REAL ESTATE ACTIVITY (Tables)

3 Months Ended

Mar. 31, 2019

Real Estate [Abstract]

Schedule of the real estate owned

Below is a summary of the real estate owned as of March 31, 2019 (dollars in thousands):

Apartments	$	111,537
Apartments under construction		35,608
Commercial properties		227,867
Land held for development		77,749
Real estate subject to sales contract		4,325
Real estate held for sale		14,737
Total real estate, at cost, less impairment	$	471,823
Less accumulated deprecation		(81,885	)
Total real estate, net of depreciation	$	389,938