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OPERATING SEGMENTS (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Segment Reporting Information [Line Items]        
Rental and other property revenues $ 33,409 $ 31,807 $ 96,099 $ 95,216
Property operating expenses (15,945) (15,403) (45,919) (47,098)
Interest income 5,710 4,232 15,701 14,083
Gain on sale of income-producing properties   12,760   12,760
Gain on land sales 12,243 1,062 13,578 1,032
Segment operating (loss) income 5,210 5,410 13,745 14,709
Real estate assets 1,049,990   1,049,990  
Commercial Properties [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 8,227 8,461 23,187 26,172
Property operating expenses (4,236) (4,485) (12,222) (14,324)
Depreciation (2,523) (2,345) (7,138) (7,045)
Mortgage and loan interest (1,921) (1,902) (5,662) (5,629)
Segment operating (loss) income (453) (271) (1,835) (826)
Capital expenditures 962 691 3,688 2,623
Real estate assets 134,142 147,377 134,142 147,377
Property Sales        
Sales price     2,313  
Cost of sale     (2,313)  
Apartments [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 25,274 23,231 73,001 68,922
Property operating expenses (11,345) (10,659) (33,127) (31,616)
Depreciation (4,364) (4,028) (12,709) (12,105)
Mortgage and loan interest (5,721) (5,168) (16,520) (16,955)
Gain on sale of income-producing properties   12,760   12,760
Segment operating (loss) income 3,844 16,136 10,645 21,006
Capital expenditures (114) 543 (2,398) 543
Real estate assets 823,619 663,636 823,619 663,636
Property Sales        
Sales price     8,512  
Cost of sale     (8,512)  
Recognized prior deferred gain   12,760   12,760
Gain (loss) on sale   12,760   12,760
Land [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues (95) 111 (95) 111
Property operating expenses (158) (127) (291) (575)
Mortgage and loan interest (306) (420) (437) (1,503)
Gain on land sales 12,243 1,062 13,578 1,032
Segment operating (loss) income 11,684 626 12,755 (935)
Capital expenditures (107) 55 (724) 641
Real estate assets 91,586 128,230 91,586 128,230
Property Sales        
Sales price 35,519 850 38,503 2,446
Cost of sale (23,276) (320) (24,925) (1,946)
Recognized prior deferred gain   532   532
Gain (loss) on sale 12,243 1,062 13,578 1,032
Other [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 3 4 6 11
Property operating expenses (206) (132) (279) (583)
Depreciation 14   79 37
Mortgage and loan interest (9,474) (8,227) (26,434) (25,772)
Interest income 5,710 4,232 15,701 14,083
Segment operating (loss) income (3,593) (4,123) (10,927) (12,224)
Real estate assets 643   643  
Total Segment [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 33,409 31,807 96,099 95,216
Property operating expenses (15,945) (15,403) (45,919) (47,098)
Depreciation (6,873) (6,373) (19,768) (19,113)
Mortgage and loan interest (17,422) (15,717) (49,053) (49,859)
Interest income 5,710 4,232 15,701 14,083
Gain on sale of income-producing properties   12,760   12,760
Gain on land sales 12,243 1,062 13,578 1,032
Segment operating (loss) income 11,122 12,368 10,638 7,021
Capital expenditures 969 1,289 566 3,807
Real estate assets 1,049,990 939,243 1,049,990 939,243
Property Sales        
Sales price 35,519 850 38,503 2,446
Cost of sale (23,276) (320) (24,925) (1,946)
Recognized prior deferred gain   13,292   13,292
Gain (loss) on sale $ 12,243 $ 13,822 $ 13,578 $ 13,792