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COMMITMENTS AND CONTINGENCIES (Details) | 1 Months Ended | 3 Months Ended | 4 Months Ended | 6 Months Ended |
--- | --- | --- | --- | --- | ---
Feb. 28, 2015 USD ($) | Jun. 30, 2015 USD ($) item | Jun. 30, 2014 USD ($) | Jun. 30, 2014 USD ($) | Jun. 30, 2015 USD ($) item shares | Jun. 30, 2014 USD ($) | Dec. 31, 2014 USD ($)
Commitments and contingencies |  |  |  |  |  |  |
Outstanding loan commitments and approvals to fund loans |  | $ 20,384,000 |  |  | $ 20,384,000 |  |
Future obligations under leases to fund tenant improvements and in other future construction obligation |  | 23,883,000 |  |  | 23,883,000 |  |
Liability related to the settlement of a 421a tax abatement dispute |  |  |  |  |  |  | $ 4,475,000
Settlement of liability related to the settlement of a 421a tax abatement dispute | $ 4,721,000 |  |  |  |  |  |
Future noncancelable minimum lease payments |  |  |  |  |  |  |
2015 (Six months ending December 31, 2015) |  | 361,000 |  |  | 361,000 |  |
2016 |  | 743,000 |  |  | 743,000 |  |
2017 |  | 749,000 |  |  | 749,000 |  |
2018 |  | 607,000 |  |  | 607,000 |  |
2019 |  | 503,000 |  |  | 503,000 |  |
Thereafter |  | 128,528,000 |  |  | 128,528,000 |  |
Total |  | 131,491,000 |  |  | 131,491,000 |  |
Ground lease for one of the project |  |  |  |  |  |  |
Commitments and contingencies |  |  |  |  |  |  |
Current annual rent |  |  |  |  | $ 503,000 |  |
Period after which the annual rental payment will be increased by greater of 15% or 50% of the increase in the Consumer Price Index |  |  |  |  | 5 years |  |
Increase in annual rental payment after every 5 years, option one (as a percent) |  |  |  |  | 15.00% |  |
Increase in annual rental payment after every 5 years, option two (as a percent) |  |  |  |  | 50.00% |  |
Adjustment period used to calculate increase in the Consumer Price Index |  |  |  |  | 5 years |  |
Increase in rent payable during the balance of the lease term expressed as a percentage of rent payable during the immediately preceding lease year commencing on June 1, 2040 and 2065 |  |  |  |  | 10.00% |  |
Rent expense |  | 438,000 | $ 438,000 |  | $ 876,000 | $ 876,000 |
Straight line rent liability |  | 11,625,000 |  |  | 11,625,000 |  | $ 11,038,000
Office space in Dallas, Texas |  |  |  |  |  |  |
Commitments and contingencies |  |  |  |  |  |  |
Rent expense |  | 72,000 | 49,000 | $ 65,000 | 130,000 |  |
Restricted share awards |  |  |  |  |  |  |
Commitments and contingencies |  |  |  |  |  |  |
Unrecognized compensation expense |  | $ 103,000 |  |  | $ 103,000 |  |
Executive officers |  |  |  |  |  |  |
Commitments and contingencies |  |  |  |  |  |  |
Number of employees covered under employment agreement | item |  |  |  |  | 2 |  |
Multiplier used for the calculation of severance compensation or change in control payments | item |  | 2.99 |  |  | 2.99 |  |
Period of annual compensation paid to employee used to calculate severance compensation or change in control payments |  |  |  |  | 3 years |  |
Multiplier used for the calculation of payments in the event of death of employee | item |  | 2 |  |  | 2 |  |
Multiplier used for the calculation of payments in the event of disability to employee | item |  | 1 |  |  | 1 |  |
Executive officers | Restricted share awards |  |  |  |  |  |  |
Commitments and contingencies |  |  |  |  |  |  |
Stock-based compensation expense |  | $ 8,000 | 19,000 |  | $ 26,000 | 19,000 |
Employment agreements | Executive officers | Restricted share awards |  |  |  |  |  |  |
Commitments and contingencies |  |  |  |  |  |  |
Share awards to be granted as retention bonus under employment agreement | shares |  |  |  |  | 105,000 |  |
Stock-based compensation expense |  | 316,000 | $ 315,000 |  | $ 632,000 | $ 315,000 |
Unrecognized compensation expense |  | $ 631,000 |  |  | $ 631,000 |  |

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