INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Tables)

3 Months Ended

Mar. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

Summary of the Company's investments in unconsolidated joint ventures, which the entity accounts for using the equity method

The following is a summary of the Company’s investments in unconsolidated joint ventures, which we account for using the equity method, as of March 31, 2017 and December 31, 2016 ($ in thousands):

Entity	March 31, 2017		December 31, 2016
Ladder Capital Realty Income Partnership I LP	$	—	$	—
Grace Lake JV, LLC	3,958		3,719
24 Second Avenue Holdings LLC	30,227		30,306
Investment in unconsolidated joint ventures	$	34,185	$	34,025

Summary of the Company's allocated earnings based on its ownership interests from investment in unconsolidated joint ventures

The following is a summary of the Company’s allocated earnings (losses) based on its ownership interests from investment in unconsolidated joint ventures for the three months ended March 31, 2017 and 2016 ($ in thousands):

	Three Months Ended March 31,
Entity	2017			2016
Ladder Capital Realty Income Partnership I LP	$	—		$	892
Grace Lake JV, LLC	238			225
24 Second Avenue Holdings LLC	(312		)	(323		)
Earnings (loss) from investment in unconsolidated joint ventures	$	(74	)	$	794

Summary of the combined results from operations of the unconsolidated joint ventures for the period in which the Company had investment interests

The following is a summary of the combined financial position of the unconsolidated joint ventures in which the Company had investment interests as of March 31, 2017 and December 31, 2016 ($ in thousands):

	March 31, 2017		December 31, 2016
Total assets	$	140,905	$	138,298
Total liabilities	97,068		94,964
Partners’/members’ capital	$	43,837	$	43,334

The following is a summary of the combined results from operations of the unconsolidated joint ventures for the period in which the Company had investment interests during the three months ended March 31, 2017 and 2016 ($ in thousands):

	Three Months Ended March 31,
	2017			2016
Total revenues	$	3,791		$	4,237
Total expenses	5,798			4,416
Net income (loss)	$	(2,007	)	$	(179	)