REAL ESTATE EQUITY SECURITIES

12 Months Ended

Dec. 31, 2020

Investments, Debt and Equity Securities [Abstract]

As of December 31, 2020, the Company owned three investments in 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 December 31, 2020 and December 31, 2019 (dollars in thousands):


	December 31, 2020			December 31, 2019
Real Estate Equity Security	Number of Shares Owned	Total Carrying Value		Number of Shares Owned	Total Carrying Value
Keppel Pacific Oak US REIT	64,165,352	$	44,274	64,165,352	$	50,049
Franklin Street Properties Corp.	6,915,089	30,219		2,773,729	23,743
Plymouth Industrial REIT, Inc.	1,560,660	23,410		415,841	7,647
	72,641,101	$	97,903	67,354,922	$	81,439

The following summarizes the portion of gain and loss for the period related to real estate equity securities held during the years ended December 31, 2020 and 2019 (in thousands):


	For the Years Ended December 31,
	2020		2019
Net (loss) gain recognized during the period on real estate equity securities	$	(14,814)	$	20,379
Less: Net gain recognized during the period on real estate equity securities sold during the period	711		4,158
Unrealized (loss) gain recognized during the reporting period on real estate equity securities still held at period end	$	(15,525)	$	16,221

During the years ended December 31, 2020, 2019 and 2018, the Company recognized $5.3 million, $5.8 million and $6.0 million, respectively, of dividend income from real estate equity securities.