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

INTANGIBLES (Tables)

12 Months Ended

Dec. 31, 2012

	December 31, 2012							December 31, 2011
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value		Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
In-place resident lease intangibles	$	22,711	$	(4,205	)	$	18,506	$	-	$	-	$	-
Non-compete intangibles		600		(20	)		580		-		-		-
Total intangibles	$	23,311	$	(4,225	)	$	19,086	$	-	$	-	$	-