NOTES PAYABLE (Tables)

9 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Schedule of Notes and Interest Payable

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

	Notes Payable			Accrued  Interest		Total Debt
Apartments	$	537,396		$	1,476	$	538,872
Apartments under Construction		43,507			—		43,507
Commercial		127,182			602		127,784
Land		27,812			230		28,042
Real estate subject to sales contract		3,450			489		3,939
Mezzanine financing		100,673			—		100,673
Other		12,656			—		12,656
Total	$	852,676		$	2,797	$	855,473
Unamortized deferred borrowing costs		(18,396	)		—		(18,396	)
Total	$	834,280		$	2,797	$	837,077