XML 59 R47.htm IDEA: XBRL DOCUMENT v3.10.0.1
LOANS RECEIVABLE AND OTHER INVESTMENTS - Composition of Loans Receivable and Other Investments (Details)
$ in Thousands
Jun. 30, 2018
USD ($)
loan
Dec. 31, 2017
USD ($)
Loans Receivable:    
Quantity | loan 22  
Loans receivable $ 80,687 $ 91,280
Book Value $ 56,236 66,004
Weighted Average Contractual Interest Rate / Rate of Return 9.30%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 10.90%  
Loan loss reserve $ (356) (97)
Loans receivable, net amount $ 55,880 65,907
Other Investments:    
Quantity | loan 13  
Principal Balance $ 50,856 48,035
Book Value $ 51,348 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 35  
Total Principal Balance $ 131,543  
Total Book Value $ 107,228 114,390
Total Weighted Average Contractual Interest Rate / Rate of Return 10.60%  
Total Weighted Average Annualized Effective Interest Rate / Rate of Return 11.70%  
Mortgage    
Loans Receivable:    
Quantity | loan 1  
Loans receivable $ 15,332  
Book Value $ 15,332 12,351
Weighted Average Contractual Interest Rate / Rate of Return 10.00%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 10.00%  
Construction    
Loans Receivable:    
Quantity | loan 2  
Loans receivable $ 3,989  
Book Value $ 4,055 2,733
Weighted Average Contractual Interest Rate / Rate of Return 8.00%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 7.80%  
Mezzanine    
Loans Receivable:    
Quantity | loan 1  
Loans receivable $ 25,000  
Book Value $ 2,301 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  
Loans receivable $ 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 17  
Loans receivable $ 34,009  
Book Value $ 32,191 $ 38,324
Weighted Average Contractual Interest Rate / Rate of Return 8.50%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 9.70%