CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest income
Interest on bonds	$ 1,582	$ 2,709	$ 2,625	$ 5,247
Interest on loans and short-term investments	1,295	923	2,230	1,662
Total interest income	2,877	3,632	4,855	6,909
Asset related interest expense
Bond related debt	191	673	428	1,284
Non-bond related debt	56	0	118	0
Total interest expense	247	673	546	1,284
Net interest income	2,630	2,959	4,309	5,625
Non-interest income
Equity in income from unconsolidated funds and ventures	5,643	1,555	9,619	2,382
Net gains on bonds	20,693	0	24,264	0
Net (losses) gains on derivatives	(1,872)	2,053	(3,314)	4,362
Net losses on extinguishment of liabilities	(19)	0	(30)	0
Other income	15	117	32	161
Non-interest income	24,460	3,725	30,571	6,905
Other expenses
Interest expense	1,197	1,151	2,406	2,187
Salaries and benefits	0	(209)	0	1,095
External management fees and reimbursable expenses	2,128	2,184	4,396	4,703
General and administrative	304	356	618	704
Professional fees	251	587	1,218	3,801
Impairments	0	0	0	388
Other expenses	(60)	(20)	70	282
Total other expenses	3,820	4,049	8,708	13,160
Net income (loss) from continuing operations before income taxes	23,270	2,635	26,172	(630)
Income tax (expense) benefit	(50)	(820)	(63)	36
Net income (loss) from continuing operations	23,220	1,815	26,109	(594)
Net (loss) income from discontinued operations, net of tax	(1)	947	(8)	21,696
Net income	$ 23,219	$ 2,762	$ 26,101	$ 21,102
Basic income per common share:
Income (loss) from continuing operations	$ 3.95	$ 0.32	$ 4.44	$ (0.10)
Income from discontinued operations		0.16		3.82
Income per common share	3.95	0.48	4.44	3.72
Diluted income per common share:
Income (loss) from continuing operations (in dollars per share)	3.95	0.26	4.44	(0.10)
Income from discontinued operations (in dollars per share)		0.16		3.82
Income per common share (in dollars per share)	$ 3.95	$ 0.42	$ 4.44	$ 3.72
Weighted-average common shares outstanding:
Basic (in shares)	5,884	5,697	5,883	5,673
Diluted (in shares)	5,884	6,074	5,883	5,673