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REAL ESTATE ACTIVITY (Tables)

3 Months Ended

Mar. 31, 2019

Real Estate [Abstract]

Schedule of the real estate owned

Below is a summary of the real estate owned as of March 31, 2019 (dollars in thousands): 

		March 31,
		2019
Apartments		$	111,537
Apartments under construction			35,608
Commercial properties			227,861
Land held for development			74,001
Real estate subject to sales contract			3,488
Real estate subject to sales contract			14,737
Total real estate, at cost, less impairment		$	467,232
Less accumulated deprecation			(80,755	)
Total real estate, net of depreciation		$	386,477

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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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