COMMITMENTS AND CONTINGENCIES (Details) (USD $) Share data in Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended		12 Months Ended			9 Months Ended	12 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended								9 Months Ended		9 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 Lien	Sep. 30, 2013	Dec. 31, 2012 Contract	Sep. 30, 2014 Minimum [Member]	Sep. 30, 2014 Maximum [Member]	Sep. 30, 2014 Project One [Member]	Dec. 31, 2013 Project Two [Member] bed	Sep. 30, 2014 Project Two [Member]	Sep. 30, 2014 New World Realty Advisors LLC [Member]	Sep. 30, 2013 New World Realty Advisors LLC [Member]	Sep. 30, 2014 New World Realty Advisors LLC [Member]	Sep. 30, 2013 New World Realty Advisors LLC [Member]	Sep. 30, 2014 ITH Partners LLC [Member]	Sep. 30, 2013 ITH Partners LLC [Member]	Sep. 30, 2014 ITH Partners LLC [Member]	Sep. 30, 2013 ITH Partners LLC [Member]	Sep. 30, 2014 ITH Partners LLC [Member] Minimum [Member]	Sep. 30, 2013 ITH Partners LLC [Member] Maximum [Member]	Sep. 30, 2014 JCP Realty Advisors, LLC [Member]	Sep. 30, 2014 Apple Valley [Member]	Sep. 30, 2014 Apple Valley [Member] Loan Agreement With EDA [Member]	Sep. 30, 2014 Title to Residential Property [Member]	Sep. 30, 2014 Assigned Mortgage [Member]	Sep. 30, 2014 Unsecured Debt [Member]	Sep. 30, 2014 Subsequent Event [Member]	Oct. 20, 2014 Subsequent Event [Member] Project One [Member]	Sep. 30, 2014 Gain on Disposal of Assets [Member]
Commitments and Contingencies [Line Items]
Net Income (Loss) Attributable to Parent	$ (22,636,000)	$ (8,184,000)	$ (27,099,000)	$ (15,471,000)
Contractual Agreements [Abstract]
Percentage Of Legacy Assets Performance Fee (in percentage)													10.00%				3.00%				5.50%
Professional and Contract Services Expense													800,000	1,100,000	100,000	200,000	500,000	600,000			100,000
Legacy Assets Performance Fee											300,000	0	1,400,000	200,000	100,000	14,000	900,000	62,000
Consulting Agreement Initial Term			3 years
Consulting Agreement Automatic Renewable Period																					2 years
Contractual Obligation, Due in Next Twelve Months																					600,000
Loan Processing Fee													200,000
Consulting Fees															200,000
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																			0.75%	1.00%
Special payments for securing debt or equity financing																	300,000	300,000
Stock Issued During Period, Shares, Other																	1.0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value																	$ 1.72
Development Services Agreements [Abstract]
Number of Development Service Agreements Entered Into During Period					2
Land Available for Development	5,800,000		5,800,000					3,000,000
Assets Held-for-sale, at Carrying Value										6,400,000
Construction and Development Costs								35,500,000
Third Party Construction 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%
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
Liabilities Subject to Compromise, Early Contract Termination Fees	500,000		500,000
Payments for Construction in Process	40,000		120,000																								600,000
Contingencies Estimated Receipts Under Development Agreement Maximum																						3,200,000
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	4,800,000		4,800,000
Gains (Losses) on Extinguishment of Debt																													3,300,000
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			23,300,000
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
Recovery of Credit Losses	172,000	679,000	721,000	8,250,000																					400,000
Debt Instrument, Face Amount																										3,180,000
Debt Instrument, Interest Rate, Stated Percentage (percentage)	3.00%		3.00%																				6.00%			3.00%
Bankruptcy Claims, Amount of Claims Expunged by Bankruptcy Court	8,100,000		8,100,000																							3,180,000
Legal Matters [Abstract]
Loss Contingency, Damages Sought, Value			$ 2,300,000