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

6 Months Ended

Jun. 30, 2016

Equity Method Investments and Joint Ventures [Abstract]

Schedule of realized and unrealized gains (losses) from investments

The following table presents the Company’s realized and unrealized gains (losses) from securities (amounts in thousands):

	Three months ended June 30, 2016		Three months ended June 30, 2015			Six months ended June 30, 2016			Six months ended June 30, 2015
Net realized gains (losses)	$	5,779	$	(5,374	)	$	4,186		$	(5,900	)
Net (increase) decrease in unrealized losses	15,030		(6,909		)	(35,096		)	(5,075		)
Net realized and unrealized gains (losses)	$	20,809	$	(12,283	)	$	(30,910	)	$	(10,975	)

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 June 30, 2016						Three months ended  June 30, 2015					Six months ended June 30, 2016						Six months ended June 30, 2015
	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)			Equity Investments		Interests in Joint Ventures and Partnerships (1)
Net realized gains (losses)	$	(4,496	)	$	9,736		$	(58	)	$	—	$	(3,771	)	$	7,574		$	1,366	$	—
Net (increase) decrease in unrealized losses	(457		)	(5,346		)	29,799			9,026		(16,449		)	(88,439		)	7,373		(17,473		)
Net realized and unrealized gains (losses)	$	(4,953	)	$	4,390		$	29,741		$	9,026	$	(20,220	)	$	(80,865	)	$	8,739	$	(17,473	)

(1) Includes net loss attributable to noncontrolling interests of $1.3 million and $16.8 million for the three and six months ended June 30, 2016, respectively, and $2.7 million and $8.8 million for the three and six months ended June 30, 2015, respectively.

Schedule of equity investments pledged as collateral

The following table summarizes the estimated fair value of securities pledged as collateral as of June 30, 2016 and December 31, 2015 (amounts in thousands):

	June 30, 2016		December 31, 2015
Pledged as collateral for collateralized loan obligation secured debt	$	25,211	$	170,365
Total	$	25,211	$	170,365

The following table summarizes the equity investments, at estimated fair value, pledged as collateral as of June 30, 2016 and December 31, 2015 (amounts in thousands):

	June 30, 2016		December 31, 2015
Pledged as collateral for collateralized loan obligation secured debt	$	46,350	$	82,430
Total	$	46,350	$	82,430