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SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Schedule of Reclassifications Effect [Table Text Block]
The effect of these reclassifications is presented in the tables below:

 
Year Ended December 31, 2012
Reclassifications - Statement of Operations - 2012
As Previously
Reported
 
Reclassification
Adjustment
 
As
Reclassified
Rental Income
$
1,475

 
$
(1,475
)
 
$
—

Hospitality and Entertainment Income
1,986

 
(1,986
)
 
—

Operating Property Revenue
—

 
3,485

 
3,485

Investment and Other Income
194

 
1

 
195

Operating Property Direct Expenses (exclusive of Interest and Depreciation)
—

 
4,194

 
4,194

Property Taxes for REO
1,900

 
(1,900
)
 
—

Other Operating Expenses for Real Estate Owned
5,267

 
(5,267
)
 
—

Expenses for Non-Operating Real Estate Owned
—

 
3,206

 
3,206

Professional Fees
5,307

 
634

 
5,941

Default and Enforcement Related Expenses
1,317

 
(1,317
)
 
—

General and Administrative Expenses
5,921

 
476

 
6,397

Interest Expense
15,216

 
(1
)
 
15,215

Total Operating Expenses
39,052

 
1,015

 
40,067

Total Provision and Impairment Charges
(2,121
)
 
2,121

 
—

Total (Recovery) Provision, Impairment Charges and (Gain) Loss on Disposal of Legacy Assets
—

 
(3,111
)
 
(3,111
)

 
Year Ended December 31, 2011
Reclassifications - Statement of Operations - 2011
As Previously
Reported
 
Reclassification
Adjustment
 
As
Reclassified
Rental Income
$
1,847

 
$
(1,847
)
 
$
—

Operating Property Revenue
—

 
1,912

 
1,912

Mortgage Loan Income, net
1,327

 
(53
)
 
1,274

Investment and Other Income
559

 
53

 
612

Operating Property Direct Expenses (exclusive of Interest and Depreciation)
—

 
2,579

 
2,579

Property Taxes for REO
2,159

 
(2,159
)
 
—

Other Operating Expenses for Real Estate Owned
2,533

 
(2,533
)
 
—

Expenses for Non-Operating Real Estate Owned
—

 
3,618

 
3,618

Professional Fees
7,201

 
(1,038
)
 
6,163

Default and Enforcement Related Expenses
767

 
(767
)
 
—

General and Administrative Expenses
10,232

 
1,076

 
11,308

Organizational and Offering Costs
509

 
(509
)
 
—

Interest Expense
9,842

 
1

 
9,843

Restructure Charge
204

 
(204
)
 
—

Depreciation and Amortization
1,796

 
1

 
1,797

Total Operating Expenses
36,399

 
266

 
36,665

Total Provision and Impairment Charges
2,529

 
(2,529
)
 
—

Total (Recovery) Provision, Impairment Charges and (Gain) Loss on Disposal of Legacy Assets
—

 
2,328

 
2,328
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]
The following tables summarizes the effects of these corrections and reclassifications on the previously filed consolidated financial statements as of and for the years ended December 31, 2012 and 2011, which was restated for comparative purposes only (in thousands):

 
 
December 31, 2012
 
 
As Previously
Reported
 
Restatement Adjustment
 
As
Restated
Balance Sheet Items
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
Accrued Property Taxes
 
$
7,063

 
$
(2,695
)
 
$
4,368

Liabilities of Assets Held for Sale
 
613

 
(613
)
 
—

Notes Payable, Net of Discount
 
6,070

 
3,308

 
9,378

 
 
 
 
 
 
 
 
 
Year Ended December 31, 2012

 
As Previously
Reported
 
Restatement Adjustment
 
As
Restated
Statement of Cash Flows
 
 
 
 
 
 
Cash Flows from Operating Activities
 
 
 
 
 
 
Changes in Accrued Property Taxes
 
$
(375
)
 
$
(955
)
 
$
(1,330
)
Changes in Liabilities of Assets Held for Sale
 
(955
)
 
955

 
—

 
 
 
 
 
 
 
 
 
Year Ended December 31, 2011

 
As Previously
Reported
 
Restatement Adjustment
 
As
Restated
Statement of Cash Flows
 
 
 
 
 
 
Cash Flows from Operating Activities
 
 
 
 
 
 
Changes in Accrued Property Taxes
 
$
702

 
$
(3,638
)
 
$
(2,936
)
Changes in Liabilities of Assets Held for Sale
 
(3,638
)
 
3,638

 
—


In addition, the segment information presented in Note 9 as of and for the years ended December 31, 2012 and 2011 has been restated to reflect the classification of expenses in the proper segments and certain balance sheet reclassifications (in thousands):

 
 
December 31, 2012
 
 
As Previously
Reported
 
Restatement Adjustment
 
As
Restated
Segment Information - Balance Sheet Items
 
 
 
 
 
 
Total Assets
 
 
 
 
 
 
Mortgage and REO - Legacy Portfolio and Other Operations
 
$
172,046

 
$
(1,037
)
 
$
171,009

Commercial Real Estate Leasing Operations
 
19,613

 
1,872

 
21,485

Hospitality and Entertainment Operations
 
2,672

 
1

 
2,673

Corporate and Other
 
26,683

 
(836
)
 
25,847

 
 
 
 
 
 
 
Notes Payable, Special Assessment Obligations, Capital Leases and Other Long Term Obligations
 
 
 
 
 
 
Mortgage and REO - Legacy Portfolio and Other Operations
 
11,251

 
3,308

 
14,559

 
 
 
 
 
 
 
Operating Liabilities
 
 
 
 
 
 
Mortgage and REO - Legacy Portfolio and Other Operations
 
5,405

 
(176
)
 
5,229

Commercial Real Estate Leasing Operations
 
323

 
246

 
569

Hospitality and Entertainment Operations
 
2,171

 
(1,178
)
 
993

Corporate and Other
 
8,530

 
(2,200
)
 
6,330





 
Year Ended December 31, 2012
 
As Previously
Reported
Restatement
Adjustment
Reclassification
Adjustment
As
Restated
Segment Information - Income Statement Items
 
 
 
 
Revenue
 
 
 
 
Mortgage and REO - Legacy Portfolio and Other Operations
1,165

—

25

1,190

Commercial Real Estate Leasing Operations
1,475

—

(47
)
1,428

Corporate and Other
113

—

47

160

Expenses
 
 
 
 
Expenses Mortgage and REO - Legacy Portfolio and Other Operations
9,604

(4,848
)
(4,756
)
—

Mortgage and REO - Legacy Portfolio and Other Operations - Expenses for Non-Operating REO
—

—

3,206

3,206

Mortgage and REO - Legacy Portfolio and Other Operations - Professional Fees
—

—

2,368

2,368

Mortgage and REO - Legacy Portfolio and Other Operations - General and Administrative
—

—

34

34

Mortgage and REO - Legacy Portfolio and Other Operations - Interest
—

—

2,247

2,247

Mortgage and REO - Legacy Portfolio and Other Operations - Gain on disposal of Assets
—

—

(982
)
(982
)
Mortgage and REO - Legacy Portfolio and Other Operations - Credit Loss Provision (Recoveries)
—

—

(2,117
)
(2,117
)
Total Expenses Mortgage and REO - Legacy Portfolio and Other Operations
9,604

(4,848
)
—

4,756

 
 
 
 
 
Expenses Commercial Real Estate Leasing Operations
2,448

414

(2,862
)
—

Commercial Real Estate Leasing Operations - Operating Property Direct Expense
—

—

1,532

1,532

Commercial Real Estate Leasing Operations - Interest
—

—

12

12

Commercial Real Estate Leasing Operations - Depreciation and Amortization
—

—

1,323

1,323

Commercial Real Estate Leasing Operations - Credit Loss Provision (Recoveries)
—

—

(5
)
(5
)
Total Expenses Commercial Real Estate Leasing Operations
2,448

414

—

2,862

 
 
 
 
 
Expenses Hospitality and Entertainment Operations
3,082

9

(3,091
)
—

Hospitality and Entertainment Operations - Operating Property Direct Expense
—

—

2,662

2,662

Hospitality and Entertainment Operations - Interest
—

—

93

93

Hospitality and Entertainment Operations - Depreciation and Amortization
—

—

336

336

Total Expenses Hospitality and Entertainment Operations
3,082

9

—

3,091

 
 
 
 

Expenses Corporate and Other
21,797

4,450

(26,247
)
—

Corporate and Other - Professional Fees
—

—

3,573

3,573

Corporate and Other - General and Administrative
—

—

6,363

6,363

Corporate and Other - Interest
—

—

12,863

12,863

Corporate and Other - Depreciation and Amortization
—

—

892

892

Corporate and Other - Gain on disposal of Assets
—

—

(7
)
(7
)
Corporate and Other - Settlement and related
—

—

2,563

2,563

Total Expenses Corporate and Other
21,797

4,450

—

26,247


 
Year Ended December 31, 2011
 
As Previously
Reported
Restatement Adjustment
Reclassification Adjustment
As
Restated
Segment Information - Income Statement Items
 
 
 
 
Revenue
 
 
 
 
Mortgage and REO - Legacy Portfolio and Other Operations
$
1,327

$
—

$
287

$
1,614

Commercial Real Estate Leasing Operations
1,847

—

204

2,051

Corporate and Other
559

—

(426
)
133

Expenses
 
 
 
 
Expenses Mortgage and REO - Legacy Portfolio and Other Operations
15,403

(6,329
)
(9,074
)
—

Mortgage and REO - Legacy Portfolio and Other Operations - Expenses for Non-Operating REO
—

—

3,592

3,592

Mortgage and REO - Legacy Portfolio and Other Operations - Professional Fees
—

—

957

957

Mortgage and REO - Legacy Portfolio and Other Operations - General and Administrative
—

—

55

55

Mortgage and REO - Legacy Portfolio and Other Operations - Interest
—

—

2,143

2,143

Mortgage and REO - Legacy Portfolio and Other Operations - Gain on disposal of Assets
—

—

(202
)
(202
)
Mortgage and REO - Legacy Portfolio and Other Operations - Credit Loss Provision (Recoveries)
—

—

1,000

1,000

Mortgage and REO - Legacy Portfolio and Other Operations - Impairment of Real Estate Owned
—

—

1,529

1,529

Total Expenses Mortgage and REO - Legacy Portfolio and Other Operations
15,403

(6,329
)
—

9,074

 
 
 
 
 
Expenses Commercial Real Estate Leasing Operations
2,262

2,601

(4,863
)
—

Commercial Real Estate Leasing Operations - Operating Property Direct Expense
—

—

2,579

2,579

Commercial Real Estate Leasing Operations - Interest
—

—

964

964

Commercial Real Estate Leasing Operations - Depreciation and Amortization
—

—

1,320

1,320

Total Expenses Commercial Real Estate Leasing Operations
2,262

2,601

—

4,863

 
 
 
 
 
 
 
 
 
 
Expenses Corporate and Other
21,263

3,793

(25,056
)
—

Corporate and Other - Expenses for Non-Operating REO
—

—

26

26

Corporate and Other - Professional Fees
—

—

5,206

5,206

Corporate and Other - General and Administrative
—

—

11,253

11,253

Corporate and Other - Interest
—

—

6,736

6,736

Corporate and Other - Depreciation and Amortization
—

—

477

477

Corporate and Other - Gain on disposal of Assets
—

—

1

1

Corporate and Other - Settlement and related
—

—

1,357

1,357

Total Expenses Corporate and Other
21,263

3,793

—

25,056