EQUITY INVESTMENTS AND INTERESTS IN JOINT VENTURES AND PARTNERSHIPS (Tables)

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

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.

Summarized financial information of equity investments

The following table shows summarized financial information for the Company’s equity method investments, which were reported under the fair value option of accounting and were determined to be significant as defined by accounting guidance, assuming 100% ownership (amounts in thousands):

	Successor Company
	Credit								Commercial Real Estate							Natural Resources
	Year ended December 31, 2016		Year ended December 31, 2015			Eight months ended December 31, 2014			Year ended December 31, 2016		Year ended December 31, 2015		Eight months ended December 31, 2014			Year ended December 31, 2016		Year ended December 31, 2015			Eight months ended December 31, 2014
Revenues	$	45,332	$	29,503		$	14,157		$	186,252	$	138,431	$	77,661		$	6,479	$	4,673		$	5,057
Expenses (1)	$	55,412	$	40,408		$	19,325		$	124,070	$	148,463	$	80,685		$	791	$	5,685		$	3,600
Net income (loss) (2)	$	12,709	$	(20,796	)	$	(19,118	)	$	62,181	$	21,629	$	(3,024	)	$	5,688	$	(1,012	)	$	1,457

	Predecessor Company
	Credit		Commercial Real Estate			Natural Resources
	Four months ended April 30, 2014		Four months ended April 30, 2014			Four months ended April 30, 2014
Revenues	$	3,967	$	30,338		$	2,579
Expenses (1)	$	4,350	$	36,914		$	1,763
Net income (loss) (2)	$	8,741	$	(6,576	)	$	815

(1) Expenses include items such as operating costs, professional fees, management fees, depreciation and amortization, compensation, acquisition costs and other general and administrative costs for Credit and Commercial Real Estate. Expenses include items such as lease operating, production taxes, depreciation, depletion and amortization, and other general and administrative costs for Natural Resources.

(2) Net income (loss) includes realized and unrealized gains and losses, as well as other than temporary impairment.

The following table shows summarized financial information for the Company’s equity method investments reported under the fair value option of accounting assuming 100% ownership (amounts in thousands):

	Credit				Commercial Real Estate				Natural Resources
As of December 31,	2016		2015		2016		2015		2016		2015
Total assets	$	761,512	$	628,165	$	710,688	$	878,878	$	137,518	$	137,128
Total liabilities	$	532,693	$	418,281	$	682,865	$	812,935	$	—	$	90
Redeemable stock	$	—	$	—	$	—	$	—	$	—	$	—
Noncontrolling interests	$	—	$	—	$	—	$	—	$	—	$	—