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NOTES AND INTEREST RECEIVABLE (Tables)
 12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Schedule of notes receivable

A majority of the notes receivable provide for principal to be paid at maturity (dollars in thousands).

 

      Borrower   Maturity Date     Interest Rate     Amount     Security  
Performing loans:                            
H198, LLC (Las Vegas Land)     01 /20     12.00 %   $ 5,907     Secured
Leman Development, Ltd (2)     N/A     0.00 %     1,500     Unsecured
Oulan-Chikh Family Trust     03 /21     8.00 %     174     Secured
Unified Housing Foundation, Inc. (Cliffs of El Dorado) (1)     12 /32     12.00 %     —     Secured
Unified Housing Foundation, Inc. (Echo Station) (1)     12 /32     12.00 %     1,481     Secured
Unified Housing Foundation, Inc. (Inwood on the Park) (1)     12 /32     12.00 %     3,639     Secured
Unified Housing Foundation, Inc. (Kensington Park) (1)     12 /32     12.00 %     3,933     Secured
Unified Housing Foundation, Inc.  (Lakeshore Villas) (1)     12 /32     12.00 %     2,000     Secured
Unified Housing Foundation, Inc.  (Lakeshore Villas) (1)     12 /32     12.00 %     9,101     Secured
Unified Housing Foundation, Inc. (Limestone Canyon) (1)     12 /32     12.00 %     —     Secured
Unified Housing Foundation, Inc. (Limestone Canyon) (1)     12 /32     12.00 %     —     Secured
Unified Housing Foundation, Inc. (Limestone Ranch) (1)     12 /32     12.00 %     1,953     Secured
Unified Housing Foundation, Inc. (Limestone Ranch) (1)     12 /32     12.00 %     6,000     Secured
Unified Housing Foundation, Inc. (Parkside Crossing) (1)     12 /32     12.00 %     —     Secured
Unified Housing Foundation, Inc. (Reserve at White Rock Phase I) (1)     12 /32     12.00 %     2,485     Secured
Unified Housing Foundation, Inc. (Reserve at White Rock Phase II) (1)     12 /32     12.00 %     2,555     Secured
Unified Housing Foundation, Inc. (Sendero Ridge) (1)     12 /32     12.00 %     —     Secured
Unified Housing Foundation, Inc. (Sendero Ridge) (1)     12 /32     12.00 %     —     Secured
Unified Housing Foundation, Inc. (Timbers of Terrell) (1)     12 /32     12.00 %     1,323     Secured
Unified Housing Foundation, Inc. (Tivoli) (1)     12 /32     12.00 %     7,965     Secured
Unified Housing Foundation, Inc. (Trails at White Rock) (1)     12 /32     12.00 %     3,815     Secured
Unified Housing Foundation, Inc. (1)     12 /17     12.00 %     —     Unsecured
Unified Housing Foundation, Inc. (1)     12 /18     12.00 %     3,994     Unsecured
Unified Housing Foundation, Inc. (1)     12 /18     12.00 %     6,407     Unsecured
Unified Housing Foundation, Inc. (1)     06 /20     12.00 %     5,760     Unsecured
Unified Housing Foundation, Inc. (1)     12 /16     12.00 %     —     Unsecured
Unified Housing Foundation, Inc. (1)     06 /19     12.00 %     —     Unsecured
Other related party notes     Various     Various       1,349     Various secured interests
Other related party notes     Various     Various       465     Various unsecured interests
Other non-related party notes     Various     Various       3,466     Various secured interests
Other non-related party notes     Various     Various       15,252     Various unsecured interests
Accrued interest                     7,249      
Total Performing                   $ 97,775      
                             
Non- Performing                        
One Realco Corporation (1,2)     01/17       3.00%        7,000       Unsecured
Realty Advisors Management, Inc. (1)     12/16       2.28%        20,387       Unsecured  
Accrued Interest               2,703         
Total Non-Performing                $ 30,090       Unsecured  
                             
Allowance for estimated losses                     (15,770 )    
Total                   $ 112,095      

 

(1) Related party notes
(2) An allowance was taken for estimated losses at full value of note.