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OPERATING PROPERTIES, REAL ESTATE HELD FOR SALE AND OTHER REAL ESTATE OWNED (Tables)
 12 Months Ended
Dec. 31, 2018
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, 2018 and 2017, 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
 
 
2018
2017
 
2018
2017

2018
2017

2018
2017
Real Estate Held for Sale
 
$
7,418

$
1,459

 
$
—

$
4,394

 
$
—

$
—

 
$
7,418

$
5,853

Operating Properties
 
—

—

 
34,550

20,655

 
(684
)
(171
)
 
33,866

20,484

Other Real Estate Owned
 
33,727

30,251

 
—

8,053

 
—

—

 
33,727

38,304

  Total
 
$
41,145

$
31,710

 
$
34,550

$
33,102


$
(684
)
$
(171
)
 
$
75,011

$
64,641
Schedule Of Real Estate Owned Assets Acquired Through Foreclosure
A summary of operating properties and REO assets owned as of December 31, 2018 and 2017, respectively, by state, is as follows (dollars in thousands):
 
 
December 31, 2018
 
 
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

 
$
33,866

 
1

 
$
137

 
1

 
$
252

 
3

 
$
34,255

Texas
 
—

 
—

 
1

 
2,761

 
1

 
216

 
2

 
2,977

Arizona
 
—

 
—

 
4

 
2,988

 
—

 
—

 
4

 
2,988

Minnesota
 
—

 
—

 
2

 
1,532

 
—

 
—

 
2

 
1,532

New Mexico
 
—

 
—

 
—

 
—

 
5

 
33,259

 
5

 
33,259

Total
 
1

 
$
33,866

 
8

 
$
7,418

 
7

 
$
33,727

 
16

 
$
75,011


 
 
December 31, 2017
 
 
Operating Properties
 
Held For Sale
 
Other REO
 
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


Following is a roll-forward of REO activity for the years ended December 31, 2018 and 2017 (dollars in thousands):


Operating
Properties

# of
Projects

Held for
Sale

# of
Projects

Other Real Estate Owned

# of Projects

Total Net
Carrying Value
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

—


—


(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

Additions:














Capital costs additions

14,066


—


243


—


2,080


—


16,389

Transfer

—


—


6,657


8


(6,657
)

(8
)

—

Reductions:














Cost of properties sold

—


—


(4,754
)

(2
)

—


—


(4,754
)
Depreciation and amortization

(684
)

—


—


—


—


—


(684
)
Impairment of real estate owned

—


—


(581
)

—


—


—


(581
)
Balances at December 31, 2018

$
33,866


1


$
7,418


8


$
33,727


7


$
75,011