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OPERATING PROPERTIES AND REAL ESTATE HELD FOR DEVELOPMENT OR SALE (Tables)
 3 Months Ended
Mar. 31, 2016
Real Estate [Abstract]  
Schedule Of Real Estate Owned Assets Acquired Through Foreclosure
A roll-forward of REO activity from December 31, 2015 to March 31, 2016 is as follows (dollars in thousands):
 
 
 
Operating
Properties
 
# of
Projects
 
Held for
Development
 
# of
Projects
 
Held for
Sale
 
# of
Projects
 
Other Real Estate Owned
 
# of
Projects
 
Total Net
Carrying Value
Balance, December 31, 2015
 
$
116,156

 
4

 
$
3,664

 
1

 
$
5,346

 
8

 
$
27,701

 
14

 
$
152,867

Additions:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital cost additions
 
5,504

 
—

 
1

 
—

 
—

 
—

 
51

 
—

 
5,556

Reductions:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of properties sold
 
—

 
—

 
—

 


 
(1,255
)
 
(1
)
 
(137
)
 
(1
)
 
(1,392
)
Depreciation and amortization
 
(993
)
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(993
)
Transfers, net
 
—

 
—

 
—

 
—

 
3,814

 
2

 
(3,814
)
 
(2
)
 
—

Balance, March 31, 2016
 
$
120,667

 
4

 
$
3,665

 
1

 
$
7,905

 
9

 
$
23,801

 
11

 
$
156,038