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CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Tables)
 3 Months Ended
Mar. 31, 2014
Related Party Transactions [Abstract]  
Details of Receivable and Payables and Fees, Dividends and Reimbursed Expenses
The following table details these receivables and payables (in thousands):
 
March 31, 2014
 
December 31, 2013
Loans and receivables from managed entities and related parties, net:
 
 
 
Real estate investment entities
$
24,492

 
$
21,487

Commercial finance investment entities (1)
7,838

 
8,174

Financial fund management investment entities
795

 
1,138

Other
427

 
124

Loan to LEAF I (2)
954

 
—

Receivables from managed entities and related parties
$
34,506

 
$
30,923

 
 
 
 
Payables due to managed entities and related parties, net:
 

 
 

Real estate investment entities (3) 
$
2,930

 
$
2,940

Other
182

 
170

Payables to managed entities and related parties
$
3,112

 
$
3,110

 
(1)
Net of reserves for credit losses of $37.4 million and $36.2 million, respectively, related to management fees owed from three commercial finance investment entities that, based on estimated cash distributions, are not expected to be collectible.
(2)
Pursuant to a guarantee agreement, the Company made a payment to the lender of one of its commercial finance investment partnerships. In making the payment, the Company assumed the rights of the lender, with the resulting balance being collateralized by the portfolio of leases and loans held by the partnership (see Note 17).
(3)
Reflects $2.9 million in funds provided by the real estate investment entities, which are held by the Company to self-insure the properties held by those entities.
Schedule of Fees, Dividends and Reimbursed Expenses from Several Related/Managed Entities
The following table details those activities (in thousands):
 
Three Months Ended
 
March 31,
 
2014
 
2013
Fees from unconsolidated investment entities:
 
 
 
Real estate (1) 
$
8,925

 
$
4,194

Financial fund management
802

 
748

Commercial finance (2) 
—

 
—

CVC Credit Partners – reimbursement of net costs and expenses
181

 
377

RRE Opportunity REIT I:
 
 
 
Reimbursement of costs and expenses
351

 
204

Dividends paid
29

 
33

RRE Opportunity REIT II:
 
 
 
Reimbursement of costs and expenses
502

 
—

LEAF:
 
 
 
Payment for sub-servicing the commercial finance investment
    partnerships
(127
)
 
(199
)
Payment for rent and related expenses
—

 
(303
)
Reimbursement of net costs and expenses
36

 
57

1845 Walnut Associates Ltd:
 
 
 
Payment for rent and related expenses
(204
)
 
(157
)
Property management fees
16

 
42

Brandywine Construction & Management, Inc. – payment for
    property management of hotel property
(40
)
 
(43
)
Atlas Energy, L.P. – reimbursement of net costs and expenses
30

 
141

Ledgewood P.C. – payment for legal services 
(24
)
 
(61
)
Graphic Images, LLC – payment for printing services
(60
)
 
(24
)
The Bancorp, Inc. – reimbursement of net costs and expenses
27

 
28

9 Henmar LLC – payment of broker/consulting fees 
(3
)
 
(3
)
 
(1)
Reflects discounts recorded by the Company of $33,000 and $133,000 recorded in the three months ended March 31, 2014 and 2013 in connection with management fees from its real estate investment entities that it expects to receive in future periods.
(2)
During the three months ended March 31, 2014 and 2013, the Company waived $224,000 and $618,000, respectively, of its fund management fees from its commercial finance investment entities.