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REAL ESTATE ACTIVITY (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of summary of the real estate owned

Schedule of summary of the real estate owned

Below is a summary of the real estate owned as of September 30, 2014 (dollars in thousands):

Apartments		$	409,430
Commercial properties			178,824
Land held for development			157,290
Real estate held for sale			46,354
Real estate subject to sales contract			21,806
Total real estate		$	813,704
Less accumulated depreciation			(129,630	)
Total real estate, net of depreciation		$	684,074

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Tabular disclosure for summary of the real estate owned details

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