COMMITMENTS AND CONTINGENCIES (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended				1 Months Ended	6 Months Ended	12 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended									6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014 Lien	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012 Contract	Jun. 30, 2014 Minimum [Member]	Jun. 30, 2014 Maximum [Member]	Dec. 31, 2012 Project One [Member] unit	Jun. 30, 2014 Project One [Member]	Dec. 31, 2013 Project Two [Member] bed	Jun. 30, 2014 Project Two [Member]	Jun. 30, 2014 New World Realty Advisors LLC [Member]	Jun. 30, 2013 New World Realty Advisors LLC [Member]	Jun. 30, 2014 New World Realty Advisors LLC [Member]	Jun. 30, 2013 New World Realty Advisors LLC [Member]	Jun. 30, 2014 ITH Partners LLC [Member]	Jun. 30, 2013 ITH Partners LLC [Member]	Jun. 30, 2014 ITH Partners LLC [Member]	Jun. 30, 2013 ITH Partners LLC [Member]	Jun. 30, 2014 ITH Partners LLC [Member] Minimum [Member]	Jun. 30, 2013 ITH Partners LLC [Member] Maximum [Member]	Jun. 30, 2014 Community Facility District Bonds and Special Assessment Bond [Member]	Jun. 30, 2014 Loan Agreement With EDA [Member]	Jun. 30, 2014 Apple Valley [Member]	Jun. 30, 2014 Apple Valley [Member] Loan Agreement With EDA [Member]	Jun. 30, 2014 Title to Residential Property [Member]	Jun. 30, 2014 Assigned Mortgage [Member]	Jun. 30, 2014 Unsecured Debt [Member]
Contractual Agreements [Abstract]
Management Fee, Amount Paid													$ 400,000	$ 400,000	$ 800,000	$ 800,000
Percentage Of Legacy Assets Performance Fee (in percentage)															10.00%				3.00%
Legacy Assets Performance Fee													600,000	0	1,100,000	200,000	600,000	48,000	800,000	48,000
Base Legacy Assets Performance Fee, Paid															200,000
Consulting Fees																	200,000		400,000	400,000
Percentage of Valuation Mark of Any Assets Then Owned by Entity to Determine Legacy Asset Performance Fee																			110.00%
Special payments for securing debt or equity financing, percentage																					75.00%	1.00%
Special payments for securing debt or equity financing																			300,000
Development Services Agreements [Abstract]
Number of Development Service Agreements Entered Into During Period						2
Number Of Multifamily Housing Complex To Be Constructed									196
Assets Held-for-sale, at Carrying Value	5,800,000		5,800,000									6,400,000
Construction and Development Costs										35,200,000
Potential Third Party Financing										24,000,000
Number Of Student Housing Complex To Be Constructed											600
Predevelopment Service Fee Payable	200,000		200,000							160,000
Percentage Of Net Project Cost	3.00%		3.00%
Project Cost										3,000,000
Percentage Of Profit Attributable To Postdevelopment Service Fee (in percentage)							7.00%	10.00%
Minimum Number of Months Following Achievement of Occupancy to Determine Post-development Services Fee			15 months
Target Occupancy Percentage	90.00%		90.00%
Agreement Cancellation Period			30 days
Payments for Construction in Process			60,000
Contingencies Estimated Receipts Under Development Agreement Maximum																									2,800,000
Maximum Amount Of Advances Under Loan Agreement																										1,100,000
Amount Of Advances Received Under Loan Agreement																										200,000
Minimum Lot Purchase Price	6,000,000		6,000,000
Strategic Actions Taken Relating to REO Assets [Abstract]
Single Asset Real Estate Carrying Value	5,000,000		5,000,000
Past due and in default																							5,220,000
Guarantor Recovery [Abstract]
Loans Foreclosed, Accrued Default Interest, Percentage	24.00%		24.00%
Loans Foreclosed, Amount of Principal and Accrued Default Interest Received From Guarantor			22,000,000
Loan Foreclosed, Cash Received from Guarantor, Recognized In Period				200,000
Assets, Fair Value Disclosure																											3,800,000
Number of Liens Associated with Property Acquired			2
Value of Property Liens Acquired	15,000,000		15,000,000
Purchase Price of Liens Acquired	1,300,000		1,300,000
Credit Loss Recoveries	0	(4,965,000)		(7,571,000)	(548,000)																							400,000
Debt Instrument, Face Amount																													3,180,000
Debt Instrument, Interest Rate, Stated Percentage (percentage)	3.00%		3.00%																					6.00%					3.00%
Legal Matters [Abstract]
Loss Contingency, Damages Sought, Value			$ 2,300,000