RELATED-PARTY TRANSACTIONS (Tables)

3 Months Ended

Mar. 31, 2020

Amounts due from and to affiliates are set forth below. The fair value of amounts due from and to affiliates is a Level III valuation and was valued based on a discounted cash-flow

analysis. The carrying value of amounts due from affiliates approximated fair value due to their short-term nature or because their weighted average interest rate approximated the Company’s cost of debt.


	As of
	March 31, 2020		December 31, 2019
Due from affiliates:
Loans	$	2,596	$	2,596
Amounts due from unconsolidated funds	5,910		2,415
Management fees and incentive income due from unconsolidated funds	39,404		88,043
Payments made on behalf of unconsolidated entities	760		71,051
Non-interest bearing advances made to certain non-controlling interest holders and employees	413		84
Total due from affiliates	$	49,083	$	164,189
Due to affiliates:

Amounts due to unconsolidated entities	62,032		86,575
Amounts due to senior executives, certain non-controlling interest holders and employees	—		488
Total due to affiliates	$	62,032	$	87,063