Drive Shack Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE - Net Assets of Linked Transactions (Details 11)

FAIR VALUE - Net Assets of Linked Transactions (Details 11) (USD $)
In Thousands, unless otherwise specified

Mar. 31, 2014

Dec. 31, 2013

Real estate securities, available-for-sale

$ 439,023

$ 984,263

Repurchase agreements

(74,863)

(556,347)

Linked Transactions [Member]

Real estate securities, available-for-sale

88,272

^[1]

Repurchase agreements

(54,250)

^[2]

Net Assets recognized as linked transactions

$ 34,022

[1]	Represents the fair value of the securities accounted for as part of linked transactions at March 31, 2014.
[2]	Represents the carrying value, which approximates fair value, of the repurchase agreements accounted for as part of linked transactions at March 31, 2014.

- Definition

Amount, after the effects of master netting arrangements, of funds outstanding borrowed in the form of a security resale agreement between the entity and another party for the purchase and resale of identical or substantially the same securities at a date certain for a specified price. Includes liabilities not subject to a master netting arrangement.

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