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OPERATING SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of operating segment information

The Company’s segments by use of property are land and other (dollars in thousands): 

For the Twelve Months Ended December 31, 2019		Land				Other				Total
Operating Revenues		$	—			$	—			$	—
Interest income from related parties			—				6,574				6,574
Other income			—				237				237
Segment operating income		$	—			$	6,811			$	6,811
Real estate assets		$	—			$	—			$	—
For the Twelve Months Ended December 31, 2018			Land				Other				Total
Operating Revenues		$	—			$	—			$	—
Interest income from related parties			—				4,880				4,880
Gain on land sales			—				7,323			$	7,323
Segment operating income		$	—			$	12,203			$	12,203
Real estate assets		$	—			$	—			$	—

For the Twelve Months Ended December 31, 2017			Land				Other				Total
Operating revenues		$	—			$	—			$	—
Interest income from related parties			—				4,237				4,237
Other income			—				250			$	250
Segment operating income		$	—			$	4,487			$	4,487
Real estate assets		$	22,717			$	—			$	22,717

Schedule reconcile the segment information to the corresponding amounts in the Consolidated Statements of Operations

The tables below reconcile the segment information to the corresponding amounts in the Consolidated Statements of Operations (dollars in thousands):

		For the Years Ended December 31,
		2019				2018				2017
Segment operating income		$	6,811			$	12,203			$	4,487
Other non-segment items of income (expense)
General and administrative			(494	)			(494	)			(438	)
Net income fee to related party			(357	)			(631	)			(250	)
Advisory fee to related party			(737	)			(685	)			(660	)
Income tax expense			(1,078	)			(2,183	)			(1,631	)
Net income from continuing operations		$	4,145			$	8,210			$	1,508

Schedule reconciles the segment information to the corresponding amounts in the Consolidated Balance Sheets

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

		For the Years Ended December 31,
		2019				2018
Real estate assets		$	—			$	—
Notes and interest receivable			14,030				14,030
Other assets			86,226				82,093
Total assets		$	100,256			$	96,123

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- 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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