NOTES PAYABLE (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of Notes and Interest Payable

Below is a summary of our notes and interest payable as of March 31, 2017 (dollars in thousands):

	Notes Payable			Accrued  Interest		Total Debt
Apartments	$	541,710		$	1,417	$	543,127
Apartments under Construction		20,721			—		20,721
Commercial		108,051			532		108,583
Land		28,234			229		28,463
Real estate subject to sales contract		3,707			470		4,177
Mezzanine financing		119,422			—		119,422
Other		28,864			—		28,864
Total	$	850,709		$	2,648	$	853,357
Unamortized deferred borrowing costs		(18,062	)		—		(18,062	)
Total	$	832,647		$	2,648	$	835,295