| GAINS (LOSSES) ON SETTLEMENT OF INVESTMENTS, NET AND OTHER INCOME (LOSS), NET |
16. GAINS (LOSSES) ON SETTLEMENT OF INVESTMENTS, NET AND OTHER INCOME (LOSS), NET
These items are comprised
of the following:
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Three Months Ended June 30,
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Six Months Ended June 30,
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2014
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2013
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2014
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2013
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Gain (loss) on settlement of investments, net
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Gain on settlement of real estate securities
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$
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15,698
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$
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8,209
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$
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18,032
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$
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8,209
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Loss on settlement of real estate securities
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—
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(3,592
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)
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—
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(3,592
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)
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Gain on repayment/disposition of loans held-for-sale
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24,737
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—
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24,737
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—
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Loss on repayment/disposition of loans held-for-sale
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—
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(354
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)
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—
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(354
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)
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Gain on termination of derivative
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—
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813
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—
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813
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Loss on disposal of long-lived assets
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(32
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)
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(10
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)
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(34
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)
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(13
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)
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$
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40,403
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$
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5,066
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$
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42,735
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$
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5,063
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Other income (loss), net
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Gain (loss) on non-hedge derivative instruments
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$
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3,855
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$
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2,282
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$
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16,603
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$
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5,408
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Hedge ineffectiveness
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259
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—
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259
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—
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Collateral management fee income, net
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250
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336
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515
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688
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Equity in earnings of equity method investees
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328
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—
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289
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—
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Other income (loss)
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—
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406
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500
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1,495
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$
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4,692
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$
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3,024
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$
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18,166
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$
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7,591
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