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REAL ESTATE ACTIVITY (Details) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Real Estate [Abstract]    
Apartments $ 653,451  
Apartments under construction 46,196  
Commercial properties 215,932  
Land held for development 96,661  
Real estate subject to sales contract 49,155  
Total real estate 1,061,395  
Less accumulated depreciation (159,991)  
Total real estate $ 901,404 $ 853,507