NOTES PAYABLE (Details) $ in Thousands	Mar. 31, 2016 USD ($)
Notes Payable	$ 805,625
Accrued Interest	2,876
Total Debt	808,501
Unamortized deferred borrowing costs	(19,314)
Apartments [Member]
Notes Payable	522,885
Accrued Interest	1,563
Total Debt	524,448
Commercial [Member]
Notes Payable	109,707
Accrued Interest	505
Total Debt	110,212
Land [Member]
Notes Payable	42,727
Accrued Interest	(187)
Total Debt	42,540
Real Estate Held for Sale [Member]
Notes Payable	376
Total Debt	376
Real Estate Subject To Sales Contract [Member]
Notes Payable	5,750
Accrued Interest	470
Total Debt	6,220
Mezzanine Financing [Member]
Notes Payable	122,900
Accrued Interest	(201)
Total Debt	122,699
Other [Member]
Notes Payable	20,594
Accrued Interest	726
Total Debt	21,320
Total Notes Payable [Member]
Notes Payable	824,939
Accrued Interest	2,876
Total Debt	$ 827,815