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OPERATING SEGMENTS (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Segment Reporting Information [Line Items]    
Rental and other property revenues $ 29,205 $ 23,156
Property operating expenses (15,216) (11,668)
Loan charges and prepayment penalties (689) (1,850)
Interest income 5,291 5,237
Gain (loss) on sale of income producing properties (244)  
Gain (loss) on land sales 1,652 2,876
Segment operating income (loss) 3,324 2,001
Real estate assets 855,371  
Commercial Properties [Member]    
Segment Reporting Information [Line Items]    
Rental and other property revenues 7,890 7,091
Property operating expenses (5,095) (4,267)
Depreciation (2,314) (1,927)
Mortgage and loan interest (1,974) (1,616)
Gain (loss) on sale of income producing properties (244)  
Segment operating income (loss) (1,737) (719)
Capital expenditures 1,401 3,192
Real estate assets 152,945 143,686
Property Sales    
Sales price 1,500  
Cost of sale (1,744)  
Gain (loss) on sale (244)  
Apartments [Member]    
Segment Reporting Information [Line Items]    
Rental and other property revenues 21,315 16,019
Property operating expenses (9,394) (7,042)
Depreciation (3,534) (2,795)
Mortgage and loan interest (5,502) (4,333)
Loan charges and prepayment penalties (655) (1,850)
Segment operating income (loss) 2,230 (1)
Capital expenditures   257
Real estate assets 556,294 387,847
Land [Member]    
Segment Reporting Information [Line Items]    
Property operating expenses (747) (349)
Mortgage and loan interest (312) (1,116)
Gain (loss) on land sales 1,652 2,876
Segment operating income (loss) 593 1,411
Capital expenditures 770 826
Real estate assets 146,132 165,073
Property Sales    
Sales price 4,180 7,257
Cost of sale (2,528) (4,381)
Gain (loss) on sale 1,652 2,876
Other [Member]    
Segment Reporting Information [Line Items]    
Rental and other property revenues   46
Property operating expenses 20 (10)
Depreciation 18 18
Mortgage and loan interest (5,737) (2,729)
Loan charges and prepayment penalties (34)  
Interest income 5,291 5,237
Segment operating income (loss) (442) 2,562
Total Segments [Member]    
Segment Reporting Information [Line Items]    
Rental and other property revenues 29,205 23,156
Property operating expenses (15,216) (11,668)
Depreciation (5,830) (4,704)
Mortgage and loan interest (13,525) (9,794)
Loan charges and prepayment penalties (689) (1,850)
Interest income 5,291 5,237
Gain (loss) on sale of income producing properties (244)  
Gain (loss) on land sales 1,652 2,876
Segment operating income (loss) 644 3,253
Capital expenditures 2,171 4,275
Real estate assets 855,371 696,606
Property Sales    
Sales price 5,680 7,257
Cost of sale (4,272) (4,381)
Gain (loss) on sale $ 1,408 $ 2,876