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REAL ESTATE ACTIVITY (Tables)
3 Months Ended
Mar. 31, 2020
Real Estate [Abstract]  
Schedule of the real estate owned

Below is a summary of the real estate owned as of March 31, 2020 and December 31, 2019 (dollars in thousands): 

 

    March 31,     December 31,  
    2020     2019  
Apartments   $              157,753     $              156,173  
Apartments under construction     33,166       22,363  
Commercial properties     230,133       229,424  
Land held for development     61,782       62,037  
Real estate subject to sales contract     6,887       7,966  
Total real estate, at cost, less impairment   $              489,721     $              477,963  
Less accumulated deprecation     (93,144 )     (90,173 )
Total real estate, net of depreciation   $              396,577     $              387,790