SUBSEQUENT EVENTS (Details Textual) (USD $)	6 Months Ended			6 Months Ended	1 Months Ended				3 Months Ended			1 Months Ended
	Jun. 30, 2013	Jul. 03, 2013	Dec. 31, 2012	Jun. 30, 2013 Real Estate Investment [Member]	Jul. 03, 2013 Munimae Te Bond Subsidiary L L C [Member]	Aug. 08, 2013 Subsequent Event [Member]	Jul. 03, 2013 Subsequent Event [Member]		Sep. 30, 2013 Subsequent Event [Member]	Jun. 30, 2013 Subsequent Event [Member]	Jul. 03, 2013 Subsequent Event [Member] Total Return Swap [Member]	Jul. 03, 2013 Subsequent Event [Member] Munimae Te Bond Subsidiary L L C [Member]	Jun. 30, 2013 Subsequent Event [Member] Perpetual Preferred Stock [Member]
Debt Instrument And Related Investments On Unleveraged Basis Held												$ 146,700,000
Debt Instrument, Maturity Date, Description							bonds that are 30 days or greater past due in either principal or interest
Payments For Purchase Of Common Stock					78,500,000
Debt Instrument, Fair Value Disclosure	37,900,000										30,600,000	848,600,000
Restricted Cash And Accrued Interest												51,200,000
Contractual Obligation, Total												821,300,000
Increase (Decrease) in Interest Payable, Net												4,600,000
Elimination Of Debt Instrument And Preferred Equity Financing												816,700,000
Debt, Weighted Average Interest Rate							6.90%
Debt Instrument, Collateral Amount											16,300,000
Debt Instrument Notional Amount Description							the Company will pay the Purchaser a rate of SIFMA (Securities Industry and Financial Markets Association) plus a spread of 150
Unamortized Debt Issuance Expense	3,779,000	5,500,000	10,199,000							7,800,000
Stockholders Equity, Period Increase (Decrease)							(3,000,000)	[1]	3,000,000
Temporary Equity, Carrying Amount, Attributable to Parent													118,000,000
Preferred Stock, Liquidation Preference, Value	121,000,000		159,000,000				121,000,000	[2]
Increase in Restricted Cash				16,300,000
Decrease in Restricted Cash	$ 1,600,000
Stock Repurchase Program, Number of Shares Authorized to be Repurchased						4,000,000
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased						800,000
Percentage of Equity Per share						100.00%
Stock Repurchase Program, Period in Force						1 month
Stock Repurchase Program, Shares Authorized To Be Repurchased						the Company to purchase up to four million shares total, and up to 800,000 shares in any one calendar month at a price up to 100% of its common shareholders’ equity per share as shown on its most recently filed periodic report.

[1] Represents the total cash, restricted cash and interest receivable of $51.2 million transferred to the Purchaser as part of the sale of TEB.

[2] The sum of these amounts total $848.6 million and represents the fair value of the bonds sold on July 3, 2013.