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INVESTMENT IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES - Additional Information (Details)
1 Months Ended 3 Months Ended
Apr. 30, 2012
Mar. 31, 2020
USD ($)
property
Mar. 31, 2019
USD ($)
Mar. 22, 2013
Schedule of Equity Method Investments [Line Items]        
Distributions from operations of investment in unconsolidated joint ventures   $ 0 $ 3,067,000  
Income (expenses) from investment   $ (3,974,000) (3,863,000)  
Grace Lake JV, LLC        
Schedule of Equity Method Investments [Line Items]        
Percentage of equity kicker received with right to convert upon capital event 25.00%      
Preferred return used to determine distribution of excess cash flow   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%    
Distributions from operations of investment in unconsolidated joint ventures   $ 0 3,100,000  
Grace Lake JV, LLC | Ladder Capital Financial Corporation        
Schedule of Equity Method Investments [Line Items]        
Percentage of investment of operating partner   81.00%    
Grace Lake JV, LLC | LP Units        
Schedule of Equity Method Investments [Line Items]        
Ownership interest       19.00%
Grace Lake JV, LLC | Limited liability company        
Schedule of Equity Method Investments [Line Items]        
Ownership interest   19.00%    
24 Second Avenue Holdings LLC        
Schedule of Equity Method Investments [Line Items]        
Income (expenses) from investment   $ 300,000 500,000  
Interest costs capitalized     100,000  
24 Second Avenue Holdings LLC | Apartment Building        
Schedule of Equity Method Investments [Line Items]        
Number of real estate properties | property   30    
24 Second Avenue Holdings LLC | Apartment Building | Real Estate Property Sold        
Schedule of Equity Method Investments [Line Items]        
Number of real estate properties, under contract | property   19    
Real estate properties, under contract   $ 49,600,000    
24 Second Avenue Holdings LLC | Other        
Schedule of Equity Method Investments [Line Items]        
Number of real estate properties | property   1    
24 Second Avenue Holdings LLC | Mezzanine Loan        
Schedule of Equity Method Investments [Line Items]        
Committed amount on credit agreement     6,500,000  
24 Second Avenue Holdings LLC | Co-venturer        
Schedule of Equity Method Investments [Line Items]        
Loans payable outstanding from unconsolidated joint venture   $ 19,000,000.0    
24 Second Avenue Holdings LLC | Co-venturer | Construction Loan        
Schedule of Equity Method Investments [Line Items]        
Common equity interest     35,000,000.0  
Preferred equity position     35,000,000.0  
Loan refinance     50,400,000  
Committed amount on credit agreement     $ 48,100,000  
Remaining capital commitment to operating partner   $ 0