NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Schedule of Notes and Interest Payable

Below is a summary of our notes and interest payable as of June 30, 2017 (dollars in thousands):

	Notes Payable			Accrued  Interest			Total Debt
Apartments	$	539,556		$	1,459		$	541,015
Apartments under Construction		32,564			—			32,564
Commercial		127,542			599			128,141
Land		29,200			229			29,429
Real estate subject to sales contract		3,542			470			4,012
Mezzanine financing		101,173			—			101,173
Other		12,909			(2	)		12,907
Total	$	846,486		$	2,755		$	849,241
Unamortized deferred borrowing costs		(18,544	)		—			(18,544	)
Total	$	827,942		$	2,755		$	830,697