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OPERATING SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Schedule of operating segment information

Presented below is the operating segment information for the three months ended September 30, 2018 and 2017 (dollars in thousands):

For the Three Months Ended September 30, 2018		Land				Other				Total
Operating revenues		$	—			$	—			$	—
Interest income from related parties			—				1,201				1,201
Gain on real estate land sales			—				7,323				7,323
Income tax expense			—				(1,902	)			(1,902	)
Segment operating income		$	—			$	6,622			$	6,622

For the Three Months Ended September 30, 2017		Land				Other				Total
Operating revenues		$	—			$	—			$	—
Interest income from related parties			—				924				924
Segment operating income		$	—			$	924			$	924

Presented below is the operating segment information for the nine months ended September 30, 2018 and 2017 (dollars in thousands):

For the Nine Months Ended September 30, 2018		Land				Other				Total
Interest income from related parties		$	—			$	3,324			$	3,324
Gain on real estate land sales			—				7,323				7,323
Income tax expense							(1,902	)			(1,902	)
Segment operating income		$	—			$	8,745			$	8,745
Real estate assets		$	—			$	—			$	—

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

Schedule reconcile the 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,
		2018				2017
Segment operating income		$	6,622			$	924
Other non-segment items of income (expense)
General and administrative			(83	)			(93	)
Net income fee			(383	)			(53	)
Advisory fee to related party			(168	)			(166	)
Net income from continuing operations		$	5,988			$	612

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,
		2018				2017
Segment operating income		$	8,745			$	3,133
Other non-segment items of income (expense)
General and administrative			(359	)			(342	)
Net income fee to related party			(489	)			(189	)
Advisory fee to related party			(500	)			(493	)
Other income			—				250
Income tax expense			—				—
Net income from continuing operations		$	7,397			$	2,359

Schedule reconciles the 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,
		2018				2017
Real estate assets		$	—			$	22,717
Notes and interest receivable			13,577				13,577
Other assets			81,721				52,444
Total assets		$	95,298			$	88,738

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