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MERGER (Details) $ / shares in Units, $ in Thousands |  |  | 3 Months Ended | 6 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Apr. 29, 2014 | Mar. 11, 2014 USD ($) $ / shares shares | Jun. 30, 2014 shares | Jun. 30, 2014 shares | Jun. 30, 2015 shares | Dec. 31, 2014 shares | Mar. 25, 2014 $ / shares
Merger |  |  |  |  |  |  |
Treasury stock |  |  |  |  | 107,265 | 107,265 |
Reverse stock split ratio | 0.2 |  |  |  |  |  |
Consideration Transferred |  |  |  |  |  |  |
Common stock outstanding |  |  |  |  | 97,589,598 | 97,581,598 |
Common Stock |  |  |  |  |  |  |
Merger |  |  |  |  |  |  |
Shares issued |  |  |  | 2,119,244 |  |  |
Consideration Transferred |  |  |  |  |  |  |
Common stock outstanding |  | 2,119,244 |  |  |  |  |
CIM Urban REIT |  |  |  |  |  |  |
Merger |  |  |  |  |  |  |
Shares issued |  |  | 91,040,000 | 91,040,000 |  |  |
Number of shares to be issued on conversion of preferred stock expressed as a percentage of outstanding stock |  | 97.80% |  |  |  |  |
CIM Urban REIT | Preferred Stock |  |  |  |  |  |  |
Merger |  |  |  |  |  |  |
Shares issued |  |  | 65,000,000 | 65,000,000 |  |  |
PMC Commercial | CIM Urban REIT |  |  |  |  |  |  |
Merger |  |  |  |  |  |  |
Shares issued |  | 2,226,509 |  |  |  |  |
Treasury stock |  | 107,265 |  |  |  |  |
Number of shares to be issued on conversion of each preferred stock |  | 1.4 |  |  |  |  |
Aggregate shares of common stock issued in the merger |  | 95,440,000 |  |  |  |  |
Number of shares to be issued on conversion of preferred stock expressed as a percentage of outstanding stock |  | 97.80% |  |  |  |  |
Special cash dividend issued to shareholders of record at the close of the business day prior to the closing of transactions (in dollars per share) | $ / shares |  |  |  |  |  |  | $ 27.50
Consideration Transferred |  |  |  |  |  |  |
Common stock outstanding |  | 2,119,000 |  |  |  |  |
Equity consideration price per share of common stock (in dollars per share) | $ / shares |  | $ 21.05 |  |  |  |  |
Fair value of the equity consideration | $ |  | $ 44,610 |  |  |  |  |
Payment in cash - special dividend | $ |  | 58,279 |  |  |  |  |
Total purchase price | $ |  | $ 102,889 |  |  |  |  |
PMC Commercial | CIM Urban REIT | Common Stock |  |  |  |  |  |  |
Merger |  |  |  |  |  |  |
Shares issued |  | 4,400,000 |  |  |  |  |
PMC Commercial | CIM Urban REIT | Preferred Stock |  |  |  |  |  |  |
Merger |  |  |  |  |  |  |
Shares issued |  | 65,000,000 |  |  |  |  |

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