ADVISOR'S COMPENSATION AND RELATED PARTY TRANSACTIONS (Details) (USD $)	12 Months Ended			3 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2011 REIT Management	Dec. 31, 2012 REIT Management	Sep. 30, 2014 REIT Management Amended and Restated Advisory Agreement, as amended in January 2012	Sep. 30, 2013 REIT Management Amended and Restated Advisory Agreement, as amended in January 2012	Sep. 30, 2012 REIT Management Amended and Restated Advisory Agreement, as amended in January 2012	Sep. 30, 2014 REIT Management Amended and Restated Advisory Agreement, as amended in January 2012 Minimum	Sep. 30, 2014 REIT Management Amended and Restated Advisory Agreement, as amended in January 2012 Maximum	Sep. 30, 2014 Majestic Property Management Corp. Real property management, real estate brokerage and construction supervision services	Sep. 30, 2013 Majestic Property Management Corp. Real property management, real estate brokerage and construction supervision services	Sep. 30, 2012 Majestic Property Management Corp. Real property management, real estate brokerage and construction supervision services	Sep. 30, 2014 Gould Investors L.P. Shared services agreement	Sep. 30, 2013 Gould Investors L.P. Shared services agreement	Sep. 30, 2012 Gould Investors L.P. Shared services agreement
ADVISOR'S COMPENSATION AND RELATED PARTY TRANSACTIONS
Advisory fees as a percentage of invested assets				0.60%
Fees payable in a twelve month period									$ 750,000	$ 4,000,000
Advisory fees payable on quarterly basis as a percentage of average principal amount of earning loans						1.00%
Advisory fees payable on quarterly basis as a percentage of average amount of the fair market value of non-earning loans						0.35%
Advisory fees payable on quarterly basis as a percentage of average book value of all real estate properties, excluding depreciation						0.45%
Advisory fees payable on quarterly basis as a percentage of average amount of the fair market value of marketable securities						0.25%
Advisory fees payable on quarterly basis as a percentage of average amount of cash and cash equivalents						0.15%
Advisory fees						2,016,000	1,802,000	1,104,000			28,000	81,000	74,000
Advisory fees reported as component of discontinued operations	215,000	831,000	684,000
Loan origination fees as a percentage of total loan paid directly by the Trust's borrowers					0.50%
General and administrative to related party	$ 623,000	$ 779,000	$ 705,000											$ 474,000	$ 633,000	$ 705,000