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NOTES AND INTEREST PAYABLE (Table)
 12 Months Ended
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