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OPERATING SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2020

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, 2020 and 2019, including segment assets and expenditures (dollars in thousands):

		Commercial
For the Three Months Ended March 31, 2020		Properties				Apartments				Land				Other				Total
Rental and other property revenues		$	7,884			$	4,032			$	—			$	2			$	11,918
Property operating expenses			(4,109	)			(1,930	)			(99	)			(172	)			(6,310	)
Depreciation			(2,522	)			(872	)											(3,394	)
Mortgage and loan interest			(1,371	)			(1,172	)			(281	)			(6,778	)			(9,602	)
Interest income			—				—				—				5,754				5,754
Gain on land sales			—				—				4,138				—				4,138
Segment operating (loss) income		$	(118	)		$	58			$	3,758			$	(1,194	)		$	2,504
Capital expenditures		$	709			$	7,033			$	2,000			$	—				9,742
Real estate assets		$	148,424			$	179,484			$	68,669			$	—				396,577
Property Sales
Sales price		$	—			$	—			$	5,712			$	—			$	5,712
Cost of sale			—				—				(1,574	)			—				(1,574	)
Gain on sale		$	—			$	—			$	4,138			$	—			$	4,138

		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

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, 2020 and 2019 (dollars in thousands):

	For the Three Months Ended
	March 31,
	2020				2019
Segment operating income	$	2,504			$	1,224
Other non-segment items of income (expense)
General and administrative		(2,795	)			(2,480	)
Franchise taxes and other expenses		(1,496	)			(125	)
Net income fee to related party		(86	)			(100	)
Advisory fee to related party		(2,287	)			(1,853	)
Other income		1,212				3,667
Foreign Currency Transaction gain (loss)		7,843				(5,818	)
Loss from joint venture		(376	)			(1,055	)
Earnings from unconsolidated investees		116				58
Net income (loss) from continuing operations	$	4,635			$	(6,482	)

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,
	2020				2019
Segment assets	$	396,577			$	386,477
Investments in unconsolidated investees		62,131				75,634
Notes and interest receivable		158,361				124,462
Other assets		198,002				228,240
Total assets	$	815,071			$	814,813

X

- 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 all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

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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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