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SEGMENT REPORTING (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
segment
Jun. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
Segment Reporting Information [Line Items]          
Number of reportable segments | segment     1    
Segment revenues and net operating income [Abstract]          
Revenue $ 43,910 $ 46,934 $ 88,316 $ 92,542  
Property operating expenses, including real estate taxes 17,770 19,516 36,703 39,552  
Net operating income 26,140 27,418 51,613 52,990  
Property management (1,345) (1,445) (2,899) (2,999)  
Casualty gain (loss) (913) (92) (1,240) (733)  
Depreciation and amortization (18,156) (18,437) (36,316) (36,548)  
General and administrative expenses (3,202) (3,549) (6,630) (7,355)  
Interest expense (6,940) (7,590) (13,851) (15,486)  
Interest and other income 538 468 (2,239) 892  
Income (loss) before gain (loss) on sale of real estate and other investments and gain (loss) on litigation settlement (3,895) (3,634) (11,579) (9,648)  
Loss on debt extinguishment (17) (407) (17) (409)  
Gain (loss) on sale of real estate and other investments (190) 615 (190) 669  
Gain (loss) on litigation settlement 0 6,286 0 6,286  
NET INCOME (LOSS) (4,085) 3,267 (11,769) (2,693)  
Segment assets          
Property owned 1,694,033   1,694,033   $ 1,643,078
Less accumulated depreciation (383,917)   (383,917)   (349,122)
Total property owned 1,310,116   1,310,116   1,293,956
Cash and cash equivalents 52,714 17,406 52,714 17,406 26,579
Restricted cash 2,535 4,672 2,535 4,672 19,538
Other assets 16,484   16,484   34,829
Unimproved land         1,376
Mortgage loans receivable 10,961   10,961   16,140
TOTAL ASSETS 1,392,810   1,392,810   1,392,418
Management Service          
Segment revenues and net operating income [Abstract]          
Property management (1,345) (1,445) (2,899) (2,999)  
Casualty gain (loss)   (92) (1,240) (733)  
Operating Segments | Multifamily          
Segment revenues and net operating income [Abstract]          
Revenue 43,492 39,867 86,823 78,606  
Property operating expenses, including real estate taxes 17,521 16,203 36,099 32,974  
Net operating income 25,971 23,664 50,724 45,632  
Segment assets          
Property owned 1,660,419   1,660,419   1,609,471
Less accumulated depreciation (373,244)   (373,244)   (339,272)
Total property owned 1,287,175   1,287,175   1,270,199
Operating Segments | All Other          
Segment revenues and net operating income [Abstract]          
Revenue 418 7,067 1,493 13,936  
Property operating expenses, including real estate taxes 249 3,313 604 6,578  
Net operating income 169 $ 3,754 889 $ 7,358  
Segment assets          
Property owned 33,614   33,614   33,607
Less accumulated depreciation (10,673)   (10,673)   (9,850)
Total property owned $ 22,941   $ 22,941   $ 23,757