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OPERATING SEGMENTS (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Segment Reporting Information [Line Items]        
Rental and other property revenues $ 30,067 $ 27,826 $ 90,106 $ 75,223
Property operating expenses (15,671) (14,499) (46,078) (37,467)
Interest income 5,712 3,950 15,791 13,722
Gain on sale of income producing properties   735 4,925 735
Gain on land sales 555 1,958 3,925 7,861
Segment operating income (loss) 3,795 2,085 11,741 7,939
Real estate assets 909,709   909,709  
Commercial Properties [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 7,658 8,107 24,496 22,172
Property operating expenses (4,727) (4,434) (14,658) (12,042)
Depreciation (2,236) (2,358) (6,820) (6,516)
Mortgage and loan interest (1,700) (1,871) (5,371) (5,129)
Gain on sale of income producing properties     6  
Segment operating income (loss) (1,005) (556) (2,347) (1,515)
Capital expenditures 2,045 1,404 4,125 7,539
Real estate assets 151,900 161,876 151,900 161,876
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 22,408 19,671 65,578 52,948
Property operating expenses (10,693) (9,373) (30,255) (24,243)
Depreciation (3,807) (4,229) (10,958) (9,949)
Mortgage and loan interest (6,424) (6,299) (18,689) (15,857)
Gain on sale of income producing properties   735 4,919 735
Segment operating income (loss) 1,484 505 10,595 3,634
Capital expenditures   (43) (146) 438
Real estate assets 613,431 496,329 613,431 496,329
Property Sales        
Sales price   11,129 8,100 11,129
Cost of sale   (10,394) (2,932) (10,394)
Gain (loss) on sale   735 5,168 735
Land [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues     30  
Property operating expenses (243) (422) (1,159) (936)
Mortgage and loan interest (550) (1,345) (1,703) (3,766)
Gain on land sales 555 1,958 3,925 7,861
Segment operating income (loss) (238) 191 1,093 3,159
Capital expenditures 375 1,461 1,873 2,772
Real estate assets 144,378 163,867 144,378 163,867
Property Sales        
Sales price 805 2,851 8,139 11,987
Cost of sale (250) (1,854) (4,214) (6,863)
Recognized prior deferred gain   961   2,737
Gain (loss) on sale 555 1,958 3,925 7,861
Other [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 1 48 2 103
Property operating expenses (8) (270) (6) (246)
Depreciation 18 18 55 55
Mortgage and loan interest (6,688) (5,511) (17,788) (11,711)
Interest income 5,712 3,950 15,791 13,722
Segment operating income (loss) (965) (1,765) (1,946) 1,923
Total Segments [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 30,067 27,826 90,106 75,223
Property operating expenses (15,671) (14,499) (46,078) (37,467)
Depreciation (6,025) (6,569) (17,723) (16,410)
Mortgage and loan interest (15,362) (15,026) (43,551) (36,463)
Interest income 5,712 3,950 15,791 13,722
Gain on sale of income producing properties   735 4,925 735
Gain on land sales 555 1,958 3,925 7,861
Segment operating income (loss) (724) (1,625) 7,395 7,201
Capital expenditures 2,420 2,822 5,852 10,749
Real estate assets 909,709 822,072 909,709 822,072
Property Sales        
Sales price 805 13,980 17,739 23,116
Cost of sale (250) (12,248) (8,889) (17,257)
Recognized prior deferred gain   961   2,737
Gain (loss) on sale $ 555 $ 2,693 $ 8,850 $ 8,596