NOTES AND INTEREST PAYABLE (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of notes and interest payable

Below is a summary of our notes and interest payable as of December 31, 2019 and 2018 (dollars in thousands):

	December 31,
	2019			2018
Apartments	$	120,024		$	94,759
Apartments under Construction		9,017			14,402
Commercial		92,838			135,951
Land		14,806			22,200
Real estate held for sale		—			376
Corporate and other notes		16,430			18,130
Total notes payable	$	253,115		$	285,818
Less: unamortized deferred borrowing costs		(7,342	)		(9,425	)
Total outstanding notes payable, net	$	245,773		$	276,393
Accrued Interest		773			844
Total notes payable, net and accrued interest	$	246,546		$	277,237

Schedule of principal payments on the notes payable

Future principal payments due (including scheduled amortization payments and payments due upon maturity) on the Company’s notes payable at December 31, 2019 are as follows (in thousands):

Year	Amount
2020	$	25,982
2021		55,393
2022		13,437
2023		36,770
2024		1,995
Thereafter		119,538
Total	$	253,115