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REAL ESTATE ACTIVITY (Tables) | 3 Months Ended
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Mar. 31, 2016
Real Estate [Abstract] |
Schedule of the real estate owned | Below is a summary of the real estate owned as of March 31, 2016 (dollars in thousands):
Apartments |  | $ | 622,761 |
Apartments under construction |  |  | 26,625 |
Commercial properties |  |  | 215,184 |
Land held for development |  |  | 96,978 |
Land subject to sales contract |  |  | 49,155 |
Total real estate |  | $ | 1,010,703 |
Less accumulated depreciation |  |  | (155,332 | )
Total real estate, net of depreciation |  | $ | 855,371

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- Definition Tabular disclosure of nonconsolidated investments in real estate including interests in corporations, partnerships and joint ventures. Disclosures may include summarized aggregate financial statements for the real estate investments. + References No definition available. + Details
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