CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash Flow From Operating Activities:
Net income (loss)	$ 7,271	$ (15,262)
Adjustments to reconcile net loss applicable to common shares to net cash flows from operating activities:
(Gain) loss on sale of land	(1,335)	31
Depreciation and amortization	12,968	12,681
Amortization of deferred borrowing costs	1,393	2,122
Amortization of bond issuance costs	728	462
(Earnings) loss from unconsolidated joint ventures and investees	(2)	18
(Increase) decrease in assets:
Accrued interest receivable	(14,553)	2,729
Other assets	4,293	(3,181)
Prepaid expense	1,597	(4,190)
Rent receivables	244	(1,669)
Related party receivables	(393)	14,800
Increase (decrease) in liabilities:
Accrued interest payable	(1,019)	141
Other liabilities	(10,073)	(4,187)
Net cash provided by operating activities	1,119	4,495
Cash Flow From Investing Activities:
Proceeds from notes receivable	6,541	10,928
Originations or advances on notes receivable	(11,519)	(4,116)
Acquisition of land held for development		(11,440)
Proceeds from sale of income-producing properties	2,706
Proceeds from sale of land	2,636	1,596
Improvement of land held for development		(585)
Improvement of income-producing properties	(2,725)	(1,898)
Construction and development of new properties	(47,452)	(26,708)
Net cash (used in) investing activities	(49,813)	(32,223)
Cash Flow From Financing Activities:
Proceeds from notes payable	44,707	82,865
Recurring payment of principal on notes payable	(11,762)	(10,329)
Payments on maturing notes payable	(16,750)	(112,918)
Proceeds from bonds	39,399	102,364
Bond issuance costs	(2,022)	6,253
Deferred financing costs		676
Preferred stock dividends - Series D	(446)	(446)
Net cash provided by financing activities	53,126	68,465
Net increase (decrease) in cash, cash equivalents and restricted cash	4,432	40,737
Cash, cash equivalents and restricted cash, beginning of period	88,342	55,733
Cash, cash equivalents and restricted cash, end of period	92,774	96,470
Supplemental disclosures of cash flow information:
Cash paid for interest	26,663	$ 26,548
Schedule of noncash investing and financing activities:
Notes receivable received from sale of income-producing properties	1,735
Seller financing note - acquisition of income-producing properties	1,895
Notes payable issued on acquisition of income-producing properties	$ 8,605