| 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 September 30,
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Nine Months Ended
September 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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—
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$
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1,381
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$
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18,032
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$
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9,590
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Loss on settlement of real estate securities
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—
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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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7,763
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—
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32,500
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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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—
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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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—
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—
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813
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Loss on disposal of long-lived assets
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(756
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)
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7
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(790
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)
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(6
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)
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$
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7,007
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$
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1,388
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$
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49,742
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$
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6,451
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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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1,762
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$
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1,894
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$
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18,365
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$
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7,302
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Realized loss recognized at de-designation of hedges
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(34
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)
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—
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(34
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)
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—
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Hedge ineffectiveness
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(158
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)
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—
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101
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—
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Collateral management fee income, net
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225
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304
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740
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992
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Equity in earnings of equity method investees
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332
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(458
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)
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621
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(458
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)
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Other income (loss) (1)
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4,965
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223
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5,465
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1,718
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$
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7,092
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$
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1,963
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$
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25,258
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$
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9,554
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(1) Includes a $5.2 million gain on a lease modification related to a golf course in Rowlett, Texas.
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