CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash	$ 26,522	$ 24,132
Restricted cash	1,228	937
Receivables	1,624	1,424
Loans and receivables from managed entities and related parties, net	23,970	26,667
Investments in real estate, net	16,100	16,022
Investment securities, at fair value	43,916	47,476
Investments in unconsolidated loan manager	31,617	32,616
Investments in unconsolidated entities	24,278	17,553
Property and equipment, net	4,712	5,371
Deferred tax assets, net	27,332	29,264
Other assets	9,916	9,519
Total assets	211,215	210,981
Liabilities:
Accrued expenses and other liabilities	26,360	27,184
Payables to managed entities and related parties	4,365	3,145
Long-term Debt	20,272	20,533
Total liabilities	50,997	50,862
Commitments and contingencies
Equity:
Preferred stock, $1.00 par value, 1,000,000 shares authorized; none outstanding	0	0
Common stock, $.01 par value, 49,000,000 shares authorized; 35,865,433 and 34,973,987 shares issued (including nonvested restricted stock of 1,730,069 and 1,095,238), respectively	348	339
Additional paid-in capital	313,532	311,491
Accumulated deficit	(30,304)	(30,676)
Treasury stock, at cost; 15,036,154 and 14,460,024 shares, respectively	(143,209)	(139,858)
Accumulated other comprehensive loss	(4,367)	(3,533)
Total stockholders’ equity	136,000	137,763
Noncontrolling interests	24,218	22,356
Total equity	160,218	160,119
Total liabilities and equity	$ 211,215	$ 210,981