Investment in Unconsolidated Entities

3 Months Ended

Mar. 31, 2017

Investment in Unconsolidated Entities

Investment in Unconsolidated Entities

7. Investment in Unconsolidated Entities

The table below summarizes our investments in unconsolidated entities as of March 31, 2017 and December 31, 2016 (dollars in thousands):

	Participation /	Carrying value as of
	Ownership % (1)	March 31, 2017		December 31, 2016
Equity method:
Retail Fund	33%	$	125,307	$	124,977
Investor entity which owns equity in an online real estate company	50%		21,566		21,677
Equity interests in commercial real estate	16% - 50%		23,301		23,297
Various	25% - 50%		6,762		6,640
			176,936		176,591
Cost method:
Equity interest in a servicing and advisory business	6%		12,234		12,234
Investment funds which own equity in a loan servicer and other real estate assets	4% - 6%		9,225		9,225
Various	2% - 3%		3,428		6,555
			24,887		28,014
		$	201,823	$	204,605

(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, 2017.