CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 28,243	$ 35,693
Restricted cash (includes $23,495 related to consolidated funds and ventures ("CFVs") at December 31, 2017)	5,635	44,766
Investments in debt securities (includes $85,347 and $128,902 pledged as collateral)	97,190	143,604
Investments in partnerships (includes $99,142 related to CFVs at December 31, 2017)	155,079	227,962
Loans held for investment (includes $67,000 of related party loans at December 31, 2018)	67,299	736
Other assets (includes $5,175 related to CFVs at December 31, 2017)	10,940	17,895
Assets of discontinued operations	0	61,230
Total assets	364,386	531,886
LIABILITIES AND EQUITY
Debt (includes $6,712 related to CFVs at December 31, 2017)	149,187	216,139
Accounts payable and accrued expenses	2,289	6,098
Unfunded equity commitments to lower tier property partnerships related to CFVs	0	8,003
Other liabilities (includes $35,850 related to CFVs at December 31, 2017)		57,332
Liabilities of discontinued operations	0	17,212
Total liabilities	151,476	304,784
Commitments and contingencies (see Note 10)
Equity
Noncontrolling interests in CFVs	0	89,529
Common shareholders' equity:
Common shares, no par value, 50,000,000 shares are authorized (5,777,216 and 5,525,687 shares issued and outstanding and 104,464 and 92,282 non-employee directors' deferred shares issued at December 31, 2018 and 2017)	175,213	96,420
Accumulated other comprehensive income ("AOCI")	37,697	41,153
Total common shareholders' equity	212,910	137,573
Total equity	212,910	227,102
Total liabilities and equity	$ 364,386	$ 531,886