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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details) | 1 Months Ended | 3 Months Ended | 9 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Apr. 30, 2012 | Sep. 30, 2015 USD ($) loan Joint_Venture | Sep. 30, 2014 USD ($) loan | Sep. 30, 2015 USD ($) loan Joint_Venture | Sep. 30, 2014 USD ($) loan | Aug. 07, 2015 USD ($) | Dec. 31, 2014 USD ($) | Mar. 22, 2013 | Apr. 15, 2011
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Investments in unconsolidated joint ventures |  | $ 33,793,000 |  | $ 33,793,000 |  |  | $ 6,041,000 |  |
Number of unconsolidated joint ventures | Joint_Venture |  | 1 |  | 1 |  |  |  |  |
Management fee |  | $ 3,483,000 | $ 2,715,000 | $ 10,857,000 | $ 7,216,000 |  |  |  |
Expenses from investment |  | (4,626,000) | (3,727,000) | (11,987,000) | (12,571,000) |  |  |  |
Interest costs capitalized |  |  |  | (128,000) | 0 |  |  |  |
LCRIP I |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Investments in unconsolidated joint ventures |  | 49,000 |  | 49,000 |  |  | 3,898,000 |  |
Minimum average net equity partnership investment as a basis for management fee reduction |  |  |  | 100,000,000 |  |  |  |  |
Management fee |  | $ 0 | $ 83,873 | $ 77,447 | $ 312,417 |  |  |  |
Number of loans sold to a related party | loan |  | 0 | 0 | 0 | 0 |  |  |  |
Gain on sale of loans deferred (as a percent) |  |  |  | 10.00% |  |  |  |  |
Maximum additional distribution percentage if return thresholds are met |  |  |  | 25.00% |  |  |  |  |
LCRIP I | LP Units |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Ownership interest (as a percent) |  | 10.00% |  | 10.00% |  |  |  |  | 10.00%
Percentage of costs related to assets the Company is obligated to provide |  | 10.00% |  | 10.00% |  |  |  |  |
Grace Lake JV, LLC |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Investments in unconsolidated joint ventures |  | $ 2,753,000 |  | $ 2,753,000 |  |  | 2,143,000 |  |
Percentage of investment of operating partner |  |  |  | 75.00% |  |  |  |  |
Percentage of equity kicker received with right to convert upon capital event | 25.00% |  |  |  |  |  |  |  |
Preferred return used to determine distribution of excess cash flow (as a percent) |  |  |  | 8.25% |  |  |  |  |
Percentage of distribution of all excess cash flows and all disposition proceeds upon any sale entitled after consideration of preferred return and return of equity remaining in the property to operating partner |  |  |  | 25.00% |  |  |  |  |
Grace Lake JV, LLC | LP Units |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Ownership interest (as a percent) |  | 25.00% |  | 25.00% |  |  |  | 25.00% |
Grace Lake JV, LLC | Limited liability company |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Ownership interest (as a percent) |  | 25.00% |  | 25.00% |  |  |  |  |
24 Second Avenue |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Investments in unconsolidated joint ventures |  | $ 30,991,000 |  | $ 30,991,000 |  |  | $ 0 |  |
Ownership interest (as a percent) |  | 73.80% |  | 73.80% |  |  |  |  |
Amount contributed |  |  |  |  |  | $ 31,100,000 |  |  |
Expenses from investment |  | $ (200,000) |  | $ (200,000) |  |  |  |  |
Interest costs capitalized |  | $ 100,000 |  | $ 100,000 |  |  |  |  |
Operating Partner | 24 Second Avenue |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Ownership interest (as a percent) |  |  |  |  |  | 26.20% |  |  |

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