NOTES PAYABLE (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of notes and interest payable

Below is a summary of our notes and interest payable as of March 31, 2017 (dollars in thousands):

	Notes Payable			Accrued Interest		Total Debt
Apartments	$	541,710		$	1,417	$	543,127
Apartments under Construction		20,721			—		20,721
Commercial		108,051			532		108,583
Land		25,134			229		25,363
Real estate subject to sales contract		3,707			470		4,177
Mezzanine financing		119,422					119,422
Other		24,128			—		24,128
Total	$	842,873		$	2,648	$	845,521
Unamortized deferred borrowing costs		(18,046	)		—		(18,046	)
Total	$	824,827		$	2,648	$	827,475