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NOTES RECEIVABLE AND PREFERRED EQUITY INVESTMENT Schedule of Notes Receivable (Details) (USD $)
 1 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended
Dec. 31, 2011
properties
Dec. 31, 2009
extension_options
Dec. 31, 2011
properties
Dec. 31, 2010
Dec. 31, 2009
extension_options
Sep. 30, 2011
Dec. 31, 2008
Dec. 31, 2011
Zero Coupon Loan [Member]
Dec. 31, 2011
Mezzanine Loan Due 2013 [Member]
Feb. 28, 2011
Mezzanine Loan Due With Capital Event [Member]
Dec. 31, 2011
Mezzanine Loan Due With Capital Event [Member]
Dec. 31, 2011
Mezzanine Loan Due 2017 [Member]
Dec. 31, 2011
First Mortgage Loan Due 2012 [Member]
Dec. 31, 2011
First Mortgage Loan Due on Demand [Member]
Sep. 30, 2011
First Mortgage Loan Due 2012 Second [Member]
members_of_entity
Dec. 31, 2011
First Mortgage Loan Due 2012 Second [Member]
Oct. 31, 2011
Construction Loans [Member]
extension_options
Dec. 31, 2011
Construction Loans [Member]
May 31, 2011
Mezzanine Loan [Member]
Dec. 31, 2011
First Mortgage Loan Due 2012 Third [Member]
properties
locations
extension_options
Dec. 31, 2011
First Mortgage Loan Due 2012 Third [Member]
properties
locations
extension_options
Dec. 31, 2011
Individually Less Than 3% [Member]
Dec. 31, 2011
Individually Less Than 3% [Member]
Minimum [Member]
Dec. 31, 2011
Individually Less Than 3% [Member]
Maximum [Member]
Apr. 30, 2010
First Mortgage [Member]
Dec. 31, 2009
First Mortgage [Member]
Dec. 31, 2010
First Mortgage [Member]
properties
Sep. 30, 2011
Core Portfolio [Member]
Georgetown Portfolio [Member]
properties
Sep. 30, 2011
Core Portfolio [Member]
Georgetown Portfolio [Member]
Mezzanine Loan [Member]
Aug. 31, 2009
Pennsylvania
First Mortgage Loan, Secured By Property [Member]
Aug. 31, 2009
Long Island, New York [Member]
First Mortgage Loan Secured By Interest in Single Tenant Property [Member]
Jun. 30, 2009
South Carolina
First Mortgage Loan, Secured By Property [Member]
Mar. 31, 2009
South Carolina
First Mortgage Loan, Secured By Property [Member]
Sep. 30, 2010
Preferred Equity Investment [Member]
Mortgage Loans on Real Estate [Line Items]                                                                    
Effective interest rate               24.00% 10.00% 15.00% 15.00% 17.50% 12.00% 10.77% 7.00% 7.00%   20.51%     6.00%   10.00% 12.00%                    
Prior liens               $ 166,200,000 [1] $ 85,835,000 [1]   $ 11,925,000 [1] $ 37,700,000 [1]                                            
Face amount of mortgages 71,025,000 8,600,000 71,025,000   8,600,000     5,644,000 [1] 9,089,000 [1] 3,834,000 [1] 3,834,000 [1] 3,550,000 [1] 8,500,000 [2] 10,000,000 [1] 4,000,000 [2] 4,000,000 [2] 5,400,000 [1] 5,400,000 [1]   12,609,000 [2] 12,609,000 [2] 8,399,000             8,000,000          
Carrying amount of mortgages 59,989,000 125,221,000 59,989,000 89,202,000 125,221,000   125,587,000 3,563,000 [1] 9,089,000 [1]   3,834,000 [1] 2,173,000 [1] 8,500,000 [2] 10,000,000 [1]   4,000,000 [2]   5,400,000 [1]   12,609,000 [2] 12,609,000 [2] 821,000                        
Number of locations sold                                       15 15                          
Number of Properties Collateralized 29   29                                 14 14           3 5            
Number of extension options   2     2                       1     2 2                          
Effective interest rate, first extension option                                       9.00%                            
Effective interest rate, second extension option                                       12.00%                            
Effective interest rate, extension option   14.50%                             15.00%                                  
Number of Members of Entity Which Own Shopping Center                             2                                      
Assignment of Mortgage Loan           17,000,000                                                        
Mortgage Loans on Real Estate, Collection of Required Payment                   1,900,000                 54,700,000           2,100,000 4,700,000         5,100,000 700,000 300,000  
Mortgage Loans on Real Estate, Collections of Principal 8,600,000   56,517,000 42,010,000 13,614,000                           33,800,000                     2,800,000        
Mortgage Loans on Real Estate, Collection of Required Payment, Accrued Interest Portion 1,000,000                                   13,400,000                              
Mortgage Loans on Real Estate, Collection of Required Payment, Exit Fee Portion                                     7,500,000                              
Preferred Equity Investment, Collection of Required Payment                                                                   49,400,000
Preferred Equity Investment, Collection of Required Payment, Invested Capital Portion                                                                   40,000,000
Preferred Equity Investment, Collection of Required Payment, Accrued Preferred Return Portion                                                                   $ 9,400,000
Period of extension options   6 months                             6 months     6 months                            
Number of Properties Collateralized, Sold                                                     2              
Mortgage Loans on Real Estate, Period of Original Term of Loan   1 year                                                                
[1] Interest only payable monthly, principal due on maturity.
[2] Payable upon maturity.