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REAL ESTATE EQUITY SECURITIES
 3 Months Ended
Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]  
REAL ESTATE EQUITY SECURITIES REAL ESTATE EQUITY SECURITIES
As of March 31, 2020, the Company owned three investments in real estate equity securities. The following table sets forth the number of shares owned by the Company and the related carrying value of the shares as of March 31, 2020 and December 31, 2019 (dollars in thousands):
March 31, 2020December 31, 2019
Real Estate Equity SecurityNumber of Shares OwnedTotal Carrying ValueNumber of Shares OwnedTotal Carrying Value
Keppel Pacific Oak US REIT64,165,352  $32,403  64,165,352  $50,049  
Franklin Street Properties Corp.4,410,824  25,274  2,773,729  23,743  
Plymouth Industrial REIT, Inc.568,723  6,347  415,841  7,647  
69,144,899  $64,024  67,354,922  $81,439  

During the three months ended March 31, 2020, the Company purchased 568,723 shares of common stock of Plymouth Industrial REIT, Inc. (NYSE Ticker: PLYM) for an aggregate purchase price of $6.9 million and also purchased 1,637,095 shares of Franklin Street Properties Corp., (NYSE Ticker: FSP) for an aggregate purchase price of $10.0 million. During the three months ended March 31, 2020, the Company sold 415,841 shares of common stock of Plymouth Industrial REIT for an aggregate sale price of $7.9 million.
The following summarizes the portion of gain and loss for the period related to real estate equity securities held during the three months ended March 31, 2020 and 2019 (in thousands):
Three Months Ended March 31,
20202019
Net (loss) gain recognized during the period on real estate equity securities$(26,454) $11,165  
Less net gain recognized during the period on real estate equity securities sold during the period(364) (3,397) 
Unrealized (loss) gain recognized during the reporting period on real estate equity securities held at the end of the period$(26,818) $7,768  

During the three months ended March 31, 2020 and 2019, the Company recognized $1.1 million and $1.8 million, respectively, of dividend income from real estate equity securities.