OPERATING PROPERTIES AND REAL ESTATE HELD FOR DEVELOPMENT OR SALE (Tables)

12 Months Ended

Dec. 31, 2017

Real Estate [Abstract]

Schedule Of Real Estate Owned Assets Acquired Through Foreclosure By State

A summary of operating properties and REO assets owned as of December 31, 2017 and December 31, 2016, respectively, by method of acquisition, is as follows (in thousands):

	Acquired Through Foreclosure and/or Guarantor Settlement				Acquired Through Purchase and Costs Incurred				Accumulated Depreciation						Total
	2017		2016		2017		2016		2017			2016			2017		2016
Real Estate Held for Sale	$	1,459	$	17,717	$	4,394	$	917	$	—		$	(797	)	$	5,853	$	17,837
Operating Properties	—		—		20,655		—		(171		)	—			20,484		—
Discontinued Operations	—		83,652		—		14,079		—			(8,997		)	—		88,734
Other Real Estate Owned	30,251		8,355		8,053		7,146		—			—			38,304		15,501
Total	$	31,710	$	109,724	$	33,102	$	22,142	$	(171	)	$	(9,794	)	$	64,641	$	122,072

Schedule Of Real Estate Owned Assets Acquired Through Foreclosure

A summary of operating properties and REO assets owned as of December 31, 2017 and 2016, respectively, by state, is as follows (dollars in thousands):

	December 31, 2017
	Operating Properties			Held For Sale			Other Real Estate Owned			Total
State	# of Projects	Aggregate Net Carrying  Value		# of Projects	Aggregate Net Carrying Value		# of Projects	Aggregate Net Carrying  Value		# of Projects	Aggregate Net Carrying  Value
California	1	$	20,484	—	$	—	2	$	389	3	$	20,873
Texas	—	—		—	—		2	3,557		2	3,557
Arizona	—	—		—	—		5	3,030		5	3,030
Minnesota	—	—		1	1,473		1	149		2	1,622
Utah	—	—		1	4,380		—	—		1	4,380
New Mexico	—	—		—	—		5	31,179		5	31,179
Total	1	$	20,484	2	$	5,853	15	$	38,304	18	$	64,641

	December 31, 2016
	Operating Properties					Held For Sale			Other Real Estate Owned			Total
State	# of Projects		Aggregate Net Carrying  Value			# of Projects	Aggregate Net Carrying  Value		# of Projects	Aggregate Net Carrying  Value		# of Projects		Aggregate Net Carrying  Value
California	—		$	—		—	$	—	2	$	689	2		$	689
Texas	—		—			2	4,290		—	—		2		4,290
Arizona	2		88,734			6	10,286		2	1,505		10		100,525
Minnesota	—		—			2	3,261		—	—		2		3,261
New Mexico	—		—			—	—		3	13,307		3		13,307
Total	2		88,734			10	17,837		7	15,501		19		122,072
Less: Discontinued Operations	(2	)	(88,734		)	—	—		—	—		(2	)	(88,734		)
Total	—		$	—		10	$	17,837	7	$	15,501	17		$	33,338

Following is a roll-forward of REO activity for the years ended December 31, 2017 and 2016 (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
Balances at December 31, 2015	$	116,156		4		3,664		1		$	5,346		8		$	27,701		14		$	152,867
Additions:
Capital costs additions	8,577			—		45		—		(55		)	—		157			—		8,724
Basis adjustment for TIF receivable and liability forgiveness	—			—		—		—		(4,493		)	—		—			—		(4,493		)
Reductions :
Cost of properties sold	—			—		—		—		(30,903		)	(10	)	(280		)	(1	)	(31,183		)
Depreciation and amortization	(3,843		)	—		—		—		—			—		—			—		(3,843		)
Transfers, net	(32,156		)	(2	)	(3,709	)	(1	)	47,942			12		(12,077		)	(6	)	—
Balances at December 31, 2016	88,734			2		—		—		17,837			10		15,501			7		122,072
Additions:
Capital costs additions	1,673			—		—		—		1,009			—		1,123			—		3,805
REO acquired through purchase	19,630			1		—		—		—			—		—			—		19,630
Consolidation of Lakeside JV	—			—		—		—		—			—		4,062			1		4,062
Consolidation of New Mexico partnerships	—			—		—		—		—			—		18,105			7		18,105
Transfer to held for sale	—			—		—		—		(641		)	(2	)	641			4		—
Reductions:
Cost of properties sold	—			—		—		—		(12,152		)	(6	)	(584		)	(4	)	(12,736		)
Discontinued operations	(89,105		)	(2	)	—		—		—			—		—			—		(89,105		)
Impairment	—			—		—		—		(200		)	—		(544		)	—		(744		)
Depreciation and amortization	(448		)	—		—		—		—			—		—			—		(448		)
Balances at December 31, 2017	$	20,484		1		—		—		$	5,853		2		$	38,304		15		$	64,641