Quarterly report pursuant to Section 13 or 15(d)

DEBT OBLIGATIONS (Details)

v3.7.0.1
DEBT OBLIGATIONS (Details)
 6 Months Ended
Jun. 30, 2017
USD ($)
property
Debt Instrument [Line Items]  
Carrying Value $ 475,032,000
Number of golf properties (in properties) | property 77
Total debt obligations  
Debt Instrument [Line Items]  
Outstanding Face Amount $ 477,536,000
Carrying Value $ 475,032,000
Weighted Average Funding Cost (as percent) 3.13%
Weighted Average Life 2 years 6 months 1 day
Face Amount of Floating Rate Debt $ 153,204,000
Repurchase Agreements  
Debt Instrument [Line Items]  
Outstanding Face Amount 307,689,000
Carrying Value $ 307,689,000
Weighted Average Funding Cost (as percent) 1.35%
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 307,689,000
Carrying Value $ 307,689,000
Weighted Average Coupon (as percent) 1.35%
Weighted Average Funding Cost (as percent) 1.35%
Weighted Average Life 1 month 1 day
Face Amount of Floating Rate Debt $ 0
FNMA/FHLMC Securities | Citi  
Debt Instrument [Line Items]  
Outstanding Face Amount 310,700,000
Amortized cost basis 318,000,000
Carrying value $ 319,200,000
Weighted average life 7 years 1 day
Credit Facilities and Capital Leases  
Debt Instrument [Line Items]  
Outstanding Face Amount $ 118,843,000
Carrying Value $ 116,131,000
Weighted Average Funding Cost (as percent) 7.72%
Weighted Average Life 2 years 3 months 1 day
Face Amount of Floating Rate Debt $ 102,200,000
Traditional Golf Term Loan  
Debt Instrument [Line Items]  
Outstanding Face Amount 102,000,000
Carrying Value $ 99,288,000
Weighted Average Funding Cost (as percent) 7.92%
Weighted Average Life 2 years 1 day
Face Amount of Floating Rate Debt $ 102,000,000
Number of golf properties (in properties) | property 22
Deferred financing costs $ 2,700,000
Traditional Golf Term Loan | London Interbank Offered Rate (LIBOR)  
Debt Instrument [Line Items]  
Variable interest rate spread (as percent) 4.70%
Variable rate (as percent) 1.80%
Traditional Golf Term Loan | 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 Cost (as percent) 2.20%
Weighted Average Life 26 years 6 months 1 day
Face Amount of Floating Rate Debt $ 200,000
Capital Leases (Equipment)  
Debt Instrument [Line Items]  
Outstanding Face Amount 16,643,000
Carrying Value $ 16,643,000
Weighted Average Funding Cost (as percent) 6.58%
Weighted Average Life 3 years 9 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 $ 51,212,000
Weighted Average Funding Cost (as percent) 3.39%
Weighted Average Life 17 years 9 months 1 day
Face Amount of Floating Rate Debt $ 51,004,000
Junior subordinated notes payable  
Debt Instrument [Line Items]  
Outstanding Face Amount 51,004,000
Carrying Value $ 51,212,000
Weighted Average Funding Cost (as percent) 3.39%
Weighted Average Life 17 years 9 months 1 day
Face Amount of Floating Rate Debt $ 51,004,000
Junior subordinated notes payable | London Interbank Offered Rate (LIBOR)  
Debt Instrument [Line Items]  
Variable interest rate spread (as percent) 2.25%