CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest income
Interest on bonds	$ 1,043	$ 2,538
Interest on loans and short-term investments	935	739
Total interest income	1,978	3,277
Asset related interest expense
Bond related debt	237	611
Non-bond related debt	62	0
Total interest expense	299	611
Net interest income	1,679	2,666
Non-interest income
Equity in income from unconsolidated funds and ventures	3,976	827
Net gains on bonds	3,571	0
Net (losses) gains on derivatives	(1,442)	2,309
Net losses on extinguishment of liabilities	(11)	0
Other income	17	44
Non-interest income	6,111	3,180
Other expenses
Interest expense	1,209	1,036
Salaries and benefits	0	1,304
External management fees and reimbursable expenses	2,268	2,519
General and administrative	314	348
Professional fees	967	3,214
Impairments	0	388
Other expenses	130	302
Total operating and other expenses	4,888	9,111
Net income (loss) from continuing operations before income taxes	2,902	(3,265)
Income tax (expense) benefit	(13)	856
Net income (loss) from continuing operations	2,889	(2,409)
Net (loss) income from discontinued operations, net of tax	(7)	20,749
Net income	$ 2,882	$ 18,340
Basic and diluted income per common share:
Income from continuing operations	$ 0.49	$ (0.42)
Income from discontinued operations		3.67
Income per common share	$ 0.49	$ 3.25
Weighted-average common shares outstanding:
Basic and diluted	5,882	5,650