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Summary of the real estate owned as of (Tables)
 3 Months Ended
Mar. 31, 2014
Summary of the real estate owned as of  
Summary of the real estate owned as of

Below is a summary of the real estate owned as of March 31, 2014 (dollars in thousands):

 

Apartments

 

$

436,109

 

Commercial properties

 

 

178,579

 

Land held for development

 

 

156,272

 

Real estate held for sale

 

 

37,069

 

Real estate subject to sales contract

 

 

25,371

 

Total real estate

 

$

833,400

 

Less accumulated depreciation

 

 

(149,786

)

Total real estate, net of depreciation

 

$

683,614