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SECURITIES (Tables)
3 Months Ended
Mar. 31, 2017
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 March 31, 2017 and December 31, 2016 (amounts in thousands):
 
 
March 31, 2017
 
December 31, 2016
 
Par
 
Amortized 
Cost
 
Estimated
Fair Value
 
Par
 
Amortized 
Cost
 
Estimated
Fair Value
Securities, at estimated fair value
$
337,428

 
$
261,274

 
$
271,477

 
$
371,785

 
$
304,628

 
$
229,206

Total
$
337,428

 
$
261,274

 
$
271,477

 
$
371,785

 
$
304,628

 
$
229,206

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):
 
 
Three months ended March 31, 2017
 
Three months ended March 31, 2016
Net realized gains (losses)
$
1,856

 
$
(1,593
)
Net (increase) decrease in unrealized losses
84,995

 
(50,126
)
Net realized and unrealized gains (losses)
$
86,851

 
$
(51,719
)
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):
 
 
Three months ended March 31, 2017
 
Three months ended March 31, 2016
 
Equity Investments
 
Interests in Joint Ventures and Partnerships(1)
 
Equity Investments
 
Interests in Joint Ventures and Partnerships(1)
Net realized gains (losses)
$

 
$
(34,125
)
 
$
725

 
$
(2,162
)
Net (increase) decrease in unrealized losses
5,592

 
64,360

 
(15,992
)
 
(83,093
)
Net realized and unrealized gains (losses)
$
5,592

 
$
30,235

 
$
(15,267
)
 
$
(85,255
)

 
 
 
 
 

(1) Includes net gain attributable to noncontrolling interests of $2.0 million for the three months ended March 31, 2017 and $15.5 million for the three months ended March 31, 2016.
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 March 31, 2017 and December 31, 2016 (amounts in thousands):
 
 
March 31, 2017
 
December 31, 2016
Pledged as collateral for collateralized loan obligation secured debt
$
2,158

 
$
13,337

Total
$
2,158

 
$
13,337