XML 78 R67.htm IDEA: XBRL DOCUMENT v3.3.1.900
OPERATING SEGMENTS (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Segment Reporting Information [Line Items]                              
Operating revenue $ 28,965 $ 27,826 $ 24,241 $ 23,156 $ 21,427 $ 19,326 $ 19,500 $ 19,159 $ 22,939 $ 19,530 $ 19,193 $ 19,088 $ 104,188 $ 79,412 $ 80,750
Operating expenses                         (54,002) (42,124) (39,318)
Loan charges and prepayment penalties                         (4,965) (2,854) (5,557)
Interest income                         16,674 20,054 19,445
Gain on land sales 13,787 1,958 3,027 2,876 (73) 40 (159) 753 (1,018) 598   (35) 21,648 561 (455)
Segment operating income (loss) (1,631) $ 2,085 $ 3,853 $ 2,001 (3,455) $ 468 $ (414) $ 202 (16,938) $ (541) $ 553 $ 1,250 6,308 (3,199) (15,676)
Assets 853,507       699,763               853,507 699,763  
Property Sales                              
Cost of sale                         (38,785) (92,467) (229,661)
Gain (loss) on sale                         735 61,879 98,951
Commercial Properties [Member]                              
Segment Reporting Information [Line Items]                              
Operating revenue                         30,540 20,476 24,215
Operating expenses                         (17,761) (13,127) (11,623)
Depreciation and amortization                         (8,993) (7,413) (5,938)
Mortgage and loan interest                         (6,919) (6,026) (5,865)
Loan charges and prepayment penalties                           (113) (150)
Segment operating income (loss)                         (3,133) (6,203) 639
Capital expenditures                         8,133 4,874 6,964
Assets 155,147       142,118       141,200       155,147 142,118 141,200
Property Sales                              
Sales price                           19,182 26,974
Cost of sale                           (9,168) (14,914)
Gain (loss) on sale                           10,014 12,060
Apartments [Member]                              
Segment Reporting Information [Line Items]                              
Operating revenue                         73,543 58,882 56,369
Operating expenses                         (34,955) (27,588) (26,223)
Depreciation and amortization                         (12,498) (10,270) (10,188)
Mortgage and loan interest                         (18,767) (16,777) (18,474)
Loan charges and prepayment penalties                         (4,932) (2,625) (3,937)
Segment operating income (loss)                         2,391 1,622 (2,453)
Capital expenditures                         506 320 315
Assets 551,415       390,366       394,397       551,415 390,366 394,397
Property Sales                              
Sales price                         11,129 115,273 239,676
Cost of sale                         (10,394) (63,408) (152,785)
Gain (loss) on sale                         735 51,865 86,891
Land [Member]                              
Segment Reporting Information [Line Items]                              
Operating revenue                           1 39
Operating expenses                         (1,029) $ (1,397) (1,431)
Depreciation and amortization                            
Mortgage and loan interest                         (4,694) $ (4,619) (6,412)
Loan charges and prepayment penalties                           (66) (1,080)
Gain on land sales                         21,648 561 (455)
Segment operating income (loss)                         15,925 (5,520) (9,339)
Capital expenditures                         2,621 2,436 387
Assets 146,945       167,279       164,697       146,945 167,279 164,697
Property Sales                              
Sales price                         107,298 8,091 7,186
Cost of sale                         (88,387) (7,530) (7,641)
Recognized prior deferred gain                         2,737    
Gain (loss) on sale                         21,648 561 (455)
Other [Member]                              
Segment Reporting Information [Line Items]                              
Operating revenue                         105 53 127
Operating expenses                         (257) (12) (41)
Depreciation and amortization                         73 90 172
Mortgage and loan interest                         (17,132) (10,550) (8,359)
Loan charges and prepayment penalties                         (33) (50) (390)
Interest income                         16,674 20,054 19,445
Segment operating income (loss)                         (570) 9,585 10,954
Total Segments [Member]                              
Segment Reporting Information [Line Items]                              
Operating revenue                         104,188 79,412 80,750
Operating expenses                         (54,002) (42,124) (39,318)
Depreciation and amortization                         (21,418) (17,593) (15,954)
Mortgage and loan interest                         (47,512) (37,972) (39,110)
Loan charges and prepayment penalties                         (4,965) (2,854) (5,557)
Interest income                         16,674 20,054 19,445
Gain on land sales                         21,648 561 (455)
Segment operating income (loss)                         14,613 (516) (199)
Capital expenditures                         11,260 7,630 7,666
Assets $ 853,507       $ 699,763       $ 700,294       853,507 699,763 700,294
Property Sales                              
Sales price                         118,427 142,546 273,836
Cost of sale                         (98,781) (80,106) (175,340)
Recognized prior deferred gain                         2,737    
Gain (loss) on sale                         $ 22,383 $ 62,440 $ 98,496