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INVESTMENTS IN REAL ESTATE (Tables)
3 Months Ended
Mar. 31, 2018
Banking And Thrift [Abstract]  
Summary of Investments in Real Estate

 

The table below summarizes our investments in real estate:

 

 

Book Value

 

 

 

As of March 31, 2018

 

 

As of December 31, 2017

 

Multifamily real estate properties

 

$

17,202

 

 

$

17,163

 

Office real estate properties

 

 

124,821

 

 

 

130,125

 

Retail real estate properties

 

 

103,113

 

 

 

106,817

 

Parcels of land

 

 

20,567

 

 

 

20,567

 

Subtotal

 

 

265,703

 

 

 

274,672

 

Less: Accumulated depreciation and amortization

 

 

(30,555

)

 

 

(28,768

)

Investments in real estate, net

 

$

235,148

 

 

$

245,904