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REAL ESTATE ACTIVITY (Tables) | 6 Months Ended
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Jun. 30, 2016
Real Estate [Abstract] |
Schedule of the real estate owned | Below is a summary of the real estate owned as of June 30, 2016 (dollars in thousands):
Apartments |  | $ | 653,451 |
Apartments under construction |  |  | 46,196 |
Commercial properties |  |  | 215,932 |
Land held for development |  |  | 96,661 |
Real estate subject to sales contract |  |  | 49,155 |
Total real estate |  | $ | 1,061,395 |
Less accumulated depreciation |  |  | (159,991 | )
Total real estate, net of depreciation |  | $ | 901,404 |

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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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