OPERATING SEGMENTS (Table)

6 Months Ended

Jun. 30, 2015

Operating Segments Table

Schedule of operating segment information

Presented below is the operating segment information for the three and six months ended June 30, 2015 and 2014 (dollars in thousands):

For the Three Months Ended June 30, 2015	Land			Other		Total
Rental and other property revenues	$	—		$	—	$	—
Property operating expenses		(8	)		—		(8	)
Mortgage and loan interest		(165	)		—		(165	)
Interest income from related parties		—			1,120		1,120
Segment operating income (loss)	$	(173	)	$	1,120	$	947
Real estate assets		25,717			—		25,717

For the Three Months Ended June 30, 2014	Land			Other		Total
Rental and other property revenues	$	—		$	—	$	—
Property operating expenses		(11	)		—		(11	)
Mortgage and loan interest		(178	)		—		(178	)
Interest income from related parties		—			1,236		1,236
Segment operating income (loss)	$	(189	)	$	1,236	$	1,047
Real estate assets		24,511			—		24,511

For the Six Months Ended June 30, 2015	Land			Other		Total
Rental and other property revenues	$	—		$	—	$	—
Property operating expenses		(16	)		—		(16	)
Mortgage and loan interest		(329	)		—		(329	)
Interest income from related parties		—			2,239		2,239
Segment operating income (loss)	$	(345	)	$	2,239	$	1,894
Real estate assets		25,717			—		25,717

For the Six Months Ended June 30, 2014	Land			Other		Total
Rental and other property revenues	$	—		$	—	$	—
Property operating expenses		(28	)		—		(28	)
Mortgage and loan interest		(363	)		—		(363	)
Interest income from related parties		—			2,369		2,369
Segment operating income (loss)	$	(391	)	$	2,369	$	1,978
Real estate assets		24,511			—		24,511

Schedule of segment information to the corresponding amounts in the Consolidated Statements of Operations

The table below reconciles the segment information to the corresponding amounts in the Consolidated Statements of Operations (dollars in thousands):

	For the Three Months Ended
	June 30,
	2015			2014
Segment operating income	$	947		$	1,047
Other non-segment items of income (expense)
General and administrative		(122	)		(118	)
Net income fee to related party		(46	)		(56	)
Advisory fee to related party		(176	)		(178	)
Net income from continuing operations	$	603		$	695

. 

	For the Six Months Ended
	June 30,
	2015			2014
Segment operating income	$	1,894		$	1,978
Other non-segment items of income (expense)
General and administrative		(297	)		(280	)
Net income fee to related party		(90	)		(101	)
Advisory fee to related party		(350	)		(343	)
Net income from continuing operations	$	1,157		$	1,254

Schedule of segment information to the corresponding amounts in the Consolidated Balance Sheets

The table below reconciles the segment information to the corresponding amounts in the Consolidated Balance Sheets (dollars in thousands):

	June 30,
	2015		2014
Real estate assets	$	25,717	$	24,511
Notes and interest receivable		25,037		25,605
Other assets		42,936		42,537
Total assets	$	93,690	$	92,653

The table below reconciles the segment information to the corresponding amounts in the Consolidated Balance Sheets (dollars in thousands):

	June 30,
	2015		2014
Real estate assets	$	25,717	$	24,511
Notes and interest receivable		25,037		25,605
Other assets		42,936		42,537
Total assets	$	93,690	$	92,653