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VARIABLE INTEREST ENTITIES, CONTINGENT LIABILITIES AND CONSOLIDATED JOINT VENTURES (Details)
 1 Months Ended 12 Months Ended
Mar. 31, 2015
USD ($)
item
Jun. 30, 2014
USD ($)
item
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Variable Interest Entities        
Mortgage debt     $ 334,428,000 $ 292,049,000
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure        
Unbilled rent receivable     13,577,000 12,815,000
Maximum Exposure to Loss     16,137,000  
Restricted cash     1,074,000 1,607,000
Land     25,322,000 21,606,000
Accrued expenses and other liabilities     13,852,000 12,451,000
Non-controlling interests in consolidated joint ventures     1,931,000 1,628,000
Investment in unconsolidated joint ventures     11,350,000 4,907,000
Impairment charge       1,093,000
Noxell Corporation industrial building, Joppa, Maryland        
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure        
Ownership interest in consolidated joint venture of the company (as a percent)   95.00%    
Restricted assets     0 0
Land     3,815,000 3,805,000
Buildings and improvements, net of depreciation     7,856,000 8,069,000
Cash     1,021,000 527,000
Prepaid expenses and receivables     23,000 42,000
Accrued expenses and other liabilities     64,000 152,000
Non-controlling interests in consolidated joint ventures     328,000 312,000
Depreciation     328,000 $ 17,000
Impairment charge     $ 0  
Non Variable Interest Entity | Minimum | Consolidated JV        
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure        
Ownership interest in consolidated joint venture of the company (as a percent)     85.00%  
Non Variable Interest Entity | Maximum | Consolidated JV        
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure        
Ownership interest in consolidated joint venture of the company (as a percent)     95.00%  
MCB Real Estate LLC And Its Affiliates | Consolidated JV        
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure        
Investment in unconsolidated joint ventures     $ 19,238,000  
MCB Real Estate LLC And Its Affiliates | Consolidated JV | Pathmark supermarket in Philadelphia, Pennsylvania        
Variable Interest Entities        
Mortgage debt     4,500,000  
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure        
Investment in consolidated joint ventures     2,935,000  
Wrote off of straight line rent     89,000  
Wrote off of intangible lease liabilities     124,000  
Increase in rental income     35,000  
Wrote off of tenant origination costs     $ 380,000  
Percentage of rental income     0.90% 0.30%
Land - The Meadows Apartments, Lakemoor, Illinois        
Variable Interest Entities        
Contract purchase price (real estate) $ 9,300,000   $ 9,300,000  
Number of apartment units in the complex purchased | item 496      
Mortgage debt     43,824,000  
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure        
Land     9,592,000  
Land - The Meadows Apartments, Lakemoor, Illinois | Land        
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure        
Maximum Exposure to Loss     9,592,000  
Land - The Meadows Apartments, Lakemoor, Illinois | Unbilled rent receivable        
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure        
Maximum Exposure to Loss     10,000  
Land - River Crossing Apartments, Sandy Springs, Georgia        
Variable Interest Entities        
Contract purchase price (real estate)   $ 6,510,000   $ 6,510,000
Number of apartment units in the complex purchased | item   196    
Mortgage debt     16,230,000  
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure        
Additional reserve received for tenant improvements     118,000 3,000
Restricted cash for tenant improvements and other reserve, net   $ 1,894,000 651,000 290,000
Restricted cash     1,074,000 1,607,000
Land       6,516,000
Land - River Crossing Apartments, Sandy Springs, Georgia | Land        
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure        
Maximum Exposure to Loss     6,528,000  
Land - River Crossing Apartments, Sandy Springs, Georgia | Unbilled rent receivable        
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure        
Maximum Exposure to Loss     7,000  
The Meadows Apartments, Lakemoor, Illinois and River Crossing Apartments, Sandy Springs, Georgia        
Variable Interest Entities        
Revenue from the ground lease     $ 1,280,000 $ 531,000