LOANS PAYABLE AND OTHER BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Loans Payable and Other Borrowings

Loans payable and other borrowings consist of the following (in thousands):

	As of
	March 31, 2020		December 31, 2019
Other borrowings, real estate notes payable (1)	$	21,867	$	22,876
$780.0 million unsecured revolving credit facility with interest approximating LIBOR (approximately 0.99% at March 31, 2020) plus 1.375% or Prime (3.25% at March 31, 2020) plus 0.375%	500,000		—
Total	$	521,867	$	22,876

(1)Reflects balance of non-recourse non-interest bearing notes payable in connection with land purchases.