Annual report pursuant to Section 13 and 15(d)

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION - Balance Sheet (Details)

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UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION - Balance Sheet (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Assets        
Real estate securities, available-for-sale - Note 6 $ 984,263 [1] $ 1,691,575 [1]    
Real estate related and other loans, held-for-sale, net - Note 7 437,530 843,132    
Residential mortgage loans, held-for-investment, net - Note 7 255,450 292,461    
Residential mortgage loans, held-for-sale, net - Note 7 2,185 2,471    
Subprime mortgage loans subject to call option - Note 7 406,217 405,814    
Investments in senior housing real estate, net of accumulated depreciation - Note 9 1,362,900 162,801    
Investments in other real estate, net of accumulated depreciation - Note 10 266,170 6,672    
Property, Plant and Equipment, net of accumulated depreciation - Note 11 270,188       
Intangibles, net of accumulated amortization - Note 12 345,125 19,086    
Goodwill - Note 12 126,686       
Other investments 25,468 24,907    
Cash and cash equivalents 105,944 231,898    
Restricted cash 12,366 2,064    
Receivables and other assets 252,071 17,362    
Total Assets 4,852,563 3,945,312    
Liabilities        
CDO bonds payable - Note 14 544,525 1,091,354    
Other bonds and notes payable - Note 14 230,279 183,390    
Repurchase agreements - Note 14 556,347 929,435    
Mortgage notes payable - Note 14 1,076,828 120,525    
Credit facilities, media and golf - Note 14 334,514       
Financing of subprime mortgage loans subject to call option - Note 7 406,217 405,814    
Junior subordinated notes payable - Note 14 51,237 51,243    
Dividends Payable 36,075 38,884    
Accounts payable, accrued expenses and other liabilities 390,417 51,127    
Total Liabilities 3,626,439 2,872,252    
Equity        
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 1,347,321 shares of 9.75% Series B Cumulative Redeemable Preferred Stock, 496,000 shares of 8.05% Series C Cumulative Redeemable Preferred Stock, and 620,000 shares of 8.375% Series D Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share, issued and outstanding as of December 31, 2013 and December 31, 2012 61,583 61,583    
Common stock, $0.01 par value, 1,000,000,000 and 500,000,000 shares authorized, 351,453,495 and 172,525,645 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively 3,515 1,725    
Additional paid-in capital 2,970,786 1,710,083    
Accumulated deficit - Note 2 (1,947,913) (771,095)    
Accumulated other comprehensive income - Note 2 76,874 70,764    
Noncontrolling interests 61,279       
Total Equity 1,226,124 1,073,060 192,089 (247,585)
Total Liabilities and Equity 4,852,563 3,945,312    
Pro Forma Adjustments Media Spin-Off
        
Assets        
Real estate securities, available-for-sale - Note 6    [2]      
Real estate related and other loans, held-for-sale, net - Note 7    [2]      
Residential mortgage loans, held-for-investment, net - Note 7    [2]      
Residential mortgage loans, held-for-sale, net - Note 7    [2]      
Subprime mortgage loans subject to call option - Note 7    [2]      
Investments in senior housing real estate, net of accumulated depreciation - Note 9    [2]      
Investments in other real estate, net of accumulated depreciation - Note 10    [2]      
Property, Plant and Equipment, net of accumulated depreciation - Note 11 (270,188) [2]      
Intangibles, net of accumulated amortization - Note 12 (145,401) [2]      
Goodwill - Note 12 (126,686) [2]      
Other investments    [2]      
Cash and cash equivalents (31,811) [2]      
Restricted cash (6,477) [2]      
Receivables and other assets (110,183) [2]      
Total Assets (690,746) [2]      
Liabilities        
CDO bonds payable - Note 14    [2]      
Other bonds and notes payable - Note 14    [2]      
Repurchase agreements - Note 14    [2]      
Mortgage notes payable - Note 14    [2]      
Credit facilities, media and golf - Note 14 (182,016) [2]      
Financing of subprime mortgage loans subject to call option - Note 7    [2]      
Junior subordinated notes payable - Note 14    [2]      
Dividends Payable    [2]      
Accounts payable, accrued expenses and other liabilities (113,164) [2]      
Total Liabilities (295,180) [2]      
Equity        
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 1,347,321 shares of 9.75% Series B Cumulative Redeemable Preferred Stock, 496,000 shares of 8.05% Series C Cumulative Redeemable Preferred Stock, and 620,000 shares of 8.375% Series D Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share, issued and outstanding as of December 31, 2013 and December 31, 2012    [2]      
Common stock, $0.01 par value, 1,000,000,000 and 500,000,000 shares authorized, 351,453,495 and 172,525,645 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively    [2]      
Additional paid-in capital (334,653) [2]      
Accumulated deficit - Note 2    [2]      
Accumulated other comprehensive income - Note 2    [2]      
Noncontrolling interests (60,913) [2]      
Total Equity (395,566) [2]      
Total Liabilities and Equity (690,746) [2]      
Pro Forma
        
Assets        
Real estate securities, available-for-sale - Note 6 984,263      
Real estate related and other loans, held-for-sale, net - Note 7 437,530      
Residential mortgage loans, held-for-investment, net - Note 7 255,450      
Residential mortgage loans, held-for-sale, net - Note 7 2,185      
Subprime mortgage loans subject to call option - Note 7 406,217      
Investments in senior housing real estate, net of accumulated depreciation - Note 9 1,362,900      
Investments in other real estate, net of accumulated depreciation - Note 10 266,170      
Property, Plant and Equipment, net of accumulated depreciation - Note 11         
Intangibles, net of accumulated amortization - Note 12 199,724      
Goodwill - Note 12         
Other investments 25,468      
Cash and cash equivalents 74,133      
Restricted cash 5,889      
Receivables and other assets 141,888      
Total Assets 4,161,817      
Liabilities        
CDO bonds payable - Note 14 544,525      
Other bonds and notes payable - Note 14 230,279      
Repurchase agreements - Note 14 556,347      
Mortgage notes payable - Note 14 1,076,828      
Credit facilities, media and golf - Note 14 152,498      
Financing of subprime mortgage loans subject to call option - Note 7 406,217      
Junior subordinated notes payable - Note 14 51,237      
Dividends Payable 36,075      
Accounts payable, accrued expenses and other liabilities 277,253      
Total Liabilities 3,331,259      
Equity        
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 1,347,321 shares of 9.75% Series B Cumulative Redeemable Preferred Stock, 496,000 shares of 8.05% Series C Cumulative Redeemable Preferred Stock, and 620,000 shares of 8.375% Series D Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share, issued and outstanding as of December 31, 2013 and December 31, 2012 61,583      
Common stock, $0.01 par value, 1,000,000,000 and 500,000,000 shares authorized, 351,453,495 and 172,525,645 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively 3,515      
Additional paid-in capital 2,636,133      
Accumulated deficit - Note 2 (1,947,913)      
Accumulated other comprehensive income - Note 2 76,874      
Noncontrolling interests 366      
Total Equity 830,588      
Total Liabilities and Equity $ 4,161,817      
[1] See Note 13 regarding the estimation of fair value, which is equal to carrying value for all securities.
[2] Represents New Media's historical consolidated balance sheet at December 31, 2013.