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OPERATING SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Schedule of operating segment, including segment assets and expenditures

Presented below is our reportable segments’ operating income for the three months ended March 31, 2019 and 2018, including segment assets and expenditures (dollars in thousands):

		Commercial
For the Three Months Ended March 31, 2019		Properties				Apartments				Land				Other				Total
Rental and other property revenues		$	8,227			$	3,700			$	—			$	2			$	11,929
Property operating expenses			(3,936	)			(2,058	)			43				(46	)			(5,997	)
Depreciation			(2,375	)			(734	)			—				—				(3,109	)
Mortgage and loan interest			(1,967	)			(934	)			(329	)			(6,738	)			(9,968	)
Interest income			—				—				—				6,153				6,153
Gain on land sales			—				—				2,216				—				2,216
Segment operating (loss) income		$	(51	)		$	(26	)		$	1,930			$	(629	)		$	1,224
Capital expenditures			3,690				—				5,167				—				8,857
Real estate assets			154,791				150,841				80,845								386,477
Property Sales
Sales price		$	—			$	—			$	8,715			$	—			$	8,715
Cost of sale			—				—				(6,499	)			—				(6,499	)
Gain on sale		$	—			$	—			$	2,216			$	—			$	2,216

		Commercial
For the Three Months Ended March 31, 2018		Properties				Apartments				Land				Other				Total
Rental and other property revenues		$	7,555			$	23,525			$	1			$	2			$	31,083
Property operating expenses			(3,749	)			(10,582	)			—				(93	)			(14,424	)
Depreciation			(2,292	)			(4,149	)			—				50				(6,391	)
Mortgage and loan interest			(1,849	)			(5,456	)			(195	)			(8,224	)			(15,724	)
Interest income			—				—				—				5,109				5,109
Gain on land sales			—				—				1,335				—				1,335
Segment operating (loss) income		$	(335	)		$	3,338			$	1,141			$	(3,156	)		$	988
Capital expenditures			633				—				—				—				633
Real estate assets			135,799				726,244				116,436				651				979,130
Property Sales
Sales price		$	—			$	8,512			$	7,239			$	—			$	15,751
Cost of sale			—				(8,512	)			(5,904	)			—				(14,416	)
Gain on sale		$	—			$	—			$	1,335			$	—			$	1,335

Schedule of reconciliaton of segment information to consolidated statements of operations

The table below reflects the reconciliation of segment information to the corresponding amounts in the Consolidated Statements of Operations for the three months ended March 31, 2019 and 2018 (dollars in thousands):

		For the Three Months Ended
		March 31,
		2019				2018
Segment operating income		$	1,224			$	988
Other non-segment items of income (expense)
General and administrative			(2,605	)			(2,341	)
Net income fee to related party			(100	)			(53	)
Advisory fee to related party			(1,853	)			(2,956	)
Other income			(2,151	)			3,657
Loss from joint venture			(1,055	)			—
Earnings from unconsolidated investees			58				320
Net loss from continuing operations		$	(6,482	)		$	(385	)

Schedule of reconciliaton segment information to consolidated balance sheets

The table below reflects a reconciliation of the segment information to the corresponding amounts in the Consolidated Balance Sheets (dollars in thousands):

		As of March 31,
		2019				2018
Segment assets		$	386,477			$	979,130
Investments in unconsolidated investees			75,634				6,716
Notes and interest receivable			124,462				128,756
Other assets			228,240				197,721
Total assets		$	814,813			$	1,312,323

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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