REAL ESTATE (Tables)

9 Months Ended

Sep. 30, 2013

Real Estate Held For Use [Abstract]

Schedule of Real Estate Held-for-use [Table Text Block]

The following table summarizes real estate held-for-use at September 30, 2013 and December 31, 2012:

(in thousands)	September 30, 2013		December 31, 2012
MuniMae’s real estate held-for-use	$	18,214	$	17,756
Real estate held-for-use related to CFVs(1)		103,649		111,931
Total real estate held-for-use	$	121,863	$	129,687

⁽¹⁾ For more information see Note 16, “Consolidated Funds and Ventures.”