OPERATING SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Schedule of operating segment information

The Company’s segments by use of property are land and other (dollars in thousands): 

For the Twelve Months Ended December 31, 2017	Land		Other			Total
Operating revenue	$	—	$	—		$	—
Operating expenses		—		(1	)		(1	)
Interest income		—		4,237			4,237
Other Income		—		250			250
Segment operating income (loss)	$	—	$	4,486		$	4,486
Capital expenditures		—		—			—
Assets		22,717		—			22,717

For the Twelve Months Ended December 31, 2016	Land		Other		Total
Operating revenue	$	—	$	—	$	—
Interest income		—		4,494		4,494
Segment operating income (loss)	$	—	$	4,494	$	4,494
Capital expenditures		—		—		—
Assets		22,717		—		22,717

For the Twelve Months Ended December 31, 2015	Land			Other			Total
Operating revenue	$	—		$	—		$	—
Operating expenses		(26	)		(35	)		(61	)
Mortgage and loan interest		(652	)		—			(652	)
Interest income		—			4,376			4,376
Segment operating income (loss)	$	(678	)	$	4,341		$	3,663
Assets		22,717			—			22,717

Schedule reconcile the segment information to the corresponding amounts in the Consolidated Statements of Operations

The table below reflects the reconciliation of the segment information to the corresponding amounts in the Consolidated Statements of Operations (dollars in thousands):

	2017			2016			2015
Segment operating income	$	4,487		$	4,494		$	3,663
Other non-segment items of income (expense)
General and administrative		(438	)		(396	)		(466	)
Net income fee		(250	)		(257	)		(187	)
Advisory fee to related party		(660	)		(639	)		(704	)
Income tax expense		(1,631	)		(1,121	)		(807	)
Net income	$	1,508		$	2,081		$	1,499

Schedule reconciles the segment information to the corresponding amounts in the Consolidated Balance Sheets

The table below reflects the reconciliation of the segment information to the corresponding amounts in the Consolidated Balance Sheets (dollars in thousands):

	2017		2016
Segment assets	$	22,717	$	22,717
Notes and interest receivable		14,030		23,659
Other assets and receivables		51,150		40,026
Total assets	$	87,897	$	86,402