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NOTES AND INTEREST PAYABLE (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Notes and Interest Payable

Below is a summary of our notes and interest payable as of December 31, 2017 (dollars in thousands):

		Notes Payable				Accrued Interest				Total Debt
Apartments		$	566,576			$	1,585			$	568,161
Apartments under Construction		$	78,683			$	113			$	78,796
Commercial		$	126,955			$	622			$	127,577
Land		$	22,888			$	203			$	23,091
Real estate subject to sales contract		$	1,449			$	508			$	1,957
Mezzanine financing		$	110,172			$	453			$	110,625
Other		$	10,013			$	101			$	10,114
Total		$	916,736			$	3,585			$	920,321
Unamortized deferred borrowing costs			(19,237	)			—				(19,237	)
		$	897,499			$	3,585			$	901,084

Schedule of the principal payments on the notes payable

The following table summarizes our contractual obligations for principal payments as of December 31, 2017 (dollars in thousands):

Year				Amount
	2018			$	86,323
	2019				101,134
	2020				64,255
	2021				48,806
	2022				11,204
	Thereafter				605,013
	Total			$	916,736

X

- Definition

Tabular disclosure of the aggregate amount of payments due on known contractual obligations for the five years following the date of the latest balance sheet and the combined aggregate amount of maturities of known contractual obligations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 303
-Paragraph a
-Subparagraph 5

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

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