REAL ESTATE ACTIVITY (Tables)

9 Months Ended

Sep. 30, 2018

Real Estate [Abstract]

Schedule of the real estate owned

Below is a summary of the real estate owned as of September 30, 2018 (dollars in thousands):

Apartments		87,834
Apartments under construction		19,502
Commercial properties		203,329
Real estate held for sale		841,207
Land held for development		88,681
Land subject to sales contract		4,117
Total real estate	$	1,244,670
Less accumulated depreciation		(191,218	)
Total real estate, net of depreciation	$	1,053,452