Quarterly report pursuant to Section 13 or 15(d)

LOANS PAYABLE AND OTHER BORROWINGS (Tables)

v3.5.0.2
LOANS PAYABLE AND OTHER BORROWINGS (Tables)
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Loans Payable and Other Borrowings
Loans payable and other borrowings consist of the following (in thousands):
 
 
As of
 
 
September 30, 2016
 
December 31, 2015
Other borrowings, real estate notes payable (1)
 
$
20,183

 
$
23,867

$500 million unsecured revolving credit facility with interest approximating LIBOR (approximately 0.53% at September 30, 2016) plus 1.75% or Prime (3.50% at September 30, 2016) plus 0.75%
 
25,000

 

Total
 
$
45,183

 
$
23,867

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