8. Real Estate and Other Assets Held for Sale and Related Liabilities

Real estate and other assets held for sale include completed real estate projects or land for sale in their present condition that have met all of the “held for sale” criteria of the “Property, Plant and Equipment” Topic of the FASB ASC (Topic 360) and other assets directly related to such projects. Liabilities related to real estate and other assets held for sale have been included as a single line item in the accompanying consolidated balance sheets.

There were no real estate assets classified as “held for sale” at December 31, 2013. Real estate and other assets held for sale and related liabilities were as follows at June 30, 2014 (dollars in thousands):


Assets:
Real estate held for sale (see Note 9)	$	12,147
Other current assets		432
Property and equipment, net		19
Other assets		606

Total real estate and other assets held for sale		13,204
Liabilities:
Notes payable on real estate held for sale (see Note 10)		11,975
Accounts payable and accrued expenses		29
Other current liabilities		62
Other liabilities		106

Total liabilities related to real estate and other assets held for sale		12,172

Net real estate and other assets held for sale	$	1,032