INVESTMENT IN UNCONSOLIDATED JOINT VENTURES AND INVESTEES (Tables)

6 Months Ended

Jun. 30, 2020

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):

	For the Period Ended June 30,
	2020			2019
ARL
Real estate, net of accumulated depreciation	$	—		$	549
Notes receivable		31,925			42,719
Other assets		69,862			66,407
Notes payable		(6,719	)		(5,070	)
Other liabilities		(27,473	)		(33,855	)
Shareholders’ equity/partners capital		(67,595	)		(70,750	)

	For the Six Months Ended June 30,
	2020			2019
Rents, interest and other income	$	4,553		$	7,370
Operating expenses		(923	)		(1,479	)
Interest expense		(2,965	)		(3,771	)
Income from operations	$	665		$	2,120
Net  Income	$	665		$	2,120
Company’s proportionate share of loss	$	6		$	19