ACCRUED AND OTHER LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2017

ACCRUED AND OTHER LIABILITIES

Schedule of components of accrued and other liabilities

	As of
	September 30, 2017		December 31, 2016
Golf Course Lease	$	—	$	2,226,527
Accrued Property Taxes		1,570,995		28,973
Golf $1 Round Surcharge		700,000		—
Reserve for Tenant Improvements		419,302		398,621
Accrued Construction Costs		967,153		856,947
Accrued Interest		358,837		1,220,990
Environmental Reserve and Restoration Cost Accrual		969,005		1,505,757
Other		2,397,606		2,430,082
Total Accrued and Other Liabilities	$	7,382,898	$	8,667,897