Acquisitions (Tables)

6 Months Ended

Jun. 30, 2017

Summary of assets acquired and liabilities assumed

The following table summarizes the identified assets acquired and liabilities assumed as of the acquisition date (amounts in thousands):

	2017
	REO
Assets acquired:	Portfolio
Properties	$	18,301
Intangible assets		1,917
Other assets		1
Total assets acquired		20,219
Liabilities assumed:
Accounts payable, accrued expenses and other liabilities		567
Total liabilities assumed		567
Net assets acquired	$	19,652

REO Portfolio

Schedule of measurement period adjustments

The following table summarizes the measurement period adjustment applied to the initial provisional acquisition date balance sheet (amounts in thousands):

	2016 Acquisition Adjustment
			Measurement
	Initial		Period		Adjusted
Assets acquired:	Amounts		Adjustment		Amounts
Properties	$	12,087	$	660	$	12,747
Intangible assets		4,270		(802)		3,468
Other assets		97		—		97
Total assets acquired		16,454		(142)		16,312
Liabilities assumed:
Accounts payable, accrued expenses and other liabilities		1,539		(142)		1,397
Total liabilities assumed		1,539		(142)		1,397
Non-controlling interests		3,084		—		3,084
Net assets acquired	$	11,831	$	—	$	11,831