Quarterly report pursuant to Section 13 or 15(d)

DEBT OBLIGATIONS (Details)

v3.7.0.1
DEBT OBLIGATIONS (Details)
3 Months Ended
Mar. 31, 2017
USD ($)
property
Debt Instrument [Line Items]  
Carrying Value $ 476,695,000
Number of golf properties (in properties) | property 78
Repurchase Agreements  
Debt Instrument [Line Items]  
Outstanding Face Amount $ 310,630,000
Carrying Value $ 310,630,000
Weighted Average Funding (as percent) 1.02%
Weighted Average Life 1 month 1 day
Face Amount of Floating Rate Debt $ 0
Accrued interest payable 200,000
FNMA/FHLMC Securities  
Debt Instrument [Line Items]  
Outstanding Face Amount 310,630,000
Carrying Value $ 310,630,000
Weighted Average Coupon (as percent) 1.02%
Weighted Average Funding (as percent) 1.02%
Weighted Average Life 1 month 1 day
Face Amount of Floating Rate Debt $ 0
FNMA/FHLMC Securities | Jefferies  
Debt Instrument [Line Items]  
Outstanding Face Amount 319,400,000
Amortized cost basis 326,900,000
Carrying value $ 326,900,000
Weighted average life 7 years 8 months 1 day
Credit Facilities and Capital Leases  
Debt Instrument [Line Items]  
Outstanding Face Amount $ 117,872,000
Carrying Value $ 114,851,000
Weighted Average Funding (as percent) 7.72%
Weighted Average Life 2 years 6 months 1 day
Face Amount of Floating Rate Debt $ 102,200,000
Golf Term Loans  
Debt Instrument [Line Items]  
Outstanding Face Amount 102,000,000
Carrying Value $ 98,979,000
Weighted Average Funding (as percent) 7.92%
Weighted Average Life 2 years 3 months 1 day
Face Amount of Floating Rate Debt $ 102,000,000
Number of golf properties (in properties) | property 22
Deferred financing costs $ 3,000,000
Golf Term Loans | London Interbank Offered Rate (LIBOR)  
Debt Instrument [Line Items]  
Variable interest rate spread (as percent) 4.70%
Variable rate (as percent) 1.80%
Golf Term Loans | London Interbank Offered Rate (LIBOR) | Interest rate cap  
Debt Instrument [Line Items]  
Variable rate (as percent) 1.80%
Vineyard II  
Debt Instrument [Line Items]  
Outstanding Face Amount $ 200,000
Carrying Value $ 200,000
Weighted Average Coupon (as percent) 2.20%
Weighted Average Funding (as percent) 2.20%
Weighted Average Life 26 years 8 months 1 day
Face Amount of Floating Rate Debt $ 200,000
Capital Leases (Equipment)  
Debt Instrument [Line Items]  
Outstanding Face Amount 15,672,000
Carrying Value $ 15,672,000
Weighted Average Funding (as percent) 6.56%
Weighted Average Life 3 years 11 months 1 day
Face Amount of Floating Rate Debt $ 0
Capital Leases (Equipment) | Lower Range  
Debt Instrument [Line Items]  
Weighted Average Coupon (as percent) 3.00%
Capital Leases (Equipment) | Upper Range  
Debt Instrument [Line Items]  
Weighted Average Coupon (as percent) 16.16%
Corporate  
Debt Instrument [Line Items]  
Outstanding Face Amount $ 51,004,000
Carrying Value $ 51,214,000
Weighted Average Funding (as percent) 3.26%
Weighted Average Life 18 years 1 month 1 day
Face Amount of Floating Rate Debt $ 51,004,000
Junior subordinated notes payable (F)  
Debt Instrument [Line Items]  
Outstanding Face Amount 51,004,000
Carrying Value $ 51,214,000
Weighted Average Funding (as percent) 3.26%
Weighted Average Life 18 years 1 month 1 day
Face Amount of Floating Rate Debt $ 51,004,000
Junior subordinated notes payable (F) | London Interbank Offered Rate (LIBOR)  
Debt Instrument [Line Items]  
Variable interest rate spread (as percent) 2.25%
Total debt obligations  
Debt Instrument [Line Items]  
Outstanding Face Amount $ 479,506,000
Carrying Value $ 476,695,000
Weighted Average Funding (as percent) 2.88%
Weighted Average Life 2 years 7 months 1 day
Face Amount of Floating Rate Debt $ 153,204,000