NOTES PAYABLE AND SPECIAL ASSESSMENT OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Debt

As of December 31, 2019 and 2018, our notes payable and special assessment obligations consisted of the following (in thousands): 

	December 31,
	2019			2018
$37.0 million note payable to MidFirst Bank secured by a first lien on MacArthur Place, interest-only payments due monthly at the one month LIBOR (1.76% and 2.50% at December 31, 2019 and 2018, respectively) plus 3.25% to 3.75% depending on compensating balances and meeting certain financial thresholds and terms (total effective interest rate of 5.26% and 6.00% at December 31, 2019 and December 31, 2018, respectively), matures October 1, 2020 with two one-year extension options, with construction completion and partial repayment guarantees provided by the Company.	$	35,454		$	20,669
$11.0 million note payable to JPMorgan Chase Funding Inc. is secured by the $13.2 million first mortgage note on Broadway Tower, bears interest at one month LIBOR plus 3.45%, requires interest only payments and a balloon payment of unpaid principal and interest upon maturity. The initial maturity date is May 22, 2020, however this note payable was repaid in full in January 2020 in connection with the sale of Broadway Tower as disclosed in Notes 5 and 18.	11,000			—
$5.9 million note payable to Southwest Lending LLC secured by real estate in New Mexico, annual interest only payments based on the Wall Street Journal prime rate plus 3.0% through maturity on December 31, 2022 (8.5% and 8.25% at December 31, 2019 and 2018, respectively).	4,940			5,940
Unsecured note payable under class action settlement, face amount of $10.2 million, matured and paid in full on April 29, 2019.	—			9,899
$2.3 million special assessment bonds dated between 2002 and 2007, secured by the residential land located in Dakota County, Minnesota, annual interest rate ranging from 6%-7.5%, maturing various dates through 2022	61			90
Total notes payable	51,455			36,598
Less: deferred financing fees of notes payable	(178		)	(284		)
Total notes payable	$	51,277		$	36,314

Contractual Obligation Fiscal Year Maturity Schedule

Our notes payable and special assessment obligations have the following scheduled maturities as of December 31, 2019 (in thousands):

Year	Amount
2020	$	46,481
2021	26
2022	4,948
Less: deferred financing costs of notes payable	(178		)
Total	$	51,277