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Summary of the real estate owned as of (Tables)
 6 Months Ended
Jun. 30, 2013
Summary of the real estate owned as of  
Summary of the real estate owned as of

Below is a summary of the real estate owned as of June 30, 2013 (dollars in thousands):

 

Apartments

 

$

590,289

 

Commercial properties

 

 

220,103

 

Land held for development

 

 

194,607

 

Real estate held for sale

 

 

-

 

Real estate subject to sales contract

 

 

29,455

 

Total real estate

 

 

1,034,454

 

Less accumulated depreciation

 

 

(161,347

)

Total real estate

 

$

873,107