Investment in Unconsolidated Entities

3 Months Ended

Mar. 31, 2016

Investment in Unconsolidated Entities

7. Investment in Unconsolidated Entities

The below table summarizes our investments in unconsolidated entities as of March 31, 2016 and December 31, 2015 (dollar amounts in thousands):


	Participation /	Carrying value as of
	Ownership % (1)	March 31, 2016		December 31, 2015
Equity method:
Retail Fund	33%	$	121,297	$	122,454
Investor entity which owns equity in an online real estate auction company	50%		23,982		23,972
Equity interests in commercial real estate	16% - 43%		28,106		28,230
Various	25% - 50%		5,996		6,376
			179,381		181,032
Cost method:
Investment funds which own equity in a loan servicer and other real estate assets	4% - 6%		9,225		9,225
Various	0% - 3%		8,031		8,944
			17,256		18,169
		$	196,637	$	199,201

(1)

None of these investments are publicly traded and therefore quoted market prices are not available.

There were no differences between the carrying value of our equity method investments and the underlying equity in the net assets of the investees as of March 31, 2016.