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REAL ESTATE ACTIVITY (Tables)

9 Months Ended

Sep. 30, 2018

Real Estate [Abstract]

Schedule of real estate owned

Below is a summary of the real estate owned as of September 30, 2018 (dollars in thousands):

Apartments		$	87,834
Apartments under construction			19,502
Commercial properties			203,329
Real estate held for sale		$	841,207
Land held for development			84,926
Land subject to sales contract			3,280
Total real estate		$	1,240,078
Less accumulated depreciation			(190,088	)
Total real estate, net of depreciation		$	1,049,990

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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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