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REAL ESTATE EQUITY SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]  
Schedule of 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 September 30, 2020 and December 31, 2019 (dollars in thousands):
September 30, 2020December 31, 2019
Real Estate Equity SecurityNumber of Shares OwnedTotal Carrying ValueNumber of Shares OwnedTotal Carrying Value
Keppel Pacific Oak US REIT64,165,352 $46,520 64,165,352 $50,049 
Franklin Street Properties Corp.5,211,021 19,072 2,773,729 23,743 
Plymouth Industrial REIT, Inc.1,521,276 18,773 415,841 7,647 
70,897,649 $84,365 67,354,922 $81,439 
Gain (Loss) on Investments
The following summarizes the portion of gain and loss for the period related to real estate equity securities held during the three and nine months ended September 30, 2020 and 2019 (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Net (loss) gain recognized during the period on real estate equity securities$(6,527)$3,845 $(21,620)$19,304 
Less net gain recognized during the period on real estate equity securities sold during the period— — (711)(3,397)
Unrealized (loss) gain recognized during the reporting period on real estate equity securities held at the end of the period$(6,527)$3,845 $(22,331)$15,907