Consolidated Statement of Net Assets	Dec. 31, 2016 USD ($)
Liabilities:
Mortgage and construction notes payable	$ 179,135,370
Liability for estimated costs in excess of estimated receipts during liquidation	11,306,997
Due to related parties	1,812,609
Liquidation Basis
ASSETS
Total real estate, net	331,970,000
Cash and cash equivalents	17,926,602
Restricted cash	405,255
Other assets	257,989
Total Assets	350,559,846
Liabilities:
Mortgage and construction notes payable	179,135,370
Liability for non-controlling interests	35,080,687
Liability for estimated costs in excess of estimated receipts during liquidation	11,306,997
Accrued development costs	2,944,380
Accounts payable and other accrued expenses	4,379,230
Due to related parties	1,812,609
Other liabilities	850,990
Total Liabilities	235,510,263
Commitments and contingencies (Note 14)
Net assets in liquidation	$ 115,049,583