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2. Summary of real estate owned as of (Details) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Summary of real estate owned as of:  
Apartments $ 436,211
Commercial properties 178,338
Land held for development 156,034
Real estate held for sale 2,116
Real estate subject to sales contract 25,211
Total real estate 797,910
Less accumulated deprecation (126,750)
Total real estate, net of depreciation $ 671,160