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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