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REAL ESTATE ACTIVITY (Tables) | 6 Months Ended
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Jun. 30, 2018
Real Estate [Abstract] |
Schedule of real estate owned | Below is a summary of the real estate owned as of June 30, 2018 (dollars in thousands):
Apartments |  | $ | 730,045 |
Apartments under construction |  |  | 152,943 |
Commercial properties |  |  | 202,367 |
Land held for development |  |  | 62,257 |
Real estate subject to sales contract |  |  | 46,262 |
Total real estate |  | $ | 1,193,874 |
Less accumulated depreciation |  |  | (183,630 | )
Total real estate, net of depreciation |  | $ | 1,010,244 |

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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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