REAL ESTATE PROPERTIES (Tables)

12 Months Ended

Dec. 31, 2020

Real Estate [Abstract]

Schedule of Real Estate Properties

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

	December 31,
	2020		2019
Land	$	25,585	$	29,227
Building	154,854		154,854
Building improvements	10,590		9,702
Real estate properties	191,029		193,783
Accumulated depreciation	(30,837)		(24,094)
Total real estate properties, net	$	160,192	$	169,689

NOTE 2 - REAL ESTATE PROPERTIES (Continued)

A summary of activity in real estate properties, net for the year ended December 31, 2020 follows (dollars in thousands):

	December 31, 2019 Balance		Improvements		Depreciation		Impairment Charge		December 31, 2020 Balance
Multi-family	$	159,434	$	802	$	(6,632)	$	—	$	153,604
Land - Daytona, FL	8,021		—		—		(3,642)		4,379
Retail shopping center - Yonkers, NY/Other	2,234		85		(110)		—		2,209
Total real estate properties	$	169,689	$	887	$	(6,742)	$	(3,642)	$	160,192

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

The following summarizes, by state, information for the year ended December 31, 2020 regarding consolidated properties (dollars in thousands):

Location	Number of Properties	Number of Units	2020 Rental and Other Revenue from Real Estate Properties		% of 2020 Rental and Other Revenue from Real Estate Properties
Texas	2	464	$	5,443	20	%
Georgia	2	448	6,315		23	%
Florida	1	276	4,003		15	%
South Carolina	1	208	3,218		12	%
Virginia	1	220	4,004		15	%
Ohio	1	264	3,039		11	%
Other (a)	—	—	1,429		5	%
	8	1,880	$	27,451	100	%

(a) Represents non multi-family revenues

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, 2020, are as follows (dollars in thousands):

Year Ending December 31,	Amount
2021	$	1,147
2022	1,185
2023	1,252
2024	953
2025	648
Thereafter	1,513
Total	$	6,698