NOTES AND INTEREST PAYABLE (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of notes and interest payable

Below is a summary of our notes and interest payable as of December 31, 2016 (dollars in thousands):

	Notes Payable			Accrued Interest		Total Debt
Apartments	$	553,509		$	1,500	$	555,009
Apartments under Construction	$	16,576			—	$	16,576
Commercial	$	108,725		$	528	$	109,253
Land	$	30,811		$	117	$	30,928
Real estate subject to sales contract	$	5,142		$	470	$	5,612
Mezzanine financing	$	119,923			—	$	119,923
Other	$	23,425			—	$	23,425
Total		858,111			2,615		860,726
Unamortized deferred borrowing costs		(19,210	)		—		(19,210	)
	$	838,901		$	2,615	$	841,516

Schedule of principal payments on the notes payable

The schedule principal payments of our notes payable over the next five years and thereafter are due as follows (dollars in thousands):

Year	Amount
2017	$	130,515
2018		56,255
2019		70,136
2020		51,616
2021		15,831
Thereafter		533,757
Total	$	858,111