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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flow From Operating Activities:    
Net income (loss) $ 5,910 $ (17,228)
Adjustments to reconcile net income (loss) applicable to common shares to net cash provided by (used in) operating activities:    
(Gain) loss on sale of land (1,335) 31
Depreciation and amortization 12,895 12,739
Amortization of deferred borrowing costs 1,394 2,131
Amortization of bond issuance costs 728 462
Earnings from unconsolidated subsidiaries and investees (597) (207)
(Increase) decrease in assets:    
Accrued interest receivable (1,154) 4,053
Other assets 4,791 (477)
Prepaid expense 1,597 (4,195)
Rent receivables 269 (1,669)
Related party receivables (18,070) (4,930)
Increase (decrease) in liabilities:    
Accrued interest payable (1,040) 141
Other liabilities (2,442) 6,781
Net cash provided by (used in) operating activities 2,946 (2,368)
Cash Flow From Investing Activities:    
Proceeds from notes receivables 6,541 19,753
Origination of notes receivables (14,557) (4,116)
Acquisition of land held for development (11,440)
Proceeds from sale of income producing properties 2,706
Proceeds from sale of land 3,649 1,596
Improvement of land held for development (585)
Improvement of income producing properties (2,725) (1,895)
Construction and development of new properties (47,452) (26,708)
Net cash used in investing activities (51,838) (23,395)
Cash Flow From Financing Activities:    
Proceeds from bonds 39,399 102,364
Bond issuance costs (2,022) 6,253
Proceeds from notes payable 44,707 82,865
Recurring payment of principal on notes payable (11,762) (12,083)
Payments on maturing notes payable (16,750) (113,838)
Deferred financing costs 676
Preferred stock dividends - Series A (450) (550)
Net cash provided by financing activities 53,122 65,687
Net increase in cash and cash equivalents 4,230 39,924
Cash and cash equivalents, beginning of period 88,538 55,921
Cash and cash equivalents, end of period 92,768 95,845
Supplemental disclosures of cash flow information:    
Cash paid for interest 31,029 28,065
Schedule of noncash investing and financing activities:    
Notes receivable received from sale of income-producing properties 31,029 28,065
Seller financing note - acquisition of income-producing properties 31,029 28,065
Notes payable issued on acquisition of income-producing properties $ 31,029 $ 28,065