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RELATED PARTY TRANSACTIONS AND COMMITMENTS - Contractual Agreements (Details)
3 Months Ended
Jul. 24, 2014
USD ($)
Mar. 31, 2018
USD ($)
Loan
$ / shares
shares
Mar. 31, 2017
USD ($)
Feb. 09, 2018
USD ($)
$ / shares
shares
Dec. 31, 2017
USD ($)
$ / shares
shares
Related Party Transaction [Line Items]          
Syndicated financing of investment   $ 3,434,000 $ (8,000)    
Professional fees   $ 875,000 929,000    
Redeemable Convertible Preferred Stock, shares issued | shares   10,552,941     8,200,000
Redeemable Convertible Preferred Stock, par value (in dollars per share) | $ / shares   $ 0.01     $ 0.01
Chief Executive Officer [Member]          
Related Party Transaction [Line Items]          
Percentage of carrying value used to calculate legacy assets performance fee   110.00%      
Legacy fees   $ 0 600,000    
JCP Realty Advisors, LLC [Member]          
Related Party Transaction [Line Items]          
Percentage of carrying value used to calculate legacy assets performance fee 110.00%        
Legacy fees   0 1,000,000    
Annual consulting fees $ 500,000        
Origination Fee 1.25%        
Percentage of legacy assets performance fee 5.50%        
Consulting fees   100,000 $ 200,000    
Unconsolidated Partnerships [Member]          
Related Party Transaction [Line Items]          
Notes receivable   $ 3,400,000     $ 1,900,000
JPMorgan Chase Funding Inc. [Member]          
Related Party Transaction [Line Items]          
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares       600,000  
Mortgage Receivable [Member]          
Related Party Transaction [Line Items]          
Number of loans acquired | Loan   1      
Discount on loans acquired   $ 13,100,000      
Expenses of acquired loans   $ 100,000      
Number of extensions available for loans acquired   1      
Annual interest rate of loans acquired   8.50%      
Series B-3 Cumulative Convertible Preferred Stock [Member] | JPMorgan Chase Funding Inc. [Member]          
Related Party Transaction [Line Items]          
Redeemable Convertible Preferred Stock, shares issued | shares       2,352,941  
Series B Preferred Stock [Member] | JPMorgan Chase Funding Inc. [Member]          
Related Party Transaction [Line Items]          
Sale of Stock, Price Per Share | $ / shares       $ 3.40  
Preferred Stock, Value, Subscriptions       $ 8,000,000