OPERATING SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Schedule of operating segment information

The Company’s segments by use of property are land and other (dollars in thousands):

For the Twelve Months Ended December 31, 2016	Land			Other			Total
Operating revenue	$	—		$	—		$	—
Interest income		—			4,494			4,494
Segment operating income (loss)	$	—		$	4,494		$	4,494
Capital expenditures		—			—			—
Assets		22,717			—			22,717
	Land			Other			Total
For the Twelve Months Ended December 31, 2015
Operating revenue	$	—		$	—		$	—
Operating expenses		(26	)		(35	)		(61	)
Mortgage and loan interest		(652	)		—			(652	)
Interest income		—			4,376			4,376
Segment operating income (loss)	$	(678	)	$	4,341		$	3,663
Capital expenditures		—			—			—
Assets		22,717			—			22,717
	Land			Other			Total
For the Twelve Months Ended December 31, 2014
Operating revenue	$	—		$	—		$	—
Operating expenses		(50	)		—			(50	)
Mortgage and loan interest		(706	)		—			(706	)
Interest income		—			4,729			4,729
Segment operating income (loss)	$	(756	)	$	4,729		$	3,973
Capital expenditures		—			—			—
Assets		25,717			—			25,717

Schedule of segment information to the corresponding amounts in the consolidated statements of operations

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

	2016			2015			2014
Segment operating income	$	4,494		$	3,663		$	3,973
Other non-segment items of income (expense)
General and administrative		(396	)		(466	)		(573	)
Net income fee		(257	)		(187	)		(203	)
Advisory fee to related party		(639	)		(704	)		(692	)
Income tax expense		(1,121	)		(807	)		(946	)
Net income	$	2,081		$	1,499		$	1,559

Schedule of segment information to the corresponding amounts in the consolidated balance sheets

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

	2016		2015
Segment assets	$	22,717	$	22,717
Notes and interest receivable		23,659		24,882
Other assets and receivables		40,026		36,705
Total assets	$	86,402	$	84,304