The carrying value and
classification of the related assets and maximum exposure to loss
as a result of our involvement with these VIEs are presented below
at March 31, 2013 (in thousands):
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VIE
Type
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Maximum Loss
Exposure(1) |
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Asset Type
Classification |
|
Carrying
Amount(2) |
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Loans, net
|
|
$ |
275,390 |
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Mortgage and other loans |
|
$ |
226,891 |
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Equity
investments
|
|
$ |
18,928 |
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Other assets |
|
$ |
5,374 |
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| (1) |
Our maximum loss exposure
related to loans with VIEs represents our current aggregate gross
carrying value of the loan plus accrued interest and any other
related assets (such as rents receivable), less any liabilities.
Our maximum loss exposure related to our equity investment in VIEs
represents the current carrying values of such investment plus any
other related assets (such as rent receivables) less any
liabilities. |
| (2) |
Carrying amount reflects
the net book value of our loan or equity interest only in the
VIE. |
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