Variable Interest Entities (Tables)
9 Months Ended
Sep. 30, 2012
Carrying Amount and Maximum Exposure to Loss Relating to VIEs

The following table presents the carrying amount and maximum exposure to loss relating to VIEs for which the Company holds a variable interest, but is not the primary beneficiary, and which had not been consolidated at September 30, 2012 and December 31, 2011. The table includes investments in eight real estate joint ventures and 27 affordable housing real estate joint ventures at September 30, 2012 and investments in eleven real estate joint ventures and 28 affordable housing real estate joint ventures at December 31, 2011.

 

     September 30      December 31  
     2012      2011  
            Maximum             Maximum  
     Carrying      Exposure      Carrying      Exposure  
     Amount      to Loss      Amount      to Loss  

Real estate joint ventures

   $ 24,033       $ 24,033       $ 35,551       $ 35,551   

Affordable housing real estate joint ventures

     23,090         60,419         20,749         61,124   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 47,123       $ 84,452       $ 56,300       $ 96,675