Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2016

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

Schedule III-Real Estate and Accumulated Depreciation

Ladder Capital Corp

December 31, 2016

($ in thousands)

			Initial Cost to Company						Costs Capitalized Subsequent to Acquisition		Gross Amount at which Carried at Close of Period								Accumulated Depreciation and Amortization			Date Acquired	Year Built	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances		Land		Building		Intangibles				Land		Building		Intangibles		Total
Real Estate:
Retail Property in Springfield, IL	$	—	$	391	$	784	$	147	$	—	$	391	$	784	$	231	$	1,406	$	(4	)	11/16/16	2016	15-40yrs
Retail Property in Fayetteville, NC	—		1,379		3,121		2,471		—		1,379		3,121		2,471		6,971		(30		)	11/15/16	2008	12-37yrs
Retail Property in Dryden Township, MI	—		177		893		120		—		177		893		209		1,279		(6		)	10/26/16	2016	15-40yrs
Retail Property in Lamar, MO	—		164		903		109		—		164		903		171		1,238		(14		)	07/22/16	2016	15-40yrs
Retail Property in Union, MO	—		267		867		93		—		267		867		207		1,341		(17		)	07/01/16	2016	15-40yrs
Retail Property in Pawnee, IL	—		249		775		177		—		249		775		205		1,229		(15		)	07/01/16	2016	15-40yrs
Retail Property in Linn, MO	—		89		920		113		—		89		920		182		1,191		(16		)	06/30/16	2016	15-40yrs
Retail Property in Cape Girardeau, MO	1,016		453		702		126		—		453		702		217		1,372		(14		)	06/30/16	2016	15-40yrs
Retail Property in Decatur-Pershing, IL	—		395		923		47		—		395		923		155		1,473		(16		)	06/30/16	2016	15-40yrs
Retail Property in Rantoul, IL	—		100		1,023		81		—		100		1,023		178		1,301		(18		)	06/21/16	2016	15-40yrs
Retail Property in Flora Vista, NM	—		272		864		169		—		272		864		198		1,334		(22		)	06/06/16	2016	15-35yrs
Retail Property in Mountain Grove, MO	—		163		1,026		90		—		163		1,026		212		1,401		(21		)	06/03/16	2016	15-40yrs
Retail Property in Decatur-Sunnyside, IL	945		182		954		45		—		182		954		138		1,274		(17		)	06/03/16	2016	15-40yrs
Retail Property in Champaign, IL	—		365		915		44		—		365		915		150		1,430		(18		)	06/03/16	2016	15-40yrs
Retail Property in San Antonio, TX	886		252		703		141		—		252		703		196		1,151		(20		)	05/06/16	2015	15-35yrs
Retail Property in Borger, TX	782		68		800		110		—		68		800		180		1,048		(20		)	05/06/16	2016	15-40yrs

		Initial Cost to Company			Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period				Accumulated Depreciation and Amortization		Date Acquired	Year Built	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances	Land	Building	Intangibles		Land	Building	Intangibles	Total
Retail Property in Dimmitt, TX	1,045	86	1,077	156	—	86	1,077	236	1,399	(27	)	04/26/16	2016	15-40yrs
Retail Property in St. Charles, MN	959	200	843	155	—	200	843	226	1,269	(27	)	04/26/16	2016	15-30yrs
Retail Property in Philo, IL	922	160	889	107	—	160	889	188	1,237	(20	)	04/26/16	2016	15-40yrs
Retail Property in Radford, VA	1,139	411	896	257	—	411	896	257	1,564	(43	)	12/23/15	2015	15-40yrs
Retail Property in Rural Retreat, VA	1,049	328	811	260	—	328	811	260	1,399	(37	)	12/23/15	2015	15-40yrs
Retail Property in Albion, PA	1,137	100	1,033	392	—	100	1,033	392	1,525	(63	)	12/23/15	2015	14-50yrs
Retail Property in Mount Vernon, AL	954	187	876	161	—	187	876	174	1,237	(36	)	12/23/15	2015	14-44yrs
Retail Property in Malone, NY	1,089	183	1,154	137	—	183	1,154	137	1,474	(42	)	12/16/15	2015	14-39yrs
Retail Property in Mercedes, TX	840	257	874	132	—	257	874	132	1,263	(30	)	12/16/15	2015	15-45yrs
Retail Property in Gordonville, MO	775	247	787	173	—	247	787	173	1,207	(33	)	11/10/15	2015	15-40yrs
Retail Property in Rice, MN	821	199	859	184	—	199	859	184	1,242	(49	)	10/28/15	2015	15-30yrs
Retail Property in Bixby, OK	7,993	2,610	7,776	1,765	—	2,610	7,776	1,765	12,151	(342	)	10/27/15	2012	12-37yrs
Retail Property in Farmington, IL	900	96	1,161	150	—	96	1,161	150	1,407	(44	)	10/23/15	2015	15-40yrs
Retail Property in Grove, OK	3,643	402	4,364	817	—	402	4,364	817	5,583	(204	)	10/20/15	2012	12-37yrs
Retail Property in Jenks, OK	8,845	2,617	8,695	2,107	—	2,617	8,695	2,107	13,419	(412	)	10/19/15	2009	9-38yrs
Retail Property in Bloomington, IL	821	173	984	137	—	173	984	137	1,294	(40	)	10/14/15	2015	15-40yrs
Retail Property in Montrose, MN	789	149	876	169	—	149	876	169	1,194	(51	)	10/14/15	2015	15-30yrs
Retail Property in Lincoln County , MO	742	149	800	188	—	149	800	188	1,137	(35	)	10/14/15	2015	15-40yrs
Retail Property in Wilmington, IL	907	160	1,078	160	—	160	1,078	160	1,398	(44	)	10/07/15	2015	15-40yrs
Retail Property in Danville, IL	742	158	870	133	—	158	870	133	1,161	(34	)	10/07/15	2015	15-40yrs

		Initial Cost to Company			Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period				Accumulated Depreciation and Amortization		Date Acquired	Year Built	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances	Land	Building	Intangibles		Land	Building	Intangibles	Total
Retail Property in Moultrie, GA	934	170	962	173	—	170	962	173	1,305	(56	)	09/22/15	2014	14-44yrs
Retail Property in Rose Hill, NC	1,004	245	973	203	—	245	973	203	1,421	(55	)	09/22/15	2014	14-44yrs
Retail Property in Rockingham, NC	825	73	922	163	—	73	922	163	1,158	(49	)	09/22/15	2014	14-44yrs
Retail Property in Biscoe, NC	863	147	905	165	—	147	905	165	1,217	(50	)	09/22/15	2014	14-44yrs
Retail Property in De Soto, IA	707	139	795	176	—	139	795	176	1,110	(40	)	09/08/15	2015	15-35yrs
Retail Property in Kerrville, TX	769	186	849	200	—	186	849	200	1,235	(51	)	08/28/15	2015	15-35yrs
Retail Property in Floresville, TX	815	268	828	216	—	268	828	216	1,312	(52	)	08/28/15	2015	15-35yrs
Retail Property in Minot, ND	4,703	1,856	4,472	618	—	1,856	4,472	618	6,946	(207	)	08/19/15	2012	13-38yrs
Retail Property in Lebanon, MO	821	359	724	178	—	359	724	178	1,261	(37	)	08/14/15	2015	15-40yrs
Retail Property in Effingham County, IL	821	273	773	205	—	273	773	205	1,251	(43	)	08/10/15	2015	15-40yrs
Retail Property in Ponce, Puerto Rico	6,528	1,365	6,662	1,318	—	1,365	6,662	1,318	9,345	(322	)	08/03/15	2012	12-37yrs
Retail Property in Tremont, IL	792	165	860	168	—	165	860	168	1,193	(50	)	06/25/15	2015	15-35yrs
Retail Property in Pleasanton, TX	869	312	850	216	—	312	850	216	1,378	(58	)	06/24/15	2015	15-35yrs
Retail Property in Peoria, IL	859	180	934	179	—	180	934	179	1,293	(54	)	06/24/15	2015	15-35yrs
Retail Property in Bridgeport, IL	825	192	874	175	—	192	874	175	1,241	(50	)	06/24/15	2015	15-35yrs
Retail Property in Warren, MN	697	108	825	156	—	108	825	156	1,089	(57	)	06/24/15	2015	15-30yrs
Retail Property in Canyon Lake, TX	911	291	932	221	—	291	932	221	1,444	(61	)	06/18/15	2015	15-35yrs
Retail Property in Wheeler, TX	720	53	887	188	—	53	887	188	1,128	(57	)	06/18/15	2015	15-35yrs
Retail Property in Aurora, MN	631	126	709	157	—	126	709	157	992	(41	)	06/18/15	2015	15-40yrs
Retail Property in Red Oak, IA	778	190	839	179	—	190	839	179	1,208	(63	)	05/07/15	2014	15-35yrs

		Initial Cost to Company			Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period				Accumulated Depreciation and Amortization		Date Acquired	Year Built	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances	Land	Building	Intangibles		Land	Building	Intangibles	Total
Retail Property in Zapata, TX	746	62	998	144	—	62	998	144	1,204	(78	)	05/07/15	2015	15-35yrs
Retail Property in St. Francis, MN	732	105	911	164	—	105	911	164	1,180	(81	)	03/26/15	2014	15-35yrs
Retail Property in Yorktown, TX	784	97	1,005	199	—	97	1,005	199	1,301	(87	)	03/25/15	2015	15-35yrs
Retail Property in Battle Lake, MN	719	136	875	157	—	136	875	157	1,168	(84	)	03/25/15	2014	15-30yrs
Retail Property in Paynesville, MN	803	246	815	192	—	246	815	192	1,253	(71	)	03/05/15	2015	15-40yrs
Retail Property in Wheaton, MO	653	73	800	97	—	73	800	97	970	(61	)	03/05/15	2015	15-40yrs
Retail Property in Rotterdam, NY	8,890	2,530	7,924	2,165	—	2,530	7,924	2,165	12,619	(1,160	)	03/03/15	1996	8-20yrs
Retail Property in Hilliard, OH	4,593	654	4,870	860	—	654	4,870	860	6,384	(332	)	03/02/15	2007	12-41yrs
Retail Property in Niles, OH	3,732	437	4,084	679	—	437	4,084	679	5,200	(276	)	03/02/15	2007	12-41yrs
Retail Property in Youngstown, OH	3,844	380	4,363	657	—	380	4,363	657	5,400	(305	)	02/20/15	2005	12-40yrs
Retail Property in Kings Mountain, NC	18,731	1,368	19,533	3,267	5,834	1,368	24,383	3,267	29,018	(1,953	)	01/29/15	1995	10-35yrs
Retail Property in Iberia, MO	899	130	1,033	165	—	130	1,033	165	1,328	(84	)	01/23/15	2015	14-39yrs
Retail Property in Pine Island, MN	773	112	845	185	—	112	845	185	1,142	(81	)	01/23/15	2014	15-40yrs
Retail Property in Isle, MN	727	120	787	171	—	120	787	171	1,078	(78	)	01/23/15	2014	15-40yrs
Retail Property in Jacksonville, NC	5,705	1,863	5,749	1,019	—	1,863	5,749	1,019	8,631	(442	)	01/22/15	2014	15-44yrs
Retail Property in Evansville, IN	6,456	1,788	6,348	864	—	1,788	6,348	864	9,000	(547	)	11/26/14	2014	15-35yrs
Retail Property in Woodland Park, CO	2,810	668	2,681	620	—	668	2,681	620	3,969	(295	)	11/14/14	2014	15-35yrs
Retail Property in Bellport, NY	12,874	3,601	12,465	2,034	—	3,601	12,465	2,034	18,100	(1,152	)	11/13/14	2014	15-35yrs
Retail Property in Ankeny, IA	11,743	3,180	10,513	2,817	—	3,180	10,513	2,843	16,536	(1,023	)	11/04/14	2013	14-39yrs
Retail Property in Springfield, MO	8,392	3,658	6,296	1,721	—	3,658	6,296	1,870	11,824	(668	)	11/04/14	2011	12-37yrs

		Initial Cost to Company				Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period				Accumulated Depreciation and Amortization		Date Acquired	Year Built	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances	Land	Building	Intangibles			Land	Building	Intangibles	Total
Retail Property in Cedar Rapids, IA	7,824	1,569	7,553	1,878		—	1,569	7,553	1,878	11,000	(862	)	11/04/14	2012	10-30yrs
Retail Property in Fairfield, IA	7,610	1,132	7,779	1,784		—	1,132	7,779	1,800	10,711	(746	)	11/04/14	2011	12-37yrs
Retail Property in Owatonna, MN	7,151	1,399	7,125	1,446		—	1,398	7,125	1,564	10,087	(714	)	11/04/14	2010	11-36yrs
Retail Property in Muscatine, IA	5,128	1,060	6,636	(546	)	—	1,060	6,636	1,307	9,003	(709	)	11/04/14	2013	10-29yrs
Retail Property in Sheldon, IA	3,084	633	3,053	614		—	633	3,053	708	4,394	(305	)	11/04/14	2011	12-37yrs
Retail Property in Memphis, TN	3,930	1,986	2,800	524		—	1,987	2,800	803	5,590	(617	)	10/24/14	1962	5-15yrs
Retail Property in Bennett, CO	2,494	470	2,503	549		—	470	2,503	563	3,536	(294	)	10/02/14	2014	14-34yrs
Retail Property in Conyers, GA	22,847	876	27,396	4,258		—	876	27,396	4,258	32,530	(2,345	)	08/28/14	2014	15-45yrs
Retail Property in O'Fallon, IL	5,689	2,488	5,388	124		—	2,488	5,388	1,063	8,939	(1,218	)	08/08/14	1984	7-15yrs
Retail Property in El Centro, CA	2,985	569	3,133	575		—	569	3,133	575	4,277	(294	)	08/08/14	2014	15-50yrs
Retail Property in Durant, OK	3,229	593	3,900	498		—	593	3,900	498	4,991	(513	)	01/28/13	2007	10-40yrs
Retail Property in Gallatin, TN	3,301	1,725	2,616	721		—	1,725	2,615	721	5,061	(464	)	12/28/12	2007	11-40yrs
Retail Property in Mt. Airy, NC	2,931	728	3,353	411		—	728	3,353	621	4,702	(530	)	12/27/12	2007	9-39yrs
Retail Property in Aiken, SC	3,860	1,588	3,480	858		—	1,588	3,480	858	5,926	(567	)	12/21/12	2008	11-41yrs
Retail Property in Johnson City, TN	3,431	917	3,606	739		—	917	3,606	739	5,262	(571	)	12/21/12	2007	11-40yrs
Retail Property in Palmview, TX	4,582	938	4,837	1,045		—	938	4,837	1,045	6,820	(655	)	12/19/12	2012	11-44yrs
Retail Property in Ooltewah, TN	3,837	903	3,957	843		—	903	3,957	843	5,703	(612	)	12/18/12	2008	11-41yrs
Retail Property in Abingdon, VA	3,081	682	3,733	273		—	682	3,733	666	5,081	(583	)	12/18/12	2006	11-41yrs
Retail Property in Wichita, KS	4,801	1,187	4,850	1,163		—	1,187	4,850	1,163	7,200	(987	)	12/14/12	2012	14-34yrs
Retail Property in North Dartmouth, MA	19,046	7,033	19,745	3,187		—	7,034	19,745	3,187	29,966	(5,227	)	09/21/12	1989	10-20yrs

		Initial Cost to Company			Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period				Accumulated Depreciation and Amortization		Date Acquired	Year Built	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances	Land	Building	Intangibles		Land	Building	Intangibles	Total
Retail Property in Vineland, NJ	13,971	1,483	17,742	3,282	—	1,482	17,742	3,282	22,506	(3,655	)	09/21/12	2003	12-30yrs
Retail Property in Saratoga Springs, NY	12,553	748	13,936	5,538	—	748	13,936	5,538	20,222	(3,435	)	09/21/12	1994	15-27yrs
Retail Property in Waldorf, MD	11,672	4,933	11,684	2,186	—	4,933	11,684	2,882	19,499	(2,930	)	09/21/12	1999	10-25yrs
Retail Property in Mooresville, NC	10,952	2,616	12,462	2,566	—	2,615	12,462	2,566	17,643	(3,073	)	09/21/12	2000	12-24yrs
Retail Property in Sennett, NY	4,752	1,147	4,480	1,849	—	1,147	4,480	1,849	7,476	(1,360	)	09/21/12	1996	10-23yrs
Retail Property in DeLeon Springs, FL	821	239	782	221	—	239	782	221	1,242	(216	)	08/13/12	2011	15-35yrs
Retail Property in Orange City, FL	797	229	853	235	—	229	853	235	1,317	(230	)	05/23/12	2011	15-35yrs
Retail Property in Satsuma, FL	717	79	821	192	—	79	821	192	1,092	(224	)	04/19/12	2011	15-35yrs
Retail Property in Greenwood, AR	3,424	1,038	3,415	694	—	1,038	3,416	694	5,148	(611	)	04/12/12	2009	13-43yrs
Retail Property in Snellville, GA	5,322	1,293	5,724	983	—	1,293	5,724	983	8,000	(1,236	)	04/04/12	2011	14-34yrs
Retail Property in Columbia, SC	5,177	2,148	4,629	1,023	—	2,148	4,629	1,023	7,800	(1,044	)	04/04/12	2001	14-34yrs
Retail Property in Millbrook, AL	4,616	970	5,971	—	—	970	5,971	—	6,941	(895	)	03/28/12	2008	32yrs
Retail Property in Pittsfield, MA	11,135	1,801	11,555	1,344	—	1,801	11,555	1,344	14,700	(2,131	)	02/17/12	2011	14-34yrs
Retail Property in Spartanburg, SC	2,701	827	2,567	476	—	828	2,567	772	4,167	(684	)	01/14/11	2007	12-42yrs
Retail Property in Tupelo, MS	3,090	1,119	3,070	939	—	1,119	3,070	939	5,128	(806	)	08/13/10	2007	12-47yrs
Retail Property in Lilburn, GA	3,474	1,090	3,673	1,028	—	1,090	3,673	1,028	5,791	(932	)	08/12/10	2007	12-47yrs
Retail Property in Douglasville, GA	3,264	1,717	2,705	987	—	1,717	2,705	987	5,409	(736	)	08/12/10	2008	13-48yrs
Retail Property in Elkton, MD	2,928	963	3,049	860	—	963	3,049	860	4,872	(780	)	07/27/10	2008	14-49yrs
Retail Property in Lexington, SC	2,898	1,644	2,219	869	—	1,645	2,219	869	4,733	(667	)	06/28/10	2009	13-48yrs
Total Net Lease	385,324	96,304	411,126	81,470	5,834	96,305	415,976	88,015	600,296	(56,650	)

			Initial Cost to Company						Costs Capitalized Subsequent to Acquisition		Gross Amount at which Carried at Close of Period									Accumulated Depreciation and Amortization			Date Acquired	Year Built	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances		Land		Building		Intangibles				Land		Building		Intangibles		Total
Office in Peoria, IL	—		888		415		1,457		—		888		415		1,579		2,882			(29		)	10/21/16	1926	5-15yrs
Office in Wayne, NJ	21,856		2,744		20,212		7,684		—		2,743		20,212		8,323		31,278			(523		)	08/04/16	2009	15-45yrs
Shopping Center in Carmel, NY	—		2,041		3,632		1,033		727		2,041		4,116		1,033		7,190			(353		)	10/14/15	1985	5-20yrs
Office in Wayne, NJ	6,670		1,386		5,474		2,840		—		1,386		5,474		2,840		9,700			(638		)	06/24/15	1980	10-40yrs
Warehouse in Grand Rapids, MI	7,239		497		8,157		1,077		474		498		8,157		1,077		9,732			(587		)	06/18/15	1963	8-35yrs
Office in Grand Rapids, MI	4,928		547		5,157		596		—		547		5,157		596		6,300			(514		)	06/18/15	1992	6-28yrs
Office in St. Paul, MN	48,446		9,615		33,682		19,243		22,346		10,714		36,226		20,520		67,460			(12,793		)	09/22/14	1900	7-19yrs
Office in Richmond, VA	15,803		4,539		12,633		2,678		7,119		4,539		13,608		2,704		20,851			(3,743		)	08/14/14	1986	4-33yrs
Office in Richmond, VA	88,090		14,632		87,628		16,145		28,052		14,631		91,407		17,611		123,649			(30,750		)	06/07/13	1984	4-41yrs
Office in Oakland County, MI	11,747		1,147		7,707		9,146		7,299		1,147		11,381		9,932		22,460			(12,049		)	02/01/13	1989	4-35yrs
Total Other	204,779		38,036		184,697		61,899		66,017		39,134		196,153		66,215		301,502			(61,979		)
Condominium in Miami, FL	—		10,487		67,895		1,618		1,522		2,951		20,626		455		24,032			(1,585		)	11/21/13	2010	7-47yrs
Condominium in Las Vegas, NV	—		4,900		114,100		—		1,342		4,900		13,616		—		18,516			(1,794		)	12/20/12	2006	40yrs
Total Condominium	—		15,387		181,995		1,618		2,864		7,851		34,242		455		42,548		(1)	(3,379		)
Total Real Estate	$	590,103	$	149,727	$	777,818	$	144,987	$	74,715	$	143,290	$	646,371	$	154,685	$	944,346	(2)	$	(122,008	)

(1)         Gross carrying value amounts are charged off as cost of sales upon delivery of condo units.

(2)         The aggregate cost for U.S. federal income tax purposes is $900.1 million at December 31, 2016.

Reconciliation of Real Estate:

The following table reconciles real estate from December 31, 2015 to December 31, 2016 ($ in thousands):

	Total Real Estate			Commercial Real Estate			Residential Real Estate
Balance at December 31, 2015	$	917,835		$	842,140		$	75,695
Reclassification of intangibles to accumulated amortization	1,316			1,316			—
Improvements and additions	75,345			72,963			2,382
Acquisitions through foreclosures	—			—			—
Dispositions	(50,150		)	(14,622		)	(35,528		)
Impairments	—			—			—
Balance at December 31, 2016	$	944,346		$	901,797		$	42,549

The following table reconciles real estate from December 31, 2014 to December 31, 2015 ($ in thousands):

	Total Real Estate			Commercial Real Estate			Residential Real Estate
Balance at December 31, 2014	$	819,591		$	697,965		$	121,626
Improvements and additions	232,582			230,915			1,667
Acquisitions through foreclosures	6,706			6,706			—
Dispositions	(141,044		)	(93,446		)	(47,598		)
Impairments	—			—			—
Balance at December 31, 2015	$	917,835		$	842,140		$	75,695

The following table reconciles real estate from December 31, 2013 to December 31, 2014 ($ in thousands):

	Total Real Estate			Commercial Real Estate			Residential Real Estate
Balance at December 31, 2013	$	649,820		$	474,465		$	175,355
Improvements and additions	267,367			267,367			—
Acquisitions through foreclosures	—			—			—
Dispositions	(97,596		)	(43,867		)	(53,729		)
Impairments	—			—			—
Balance at December 31, 2014	$	819,591		$	697,965		$	121,626

Reconciliation of Accumulated Depreciation and Amortization:

The following table reconciles accumulated depreciation and amortization from December 31, 2015 to December 31, 2016 ($ in thousands):

	Total Real Estate			Commercial Real Estate			Residential Real Estate
Balance at December 31, 2015	$	83,056		$	78,376		$	4,680
Reclassification of intangibles to accumulated amortization	1,316			1,316
Additions	40,726			39,398			1,328
Dispositions	(3,090		)	(460		)	(2,630		)
Balance at December 31, 2016	$	122,008		$	118,630		$	3,378

The following table reconciles accumulated depreciation and amortization from December 31, 2014 to December 31, 2015 ($ in thousands):

	Total Real Estate			Commercial Real Estate			Residential Real Estate
Balance at December 31, 2014	$	50,605		$	45,856		$	4,749
Additions	40,490			38,213			2,277
Dispositions	(8,039		)	(5,693		)	(2,346		)
Balance at December 31, 2015	$	83,056		$	78,376		$	4,680

The following table reconciles accumulated depreciation and amortization from December 31, 2013 to December 31, 2014 ($ in thousands):

	Total Real Estate			Commercial Real Estate			Residential Real Estate
Balance at December 31, 2013	$	25,601		$	23,061		$	2,540
Additions	28,916			25,212			3,704
Dispositions	(3,912		)	(2,417		)	(1,495		)
Balance at December 31, 2014	$	50,605		$	45,856		$	4,749