CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 21,843	$ 29,619
Restricted cash (includes $22,992 and $24,186 related to consolidated funds and ventures ("CFVs"))	40,033	50,189
Bonds available-for-sale (includes $174,961 and $144,611 pledged as collateral)	218,439	222,899
Investments in partnerships (includes $177,786 and $231,204 related to CFVs	260,441	259,422
Investment in preferred stock (includes $0 and $31,371 pledged as collateral)		31,371
Other assets (includes $6,417 and $161 pledged as collateral and $18,834 and $11,128 related to CFVs)	58,315	75,246
Total assets	599,071	668,746
LIABILITIES AND EQUITY
Debt (includes $9,883 and $6,712 related to CFVs)	242,095	290,543
Accounts payable and accrued expenses	5,001	5,538
Unfunded equity commitments to Lower Tier Property Partnerships related to CFVs	8,203	9,597
Other liabilities (includes $28,233 and $31,831 related to CFVs)	47,551	41,870
Total liabilities	$ 302,850	$ 347,548
Commitments and contingencies
Equity
Noncontrolling interests in CFVs, International Housing Solution ("IHS") and IHS Property Management ("IHS PM") (net of $0 and $575 of subscriptions receivable)	$ 180,051	$ 229,714
Common shareholders’ equity:
Common shares, no par value (6,516,275 and 7,162,221 shares issued and outstanding and 72,476 and 66,106 non-employee directors' and employee deferred shares	47,755	35,032
Accumulated other comprehensive income ("AOCI")	68,415	56,452
Total common shareholders’ equity	116,170	91,484
Total equity	296,221	321,198
Total liabilities and equity	$ 599,071	$ 668,746