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REAL ESTATE ACTIVITY (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Real Estate Activity Details
Apartments	$ 578,838
Apartments under construction	7,503
Commercial properties	218,447
Land held for development	156,310
Real estate subject to sales contract	9,408
Total real estate	970,506
Less accumulated depreciation	(145,295)
Total real estate	$ 825,211	$ 699,763

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The current amount of expenditures for a real estate project that has not yet been completed.

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Aggregate of the carrying amounts as of the balance sheet date of investments in building and building improvements.

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Carrying amount of land available for development.

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Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.

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Carrying amount as of the balance sheet date of investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity.

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Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.

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Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.

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Carrying amount of income producing properties held for rental.

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