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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Tables) | 9 Months Ended
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Sep. 30, 2015
Equity Method Investments and Joint Ventures [Abstract] |
Summary of the Company's investments in unconsolidated joint ventures, which the entity accounts for using the equity method | The following is a summary of the Company’s investments in unconsolidated joint ventures, which we account for using the equity method, as of September 30, 2015 and December 31, 2014 ($ in thousands):
Entity |  | September 30, 2015 |  | December 31, 2014
Ladder Capital Realty Income Partnership I LP |  | $ | 49 |  |  | $ | 3,898 |
Grace Lake JV, LLC |  | 2,753 |  |  | 2,143 |
24 Second Avenue Holdings LLC |  | 30,991 |  |  | — |
Company’s investment in unconsolidated joint ventures |  | $ | 33,793 |  |  | $ | 6,041 |
Summary of the Company's allocated earnings based on its ownership interests from investment in unconsolidated joint ventures | The following is a summary of the Company’s allocated earnings (losses) based on its ownership interests from investment in unconsolidated joint ventures for the three and nine months ended September 30, 2015 and 2014 ($ in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Entity |  | 2015 |  | 2014 |  | 2015 |  | 2014
Ladder Capital Realty Income Partnership I LP |  | $ | — |  |  | $ | 101 |  |  | $ | 116 |  |  | $ | 987 |
Grace Lake JV, LLC |  | 196 |  |  | 225 |  |  | 685 |  |  | 675 |
24 Second Avenue Holdings LLC |  | (221 | ) |  | — |  |  | (221 | ) |  | — |
Earnings (loss) from investment in unconsolidated joint ventures |  | $ | (25 | ) |  | $ | 326 |  |  | $ | 580 |  |  | $ | 1,662 |
Summary of the combined results from operations of the unconsolidated joint ventures for the period in which the Company had investment interests | The following is a summary of the combined financial position of the unconsolidated joint ventures in which the Company had investment interests as of September 30, 2015 and December 31, 2014 ($ in thousands):
|  | September 30, 2015 |  | December 31, 2014
Total assets |  | $ | 130,433 |  |  | $ | 118,762 |
Total liabilities |  | 88,405 |  |  | 81,073 |
Partners’/members’ capital |  | $ | 42,028 |  |  | $ | 37,689 |
The following is a summary of the combined results from operations of the unconsolidated joint ventures for the period in which the Company had investment interests during the three and nine months ended September 30, 2015 and 2014 ($ in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2015 |  | 2014 |  | 2015 |  | 2014
Total revenues |  | $ | 4,203 |  |  | $ | 5,700 |  |  | $ | 14,666 |  |  | $ | 19,661 |
Total expenses |  | 4,626 |  |  | 3,727 |  |  | 11,987 |  |  | 12,571 |
Net income (loss) |  | $ | (423 | ) |  | $ | 1,973 |  |  | $ | 2,679 |  |  | $ | 7,090 |

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- Definition Tabular disclosure of the entity's allocated earnings based on its ownership interests from investment in unconsolidated joint ventures. + References No definition available. + Details
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- Definition Tabular disclosure of the results from operations of the unconsolidated joint ventures for the period in which the entity had investment interests. + References No definition available. + Details
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