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REAL ESTATE ACTIVITY (Tables)

6 Months Ended

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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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.

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