Investment Securities, at Fair Value (Tables)

6 Months Ended

Jun. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

The following tables detail the unrealized gains and losses on investment securities as of June 30, 2014 and December 31, 2013 (in thousands):

	June 30, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Investments in real estate fund	$	1,621	$	270	$	—		$	1,891
CMBS		208,584		8,775		(46	)		217,313
Total	$	210,205	$	9,045	$	(46	)	$	219,204

	December 31, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Investments in real estate fund	$	1,589	$	—	$	(105	)	$	1,484
CMBS		60,452		498		(367	)		60,583
Total	$	62,041	$	498	$	(472	)	$	62,067

Available-for-Sale Securities

The scheduled maturity of the Company’s CMBS as of June 30, 2014 is as follows (in thousands):

	June 30, 2014
	Amortized Cost		Fair Value
Due within one year	$	—	$	—
Due after one year through five years		1,202		1,237
Due after five years through 10 years		178,922		186,042
Due after 10 years		28,460		30,034
	$	208,584	$	217,313