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OPERATING SEGMENTS (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Segment Reporting Information [Line Items]          
Rental and other property revenues $ 27,826 $ 19,326 $ 75,223 $ 57,986  
Property operating expenses (14,499) (10,766) (37,467) (30,677)  
Depreciation (6,569) (4,463) (16,410) (13,099)  
Interest income 3,950 5,106 13,722 15,264  
Gain on sale of income producing properties 735   735    
Gain on land sales 1,958 40 7,861 634  
Segment operating income (loss) (1,625) (1,702) 7,201 (1,169)  
Real estate assets 825,211   825,211   $ 699,763
Property Sales          
Gain on sale     735 14,826  
Commercial Properties [Member]          
Segment Reporting Information [Line Items]          
Rental and other property revenues 8,107 4,609 22,172 14,166  
Property operating expenses (4,434) (2,890) (12,042) (9,206)  
Depreciation (2,358) (1,944) (6,516) (5,515)  
Mortgage and loan interest (1,871) (1,325) (5,129) (4,469)  
Segment operating income (loss) (556) (1,550) (1,515) (5,024)  
Capital expenditures 1,404 486 7,539 3,476  
Real estate assets 161,876 129,361 161,876 129,361  
Property Sales          
Sales price   2,582   19,182  
Cost of sale   (812)   (10,409)  
Gain on sale   1,770   8,773  
Apartments [Member]          
Segment Reporting Information [Line Items]          
Rental and other property revenues 19,671 14,704 52,948 43,779  
Property operating expenses (9,373) (7,284) (24,243) (20,284)  
Depreciation (4,229) (2,537) (9,949) (7,656)  
Mortgage and loan interest (6,299) (5,334) (15,857) (15,512)  
Gain on sale of income producing properties 735   735    
Segment operating income (loss) 505 (451) 3,634 327  
Capital expenditures (43) 38 438 137  
Real estate assets 496,329 345,281 496,329 345,281  
Property Sales          
Sales price 11,129   11,129 23,131  
Cost of sale (10,394)   (10,394) (17,078)  
Gain on sale 735   735 6,053  
Land [Member]          
Segment Reporting Information [Line Items]          
Property operating expenses (422) (585) (936) (1,175)  
Mortgage and loan interest (1,345) (1,182) (3,766) (3,725)  
Gain on land sales 1,958 40 7,861 634  
Segment operating income (loss) 191 (1,727) 3,159 (4,266)  
Capital expenditures 1,461 1,435 2,772 1,586  
Real estate assets 163,867 165,144 163,867 165,144  
Property Sales          
Sales price 2,851 4,269 11,987 4,986  
Cost of sale (1,854) (4,229) (6,863) (4,352)  
Recognized prior deferred gain 961   2,737    
Gain on sale 1,958 40 7,861 634  
Other [Member]          
Segment Reporting Information [Line Items]          
Rental and other property revenues 48 13 103 41  
Property operating expenses (270) (7) (246) (12)  
Depreciation 18 18 55 72  
Mortgage and loan interest (5,511) (3,104) (11,711) (7,571)  
Interest income 3,950 5,106 13,722 15,264  
Segment operating income (loss) (1,765) 2,026 1,923 7,794  
Total Segments [Member]          
Segment Reporting Information [Line Items]          
Rental and other property revenues 27,826 19,326 75,223 57,986  
Property operating expenses (14,499) (10,766) (37,467) (30,677)  
Depreciation (6,569) (4,463) (16,410) (13,099)  
Mortgage and loan interest (15,026) (10,945) (36,463) (31,277)  
Interest income 3,950 5,106 13,722 15,264  
Gain on sale of income producing properties 735   735    
Gain on land sales 1,958 40 7,861 634  
Segment operating income (loss) (1,625) (1,702) 7,201 (1,169)  
Capital expenditures 2,822 1,959 10,749 5,199  
Real estate assets 822,072 639,786 822,072 639,786 $ 639,786
Property Sales          
Sales price 13,980 6,851 23,116 47,299  
Cost of sale (12,248) (5,041) (17,257) (31,839)  
Recognized prior deferred gain 961   2,737    
Gain on sale $ 2,693 $ 1,810 $ 8,596 $ 15,460