REAL ESTATE PROPERTIES (Tables)

12 Months Ended

Dec. 31, 2019

Real Estate [Abstract]

Schedule of Real Estate Properties

Real estate properties consist of the following (dollars in thousands):

	December 31,
	2019		2018
Land	$	29,227	$	35,112
Building	154,854		154,532
Building improvements	9,702		9,569
Real estate properties	193,783		199,213
Accumulated depreciation	(24,094)		(22,271)
Total real estate properties, net	$	169,689	$	176,942

A summary of activity in real estate properties for the year ended December 31, 2019 follows (dollars in thousands):

	December 31, 2018 Balance		Property Acquisitions		Capitalized Costs and Improvements		Depreciation		Sales and Other Dispositions		December 31, 2019 Balance
Multi-family	$	166,576	$	19,907	$	1,473	$	(5,800)	$	(22,722)	$	159,434
Land - Daytona, FL	8,021		—		—		—		—		8,021
Retail shopping center - Yonkers, NY/Other	2,345		—		107		(116)		(102)		2,234
Total real estate properties	$	176,942	$	19,907	$	1,580	$	(5,916)	$	(22,824)	$	169,689

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following summarizes information for the year ended December 31, 2019 regarding properties owned by consolidated joint ventures (dollars in thousands):

Location	Number of Properties	Number of Units	2019 Rental and Other Revenue from Real Estate Properties		% of 2019 Rental and Other Revenue from Real Estate Properties
Texas	2	464	$	3,421	13	%
Georgia	2	448	5,983		22	%
Florida	1	276	3,840		14	%
South Carolina	1	208	3,204		12	%
Virginia	1	220	3,876		14	%
Ohio	1	264	2,934		11	%
Other (a)	—	—	3,751		14	%
	8	1,880	$	27,009	100	%

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(a) Includes Stone Crossing and Pathways, Houston, TX which were sold on July 11, 2019 . These properties had an aggregate of 384 units and accounted for $2,263 of 2019 revenues. Also includes other non-multi family revenue of $1,489.

Schedule of Operating Leases, Future Minimum Payments, Receivable

Future minimum rentals to be received pursuant to non-cancellable operating leases with terms in excess of one year, from a commercial property owned by the Company at December 31, 2019, are as follows (dollars in thousands):

Year Ending December 31,	Amount
2020	$	1,119
2021	1,147
2022	1,185
2023	1,252
2024	953
Thereafter	1,999
Total	$	7,655