Annual report pursuant to Section 13 and 15(d)

LOANS PAYABLE AND OTHER BORROWINGS (Tables)

v3.6.0.2
LOANS PAYABLE AND OTHER BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Loans Payable and Other Borrowings
Loans payable and other borrowings consist of the following (in thousands):
 
 
At December 31,
 
 
2016
 
2015
Other borrowings, real estate note payable (1)
 
$
17,195

 
$
23,867

$540.0 million unsecured revolving credit facility with interest approximating LIBOR (approximately 0.77% at December 31, 2016) plus 1.75% or Prime (3.75% at December 31, 2016) plus 0.75%
 
15,000

 

Total
 
$
32,195

 
$
23,867

(1)
Reflects balance of non-recourse notes payable in connection with land purchases, with interest rates ranging from 0% to 8%.