OPERATING SEGMENTS (Table)

9 Months Ended

Sep. 30, 2015

Operating Segments Table

Schedule of operating segment information

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

For the Three Months Ended September 30, 2015	Land			Other		Total
Rental and other property revenues	$	—		$	—	$	—
Property operating expenses		56			—		56
Mortgage and loan interest		112			—		112
Interest income from related parties		—			1,137		1,137
Segment operating income (loss)	$	(168	)	$	1,137	$	969
Real estate assets		22,717			—		22,717
For the Three Months Ended September 30, 2014		Land			Other		Total
Rental and other property revenues	$	—		$	—	$	—
Property operating expenses		13			—		13
Mortgage and loan interest		176			—		176
Interest income from related parties		—			1,179		1,179
Segment operating income (loss)	$	(189	)	$	1,179	$	990
Real estate assets		24,515			—		24,515

For the Nine Months Ended September 30, 2015	Land			Other		Total
Rental and other property revenues	$	—		$	—	$	—
Property operating expenses		71			—		71
Mortgage and loan interest		441			—		441
Interest income from related parties		—			3,376		3,376
Segment operating income (loss)	$	(512	)	$	3,376	$	2,864
Real estate assets		22,717			—		22,717
For the Nine Months Ended September 30, 2014		Land			Other		Total
Rental and other property revenues	$	—		$	—	$	—
Property operating expenses		42			—		42
Mortgage and loan interest		538			—		538
Interest income from related parties		—			3,547		3,547
Segment operating income (loss)	$	(580	)	$	3,547	$	2,967
Real estate assets		24,515			—		24,515

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
	September 30,
	2015			2014
Segment operating income	$	969		$	990
Other non-segment items of income (expense)
General and administrative		(62	)		(143	)
Net income fee to related party		(51	)		(51	)
Advisory fee to related party		(176	)		(173	)
Net income from continuing operations	$	680		$	623

	For the Nine Months Ended
	September 30,
	2015			2014
Segment operating income	$	2,864		$	2,967
Other non-segment items of income (expense)
General and administrative		(359	)		(422	)
Net income fee to related party		(142	)		(152	)
Advisory fee to related party		(526	)		(516	)
Net income from continuing operations	$	1,837		$	1,877

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):

	September 30,
	2015		2014
Real estate assets	$	22,717	$	24,515
Notes and interest receivable		24,317		24,865
Other assets		47,204		43,886
Total assets	$	94,238	$	93,266