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REAL ESTATE ACTIVITY (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014
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Real Estate Activity Details |  |
Apartments | $ 543,524 |
Apartments under construction | 3,261 |
Commercial properties | 216,941 |
Land held for development | 158,117 |
Real estate subject to sales contract | 21,507 |
Total real estate | 943,350 |
Less accumulated depreciation | (141,436) |
Total real estate | $ 801,914 | $ 699,763

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- Definition Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -SubTopic 360 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28.FN4) -URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04.(c) Schedule III) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 + Details
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