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INVESTMENT IN AFFILIATES (Tables)
12 Months Ended
Dec. 31, 2013
INVESTMENT IN AFFILIATES  
Schedule of balance sheet and operating information

 

 

 
  2013   2012  
 
  (in thousands)
 

Restricted cash

  $ 2,282   $ 3,241  

Real estate inventories

        149,774  

Other assets, net

    41     10,712  
           

Total Assets

  $ 2,323   $ 163,727  
           
           

Construction loan payable and other member loans

  $   $ 375,441  

Other liabilities

    8,362     46,408  
           

Total Liabilities

  $ 8,362   $ 421,849  
           
           

Members' Deficiency

  $ (6,039 ) $ (258,122 )
           
           


 

 
  2013   2012  
 
  (in thousands)
  (in thousands)
 

Revenues

  $ 14   $ (745 )

Costs and Expenses

    (252,056 )   50,827  
           

Net Income (Loss)

  $ 252,070   $ (51,572 )