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OPERATING SEGMENTS (Table) | 12 Months Ended
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Dec. 31, 2015
Segment Reporting [Abstract] |
Schedule of operating income of each operating segment and each segment's assets | Presented below is the operating income of each operating segment and each segment’s assets for 2015, 2014 and 2013 (dollars in thousands):
|  | Commercial |  |  |  |  |  |  |  |  |  |  |  |  |
For the Twelve Months Ended December 31, 2015 |  | Properties |  |  | Apartments |  |  | Land |  |  | Other |  |  | Total |
Operating revenue |  | $ | 30,540 |  |  | $ | 73,543 |  |  | $ | — |  |  | $ | 105 |  |  | $ | 104,188 |
Operating expenses |  |  | (17,761 | ) |  |  | (34,955 | ) |  |  | (1,029 | ) |  |  | (257 | ) |  |  | (54,002 | )
Depreciation and amortization |  |  | (8,993 | ) |  |  | (12,498 | ) |  |  | — |  |  |  | 73 |  |  |  | (21,418 | )
Mortgage and loan interest |  |  | (6,919 | ) |  |  | (18,767 | ) |  |  | (4,694 | ) |  |  | (17,132 | ) |  |  | (47,512 | )
Loan charges and prepayment penalties |  |  |  |  |  |  | (4,932 | ) |  |  |  |  |  |  | (33 | ) |  |  | (4,965 | )
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 16,674 |  |  |  | 16,674 |
Gain on land sales |  |  |  |  |  |  |  |  |  |  | 21,648 |  |  |  |  |  |  |  | 21,648 |
Segment operating income (loss) |  | $ | (3,133 | ) |  | $ | 2,391 |  |  | $ | 15,925 |  |  | $ | (570 | ) |  | $ | 14,613 |
Capital expenditures |  |  | 8,133 |  |  |  | 506 |  |  |  | 2,621 |  |  |  | — |  |  |  | 11,260 |
Assets |  |  | 155,147 |  |  |  | 551,415 |  |  |  | 146,945 |  |  |  | — |  |  |  | 853,507 |
Property Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales price |  | $ | — |  |  | $ | 11,129 |  |  | $ | 107,298 |  |  | $ | — |  |  | $ | 118,427 |
Cost of sale |  |  | — |  |  |  | (10,394 | ) |  |  | (88,387 | ) |  |  | — |  |  |  | (98,781 | )
Recognized prior deferred gain |  |  | — |  |  |  | — |  |  |  | 2,737 |  |  |  | — |  |  |  | 2,737 |
Gain on sale |  | $ | — |  |  | $ | 735 |  |  | $ | 21,648 |  |  | $ | — |  |  | $ | 22,383 |
|  | Commercial |  |  |  |  |  |  |  |  |  |  |  |  |
For the Twelve Months Ended December 31, 2014 |  | Properties |  |  | Apartments |  |  | Land |  |  | Other |  |  | Total |
Operating revenue |  | $ | 20,476 |  |  | $ | 58,882 |  |  | $ | 1 |  |  | $ | 53 |  |  | $ | 79,412 |
Operating expenses |  |  | (13,127 | ) |  |  | (27,588 | ) |  |  | (1,397 | ) |  |  | (12 | ) |  |  | (42,124 | )
Depreciation and amortization |  |  | (7,413 | ) |  |  | (10,270 | ) |  |  | — |  |  |  | 90 |  |  |  | (17,593 | )
Mortgage and loan interest |  |  | (6,026 | ) |  |  | (16,777 | ) |  |  | (4,619 | ) |  |  | (10,550 | ) |  |  | (37,972 | )
Loan charges and prepayment penalties |  |  | (113 | ) |  |  | (2,625 | ) |  |  | (66 | ) |  |  | (50 | ) |  |  | (2,854 | )
Interest income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 20,054 |  |  |  | 20,054 |
Gain on land sales |  |  | — |  |  |  | — |  |  |  | 561 |  |  |  | — |  |  |  | 561 |
Segment operating income (loss) |  | $ | (6,203 | ) |  | $ | 1,622 |  |  | $ | (5,520 | ) |  | $ | 9,585 |  |  | $ | (516 | )
Capital expenditures |  |  | 4,874 |  |  |  | 320 |  |  |  | 2,436 |  |  |  | — |  |  |  | 7,630 |
Assets |  |  | 142,118 |  |  |  | 390,366 |  |  |  | 167,279 |  |  |  | — |  |  |  | 699,763 |
Property Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales price |  | $ | 19,182 |  |  | $ | 115,273 |  |  | $ | 8,091 |  |  | $ | — |  |  | $ | 142,546 |
Cost of sale |  |  | (9,168 | ) |  |  | (63,408 | ) |  |  | (7,530 | ) |  |  | — |  |  |  | (80,106 | )
Deferred current gain |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recognized prior deferred gain |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Gain on sale |  | $ | 10,014 |  |  | $ | 51,865 |  |  | $ | 561 |  |  | $ | — |  |  | $ | 62,440 |
|  | Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
For the Twelve Months Ended December 31, 2013 |  | Properties |  |  | Apartments |  |  | Land |  |  | Other |  |  | Total |
Operating revenue |  | $ | 24,215 |  |  | $ | 56,369 |  |  | $ | 39 |  |  | $ | 127 |  |  | $ | 80,750 |
Operating expenses |  |  | (11,623 | ) |  |  | (26,223 | ) |  |  | (1,431 | ) |  |  | (41 | ) |  |  | (39,318 | )
Depreciation and amortization |  |  | (5,938 | ) |  |  | (10,188 | ) |  |  | — |  |  |  | 172 |  |  |  | (15,954 | )
Mortgage and loan interest |  |  | (5,865 | ) |  |  | (18,474 | ) |  |  | (6,412 | ) |  |  | (8,359 | ) |  |  | (39,110 | )
Loan charges and prepayment penalties |  |  | (150 | ) |  |  | (3,937 | ) |  |  | (1,080 | ) |  |  | (390 | ) |  |  | (5,557 | )
Interest income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 19,445 |  |  |  | 19,445 |
Loss on land sales |  |  | — |  |  |  | — |  |  |  | (455 | ) |  |  | — |  |  |  | (455 | )
Segment operating income (loss) |  | $ | 639 |  |  | $ | (2,453 | ) |  | $ | (9,339 | ) |  | $ | 10,954 |  |  | $ | (199 | )
Capital expenditures |  |  | 6,964 |  |  |  | 315 |  |  |  | 387 |  |  |  | — |  |  |  | 7,666 |
Assets |  |  | 141,200 |  |  |  | 394,397 |  |  |  | 164,697 |  |  |  | — |  |  |  | 700,294 |
Property Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales price |  | $ | 26,974 |  |  | $ | 239,676 |  |  | $ | 7,186 |  |  | $ | — |  |  | $ | 273,836 |
Cost of sale |  |  | (14,914 | ) |  |  | (152,785 | ) |  |  | (7,641 | ) |  |  | — |  |  |  | (175,340 | )
Deferred current gain |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recognized prior deferred gain |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Gain (loss) on sale |  | $ | 12,060 |  |  | $ | 86,891 |  |  | $ | (455 | ) |  | $ | — |  |  | $ | 98,496 |
Schedule of Segment information to Consolidated Statements of Operations | The table below reconciles the segment information to the corresponding amounts in the Consolidated Statements of Operations (dollars in in thousands):
|  | For Twelve Months Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Segment operating income (loss) |  | $ | 14,613 |  |  | $ | (516 | ) |  | $ | (199 | )
Other non-segment items of income (expense) |  |  |  |  |  |  |  |  |  |  |  |
General and administrative |  |  | (6,893 | ) |  |  | (10,282 | ) |  |  | (7,919 | )
Provision on impairment of notes receivable and real estate assets |  |  | (5,300 | ) |  |  | — |  |  |  | (18,980 | )
Net income fee to related party |  |  | (492 | ) |  |  | (3,669 | ) |  |  | (4,089 | )
Advisory fee to related party |  |  | (9,775 | ) |  |  | (8,943 | ) |  |  | (10,166 | )
Other income |  |  | 4,106 |  |  |  | 1,415 |  |  |  | 10,163 |
Loss on sale of investments |  |  | (1 | ) |  |  | (92 | ) |  |  | (283 | )
Earnings from unconsolidated joint ventures and investees |  |  | 428 |  |  |  | 347 |  |  |  | 391 |
Litigation settlement |  |  | (352 | ) |  |  | 3,591 |  |  |  | (20,313 | )
Income tax benefit (expense) |  |  | (517 | ) |  |  | 20,413 |  |  |  | 40,513 |
Gain (loss) from continuing operations |  | $ | (4,183 | ) |  | $ | 2,264 |  |  | $ | (10,882 | )
Schedule of Segment information to Consolidated Balance Sheets | The table below reconciles the segment information to the corresponding amounts in the Consolidated Balance Sheets (dollars in thousands):
|  | For the Years Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Segment assets |  | $ | 853,507 |  |  | $ | 699,763 |  |  | $ | 700,294 |
Investments in unconsolidated subsidiaries and investees |  |  | 8,365 |  |  |  | 4,279 |  |  |  | 3,789 |
Notes and interest receivable |  |  | 120,243 |  |  |  | 134,366 |  |  |  | 136,815 |
Other assets and receivables |  |  | 124,393 |  |  |  | 127,090 |  |  |  | 102,424 |
Total assets |  | $ | 1,106,508 |  |  | $ | 965,498 |  |  | $ | 943,322 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599 + Details
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