XML 59 R47.htm IDEA: XBRL DOCUMENT v3.8.0.1
LOANS RECEIVABLE AND OTHER INVESTMENTS - Composition of Loans Receivable and Other Investments (Details)
$ in Thousands
Mar. 31, 2018
USD ($)
loan
Dec. 31, 2017
USD ($)
Loans Receivable:    
Quantity | loan 21  
Principal Balance $ 76,212  
Book Value $ 50,840 $ 66,004
Weighted Average Contractual Interest Rate / Rate of Return 9.40%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 12.00%  
Loan loss reserve $ (200) (97)
Loans Receivable, Net Amount $ 50,640 65,907
Other Investments:    
Quantity | loan 13  
Principal Balance $ 49,782 48,035
Book Value $ 50,248 48,483
Weighted Average Contractual Interest Rate / Rate of Return 12.60%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 12.60%  
Total Quantity | loan 34  
Total Principal Balance $ 125,994  
Total Book Value $ 100,888 114,390
Total Weighted Average Contractual Interest Rate / Rate of Return 10.70%  
Total Weighted Average Annualized Effective Interest Rate / Rate of Return 12.30%  
Mortgage    
Loans Receivable:    
Quantity | loan 2  
Principal Balance $ 18,028  
Book Value $ 17,032 12,351
Weighted Average Contractual Interest Rate / Rate of Return 9.90%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 11.00%  
Construction    
Loans Receivable:    
Quantity | loan 2  
Principal Balance $ 3,047  
Book Value $ 3,114 2,733
Weighted Average Contractual Interest Rate / Rate of Return 8.00%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 7.70%  
Mezzanine    
Loans Receivable:    
Quantity | loan 1  
Principal Balance $ 25,000  
Book Value $ 2,548 10,239
Weighted Average Contractual Interest Rate / Rate of Return 10.00%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 41.90%  
Pre-development    
Loans Receivable:    
Quantity | loan 1  
Principal Balance $ 2,357  
Book Value $ 2,357 2,357
Weighted Average Contractual Interest Rate / Rate of Return 9.00%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 8.40%  
Other    
Loans Receivable:    
Quantity | loan 15  
Principal Balance $ 27,780  
Book Value $ 25,789 $ 38,324
Weighted Average Contractual Interest Rate / Rate of Return 8.70%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 10.60%