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NOTES AND INTEREST PAYABLE (Tables)

12 Months Ended

Dec. 31, 2014

NOTES AND INTEREST PAYABLE {2}

Schedule Of Notes And Interest Payable

Below is a summary of our notes and interest payable as of December 31, 2014 (dollars in thousands):

		Notes Payable				Accrued Interest				Total Debt
Apartments		$	420,083			$	1,157			$	421,240
Commercial			114,085				433				114,518
Land held for development			83,439				117				83,556
Real estate held for sale			452				-				452
Real estate subject to sales contract			16,961				1,655				18,616
Other			20,464				213				20,677

Total		$	655,484			$	3,575			$	659,059

Schedule of the principal payments on the notes payable for the future dates Table Text Block

The following table schedules the principal payments on the notes payable for the next five years and thereafter (dollars in thousands):

Year		Amount
2015		$ 108,341
2016		77,994
2017		41,602
2018		6,661
2019		51,083
Thereafter		369,803
Total		$ 655,484