OPERATING SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Schedule of operating segment, including segment assets and expenditures

Presented below is our reportable segments’ operating income for the three months ended March 31, 2019 and 2018, including segment assets and expenditures (dollars in thousands):

For the Three Months Ended March 31, 2019	Commercial Properties			Apartments			Land			Other			Total
Rental and other property revenues	$	8,227		$	3,700		$	—		$	2		$	11,929
Property operating expenses		(3,936	)		(2,058	)		43			(46	)		(5,997	)
Depreciation		(2,375	)		(734	)		—			—			(3,109	)
Mortgage and loan interest		(1,967	)		(934	)		(253	)		(4,805	)		(7,959	)
Interest income		—			—			—			4,558			4,558
Gain on land sales		—			—			2,216			—			2,216
Segment operating (loss) income	$	(51	)	$	(26	)	$	2,006		$	(291	)	$	1,638
Capital expenditures		55,612			589			4,081			—			60,282
Assets	$	154,780		$	153,084		$	82,074		$	—		$	389,938
Property Sales
Sales price	$	—		$	—		$	8,715		$	—		$	8,715
Cost of sale		—			—			(6,499	)		—			(6,499	)
Gain on land sales	$	—		$	—		$	2,216		$	—		$	2,216

For the Three Months Ended March 31, 2018	Commercial Properties			Apartments			Land			Other			Total
Rental and other property revenues	$	7,555		$	23,525		$	—		$	2		$	31,082
Property operating expenses		(3,749	)		(10,582	)		(30	)		(94	)		(14,455	)
Depreciation		(2,293	)		(4,149	)		—			(4	)		(6,446	)
Mortgage and loan interest		(1,849	)		(5,456	)		(110	)		(6,678	)		(14,093	)
Interest income		—			—			—			3,876			3,876
Gain on land sales		—			—			1,335			—			1,335
Segment operating (loss) income	$	(336	)	$	3,338		$	1,195		$	(2,898	)	$	1,299
Capital expenditures	$	633		$	—		$	—		$	—		$	633
Assets	$	135,805		$	728,525		$	113,004		$	651		$	977,985
Property Sales
Sales price	$	—		$	2,512		$	2,984		$	—		$	5,496
Cost of sale		—			(2,512	)		(1,649	)		—			(4,161	)
Gain on sale	$	—		$	—		$	1,335		$	—		$	1,335

Schedule of reconciliaton of segment information to consolidated statements of operations

The table below provides the reconciliation of segment information to the corresponding amounts in the Consolidated Statements of Operations for the three months ended March 31, 2019 and 2018 (dollars in thousands):

	For the Three Months Ended March 31,
	2019			2018
Segment operating income	$	1,638		$	1,299
Other non-segment items of income (expense)
General and administrative		(2,328	)		(2,192	)
Net income fee to related party		(100	)		(53	)
Advisory fee to related party		(1,648	)		(2,748	)
Other income		3,892			1,826
Foreign currency translation (loss) gain		(5,818	)		1,756
Loss from joint venture		(1,055	)		—
Losses (earnings) from other unconsolidated investees		(7	)		11
Net loss from continuing operations	$	(5,426	)	$	(101	)

Schedule of reconciliaton segment information to consolidated balance sheets

The tables below reconcile the segment information to the corresponding amounts in the Consolidated Balance Sheets:

	For the Three Months Ended March 31,
	2019		2018
Segment assets	$	389,938	$	977,985
Investments in unconsolidated subsidiaries and investees		90,138		2,483
Notes and interest receivable		82,469		83,342
Other assets and receivables		290,069		266,779
Total assets	$	852,614	$	1,330,589