CAPITAL STRUCTURE AND ACCOUNTS (Details 3) (USD $)	3 Months Ended		6 Months Ended			0 Months Ended	1 Months Ended	5 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014 Class A Common Stock	Feb. 12, 2014 Unrealized gain (loss) on real estate securities, available for sale	Feb. 10, 2014 Unrealized gain (loss) on real estate securities, available for sale	Jun. 30, 2014 Unrealized gain (loss) on real estate securities, available for sale	Jun. 30, 2014 Unrealized gain (loss) on real estate securities, available for sale
Accumulated Other Comprehensive Income
Beginning balance							$ 12,133,807		$ 12,133,807
Other comprehensive income of predecessor							18,605,177
Amounts reclassified from accumulated other comprehensive income of predecessor							(1,597,237)
Less: Accumulated other comprehensive income of predecessor						(29,141,747)
Other comprehensive income before reclassifications								19,117,143
Amounts reclassified from accumulated other comprehensive income								(5,911,314)
Net current-period other comprehensive income								13,205,829
Net current-period other comprehensive income attributable to noncontrolling interest in operating partnership								8,181,530
Net current-period other comprehensive income attributable to Class A common shareholders					5,024,299
Ending balance	5,024,250		5,024,250			29,141,747
Provision for income taxes	$ 4,923,857	$ 0	$ 5,229,808	$ 0					$ 3,981,201