XML 61 R45.htm IDEA: XBRL DOCUMENT v3.6.0.2
Debt (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Line of Credit Facility [Line Items]      
Notes payable and senior notes $ 161,728,000    
Total 160,994,000 $ 155,966,000  
Debt issuance costs (734,000) (1,524,000)  
Long-term Debt, Fiscal Year Maturity [Abstract]      
2017 120,785,000    
2018 40,943,000    
2019 0    
Interest 12,500,000 11,600,000 $ 4,000,000
Interest costs capitalized related to construction and real estate development costs 12,500,000 11,600,000 3,800,000
Restricted net assets 134,300,000    
Real Estate Operations      
Line of Credit Facility [Line Items]      
Maximum borrowing capacity 238,900,000 232,600,000  
Remaining borrowing capacity 77,200,000 75,100,000  
Notes Payable And Senior Notes      
Line of Credit Facility [Line Items]      
Notes payable and senior notes 161,728,000 157,490,000  
Senior Notes      
Line of Credit Facility [Line Items]      
Notes payable and senior notes $ 74,871,000 $ 74,710,000  
Mortgages      
Line of Credit Facility [Line Items]      
Weighted average interest rate 6.50% 6.40%  
LIBOR Plus 3.75% through 2016 | Notes Payable      
Line of Credit Facility [Line Items]      
Variable rate $ 34,528,000  
Basis spread 3.75%    
Prime Plus 1.75% through 2016 | Notes Payable      
Line of Credit Facility [Line Items]      
Variable rate   717,000  
Basis spread 1.75%    
LIBOR Plus 3.00% Through 2016 | Notes Payable      
Line of Credit Facility [Line Items]      
Variable rate 4,832,000  
Basis spread 3.00%    
LIBOR Plus 3.50% Through 2017 | Notes Payable      
Line of Credit Facility [Line Items]      
Variable rate $ 4,693,000 9,785,000  
Basis spread 3.50%    
LIBOR Plus 3.75% Through 2017 | Notes Payable      
Line of Credit Facility [Line Items]      
Variable rate $ 31,533,000 18,456,000  
Basis spread 3.75%    
LIBOR Plus 2.75% Through 2018 | Notes Payable      
Line of Credit Facility [Line Items]      
Variable rate $ 10,500,000    
Basis spread 2.75%    
LIBOR Plus 3.75% Through 2018 | Notes Payable      
Line of Credit Facility [Line Items]      
Variable rate $ 26,444,000  
Basis spread 3.75%    
5.50% through 2016 | Notes Payable      
Line of Credit Facility [Line Items]      
Variable rate   2,342,000  
5.50% through 2017 | Notes Payable      
Line of Credit Facility [Line Items]      
Variable rate $ 2,476,000  
Interest rate 5.50%    
5.00% through 2017 | Notes Payable      
Line of Credit Facility [Line Items]      
Variable rate $ 5,607,000 4,581,000  
Interest rate 5.00%    
10% payments through 2017 | Notes Payable      
Line of Credit Facility [Line Items]      
Fixed rate $ 1,604,000 1,604,000  
Interest rate 10.00%    
No stated interest, payments through 2017 | Notes Payable      
Line of Credit Facility [Line Items]      
Fixed rate 1,935,000  
Interest rate 0.00%    
8% payments through 2018 | Notes Payable      
Line of Credit Facility [Line Items]      
Fixed rate $ 4,000,000 $ 4,000,000  
Interest rate 8.00%    
8.5% Senior Notes Due 2017 | Senior Notes      
Line of Credit Facility [Line Items]      
Debt issued     $ 75,000,000
8.5% Senior Notes Due 2017 | Senior Notes | Subsidiaries      
Line of Credit Facility [Line Items]      
Maximum allowed debt to tangible assets 45.00%    
Maximum secured debt allowed $ 75,000,000    
Maximum secured debt to tangible assets ratio 30.00%    
Maximum annual acquisition of unimproved real property allowed $ 75,000,000    
Maximum acquisition of unimproved real property over term of debt allowed $ 150,000,000