VARIABLE INTEREST ENTITIES (Tables)

12 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Variable Interest Entities

The assets, liabilities and equity of the Funds as of December 31, 2020, were as follows:

Timber Funds	2020
Assets:
Cash and cash equivalents	$4,053
Accounts receivable	3,620
Prepaid expenses	132
Other current assets	41
Total current assets	7,846
Timber and timberlands, net of depletion and amortization	410,884
Total assets	$418,730
Liabilities and Equity:
Accounts payable	$939
Intercompany payable (a)	1,319
Accrued taxes	314
Accrued interest	513
Deferred revenue	323
Other current liabilities	732
Total current liabilities	4,140
Long-term debt, net of deferred financing costs	60,179
Funds’ equity	354,411
Total liabilities and equity	$418,730

(a)Includes management fees and other expenses payable to the Operating Partnership. These amounts are eliminated in the Consolidated Balance Sheets.

The assets, liabilities and equity of Ferncliff Investors as of December 31, 2020, were as follows:

Ferncliff Investors	2020
Assets:
Cash and cash equivalents	$4,503
Intercompany receivable	111
Total current assets	4,614
Investment in real estate joint venture entity	2,112
Advances to real estate joint venture entity	1,000
Total assets	$7,726
Liabilities and equity:
Other accrued and deferred liabilities	$3,447
Total current liabilities	3,447
Ferncliff Investors’ equity	4,279
Total liabilities and equity	$7,726