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Fair Value Hierarchy for Financial Instruments Not Fair Valued but For Which Fair Value Is Required To Be Disclosed (Detail) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2017
Dec. 31, 2016
Fair Value Measurement Inputs Disclosure [Line Items]    
Total investment in mortgages and loans, net $ 1,244,191 $ 1,280,285
Indebtedness 1,588,067 1,751,082
Junior subordinated notes $ 12,524 $ 11,822
Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Valuation Technique Discounted cash flows Discounted cash flows
Junior subordinated notes $ 12,524 [1] $ 11,822 [2]
CMBS securitizations | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Valuation Technique Discounted cash flows Discounted cash flows
7.0% convertible senior notes | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Valuation Technique Trading price Trading price
4.0% convertible senior notes | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Valuation Technique Trading price Trading price
7.625% senior notes due 2024 | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Valuation Technique Trading price Trading price
7.125% Senior Notes due 2019 | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Valuation Technique Trading price Trading price
Senior Secured Notes | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Valuation Technique Discounted cash flows Discounted cash flows
Junior subordinated notes, at amortized cost | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Valuation Technique Discounted cash flows Discounted cash flows
CDO notes payable, at amortized cost | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Valuation Technique Discounted cash flows Discounted cash flows
Loans payable on real estate | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Valuation Technique Discounted cash flows Discounted cash flows
Other indebtedness    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness $ 40,880 [3] $ 23,915 [4]
Other indebtedness | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Valuation Technique Discounted cash flows Discounted cash flows
Carrying Amount    
Fair Value Measurement Inputs Disclosure [Line Items]    
Total investment in mortgages and loans, net $ 1,244,191 $ 1,280,285
Total investment in mortgages and loans, net fair value 1,244,191 1,280,285
Carrying Amount | CMBS securitizations    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness 713,263 641,077
Carrying Amount | 7.0% convertible senior notes    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness 832 831
Carrying Amount | 4.0% convertible senior notes    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness 121,065 120,271
Carrying Amount | 7.625% senior notes due 2024    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness 55,687 55,568
Carrying Amount | 7.125% Senior Notes due 2019    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness 69,477 69,188
Carrying Amount | Senior Secured Notes    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness 14,355 58,233
Carrying Amount | Junior subordinated notes, at amortized cost    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness 25,100 25,100
Carrying Amount | CDO notes payable, at amortized cost    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness 370,379 534,501
Carrying Amount | Loans payable on real estate    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness 134,687 185,668
Carrying Amount | Other indebtedness    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness 40,880 23,915
Estimated Fair Value    
Fair Value Measurement Inputs Disclosure [Line Items]    
Total investment in mortgages and loans, net fair value 1,192,723 1,256,342
Estimated Fair Value | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Total investment in mortgages and loans, net fair value 1,192,723 1,256,342
Estimated Fair Value | CMBS securitizations | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Notes payable 721,456 646,642
Estimated Fair Value | 7.0% convertible senior notes | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Convertible senior notes 590 890
Estimated Fair Value | 4.0% convertible senior notes | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Convertible senior notes 119,680 116,861
Estimated Fair Value | 7.625% senior notes due 2024 | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness, Estimated Fair Value 55,018 53,231
Estimated Fair Value | 7.125% Senior Notes due 2019 | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness, Estimated Fair Value 70,420 69,118
Estimated Fair Value | Senior Secured Notes | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness, Estimated Fair Value 15,783 62,620
Estimated Fair Value | Junior subordinated notes, at amortized cost | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Junior subordinated notes 13,995 13,099
Estimated Fair Value | CDO notes payable, at amortized cost | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Notes payable 329,004 477,032
Estimated Fair Value | Loans payable on real estate | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Loans payable on real estate 137,583 188,525
Estimated Fair Value | Other indebtedness | Significant Unobservable Inputs (Level 3)    
Fair Value Measurement Inputs Disclosure [Line Items]    
Indebtedness, Estimated Fair Value $ 40,830 $ 24,321
[1] During the six months ended June 30, 2017, there were no transfers between Level 1 and Level 2, and there were no transfers into and/or out of Level 3.
[2] During the year ended December 31, 2016, there were no transfers between Level 1 and Level 2, and there were no transfers into and/or out of Level 3.
[3] Represents two 40% interests issued to an unaffiliated third party in two ventures to which we contributed the junior notes and equity of two floating rate securitizations. Together these ventures are referred to as the RAIT Venture VIEs. The first of these ventures, the 2016 RAIT Venture VIE, was formed in 2016. The second, the 2017 RAIT Venture VIE, was formed in 2017. We retained a 60% interest in these ventures, and, as a result of our controlling financial interest, we consolidated the ventures. We received approximately $41,689 of proceeds as a result of issuing these 40% interests, which have an unpaid principal balance of $40,830. These 40% interests have no stated maturity date and do not provide for mandatory redemption or any required return or interest payment. These interests of the ventures allocate the distributions on such junior notes and equity when made between the parties to the ventures.
[4] Represents a 40% interest issued to an unaffiliated third party in a venture to which we contributed the junior notes and equity of a floating rate securitization. This venture is referred to as the 2016 RAIT Venture VIE. We retained a 60% interest in this venture, and, as a result of our controlling financial interest, we consolidated the venture. We received approximately $24,796 of proceeds as a result of issuing this 40% interest, which has an unpaid principal balance of $24,321. This 40% interest has no stated maturity date and does not provide for its mandatory redemption or any required return or interest payment. The venture interests allocate the distributions on such junior notes and equity when made between the parties to the venture.