Annual report pursuant to Section 13 and 15(d)

LOANS PAYABLE AND OTHER BORROWINGS (Tables)

v3.19.3.a.u2
LOANS PAYABLE AND OTHER BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Loans Payable and Other Borrowings
Loans payable and other borrowings consist of the following (in thousands):
At December 31,
2019 2018
Other borrowings, real estate note payable (1) $ 22,876    $ 14,773   
$780.0 million unsecured revolving credit facility with interest approximating LIBOR (approximately 1.76% at December 31, 2019) plus 1.375% or Prime (4.75% at December 31, 2019) plus 0.375%
—    —   
Total $ 22,876    $ 14,773   
(1)Reflects balance of non-recourse non-interest bearing notes payable in connection with land purchases as of December 31, 2019.