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REAL ESTATE ACTIVITY (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31, 2015 (dollars in thousands):

Apartments		$	455,856
Apartments under construction			1,514
Commercial properties			196,398
Land held for development			157,591
Real estate subject to sales contract			21,434
Total real estate		$	832,793
Less accumulated depreciation			(136,187	)
Total real estate, net of depreciation		$	696,606

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Tabular disclosure for summary of the real estate owned details

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