Drive Shack Inc. Annual report pursuant to Section 13 and 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Change in Fair Value of Level 3 Investments (Details 3)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Change in Fair Value of Level 3 Investments (Details 3) - Measured on a Recurring Basis - Level 3 - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	$ 231,754	$ 445,469
Transfers
Transfer into Level 3	367
Total gains (losses)
Included in net income (loss)	26,497	33,023
Included in other comprehensive income (loss)	(29,955)	(13,052)
Amortization included in interest income	9,715	24,326
Purchases, sales and settlements
Purchases	0	0
Proceeds from sales	(140,189)	(146,092)
Proceeds from repayments	(39,155)	(111,920)
Balance, ending	59,034	231,754
Derivative Transactions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	0	43,662
Transfers
Transfer into Level 3	0
Total gains (losses)
Included in net income (loss)	0	12,498
Included in other comprehensive income (loss)	0	0
Amortization included in interest income	0	0
Purchases, sales and settlements
Purchases	0	0
Proceeds from sales	0	0
Proceeds from repayments	0	(56,160)
Balance, ending	0	0
CMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	178,763	284,469
Transfers
Transfer into Level 3	0
Total gains (losses)
Included in net income (loss)	12,038	15,384
Included in other comprehensive income (loss)	(18,797)	(21,154)
Amortization included in interest income	6,866	17,184
Purchases, sales and settlements
Purchases	0	0
Proceeds from sales	(102,607)	(73,252)
Proceeds from repayments	(36,579)	(43,868)
Balance, ending	39,684	178,763
Non-Agency RMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	45,035	57,581
Transfers
Transfer into Level 3	0
Total gains (losses)
Included in net income (loss)	14,826	4,165
Included in other comprehensive income (loss)	(12,933)	2,909
Amortization included in interest income	2,849	5,218
Purchases, sales and settlements
Purchases	0	0
Proceeds from sales	(37,582)	(15,787)
Proceeds from repayments	(2,576)	(9,051)
Balance, ending	9,619	45,035
Equity/Other Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	7,956	59,757
Transfers
Transfer into Level 3	367
Total gains (losses)
Included in net income (loss)	(367)	976
Included in other comprehensive income (loss)	1,775	5,193
Amortization included in interest income	0	1,924
Purchases, sales and settlements
Purchases	0	0
Proceeds from sales	0	(57,053)
Proceeds from repayments	0	(2,841)
Balance, ending	$ 9,731	$ 7,956