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OPERATING SEGMENTS (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues | $ 24,241 | $ 19,500 | $ 47,397 | $ 38,659 |
Property operating expenses | (11,301) | (9,983) | (22,969) | (19,911) |
Depreciation | (5,137) | (4,323) | (9,841) | (8,636) |
Mortgage and loan interest | (9,794) | (9,693) | (21,439) | (20,332) |
Interest income | 4,535 | 6,041 | 9,772 | 10,158 |
Gain on land sales | 3,027 | (159) | 5,903 | 594 |
Segment operating income (loss) | 5,571 | 1,383 | 8,823 | 532 |
Capital expenditures | 3,652 | 2,027 | 7,927 | 3,242 |
Real estate assets | 801,914 |  | 801,914 |  | $ 699,763
Property Sales |  |  |  |  |
Sales price | 1,878 | 17,317 | 9,135 | 42,098 |
Cost of sale | (628) | (10,473) | (5,009) | (28,447) |
Recognized prior deferred gain | 1,777 |  | 1,777 |  |
Gain on sale | 3,027 | 6,844 | 5,903 | 13,651 |
Commercial Properties [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues | 6,974 | 4,776 | 14,065 | 9,557 |
Property operating expenses | (3,341) | (3,169) | (7,608) | (6,316) |
Depreciation | (2,230) | (1,757) | (4,157) | (3,571) |
Mortgage and loan interest | $ (1,642) | $ (1,645) | $ (3,258) | $ (3,144) |
Interest income |  |  |  |  |
Gain on land sales |  |  |  |  |
Segment operating income (loss) | $ (239) | $ (1,795) | $ (958) | $ (3,474) |
Capital expenditures | 2,943 | 1,862 | 6,135 | 2,992 |
Real estate assets | 162,333 | 131,193 | 162,333 | 131,193 |
Property Sales |  |  |  |  |
Sales price |  | 16,600 |  | 16,600 |
Cost of sale |  | (9,597) |  | (9,597) |
Gain on sale |  | 7,003 |  | 7,003 |
Apartments [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues | 17,258 | 14,706 | 33,277 | 29,074 |
Property operating expenses | (7,829) | (6,535) | (14,871) | (13,000) |
Depreciation | (2,926) | (2,585) | (5,721) | (5,119) |
Mortgage and loan interest | $ (3,377) | $ (3,869) | $ (9,560) | $ (10,178) |
Interest income |  |  |  |  |
Gain on land sales |  |  |  |  |
Segment operating income (loss) | $ 3,126 | $ 1,717 | $ 3,125 | $ 777 |
Capital expenditures | 224 | 99 | 481 | 99 |
Real estate assets | $ 473,908 | $ 372,674 | $ 473,908 | 372,674 |
Property Sales |  |  |  |  |
Sales price |  |  |  | 23,131 |
Cost of sale |  |  |  | (17,077) |
Gain on sale |  |  |  | $ 6,054 |
Hotels [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues |  |  |  |  |
Property operating expenses |  |  |  |  |
Depreciation |  |  |  |  |
Mortgage and loan interest |  |  |  |  |
Interest income |  |  |  |  |
Gain on land sales |  |  |  |  |
Segment operating income (loss) |  |  |  |  |
Capital expenditures |  |  |  |  |
Real estate assets |  |  |  |  |
Land [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues |  |  |  |  |
Property operating expenses | $ (165) | $ (279) | $ (514) | $ (590) |
Depreciation |  |  |  |  |
Mortgage and loan interest | $ (1,304) | $ (1,458) | $ (2,421) | $ (2,543) |
Interest income |  |  |  |  |
Gain on land sales | $ 3,027 | $ (159) | $ 5,903 | $ 594 |
Segment operating income (loss) | 1,558 | (1,896) | 2,968 | (2,539) |
Capital expenditures | 485 | 66 | 1,311 | 151 |
Real estate assets | 165,673 | 167,293 | 165,673 | 167,293 |
Property Sales |  |  |  |  |
Sales price | 1,878 | 717 | 9,135 | 2,367 |
Cost of sale | (628) | (876) | (5,009) | (1,773) |
Recognized prior deferred gain | 1,777 |  | 1,777 |  |
Gain on sale | 3,027 | (159) | 5,903 | 594 |
Other [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Rental and other property revenues | 9 | $ 18 | 55 | 28 |
Property operating expenses | 34 |  | 24 | (5) |
Depreciation | 19 | $ 19 | 37 | 54 |
Mortgage and loan interest | (3,471) | (2,721) | (6,200) | (4,467) |
Interest income | $ 4,535 | $ 6,041 | $ 9,772 | $ 10,158 |
Gain on land sales |  |  |  |  |
Segment operating income (loss) | $ 1,126 | $ 3,357 | $ 3,688 | $ 5,768 |
Capital expenditures |  |  |  |  |
Real estate assets |  |  |  |  |

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