NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Schedule of Notes And Interest Payable

Below is a summary of our notes and interest payable as of June 30, 2015 (dollars in thousands):

	Notes Payable			Accrued Interest		Total Debt
Apartments	$	443,429		$	1,316	$	444,745
Commercial		117,392			494		117,886
Land		56,917			116		57,033
Real estate subject to sales contract		16,547			1,705		18,252
Mezzanine financing		123,900			—		123,900
Other		4,530			—		4,530
Total	$	762,715		$	3,631	$	766,346
Unamortized deferred borrowing costs		(19,962	)		—		(19,962	)
Total	$	742,753		$	3,631	$	746,384