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DISPOSITION OF PROPERTY AND DISCONTINUED OPERATIONS (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended 1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 0 Months Ended
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Apr. 30, 2013
Discontinued operations
item
Sep. 30, 2012
Discontinued operations
Sep. 30, 2013
Discontinued operations
item
Sep. 30, 2012
Discontinued operations
Dec. 31, 2012
Discontinued operations
item
Mar. 14, 2013
South Bay Manor
item
Mar. 29, 2013
Falkland Chase
item
Apr. 10, 2013
Castle Club
item
Operating results of discontinued operations                      
Number of apartment communities sold           3   6      
Number of Units       669         61 450 158
Sales Price       $ 124,100         $ 11,100 $ 98,000 $ 15,000
Gain on Sale 19,667 45,004 19,667 45,040 19,667 45,004 19,667   5,222 36,511 3,307
Revenues:                      
Rental income         6,724 2,512 20,510        
Property other income         691 351 2,072        
Total revenues         7,415 2,863 22,582        
Expenses:                      
Operating and maintenance         2,722 952 8,203        
Interest expense         996 1,741 3,158        
Depreciation and amortization         1,687 547 5,249        
Total expenses         5,405 3,240 16,610        
Income (loss) from discontinued operations 2,010 (377) 5,972   2,010 (377) 5,972        
Discontinued operations 21,677 44,627 25,639   21,677 44,627 25,639        
Debt extinguishment costs and other one-time costs incurred           $ 1,416