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Investment in Marketable Securities
12 Months Ended
Dec. 31, 2018
Investments, All Other Investments [Abstract]  
Investment in Marketable Securities
Investment in Marketable Securities
The Company sold substantially all remaining marketable securities during the year ended December 31, 2018. Investment in marketable securities of $4,758 at December 31, 2017 consisted primarily of preferred and common stock investments in other REITs and certain real estate related bonds which are classified as available-for-sale securities and recorded at fair value. The cost basis, net of impairments of available-for-sale securities, was $4,482 at December 31, 2017.
Prior to the adoption of ASU No. 2016-01 on January 1, 2018, changes in the fair value of the Company's marketable securities, representing unrealized holding gains and losses on available-for-sale securities, were reported as a separate component of comprehensive income until realized. As of December 31, 2017 and 2016, the Company reported net accumulated comprehensive income related to its marketable securities of $275 and $58,572, respectively, which includes gross unrealized losses of $72 and $598, respectively. Securities with gross unrealized losses have a related fair value of $3,276 as of December 31, 2017.
During the year ended December 31, 2016, an other-than-temporary impairment to available-for-sale securities of $1,327 was recorded on one security which is included as a component of realized and unrealized investment gains and (impairment), net on the consolidated statements of operations and comprehensive income. During the year ended December 31, 2017 the Company recorded no impairment on available-for-sale securities.
Dividend income is recognized when received. During the years ended December 31, 2018, 2017 and 2016, dividend income from marketable securities of $181, $2,857 and $10,490, respectively, was recognized and is included as a part of continuing operations in interest and dividend income on the consolidated statements of operations and comprehensive income.