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)
9 Months Ended
Sep. 30, 2017
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, 2017
 
December 31, 2016
Other borrowings, real estate notes payable (1)
 
$
13,082

 
$
17,195

$625 million unsecured revolving credit facility with interest approximating LIBOR (approximately 1.23% at September 30, 2017) plus 1.75% or Prime (4.25% at September 30, 2017) plus 0.75%
 
25,000

 
15,000

Total
 
$
38,082

 
$
32,195

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