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OPERATING SEGMENTS (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Segment Reporting Information [Line Items]        
Rental and other property revenues $ 30,834 $ 24,241 $ 60,039 $ 47,397
Property operating expenses (15,191) (11,301) (30,407) (22,969)
Interest income 4,788 4,535 10,079 9,772
Gain (loss) on sale of income producing properties 5,168   4,925  
Gain on land sales 1,719 3,027 3,370 5,903
Segment operating income (loss) 4,622 3,853 7,946 5,853
Real estate assets 901,404   901,404  
Commercial Properties [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 8,947 6,974 16,838 14,065
Property operating expenses (4,836) (3,341) (9,931) (7,608)
Depreciation (2,270) (2,230) (4,584) (4,157)
Mortgage and loan interest (1,696) (1,693) (3,671) (3,259)
Gain (loss) on sale of income producing properties 6   6  
Segment operating income (loss) 151 (290) (1,342) (959)
Capital expenditures 680 2,943 2,080 6,135
Real estate assets 151,759 162,333 151,759 162,333
Property Sales        
Sales price     1,500  
Cost of sale     (1,743)  
Gain (loss) on sale     (243)  
Apartments [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 21,856 17,258 43,170 33,277
Property operating expenses (10,168) (7,829) (19,562) (14,871)
Depreciation (3,616) (2,926) (7,151) (5,721)
Mortgage and loan interest (6,109) (3,376) (12,265) (9,559)
Gain (loss) on sale of income producing properties 5,162   4,919  
Segment operating income (loss) 7,125 3,127 9,111 3,126
Capital expenditures (146) 224 (146) 481
Real estate assets 603,829 473,908 603,829 473,908
Property Sales        
Sales price 8,100   8,100  
Cost of sale (2,932)   (2,932)  
Gain (loss) on sale 5,168   5,168  
Land [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 30   30  
Property operating expenses (169) (165) (916) (514)
Mortgage and loan interest (841) (1,304) (1,153) (2,421)
Gain on land sales 1,719 3,027 3,370 5,903
Segment operating income (loss) 739 1,558 1,331 2,968
Capital expenditures 727 485 1,498 1,311
Real estate assets 145,816 165,673 145,816 165,673
Property Sales        
Sales price 3,154 1,878 7,334 9,135
Cost of sale (1,435) (628) (3,964) (5,009)
Recognized prior deferred gain   1,777   1,777
Gain (loss) on sale 1,719 3,027 3,370 5,903
Other [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 1 9 1 55
Property operating expenses (18) 34 2 24
Depreciation 18 19 37 37
Mortgage and loan interest (5,329) (3,421) (11,100) (6,200)
Interest income 4,788 4,535 10,079 9,772
Segment operating income (loss) (540) 1,176 (981) 3,688
Total Segments [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 30,834 24,241 60,039 47,397
Property operating expenses (15,191) (11,301) (30,407) (22,969)
Depreciation (5,868) (5,137) (11,698) (9,841)
Mortgage and loan interest (13,975) (9,794) (28,189) (21,439)
Interest income 4,788 4,535 10,079 9,772
Gain (loss) on sale of income producing properties 5,168   4,925  
Gain on land sales 1,719 3,027 3,370 5,903
Segment operating income (loss) 7,475 5,571 8,119 8,823
Capital expenditures 1,261 3,652 3,432 7,927
Real estate assets 901,404 801,914 901,404 801,914
Property Sales        
Sales price 11,254 1,878 16,934 9,135
Cost of sale (4,367) (628) (8,639) (5,009)
Recognized prior deferred gain   1,777   1,777
Gain (loss) on sale $ 6,887 $ 3,027 $ 8,295 $ 5,903