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RESTRICTED STOCK UNITS (Tables)
12 Months Ended
Dec. 31, 2013
Restricted Stock Units [Abstract]  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
The following table summarizes restricted stock unit transactions in the years ended December 31, 2013, 2012 and 2011
 
 
Number of units
 
 
 
 
Directors

 
Management companies

 
Total

 
Fair value
Units outstanding as of December 31, 2010
 
29,571

 
29,572

 
59,143

 
$22.27
Granted
 
46,593

 
46,596

 
93,189

 
$13.95
Units outstanding as of December 31, 2011
 
76,164

 
76,168

 
152,332

 
$13.67
Settled
 
(9,857
)
 
(9,857
)
 
(19,714
)
 
$13.63
Units outstanding as of December 31, 2012
 
66,307

 
66,311

 
132,618

 
$5.25
Granted
 
47,238

 
47,238

 
94,476

 
$6.74
Settled
 
(25,388
)
 
(25,388
)
 
(50,776
)
 
$9.65
Units outstanding as of December 31, 2013
 
88,157

 
88,161

 
176,318

 
$9.19