Investment in Unconsolidated Entities (Tables)

3 Months Ended

Mar. 31, 2017

Investment in Unconsolidated Entities

Summary of investments in unconsolidated entities

	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.