Investment Securities, at Fair Value (Tables)

3 Months Ended

Mar. 31, 2014

Investments, All Other Investments [Abstract]

Schedule of Available-for-sale Securities Reconciliation

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

	March 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Investments in real estate fund	$	1,605	$	43	$	—		$	1,648
CMBS	209,076		3,546		(467		)	212,155
Total	$	210,681	$	3,589	$	(467	)	$	213,803

	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 March 31, 2014 is as follows (in thousands):

	March 31, 2014
	Amortized Cost		Fair Value
Due within one year	$	—	$	—
Due after one year through five years	1,325		1,348
Due after five years through ten years	178,885		181,055
Due after ten years	28,866		29,752
	$	209,076	$	212,155