Quarterly report pursuant to Section 13 or 15(d)

LOANS PAYABLE AND OTHER BORROWINGS (Tables)

v3.8.0.1
LOANS PAYABLE AND OTHER BORROWINGS (Tables)
3 Months Ended
Mar. 31, 2018
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, 2018
 
December 31, 2017
Other borrowings, real estate notes payable (1)
 
$
16,854

 
$
17,354

$625 million unsecured revolving credit facility with interest approximating LIBOR (approximately 1.88% at March 31, 2018) plus 1.75% or Prime (4.75% at March 31, 2018) plus 0.75%
 

 

Total
 
$
16,854

 
$
17,354

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