equivalents	217,361	79,905	166,686	262,270
Restricted cash	26,768	122,138
Subtotal - Cash and cash equivalents	244,129	202,043
Trading securities	29,770	20,786
Investment securities available-for-sale, pledged as collateral, at fair value	161,971	197,800
Investment securities available-for-sale, at fair value	122,099	77,920
Total investment securities, at fair value	313,840	296,506
Loans, pledged as collateral and net of allowances of $7.4 million and $4.6 million	1,960,250	1,925,980
Loans receivable–related party	1,229	1,277
Loans held for sale	248,254	111,736
Loans	2,209,175	2,038,435
Property held for sale	180	180
Investments in unconsolidated entities	55,488	59,827
Subtotal, Investments in real estate and unconsolidated entities	55,668	60,007
Linked transactions, net at fair value	0	15,367
Derivatives, at fair value	14,036	5,304
Interest receivable	18,111	16,260
Deferred tax assets, net	12,579	12,634
Principal paydown receivable	26,906	40,920
Direct financing leases	1,951	2,109
Intangible assets	9,229	9,736
Prepaid expenses	4,263	4,196
Other assets	109,834	131,021
Total assets	2,932,646	2,728,012
LIABILITIES
Borrowings	1,924,932	1,717,076
Distribution payable	25,521	30,592
Accrued interest expense	5,437	2,123
Derivatives, at fair value	8,860	8,476
Accrued tax liability	6,982	9,219
Accounts payable and other liabilities	13,091	9,287
Other liabilities	57,207	57,251
Total liabilities	1,982,139	1,774,327
Assets of consolidated Variable Interest Entities (VIEs) included in the total assets above:
Cash and cash equivalents	133	25
Restricted cash	25,262	121,247
Investments securities available-for-sale, pledged as collateral, at fair value	94,658	119,203
Loans held for sale	73,892	282
Loans, pledged as collateral and net of allowances of $4.2 million and $3.3 million	1,445,136	1,261,137
Interest receivable	9,895	8,941
Prepaid expenses	193	221
Principal paydown receivable	26,700	25,767
Other assets	-742	-12
Total assets of consolidated VIE-RSO	1,675,127	1,536,811
Liabilities of consolidated VIEs included in the total liabilities above:
Borrowings	1,170,687	1,046,494
Accrued interest expense	1,329	1,000
Derivatives, at fair value	7,305	8,439
Unsettled loan purchases	0	-529
Accounts payable and other liabilities	56	-386
Total liabilities of consolidated VIE-RSO	1,179,377	1,055,018
Reportable Legal Entities [Member]
Assets:
Total assets	169,661		168,556
Reportable Legal Entities [Member] | RSO [Member]
Assets:
Loans	2,209,733	2,038,993
Other assets	22,761	24,604
Other assets	109,836	131,130
Total assets	2,933,206	2,728,679
LIABILITIES
Borrowings	1,924,598	1,716,871
Other liabilities	59,891	59,697
Total liabilities	1,984,489	1,776,568
Consolidation, Eliminations [Member]
Assets:
Cash and cash equivalents	0	0
Total assets	-33,961
LIABILITIES
Total liabilities	-2,910
Consolidation, Eliminations [Member] | RSO [Member]
Assets:
Loans	-558	-558
Other assets	-2	-109
LIABILITIES
Borrowings	334	205
Other liabilities	($2,684)	($2,446)

VARIABLE_INTEREST_ENTITIES_RSO1

VARIABLE INTEREST ENTITIES RSO Balance Sheets Detail (Parenthetical) (Details) (RSO [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
RSO [Member]
Assets:
Loans, pledged as collateral, allowances	$7.40	$4.60
Variable interest entity, loans, pledged as collateral, allowance	$4.20	$3.30

VARIABLE_INTEREST_ENTITIES_RSO2

VARIABLE INTEREST ENTITIES RSO Income Statement Detail (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Interest income:
Interest expense	$421	$483
Rental income	1,200	939
Total revenues	42,189	42,616
COSTS AND EXPENSES:
General and administrative - Corporate	3,297	3,154
Depreciation and amortization	457	451
Expenses of consolidated VIE-RSO	36,916	26,646
OTHER INCOME (EXPENSE)
Equity in (losses) earnings of unconsolidated entities	1,844	631
Other income, net, from consolidated VIE - RSO	15,942	3,216
Income from continuing operations before taxes	21,215	19,186
Income tax (expense) benefit - RSO	-3,091	-1,085
NET INCOME (LOSS)	337	990
RSO [Member]
Interest income:
Loans	32,663	20,229
Securities	4,052	4,004
Leases	95	0
Interest income − other	832	2,852
Total interest income	37,642	27,085
Interest expense	14,902	9,628
Net interest income	22,740	17,457
Rental income	0	5,152
Dividend income	16	136
Fee income	1,605	2,500
Total revenues	24,361	25,245
COSTS AND EXPENSES:
Management fees − related party	3,560	3,080
Equity compensation − related party	995	1,667
Rental operating expense	6	3,396
Lease operating	23	0
General and administrative - Corporate	4,783	2,840
General and administrative - PCM	7,079	3,426
Depreciation and amortization	565	836
Impairment losses	59	0
Provision (recovery) for loan losses	3,990	-3,960
Total operating expenses	21,060	11,285
Expenses of consolidated VIE-RSO	21,060	11,285
Adjusted operating income	3,301	13,960
OTHER INCOME (EXPENSE)
Equity in (losses) earnings of unconsolidated entities	706	2,014
Net realized gain (loss) on sales of investment securities available-for-sale and loans and derivatives	14,423	2,088
Net realized and unrealized gains (loss) on investment securities, trading	2,074	-1,560
Unrealized gain (loss) and net interest income on linked transactions, net	235	2,305
(Loss) on reissuance/ gain on extinguishment of debt	-900	-69
(Loss) gain on sale of real estate	-22	0
Other income (expense)	0	-1,262
Other income, net, from consolidated VIE - RSO	16,516	3,516
Income from continuing operations before taxes	19,817	17,476
Income tax (expense) benefit - RSO	-1,847	-16
NET INCOME (LOSS)	17,970	17,460
Net (loss) income allocated to preferred shares	-6,091	-2,400
Net (income) loss allocable to non-controlling interest, net of taxes	-2,477	56
NET INCOME (LOSS) ALLOCABLE TO RSO COMMON SHAREHOLDERS	$9,402	$15,116

VARIABLE_INTEREST_ENTITIES_RSO3

VARIABLE INTEREST ENTITIES RSO Cash Flow Detail (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$337,000	$990,000
Items included in Change in cash attributable to consolidated VIE-RSO:
Equity in net (earnings) losses of unconsolidated subsidiaries	-1,844,000	-631,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Subtotal - Purchase of loans and securities by consolidated VIE-RSO, before eliminations	-1,321,000
Acquisition of property and equipment	-997,000
Payments on borrowings:
Dividends paid	-1,312,000
Net proceeds from issuances of common stock (net of offering costs of $0 and $0)	1,000
Repurchase of common stock	2,108,000
Decrease in cash	-2,633,000	-2,643,000
Cash, beginning of year	27,542,000	19,853,000
Cash, end of period	24,909,000	17,210,000
Supplemental disclosures:
Interest expense paid in cash	399,000	409,000
Income taxes paid in cash	65,000	176,000
RSO [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	17,970,000	17,460,000
Items included in Change in cash attributable to consolidated VIE-RSO:
Provision (recovery of) for loan losses	3,990,000	-3,960,000
Depreciation of investments in real estate and other	139,000	392,000
Amortization of intangible assets	507,000	444,000
Amortization of term facilities	115,000	534,000
Accretion (amortization) of net discounts (premiums) on loans held for investment	-338,000	-574,000
Accretion (amortization) of net discounts (premiums) on securities available-for-sale	837,000	-769,000
Amortization (accretion) of discount (premium) on notes of securitization	463,000	434,000
Amortization of debt issuance costs on notes of securitizations	1,066,000	796,000
Amortization of stock-based compensation	995,000	1,667,000
Amortization of (accretion) of terminated derivative instruments	67,000	70,000
Accretion (amortization) of interest-only available-for-sales securities	873,000	-137,000
Deferred income tax (benefit) expense	-48,000	-89,000
Purchase of mortgage loans held for sale, net	-58,136,000	-877,000
Purchase of securities, trading	-16,268,000	0
Principal payments on securities, trading	0	42,000
Proceeds from sales of securities, trading	8,095,000	0
Net realized and unrealized loss (gain) on investment securities, trading	-2,074,000	1,560,000
Net realized (gains) loss on sales of investment securities available-for-sale and loans	-14,423,000	-3,680,000
Loss (gain) on reissuance (extinguishment) of debt	900,000	69,000
Loss (gain) on sale of real estate	22,000	0
Settlement of derivative instruments	82,000	0
Net impairment losses recognized in earnings	59,000	0
Linked transactions fair value adjustments	-235,000	-1,763,000
Equity in net (earnings) losses of unconsolidated subsidiaries	-706,000	-2,014,000
Changes in operating assets and liabilities, net of acquisitions	65,786,000	9,563,000
Net cash (used in) provided by operating activities	-8,232,000	1,708,000
Change in consolidated VIE-RSO cash for the period	-137,456,000	95,584,000
Adjustments to reconcile net income and operating cash flows to net income of consolidated VIE-RSO	-145,715,000	97,264,000
Net cash provided by operating activities of consolidated VIE-RSO (excluding eliminations)	9,738,000	19,168,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of loans	-207,983,000	-169,380,000
Purchase of securities available-for-sale	-4,000,000	-48,321,000
Principal payments received on loans	91,294,000	90,948,000
Proceeds from sale of loans	16,922,000	15,974,000
Principal payments on securities available-for-sale	37,860,000	17,325,000
Proceeds from sale of securities available-for-sale	7,113,000	12,314,000
Principal payments received on loans - related parties	0	753,000
(Increase) decrease in restricted cash	33,230,000	-12,849,000
Return of capital from (investment in) unconsolidated entity	4,391,000	5,650,000
Acquisition of controlling interest in Moselle CLO S.A.	0	-30,433,000
Investment in loans - related parties	-903,000	-285,000
Purchase of furniture and fixtures	0	-38,000
Acquisition of property and equipment	-171,000	-269,000
Other investing activity of consolidated VIE-RSO	3,317,000	-25,766,000
Net cash used in investing activities of consolidated VIE-RSO (excluding eliminations)	-22,247,000	-118,611,000
Proceeds from borrowings:
Repurchase agreements, net of repayments	0	75,877,000
Senior secured revolving credit facility, net of repayments	21,500,000	0
CRE Securitization	282,127,000	0
Reissuance of debt	8,100,000	0
Convertible senior notes	99,000,000	0
Payments on borrowings:
Collateralized debt obligations	-161,713,000	-59,668,000
Repurchase agreements, net of borrowings	-64,812,000	0
Subtotal - net borrowings of debt by consolidated VIE-RSO	184,202,000	16,209,000
Dividends paid	-26,085,000	-24,964,000
Net proceeds from issuances of common stock (net of offering costs of $0 and $0)	0	245,000
Net proceeds from dividend reinvestment and stock purchase plan (net of offering costs of $0 and $0)	106,000	0
Repurchase of common stock	5,000	0
Subtotal - net proceeds from issuance of stock by consolidated VIE-RSO	3,103,000	15,660,000
Payment of debt issuance costs	-6,639,000	-8,000
Settlement of derivative instruments	3,091,000	0
Distributions paid to non-controlling interests	-2,987,000	0
Proceeds received from non-controlling interests	1,802,000	0
Payment of equity to third party sub-note holders	0	-307,000
Distributions paid on preferred stock	-6,044,000	-2,159,000
Other consolidated VIE -RSO financing activity	-10,677,000	-2,474,000
Net cash provided by financing activities of consolidated VIE-RSO, excluding eliminations	149,965,000	3,859,000
Decrease in cash	137,456,000	-95,584,000
Cash, beginning of year	79,905,000	262,270,000
Cash, end of period	217,361,000	166,686,000
Supplemental disclosures:
Interest expense paid in cash	9,378,000	8,576,000
Income taxes paid in cash	1,739,000	1,774,000
RSO [Member] | Redeemable Preferred Stock Series A [Member]
Payments on borrowings:
Proceeds from issuance of redeemable preferred shares, net of offering costs	0	4,440,000
RSO [Member] | Redeemable Preferred Stock Series B [Member]
Payments on borrowings:
Proceeds from issuance of redeemable preferred shares, net of offering costs	3,002,000	10,975,000
Reportable Legal Entities [Member] | RSO [Member]
Items included in Change in cash attributable to consolidated VIE-RSO:
Adjustments to reconcile net income and operating cash flows to net income of consolidated VIE-RSO	-145,688,000	97,292,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Subtotal - Purchase of loans and securities by consolidated VIE-RSO, before eliminations	-211,983,000	-217,701,000
Subtotal - principal payments and proceeds from sales received by consolidated VIE-RSO, before eliminations	153,189,000	137,314,000
Other investing activity of consolidated VIE-RSO	3,317,000	-25,375,000
Payments on borrowings:
Dividends paid	-26,563,000	-25,536,000
Other consolidated VIE -RSO financing activity	-10,777,000	-2,474,000
Consolidation, Eliminations [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	-10,599,000	-15,422,000
Items included in Change in cash attributable to consolidated VIE-RSO:
Equity in net (earnings) losses of unconsolidated subsidiaries	821,000	0
Changes in operating assets and liabilities, net of acquisitions	-27,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Subtotal - Purchase of loans and securities by consolidated VIE-RSO, before eliminations	0
Subtotal - principal payments and proceeds from sales received by consolidated VIE-RSO, before eliminations	0
(Increase) decrease in restricted cash	0
Acquisition of property and equipment	0
Other investing activity of consolidated VIE-RSO	0
Payments on borrowings:
Subtotal - net borrowings of debt by consolidated VIE-RSO	0
Dividends paid	0
Net proceeds from issuances of common stock (net of offering costs of $0 and $0)	0
Other consolidated VIE -RSO financing activity	100,000
Decrease in cash	0
Cash, beginning of year	0
Cash, end of period	0
Consolidation, Eliminations [Member] | RSO [Member]
Items included in Change in cash attributable to consolidated VIE-RSO:
Adjustments to reconcile net income and operating cash flows to net income of consolidated VIE-RSO	-27,000	-28,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Other investing activity of consolidated VIE-RSO	0	-391,000
Payments on borrowings:
Dividends paid	478,000	572,000
Other consolidated VIE -RSO financing activity	$100,000	$0

VARIABLE_INTEREST_ENTITIES_RSO4

VARIABLE INTEREST ENTITIES RSO Cash Flow Detail (Parenthetical) (Details) (RSO [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from dividend reinvestment and stock purchase plan, offering costs	$0	$0
Common Stock [Member]
CASH FLOWS FROM FINANCING ACTIVITIES:
Offering costs on stock issuance	0	0
Redeemable Preferred Stock Series A [Member]
CASH FLOWS FROM FINANCING ACTIVITIES:
Offering costs on stock issuance	0	0
Preferred stock, coupon authorized	8.50%
Redeemable Preferred Stock Series B [Member]
CASH FLOWS FROM FINANCING ACTIVITIES:
Offering costs on stock issuance	$111	$565
Preferred stock, coupon authorized	8.25%

VARIABLE_INTEREST_ENTITIES_VAR

VARIABLE INTEREST ENTITIES VARIABLE INTEREST ENTITIES (Schedule of Carrying Value of Assets and Liabilities of Consolidated VIEs) (Details) RSO (RSO [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
Variable Interest Entity [Line Items]
Cash and cash equivalents	$133,000	$25,000
ASSETS
Restricted cash	25,262,000	121,247,000
Investment securities available-for-sale, pledged as collateral, at fair value	94,658,000	119,203,000
Loans, pledged as collateral	1,445,136,000	1,261,137,000
Loans held for sale	73,892,000	282,000
Interest receivable	9,895,000	8,941,000
Prepaid assets	193,000	221,000
Principal paydown receivable	26,700,000	25,767,000
Other assets	-742,000	-12,000
Total assets of consolidated VIE-RSO	1,675,127,000	1,536,811,000
LIABILITIES
Borrowings	1,170,687,000	1,046,494,000
Accrued interest expense	1,329,000	1,000,000
Derivatives, at fair value	7,305,000	8,439,000
Unsettled loan purchases	0	-529,000
Accounts payable and other liabilities	56,000	-386,000
RSO [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents	133,000
ASSETS
Restricted cash	25,262,000
Investment securities available-for-sale, pledged as collateral, at fair value	94,658,000
Loans, pledged as collateral	1,445,136,000
Loans held for sale	73,892,000
Interest receivable	9,895,000
Prepaid assets	193,000
Principal paydown receivable	26,700,000
Other assets	-742,000
Total assets of consolidated VIE-RSO	1,675,127,000
LIABILITIES
Borrowings	1,170,687,000
Accrued interest expense	1,329,000
Derivatives, at fair value	7,305,000
Unsettled loan purchases	56,000
Accounts payable and other liabilities	1,179,377,000
Restricted cash available for reinvestment in certain of the CDOs	2,800,000
RSO [Member] | Apidos CDO I Ltd. [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents	0
ASSETS
Restricted cash	76,000
Investment securities available-for-sale, pledged as collateral, at fair value	0
Loans, pledged as collateral	153,000
Loans held for sale	0
Interest receivable	0
Prepaid assets	0
Principal paydown receivable	0
Other assets	0
Total assets of consolidated VIE-RSO	229,000
LIABILITIES
Borrowings	0
Accrued interest expense	0
Derivatives, at fair value	0
Unsettled loan purchases	0
Accounts payable and other liabilities	0
RSO [Member] | Apidos CDO III Ltd. [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents	0
ASSETS
Restricted cash	4,519,000
Investment securities available-for-sale, pledged as collateral, at fair value	2,856,000
Loans, pledged as collateral	-79,000
Loans held for sale	71,611,000
Interest receivable	433,000
Prepaid assets	15,000
Principal paydown receivable	0
Other assets	0
Total assets of consolidated VIE-RSO	79,355,000
LIABILITIES
Borrowings	67,028,000
Accrued interest expense	45,000
Derivatives, at fair value	0
Unsettled loan purchases	33,000
Accounts payable and other liabilities	67,106,000
RSO [Member] | Apidos Cinco CDO Ltd [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents	0
ASSETS
Restricted cash	17,227,000
Investment securities available-for-sale, pledged as collateral, at fair value	10,891,000
Loans, pledged as collateral	223,524,000
Loans held for sale	2,281,000
Interest receivable	744,000
Prepaid assets	40,000
Principal paydown receivable	0
Other assets	0
Total assets of consolidated VIE-RSO	254,707,000
LIABILITIES
Borrowings	229,644,000
Accrued interest expense	234,000
Derivatives, at fair value	0
Unsettled loan purchases	13,000
Accounts payable and other liabilities	229,891,000
RSO [Member] | Whitney CLO I, Ltd. [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents	0
ASSETS
Restricted cash	116,000
Investment securities available-for-sale, pledged as collateral, at fair value	0
Loans, pledged as collateral	0
Loans held for sale	0
Interest receivable	0
Prepaid assets	0
Principal paydown receivable	0
Other assets	0
Total assets of consolidated VIE-RSO	116,000
LIABILITIES
Borrowings	0
Accrued interest expense	0
Derivatives, at fair value	0
Unsettled loan purchases	0
Accounts payable and other liabilities	0
RSO [Member] | Resource Real Estate Funding CDO 2006-1 [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents	0
ASSETS
Restricted cash	18,000
Investment securities available-for-sale, pledged as collateral, at fair value	5,777,000
Loans, pledged as collateral	125,373,000
Loans held for sale	0
Interest receivable	2,485,000
Prepaid assets	47,000
Principal paydown receivable	0
Other assets	0
Total assets of consolidated VIE-RSO	133,700,000
LIABILITIES
Borrowings	52,958,000
Accrued interest expense	42,000
Derivatives, at fair value	608,000
Unsettled loan purchases	4,000
Accounts payable and other liabilities	53,612,000
RSO [Member] | Resource Real Estate Funding CDO 2007-1 [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents	0
ASSETS
Restricted cash	250,000
Investment securities available-for-sale, pledged as collateral, at fair value	57,930,000
Loans, pledged as collateral	199,987,000
Loans held for sale	0
Interest receivable	2,081,000
Prepaid assets	48,000
Principal paydown receivable	5,775,000
Other assets	0
Total assets of consolidated VIE-RSO	266,071,000
LIABILITIES
Borrowings	131,717,000
Accrued interest expense	148,000
Derivatives, at fair value	6,697,000
Unsettled loan purchases	1,000
Accounts payable and other liabilities	138,563,000
RSO [Member] | RCC CRE Notes 2013 [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents	0
ASSETS
Restricted cash	2,514,000
Investment securities available-for-sale, pledged as collateral, at fair value	0
Loans, pledged as collateral	204,181,000
Loans held for sale	0
Interest receivable	1,081,000
Prepaid assets	43,000
Principal paydown receivable	20,925,000
Other assets	0
Total assets of consolidated VIE-RSO	228,744,000
LIABILITIES
Borrowings	179,547,000
Accrued interest expense	289,000
Derivatives, at fair value	0
Unsettled loan purchases	0
Accounts payable and other liabilities	179,836,000
RSO [Member] | RCC CRE Notes 2014 [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents	0
ASSETS
Restricted cash	0
Investment securities available-for-sale, pledged as collateral, at fair value	0
Loans, pledged as collateral	350,362,000
Loans held for sale	0
Interest receivable	1,377,000
Prepaid assets	0
Principal paydown receivable	0
Other assets	9,000
Total assets of consolidated VIE-RSO	351,748,000
LIABILITIES
Borrowings	231,662,000
Accrued interest expense	195,000
Derivatives, at fair value	0
Unsettled loan purchases	0
Accounts payable and other liabilities	231,857,000
RSO [Member] | RCC CRE Notes 2015 [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents	0
ASSETS
Restricted cash	5,000
Investment securities available-for-sale, pledged as collateral, at fair value	0
Loans, pledged as collateral	341,635,000
Loans held for sale	0
Interest receivable	1,285,000
Prepaid assets	0
Principal paydown receivable	0
Other assets	0
Total assets of consolidated VIE-RSO	342,925,000
LIABILITIES
Borrowings	278,011,000
Accrued interest expense	376,000
Derivatives, at fair value	0
Unsettled loan purchases	3,000
Accounts payable and other liabilities	278,390,000
RSO [Member] | Moselle [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents	0
ASSETS
Restricted cash	537,000
Investment securities available-for-sale, pledged as collateral, at fair value	0
Loans, pledged as collateral	0
Loans held for sale	0
Interest receivable	0
Prepaid assets	0
Principal paydown receivable	0
Other assets	0
Total assets of consolidated VIE-RSO	537,000
LIABILITIES
Borrowings	120,000
Accrued interest expense	0
Derivatives, at fair value	0
Unsettled loan purchases	0
Accounts payable and other liabilities	120,000
RSO [Member] | RCM Global Manager, LLC [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents	133,000
ASSETS
Restricted cash	0
Investment securities available-for-sale, pledged as collateral, at fair value	17,204,000
Loans, pledged as collateral	0
Loans held for sale	0
Interest receivable	409,000
Prepaid assets	0
Principal paydown receivable	0
Other assets	-751,000
Total assets of consolidated VIE-RSO	16,995,000
LIABILITIES
Borrowings	0
Accrued interest expense	0
Derivatives, at fair value	0
Unsettled loan purchases	2,000
Accounts payable and other liabilities	$2,000

VARIABLE_INTEREST_ENTITIES_VAR1

VARIABLE INTEREST ENTITIES VARIABLE INTEREST ENTITIES (Schedule of Classification, Carrying Value, and Maximum Exposure to Loss of Unconsolidated VIEs) (Details) RSO (Variable Interest Entity, Not Primary Beneficiary [Member], USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	$1,588
RSO [Member]
Variable Interest Entity [Line Items]
Investment in unconsolidated entities	41,017
Intangible assets	8,990
Total assets	50,007
Borrowings	51,256
Total liabilities	51,256
Net asset (liability)	-1,249
RSO [Member] | Investments in Unconsolidated Entities [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	41,017
RSO [Member] | Intangible Assets [Member]
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	8,990
RSO [Member] | LEAF [Member]
Variable Interest Entity [Line Items]
Investment in unconsolidated entities	39,469
Intangible assets	0
Total assets	39,469
Borrowings	0
Total liabilities	0
Net asset (liability)	39,469
RSO [Member] | Unsecured Junior Subordinated Debentures [Member]
Variable Interest Entity [Line Items]
Investment in unconsolidated entities	1,548
Intangible assets	0
Total assets	1,548
Borrowings	51,256
Total liabilities	51,256
Net asset (liability)	-49,708
RSO [Member] | Resource Capital Asset Management [Member]
Variable Interest Entity [Line Items]
Investment in unconsolidated entities	0
Intangible assets	8,990
Total assets	8,990
Borrowings	0
Total liabilities	0
Net asset (liability)	$8,990

VARIABLE_INTEREST_ENTITIES_VAR2

VARIABLE INTEREST ENTITIES VARIABLE INTEREST ENTITIES (Details) RSO (USD $)	3 Months Ended		1 Months Ended	0 Months Ended	1 Months Ended		12 Months Ended	1 Months Ended		0 Months Ended	1 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Oct. 31, 2012	Nov. 16, 2011	Feb. 28, 2011	31-May-13	Dec. 31, 2014	Feb. 28, 2013	Feb. 28, 2014	Jul. 29, 2014	Sep. 30, 2014
					Entity			Entity
Variable Interest Entity [Line Items]
Borrowings	$21,174,000						$20,412,000
Investment in RCAM [Member]
Variable Interest Entity [Line Items]
Fee income	965,000	1,700,000
RSO [Member]
Variable Interest Entity [Line Items]
Number Of Credits Supported In VIEs	2
Investments in unconsolidated entities	55,488,000						59,827,000
Borrowings	1,924,932,000						1,717,076,000
Intangible assets	9,229,000						9,736,000
Fee income	1,605,000	2,500,000
Preferred equity acquired			66.60%
RSO [Member] | Series B Preferred Stock [Member]
Variable Interest Entity [Line Items]
Preferred stock, coupon authorized				8.00%
RSO [Member] | Investment in RCAM [Member]
Variable Interest Entity [Line Items]
Number of CLOs held by purchased entity					5
Acquisition					22,500,000
Intangible assets	9,000,000						9,400,000
Fee income	965,000	1,700,000
RSO [Member] | RSO [Member]
Variable Interest Entity [Line Items]
Number of consolidated VIEs	12
Financial support provided to VIEs	0	500,000
RSO [Member] | RSO [Member] | Moselle [Member]
Variable Interest Entity [Line Items]
Payments to Acquire Equity Method Investments	30,400,000
RSO [Member] | RSO [Member] | Investment in RCAM [Member]
Variable Interest Entity [Line Items]
Preferred equity acquired			66.60%			68.30%
RSO [Member] | RCM Global Manager, LLC [Member]
Variable Interest Entity [Line Items]
Ownership percentage in VIE	53.20%
RSO [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | LEAF [Member]
Variable Interest Entity [Line Items]
Ownership percentage in VIE	28.40%			26.70%
Investments in unconsolidated entities	39,500,000			36,300,000			39,400,000
Variable interest entity, number of board positions held by the company	2
Variable interest entity, total number of board positions	6
RSO [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | LEAF [Member] | Series A Preferred Stock [Member]
Variable Interest Entity [Line Items]
Shares received in equity method transaction (in shares)				31,341
Payments to Acquire Equity Method Investments							3,700,000
RSO [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | LEAF [Member] | Series B Preferred Stock [Member]
Variable Interest Entity [Line Items]
Shares received in equity method transaction (in shares)				4,872
RSO [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | LEAF [Member] | Series D Preferred Stock [Member]
Variable Interest Entity [Line Items]
Shares received in equity method transaction (in shares)				2,364
RSO [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | LEAF [Member] | Series A1 Preferred Stock [Member]
Variable Interest Entity [Line Items]
Shares received in equity method transaction (in shares)							3,682
RSO [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | LEAF [Member] | Series E Preferred Stock [Member]
Variable Interest Entity [Line Items]
Shares received in equity method transaction (in shares)							4,445
Payments to Acquire Equity Method Investments							4,400,000
RSO [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Investment in RCT I and RCT II [Member]
Variable Interest Entity [Line Items]
Ownership percentage in VIE	100.00%
Investments in unconsolidated entities	1,500,000
RSO [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Interest in RCT I [Member]
Variable Interest Entity [Line Items]
Percentage of total value of trusts owned	3.00%
Borrowings	25,800,000
RSO [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Interest in RCT II [Member]
Variable Interest Entity [Line Items]
Percentage of total value of trusts owned	3.00%
Borrowings	25,800,000
RSO [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Investment in RCAM [Member]
Variable Interest Entity [Line Items]
Number of CLOs held by purchased entity					4
Number of Collateralized Loan Obligations Liquidated								1
Class 1 Subordinated Notes [Member] | RSO [Member] | Moselle [Member]
Variable Interest Entity [Line Items]
Percentage of Outstanding Notes Purchased									100.00%
Class 2 Subordinated Notes [Member] | RSO [Member] | Moselle [Member]
Variable Interest Entity [Line Items]
Percentage of Outstanding Notes Purchased									67.90%
RCC Residential, Inc. [Member] | RSO [Member]
Variable Interest Entity [Line Items]
Payments to Acquire Equity Method Investments										15,000,000
Ownership percentage										63.80%
Payments to Acquire Businesses and Interest in Affiliates										23,500,000
Pelium [Member] | RSO [Member]
Variable Interest Entity [Line Items]
Payments to Acquire Equity Method Investments											17,500,000
Ownership percentage	71.80%										80.40%
Subsidiary of Limited Liability Company or Limited Partnership, Ownership Interest											10.00%
Ownership Percentage, Duration											5 years
Subsidiary of Limited Liability Company or Limited Partnership, Ownership Interest Increase	20.00%
Partners' Capital Account, Contributions											40,000,000
Payments to Acquire Interest in Subsidiaries and Affiliates											$2,500,000

VARIABLE_INTEREST_ENTITIES_SUP

VARIABLE INTEREST ENTITIES SUPPLEMENTAL CASH FLOW INFORMATION (Details) RSO (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Non-cash financing activities include the following:
Dividends payable	$1,306		$1,312
Issuance of restricted stock	3,900	3,700
RSO [Member]
Class of Stock [Line Items]
Assumption of direct financing leases and other assets	48,605	0
Non-cash financing activities include the following:
Issuance of restricted stock	1,163	640
Contribution of equipment-backed securitized notes and other liabilities	33,377	0
RSO [Member] | Common Stock [Member]
Non-cash financing activities include the following:
Dividends payable	21,423	25,663
RSO [Member] | Redeemable Preferred Stock [Member]
Non-cash financing activities include the following:
Dividends payable	$6,116	$2,520

VARIABLE_INTEREST_ENTITIES_INV

VARIABLE INTEREST ENTITIES INVESTMENT SECURITIES TRADING (Schedule of Investment Trading Securities at Fair Value) (Details) RSO (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair Value	$266	$475
RSO [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amortized Cost	32,204	24,772
Unrealized Gains	2,063	1,098
Unrealized Losses	4,497	5,084
Fair Value	29,770	20,786
RSO [Member] | Structured notes [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amortized Cost	30,308	22,876
Unrealized Gains	2,063	1,098
Unrealized Losses	2,601	3,188
Fair Value	29,770	20,786
RSO [Member] | RMBS [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amortized Cost	1,896	1,896
Unrealized Gains	0	0
Unrealized Losses	1,896	1,896
Fair Value	$0	$0

VARIABLE_INTEREST_ENTITIES_INV1

VARIABLE INTEREST ENTITIES INVESTMENT SECURITIES TRADING (Details) RSO (RSO [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
	Security	Security
RSO [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading Securities, Number Sold	12
Trading Securities, Realized Gain	$432
Number of trading securities held	45	37

VARIABLE_INTEREST_ENTITIES_INV2

VARIABLE INTEREST ENTITIES INVESTMENT SECURITIES AVAILABLE-FOR-SALE (Schedule of Available-for-Sale Securities, Fair Value) (Details) RSO (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Schedule of Available-for-sale Securities [Line Items]
Cost or Amortized Cost	$8,333	$7,850
Unrealized Losses	-224	-176
Fair Value	9,519	9,065
RSO [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost or Amortized Cost	265,322	256,515
Unrealized Gains	19,889	22,761
Unrealized Losses	-1,141	-3,556
Fair Value	284,070	275,720
RSO [Member] | CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost or Amortized Cost	188,052	168,669
Unrealized Gains	6,450	4,938
Unrealized Losses	-734	-3,202
Fair Value	193,768	170,405
RSO [Member] | RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost or Amortized Cost	28,964	29,814
Unrealized Gains	1,192	937
Unrealized Losses	0	0
Fair Value	30,156	30,751
RSO [Member] | ABS [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost or Amortized Cost	45,889	55,617
Unrealized Gains	12,233	16,876
Unrealized Losses	-387	-336
Fair Value	57,735	72,157
RSO [Member] | Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost or Amortized Cost	2,417	2,415
Unrealized Gains	14	10
Unrealized Losses	-20	-18
Fair Value	$2,411	$2,407

VARIABLE_INTEREST_ENTITIES_INV3

VARIABLE INTEREST ENTITIES INVESTMENT SECURITIES AVAILABLE-FOR-SALE (Estimated Maturities of Available-For-Sale Securities) (Details) RSO (RSO [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
RSO [Member]
Fair Value
Less than one year	$84,119	$78,095
Greater than one year and less than five years	125,176	115,302
Greater than five years and less than ten years	16,808	20,177
Greater than ten years	57,967	62,146
Total	284,070	275,720
Amortized Cost
Less than one year	82,983	79,649
Greater than one year and less than five years	113,882	100,909
Greater than five years and less than ten years	14,358	17,516
Greater than ten years	54,099	58,441
Total	$265,322	$256,515
Weighted Average Coupon
Less than one year	4.97%	4.13%
Greater than one year and less than five years	8.34%	4.64%
Greater than five years	10.86%	16.45%
Weighted average coupon rate, greater than ten years	6.50%	7.86%
Total	7.12%	6.08%

VARIABLE_INTEREST_ENTITIES_INV4

VARIABLE INTEREST ENTITIES INVESTMENT SECURITIES AVAILABLE-FOR-SALE (Gross Unrealized Loss and Fair Value of Securities) (Details) RSO (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Fair Value, Less than 12 Months	$3,154	$2,643
Unrealized Losses, Less than 12 Months	-224	-176
Fair Value, More than 12 Months	0	0
Unrealized Losses, More than 12 Months	0	0
RSO [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Fair Value, Less than 12 Months	27,024	38,307
Unrealized Losses, Less than 12 Months	-241	-851
Number of Securities, Less than 12 Months	21	31
Fair Value, More than 12 Months	17,784	26,541
Unrealized Losses, More than 12 Months	-900	-2,705
Number of Securities, More than 12 Months	21	16
Fair Value, Total	44,808	64,848
Gross Unrealized Losses, Total	-1,141	-3,556
Number of Securities, Total	42	47
RSO [Member] | CMBS [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Fair Value, Less than 12 Months	25,380	35,860
Unrealized Losses, Less than 12 Months	-220	-555
Number of Securities, Less than 12 Months	19	22
Fair Value, More than 12 Months	16,396	25,583
Unrealized Losses, More than 12 Months	-514	-2,647
Number of Securities, More than 12 Months	12	13
Fair Value, Total	41,776	61,443
Gross Unrealized Losses, Total	-734	-3,202
Number of Securities, Total	31	35
RSO [Member] | ABS [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Fair Value, Less than 12 Months	197	1,000
Unrealized Losses, Less than 12 Months	-1	-278
Number of Securities, Less than 12 Months	1	8
Fair Value, More than 12 Months	1,388	958
Unrealized Losses, More than 12 Months	-386	-58
Number of Securities, More than 12 Months	9	3
Fair Value, Total	1,585	1,958
Gross Unrealized Losses, Total	-387	-336
Number of Securities, Total	10	11
RSO [Member] | Corporate bonds [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Fair Value, Less than 12 Months	1,447	1,447
Unrealized Losses, Less than 12 Months	-20	-18
Number of Securities, Less than 12 Months	1	1
Fair Value, More than 12 Months	0	0
Unrealized Losses, More than 12 Months	0	0
Number of Securities, More than 12 Months	0	0
Fair Value, Total	1,447	1,447
Gross Unrealized Losses, Total	($20)	($18)
Number of Securities, Total	1	1

VARIABLE_INTEREST_ENTITIES_INV5

VARIABLE INTEREST ENTITIES INVESTMENT SECURITIES AVAILABLE-FOR-SALE (Sales of Available-for-sale Securities) (Details) RSO (RSO [Member], USD $)	12 Months Ended	3 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Mar. 31, 2015
	Security	Security
CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Positions Sold	3
Par Amount Sold	$12,500
Realized Gain (Loss)	-298
ABS [Member]
Schedule of Available-for-sale Securities [Line Items]
Positions Sold		4
Par Amount Sold		9,411
Realized Gain (Loss)		$2,669

VARIABLE_INTEREST_ENTITIES_INV6

VARIABLE INTEREST ENTITIES INVESTMENT SECURITIES AVAILABLE-FOR-SALE (Details) RSO (RSO [Member], USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale, pledged as collateral, at fair value	$161,971,000		$197,800,000
Net impairment losses recognized in earnings	59,000	0
CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Net impairment losses recognized in earnings	0
ABS [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities redeemed	2	1
Par value of securities redeemed	2,500,000	2,500,000
Realized gains on redemption	3,600,000	26,000
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities redeemed		1
Par value of securities redeemed		630,000
Available-for-sale Securities, Gross Realized Losses on Redemption		$1,000

VARIABLE_INTEREST_ENTITIES_INV7

VARIABLE INTEREST ENTITIES INVESTMENTS IN REAL ESTATE (Details) RSO (RSO [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
RSO [Member]
Real Estate Line Items [Line Items]
Property held for sale	$180		$180
Gain on sale of properties	($22)	$0

VARIABLE_INTEREST_ENTITIES_LOA

VARIABLE INTEREST ENTITIES LOANS HELD FOR INVESTMENT (Summary of Loans) (Details) RSO (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Principal, allowance for loan loss	($17,360,000)	($16,990,000)	($37,451,000)	($36,243,000)
RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Principal, loans before allowances	1,977,243,000	1,940,406,000
Unamortized (Discount) Premium, loans before allowances	-9,608,000	-9,813,000
Carrying Value, loans before allowances	1,967,635,000	1,930,593,000
Principal, allowance for loan loss	-7,385,000	-4,613,000
Unamortized (Discount) Premium, allowance for loan loss	0	0
Carrying Value, allowance for loan loss	-7,385,000	-4,613,000
Principal, Total	1,969,858,000	1,935,793,000
Unamortized (discount) premium, Loans Held for Investment, net	-9,608,000	-9,813,000
Unamortized (Discount) Premium, Total	-9,805,000	-9,813,000
Carrying Value, Total	1,960,250,000	1,925,980,000
Loans Receivable Held-for-sale, Amount	248,451,000	111,736,000
Loans Receivable Held-for-sale, Amount, Carrying Value	248,254,000	111,736,000
Unamortized (discount) premium, Loans Held for Sale	-197,000
Financing Receivable, Net and Loans Receivable Held-for-sale	2,218,309,000	2,047,529,000
Net Carrying Value of Loans Held for Investment and Loans Held for Sale	2,208,504,000	2,037,716,000
Deferred amendment fees	110,000	88,000
Loans Receivable Held-for-sale, Unrealized Loss	197,000
Agency-Conforming [Member] | RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable Held-for-sale, Amount	58,300,000	28,900,000
Jumbo Mortgage Loans [Member] | RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable Held-for-sale, Amount	116,100,000	82,600,000
Residential Mortgage Loans [Member] | RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unamortized (Discount) Premium, loans before allowances	-197,000
Loans Receivable Held-for-sale, Amount	174,559,000	111,454,000
Whole Loans [Member] | RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Principal, Total	1,362,382,000	1,263,592,000
B Notes [Member] | RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Principal, Total	16,031,000	16,072,000
Mezzanine Loans [Member] | RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Principal, Total	67,471,000	67,366,000
Commercial Real Estate Loans [Member] | RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan origination fees	8,000,000	7,600,000
Bank Loans [Member] | RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Principal, Total	298,209,000	330,930,000
Deferred upfront fee	68,000	82,000
Middle-market Loans [Member] | RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Principal, loans before allowances	295,478,000	250,859,000
Unamortized (Discount) Premium, loans before allowances	-685,000	-746,000
Carrying Value, loans before allowances	294,793,000	250,113,000
Residential Mortgage Loans [Member] | RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Principal, loans before allowances	2,641,000	2,802,000
Unamortized (Discount) Premium, loans before allowances	0	0
Carrying Value, loans before allowances	2,641,000	2,802,000
Loans Receivable Held-for-sale, Amount, Carrying Value	174,362,000	111,454,000
Bank Loans [Member] | RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Principal, loans before allowances	225,216,000	332,058,000
Unamortized (Discount) Premium, loans before allowances	-899,000	-1,410,000
Carrying Value, loans before allowances	224,317,000	330,648,000
Loans Receivable Held-for-sale, Amount	73,892,000	282,000
Commercial Real Estate Loans [Member] | RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Principal, loans before allowances	1,453,908,000	1,354,687,000
Unamortized (Discount) Premium, loans before allowances	-8,024,000	-7,657,000
Carrying Value, loans before allowances	1,445,884,000	1,347,030,000
Commercial Real Estate Loans [Member] | Mezzanine Loans [Member] | RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Principal, loans before allowances	67,535,000	67,446,000
Unamortized (Discount) Premium, loans before allowances	-64,000	-80,000
Carrying Value, loans before allowances	67,471,000	67,366,000
Commercial Real Estate Loans [Member] | B Notes [Member] | RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Principal, loans before allowances	16,070,000	16,120,000
Unamortized (Discount) Premium, loans before allowances	-39,000	-48,000
Carrying Value, loans before allowances	16,031,000	16,072,000
Commercial Real Estate Loans [Member] | Whole Loans [Member] | RSO [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Principal, loans before allowances	1,370,303,000	1,271,121,000
Unamortized (Discount) Premium, loans before allowances	-7,921,000	-7,529,000
Carrying Value, loans before allowances	$1,362,382,000	$1,263,592,000

VARIABLE_INTEREST_ENTITIES_LOA1

VARIABLE INTEREST ENTITIES LOANS HELD FOR INVESTMENT (Weighted Average Life of Middle-Market and Bank Loans, at Amortized Cost) (Details) RSO (RSO [Member], Bank Loans [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
RSO [Member] | Bank Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less than one year	$1,625	$7,829
Greater than one year and less than five years	282,658	274,332
Five years or greater	13,926	48,769
Loans held for investment, amortized cost	$298,209	$330,930

VARIABLE_INTEREST_ENTITIES_LOA2

VARIABLE INTEREST ENTITIES LOANS HELD FOR INVESTMENT (Commercial Real Estate Loans Held for Investment) (Details) RSO (RSO [Member], USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2013	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Stated interest rate	10.00%
Allowance for loan loss	7,385,000		4,613,000
Whole Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed contractual interest in floating rate whole loan			15.00%
Whole Loans, Floating Rate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
The amortized cost of loans held for investments, fixed rate whole loans included in floating rate whole loans.			2,000,000
Whole Loans, Fixed Rate, Loan One [Member] [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed contractual interest in floating rate whole loan	12.00%
Preferred equity tranche [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	799,000
Fixed preferred equity interest in floating rate whole loan			10.00%
Mezzanine Loans, Floating Rate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Variable rate basis	LIBOR	LIBOR
Basis spread on variable rate	15.32%		15.32%
Mezzanine Loans, Fixed Rate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loan tranches	2
Mezzanine Loans, Fixed Rate, Tranche One [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Stated interest rate	0.50%
Mezzanine Loans, Fixed Rate, Tranche Two [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Basis spread on variable rate	18.50%		18.50%
Stated interest rate	0.50%
Minimum [Member] | Whole Loans, Floating Rate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Variable rate basis	LIBOR	LIBOR
Basis spread on variable rate	2.13%		2.68%
Maturity Dates	Oct-14	Mar-14
Minimum [Member] | Mezzanine Loans, Fixed Rate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Stated interest rate	0.50%		0.50%
Maturity Dates	Sep-14	Sep-14
Maximum [Member] | Whole Loans, Floating Rate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Variable rate basis	LIBOR	LIBOR
Basis spread on variable rate	12.14%		12.14%
Maturity Dates	Feb-19	Feb-19
Maximum [Member] | Mezzanine Loans, Fixed Rate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Stated interest rate	18.71%		18.72%
Maturity Dates	Sep-21	Sep-19
Whole Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan loss	3,923,000		3,758,000
Whole Loans, Floating Rate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, unfunded loan commitments	96,800,000		105,100,000
Not included in total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan loss	4,000,000		4,000,000
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Quantity	79		78
Amortized Cost	1,445,884,000		1,347,030,000
Allowance for loan loss	720,000		570,000
Commercial Real Estate Loans [Member] | Whole Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost	1,362,382,000		1,263,592,000
Fixed contractual interest in floating rate whole loan, Rate Two			15.00%
Commercial Real Estate Loans [Member] | Whole Loans, Floating Rate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Quantity	74		73
Amortized Cost	1,362,382,000		1,263,592,000
Quantity of Loans, Fixed Contractual Interest in Floating Rate Whole Loan, Rate One	2
The amortized cost of loans held for investments, fixed rate whole loans included in floating rate whole loans.	12,000,000
Quantity of Loans, Fixed Contractual Interest in Floating Rate Whole Loan, Rate Two	2
Commercial Real Estate Loans [Member] | Mezzanine Loans, Fixed Rate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Quantity	3		3
Amortized Cost	54,812,000		54,808,000
Commercial Real Estate Loans [Member] | B Notes, Fixed Rate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Quantity	1		1
Amortized Cost	16,031,000		16,072,000
Stated interest rate	8.68%		8.68%
Commercial Real Estate Loans [Member] | B Notes, Fixed Rate [Member] | Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maturity Dates	Apr-16		Apr-16
Commercial Real Estate Loans [Member] | Mezzanine Loans, Floating Rate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Quantity	1		1
Amortized Cost	12,659,000		12,558,000
Maturity Dates	Apr-16	Apr-16
The amortized cost of loans held for investments, fixed rate whole loans included in floating rate whole loans.			4,200,000

VARIABLE_INTEREST_ENTITIES_LOA3

VARIABLE INTEREST ENTITIES LOANS HELD FOR INVESTMENT (Weighted Average Life of Commercial Real Estate Loans, at Amortized Cost) (Details) RSO (RSO [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Middle-market Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less than one year	$0	$0
Loans held for investment, amortized cost	294,793	250,113
Greater than one year and less than five years	158,183	132,353
Five years or greater	136,610	117,760
Bank Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less than one year	1,625	7,829
Loans held for investment, amortized cost	298,209	330,930
Greater than one year and less than five years	282,658	274,332
Five years or greater	13,926	48,769
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2014	0	0
2015	60,448	60,473
2016 and Thereafter	1,385,436	1,286,557
Loans held for investment, amortized cost	1,445,884	1,347,030
Commercial Real Estate Loans [Member] | Whole Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2014	0	0
2015	27,678	27,665
2016 and Thereafter	1,334,704	1,235,927
Loans held for investment, amortized cost	1,362,382	1,263,592
Commercial Real Estate Loans [Member] | Mezzanine Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2014	0	0
2015	16,739	16,736
2016 and Thereafter	50,732	50,630
Loans held for investment, amortized cost	67,471	67,366
Commercial Real Estate Loans [Member] | B Notes [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2014	0	0
2015	16,031	16,072
2016 and Thereafter	0	0
Loans held for investment, amortized cost	$16,031	$16,072

VARIABLE_INTEREST_ENTITIES_LOA4

VARIABLE INTEREST ENTITIES LOANS HELD FOR INVESTMENT (Allocation of Allowance for Loan Loss for Commercial and Bank Loans) (Details) RSO (RSO [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Receivables with Imputed Interest [Line Items]
Allowance for Loan Loss	$7,385	$4,613
Middle-market Loans [Member]
Receivables with Imputed Interest [Line Items]
Allowance for Loan Loss	2,512
Percentage of Total Allowance	34.01%
Bank Loans [Member]
Receivables with Imputed Interest [Line Items]
Allowance for Loan Loss	720	570
Percentage of Total Allowance	9.75%	12.36%
Whole Loans [Member]
Receivables with Imputed Interest [Line Items]
Allowance for Loan Loss	3,923	3,758
Percentage of Total Allowance	53.12%	81.47%
Mezzanine Loans [Member]
Receivables with Imputed Interest [Line Items]
Allowance for Loan Loss	98	230
Percentage of Total Allowance	1.33%	4.99%
B Notes [Member]
Receivables with Imputed Interest [Line Items]
Allowance for Loan Loss	22	55
Percentage of Total Allowance	0.30%	1.19%
Residential Mortgage Loans [Member]
Receivables with Imputed Interest [Line Items]
Allowance for Loan Loss	$110
Percentage of Total Allowance	1.49%

VARIABLE_INTEREST_ENTITIES_LOA5

VARIABLE INTEREST ENTITIES LOANS HELD FOR INVESTMENT (Details) RSO (RSO [Member], USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale, net	248,254,000		$111,736,000
Allowance for loan loss	7,385,000		4,613,000
Principal paydown receivable	26,906,000		40,920,000
Loans, allowances	7,400,000		4,600,000
Bank Loans [Member] | Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Variable rate basis	three month LIBOR	three month LIBOR
Bank Loans [Member] | Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Variable rate basis	three month LIBOR	three month LIBOR
Middle-market Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale, net	292,300,000
Allowance for loan loss	2,512,000
Bank Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale, net	298,200,000		330,400,000
Allowance for loan loss	720,000		570,000
Residential Mortgage Loans [Member] | Georgia [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration of loan portfolio risk (in hundredths)	44.00%		56.00%
Residential Mortgage Loans [Member] | UTAH
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration of loan portfolio risk (in hundredths)	12.00%		8.00%
Residential Mortgage Loans [Member] | Virginia [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration of loan portfolio risk (in hundredths)	9.00%		7.00%
Residential Mortgage Loans [Member] | MARYLAND
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration of loan portfolio risk (in hundredths)	5.00%
Residential Mortgage Loans [Member] | Alabama [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration of loan portfolio risk (in hundredths)			5.00%
Residential Mortgage Loans [Member] | Tennessee [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration of loan portfolio risk (in hundredths)			4.00%
Middle-market Loans [Member] | Industry Grouping of Persona, Food and Miscellaneous Service [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration of loan portfolio risk (in hundredths)	11.50%		13.10%
Middle-market Loans [Member] | Hotels, Motels, Inns, and Gaming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration of loan portfolio risk (in hundredths)	10.30%		13.70%
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan loss	720,000		$570,000
Commercial Real Estate Loans [Member] | California [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration of loan portfolio risk (in hundredths)	26.90%		27.40%
Commercial Real Estate Loans [Member] | Arizona [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration of loan portfolio risk (in hundredths)	6.80%		7.30%
Commercial Real Estate Loans [Member] | Texas [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration of loan portfolio risk (in hundredths)	26.50%		27.30%
Commercial Real Estate Loans [Member] | Industry Grouping of Healthcare, Education and Childcare [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration of loan portfolio risk (in hundredths)	16.70%		17.50%
LIBOR [Member] | Middle-market Loans [Member] | Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Basis spread on variable rate	5.50%		5.50%
LIBOR [Member] | Middle-market Loans [Member] | Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Basis spread on variable rate	11.75%		9.25%
LIBOR [Member] | Bank Loans [Member] | Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Basis spread on variable rate	1.50%		1.75%
LIBOR [Member] | Bank Loans [Member] | Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Basis spread on variable rate	8.75%		8.75%

VARIABLE_INTEREST_ENTITIES_INV8

VARIABLE INTEREST ENTITIES INVESTMENTS IN UNCONSOLIDATED ENTITIES (Schedule of Investments) (Details) (RSO [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Nov. 16, 2011
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	$55,488		$59,827
Income (loss) and interest expense from equity method investments	1,299	3,831
Varde Investment Partners, LP [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	7.50%
Investments in unconsolidated entities	654		654
Income (loss) and interest expense from equity method investments	0	-1
RRE VIP Borrower, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	0		0
Income (loss) and interest expense from equity method investments	46	866
Interest in LCC [Member]
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	39,469		39,416
Income (loss) and interest expense from equity method investments	52	-594
Investment in CVC Global Opps Fund [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	20.60%
Investments in unconsolidated entities	13,817		18,209
Income (loss) and interest expense from equity method investments	608	834
Investment in Life Care Funding, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	50.20%
Investments in unconsolidated entities	0		0
Income (loss) and interest expense from equity method investments	0	-75
Investment in School Lane House [Member]
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	0		0
Income (loss) and interest expense from equity method investments	0	984
Investments in Unconsolidated Entities [Member]
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	53,940		58,279
Income (loss) and interest expense from equity method investments	706	2,014
Investment in RCT I and RCT II [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	3.00%
Investments in unconsolidated entities	1,548		1,548
Income (loss) and interest expense from equity method investments	593	589
Investment in Preferred Equity [Member]
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	0		0
Income (loss) and interest expense from equity method investments	0	1,228
Minimum [Member] | RRE VIP Borrower, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	3.00%
Maximum [Member] | RRE VIP Borrower, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	5.00%
Variable Interest Entity, Not Primary Beneficiary [Member] | LEAF Commercial Capital Inc [Member]
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	$39,500		$39,400	$36,300
Variable Interest Entity, Not Primary Beneficiary [Member] | LEAF Commercial Capital Inc [Member] | Interest in LCC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	28.40%

VARIABLE_INTEREST_ENTITIES_INV9

VARIABLE INTEREST ENTITIES INVESTMENTS IN UNCONSOLIDATED ENTITIES (Details) RSO (RSO [Member], Investment in Life Care Funding, LLC [Member], USD $)	1 Months Ended
In Millions, unless otherwise specified	Feb. 28, 2014	Jan. 31, 2013
RSO [Member] | Investment in Life Care Funding, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Payments to Acquire Equity Method Investments	$1.40	$2

VARIABLE_INTEREST_ENTITIES_FIN

VARIABLE INTEREST ENTITIES FINANCING RECEIVABLES (Allowance for Loan Losses and Recorded Investments in Loans) (Details) RSO (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Activity in the allowance for credit losses of financing receivables [Roll Forward]
Loans charged-off	($32)	($1)
Recoveries	0	1
Allowance for losses, ending balance:
Individually evaluated for impairment	17,360	37,441
Collectively evaluated for impairment	0	10
Loans, ending balance:
Individually evaluated for impairment	44,146		47,293
Collectively evaluated for impairment	118		88
RSO [Member]
Activity in the allowance for credit losses of financing receivables [Roll Forward]
Allowance for losses at beginning of period	4,613	13,807	13,807
Provision (recovery) for loan losses	3,990		1,804
Loans charged-off	-1,328		-10,998
Recoveries	110
Allowance for losses at end of period	7,385		4,613
Allowance for losses, ending balance:
Individually evaluated for impairment	4,800		570
Collectively evaluated for impairment	2,585		4,043
Loans acquired with deteriorated credit quality	0		0
Loans, ending balance:
Individually evaluated for impairment	462,417		418,920
Collectively evaluated for impairment	1,580,339		1,513,232
Loans acquired with deteriorated credit quality	0		0
RSO [Member] | Commercial Real Estate Loans [Member]
Activity in the allowance for credit losses of financing receivables [Roll Forward]
Allowance for losses at beginning of period	4,043	10,416	10,416
Provision (recovery) for loan losses	0		-3,758
Loans charged-off	0		-2,615
Recoveries	0
Allowance for losses at end of period	4,043		4,043
Allowance for losses, ending balance:
Individually evaluated for impairment	2,202		0
Collectively evaluated for impairment	1,841		4,043
Loans acquired with deteriorated credit quality	0		0
Loans, ending balance:
Individually evaluated for impairment	166,180		166,180
Collectively evaluated for impairment	1,279,704		1,180,850
Loans acquired with deteriorated credit quality	0		0
RSO [Member] | Bank Loans [Member]
Activity in the allowance for credit losses of financing receivables [Roll Forward]
Allowance for losses at beginning of period	570	3,391	3,391
Provision (recovery) for loan losses	1,415		4,173
Loans charged-off	-1,265		-6,994
Recoveries	0
Allowance for losses at end of period	720		570
Allowance for losses, ending balance:
Individually evaluated for impairment	86		570
Collectively evaluated for impairment	634		0
Loans acquired with deteriorated credit quality	0		0
Loans, ending balance:
Individually evaluated for impairment	215		1,350
Collectively evaluated for impairment	297,994		329,580
Loans acquired with deteriorated credit quality	0		0
RSO [Member] | Middle-market Loans [Member]
Activity in the allowance for credit losses of financing receivables [Roll Forward]
Allowance for losses at beginning of period	0	0	0
Provision (recovery) for loan losses	2,566		92
Loans charged-off	-54		-92
Recoveries	0
Allowance for losses at end of period	2,512		0
Allowance for losses, ending balance:
Individually evaluated for impairment	2,512		0
Collectively evaluated for impairment	0		0
Loans acquired with deteriorated credit quality	0		0
Loans, ending balance:
Individually evaluated for impairment	294,793		250,113
Collectively evaluated for impairment	0		0
Loans acquired with deteriorated credit quality	0		0
RSO [Member] | Residential Mortgage Loans [Member]
Activity in the allowance for credit losses of financing receivables [Roll Forward]
Allowance for losses at beginning of period	0	0	0
Provision (recovery) for loan losses	197		0
Loans charged-off	-197		0
Recoveries	110
Allowance for losses at end of period	110		0
Allowance for losses, ending balance:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	110		0
Loans acquired with deteriorated credit quality	0		0
Loans, ending balance:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	2,641		2,802
Loans acquired with deteriorated credit quality	0		0
RSO [Member] | Loans Receivable - Related Party [Member]
Activity in the allowance for credit losses of financing receivables [Roll Forward]
Allowance for losses at beginning of period	0	0	0
Provision (recovery) for loan losses	-188		1,297
Loans charged-off	188		-1,297
Recoveries	0
Allowance for losses at end of period	0		0
Allowance for losses, ending balance:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	0		0
Loans acquired with deteriorated credit quality	0		0
Loans, ending balance:
Individually evaluated for impairment	1,229		1,277
Collectively evaluated for impairment	0		0
Loans acquired with deteriorated credit quality	$0		$0

VARIABLE_INTEREST_ENTITIES_FIN1

VARIABLE INTEREST ENTITIES FINANCING RECEIVABLES (Credit Risk Profiles and Middle Market Loans) (Details) RSO (RSO [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and receivables	$1,969,858	$1,935,793
Loans Receivable Held-for-sale, Amount	248,451	111,736
Bank Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and receivables	298,209	330,930
Bank Loans [Member] | Rating 1 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and receivables	200,966	291,214
Bank Loans [Member] | Rating 2 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and receivables	16,081	32,660
Bank Loans [Member] | Rating 3 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and receivables	5,257	5,424
Bank Loans [Member] | Rating 4 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and receivables	1,798	0
Bank Loans [Member] | Rating 5 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and receivables	215	1,350
Bank Loans [Member] | Held for Sale [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and receivables	73,900	282
Loans Receivable Held-for-sale, Amount	73,892	282
Middle-market Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and receivables	294,793	250,113
Middle-market Loans [Member] | Rating 1 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and receivables	0	0
Middle-market Loans [Member] | Rating 2 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and receivables	284,937	240,245
Middle-market Loans [Member] | Rating 3 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and receivables	4,900	9,868
Middle-market Loans [Member] | Rating 4 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and receivables	0	0
Middle-market Loans [Member] | Rating 5 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and receivables	4,956	0
Middle-market Loans [Member] | Held for Sale [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable Held-for-sale, Amount	$0	$0

VARIABLE_INTEREST_ENTITIES_FIN2

VARIABLE INTEREST ENTITIES FINANCING RECEIVABLES (Credit Risk Profiles of Commercial Real Estate Loans) (Details) RSO (RSO [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Schedule Of Financing Receivables [Line Items]
Loans and receivables	$1,969,858	$1,935,793
Loans Receivable Held-for-sale, Amount	248,451	111,736
Whole Loans [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	1,362,382	1,263,592
Whole Loans [Member] | Rating 1 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	1,329,882	1,231,092
Whole Loans [Member] | Rating 2 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	32,500	32,500
Whole Loans [Member] | Rating 3 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	0	0
Whole Loans [Member] | Rating 4 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	0	0
Whole Loans [Member] | Held for Sale [Member]
Schedule Of Financing Receivables [Line Items]
Loans Receivable Held-for-sale, Amount	0	0
B Notes [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	16,031	16,072
B Notes [Member] | Rating 1 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	16,031	16,072
B Notes [Member] | Rating 2 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	0	0
B Notes [Member] | Rating 3 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	0	0
B Notes [Member] | Rating 4 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	0	0
B Notes [Member] | Held for Sale [Member]
Schedule Of Financing Receivables [Line Items]
Loans Receivable Held-for-sale, Amount	0	0
Mezzanine Loans [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	67,471	67,366
Mezzanine Loans [Member] | Rating 1 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	45,417	45,432
Mezzanine Loans [Member] | Rating 2 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	22,054	21,934
Mezzanine Loans [Member] | Rating 3 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	0	0
Mezzanine Loans [Member] | Rating 4 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	0	0
Mezzanine Loans [Member] | Held for Sale [Member]
Schedule Of Financing Receivables [Line Items]
Loans Receivable Held-for-sale, Amount	0	0
Commercial Portfolio Segment [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	1,445,884	1,347,030
Commercial Portfolio Segment [Member] | Rating 1 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	1,391,330	1,292,596
Commercial Portfolio Segment [Member] | Rating 2 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	54,554	54,434
Commercial Portfolio Segment [Member] | Rating 3 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	0	0
Commercial Portfolio Segment [Member] | Rating 4 [Member]
Schedule Of Financing Receivables [Line Items]
Loans and receivables	0	0
Commercial Portfolio Segment [Member] | Held for Sale [Member]
Schedule Of Financing Receivables [Line Items]
Loans Receivable Held-for-sale, Amount	$0	$0

VARIABLE_INTEREST_ENTITIES_FIN3

VARIABLE INTEREST ENTITIES FINANCING RECEIVABLES (Loan Portfolio Aging Analysis as of the Dates Indicated at Cost Basis) (Details) RSO (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Financing Receivable, Recorded Investment, Past Due [Line Items]
Greater than 90 Days	$1,546	$2,339
Total Past Due	36,705	37,076
Current	7,559	10,305
RSO [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days	420	443
60-89 Days	0	82
Greater than 90 Days	303	1,469
Total Past Due	723	1,994
Current	2,216,592	2,041,612
Total Loans Receivable	2,217,315	2,043,606
Total Loans Greater Than 90 days and accruing	0	0
Financing Receivable, Net	1,969,858	1,935,793
Loans Receivable Held-for-sale, Amount	248,451	111,736
RSO [Member] | Whole Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days	0	0
60-89 Days	0	0
Greater than 90 Days	0	0
Total Past Due	0	0
Current	1,362,382	1,263,592
Total Loans Receivable	1,362,382	1,263,592
Total Loans Greater Than 90 days and accruing	0	0
Financing Receivable, Net	1,362,382	1,263,592
RSO [Member] | B Notes [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days	0	0
60-89 Days	0	0
Greater than 90 Days	0	0
Total Past Due	0	0
Current	16,031	16,072
Total Loans Receivable	16,031	16,072
Total Loans Greater Than 90 days and accruing	0	0
Financing Receivable, Net	16,031	16,072
RSO [Member] | Mezzanine Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days	0	0
60-89 Days	0	0
Greater than 90 Days	0	0
Total Past Due	0	0
Current	67,471	67,366
Total Loans Receivable	67,471	67,366
Total Loans Greater Than 90 days and accruing	0	0
Financing Receivable, Net	67,471	67,366
RSO [Member] | Bank Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days	0	0
60-89 Days	0	0
Greater than 90 Days	215	1,350
Total Past Due	215	1,350
Current	297,994	329,580
Total Loans Receivable	298,209	330,930
Total Loans Greater Than 90 days and accruing	0	0
Financing Receivable, Net	298,209	330,930
RSO [Member] | Middle-market Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days	0	0
60-89 Days	0	0
Greater than 90 Days	0	0
Total Past Due	0	0
Current	294,793	250,113
Total Loans Receivable	294,793	250,113
Total Loans Greater Than 90 days and accruing		0
Financing Receivable, Net	294,793	250,113
RSO [Member] | Residential Mortgage Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days	420	443
60-89 Days	0	82
Greater than 90 Days	88	119
Total Past Due	508	644
Current	176,692	113,612
Total Loans Receivable	177,200	114,256
Total Loans Greater Than 90 days and accruing	0	0
Loans Receivable Held-for-sale, Amount	174,559	111,454
RSO [Member] | Loans Receivable - Related Party [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days	0	0
60-89 Days	0	0
Greater than 90 Days	0	0
Total Past Due	0	0
Current	1,229	1,277
Total Loans Receivable	1,229	1,277
Total Loans Greater Than 90 days and accruing	0	0
Held for Sale [Member] | RSO [Member] | Whole Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable Held-for-sale, Amount	0	0
Held for Sale [Member] | RSO [Member] | B Notes [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable Held-for-sale, Amount	0	0
Held for Sale [Member] | RSO [Member] | Mezzanine Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable Held-for-sale, Amount	0	0
Held for Sale [Member] | RSO [Member] | Bank Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	73,900	282
Loans Receivable Held-for-sale, Amount	73,892	282
Held for Sale [Member] | RSO [Member] | Middle-market Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable Held-for-sale, Amount	$0	$0

VARIABLE_INTEREST_ENTITIES_FIN4

VARIABLE INTEREST ENTITIES FINANCING RECEIVABLES (Impaired Loans) (Details) RSO (RSO [Member], USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Net Balance	$173,992,000	$169,612,000
Unpaid Principal Balance	173,992,000	169,612,000
Specific Allowance	-2,598,000	-570,000
Average Investment in Impaired Loans	171,158,000	170,599,000
Interest Income Recognized	16,824,000	15,686,000
Whole Loans [Member]
Financing Receivable, Impaired [Line Items]
Loans without a specific valuation allowance, Recorded balance	128,108,000	128,108,000
Loans with a specific valuation allowance, Recorded balance	0	0
Net Balance	128,108,000	128,108,000
Loans without a specific valuation allowance, Unpaid Principal Balance	128,108,000	128,108,000
Loans with a specific valuation allowance, Unpaid Principal Balance	0	0
Unpaid Principal Balance	128,108,000	128,108,000
Specific Allowance	0	0
Loans without a specific valuation allowance, Average Investment in Impaired Loans	130,445,000	130,445,000
Loans with specific valuation allowance, Average Investment in Impaired Loans	0	0
Average Investment in Impaired Loans	130,445,000	130,445,000
Loans without a specific valuation allowance, Interest Income Recognized	13,617,000	12,679,000
Loans with a specific valuation allowance, Interest Income Recognized	0	0
Interest Income Recognized	13,617,000	12,679,000
B Notes [Member]
Financing Receivable, Impaired [Line Items]
Loans without a specific valuation allowance, Recorded balance	0	0
Loans with a specific valuation allowance, Recorded balance	0	0
Net Balance	0	0
Loans without a specific valuation allowance, Unpaid Principal Balance	0	0
Loans with a specific valuation allowance, Unpaid Principal Balance	0	0
Unpaid Principal Balance	0	0
Specific Allowance	0	0
Loans without a specific valuation allowance, Average Investment in Impaired Loans	0	0
Loans with specific valuation allowance, Average Investment in Impaired Loans	0	0
Average Investment in Impaired Loans	0	0
Loans without a specific valuation allowance, Interest Income Recognized	0	0
Loans with a specific valuation allowance, Interest Income Recognized	0	0
Interest Income Recognized	0	0
Mezzanine Loans [Member]
Financing Receivable, Impaired [Line Items]
Loans without a specific valuation allowance, Recorded balance	38,072,000	38,072,000
Loans with a specific valuation allowance, Recorded balance	0	0
Net Balance	38,072,000	38,072,000
Loans without a specific valuation allowance, Unpaid Principal Balance	38,072,000	38,072,000
Loans with a specific valuation allowance, Unpaid Principal Balance	0	0
Unpaid Principal Balance	38,072,000	38,072,000
Specific Allowance	0	0
Loans without a specific valuation allowance, Average Investment in Impaired Loans	38,072,000	38,072,000
Loans with specific valuation allowance, Average Investment in Impaired Loans	0	0
Average Investment in Impaired Loans	38,072,000	38,072,000
Loans without a specific valuation allowance, Interest Income Recognized	3,186,000	2,859,000
Loans with a specific valuation allowance, Interest Income Recognized	0	0
Interest Income Recognized	3,186,000	2,859,000
Bank Loans [Member]
Financing Receivable, Impaired [Line Items]
Loans without a specific valuation allowance, Recorded balance	0	0
Loans with a specific valuation allowance, Recorded balance	215,000	1,350,000
Net Balance	215,000	1,350,000
Loans without a specific valuation allowance, Unpaid Principal Balance	0	0
Loans with a specific valuation allowance, Unpaid Principal Balance	215,000	1,350,000
Unpaid Principal Balance	215,000	1,350,000
Specific Allowance	-86,000	-570,000
Loans without a specific valuation allowance, Average Investment in Impaired Loans	0	0
Loans with specific valuation allowance, Average Investment in Impaired Loans	0	0
Average Investment in Impaired Loans	0	0
Loans without a specific valuation allowance, Interest Income Recognized	0	0
Loans with a specific valuation allowance, Interest Income Recognized	0	0
Interest Income Recognized	0	0
Middle-market Loans [Member]
Financing Receivable, Impaired [Line Items]
Loans without a specific valuation allowance, Recorded balance	0	0
Loans with a specific valuation allowance, Recorded balance	4,956,000	0
Net Balance	4,956,000	0
Loans without a specific valuation allowance, Unpaid Principal Balance	0	0
Loans with a specific valuation allowance, Unpaid Principal Balance	4,956,000	0
Unpaid Principal Balance	4,956,000	0
Specific Allowance	-2,512,000	0
Loans without a specific valuation allowance, Average Investment in Impaired Loans	0	0
Loans with specific valuation allowance, Average Investment in Impaired Loans	0	0
Average Investment in Impaired Loans	0	0
Loans without a specific valuation allowance, Interest Income Recognized	0	0
Loans with a specific valuation allowance, Interest Income Recognized	0	0
Interest Income Recognized	0	0
Residential Mortgage Loans [Member]
Financing Receivable, Impaired [Line Items]
Loans without a specific valuation allowance, Recorded balance	2,641,000	2,082,000
Loans with a specific valuation allowance, Recorded balance	0	0
Net Balance	2,641,000	2,082,000
Loans without a specific valuation allowance, Unpaid Principal Balance	2,641,000	2,082,000
Loans with a specific valuation allowance, Unpaid Principal Balance	0	0
Unpaid Principal Balance	2,641,000	2,082,000
Specific Allowance	0	0
Loans without a specific valuation allowance, Average Investment in Impaired Loans	2,641,000	2,082,000
Loans with specific valuation allowance, Average Investment in Impaired Loans	0	0
Average Investment in Impaired Loans	2,641,000	2,082,000
Loans without a specific valuation allowance, Interest Income Recognized	21,000	148,000
Loans with a specific valuation allowance, Interest Income Recognized	0	0
Interest Income Recognized	21,000	148,000
Loans Receivable - Related Party [Member]
Financing Receivable, Impaired [Line Items]
Loans without a specific valuation allowance, Recorded balance	0	0
Loans with a specific valuation allowance, Recorded balance	0	0
Net Balance	0	0
Loans without a specific valuation allowance, Unpaid Principal Balance	0	0
Loans with a specific valuation allowance, Unpaid Principal Balance	0	0
Unpaid Principal Balance	0	0
Specific Allowance	0	0
Loans without a specific valuation allowance, Average Investment in Impaired Loans	0	0
Loans with specific valuation allowance, Average Investment in Impaired Loans	0	0
Average Investment in Impaired Loans	0	0
Loans without a specific valuation allowance, Interest Income Recognized	0	0
Loans with a specific valuation allowance, Interest Income Recognized	0	0
Interest Income Recognized	$0	$0

VARIABLE_INTEREST_ENTITIES_FIN5

VARIABLE INTEREST ENTITIES FINANCING RECEIVABLES (Loan Portfolio Troubled-debt Restructurings) (Details) RSO (RSO [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
	Loan
Troubled debt restructuring [Abstract]
Number of Loans	2
Pre-Modification Outstanding Recorded Balance	$67,459
Post-Modification Outstanding Recorded Balance	67,459
Whole Loans [Member]
Troubled debt restructuring [Abstract]
Number of Loans	2
Pre-Modification Outstanding Recorded Balance	67,459
Post-Modification Outstanding Recorded Balance	67,459
B Notes [Member]
Troubled debt restructuring [Abstract]
Number of Loans	0
Pre-Modification Outstanding Recorded Balance	0
Post-Modification Outstanding Recorded Balance	0
Mezzanine Loans [Member]
Troubled debt restructuring [Abstract]
Number of Loans	0
Pre-Modification Outstanding Recorded Balance	0
Post-Modification Outstanding Recorded Balance	0
Bank Loans [Member]
Troubled debt restructuring [Abstract]
Number of Loans	0
Pre-Modification Outstanding Recorded Balance	0
Post-Modification Outstanding Recorded Balance	0
Middle-market Loans [Member]
Troubled debt restructuring [Abstract]
Number of Loans	0
Pre-Modification Outstanding Recorded Balance	0
Post-Modification Outstanding Recorded Balance	0
Residential Mortgage Loans [Member]
Troubled debt restructuring [Abstract]
Number of Loans	0
Pre-Modification Outstanding Recorded Balance	0
Post-Modification Outstanding Recorded Balance	0
Loans Receivable - Related Party [Member]
Troubled debt restructuring [Abstract]
Number of Loans	0
Pre-Modification Outstanding Recorded Balance	0
Post-Modification Outstanding Recorded Balance	$0

VARIABLE_INTEREST_ENTITIES_FIN6

VARIABLE INTEREST ENTITIES FINANCING RECEIVABLES (Details) RSO (RSO [Member], USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2014
	Loan	Loan		Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of defaulted loans	1	2
Loans and receivables	$1,969,858,000	$1,935,793,000
Financing Receivable, Allowance for Credit Losses, Included Related Party	7,385,000	4,613,000	13,807,000
Provision (recovery) for loan losses	3,990,000	1,804,000
Capital Leases, Income Statement, Direct Financing Lease Revenue		2,100,000
Bank Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and receivables	298,209,000	330,930,000
Financing Receivable, Allowance for Credit Losses, Included Related Party	720,000	570,000	3,391,000
Provision (recovery) for loan losses	1,415,000	4,173,000
Bank Loans [Member] | Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of defaulted loans				1
Loans and receivables	215,000	1,400,000
Residential Mortgage Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of defaulted loans	2
Financing Receivable, Allowance for Credit Losses, Included Related Party	110,000	0	0
Provision (recovery) for loan losses	197,000	0
Loans Receivable - Related Party [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Allowance for Credit Losses, Included Related Party	0	0	0
Provision (recovery) for loan losses	($188,000)	$1,297,000

VARIABLE_INTEREST_ENTITIES_BUS

VARIABLE INTEREST ENTITIES BUSINESS COMBINATIONS (Details) RSO (Life Care Funding, LLC [Member], RSO [Member], USD $)	0 Months Ended
In Millions, unless otherwise specified	Feb. 27, 2014	Feb. 27, 2015
Life Care Funding, LLC [Member] | RSO [Member]
Finite-Lived Intangible Assets [Line Items]
Ownership percentage in VIE	50.20%
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net		$4.10

VARIABLE_INTEREST_ENTITIES_INT

VARIABLE INTEREST ENTITIES INTANGIBLE ASSETS (Summary of Intangible Assets) (Details) RSO (RSO [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Finite-Lived Intangible Assets [Line Items]
Wholesale and correspondent relationships	$21,813	$21,813
Accumulated Amortization	-12,584	-12,077
Net Asset	9,229	9,736
Investment in RCAM [Member]
Finite-Lived Intangible Assets [Line Items]
Wholesale and correspondent relationships	21,213	21,213
Accumulated Amortization	-12,223	-11,779
Net Asset	8,990	9,434
Investment in PCA [Member] | Wholesale or Correspondent Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Wholesale and correspondent relationships	600	600
Accumulated Amortization	-361	-298
Net Asset	$239	$302

VARIABLE_INTEREST_ENTITIES_INT1

VARIABLE INTEREST ENTITIES INTANGIBLE ASSETS (Schedule of Servicing Rights) (Details) RSO (RSO [Member], USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Balance, beginning of period	$21,813
Amortization	-507	-444
Balance, end of period	21,813
Balance, end of period	9,229		9,736
Servicing Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Balance, beginning of period	894,767	433,153	433,153
Additions	212,390		519,915
Payoffs, sales and curtailments	53,151		-58,301
Balance, end of period	1,160,308		894,767
Servicing Contracts [Member] | Other Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Balance, beginning of period	9,374	4,885	4,885
Amortization	-825		-1,957
Additions	2,936		6,446
Sales	0		0
Balance, end of period	11,485		9,374
Temporary fair value adjustment	-1,050		0
Balance, end of period	$10,435		$9,374

VARIABLE_INTEREST_ENTITIES_INT2

VARIABLE INTEREST ENTITIES INTANGIBLE ASSETS (Schedule of Servicing Fees) (Details) (RSO [Member], Servicing Contracts [Member], Other Income [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
RSO [Member] | Servicing Contracts [Member] | Other Income [Member]
Finite-Lived Intangible Assets [Line Items]
Servicing fees from capitalized portfolio	$551	$308
Late fees	23	22
Other ancillary servicing revenue	$3	$4

VARIABLE_INTEREST_ENTITIES_INT3

VARIABLE INTEREST ENTITIES INTANGIBLE ASSETS (Details) RSO (USD $)	3 Months Ended		12 Months Ended	0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
RSO [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$507,000	$444,000
Fee income	1,605,000	2,500,000
Year ended December 31, 2014	2,000,000			2,000,000
Year ended December 31, 2016	1,800,000			1,800,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	1,800,000			1,800,000
Year ended December 31, 2017	1,600,000			1,600,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	1,000,000			1,000,000
Weighted average amortization period	6 years 5 months		6 years 7 months
Accumulated Amortization	12,584,000		12,077,000	12,584,000	12,077,000
RSO [Member] | Servicing Contracts [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Year ended December 31, 2016	2,000,000			2,000,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	1,800,000			1,800,000
Year ended December 31, 2017	1,700,000			1,700,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	1,100,000			1,100,000
Weighted average amortization period				1 year 3 months 18 days	1 year 4 months 24 days
Principal Amount Outstanding of Loans Held-in-portfolio	1,160,308,000		894,767,000	1,160,308,000	894,767,000	433,153,000
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	2,000,000			2,000,000
RSO [Member] | Investment in RCAM [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	12,223,000		11,779,000	12,223,000	11,779,000
Investment in RCAM [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fee income	965,000	1,700,000
Investment in RCAM [Member] | RSO [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fee income	$965,000	$1,700,000

VARIABLE_INTEREST_ENTITIES_BOR

VARIABLE INTEREST ENTITIES BORROWINGS (Schedule of Debt) (Details) RSO (RSO [Member], USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Outstanding Borrowings	$1,952,765,000	$1,734,901,000
Principal Outstanding	28,167,000	18,030,000
Unamortized Issuance Costs and Discounts	1,924,598,000	1,716,871,000
Long-term Debt, Weighted Average Interest Rate	2.46%	2.09%
Weighted Average Remaining Maturity	10 years 9 months	10 years 0 months
Value of Collateral	2,391,514,000	2,287,115,000
Interest Payable	5,437,000	2,123,000
RREF CDO 2006-1 Senior Notes [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	52,957,000	61,423,000
Principal Outstanding	0	0
Unamortized Issuance Costs and Discounts	52,957,000	61,423,000
Long-term Debt, Weighted Average Interest Rate	2.31%	2.12%
Weighted Average Remaining Maturity	31 years 5 months	31 years 7 months
Value of Collateral	130,727,000	139,242,000
RREF CDO 2007-1 Senior Notes [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	131,780,000	130,340,000
Principal Outstanding	63,000	133,000
Unamortized Issuance Costs and Discounts	131,717,000	130,207,000
Long-term Debt, Weighted Average Interest Rate	1.14%	1.19%
Weighted Average Remaining Maturity	31 years 6 months	31 years 9 months
Value of Collateral	258,175,000	271,423,000
RCC CRE Notes 2013 [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	182,040,000	226,840,000
Principal Outstanding	2,493,000	2,683,000
Unamortized Issuance Costs and Discounts	179,547,000	224,157,000
Long-term Debt, Weighted Average Interest Rate	2.28%	2.11%
Weighted Average Remaining Maturity	13 years 8 months	14 years 0 months
Value of Collateral	205,386,000	249,983,000
RCC CRE Notes 2014 [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	235,344,000	235,344,000
Principal Outstanding	3,682,000	3,687,000
Unamortized Issuance Costs and Discounts	231,662,000	231,657,000
Long-term Debt, Weighted Average Interest Rate	1.47%	1.45%
Weighted Average Remaining Maturity	17 years 1 month	17 years 4 months
Value of Collateral	349,063,000	346,585,000
RCC CRE Notes 2015 [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	282,127,000
Principal Outstanding	4,116,000
Unamortized Issuance Costs and Discounts	278,011,000
Long-term Debt, Weighted Average Interest Rate	2.07%
Weighted Average Remaining Maturity	17 years 0 months
Value of Collateral	339,654,000
Apidos CDO III Senior Notes [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	67,028,000	74,646,000
Principal Outstanding	0	0
Unamortized Issuance Costs and Discounts	67,028,000	74,646,000
Long-term Debt, Weighted Average Interest Rate	1.28%	1.18%
Weighted Average Remaining Maturity	5 years 6 months	5 years 8 months
Value of Collateral	78,957,000	85,553,000
Apidos Cinco CDO Senior Notes [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	229,716,000	255,664,000
Principal Outstanding	72,000	201,000
Unamortized Issuance Costs and Discounts	229,644,000	255,463,000
Long-term Debt, Weighted Average Interest Rate	0.87%	0.81%
Weighted Average Remaining Maturity	5 years 1 month	5 years 5 months
Value of Collateral	252,826,000	272,512,000
Moselle CLO S.A. Securitized Borrowings [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	120,000	5,619,000
Principal Outstanding	0	0
Unamortized Issuance Costs and Discounts	120,000	5,619,000
Long-term Debt, Weighted Average Interest Rate		1.49%
Weighted Average Remaining Maturity		5 years 0 months
Value of Collateral	537,000	0
Moselle CLO S.A. Senior Notes [Member]
Debt Instrument [Line Items]
Outstanding Borrowings		63,321,000
Principal Outstanding		0
Unamortized Issuance Costs and Discounts		63,321,000
Long-term Debt, Weighted Average Interest Rate		1.49%
Weighted Average Remaining Maturity		5 years 0 months
Value of Collateral		93,576,000
Interest Payable		20,000
CDO notes		63,300,000
Unsecured Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	51,548,000	51,548,000
Principal Outstanding	292,000	343,000
Unamortized Issuance Costs and Discounts	51,256,000	51,205,000
Long-term Debt, Weighted Average Interest Rate	4.21%	4.19%
Weighted Average Remaining Maturity	21 years 7 months	21 years 10 months
Value of Collateral	0	0
Six Percent Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	115,000,000	115,000,000
Principal Outstanding	6,182,000	6,626,000
Unamortized Issuance Costs and Discounts	108,818,000	108,374,000
Long-term Debt, Weighted Average Interest Rate	6.00%	6.00%
Weighted Average Remaining Maturity	3 years 8 months	3 years 11 months
Value of Collateral	0	0
Eight Percent Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	100,000,000
Principal Outstanding	7,052,000
Unamortized Issuance Costs and Discounts	92,948,000
Long-term Debt, Weighted Average Interest Rate	8.00%
Weighted Average Remaining Maturity	4 years 9 months
Value of Collateral	0
CRE - Term Repurchase Facility [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	93,734,000	207,640,000
Principal Outstanding	1,583,000	1,958,000
Unamortized Issuance Costs and Discounts	92,151,000	205,682,000
Long-term Debt, Weighted Average Interest Rate	2.21%	2.43%
Weighted Average Remaining Maturity	18 days	20 days
Value of Collateral	135,951,000	297,571,000
Interest Payable	75,000	198,000
Repurchase Agreements Debt [Member]
Debt Instrument [Line Items]
Outstanding Borrowings		24,967,000
Principal Outstanding		0
Unamortized Issuance Costs and Discounts		24,967,000
Long-term Debt, Weighted Average Interest Rate		1.35%
Weighted Average Remaining Maturity		20 days
Value of Collateral		30,180,000
CMBS - Term Repurchase Facilities [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	29,391,000
Principal Outstanding	0
Unamortized Issuance Costs and Discounts	29,391,000
Long-term Debt, Weighted Average Interest Rate	1.37%
Weighted Average Remaining Maturity	18 days
Value of Collateral	35,977,000
Interest Payable	13,000	12,000
RMBS - Term Repurchase Facility [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	104,547,000	22,248,000
Principal Outstanding	125,000	36,000
Unamortized Issuance Costs and Discounts	104,422,000	22,212,000
Long-term Debt, Weighted Average Interest Rate	2.43%	1.16%
Weighted Average Remaining Maturity	25 days	1 day
Value of Collateral	121,472,000	27,885,000
Interest Payable	39,000	31,000
Residential Mortgage Financing Agreements [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	74,648,000
Principal Outstanding	0
Unamortized Issuance Costs and Discounts	74,648,000
Long-term Debt, Weighted Average Interest Rate	2.78%
Weighted Average Remaining Maturity	130 days
Value of Collateral	95,479,000
CMBS - Short Term Repurchase Agreements [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	67,785,000	44,225,000
Principal Outstanding	0	0
Unamortized Issuance Costs and Discounts	67,785,000	44,225,000
Long-term Debt, Weighted Average Interest Rate	1.63%	1.63%
Weighted Average Remaining Maturity	18 days	17 days
Value of Collateral	94,857,000	62,446,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	135,000,000	113,500,000
Principal Outstanding	2,507,000	2,363,000
Unamortized Issuance Costs and Discounts	132,493,000	111,137,000
Long-term Debt, Weighted Average Interest Rate	2.68%	2.66%
Weighted Average Remaining Maturity	2 years 6 months	2 years 8 months
Value of Collateral	292,453,000	262,687,000
Mortgages [Member]
Debt Instrument [Line Items]
Outstanding Borrowings		102,576,000
Principal Outstanding		0
Unamortized Issuance Costs and Discounts		102,576,000
Long-term Debt, Weighted Average Interest Rate		2.78%
Weighted Average Remaining Maturity		207 days
Value of Collateral		$147,472,000

VARIABLE_INTEREST_ENTITIES_BOR1

VARIABLE INTEREST ENTITIES BORROWINGS (Securitization) (Details) (RSO [Member], USD $)	Mar. 31, 2015
In Millions, unless otherwise specified
RREF CDO 2006-1 Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Cumulative Amount Repaid	$194.20
RREF CDO 2007-1 Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Cumulative Amount Repaid	209.2
RCC CRE Notes 2013 [Member]
Debt Instrument [Line Items]
Debt Instrument, Cumulative Amount Repaid	78.8
RCC CRE Notes 2014 [Member]
Debt Instrument [Line Items]
Debt Instrument, Cumulative Amount Repaid	0
RCC CRE Notes 2015 [Member]
Debt Instrument [Line Items]
Debt Instrument, Cumulative Amount Repaid	0
Apidos CDO III Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Cumulative Amount Repaid	195.5
Apidos Cinco CDO Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Cumulative Amount Repaid	92.3
Moselle CLO S.A. Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Cumulative Amount Repaid	167.2
Moselle CLO S.A. Securitized Borrowings [Member]
Debt Instrument [Line Items]
Debt Instrument, Cumulative Amount Repaid	$5

VARIABLE_INTEREST_ENTITIES_BOR2

VARIABLE INTEREST ENTITIES BORROWINGS (Repurchase and Credit Facilities) (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Feb. 28, 2015	Jan. 31, 2015
RSO [Member]
Debt Instrument [Line Items]
Unamortized Debt Issuance Expense	$1,924,598,000	$1,716,871,000
Outstanding Borrowings			282,100,000
Remaining balance	1,952,765,000	1,734,901,000
Debt instrument, weighted average interest rate	2.46%	2.09%
Debt Instrument, Maturity Date Free Form	10 years 9 months	10 years 0 months
RSO [Member] | CMBS - Term Repurchase Facilities [Member]
Debt Instrument [Line Items]
Unamortized Debt Issuance Expense	29,391,000
Remaining balance	29,391,000
Debt instrument, weighted average interest rate	1.37%
Debt Instrument, Maturity Date Free Form	18 days
RSO [Member] | RMBS - Term Repurchase Facility [Member]
Debt Instrument [Line Items]
Unamortized Debt Issuance Expense	104,422,000	22,212,000
Remaining balance	104,547,000	22,248,000
Debt instrument, weighted average interest rate	2.43%	1.16%
Debt Instrument, Maturity Date Free Form	25 days	1 day
RSO [Member] | CRE - Term Repurchase Facility [Member]
Debt Instrument [Line Items]
Unamortized Debt Issuance Expense	92,151,000	205,682,000
Remaining balance	93,734,000	207,640,000
Debt instrument, weighted average interest rate	2.21%	2.43%
Debt Instrument, Maturity Date Free Form	18 days	20 days
Wells Fargo Bank, National Association [Member] | RCC Real Estate [Member] | CRE - Term Repurchase Facility [Member]
Debt Instrument [Line Items]
Unamortized Debt Issuance Expense	1,400,000	1,700,000
Deutsche Bank Securities, Inc [Member] | RCC Real Estate [Member]
Debt Instrument [Line Items]
Unamortized Debt Issuance Expense	145,000	268,000
Repurchase Agreements [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	368,397,000
Remaining balance		399,662,000
Securities Held as Collateral, at Fair Value		565,554,000
Debt Instrument, Fair Value Disclosure	483,736,000
Repurchase Agreements [Member] | Wells Fargo Bank, National Association [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	28,229,000	61,189,000
Debt instrument, weighted average interest rate	2.75%	2.75%
Debt Instrument, Fair Value Disclosure	41,790,000	95,511,000
Debt Instrument, Number of Positions as Collateral	78	104
Repurchase Agreements [Member] | Wells Fargo Securities, LLC [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	14,536,000	10,442,000
Debt instrument, weighted average interest rate	1.59%	1.66%
Debt Instrument, Fair Value Disclosure	23,929,000	17,695,000
Debt Instrument, Number of Positions as Collateral	1	1
Repurchase Agreements [Member] | Deutsche Bank Securities, Inc [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	53,249,000	33,783,000
Debt instrument, weighted average interest rate	1.62%	1.62%
Debt Instrument, Fair Value Disclosure	70,928,000	44,751,000
Debt Instrument, Number of Positions as Collateral	8	8
Repurchase Agreements [Member] | New Century Bank [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	46,419,000	41,387,000
Debt instrument, weighted average interest rate	2.80%	2.82%
Debt Instrument, Fair Value Disclosure	53,689,000	51,961,000
Debt Instrument, Number of Positions as Collateral	231	158
Linked Transactions [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings		33,397,000
Linked Transactions [Member] | Repurchase Agreements [Member] | JP Morgan Securities, LLC [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings		0
Debt instrument, weighted average interest rate		0.00%
Debt Instrument, Number of Positions as Collateral		0
Linked Transactions [Member] | Repurchase Agreements [Member] | Wells Fargo Securities, LLC [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings		4,108,000
Debt instrument, weighted average interest rate		1.37%
Debt Instrument, Number of Positions as Collateral		2
Linked Transactions [Member] | Repurchase Agreements [Member] | Deutsche Bank Securities, Inc [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings		24,348,000
Debt instrument, weighted average interest rate		1.57%
Debt Instrument, Number of Positions as Collateral		10
CRE - Term Repurchase Facility [Member] | Repurchase Agreements [Member] | Wells Fargo Bank, National Association [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	92,296,000	179,762,000
Debt instrument, weighted average interest rate	2.21%	2.38%
Debt Instrument, Fair Value Disclosure	135,951,000	258,223,000
Debt Instrument, Number of Positions as Collateral	5	15
CRE - Term Repurchase Facility [Member] | Repurchase Agreements [Member] | Deutsche Bank Securities, Inc [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	-145,000	25,920,000
Debt instrument, weighted average interest rate	0.00%	2.78%
Debt Instrument, Fair Value Disclosure	0	39,348,000
Debt Instrument, Number of Positions as Collateral	0	2
CMBS - Term Repurchase Facilities [Member] | Repurchase Agreements [Member] | Wells Fargo Bank, National Association [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	29,391,000	24,967,000
Debt instrument, weighted average interest rate	1.37%	1.35%
Debt Instrument, Fair Value Disclosure	35,977,000	30,180,000
Debt Instrument, Number of Positions as Collateral	34	33
CMBS - Term Repurchase Facilities [Member] | Linked Transactions [Member] | Wells Fargo Bank, National Association [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings		4,941,000
Debt instrument, weighted average interest rate		1.67%
Debt Instrument, Number of Positions as Collateral		7
RMBS - Term Repurchase Facility [Member] | Repurchase Agreements [Member] | Wells Fargo Bank, National Association [Member] | RSO [Member]
Debt Instrument [Line Items]
Unamortized Debt Issuance Expense	125,000	36,000
Outstanding Borrowings	104,422,000	22,212,000
Debt instrument, weighted average interest rate	2.43%	1.16%
Debt Instrument, Fair Value Disclosure	121,472,000	27,885,000
Debt Instrument, Number of Positions as Collateral	146	6
Linked and Non-linked Transactions [Member] | Wells Fargo Bank, National Association [Member] | Jumbo Loans - Term Repurchase Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				165,000,000
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum	3.00%
Linked and Non-linked Transactions [Member] | Wells Fargo Bank, National Association [Member] | CMBS - Term Repurchase Facilities [Member]
Debt Instrument [Line Items]
Debt instrument, weighted average interest rate	1.37%	1.35%
Repurchase Agreement Counterparty, Amount at Risk	6,176,000	6,486,000
Debt Instrument, Maturity Date Free Form	18 days	20 days
Linked and Non-linked Transactions [Member] | Wells Fargo Bank, National Association [Member] | RMBS - Term Repurchase Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				110,000,000
Debt instrument, weighted average interest rate	2.43%	1.16%
Repurchase Agreement Counterparty, Amount at Risk	16,804,000	5,017,000
Debt Instrument, Maturity Date Free Form	25 days	1 day
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum	1.45%
Linked and Non-linked Transactions [Member] | Wells Fargo Bank, National Association [Member] | CRE - Term Repurchase Facility [Member]
Debt Instrument [Line Items]
Debt instrument, weighted average interest rate	2.21%	2.38%
Repurchase Agreement Counterparty, Amount at Risk	42,763,000	76,148,000
Debt Instrument, Maturity Date Free Form	18 days	20 days
Linked and Non-linked Transactions [Member] | Deutsche Bank Securities, Inc [Member] | CRE - Term Repurchase Facility [Member]
Debt Instrument [Line Items]
Debt instrument, weighted average interest rate		2.78%
Repurchase Agreement Counterparty, Amount at Risk		13,017,000
Debt Instrument, Maturity Date Free Form		19 days
Linked and Non-linked Transactions [Member] | Repurchase Agreements [Member] | Wells Fargo Bank, National Association [Member]
Debt Instrument [Line Items]
Debt instrument, weighted average interest rate	2.75%	2.75%
Repurchase Agreement Counterparty, Amount at Risk	13,561,000	6,902,000
Debt Instrument, Maturity Date Free Form	93 days	183 days
Linked and Non-linked Transactions [Member] | Repurchase Agreements [Member] | Wells Fargo Securities, LLC [Member]
Debt Instrument [Line Items]
Debt instrument, weighted average interest rate	1.59%	1.66%
Repurchase Agreement Counterparty, Amount at Risk	8,964,000	2,127,000
Debt Instrument, Maturity Date Free Form	6 days	9 days
Linked and Non-linked Transactions [Member] | Repurchase Agreements [Member] | Deutsche Bank Securities, Inc [Member]
Debt Instrument [Line Items]
Debt instrument, weighted average interest rate	1.62%	1.62%
Repurchase Agreement Counterparty, Amount at Risk	17,452,000	11,810,000
Debt Instrument, Maturity Date Free Form	21 days	20 days
Linked and Non-linked Transactions [Member] | Repurchase Agreements [Member] | New Century Bank [Member]
Debt Instrument [Line Items]
Debt instrument, weighted average interest rate	2.80%	2.82%
Repurchase Agreement Counterparty, Amount at Risk	$7,270,000	$853,000
Debt Instrument, Maturity Date Free Form	152 days	242 days

VARIABLE_INTEREST_ENTITIES_BOR3

VARIABLE INTEREST ENTITIES BORROWINGS (Schedule of Linked Transactions) (Details) (RSO [Member], USD $)	Mar. 31, 2015	Feb. 28, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$282,100,000
Linked transactions, net at fair value	0		15,367,000
Long-term Debt, Weighted Average Interest Rate	2.46%		2.09%
Linked Transactions [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount			33,397,000
Linked transactions, net at fair value			48,605,000
Wells Fargo Bank, National Association [Member] | Linked Transactions [Member] | CMBS - Term Repurchase Facilities [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount			4,941,000
Linked transactions, net at fair value			6,371,000
Debt Instrument, Number of Positions as Collateral			7
Long-term Debt, Weighted Average Interest Rate			1.67%
Repurchase Agreements [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	368,397,000
Repurchase Agreements [Member] | JP Morgan Securities, LLC [Member] | Linked Transactions [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount			0
Linked transactions, net at fair value			0
Debt Instrument, Number of Positions as Collateral			0
Long-term Debt, Weighted Average Interest Rate			0.00%
Repurchase Agreements [Member] | Wells Fargo Securities, LLC [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	14,536,000		10,442,000
Debt Instrument, Number of Positions as Collateral	1		1
Long-term Debt, Weighted Average Interest Rate	1.59%		1.66%
Repurchase Agreements [Member] | Wells Fargo Securities, LLC [Member] | Linked Transactions [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount			4,108,000
Linked transactions, net at fair value			6,233,000
Debt Instrument, Number of Positions as Collateral			2
Long-term Debt, Weighted Average Interest Rate			1.37%
Repurchase Agreements [Member] | Deutsche Bank Securities, Inc [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	53,249,000		33,783,000
Debt Instrument, Number of Positions as Collateral	8		8
Long-term Debt, Weighted Average Interest Rate	1.62%		1.62%
Repurchase Agreements [Member] | Deutsche Bank Securities, Inc [Member] | Linked Transactions [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount			24,348,000
Linked transactions, net at fair value			36,001,000
Debt Instrument, Number of Positions as Collateral			10
Long-term Debt, Weighted Average Interest Rate			1.57%
Repurchase Agreements [Member] | Wells Fargo Bank, National Association [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	28,229,000		61,189,000
Debt Instrument, Number of Positions as Collateral	78		104
Long-term Debt, Weighted Average Interest Rate	2.75%		2.75%
Repurchase Agreements [Member] | Wells Fargo Bank, National Association [Member] | CMBS - Term Repurchase Facilities [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$29,391,000		$24,967,000
Debt Instrument, Number of Positions as Collateral	34		33
Long-term Debt, Weighted Average Interest Rate	1.37%		1.35%

VARIABLE_INTEREST_ENTITIES_BOR4

VARIABLE INTEREST ENTITIES BORROWINGS (Details) RSO (USD $)	3 Months Ended		0 Months Ended		12 Months Ended	1 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jan. 13, 2015	Oct. 21, 2013	Dec. 31, 2014	Feb. 28, 2015	Feb. 28, 2014	Jun. 30, 2014	Feb. 24, 2015	Jan. 31, 2015	Sep. 18, 2014
Debt Instrument [Line Items]
Debt Instrument, Covenant Requirement, Minimum Liquidity	$7,500,000
RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings						282,100,000
Percentage of senior notes acquired by the parent						100.00%
Debt instrument, weighted average interest rate	2.46%				2.09%
Unamortized Debt Issuance Expense	1,924,598,000				1,716,871,000
Outstanding Borrowings	1,952,765,000				1,734,901,000
Convertible senior notes	99,000,000	0
RSO [Member] | RCC CRE Notes 2014 [Member]
Debt Instrument [Line Items]
Debt Instrument, Cumulative Amount Repaid	0
Debt instrument, weighted average interest rate	1.47%				1.45%
Unamortized Debt Issuance Expense	231,662,000				231,657,000
Outstanding Borrowings	235,344,000				235,344,000
RSO [Member] | CMBS - Term Repurchase Facilities [Member]
Debt Instrument [Line Items]
Debt instrument, weighted average interest rate	1.37%
Unamortized Debt Issuance Expense	29,391,000
Outstanding Borrowings	29,391,000
RSO [Member] | CRE - Term Repurchase Facility [Member]
Debt Instrument [Line Items]
Debt instrument, weighted average interest rate	2.21%				2.43%
Unamortized Debt Issuance Expense	92,151,000				205,682,000
Outstanding Borrowings	93,734,000				207,640,000
RSO [Member] | RMBS - Term Repurchase Facility [Member]
Debt Instrument [Line Items]
Debt instrument, weighted average interest rate	2.43%				1.16%
Unamortized Debt Issuance Expense	104,422,000				22,212,000
Outstanding Borrowings	104,547,000				22,248,000
RSO [Member] | Moselle CLO S.A. Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Cumulative Amount Repaid	167,200,000
Debt instrument, weighted average interest rate					1.49%
Unamortized Debt Issuance Expense					63,321,000
Outstanding Borrowings					63,321,000
RSO [Member] | Moselle CLO S.A. Securitized Borrowings [Member]
Debt Instrument [Line Items]
Debt Instrument, Cumulative Amount Repaid	5,000,000
Debt instrument, weighted average interest rate					1.49%
Unamortized Debt Issuance Expense	120,000				5,619,000
Outstanding Borrowings	120,000				5,619,000
RSO [Member] | Convertible Debt [Member] | Eight Percent Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Outstanding Borrowings			100,000,000
Debt Instrument, Unamortized Discount				1,000,000
Unamortized Debt Issuance Expense				2,100,000
Convertible senior notes			97,000,000
Debt Conversion, Converted Instrument, Shares Issuable Upon Conversion				187.4414
Debt Instrument, Convertible, Conversion Price					$5.34
RSO [Member] | RCC CRE Notes 2015 [Member]
Debt Instrument [Line Items]
Debt Instrument, Cumulative Amount Repaid	0
Closing transaction amount									346,200,000
Debt instrument, weighted average interest rate	2.07%
Ownership interests in variable interest entity						100.00%
Unamortized Debt Issuance Expense	278,011,000
Outstanding Borrowings	282,127,000
RSO [Member] | RCC CRE Notes 2013 [Member]
Debt Instrument [Line Items]
Debt Instrument, Cumulative Amount Repaid	78,800,000
Debt instrument, weighted average interest rate	2.28%				2.11%
Unamortized Debt Issuance Expense	179,547,000				224,157,000
Outstanding Borrowings	182,040,000				226,840,000
RSO [Member] | RCC CRE Notes 2013 [Member] | Senior Notes Class E [Member]
Debt Instrument [Line Items]
Outstanding Borrowings					20,800,000
Basis spread on variable rate					4.75%
RSO [Member] | RCC CRE Notes 2013 [Member] | Senior Notes Class F [Member]
Debt Instrument [Line Items]
Outstanding Borrowings					15,600,000
Basis spread on variable rate					5.50%
RSO [Member] | RCC CRE Notes 2013 [Member] | Senior Notes Class A [Member]
Debt Instrument [Line Items]
Outstanding Borrowings					193,900,000
Basis spread on variable rate					1.40%
RSO [Member] | RCC CRE Notes 2013 [Member] | Senior Notes Class A-S [Member]
Debt Instrument [Line Items]
Outstanding Borrowings					17,300,000
Basis spread on variable rate					1.65%
RSO [Member] | RCC CRE Notes 2013 [Member] | Senior Notes Class B [Member]
Debt Instrument [Line Items]
Outstanding Borrowings					19,500,000
Basis spread on variable rate					2.40%
RSO [Member] | RCC CRE Notes 2013 [Member] | Senior Notes Class C [Member]
Debt Instrument [Line Items]
Outstanding Borrowings					20,800,000
Basis spread on variable rate					3.15%
RSO [Member] | RCC CRE Notes 2013 [Member] | Senior Notes Class D [Member]
Debt Instrument [Line Items]
Outstanding Borrowings					30,700,000
Basis spread on variable rate					4.00%
RCC Commercial [Member] | RCC CRE Notes 2015 [Member]
Debt Instrument [Line Items]
Payments by parent to acquire notes issued by VIE						27,700,000
RCC Commercial [Member] | RCC CRE Notes 2015 [Member] | Senior Notes Class E [Member]
Debt Instrument [Line Items]
Payments by parent to acquire notes issued by VIE						20,800,000
RCC Commercial [Member] | RCC CRE Notes 2015 [Member] | Senior Notes Class F [Member]
Debt Instrument [Line Items]
Payments by parent to acquire notes issued by VIE						15,600,000
Moselle [Member] | RSO [Member] | Class 2 Subordinated Notes [Member]
Debt Instrument [Line Items]
Percentage of Outstanding Notes Purchased							67.90%
Wells Fargo Bank, National Association [Member] | CMBS - Term Repurchase Facilities [Member] | Linked and Non-linked Transactions [Member]
Debt Instrument [Line Items]
Debt instrument, weighted average interest rate	1.37%				1.35%
Wells Fargo Bank, National Association [Member] | CRE - Term Repurchase Facility [Member] | Linked and Non-linked Transactions [Member]
Debt Instrument [Line Items]
Debt instrument, weighted average interest rate	2.21%				2.38%
Wells Fargo Bank, National Association [Member] | RMBS - Term Repurchase Facility [Member] | Linked and Non-linked Transactions [Member]
Debt Instrument [Line Items]
Debt instrument, weighted average interest rate	2.43%				1.16%
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum	1.45%
Line of Credit Facility, Maximum Borrowing Capacity										110,000,000
Wells Fargo Bank, National Association [Member] | Jumbo Loans - Term Repurchase Facility [Member] | Linked and Non-linked Transactions [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum	3.00%
Line of Credit Facility, Maximum Borrowing Capacity										165,000,000
Wells Fargo Bank, National Association [Member] | RCC Real Estate [Member] | CRE - Term Repurchase Facility [Member]
Debt Instrument [Line Items]
Unamortized Debt Issuance Expense	1,400,000				1,700,000
Wells Fargo Bank, National Association [Member] | RCC Residential Portfolio Inc. and RCC Residential Portfolio TRS Inc. [Member] | RMBS - Term Repurchase Facility [Member] | Linked and Non-linked Transactions [Member]
Debt Instrument [Line Items]
Debt Instrument, Term, Option to Extend								1 year
Repurchase Agreements [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	368,397,000
Outstanding Borrowings					399,662,000
Repurchase Agreements [Member] | Wells Fargo Bank, National Association [Member] | Linked and Non-linked Transactions [Member]
Debt Instrument [Line Items]
Debt instrument, weighted average interest rate	2.75%				2.75%
Repurchase Agreements [Member] | Wells Fargo Bank, National Association [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	28,229,000				61,189,000
Debt instrument, weighted average interest rate	2.75%				2.75%
Repurchase Agreements [Member] | New Century Bank [Member] | Linked and Non-linked Transactions [Member]
Debt Instrument [Line Items]
Debt instrument, weighted average interest rate	2.80%				2.82%
Repurchase Agreements [Member] | New Century Bank [Member] | RSO [Member]
Debt Instrument [Line Items]
Outstanding Borrowings	46,419,000				41,387,000
Debt instrument, weighted average interest rate	2.80%				2.82%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, increase in borrowing capacity	15,000,000
Revolving Credit Facility [Member] | Northport LLC [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity, Effective Commitment	140,000,000
Revolving Credit Facility [Member] | Northport LLC [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	225,000,000										110,000,000
Line of credit facility, increase in borrowing capacity	15,000,000
Line of Credit Facility, Maximum Borrowing Capacity, Effective Commitment	$125,000,000

VARIABLE_INTEREST_ENTITIES_REL

VARIABLE INTEREST ENTITIES RELATED PARTY TRANSACTIONS (Details) RSO (USD $)

1 Months Ended

3 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

0 Months Ended

Oct. 31, 2012

Mar. 31, 2015

Mar. 31, 2014

Dec. 31, 2014

Jan. 11, 2013

Feb. 15, 2012

Sep. 03, 2011

Mar. 05, 2010

Mar. 05, 2011

Feb. 24, 2011

31-May-13

Jul. 31, 2013

Nov. 07, 2013

Entity

RSO [Member]

Related Party Transaction [Line Items]

Provision (recovery) for loan losses

($3,990,000)

($1,804,000)

Direct financing leases

1,951,000

2,109,000

Income (loss) and interest expense from equity method investments

1,299,000

3,831,000

Investments in unconsolidated entities

55,488,000

59,827,000

Number of Collateralized Loan Obligation Issuers

5

Preferred equity acquired

66.60%

RSO [Member] | Lease Equity Appreciation Fund II [Member]

Related Party Transaction [Line Items]

Revolving credit facility, maximum borrowing capacity

8,000,000

Line of credit facility, term (in years)

1 year

Line of credit facility, interest rate during period (in hundredths)

10.00%

12.00%

Origination fee with establishment of line of credit facility (in hundredths)

1.00%

Line of credit facility, extension fee percentage (in hundredths)

1.00%

1.00%

1.00%

RSO [Member] | Churchill Pacific Asset Management LLC [Member]

Related Party Transaction [Line Items]

Ownership percentage

100.00%

Purchase price of acquired entity paid by acquiring entity

22,500,000

Assets under management, carrying amount

1,900,000,000

RSO [Member] | CVC Credit Partners [Member]

Related Party Transaction [Line Items]

Investment management fee, percentage

1.50%

RSO [Member] | Ledgewood [Member]

Related Party Transaction [Line Items]

Legal fees

274,000

38,000

Resource America [Member] | CVC Capital Partners [Member]

Related Party Transaction [Line Items]

Ownership percentage

33.00%

Apidos Capital Management LLC [Member] | CVC Capital Partners [Member]

Related Party Transaction [Line Items]

Percentage of subordinated fees the company is entitled to collect

10.00%

Percentage of incentive fees the company is entitled to collect

50.00%

Subordinated Fees

237,000

370,000

Interest in LCC [Member] | RSO [Member]

Related Party Transaction [Line Items]

Income (loss) and interest expense from equity method investments

52,000

-594,000

Investments in unconsolidated entities

39,469,000

39,416,000

Investment in CVC Global Opps Fund [Member] | RSO [Member]

Related Party Transaction [Line Items]

Income (loss) and interest expense from equity method investments

608,000

834,000

Proceeds from Divestiture of Businesses and Interests in Affiliates

5,000,000

Investments in unconsolidated entities

13,817,000

18,209,000

Ownership percentage

20.60%

Whitney CLO I, Ltd. [Member] | RSO [Member]

Related Party Transaction [Line Items]

Ownership percentage in VIE

68.30%

Variable Interest Entity, Not Primary Beneficiary [Member] | Investment in CVC Global Opps Fund [Member] | RSO [Member]

Related Party Transaction [Line Items]

Payments to Acquire Equity Method Investments

15,000,000

Loans Receivable - Related Party [Member] | RSO [Member]

Related Party Transaction [Line Items]

Provision (recovery) for loan losses

188,000

-1,297,000

Elevation Home Loans, LLC [Member] | RSO [Member]

Related Party Transaction [Line Items]

Business Acquisition, Equity Interest Issued or Issuable, Value Assigned

$830,000

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares

136,659

VARIABLE_INTEREST_ENTITIES_FAI

VARIABLE INTEREST ENTITIES FAIR VALUE OF FINANCIAL INSTRUMENTS (Assets and Liabilities Measured at Fair Value) (Details) RSO (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Assets:
Investment securities, trading	$266	$475
Investment securities available-for-sale	9,519	9,065
RSO [Member]
Assets:
Investment securities, trading	29,770	20,786
Investment securities available-for-sale	284,070	275,720
CMBS - linked transactions	0	15,367
Derivatives, at fair value	14,036	5,304
RSO [Member] | Recurring Basis [Member]
Assets:
Investment securities, trading	29,770	20,786
Investment securities available-for-sale	284,070	275,720
CMBS - linked transactions		15,367
Derivatives, at fair value	14,035	5,304
Total assets at fair value	327,875	317,177
Liabilities:
Moselle CLO Notes		68,940
Derivatives (net)	8,860	8,476
Total liabilities at fair value	8,860	77,416
RSO [Member] | Recurring Basis [Member] | Level 1 [Member]
Assets:
Investment securities, trading	0	0
Investment securities available-for-sale	0	0
CMBS - linked transactions		0
Derivatives, at fair value	7,015	3,429
Total assets at fair value	7,015	3,429
Liabilities:
Moselle CLO Notes		0
Derivatives (net)	0	0
Total liabilities at fair value	0	0
RSO [Member] | Recurring Basis [Member] | Level 2 [Member]
Assets:
Investment securities, trading	0	0
Investment securities available-for-sale	32,567	33,158
CMBS - linked transactions		0
Derivatives, at fair value	384	7
Total assets at fair value	32,951	33,165
Liabilities:
Moselle CLO Notes		0
Derivatives (net)	1,319	0
Total liabilities at fair value	1,319	0
RSO [Member] | Recurring Basis [Member] | Level 3 [Member]
Assets:
Investment securities, trading	29,770	20,786
Investment securities available-for-sale	251,503	242,562
CMBS - linked transactions		15,367
Derivatives, at fair value	6,636	1,868
Total assets at fair value	287,909	280,583
Liabilities:
Moselle CLO Notes		68,940
Derivatives (net)	7,541	8,476
Total liabilities at fair value	$7,541	$77,416

VARIABLE_INTEREST_ENTITIES_FAI1

VARIABLE INTEREST ENTITIES FAIR VALUE OF FINANCIAL INSTRUMENTS (Assets Measured on Recurring Basis) (Details) RSO (RSO [Member], Level 3 [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$280,583
Included in earnings	14,370
Unlined transactions	33,239
Purchases	17,337
Sales	-5,230
Paydowns	-32,157
Issuances	0
Settlements	-21,248
Included in OCI	-2,857
Transfers into level 3	856
Ending balance	284,893
CMBS Including Linked Transactions [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	185,772
Included in earnings	0
Unlined transactions	33,239
Purchases	4,000
Sales	0
Paydowns	-30,983
Issuances	0
Settlements	0
Included in OCI	1,740
Transfers into level 3	0
Ending balance	193,768
ABS [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	72,157
Included in earnings	1,255
Unlined transactions	0
Purchases	0
Sales	0
Paydowns	-720
Issuances	0
Settlements	-11,216
Included in OCI	-4,597
Transfers into level 3	856
Ending balance	57,735
RMBS [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	20,786
Included in earnings	1,331
Unlined transactions	0
Purchases	13,337
Sales	-5,230
Paydowns	-454
Issuances	0
Settlements	0
Included in OCI	0
Transfers into level 3	0
Ending balance	29,770
Structured Finance [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	898
Included in earnings	-39
Unlined transactions	0
Purchases	0
Sales	0
Paydowns	0
Issuances	0
Settlements	0
Included in OCI	0
Transfers into level 3	0
Ending balance	859
Interest Rate Lock Commitments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	970
Included in earnings	11,823
Unlined transactions	0
Purchases	0
Sales	0
Paydowns	0
Issuances	0
Settlements	-10,032
Included in OCI	0
Transfers into level 3	0
Ending balance	$2,761

VARIABLE_INTEREST_ENTITIES_FAI2

VARIABLE INTEREST ENTITIES FAIR VALUE OF FINANCIAL INSTRUMENTS (Liabilities Measured on a Recurring Basis Level 3 Inputs) (Details) (RSO [Member], Interest Rate Swap [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
RSO [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	$8,680
Unrealized gains - included in accumulated other comprehensive income	-1,142
Included in earnings	0
Ending balance	$7,538

VARIABLE_INTEREST_ENTITIES_FAI3

VARIABLE INTEREST ENTITIES FAIR VALUE OF FINANCIAL INSTRUMENTS (Assets and Liabilities, Quantitative Information) (Details) RSO (RSO [Member], Fair Value, Measurements, Nonrecurring [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans held for sale	$73,892	$36,956
Impaired loans	2,445	139,489
Total assets at fair value	76,337	176,445
Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans held for sale	0	0
Impaired loans	0	0
Total assets at fair value	0	0
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans held for sale	73,892	36,956
Impaired loans	2,445	1,678
Total assets at fair value	76,337	38,634
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans held for sale	0	0
Impaired loans	0	137,811
Total assets at fair value	$0	$137,811

VARIABLE_INTEREST_ENTITIES_FAI4

VARIABLE INTEREST ENTITIES FAIR VALUE OF FINANCIAL INSTRUMENTS (Significant Observable Outputs) (Details) RSO (Details) (Discounted Cash Flow Technique [Member], Derivative Financial Instruments, Liabilities [Member], Level 3 [Member], RSO [Member], USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets at fair value	$7,538
Interest Rate Swap [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Significant Unobservable Input Value	4.78%

VARIABLE_INTEREST_ENTITIES_FAI5

VARIABLE INTEREST ENTITIES FAIR VALUE OF FINANCIAL INSTRUMENTS (Fair Value, by Balance Sheet Grouping) (Details) RSO (RSO [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans held-for-investment	$1,960,250	$1,925,980
Loans receivable-related party	1,229	1,277
Senior secured revolving credit agreement	28,167	18,030
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans held-for-investment	1,960,250	1,925,980
Loans receivable-related party	1,229	1,277
CDO notes	1,770,686	1,046,493
Junior subordinated notes	51,256	51,205
Repurchase agreements	368,397	399,662
Senior secured revolving credit agreement	132,493	111,137
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans held-for-investment	1,951,974	1,909,019
Loans receivable-related party	1,229	1,277
CDO notes	1,098,171	975,762
Junior subordinated notes	17,750	17,699
Repurchase agreements	368,397	399,662
Senior secured revolving credit agreement	132,493	111,137
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans held-for-investment	0	0
Loans receivable-related party	0	0
CDO notes	0	0
Junior subordinated notes	0	0
Repurchase agreements	0	0
Senior secured revolving credit agreement	0	0
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans held-for-investment	515,227	570,071
Loans receivable-related party	0	0
CDO notes	0	0
Junior subordinated notes	0	0
Repurchase agreements	0	0
Senior secured revolving credit agreement	0	0
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans held-for-investment	1,436,747	1,338,948
Loans receivable-related party	1,229	1,277
CDO notes	1,098,171	975,762
Junior subordinated notes	17,750	17,699
Repurchase agreements	368,397	399,662
Senior secured revolving credit agreement	$132,493	$111,137

VARIABLE_INTEREST_ENTITIES_FAI6

VARIABLE INTEREST ENTITIES FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) RSO (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	$9,519,000		$9,065,000
RSO [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	284,070,000		275,720,000
Outstanding Borrowings	1,952,765,000		1,734,901,000
Provision (recovery of) for loan losses	3,990,000	-3,960,000
Fair Value Assumptions, Market Capitalization	112,500,000
Fair Value Assumptions, Expected Volatility Rate	50.00%
RSO [Member] | Recurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	284,070,000		275,720,000
RSO [Member] | Recurring Basis [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	32,567,000		33,158,000
RSO [Member] | Recurring Basis [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	251,503,000		242,562,000
RSO [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Provision (recovery of) for loan losses	2,500,000	440,000
Assets Held-for-sale [Member] | RSO [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Provision (recovery of) for loan losses	721,000	0
Moselle CLO S.A. Securitized Borrowings [Member] | RSO [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding Borrowings	120,000		5,619,000
Residential Mortgage Loans [Member] | RSO [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	174,400,000
Residential Mortgage Loans [Member] | RSO [Member] | Recurring Basis [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	61,400,000
Residential Mortgage Loans [Member] | RSO [Member] | Recurring Basis [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	$113,000,000

VARIABLE_INTEREST_ENTITIES_RAI

VARIABLE INTEREST ENTITIES RAI - OTHER VIE (VIEs not consolidated) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Carrying amounts of assets of nonconsolidated VIEs and maximum exposure to loss associated with these VIEs [Abstract]
Loans and receivables from managed entities and related parties, net	$26,787	$30,303
Variable Interest Entity, Not Primary Beneficiary [Member]
Carrying amounts of assets of nonconsolidated VIEs and maximum exposure to loss associated with these VIEs [Abstract]
Maximum Exposure to Loss in Non-consolidated VIEs	1,588
Variable Interest Entity, Not Primary Beneficiary [Member] | Ischus Entities [Member]
Carrying amounts of assets of nonconsolidated VIEs and maximum exposure to loss associated with these VIEs [Abstract]
Maximum Exposure to Loss in Non-consolidated VIEs	158
Variable Interest Entity, Not Primary Beneficiary [Member] | Trapeza entities [Member]
Carrying amounts of assets of nonconsolidated VIEs and maximum exposure to loss associated with these VIEs [Abstract]
Maximum Exposure to Loss in Non-consolidated VIEs	714
Variable Interest Entity, Not Primary Beneficiary [Member] | RRE Global Opportunity Fund [Member]
Carrying amounts of assets of nonconsolidated VIEs and maximum exposure to loss associated with these VIEs [Abstract]
Maximum Exposure to Loss in Non-consolidated VIEs	716
Receivables from Managed Entities and Related Parties [Member]
Carrying amounts of assets of nonconsolidated VIEs and maximum exposure to loss associated with these VIEs [Abstract]
Loans and receivables from managed entities and related parties, net	158
Receivables from Managed Entities and Related Parties [Member] | Ischus Entities [Member]
Carrying amounts of assets of nonconsolidated VIEs and maximum exposure to loss associated with these VIEs [Abstract]
Loans and receivables from managed entities and related parties, net	158
Receivables from Managed Entities and Related Parties [Member] | Trapeza entities [Member]
Carrying amounts of assets of nonconsolidated VIEs and maximum exposure to loss associated with these VIEs [Abstract]
Loans and receivables from managed entities and related parties, net	0
Receivables from Managed Entities and Related Parties [Member] | RRE Global Opportunity Fund [Member]
Carrying amounts of assets of nonconsolidated VIEs and maximum exposure to loss associated with these VIEs [Abstract]
Loans and receivables from managed entities and related parties, net	0
Investments [Member]
Carrying amounts of assets of nonconsolidated VIEs and maximum exposure to loss associated with these VIEs [Abstract]
Investments	1,430
Investments [Member] | Ischus Entities [Member]
Carrying amounts of assets of nonconsolidated VIEs and maximum exposure to loss associated with these VIEs [Abstract]
Investments	0
Investments [Member] | Trapeza entities [Member]
Carrying amounts of assets of nonconsolidated VIEs and maximum exposure to loss associated with these VIEs [Abstract]
Investments	714
Investments [Member] | RRE Global Opportunity Fund [Member]
Carrying amounts of assets of nonconsolidated VIEs and maximum exposure to loss associated with these VIEs [Abstract]
Investments	$716

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	12 Months Ended	0 Months Ended	3 Months Ended	0 Months Ended
	Dec. 31, 2014	Apr. 01, 2015	Dec. 31, 2014	Apr. 10, 2015	Mar. 31, 2015	Sep. 18, 2014	Apr. 29, 2015
							Loan
Revolving Credit Facility [Member] | Northport LLC [Member]
Subsequent Event [Line Items]
Maximum borrowing capacity					$225,000,000	$110,000,000
Revolving Credit Facility [Member] | Northport LLC [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Maximum borrowing capacity		300,000,000
LIBOR [Member] | Revolving Credit Facility [Member] | Northport LLC [Member]
Subsequent Event [Line Items]
Basis spread on variable rate	2.50%
LIBOR [Member] | Revolving Credit Facility [Member] | Northport LLC [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Basis spread on variable rate		2.75%
Base Rate [Member] | Revolving Credit Facility [Member] | Northport LLC [Member]
Subsequent Event [Line Items]
Basis spread on variable rate			1.50%
Base Rate [Member] | Revolving Credit Facility [Member] | Northport LLC [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Basis spread on variable rate		1.75%
Bridge Loan [Member] | RSO [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Quantity				2			1
Number of Extensions				2
Loan Extension, Period of Time				1 year
Bridge Loan One [Member] | Bridge Loan [Member] | RSO [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Basis spread on variable rate				5.75%
Bridge Loan				2,500,000			2,500,000
Bridge Loan Two [Member] | Bridge Loan [Member] | RSO [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Bridge Loan				3,300,000
Minimum [Member] | LIBOR [Member] | RSO [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Basis spread on variable rate				0.25%