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EARNINGS PER SHARE (Details Narrative) - USD ($)
$ in Thousands
 6 Months Ended
Apr. 09, 2015
Jul. 17, 2014
Jun. 30, 2015
Dec. 31, 2014
May. 30, 2014
Preferred stock outstanding"     2,000,614 2,461,252  
Stock options outstanding       1,000  
Series A Cumulative Convertible Preferred Stock [Member]          
Preferred stock outstanding"     2,000,614   900,000
Description of conversion basic    

These shares may be converted into common stock at 90% of the average daily closing price of the common stock for the prior 20 trading days.

    
Series A Cumulative Convertible Preferred Stock [Member] | Transcontinential Realty Investors [Member]          
Preferred stock outstanding"     600,000    
Series A Cumulative Convertible Preferred Stock [Member] | ART Edina, Inc [Member]          
Preferred stock outstanding"     300,000    
Series A Cumulative Convertible Preferred Stock [Member] | RAI [Member]          
Preferred stock outstanding"   2,451,435 1,100,000    
Accrued dividends unpaid   $ 15,100 $ 8,100    
Number of preferred stock converted 460,638 890,797      
Accumulated dividends unpaid upon conversion $ 2,300 $ 6,300      
Number of common stock issued for conversion 1,486,741 2,502,230