REAL ESTATE EQUITY SECURITIES (Tables)

9 Months Ended

Sep. 30, 2017

Investments, Debt and Equity Securities [Abstract]

Schedule of Activity of Real Estate Securities

The following summarizes the activity related to real estate equity securities for the nine months ended September 30, 2017 (in thousands): 

	Amortized Cost Basis		Unrealized Gains		Total
Real estate equity securities - December 31, 2016	$	—	$	—	$	—
Purchase of real estate equity securities	42,845		—		42,845
Acquisition fee to affiliate and purchase commission	463		—		463
Unrealized change in market value of real estate equity securities	—		3,714		3,714
Real estate equity securities - September 30, 2017	$	43,308	$	3,714	$	47,022