LOANS RECEIVABLE AND OTHER INVESTMENTS (Details) (USD $)						0 Months Ended		3 Months Ended
	Mar. 31, 2014 Facilities	Mar. 31, 2014 Investment	Dec. 31, 2013	Mar. 31, 2014 Mortgage Loans Receivable [Member] Facilities	Mar. 31, 2014 Construction Mortgage Loans [Member] Facilities	Mar. 05, 2014 Mezzanine Investments [Member] Facilities	Mar. 31, 2014 Mezzanine Investments [Member] loan	Mar. 31, 2014 Chai Mezzanine Loan Portfolio [Member] Wholly Owned Subsidiary [Member] unit	Mar. 31, 2014 Pre-Development Loans [Member] loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Facilities, Option to Purchase Exercised						2
Acquisition of Real Estate Held-for-investment						$ 24,500,000
Proceeds from Collection of Loans Receivable						5,800,000
Payments to Acquire Real Estate Held-for-investment						18,700,000
Loans and Leases Receivable, Number of Loans	11	11		4	3		1		3
Loans and Leases Receivable, Gross		190,606,000		149,161,000	33,044,000		6,517,000	6,500,000	1,884,000
Loans receivable and other investments, net		191,529,000		149,648,000	33,375,000		6,541,000		1,965,000
Loans and Leases Receivable, Fixed Interest Rate	8.21648%	8.21648%		8.20%	7.50%		12.00%		9.00%
Loans And Leases Receiavble, Effective Interest Rate	8.09447%	8.09447%		8.10%	7.40%		11.60%		7.80%
Loans and Leases Receivable, Number of Units in Real Estate Property Used as Collateral								10
Loans and Leases Receivable, Option to Purchase								25,500,000
Preferred Equity Investments, Number	2	2
Preferred equity investment, Face Value		7,979,000	7,695,000
Preferred Equity Investment, Carrying Amount		8,074,000
Preferred Equity Investment, Weighted Average Contractual Rate	15.00%	15.00%
Preferred Equity Investment, Weighted Average Effective Rate	15.00%	15.00%
Number of Investments	13	13
Investment Owned, Balance, Principal Amount		198,585,000
Investments		$ 199,603,000
Investments, Weighted Average Contractual Rate	8.50%	8.50%
Investments, Weighted Average Effective Rate	8.40%	8.40%