INVESTMENT IN UNCONSOLIDATED JOINT VENTURES AND INVESTEES (Tables)

12 Months Ended

Dec. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Schedule of financial position and results of operations from our investees

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

	December 31,
	2019			2018			2017
ARL
Real estate, net of accumulated depreciation	$	—		$	549		$	12,349
Notes receivable		35,213			42,517			41,928
Other assets		67,441			66,712			126,238
Notes payable		(8,327	)		(9,637	)		(6,507	)
Other liabilities		(26,947	)		(21,123	)		(102,014	)
Shareholders’ equity/partners capital		(67,380	)		(79,018	)		(71,994	)

	For the Year Ended December 31,
	2019			2018			2017
Rents, interest and other income	$	12,569		$	7,132		$	9,193
Depreciation		—			—			(157	)
Operating expenses		(3,765	)		(2,420	)		(3,149	)
Gain on land sales		1,016			—			4,765
Interest expense		(8,043	)		(7,191	)		(6,228	)
Income (loss) from continuing operations	$	1,777		$	(2,479	)	$	4,424
Net  income (loss)	$	1,777		$	(2,479	)	$	4,424
Company’s proportionate share of income (loss)	$	16		$	(22	)	$	40