CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest income
Interest on bonds	$ 556	$ 1,582	$ 1,024	$ 2,625
Interest on loans and short-term investments	45	1,295	136	2,230
Total interest income	601	2,877	1,160	4,855
Asset related interest expense
Bond related debt	47	191	47	428
Non-bond related debt		56		118
Total interest expense	47	247	47	546
Net interest income	554	2,630	1,113	4,309
Non-interest income
Equity in income from unconsolidated funds and ventures	13,351	5,643	17,499	9,619
Net gains on bonds		20,693		24,264
Net losses on derivatives	(584)	(1,872)	(2,295)	(3,314)
Net loss on other assets	(201)	0	(201)	0
Net gains (losses) on loans and extinguishment of liabilities	20	(19)	11	(30)
Other income	1	15	2	32
Non-interest income	12,587	24,460	15,016	30,571
Other expenses
Interest expense	2,418	1,197	4,687	2,406
External management fees and reimbursable expenses	2,449	2,128	5,209	4,396
General and administrative	372	304	731	618
Professional fees	624	251	1,333	1,218
Impairment losses	8,972	0	8,972	0
Other expenses	(146)	(60)	994	70
Total other expenses	14,689	3,820	21,926	8,708
Net (loss) income from continuing operations before income taxes	(1,548)	23,270	(5,797)	26,172
Income tax expense	(1,960)	(50)	(769)	(63)
Net (loss) income from continuing operations	(3,508)	23,220	(6,566)	26,109
Net loss from discontinued operations, net of tax		(1)		(8)
Net (loss) income	$ (3,508)	$ 23,219	$ (6,566)	$ 26,101
Basic and diluted income per common share:
(Loss) income from continuing operations	$ (0.60)	$ 3.95	$ (1.13)	$ 4.44
Loss from discontinued operations
Earnings Per Share, Basic and Diluted, Total	$ (0.60)	$ 3.95	$ (1.13)	$ 4.44
Weighted-average common shares outstanding:
Basic and diluted	5,807	5,884	5,806	5,883