NOTES AND INTEREST PAYABLE (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of notes and interest payable

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

	Notes Payable			Accrued Interest		Total Debt
Apartments	$	566,576		$	1,585	$	568,161
Apartments under Construction	$	78,683			113	$	78,796
Commercial	$	126,955		$	622	$	127,577
Land	$	16,705		$	200	$	16,905
Real estate subject to sales contract	$	1,449		$	508	$	1,957
Mezzanine financing	$	110,172		$	453	$	110,625
Other	$	9,617		$	78	$	9,695
Total	$	910,157		$	3,559	$	913,716
Unamortized deferred borrowing costs		(19,234	)		—		(19,234	)
	$	890,923		$	3,559	$	894,482

Schedule of principal payments on the notes payable

The following table summarizes our contractual obligations for principal payments as of December 31, 2017 (dollars in thousands): 

Year	Amount
2018	$	79,838
2019		101,134
2020		64,255
2021		48,806
2022		11,205
Thereafter		604,919
Total	$	910,157