Variable Interest Entities ("VIEs")

6 Months Ended

Jun. 30, 2015

Variable Interest Entities [Abstract]

8.	Variable Interest Entities (“VIEs”)

As of June 30, 2015 and December 31, 2014, we held variable interests in PGRESS-A, PGRESS-H, Residential Fund Feeder and Fund VII-H, which were determined to be VIEs. We are required to consolidate our interests in these entities because we are deemed to be the primary beneficiary and have the power to direct the activities of the entity that most significantly affect economic performance and the obligation to absorb losses and right to receive benefits that could potentially be significant to the entity. The table below summarizes the assets and liabilities of these entities. The liabilities are secured only by the assets of the entities, and are non-recourse to us.

	Balance as of
(Amounts in thousands)	June 30, 2015		December 31, 2014
Investments, at fair value	$	18,318	$	17,136
Investments, at cost		63,570		63,550
Cash and restricted cash		4,959		4,976
Accounts and other receivables		501		-
Other assets		1		-
Total VIE assets	$	87,349	$	85,662

Loans payable to noncontrolling interests	$	43,981	$	42,195
Other liabilities		202		131
Total VIE liabilities	$	44,183	$	42,326