NOTES PAYABLE (Details) $ in Thousands	Jun. 30, 2017 USD ($)
Notes Payable	$ 821,028
Accrued Interest	2,755
Total Debt	823,783
Unamortized deferred borrowing costs	(18,532)
Apartments [Member]
Notes Payable	539,556
Accrued Interest	1,459
Total Debt	541,015
Apartments Under Construction [Member]
Notes Payable	32,564
Total Debt	32,564
Commercial [Member]
Notes Payable	127,542
Accrued Interest	599
Total Debt	128,141
Land [Member]
Notes Payable	26,100
Accrued Interest	229
Total Debt	26,329
Real Estate Subject To Sales Contract [Member]
Notes Payable	3,542
Accrued Interest	470
Total Debt	4,012
Mezzanine Financing [Member]
Notes Payable	101,173
Total Debt	101,173
Other [Member]
Notes Payable	9,083
Accrued Interest	(2)
Total Debt	9,081
Total Notes Payable [Member]
Notes Payable	839,560
Accrued Interest	2,755
Total Debt	842,315
Unamortized deferred borrowing costs	$ (18,532)