INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Tables)

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

Summary of the Company's investments in unconsolidated joint ventures, which the entity accounts for using the equity method

The following is a summary of the Company’s investments in unconsolidated joint ventures, which we account for using the equity method, as of December 31, 2016 and 2015 ($ in thousands):

Entity	December 31, 2016		December 31, 2015
Ladder Capital Realty Income Partnership I LP	$	—	$	49
Grace Lake JV, LLC	3,719		2,891
24 Second Avenue Holdings LLC	30,306		30,857
Investment in unconsolidated joint ventures	$	34,025	$	33,797

Summary of the Company's allocated earnings based on its ownership interests from investment in unconsolidated joint ventures

The following is a summary of the Company’s allocated earnings (losses) based on its ownership interests from investment in unconsolidated joint ventures for the years ended December 31, 2016, 2015 and 2014 ($ in thousands):

	Year Ended December 31,
Entity	2016			2015			2014
Ladder Capital Realty Income Partnership I LP	$	892		$	116		$	1,090
Grace Lake JV, LLC	953			823			900
24 Second Avenue Holdings LLC	(1,419		)	(568		)	—
Earnings from investment in unconsolidated joint ventures	$	426		$	371		$	1,990

Summary of the combined results from operations of the unconsolidated joint ventures for the period in which the Company had investment interests

The following is a summary of the combined financial position of the unconsolidated joint ventures in which the Company had investment interests as of December 31, 2016 and 2015 ($ in thousands):

	December 31, 2016		December 31, 2015
Total assets	$	138,298	$	131,214
Total liabilities	94,964		88,973
Partners’/members’ capital	$	43,334	$	42,241

The following is a summary of the combined results from operations of the unconsolidated joint ventures for the period in which the Company had investment interests during the years ended December 31, 2016, 2015 and 2014 ($ in thousands):

	Year Ended December 31,
	2016		2015		2014
Total revenues	$	17,047	$	18,886	$	26,059
Total expenses	15,861		15,849		16,864
Net income	$	1,186	$	3,037	$	9,195