BUSINESS, BASIS OF PRESENTATION AND LIQUIDITY (Details Textual) $ in Thousands			1 Months Ended		3 Months Ended	6 Months Ended		12 Months Ended	68 Months Ended
	May 31, 2018 USD ($)	Oct. 02, 2017	Nov. 30, 2017 USD ($)	Oct. 31, 2017 USD ($)	Jun. 30, 2019 USD ($) hotel_room	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2008 USD ($)	Apr. 30, 2014 USD ($)
Business, Basis of Presentation and Liquidity [Line Items]
Amount of fund equity capital raised									$ 875,000
Accumulated deficit					$ 702,400	$ 702,400		$ 692,876
Proceeds from Issuance of Preferred Equity						0	$ 30,000
Debt					49,258	49,258
Cash and cash equivalents					12,222	12,222		25,452
REO assets acquired through foreclosure					104,800	104,800		75,000
Mortgages
Business, Basis of Presentation and Liquidity [Line Items]
Debt					13,200	13,200
Debt amount					11,000	11,000
Held For Sale
Business, Basis of Presentation and Liquidity [Line Items]
REO assets acquired through foreclosure					7,400	7,400		7,400
Other Real Estate Owned
Business, Basis of Presentation and Liquidity [Line Items]
REO assets acquired through foreclosure					33,700	33,700		33,700
MacArthur Loan
Business, Basis of Presentation and Liquidity [Line Items]
Proceeds from issuance of debt				$ 32,300				$ 11,900
Exchange Offering Notes
Business, Basis of Presentation and Liquidity [Line Items]
Debt amount										$ 10,200
Hotel | MacArthur Loan
Business, Basis of Presentation and Liquidity [Line Items]
Debt amount					$ 37,000	37,000
Hotel | MacArthur Place | MacArthur Loan
Business, Basis of Presentation and Liquidity [Line Items]
Number of hotel rooms | hotel_room					64
Proceeds from issuance of debt				19,400
Required minimum liquidity				$ 5,000	$ 37,000	37,000
Covenant compliance, reserve accounts					2,000	2,000
Repayment guaranty		50.00%		50.00%
Required minimum net worth				$ 50,000
Preferred Interests | L’Auberge Fund Manager, LLC
Business, Basis of Presentation and Liquidity [Line Items]
Proceeds from private offering			$ 25,000			22,500
Private offering acquired						$ 17,800
JPMorgan Chase Funding Inc.
Business, Basis of Presentation and Liquidity [Line Items]
Loan from JPM Chase Funding, Inc., (a related party) for purchase first mortgage on operating property					11,000
Series B-3 Cumulative Convertible Preferred Stock and Series A Senior Redeemable Preferred Stock | JPMorgan Chase Funding Inc.
Business, Basis of Presentation and Liquidity [Line Items]
Proceeds from Issuance of Preferred Equity	$ 30,000
Series B Preferred Stock
Business, Basis of Presentation and Liquidity [Line Items]
Preferred stock redemption price						150.00%
Preferred stock, accrued and unpaid dividends, percentage						145.00%
Commitment To Fund Equity | Hotel | MacArthur Loan
Business, Basis of Presentation and Liquidity [Line Items]
Commitment to provide funds				$ 27,700	27,700	$ 27,700
Mortgage Receivable | Mezzanine Loan One
Business, Basis of Presentation and Liquidity [Line Items]
Securities received as collateral					$ 7,600
Pledged equity interest, collateral percent					100.00%			100.00%