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v3.19.2

OPERATING SEGMENTS (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues | $ 11,840 | $ 31,607 | $ 23,769 | $ 62,690 |
Property operating expenses | (7,323) | (15,550) | (13,320) | (29,974) |
Depreciation | (3,439) | (6,504) | (6,548) | (12,895) |
Loss on the sale of income producing property | (80) |  | (80) |  |
Segment operating (loss) income | (4,377) | 3,617 | (6,112) | 8,535 |
Segment assets | 383,422 |  | 383,422 |  | $ 381,043
Operating Segments [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues | 11,840 | 31,607 | 23,769 | 62,690 |
Property operating expenses | (7,323) | (15,550) | (13,320) | (29,974) |
Depreciation | (3,439) | (6,504) | (6,548) | (12,895) |
Mortgage and loan interest | (9,408) | (15,907) | (19,376) | (31,631) |
Interest income | 6,505 | 4,882 | 12,658 | 9,991 |
Loss on the sale of income producing property | (80) |  | (80) |  |
Gain on land sales | 2,517 |  | 4,733 | 1,335 |
Segment operating (loss) income | 612 | (1,472) | 1,836 | (484) |
Capital expenditures | 10,295 | 2,092 | 24,311 | 2,725 |
Segment assets | 383,422 | 1,010,244 | 383,422 | 1,010,244 |
Property Sales |  |  |  |  |
Sales price | 9,497 | 2,313 | 18,212 | 18,064 |
Cost of sale | (7,060) | (2,313) | (13,559) | (16,729) |
Gain (loss) on sale | 2,437 |  | 4,653 | 1,335 |
Commercial Properties [Member] | Operating Segments [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues | 8,020 | 7,404 | 16,247 | 14,959 |
Property operating expenses | (4,410) | (4,238) | (8,346) | (7,986) |
Depreciation | (2,732) | (2,323) | (5,107) | (4,616) |
Mortgage and loan interest | (1,947) | (1,893) | (3,914) | (3,742) |
Segment operating (loss) income | (1,069) | (1,050) | (1,120) | (1,385) |
Capital expenditures | 346 | 2,092 | 4,045 | 2,725 |
Segment assets | 152,863 | 135,288 | 152,863 | 135,288 |
Property Sales |  |  |  |  |
Sales price |  | 2,313 |  | 2,313 |
Cost of sale |  | (2,313) |  | (2,313) |
Apartments [Member] | Operating Segments [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues | 3,818 | 24,201 | 7,518 | 47,726 |
Property operating expenses | (2,018) | (11,199) | (4,076) | (21,782) |
Depreciation | (707) | (4,195) | (1,441) | (8,344) |
Mortgage and loan interest | (1,003) | (5,342) | (1,937) | (10,798) |
Loss on the sale of income producing property | (80) |  | (80) |  |
Segment operating (loss) income | 10 | 3,465 | (16) | 6,802 |
Capital expenditures | 9,596 |  | 17,434 |  |
Segment assets | 151,688 | 762,410 | 151,688 | 762,410 |
Property Sales |  |  |  |  |
Sales price | 3,096 |  | 3,096 | 8,512 |
Cost of sale | (3,176) |  | (3,176) | (8,512) |
Gain (loss) on sale | (80) |  | (80) |  |
Land [Member] | Operating Segments [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues |  |  |  | 1 |
Property operating expenses | (88) | (135) | (45) | 134 |
Mortgage and loan interest | (41) | 65 | (370) | (130) |
Gain on land sales | 2,517 |  | 4,733 | 1,335 |
Segment operating (loss) income | 2,388 | (70) | 4,318 | 1,072 |
Capital expenditures | 353 |  | 2,832 |  |
Segment assets | 78,871 | 111,899 | 78,871 | 111,899 |
Property Sales |  |  |  |  |
Sales price | 7,602 |  | 16,317 | 7,239 |
Cost of sale | (5,085) |  | (11,584) | (5,904) |
Gain (loss) on sale | 2,517 |  | 4,733 | 1,335 |
Other [Member] | Operating Segments [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues | 2 | 2 | 4 | 4 |
Property operating expenses | (807) | 22 | (853) | (72) |
Depreciation |  | 14 |  | 65 |
Mortgage and loan interest | (6,417) | (8,737) | (13,155) | (16,961) |
Interest income | 6,505 | 4,882 | 12,658 | 9,991 |
Segment operating (loss) income | $ (717) | (3,817) | $ (1,346) | (6,973) |
Segment assets |  | $ 647 |  | $ 647 |

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