LOANS PAYABLE AND OTHER BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Loans Payable and Other Borrowings

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

	As of
	June 30, 2020		December 31, 2019
Other borrowings, real estate notes payable (1)	$	20,889	$	22,876
$780.0 million unsecured revolving credit facility with interest approximating LIBOR (approximately 0.16% at June 30, 2020) plus 1.375% or Prime (3.25% at June 30, 2020) plus 0.375%	—		—
Total	$	20,889	$	22,876

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