2115100 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 2415402 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details) link:presentationLink link:calculationLink link:definitionLink 2315301 - Disclosure - COMMITMENTS AND CONTINGENCIES (Tables) link:presentationLink link:calculationLink link:definitionLink 1001501 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - CONSOLIDATED BALANCE SHEETS (Unaudited) link:presentationLink link:calculationLink link:definitionLink 1005000 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) link:presentationLink link:calculationLink link:definitionLink 2110100 - Disclosure - DERIVATIVE INSTRUMENTS link:presentationLink link:calculationLink link:definitionLink 2410402 - Disclosure - DERIVATIVE INSTRUMENTS (Details) link:presentationLink link:calculationLink link:definitionLink 2310301 - Disclosure - DERIVATIVE INSTRUMENTS (Tables) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information Document link:presentationLink link:calculationLink link:definitionLink 2111100 - Disclosure - FAIR VALUE DISCLOSURES link:presentationLink link:calculationLink link:definitionLink 2411402 - Disclosure - FAIR VALUE DISCLOSURES (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2411404 - Disclosure - FAIR VALUE DISCLOSURES (Schedule of Assets and Liabilities at Fair Value) (Details) link:presentationLink link:calculationLink link:definitionLink 2411403 - Disclosure - FAIR VALUE DISCLOSURES (Schedule of Face Value, Carrying Amounts and Fair Value) (Details) link:presentationLink link:calculationLink link:definitionLink 2411405 - Disclosure - FAIR VALUE DISCLOSURES (Schedule of Quantitative Assumptions About Significant Unobservable Inputs Used to Determine the Fair Value of Impaired Real Estate) (Details) link:presentationLink link:calculationLink link:definitionLink 2311301 - Disclosure - FAIR VALUE DISCLOSURES (Tables) link:presentationLink link:calculationLink link:definitionLink 2108100 - Disclosure - FORECLOSED REAL ESTATE HELD FOR SALE link:presentationLink link:calculationLink link:definitionLink 2408401 - Disclosure - FORECLOSED REAL ESTATE HELD FOR SALE (Details) link:presentationLink link:calculationLink link:definitionLink 2109100 - Disclosure - NOTES PAYABLE AND REPURCHASE AGREEMENTS link:presentationLink link:calculationLink link:definitionLink 2409407 - Disclosure - NOTES PAYABLE AND REPURCHASE AGREEMENTS (Debt Covenant) (Details) link:presentationLink link:calculationLink link:definitionLink 2409409 - Disclosure - NOTES PAYABLE AND REPURCHASE AGREEMENTS (Extension, Modification and Paydown of the Portfolio Secured Mortgage Loan Facility) (Details) link:presentationLink link:calculationLink link:definitionLink 2409408 - Disclosure - NOTES PAYABLE AND REPURCHASE AGREEMENTS (Gramercy and Garrison Mezzanine Loan) (Details) link:presentationLink link:calculationLink link:definitionLink 2409406 - Disclosure - NOTES PAYABLE AND REPURCHASE AGREEMENTS (Loan Maturity) (Details) link:presentationLink link:calculationLink link:definitionLink 2409402 - Disclosure - NOTES PAYABLE AND REPURCHASE AGREEMENTS (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2409410 - Disclosure - NOTES PAYABLE AND REPURCHASE AGREEMENTS (Office Portfolio, Industrial Portfolio, Rivertech and Rickernbacker Mortgage Loans) (Details) link:presentationLink link:calculationLink link:definitionLink 2409405 - Disclosure - NOTES PAYABLE AND REPURCHASE AGREEMENTS (Schedule of Activity Related to Notes Payable and Repurchase Agreements) (Details) link:presentationLink link:calculationLink link:definitionLink 2409403 - Disclosure - NOTES PAYABLE AND REPURCHASE AGREEMENTS (Schedule of Long-term Debt Instruments) (Details) link:presentationLink link:calculationLink link:definitionLink 2409404 - Disclosure - NOTES PAYABLE AND REPURCHASE AGREEMENTS (Schedule of Maturities of Long-Term Debt) (Details) link:presentationLink link:calculationLink link:definitionLink 2309301 - Disclosure - NOTES PAYABLE AND REPURCHASE AGREEMENTS (Tables) link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - ORGANIZATION link:presentationLink link:calculationLink link:definitionLink 2401401 - Disclosure - ORGANIZATION (Details) link:presentationLink link:calculationLink link:definitionLink 2103100 - Disclosure - REAL ESTATE HELD FOR INVESTMENT link:presentationLink link:calculationLink link:definitionLink 2403411 - Disclosure - REAL ESTATE HELD FOR INVESTMENT (Assets and Liabilities Related to Properties Held for Non-Sale Disposition) (Details) link:presentationLink link:calculationLink link:definitionLink 2403407 - Disclosure - REAL ESTATE HELD FOR INVESTMENT (Concentration of Credit Risk, Tenant Lease that Represents More than 10% of Annualized Base Rent) (Details) link:presentationLink link:calculationLink link:definitionLink 2403405 - Disclosure - REAL ESTATE HELD FOR INVESTMENT (Future Minimum Rental Income) (Details) link:presentationLink link:calculationLink link:definitionLink 2403408 - Disclosure - REAL ESTATE HELD FOR INVESTMENT (Geographic Concentration Risk) (Details) link:presentationLink link:calculationLink link:definitionLink 2403406 - Disclosure - REAL ESTATE HELD FOR INVESTMENT (Highes Tenant Industry Concentrations- Grater than 10% of Annual Base Rent) (Details) link:presentationLink link:calculationLink link:definitionLink 2403409 - Disclosure - REAL ESTATE HELD FOR INVESTMENT (Impairment of Real Estate) (Details) link:presentationLink link:calculationLink link:definitionLink 2403402 - Disclosure - REAL ESTATE HELD FOR INVESTMENT (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2403404 - Disclosure - REAL ESTATE HELD FOR INVESTMENT (Operating Leases) (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2403410 - Disclosure - REAL ESTATE HELD FOR INVESTMENT (Revenue and Expenses Related to Properties Held for Non-Sale Disposition) (Details) link:presentationLink link:calculationLink link:definitionLink 2403403 - Disclosure - REAL ESTATE HELD FOR INVESTMENT (Schedule of Real Estate Investments) (Details) link:presentationLink link:calculationLink link:definitionLink 2303301 - Disclosure - REAL ESTATE HELD FOR INVESTMENT (Tables) link:presentationLink link:calculationLink link:definitionLink 2107100 - Disclosure - REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS link:presentationLink link:calculationLink link:definitionLink 2407402 - Disclosure - REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2407405 - Disclosure - REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS (BBD1 Sale Agreement) (Details) link:presentationLink link:calculationLink link:definitionLink 2407404 - Disclosure - REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS (Schedule of Major Components of Real Estate Held for Sale and Liabilities Related to Real Estate Held for Sale) (Details) link:presentationLink link:calculationLink link:definitionLink 2407403 - Disclosure - REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS (Schedule of Operating Income from Discontinued Operations) (Details) link:presentationLink link:calculationLink link:definitionLink 2307301 - Disclosure - REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables) link:presentationLink link:calculationLink link:definitionLink 2105100 - Disclosure - REAL ESTATE LOANS RECEIVABLE link:presentationLink link:calculationLink link:definitionLink 2405405 - Disclosure - REAL ESTATE LOANS RECEIVABLE (Recent Transactions) (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2405406 - Disclosure - REAL ESTATE LOANS RECEIVABLE (Reserve for Loan Losses) (Details) link:presentationLink link:calculationLink link:definitionLink 2405403 - Disclosure - REAL ESTATE LOANS RECEIVABLE (Schedule of Activity Related to Real Estate Loans Receivable) (Details) link:presentationLink link:calculationLink link:definitionLink 2405404 - Disclosure - REAL ESTATE LOANS RECEIVABLE (Schedule of Interest Income from Real Estate Loans Receivable) (Details) link:presentationLink link:calculationLink link:definitionLink 2405402 - Disclosure - REAL ESTATE LOANS RECEIVABLE (Schedule of Real Estate Loans Receivable) (Details) link:presentationLink link:calculationLink link:definitionLink 2305301 - Disclosure - REAL ESTATE LOANS RECEIVABLE (Tables) link:presentationLink link:calculationLink link:definitionLink 2106100 - Disclosure - REAL ESTATE SECURITIES link:presentationLink link:calculationLink link:definitionLink 2406401 - Disclosure - REAL ESTATE SECURITIES (Details) link:presentationLink link:calculationLink link:definitionLink 2112100 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:calculationLink link:definitionLink 2412402 - Disclosure - RELATED PARTY TRANSACTIONS (Details) link:presentationLink link:calculationLink link:definitionLink 2312301 - Disclosure - RELATED PARTY TRANSACTIONS (Tables) link:presentationLink link:calculationLink link:definitionLink 2114100 - Disclosure - SEGMENT INFORMATION link:presentationLink link:calculationLink link:definitionLink 2414403 - Disclosure - SEGMENT INFORMATION (Reconciliation of Net Income (Loss) to Net Operating Income (Loss)) (Details) link:presentationLink link:calculationLink link:definitionLink 2414402 - Disclosure - SEGMENT INFORMATION (Schedule of Segment Reporting Information, by Segment) (Details) link:presentationLink link:calculationLink link:definitionLink 2314301 - Disclosure - SEGMENT INFORMATION (Tables) link:presentationLink link:calculationLink link:definitionLink 2116100 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 2416401 - Disclosure - SUBSEQUENT EVENTS (Details) link:presentationLink link:calculationLink link:definitionLink 2102100 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 2402402 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) link:presentationLink link:calculationLink link:definitionLink 2202201 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 2113100 - Disclosure - SUPPLEMENTAL CASH FLOW AND SIGNIFICANT NONCASH TRANSACTION DISCLOSURES link:presentationLink link:calculationLink link:definitionLink 2413402 - Disclosure - SUPPLEMENTAL CASH FLOW AND SIGNIFICANT NONCASH TRANSACTION DISCLOSURES (Details) link:presentationLink link:calculationLink link:definitionLink 2313301 - Disclosure - SUPPLEMENTAL CASH FLOW AND SIGNIFICANT NONCASH TRANSACTION DISCLOSURES (Tables) link:presentationLink link:calculationLink link:definitionLink 2104100 - Disclosure - TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES link:presentationLink link:calculationLink link:definitionLink 2404402 - Disclosure - TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Details) link:presentationLink link:calculationLink link:definitionLink 2304301 - Disclosure - TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Tables) link:presentationLink link:calculationLink link:definitionLink