INVESTMENT IN UNCONSOLIDATED JOINT VENTURES AND INVESTEES (Tables)

3 Months Ended

Mar. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Schedule of the financial position and results of operations - unconsolidated parent

The following is a summary of the financial position and results of operations from our unconsolidated parent (dollars in thousands):

	March 31,
	2019			2018
ARL
Real estate, net of accumulated depreciation	$	549		$	5,193
Notes receivable		41,992			45,414
Other assets		65,823			58,253
Notes payable		(9,444	)		(6,266	)
Other liabilities		(30,902	)		(32,539	)
Shareholders’ equity/partners capital		(68,018	)		(70,055	)

		For the Three Months Ended March 31,
		2019			2018
Rents, interest and other income	$	1,654		$	1,629
Operating expenses		(482	)		(417	)
Interest expense		(2,009	)		(1,631	)
Loss from continuing operations	$	(837	)	$	(419	)
Net loss	$	(837	)	$	(419	)
Company’s proportionate share of loss	$	(8	)	$	(4	)