NOTES PAYABLE (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule of notes and interest payable

Below is a summary of our notes and interest payable as of September 30, 2016 (dollars in thousands):

	Notes Payable			Accrued Interest			Total Debt
Apartments	$	549,744		$	1,530		$	551,274
Commercial		109,139			499			109,638
Land		30,938			117			31,055
Real estate held for sale		376			—			376
Real estate subject to sales contract		5,345			470			5,815
Mezzanine financing		136,400			(66	)		136,334
Other		8,477			—			8,477
Total	$	840,419		$	2,550		$	842,969
Unamortized deferred borrowing costs		(19,510	)		—			(19,510	)
Total	$	820,909		$	2,550		$	823,459