Loan Participations Payable, net (Tables)

3 Months Ended

Mar. 31, 2017

Loan Participations Payable [Abstract]

Schedule of Participating Mortgage Loans

The Company's loan participations payable, net were as follows ($ in thousands):

	Carrying Value as of
	March 31, 2017			December 31, 2016
Loan participations payable(1)	$	182,853		$	160,251
Debt discounts and deferred financing costs, net	(766		)	(930		)
Total loan participations payable, net	$	182,087		$	159,321

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(1) As of March 31, 2017, the Company had three loan participations payable with a weighted average interest rate of 5.2%. As of December 31, 2016, the Company had three loan participations payable with a weighted average interest rate of 4.8%.