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v3.20.2

OPERATING SEGMENTS (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues | $ 11,947 | $ 11,840 | $ 23,865 | $ 23,769 |
Property operating expenses | (5,810) | (7,323) | (12,120) | (13,320) |
Depreciation | (3,418) | (3,439) | (6,812) | (6,548) |
Gain on land sales | 5,339 | 2,517 | 9,477 | 4,733 |
Segment operating (loss) income | (1,303) | (4,377) | (5,753) | (6,112) |
Total real estate | 394,944 |  | 394,944 |  | $ 387,790
Operating Segments [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues | 11,947 | 11,840 | 23,865 | 23,769 |
Property operating expenses | (5,810) | (7,323) | (12,120) | (13,320) |
Depreciation | (3,418) | (3,439) | (6,812) | (6,548) |
Mortgage and loan interest | (9,071) | (9,408) | (18,673) | (19,376) |
Interest income | 5,284 | 6,505 | 11,038 | 12,658 |
Loss on sale of income producing property |  | (80) |  | (80) |
Gain on land sales | 5,339 | 2,517 | 9,477 | 4,733 |
Segment operating (loss) income | 4,271 | 612 | 6,775 | 1,836 |
Capital expenditures | 8,296 | 10,295 | 18,038 | 24,311 |
Total real estate | 394,944 | 383,422 | 394,944 | 383,422 |
Property Sales |  |  |  |  |
Sales price | 8,903 | 9,497 | 14,615 | 18,212 |
Cost of sale | (3,564) | (7,060) | (5,138) | (13,559) |
Gain on sale | 5,339 | 2,437 | 9,477 | 4,653 |
Commercial Properties [Member] | Operating Segments [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues | 7,863 | 8,020 | 15,747 | 16,247 |
Property operating expenses | (4,071) | (4,410) | (8,181) | (8,346) |
Depreciation | (2,480) | (2,732) | (5,002) | (5,107) |
Mortgage and loan interest | (1,346) | (1,947) | (2,717) | (3,914) |
Segment operating (loss) income | (34) | (1,069) | (153) | (1,120) |
Capital expenditures | 232 | 346 | 941 | 4,045 |
Total real estate | 146,576 | 152,863 | 146,576 | 152,863 |
Apartments [Member] | Operating Segments [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues | 4,084 | 3,818 | 8,116 | 7,518 |
Property operating expenses | (1,930) | (2,018) | (3,860) | (4,076) |
Depreciation | (938) | (707) | (1,810) | (1,441) |
Mortgage and loan interest | (1,177) | (1,003) | (2,349) | (1,937) |
Loss on sale of income producing property |  | (80) |  | (80) |
Segment operating (loss) income | 39 | 10 | 97 | (16) |
Capital expenditures | 7,400 | 9,596 | 14,433 | 17,434 |
Total real estate | 180,835 | 151,688 | 180,835 | 151,688 |
Property Sales |  |  |  |  |
Sales price | 2,426 | 3,695 | 2,426 | 3,695 |
Cost of sale | (2,426) | (3,775) | (2,426) | (3,775) |
Gain on sale |  | (80) |  | (80) |
Land [Member] | Operating Segments [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Property operating expenses | (95) | (88) | (193) | (45) |
Mortgage and loan interest | (293) | (41) | (574) | (370) |
Gain on land sales | 5,339 | 2,517 | 9,477 | 4,733 |
Segment operating (loss) income | 4,951 | 2,388 | 8,710 | 4,318 |
Capital expenditures | 664 | 353 | 2,664 | 2,832 |
Total real estate | 67,533 | 78,871 | 67,533 | 78,871 |
Property Sales |  |  |  |  |
Sales price | 6,477 | 5,802 | 12,189 | 14,517 |
Cost of sale | (1,138) | (3,285) | (2,712) | (9,784) |
Gain on sale | 5,339 | 2,517 | 9,477 | 4,733 |
Other [Member] | Operating Segments [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues |  | 2 | 2 | 4 |
Property operating expenses | 286 | (807) | 114 | (853) |
Mortgage and loan interest | (6,255) | (6,417) | (13,033) | (13,155) |
Interest income | 5,284 | 6,505 | 11,038 | 12,658 |
Segment operating (loss) income | $ (685) | $ (717) | $ (1,879) | $ (1,346) |

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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585 + Details
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- Definition Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(d)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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