| GAIN (LOSSES) ON SETTLEMENT OF INVESTMENTS, NET AND OTHER INCOME (LOSS), NET |
9. GAIN (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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2011 |
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2010 |
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2011 |
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2010 |
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| Gain
(loss) on settlement of investments, net |
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| Gain
on settlement of real estate securities |
|
$ |
5,635 |
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|
$ |
638 |
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$ |
78,570 |
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|
$ |
28,744 |
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| Loss
on settlement of real estate securities |
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(24 |
) |
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(1,772 |
) |
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|
(5,047 |
) |
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|
(7,968 |
) |
| Gain
on repayment/disposition of loans held-for-sale |
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25 |
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1,811 |
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| Realized
gain (loss) on termination of derivative instruments |
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(3,279 |
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$ |
5,636 |
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|
$ |
(1,134 |
) |
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$ |
75,334 |
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$ |
17,497 |
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| Other
income (loss), net |
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| Gain
(loss) on non-hedge derivative instruments |
|
$ |
(2,109 |
) |
|
$ |
(1,861 |
) |
|
$ |
194 |
|
|
$ |
(5,992 |
) |
| Unrealized
(loss) recognized at de-designation of hedges |
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|
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(7,279 |
) |
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(13,796 |
) |
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|
(7,279 |
) |
| Hedge
ineffectiveness |
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|
(1,181 |
) |
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|
83 |
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(881 |
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|
(85 |
) |
| Equity
in earnings of equity method investees |
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|
43 |
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(1 |
) |
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|
43 |
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|
77 |
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| Collateral
management fee income, net |
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|
496 |
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|
1,864 |
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| Other
income (loss) |
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|
230 |
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|
673 |
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$ |
(2,751 |
) |
|
$ |
(8,828 |
) |
|
$ |
(12,576 |
) |
|
$ |
(12,606 |
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