REAL ESTATE EQUITY SECURITIES (Tables)

3 Months Ended

Mar. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Schedule of Real Estate Equity Securities

The following table sets forth the number of shares owned by the Company and the related carrying value of the shares as of March 31, 2019 and December 31, 2018 (dollars in thousands):

	March 31, 2019			December 31, 2018
Real Estate Equity Security	Number of Shares Owned	Total Carrying Value		Number of Shares Owned	Total Carrying Value
Whitestone REIT	95,160	$	1,144	1,781,894	$	21,846
Keppel-KBS US REIT	56,979,352	39,886		56,979,352	34,757
Franklin Street Properties Corp.	2,773,729	19,943		2,772,529	17,273
	59,848,241	$	60,973	61,533,775	$	73,876

Gain (Loss) on Investments

The following summarizes the portion of gain and loss for the period related to real estate equity securities held during the three months ended March 31, 2019 and 2018 (in thousands): 

	Three Months Ended March 31,
	2019			2018
Net gain (loss) recognized during the period on real estate equity securities	$	11,165		$	(16,011	)
Less net gain recognized during the period on real estate equity securities sold during the period	(3,397		)	—
Unrealized gain (loss) recognized during the reporting period on real estate equity securities still held at the end of the period	$	7,768		$	(16,011	)