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OPERATING SEGMENTS (Table)

12 Months Ended

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