SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)-K

12 Months Ended

Dec. 31, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of estimated useful lives

Asset Type	Years
Buildings and improvements	10- 45
Equipment, tenant improvements and fixtures	5 - 10
Computer hardware and software, and vehicles	3 - 5

Schedule of categories of developments

	December 31,
	2014		2013
	(In thousands)
Land & improvements	$	164,280	$	194,282
Development costs		667,228		293,874
Condominium		82,795		-
Total Developments	$	914,303	$	488,156

Summary of changes in allowance for doubtful accounts against accounts receivables

	2014		2013		2012
	(In thousands)
Balance as of January 1	$	7,390	$	8,914	$	8,496
Change in provision		1,404		836		1,224
Write-offs		(1,175)		(2,360)		(806)
Balance as of December 31	$	7,619	$	7,390	$	8,914

Summary of information related to the entity's EPS calculations

	Year ended December 31,
	2014		2013		2012
	(In thousands, except share amounts)
Basic EPS:
Numerator:
Net loss	$	(23,520)	$	(73,695)	$	(127,543)
Net income attributable to noncontrolling interests		(11)		(95)		(745)
Net loss attributable to common stockholders	$	(23,531)	$	(73,790)	$	(128,288)
Denominator:
Weighted average number of common shares outstanding		39,464		39,449		38,127
Diluted EPS:
Numerator:
Net loss attributable to common stockholders	$	(23,531)	$	(73,790)	$	(128,288)
Less: Warrant liability gain		-		-		-
Adjusted net income (loss) available to common stockholders	$	(23,531)	$	(73,790)	$	(128,288)
Denominator:
Weighted average number of common shares outstanding		39,464		39,449		38,127
Warrants		-		-		-
Weighted average diluted  common shares oustanding		39,464		39,449		38,127
Basic loss per share	$	(0.60)	$	(1.87)	$	(3.36)
Diluted loss per share	$	(0.60)	$	(1.87)	$	(3.36)