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NOTES RECEIVABLE, PREFERRED EQUITY, AND OTHER REAL ESTATE RELATED INVESTMENTS Schedule of Notes Receivable (Details)
$ in Thousands
 1 Months Ended 12 Months Ended
Feb. 28, 2015
USD ($)
Dec. 31, 2015
USD ($)
extension_option
loan
Dec. 31, 2014
USD ($)
loan
Jul. 31, 2015
USD ($)
borrower
loan
Jun. 30, 2015
USD ($)
May. 31, 2015
USD ($)
Apr. 30, 2015
USD ($)
Dec. 31, 2013
USD ($)
Dec. 31, 2012
USD ($)
Mortgage Loans on Real Estate [Line Items]                  
Net carrying amount of notes receivable   $ 147,188 $ 102,286         $ 126,656 $ 129,278
152 - 154 Spring Street [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Percent Owned         10.00%        
Mezzanine Loan, 12.7% Loan [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Effective interest rate [1],[2]   12.70%              
First Priority Liens [1]   $ 18,900              
Net carrying amount of notes receivable   $ 0 [1] 8,000 [1] $ 8,000          
First Mortgage Loan, 8.8% Loan [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Effective interest rate [2]   8.80%              
First Priority Liens   $ 0              
Net carrying amount of notes receivable   $ 7,500 7,500            
Zero Coupon Loan, 24% Loan [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Effective interest rate [2],[3],[4]   24.00%              
First Priority Liens [3],[4]   $ 166,200              
Net carrying amount of notes receivable   $ 0 [3],[4] 4,986 [3],[4]       $ 5,600    
First Mortgage Loan, 5.5% Loan [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Effective interest rate [2]   5.50%              
First Priority Liens   $ 0              
Net carrying amount of notes receivable   $ 4,000 4,000            
Number of loan extensions | extension_option   1              
Length of loan extension   6 months              
First Mortgage Loan, 6.0% Loan [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Effective interest rate [2]   6.00% [5]       6.00%      
First Priority Liens [5]   $ 0              
Net carrying amount of notes receivable   $ 15,000 [5] 0 [5]     $ 15,000      
Number of loan extensions | extension_option   1              
Length of loan extension   12 months              
Preferred Equity, 13.5% Loan [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Effective interest rate [2]   13.50%              
First Priority Liens   $ 0              
Net carrying amount of notes receivable   4,000 4,000            
Other Loan, 17% Loan [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Effective interest rate [2],[6]         17.00%        
First Priority Liens [6]   0              
Net carrying amount of notes receivable   $ 0 [6] 0 [6]   $ 6,500        
Other Loan, 18% Loan [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Effective interest rate [2],[7]   18.00%              
First Priority Liens [7]   $ 0              
Net carrying amount of notes receivable [7]   3,907 3,307            
Payments to Acquire Loans Receivable   $ 600              
Preferred Equity, 8.1% Loan [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Effective interest rate [2]   8.10%              
First Priority Liens   $ 20,855              
Net carrying amount of notes receivable   $ 13,000 13,000            
First Mortgage Loan, 7.1% LIBOR Loan [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Basis spread on variable rate [2],[8]   7.10%              
First Priority Liens [8]   $ 0              
Net carrying amount of notes receivable   $ 26,000 [8] 0 [8]   $ 26,000        
Number of loan extensions | extension_option   1              
Length of loan extension   12 months              
Zero Coupon Loan, 2.5% Loan [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Effective interest rate [2],[4],[9]         2.50%        
First Priority Liens [4],[9]   $ 0              
Net carrying amount of notes receivable   $ 30,234 [4],[9] 0 [4],[9]   $ 29,800        
Mezzanine, 15% Loan [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Effective interest rate [2]   15.00%              
First Priority Liens   $ 0              
Net carrying amount of notes receivable   $ 30,879 30,879            
Other Loan, 2.5% LIBOR Loan [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Basis spread on variable rate [2]   2.50%              
First Priority Liens   $ 0              
Net carrying amount of notes receivable   $ 0 4,000            
Mezzanine Loan, 10.0% Loan [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Effective interest rate [2],[10]   10.00%              
First Priority Liens [10]   $ 87,477              
Net carrying amount of notes receivable [10]   $ 0 7,983            
Number of cross-collateralized loans | loan       3          
Number of borrowers | borrower       1          
First Mortgage, 7.7% Loan [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Effective interest rate [2],[11]   7.70%              
First Priority Liens [11]   $ 0              
Net carrying amount of notes receivable [11]   12,000 12,000            
Individually Less Than 3%, Variable Interest Rate [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
First Priority Liens [12],[13],[14]   0              
Net carrying amount of notes receivable   $ 668 [12],[13],[14] $ 2,631 [12],[13],[14]   $ 1,900        
Number of loans | loan   1 3            
Payments to Acquire Loans Receivable $ 400                
Individually Less Than 3%, Variable Interest Rate [Member] | Minimum [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Basis spread on variable rate [2],[12],[13],[14]   2.50%              
Individually Less Than 3%, Variable Interest Rate [Member] | Maximum [Member]                  
Mortgage Loans on Real Estate [Line Items]                  
Basis spread on variable rate [2],[12],[13],[14]   11.60%              
[1] During July 2015, the Company received repayment in full of this $8.0 million note.
[2] Includes origination and exit fees
[3] During April 2015, the Company converted a $5.6 million loan into an equity interest in the Route 202 Shopping Center (Note 2).
[4] The principal balances for these accrual-only loans are increased by the interest accrued.
[5] During May 2015, the Company made a $15.0 million loan, which is collateralized by a property, bears interest at 6.0% and matures May 1, 2016.
[6] During June 2015, the Company made a $6.5 million loan, which bore interest at 17.0% and was scheduled to mature June 1, 2016. During October 2015, this loan was converted into an equity interest in 650 Bald Hill Road (Note 2).
[7] During 2015, the Company advanced an additional $0.6 million on this loan collateralized by a property.
[8] During June 2015, the Company made a $26.0 million loan, which is collateralized by a property.
[9] During June 2015, the Company made a $29.8 million loan in connection with the disposition of City Point's Phase III (Note 2), which is collateralized by the purchaser's interest in the property.
[10] Comprised of three cross-collateralized loans from one borrower, which were non-performing. During July 2015, the Company received repayment of these notes in full as well as all accrued interest and default interest and additional penalties.
[11] Loan was non-performing as of December 31, 2015. Based on the value of the underlying collateral, no reserve has been established against this loan.
[12] Consists of one loan as of December 31, 2015 and three loans as of December 31, 2014.
[13] During February 2015, the Company advanced an additional $0.4 million on this loan collateralized by a property.
[14] During June 2015, the Company converted a $1.9 million loan into an equity interest in the remaining 10% of 152-154 Spring Street.