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CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Tables)
 9 Months Ended
Sep. 30, 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):
 
September 30,
2014
 
December 31,
2013
Loans and receivables from managed entities and related parties, net:
 
 
 
Real estate investment entities
$
27,346

 
$
21,487

Commercial finance investment entities (1)
2,403

 
8,174

Financial fund management investment entities
497

 
1,138

Other
429

 
124

Loan to CVC Credit Partners
1,962

 
—

Receivables from managed entities and related parties
$
32,637

 
$
30,923

 
 
 
 
Payables due to managed entities and related parties, net:
 

 
 

Real estate investment entities (2) 
$
3,580

 
$
2,940

Other
115

 
170

Payables to managed entities and related parties
$
3,695

 
$
3,110

 
(1)
Net of reserves for credit losses of $32.5 million and $36.2 million as of September 30, 2014 and December 31, 2013, respectively, related to management fees due from certain of the Company's commercial finance investment entities that, based on estimated cash distributions, are not expected to be collectible.
(2)
Reflects $3.4 million and $2.9 million in funds provided by the real estate investment entities as of September 30, 2014 and December 31, 2013, respectively, 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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2014
 
2013
 
2014
 
2013
Fees from unconsolidated investment entities:
 
 
 
 
 
 
 
Real estate (1) 
$
8,992

 
$
6,726

 
$
26,436

 
$
16,273

Financial fund management
794

 
801

 
2,861

 
2,335

Commercial finance (2)
—

 
—

 
—

 
—

CVC Credit Partners – reimbursement of net costs and expenses
211

 
295

 
836

 
979

RRE Opportunity REIT I:
 
 
 
 
 
 
 
Reimbursement of costs and expenses
641

 
204

 
1,556

 
605

Dividends paid
30

 
28

 
88

 
85

RRE Opportunity REIT II:
 
 
 
 
 
 
 
Reimbursement of costs and expenses
642

 
—

 
1,590

 
—

LEAF:
 
 
 
 
 
 
 
Payment for sub-servicing the commercial finance
   investment partnerships
(52
)
 
(197
)
 
(253
)
 
(743
)
Payment for rent and related expenses
—

 
(144
)
 
—

 
(543
)
Reimbursement of net costs and expenses
31

 
53

 
95

 
168

1845 Walnut Associates Ltd:
 
 
 
 
 
 
 
Payment for rent and related expenses
(154
)
 
(286
)
 
(561
)
 
(476
)
Property management fees
56

 
32

 
149

 
149

Brandywine Construction & Management, Inc. –
  payment for property management of hotel property
(57
)
 
(54
)
 
(169
)
 
(167
)
Atlas Energy, L.P. – reimbursement of net costs and expenses
52

 
49

 
124

 
243

Ledgewood P.C. – payment for legal services 
(98
)
 
(76
)
 
(165
)
 
(180
)
Graphic Images, LLC – payment for printing services
(27
)
 
(20
)
 
(116
)
 
(59
)
The Bancorp, Inc. – reimbursement of net costs and expenses
29

 
29

 
84

 
85

9 Henmar LLC – payment of broker/consulting fees 
(3
)
 
(4
)
 
(21
)
 
(24
)
 
(1)
Reflects discounts recorded by the Company of $38,000 and $112,000 for the three and nine months ended September 30, 2014, respectively, and $56,000 and $169,000 for the three and nine months ended September 30, 2013, respectively, in connection with management fees from its real estate investment entities that it expects to receive in future periods.
(2)
During the three and nine months ended September 30, 2014, the Company waived $105,000 and $605,000, respectively, and $410,000 and $1.5 million, respectively, during the three and nine months ended September 30, 2013, of its fund management fees from its commercial finance investment entities.