CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
REVENUE:
Operating Property Revenue	$ 6,351,000	$ 5,660,000	$ 20,077,000	$ 11,065,000
Investment and Other Income	324,000	866,000	1,213,000	2,030,000
Mortgage Loan Income, Net	1,321,000	201,000	2,191,000	585,000
Total Revenue	7,996,000	6,727,000	23,481,000	13,680,000
OPERATING EXPENSES:
Operating Property Direct Expenses (exclusive of Interest and Depreciation)	5,572,000	4,904,000	16,815,000	9,402,000
Expenses for Non-Operating Real Estate Owned	481,000	410,000	1,627,000	1,336,000
Professional Fees	890,000	1,992,000	6,251,000	5,478,000
General and Administrative Expenses	3,582,000	1,485,000	6,739,000	4,201,000
Interest Expense	3,454,000	5,224,000	13,043,000	13,913,000
Debt Termination Charge	21,658,000	0	21,658,000	0
Depreciation and Amortization Expense	797,000	987,000	2,798,000	2,062,000
Settlement and Related Costs	0	840,000	0	1,962,000
Total Operating Expenses	36,434,000	15,842,000	68,931,000	38,354,000
RECOVERY OF CREDIT LOSSES AND GAIN ON DISPOSAL OF ASSETS:
Gain on Disposal of Assets	(5,630,000)	(252,000)	(17,630,000)	(953,000)
Recovery of Credit Losses	(172,000)	(679,000)	(721,000)	(8,250,000)
Total Recovery of Credit Losses and Gain on Disposal of Assets	(5,802,000)	(931,000)	(18,351,000)	(9,203,000)
Total Costs and Expenses	30,632,000	14,911,000	50,580,000	29,151,000
Loss before Income Taxes	(22,636,000)	(8,184,000)	(27,099,000)	(15,471,000)
Provision for Income Taxes	0	0	0	0
NET LOSS	(22,636,000)	(8,184,000)	(27,099,000)	(15,471,000)
Cash Dividend on Redeemable Convertible Preferred Stock	(399,000)	0	(399,000)	0
Deemed Dividend on Redeemable Convertible Preferred Stock		0	(400,000)	0
Net Loss Attributable to Common Shareholders	(23,435,000)	(8,184,000)	(27,898,000)	(15,471,000)
Basic and diluted loss per common share
Net Loss per Share (in dollars per share)	$ (1.53)	$ (0.49)	$ (1.74)	$ (0.92)
Weighted Average Common Shares Outstanding (in shares)	15,323,933	16,873,880	16,026,515	16,873,880
Series B Preferred Stock [Member]
RECOVERY OF CREDIT LOSSES AND GAIN ON DISPOSAL OF ASSETS:
Deemed Dividend on Redeemable Convertible Preferred Stock	$ (400,000)		$ (400,000)