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OPERATING SEGMENTS (Tables)
 9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Schedule of operating segment information

Presented below is the operating segment information for the three months ended September 30, 2017 and 2016 (dollars in thousands):

 

For the Three Months Ended September 30, 2017   Land     Other     Total  
Operating revenues   $ —     $ —     $ —  
Interest income             924       924  
Segment operating income (loss)   $ —     $ 924     $ 924  
                         
Real estate assets   $ 22,717     $ —     $ 22,717  

 

For the Three Months Ended September 30, 2016   Land     Other     Total  
Operating revenues   $ —     $ —     $ —  
Interest income     —       1,095       1,095  
Segment operating income (loss)   $ —     $ 1,095     $ 1,095  
                         
Real estate assets   $ 22,717     $ —     $ 22,717  
Schedule of segment information to the corresponding amounts in the consolidated statements of operations

The table below reflects the reconciliation of the segment information to the corresponding amounts in the Consolidated Statements of Operations (dollars in thousands):

  

    For the Three Months Ended  
  September 30,  
    2017     2016  
Segment operating income   $ 924     $ 1,095  
Other non-segment items of income (expense):                
General and administrative     (93 )     (114 )
Net income fee     (53 )     (67 )
Advisory fee to related party     (166 )     (162 )
Net income   $ 612     $ 752  

 

Presented below is the operating segment information for the nine months ended September 30, 2017 and 2016 (dollars in thousands):

 

For the Nine Months Ended September 30, 2017   Land     Other     Total  
Rental and other property revenues   $ —     $ —     $ —  
Interest income from related parties     —       3,133       3,133  
Segment operating income   $ —     $ 3,133     $ 3,133  
                         
Real estate assets   $ 22,717     $ —     $ 22,717  

 

For the Nine Months Ended September 30, 2016   Land     Other     Total  
Rental and other property revenues   $ —     $ —     $ —  
Interest income from related parties     —       3,389       3,389  
Segment operating income   $ —     $ 3,389     $ 3,389  
                         
Real estate assets   $ 22,717     $ —     $ 22,717  

 

The table below reflects the reconciliation of the segment information to the corresponding amounts in the Consolidated Statements of Operations (dollars in thousands):

 

    Nine Months Ended September 30,  
    2017     2016  
Segment operating income   $ 3,133     $ 3,389  
Other non-segment items of income (expense)                
General and administrative     (342 )     (333 )
Net income fee to related party     (189 )     (193 )
Advisory fee to related party     (493 )     (475 )
Other income     250       —  
Net income from continuing operations   $ 2,359     $ 2,388  
Schedule of segment information to the corresponding amounts in the consolidated balance sheets

The table below reflects the reconciliation of the segment information to the corresponding amounts in the Consolidated Balance Sheets (dollars in thousands):

 

    As of September 30,  
    2017     2016  
Real estate assets   $ 22,717     $ 22,717  
Notes and interest receivable     13,577       22,931  
Other assets     52,444       41,044  
Total assets   $ 88,738     $ 86,692