NOTES AND INTEREST PAYABLE (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Notes and Interest Payable

Below is a summary of our notes and interest payable as of December 31, 2016 (dollars in thousands):

	Notes Payable			Accrued Interest		Total Debt
Apartments	$	553,509		$	1,500	$	555,009
Apartment under construction		16,576			—		16,576
Commercial		108,725			528		109,253
Land held for development		39,765			116		39,881
Real estate subject to sales contract		5,142			470		5,612
Mezzanine financing		119,923			—		119,923
Other		24,071			—		24,071
Total		867,711			2,614		870,325
Unamortized deferred borrowing costs		(19,230	)		—		(19,230	)
Total	$	848,481		$	2,614	$	851,095

Schedule of the principal payments on the notes payable

The following table summarizes our contractual obligations for principal payments as of December 31, 2016 (dollars in thousands):

Year	Amount
2017	$	140,115
2018		56,255
2019		70,135
2020		51,616
2021		15,830
Thereafter		533,760
Total	$	867,711