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SEGMENT REPORTING (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Jun. 30, 2019
USD ($)
segment
Jun. 30, 2018
USD ($)
Dec. 31, 2018
USD ($)
Segment Reporting Information [Line Items]          
Number of reportable segments | segment     1    
Segment revenues and net operating income [Abstract]          
Revenue $ 46,934 $ 46,197 $ 92,542 $ 89,232  
Property operating expenses, including real estate taxes 19,516 18,937 39,552 38,204  
Net operating income 27,418 27,260 52,990 51,028  
Casualty gain (loss) (92) 0 (733) (50)  
Depreciation and amortization (18,437) (19,132) (36,548) (39,648)  
Impairment of real estate investments 0 (17,809) 0 (17,809)  
Loss on impairment   (17,809)      
General and administrative expenses (3,549) (4,348) (7,355) (7,967)  
Interest expense (7,590) (8,562) (15,486) (16,858)  
Loss on debt extinguishment (407) (12) (409) (133)  
Interest and other income 468 460 892 1,149  
Income (loss) before gain (loss) on sale of real estate and other investments, gain (loss) on litigation settlement, and income (loss) from discontinued operations (3,634) (23,587) (9,648) (33,109)  
Gain (loss) on sale of real estate and other investments 615 0 669 2,304  
Gain (loss) on litigation settlement 6,286 0 6,286 0  
Income (loss) from continuing operations 3,267 (23,587) (2,693) (30,805)  
Income (loss) from discontinued operations 0 238 0 14,120  
NET INCOME (LOSS) 3,267 (23,349) (2,693) (16,685)  
Segment assets          
Property owned 1,663,539   1,663,539   $ 1,627,636
Less accumulated depreciation (380,321)   (380,321)   (353,871)
Total property owned 1,283,218   1,283,218   1,273,765
Cash and cash equivalents 17,406 20,451 17,406 20,451 13,792
Restricted cash 4,672 4,454 4,672 4,454 5,464
Other assets 30,626   30,626   27,265
Unimproved land 1,746   1,746   5,301
Mortgage loans receivable 10,140   10,140   10,410
TOTAL ASSETS 1,347,808   1,347,808   1,335,997
Management Service          
Segment revenues and net operating income [Abstract]          
Property management (1,445) (1,444) (2,999) (2,821)  
Operating Segments | Multifamily          
Segment revenues and net operating income [Abstract]          
Revenue 45,945 43,149 90,759 83,203  
Property operating expenses, including real estate taxes 19,111 17,826 38,799 35,954  
Net operating income 26,834 25,323 51,960 47,249  
Segment assets          
Property owned 1,628,133   1,628,133   1,582,917
Less accumulated depreciation (371,213)   (371,213)   (340,081)
Total property owned 1,256,920   1,256,920   1,242,836
Operating Segments | All Other          
Segment revenues and net operating income [Abstract]          
Revenue 989 3,048 1,783 6,029  
Property operating expenses, including real estate taxes 405 1,111 753 2,250  
Net operating income 584 $ 1,937 1,030 $ 3,779  
Segment assets          
Property owned 35,406   35,406   44,719
Less accumulated depreciation (9,108)   (9,108)   (13,790)
Total property owned $ 26,298   $ 26,298   $ 30,929