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NOTES AND INTEREST PAYABLE (Table) | 12 Months Ended
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Dec. 31, 2015
Debt Disclosure [Abstract] |
Schedule of Notes And Interest Payable | Below is a summary of our notes and interest payable as of December 31, 2015 (dollars in thousands):
|  | Notes |  | Accrued |  |  |  |
|  | Payable |  |  | Interest |  |  | Total Debt |
Apartments |  | $ | 507,498 |  |  | $ | 1,499 |  |  | $ | 508,997 |
Apartment under construction |  |  | 11,139 |  |  |  | — |  |  |  | 11,139 |
Commercial |  |  | 109,269 |  |  |  | 509 |  |  |  | 109,778 |
Land held for development |  |  | 44,417 |  |  |  | 116 |  |  |  | 44,533 |
Real estate subject to sales contract |  |  | 5,953 |  |  |  | 469 |  |  |  | 6,422 |
Mezzanine financing |  |  | 122,900 |  |  |  | — |  |  |  | 122,900 |
Other |  |  | 20,334 |  |  |  | 727 |  |  |  | 21,061 |
Total |  | $ | 821,510 |  |  | $ | 3,320 |  |  | $ | 824,830 |
Unamortized deferred borrowing costs |  |  | (20,070 | ) |  |  | — |  |  |  | (20,070 | )
Total |  |  | 801,440 |  |  |  | 3,320 |  |  |  | 804,760
Schedule of the principal payments on the notes payable | The following table schedules the principal payments on the notes payable for the next five years and thereafter (dollars in thousands):
Year |  |  | Amount |
2016 |  |  | $ | 96,535 |
2017 |  |  |  | 31,236 |
2018 |  |  |  | 43,890 |
2019 |  |  |  | 34,623 |
2020 |  |  |  | 127,370 |
Thereafter |  |  |  | 487,856 |
Total |  |  | $ | 821,510 |

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- Definition Tabular disclosure of the aggregate amount of payments due on known contractual obligations for the five years following the date of the latest balance sheet and the combined aggregate amount of maturities of known contractual obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph a -Subparagraph 5 + Details
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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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