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LOANS PAYABLE AND OTHER BORROWINGS (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Loans Payable and Other Borrowings
Loans payable and other borrowings consist of the following (in thousands):
As of
June 30, 2021December 31, 2020
Other borrowings, real estate notes payable (1)
$19,534 $23,094 
$780.0 million unsecured revolving credit facility with interest approximating LIBOR (approximately 0.10% at June 30, 2021) plus 1.375% or Prime (3.25% at June 30, 2021) plus 0.375%
— — 
Total$19,534 $23,094 
(1)Reflects balance of non-recourse notes payable in connection with land purchases.