Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING- Segment Reporting (Details)

v3.4.0.3
SEGMENT REPORTING- Segment Reporting (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Segment Reporting Information [Line Items]      
Interest income $ 21,039 $ 27,078  
Interest expense (13,534) (16,727)  
Inter-segment elimination   0  
Net interest income 7,505 10,351  
Total impairment 2,308 405  
Total operating revenues 62,158 60,826  
Total other income (loss) 80,443 501  
Loan and security servicing expense 37 96  
Operating expenses - golf 54,713 52,971  
Operating expenses - golf, repairs and maintenance expenses 1,892 1,966  
Cost of sales - golf 6,211 6,053  
General and administrative expense 2,724 1,677  
General and administrative expense - acquisition and transaction expenses 176 36  
Management fee to affiliate 2,675 2,668  
Depreciation and amortization 6,031 6,753  
Income tax expense 44 46  
Income (loss) from continuing operations 73,295 (993)  
Income from discontinued operations 0 115  
Net Income (loss) 73,295 (878)  
Preferred dividends (1,395) (1,395)  
Net loss attributable to noncontrolling interests 124 181  
Income (Loss) Applicable to Common Stockholders 72,024 (2,092)  
Investments 1,240,658    
Cash and restricted cash 36,024    
Other assets 403,418    
Total Assets 1,680,100   $ 1,467,982
Debt, net 867,370    
Other liabilities 559,971    
Total Liabilities 1,427,341   1,257,860
Preferred stock 61,583   61,583
Noncontrolling interests (381)   $ (257)
Equity (deficit) attributable to common stockholders 191,557    
Additions to investments in real estate 2,262    
Discontinued Operations      
Segment Reporting Information [Line Items]      
Interest income   0  
Interest expense   0  
Inter-segment elimination   0  
Net interest income   0  
Total impairment   0  
Total operating revenues   0  
Total other income (loss)   0  
Loan and security servicing expense   0  
Operating expenses - golf   0  
Operating expenses - golf, repairs and maintenance expenses   0  
Cost of sales - golf   0  
General and administrative expense   0  
General and administrative expense - acquisition and transaction expenses   0  
Management fee to affiliate   0  
Depreciation and amortization   0  
Income tax expense   0  
Income (loss) from continuing operations   0  
Income from discontinued operations   115  
Net Income (loss)   115  
Preferred dividends   0  
Net loss attributable to noncontrolling interests   0  
Income (Loss) Applicable to Common Stockholders   115  
CDOs      
Segment Reporting Information [Line Items]      
Interest income 1,097 15,922  
Interest expense (491) (2,583)  
Inter-segment elimination   (1,478)  
Net interest income 606 11,861  
Total impairment 110 337  
Total operating revenues 0 0  
Total other income (loss) 82,130 530  
Loan and security servicing expense 30 96  
Operating expenses - golf 0 0  
Operating expenses - golf, repairs and maintenance expenses 0 0  
Cost of sales - golf 0 0  
General and administrative expense 0 0  
General and administrative expense - acquisition and transaction expenses 0 0  
Management fee to affiliate 0 0  
Depreciation and amortization 0 0  
Income tax expense 0 0  
Income (loss) from continuing operations 82,596 11,958  
Income from discontinued operations   0  
Net Income (loss) 82,596 11,958  
Preferred dividends 0 0  
Net loss attributable to noncontrolling interests 0 0  
Income (Loss) Applicable to Common Stockholders 82,596 11,958  
Investments 0    
Cash and restricted cash 0    
Other assets 0    
Total Assets 0    
Debt, net 0    
Other liabilities 0    
Total Liabilities 0    
Preferred stock 0    
Noncontrolling interests 0    
Equity (deficit) attributable to common stockholders 0    
Additions to investments in real estate 0    
Other Debt      
Segment Reporting Information [Line Items]      
Interest income 19,894 12,595  
Interest expense (9,433) (9,579)  
Inter-segment elimination   0  
Net interest income 10,461 3,016  
Total impairment 2,198 68  
Total operating revenues 0 0  
Total other income (loss) (1,403) (37)  
Loan and security servicing expense 7 0  
Operating expenses - golf 0 0  
Operating expenses - golf, repairs and maintenance expenses 0 0  
Cost of sales - golf 0 0  
General and administrative expense 0 0  
General and administrative expense - acquisition and transaction expenses 0 0  
Management fee to affiliate 0 0  
Depreciation and amortization 0 0  
Income tax expense 0 0  
Income (loss) from continuing operations 6,853 2,911  
Income from discontinued operations   0  
Net Income (loss) 6,853 2,911  
Preferred dividends 0 0  
Net loss attributable to noncontrolling interests 0 0  
Income (Loss) Applicable to Common Stockholders 6,853 2,911  
Investments 943,204    
Cash and restricted cash 660    
Other assets 367,888    
Total Assets 1,311,752    
Debt, net 736,498    
Other liabilities 382,407    
Total Liabilities 1,118,905    
Preferred stock 0    
Noncontrolling interests 0    
Equity (deficit) attributable to common stockholders 192,847    
Additions to investments in real estate 0    
Golf      
Segment Reporting Information [Line Items]      
Interest income 42 35  
Interest expense (2,665) (5,097)  
Inter-segment elimination   1,478  
Net interest income (2,623) (3,584)  
Total impairment 0 0  
Total operating revenues 62,158 60,826  
Total other income (loss) (284) 8  
Loan and security servicing expense 0 0  
Operating expenses - golf 54,713 52,971  
Operating expenses - golf, repairs and maintenance expenses 1,892 1,966  
Cost of sales - golf 6,211 6,053  
General and administrative expense 841 249  
General and administrative expense - acquisition and transaction expenses 138 36  
Management fee to affiliate 0 0  
Depreciation and amortization 6,031 6,753  
Income tax expense 44 46  
Income (loss) from continuing operations (10,619) (10,824)  
Income from discontinued operations   0  
Net Income (loss) (10,619) (10,824)  
Preferred dividends 0 0  
Net loss attributable to noncontrolling interests 124 181  
Income (Loss) Applicable to Common Stockholders (10,495) (10,643)  
Investments 297,454    
Cash and restricted cash 7,634    
Other assets 35,377    
Total Assets 340,465    
Debt, net 79,649    
Other liabilities 163,292    
Total Liabilities 242,941    
Preferred stock 0    
Noncontrolling interests (381)    
Equity (deficit) attributable to common stockholders 97,905    
Additions to investments in real estate 2,262    
Corporate      
Segment Reporting Information [Line Items]      
Interest income 6 4  
Interest expense (945) (946)  
Inter-segment elimination   0  
Net interest income (939) (942)  
Total impairment 0 0  
Total operating revenues 0 0  
Total other income (loss) 0 0  
Loan and security servicing expense 0 0  
Operating expenses - golf 0 0  
Operating expenses - golf, repairs and maintenance expenses 0 0  
Cost of sales - golf 0 0  
General and administrative expense 1,883 1,428  
General and administrative expense - acquisition and transaction expenses 38 0  
Management fee to affiliate 2,675 2,668  
Depreciation and amortization 0 0  
Income tax expense 0 0  
Income (loss) from continuing operations (5,535) (5,038)  
Income from discontinued operations   0  
Net Income (loss) (5,535) (5,038)  
Preferred dividends (1,395) (1,395)  
Net loss attributable to noncontrolling interests 0 0  
Income (Loss) Applicable to Common Stockholders (6,930) (6,433)  
Investments 0    
Cash and restricted cash 27,730    
Other assets 153    
Total Assets 27,883    
Debt, net 51,223    
Other liabilities 14,272    
Total Liabilities 65,495    
Preferred stock 61,583    
Noncontrolling interests 0    
Equity (deficit) attributable to common stockholders (99,195)    
Additions to investments in real estate $ 0    
Eliminations      
Segment Reporting Information [Line Items]      
Interest income   (1,478)  
Interest expense   1,478  
Inter-segment elimination   0  
Net interest income   0  
Total impairment   0  
Total operating revenues   0  
Total other income (loss)   0  
Loan and security servicing expense   0  
Operating expenses - golf   0  
Operating expenses - golf, repairs and maintenance expenses   0  
Cost of sales - golf   0  
General and administrative expense   0  
General and administrative expense - acquisition and transaction expenses   0  
Management fee to affiliate   0  
Depreciation and amortization   0  
Income tax expense   0  
Income (loss) from continuing operations   0  
Income from discontinued operations   0  
Net Income (loss)   0  
Preferred dividends   0  
Net loss attributable to noncontrolling interests   0  
Income (Loss) Applicable to Common Stockholders   $ 0