Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Unearned Incentive Income Roll Forward

The Company receives incentive income distributions from certain real estate funds that are subject to clawback in the event of future losses in the respective fund. The Company recognizes this incentive income when it is no longer subject to clawback. These clawback contingencies will be resolved as remaining investments in the respective funds are realized, the timing of which is uncertain. The following table summarizes the activity in the Company’s unearned incentive income liability as of March 31, 2017:

	Unearned Incentive Income
	(dollars in thousands)
Balance as of December 31, 2016	$	96,079
Incentive income collected but subject to clawback	5,995
Incentive income recognized	(1,204		)
Balance as of March 31, 2017	$	100,870