Its Real
Estate segment secures entitlements and develops infrastructure on its lands for single - family residential and mixed - use communities, and manages its undeveloped land, commercial and income producing properties, mainly a hotel and its multifamily properties.
This
segment also provides construction, and land acquisition and development loans;
secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; and real
estate and mortgage brokerage services.