5. ACQUISITION OF CREXUS On April 17, 2013, the Company, through its wholly-owned subsidiary CXS Acquisition Corporation obtained control of CreXus pursuant to the merger agreement dated January 30, 2013. CreXus owned a portfolio of commercial real estate assets which are now owned by the Company. Following the acquisition, CXS Acquisition Corporation was renamed Annaly Commercial Real Estate Group, Inc. The business combination was accounted for under the acquisition method of accounting in accordance with ASC 805, Business Combinations, ( ASC 805 ). Accordingly, goodwill was measured as the excess of the aggregate of the acquisition-date fair value of the consideration transferred and the acquisition-date fair value of the Company s previously held equity interest in CreXus over the fair value, at acquisition date, of the identifiable assets acquired net of assumed liabilities. The following table summarizes the aggregate consideration and preliminary fair value of the assets acquired and liabilities assumed recognized at the acquisition date: April 17, 2013 (dollars in thousands) Cash consideration transferred $ 876,267 Fair value of equity interest in CreXus held before the business combination 106,521 $ 982,788 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and cash equivalents $ 151,843 Commercial real estate investments 796,950 Accrued interest receivable 3,485 Other assets 5,617 Mortgages payable (19,376 ) Participation sold (14,352 ) Accounts payable and accrued expenses (12,729 ) Total identifiable net assets 911,438 Goodwill 71,350 $ 982,788 The Company recorded $71.4 million of goodwill during the second quarter of 2013 associated with the acquisition of CreXus in the Consolidated Statements of Financial Condition. The Company recognized additional goodwill of $0.4 million during the second half of 2013. In management s opinion, the goodwill represents the synergies that resulted from integrating CreXus  commercial real estate platform into the Company, which the Compa