2.4.0.83110 - Disclosure - Fair Value (Tables)truefalsefalse1false falsefalseD2013Q2YTDhttp://www.sec.gov/CIK0001455650duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_FairValueDisclosuresAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Fair Value2false 2us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div style="font-size:10.0pt;font-family:Times New Roman;"> The following table presents financial assets that were accounted for at fair value on a recurring basis as of June 30, 2013 and December 31, 2012 by level within the fair value hierarchy (dollars in thousands): <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 54%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;">   <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="150%" style="text-align:left;"> <tr style="padding:0;"> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="39"></td> <td style="FONT-FAMILY: times;" width="15"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="36"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="36"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="45"></td> <td style="FONT-FAMILY: times;" width="12"></td></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left">  </th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="11" align="center">June 30, 2013</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="11" align="center">December 31, 2012</th> <th style="FONT-FAMILY: times;"> </th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left">  </th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Level 1</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Level 2</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Level 3</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Total</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Level 1</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Level 2</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Level 3</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Total</th> <th style="FONT-FAMILY: times;"> </th></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> Asset type:</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> Investments in private equity funds</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">7,500</td> <td style="FONT-FAMILY: times;">(1)</td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">—</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">111,093</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">118,593</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">—</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">—</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">—</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">—</td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> Real estate securities, available for sale</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">—</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">55,289</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">—</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">55,289</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">—</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">29,582</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">—</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">29,582</td> <td style="FONT-FAMILY: times;"> </td></tr></table></div>  <hr style="COLOR: #000000;" align="left" size="1" width="26%" noshade="noshade" /></div> <div style="POSITION: relative; TEXT-ALIGN: left; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;">(1)</dt> <dd style="FONT-FAMILY: times;">Represents the Company's deposit related to PE Investment II (refer to Note 4).</dd></dl></div> </div>falsefalsefalsenonnum:textBlockItemTypenaTabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 false0Schedule of financial assets accounted for at fair value on a recurring basis by level within the fair value hierarchy3false 2us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div style="font-size:10.0pt;font-family:Times New Roman;"> The following table presents additional information about financial assets which are measured at fair value on a recurring basis as of June 30, 2013 for which the Company has utilized Level 3 inputs to determine fair value (dollars in thousands): <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;">   <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="98"></td> <td style="FONT-FAMILY: times;" width="12"></td></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left">  </th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Investments in Private Equity Funds</th> <th style="FONT-FAMILY: times;"> </th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> Beginning balance</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times;" valign="bottom" align="right">—</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> Purchases/contributions</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right">125,534</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> Distributions</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right">(23,664</td> <td style="FONT-FAMILY: times;" valign="bottom">)</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> Equity in earnings</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right">9,223</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> Unrealized gains (losses)</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right">—</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top"> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> Ending balance</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times;" valign="bottom" align="right">111,093</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top"> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div> </div> </div>falsefalsefalsenonnum:textBlockItemTypenaTabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 false0Table presents additional information about financial assets which are measured at fair value on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value4false 2us-gaap_FairValueByBalanceSheetGroupingTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div style="font-size:10.0pt;font-family:Times New Roman;"> The following table presents the principal amount, carrying value and fair value of certain financial assets and liabilities as of June 30, 2013 and December 31, 2012 (dollars in thousands): <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 62%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;">   <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="130%" style="text-align:left;"> <tr style="padding:0;"> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="15"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left">  </th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="8" align="center">June 30, 2013</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="8" align="center">December 31, 2012</th> <th style="FONT-FAMILY: times;"> </th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left">  </th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Principal Amount</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Carrying Value</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Fair Value</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Principal Amount</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Carrying Value</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Fair Value</th> <th style="FONT-FAMILY: times;"> </th></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> Financial assets:(1)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> Real estate debt investments, net</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">924,089</td> <td style="FONT-FAMILY: times;">(2)</td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">925,896</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">924,089</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">513,833</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">514,058</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">513,833</td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> Real estate securities, available for sale(3)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">104,542</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">55,289</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">55,289</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">30,575</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">29,582</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">29,582</td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> Financial liabilities:(1)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> Securitization bonds payable</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">124,659</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">124,610</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">124,850</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">124,659</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">124,491</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">124,862</td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> Credit facilities</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">225,871</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">225,871</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">225,871</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">126,321</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">126,321</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">126,321</td> <td style="FONT-FAMILY: times;"> </td></tr></table></div>  <hr style="COLOR: #000000;" align="left" size="1" width="26%" noshade="noshade" /></div> <div style="POSITION: relative; TEXT-ALIGN: left; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;">(1)</dt> <dd style="FONT-FAMILY: times;">The fair value of other financial instruments not included in this table is estimated to approximate their carrying amounts. </dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;">(2)</dt> <dd style="FONT-FAMILY: times;">Excludes future funding commitments of $21.8 million. </dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;">(3)</dt> <dd style="FONT-FAMILY: times;">Refer to the "Determination of Fair Value" above for a discussion of 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