NOTES AND INTEREST PAYABLE (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Short-term Debt [Line Items]
Notes Payable	$ 867,711
Accrued Interest	2,614
Total Debt	870,325
Unamortized deferred borrowing costs	(19,230)
Total Debt, net	851,095
Apartments [Member]
Short-term Debt [Line Items]
Notes Payable	553,509
Accrued Interest	1,500
Total Debt	555,009
Apartments under construction [Member]
Short-term Debt [Line Items]
Notes Payable	16,576
Total Debt	16,576
Commercial [Member]
Short-term Debt [Line Items]
Notes Payable	108,725
Accrued Interest	528
Total Debt	109,253
Land Held For Development [Member]
Short-term Debt [Line Items]
Notes Payable	39,765
Accrued Interest	116
Total Debt	39,881
Real Estate Subject To Sales Contract [Member]
Short-term Debt [Line Items]
Notes Payable	5,142
Accrued Interest	470
Total Debt	5,612
Mezzanine Financing [Member]
Short-term Debt [Line Items]
Notes Payable	119,923
Total Debt	119,923
Other [Member]
Short-term Debt [Line Items]
Notes Payable	24,071
Total Debt	24,071
Total Notes Payable [Member]
Short-term Debt [Line Items]
Notes Payable	867,711
Accrued Interest	2,614
Total Debt	870,325
Unamortized deferred borrowing costs	(19,230)
Total Debt, net	$ 848,481