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OPERATING SEGMENTS (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Segment Reporting Information [Line Items]        
Rental and other property revenues $ 31,807 $ 30,067 $ 95,216 $ 90,106
Property operating expenses (15,403) (15,671) (47,098) (46,078)
Interest income 4,232 5,712 14,083 15,791
Gain on land sales 1,062 555 1,032 3,925
Segment operating income (loss) 5,410 3,795 14,709 11,741
Real estate assets 939,243 909,709 939,243 909,709
Commercial Properties [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 8,461 7,658 26,172 24,496
Property operating expenses (4,485) (4,727) (14,324) (14,658)
Depreciation (2,345) (2,236) (7,045) (6,820)
Mortgage and loan interest (1,902) (1,700) (5,629) (5,371)
Gain on sale of income producing properties       6
Segment operating income (loss) (271) (1,005) (826) (2,347)
Capital expenditures 691 2,045 2,623 4,125
Real estate assets 147,377 151,900 147,377 151,900
Apartments [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 23,231 22,408 68,922 65,578
Property operating expenses (10,659) (10,693) (31,616) (30,255)
Depreciation (4,028) (3,807) (12,105) (10,958)
Mortgage and loan interest (5,168) (6,424) (16,955) (18,689)
Gain on sale of income producing properties 12,760   12,760 4,919
Segment operating income (loss) 16,136 1,484 21,006 10,595
Capital expenditures     543 (146)
Real estate assets 663,636 613,431 663,636 613,431
Property Sales        
Sales price       11,129
Cost of sale       (10,394)
Recognized prior deferred gain 12,760   12,760  
Gain (loss) on sale 12,760   12,760 735
Land [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 111   111 30
Property operating expenses (127) (243) (575) (1,159)
Mortgage and loan interest (420) (550) (1,503) (1,703)
Gain on land sales 1,062 555 1,032 3,925
Segment operating income (loss) 626 (238) (935) 1,093
Capital expenditures 55 375 641 1,873
Real estate assets 128,230 144,378 128,230 144,378
Property Sales        
Sales price 850 805 2,446 11,987
Cost of sale (320) (250) (1,946) (6,863)
Recognized prior deferred gain 532   532 2,737
Gain (loss) on sale 1,062 555 1,032 7,861
Other [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 4 1 11 2
Property operating expenses (132) (8) (583) (6)
Depreciation   18 37 55
Mortgage and loan interest (8,227) (6,688) (25,772) (17,788)
Interest income 4,232 5,712 14,083 15,791
Segment operating income (loss) (4,123) (965) (12,224) (1,946)
Total Segments [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 31,807 30,067 95,216 90,106
Property operating expenses (15,403) (15,671) (47,098) (46,078)
Depreciation (6,373) (6,025) (19,113) (17,723)
Mortgage and loan interest (15,717) (15,362) (49,859) (43,551)
Interest income 4,232 5,712 14,083 15,791
Gain on sale of income producing properties 12,760   12,760 4,925
Gain on land sales 1,062 555 1,032 3,925
Segment operating income (loss) 12,368 (724) 7,021 7,395
Capital expenditures 1,289 2,420 3,807 5,852
Real estate assets 939,243 909,709 939,243 909,709
Property Sales        
Sales price 850 805 2,446 23,116
Cost of sale (320) (250) (1,946) (17,257)
Recognized prior deferred gain 13,292   13,292 2,737
Gain (loss) on sale $ 13,822 $ 555 $ 13,792 $ 8,596