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SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Summary of the company's securities which are carried at estimated fair value
The following table summarizes the Company’s securities as of December 31, 2016 and December 31, 2015, which are carried at estimated fair value (amounts in thousands):
 
 
December 31, 2016
 
December 31, 2015
 
 
Par
 
Amortized Cost
 
Estimated
Fair Value
 
Par
 
Amortized Cost
 
Estimated
Fair Value
 
Securities, at estimated fair value
$
371,785

 
$
304,628

 
$
229,206

 
$
520,135

 
$
474,201

 
$
417,519

 
Total
$
371,785

 
$
304,628

 
$
229,206

 
$
520,135

 
$
474,201

 
$
417,519

 
Schedule of realized and unrealized gains from securities
The following table presents the Company’s realized and unrealized gains (losses) from securities (amounts in thousands):
 
 
Year ended
December 31, 2016
 
Year ended
December 31, 2015
 
Eight months ended December 31, 2014
 
Net realized gains (losses)
$
5,763

 
$
(10,797
)
 
$
2,891

 
Net (increase) decrease in unrealized losses
(18,783
)
 
(36,273
)
 
(11,460
)
 
Net realized and unrealized gains (losses)
$
(13,020
)
 
$
(47,070
)
 
$
(8,569
)
 
The following tables present the Company’s realized and unrealized gains (losses), which are accounted for similarly to securities and loans, from equity investments and interests in joint ventures and partnerships (amounts in thousands):
 
 
Year ended
December 31, 2016
 
Year ended
December 31, 2015
 
Eight months ended December 31, 2014
 
Equity Investments
 
Interests in Joint Ventures and Partnerships(1)
 
Equity Investments
 
Interests in Joint Ventures and Partnerships(1)
 
Equity Investments
 
Interests in Joint Ventures and Partnerships (1)
Net realized gains (losses)
$
(18,209
)
 
$
18,253

 
$
12,456

 
$
16,986

 
$
(556
)
 
$
4,272

Net (increase) decrease in unrealized losses
(27,729
)
 
(60,670
)
 
(28,297
)
 
(135,811
)
 
(30,168
)
 
(112,038
)
Net realized and unrealized gains (losses)
$
(45,938
)
 
$
(42,417
)
 
$
(15,841
)
 
$
(118,825
)
 
$
(30,724
)
 
$
(107,766
)
 
 
 
 
 
(1) Includes net loss attributable to noncontrolling interests of $11.8 million, $23.4 million and $6.0 million for the years ended December 31, 2016 and 2015, and eight months ended December 31, 2014, respectively.
Schedule of estimated fair value of securities pledged as collateral
The following table summarizes the estimated fair value of securities pledged as collateral as of December 31, 2016 and December 31, 2015 (amounts in thousands):
 
 
December 31, 2016
 
December 31, 2015
Pledged as collateral for collateralized loan obligation secured debt
$
13,337

 
$
170,365

Total
$
13,337

 
$
170,365