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REAL ESTATE ACTIVITY (Tables) | 9 Months Ended
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Sep. 30, 2016
Real Estate [Abstract] |
Schedule of the real estate owned | Below is a summary of the real estate owned as of September 30, 2016 (dollars in thousands):
Apartments |  | $ | 661,003 |
Apartments under construction |  |  | 52,035 |
Commercial properties |  |  | 217,974 |
Land held for development |  |  | 95,223 |
Real estate subject to sales contract |  |  | 49,155 |
Total real estate |  | $ | 1,075,390 |
Less accumulated depreciation |  |  | (165,681 | )
Total real estate, net of depreciation |  | $ | 909,709 |

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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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