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OPERATING PROPERTIES AND REAL ESTATE HELD FOR DEVELOPMENT OR SALE (Tables)
 9 Months Ended
Sep. 30, 2013
Real Estate [Abstract]  
Schedule Of Real Estate Owned Assets Acquired Through Foreclosure [Table Text Block]
A roll-forward of REO from December 31, 2012 to September 30, 2013 is as follows (dollars in thousands):
 
 
Operating Properties
 
# of Projects
 
Held for Development
 
# of Projects
 
Held for Sale
 
# of Projects
 
Total Net Carrying Value
Balances at December 31, 2012
 
$
21,915

 
2
 
$
43,006

 
17
 
$
54,050

 
23
 
$
118,971

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additions:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net principal carrying value of loans foreclosed
 
52,395

 
2
 
7,730

 
1
 
—

 
—
 
60,125

Fair value adjustment of assets acquired through foreclosure (1)
 
30,739

 
—
 
—

 
—
 
—

 
—
 
30,739

Other receivables transferred
 
493

 
—
 
—

 
—
 
275

 
1
 
768

Property taxes assumed on loans foreclosed
 
—

 
—
 
27

 
—
 
—

 
—
 
27

Capital costs additions
 
559

 
—
 
1,028

 
—
 
56

 
0
 
1,643

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reductions :
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of Properties Sold
 
—

 
—
 
(913
)
 
—
 
(5,719
)
 
(4)
 
(6,632
)
Depreciation
 
(1,908
)
 
—
 
—

 
—
 
—

 
—
 
(1,908
)
Transfers, net
 
—

 
—
 
(3,113
)
 
(3)
 
3,113

 
3
 
—

Balances at September 30, 2013
 
$
104,193

 
4
 
$
47,765

 
15
 
$
51,775

 
23
 
$
203,733


(1)
Amount represents the step-up in basis to the estimated fair value of the assets received as of the date of acquisition based on appraisals received for such assets. The stepped up basis reflects the approximate balances of certain liabilities assumed upon foreclosure including a mortgage note payable of approximately $24.7 million, a capital lease obligation of approximately $1.3 million, and accounts payable and accrued liabilities of $3.4 million at the date of acquisition. The appraised values of such assets were equal to or in excess of the new assets recorded.
Asset and Liability Acquisition Through Foreclosure, Pro Forma Information [Table Text Block]
The following table presents estimated unaudited pro forma information during the three months ended September 30, 2012 and the nine months ended September 30, 2013 and 2012, including debt service amounts for long-term debt and capital leases other than interest attributable to loans payable to us, as if the acquisitions had been consummated on January 1, 2012.
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(Amounts in thousands)
 
2012
 
2013
 
2012
Pro forma revenue
 
$
5,877

 
$
20,805

 
$
18,153

Pro forma net income (loss)
 
$
(8,613
)
 
$
(15,876
)
 
$
(22,943
)