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NOTES AND INTEREST PAYABLE (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of notes and interest payable

Below is a summary of our notes and interest payable as of December 31, 2019 and 2018 (dollars in thousands): 

 

    December 31,  
    2019     2018  
Apartments   $ 120,024     $ 94,759  
Apartments under Construction     9,017       14,402  
Commercial     92,838       136,327  
Land      19,128       27,520  
Corporate and other notes     20,429       22,527  
Total notes payable   $ 261,436     $ 295,535  
Less: unamortized deferred borrowing costs     (7,342 )     (9,428 )
Total outstanding notes payable, net   $ 254,094     $ 286,107  
Accrued Interest     779       861  
Total notes payable, net and accrued interest   $ 254,873     $ 286,968
Schedule of the principal payments on the notes payable

The following table summarizes our contractual obligations for principal payments as of December 31, 2019 (dollars in thousands): 

 

Year   Amount  
2020   $ 34,304  
2021     55,393  
2022     13,437  
2023     36,770  
2024     1,995  
Thereafter     119,537  
Total   $ 261,436