LOANS RECEIVABLE AND OTHER INVESTMENTS (Details) (USD $)					0 Months Ended		6 Months Ended
	Jun. 30, 2014 Facilities Investment	Dec. 31, 2013	Jun. 30, 2014 Mortgage Loans Receivable [Member] Facilities	Jun. 30, 2014 Construction Mortgage Loans [Member] Facilities	Mar. 05, 2014 Mezzanine Investments [Member] Facilities	Jun. 30, 2014 Mezzanine Investments [Member] loan	Jun. 30, 2014 Chai Mezzanine Loan Portfolio [Member] Wholly Owned Subsidiary [Member] unit	Jun. 30, 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	12		4	3		1		4
Loans and Leases Receivable, Gross	209,971,000		149,756,000	50,989,000		6,517,000	6,500,000	2,709,000
Loans receivable and other investments, net	210,866,000		150,203,000	51,309,000		6,536,000		2,818,000
Loans and Leases Receivable, Fixed Interest Rate	8.23399%		8.20%	7.40%		12.00%		9.00%
Loans And Leases Receiavble, Effective Interest Rate	8.01249%		8.10%	7.30%		11.60%		8.00%
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	5
Preferred equity investment, Face Value	14,711,000	7,695,000
Preferred Equity Investment, Carrying Amount	14,921,000
Preferred Equity Investment, Weighted Average Contractual Rate	14.20%
Preferred Equity Investment, Weighted Average Effective Rate	14.10%
Number of Investments	17
Investment Owned, Balance, Principal Amount	224,682,000
Investments	$ 225,787,000
Investments, Weighted Average Contractual Rate	8.60%
Investments, Weighted Average Effective Rate	8.40%