REAL ESTATE ACTIVITY (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Real Estate [Abstract]
Apartments	$ 622,761
Apartments under construction	26,625
Commercial properties	215,184
Land held for development	96,978
Land subject to sales contract	49,155
Total real estate	1,010,703
Less accumulated depreciation	(155,332)
Total real estate	$ 855,371	$ 853,507

The current amount of expenditures for a real estate project that has not yet been completed.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.10)
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Phase
-URI http://asc.fasb.org/extlink&oid=49177889

+ Details

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- Definition

Aggregate of the carrying amounts as of the balance sheet date of investments in building and building improvements.

+ References

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- Definition

Carrying amount of land available for development.

+ References

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- References

No definition available.

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- Definition

Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 970
-SubTopic 360
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-28.FN4)
-URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section S99
-Paragraph 6
-Subparagraph (SX 210.5-04.(c) Schedule III)
-URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674

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- Definition

Carrying amount as of the balance sheet date of investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity.

+ References

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- Definition

Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.

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- Definition

Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.

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- Definition

Carrying amount of income producing properties held for rental.

+ References

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