ACCRUED AND OTHER LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2018

ACCRUED AND OTHER LIABILITIES

Schedule of components of accrued and other liabilities

	As of
	June 30, 2018		December 31, 2017
Golf $1 Round Surcharge	$	630,000	$	700,000
Accrued Property Taxes		1,372,678		66,909
Tenant Leasing Reserve Escrow		917,748		—
Reserve for Tenant Improvements		136,157		3,302,831
Accrued Construction Costs		190,998		1,360,950
Accrued Interest		1,189,668		1,194,681
Environmental Reserve and Restoration Cost Accrual		572,197		866,936
Other		2,829,020		2,668,219
Total Accrued and Other Liabilities	$	7,838,466	$	10,160,526