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REAL ESTATE (Tables)
12 Months Ended
Dec. 31, 2017
Real Estate [Abstract]  
Schedule of real estate owned

A summary of our real estate owned as of the end of the year is listed below (dollars in thousands):

 

    2017     2016  
         
Apartments   $ 733,620     $ 694,351  
Apartments under construction     105,451       25,288  
Commercial properties     200,797       218,857  
Land held for development     77,560       79,188  
Real estate held for sale            
Real estate subject to sales contract     48,234       48,919  
Total real estate, at cost, less impairment     1,165,663       1,066,603  
Less accumulated deprecation     (177,546 )     (165,597 )
Total real estate, net of depreciation   $ 988,117     $ 901,006  
Schedule of assets measures in recurring and non recurring basis

      Fair Value Measurements Using (dollars in thousands):  
December 31, 2015   Fair Value     Level 1     Level 2     Level 3  
  Commercial     $ 3,000     $     $     $ 3,000