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NOTES RECEIVABLE Schedule of Notes Receivable (Details) (USD $)
1 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2012
Aug. 31, 2012
Fund III
Opportunity Funds
Undeveloped land
Farmingdale, New York
Sep. 30, 2012
Zero Coupon Loan
Sep. 30, 2012
Mezzanine Loan Due 2013
Sep. 30, 2012
Mezzanine Loan Due With Capital Event
Sep. 30, 2012
First Mortgage Loan Due 2012
Sep. 30, 2012
First Mortgage Loan Due 2013
Sep. 30, 2012
First Mortgage Loan Due on Demand Second
Sep. 30, 2012
First Mortgage Loan Due 2012 Second
extension_options
Sep. 30, 2012
Construction Loans
Sep. 30, 2012
Individually Less Than 3%
Sep. 30, 2012
Individually Less Than 3%
Minimum
Sep. 30, 2012
Individually Less Than 3%
Maximum
Sep. 30, 2012
First Mortgage Loan, Secured By Property
Brooklyn, New York
Apr. 30, 2012
First Mortgage Loan, Secured By Property
Brooklyn, New York
Mortgage Loans on Real Estate [Line Items]                              
Effective interest rate     24.00% 10.00% 15.00% 12.00% 9.20% 5.30% 6.00% 20.50%   10.00% 12.00%    
Prior liens     $ 166,200,000 $ 85,835,000 $ 11,925,000 $ 0 $ 0 $ 0 $ 0 $ 0 $ 37,623,000        
Carrying amount of mortgages 78,826,000   3,861,000 9,089,000 3,834,000 19,500,000 3,000,000 18,500,000 12,609,000 5,400,000 3,033,000     23,500,000  
Noncash or Part Noncash Acquisition, Debt Assumed   10,000,000                          
Number of extension options (in extension options)                 2            
Period of extension options (in months)                 6 months            
Period of extension options, second period (in months)                 6 months            
Face amount of mortgages                             $ 18,500,000
Mortgage loans on real estate, interest rate                           16.00%