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REAL ESTATE PROPERTIES (Details 3)
$ in Thousands
3 Months Ended 12 Months Ended
Sep. 30, 2016
USD ($)
property_unit
Jun. 30, 2016
USD ($)
Mar. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Sep. 30, 2015
USD ($)
Jun. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Sep. 30, 2016
USD ($)
property_unit
Sep. 30, 2015
USD ($)
Sep. 30, 2014
USD ($)
Revenues from External Customers and Long-Lived Assets [Line Items]                      
Number of units | property_unit 9,420               9,420    
2016 Revenue | $ $ 24,757 $ 23,245 $ 24,857 $ 21,405 $ 19,656 $ 19,790 $ 19,123 $ 18,526 $ 94,264 $ 77,095 $ 61,813
Geographic concentration | Multi-family residential | Revenue                      
Revenues from External Customers and Long-Lived Assets [Line Items]                      
Number of units | property_unit 9,420               9,420    
2016 Revenue | $                 $ 89,538    
% of 2016 Revenue                 100.00%    
Texas | Geographic concentration | Multi-family residential | Revenue                      
Revenues from External Customers and Long-Lived Assets [Line Items]                      
Number of units | property_unit 2,750               2,750    
2016 Revenue | $                 $ 19,957    
% of 2016 Revenue                 22.00%    
Florida | Geographic concentration | Multi-family residential | Revenue                      
Revenues from External Customers and Long-Lived Assets [Line Items]                      
Number of units | property_unit 1,186               1,186    
2016 Revenue | $                 $ 15,652    
% of 2016 Revenue                 17.00%    
Georgia | Geographic concentration | Multi-family residential | Revenue                      
Revenues from External Customers and Long-Lived Assets [Line Items]                      
Number of units | property_unit 1,309               1,309    
2016 Revenue | $                 $ 14,576    
% of 2016 Revenue                 16.00%    
Tennessee | Geographic concentration | Multi-family residential | Revenue                      
Revenues from External Customers and Long-Lived Assets [Line Items]                      
Number of units | property_unit 456               456    
2016 Revenue | $                 $ 9,735    
% of 2016 Revenue                 11.00%    
Alabama | Geographic concentration | Multi-family residential | Revenue                      
Revenues from External Customers and Long-Lived Assets [Line Items]                      
Number of units | property_unit 826               826    
2016 Revenue | $                 $ 6,966    
% of 2016 Revenue                 8.00%    
South Carolina | Geographic concentration | Multi-family residential | Revenue                      
Revenues from External Customers and Long-Lived Assets [Line Items]                      
Number of units | property_unit 1,033               1,033    
2016 Revenue | $                 $ 6,613    
% of 2016 Revenue                 8.00%    
Missouri | Geographic concentration | Multi-family residential | Revenue                      
Revenues from External Customers and Long-Lived Assets [Line Items]                      
Number of units | property_unit 420               420    
2016 Revenue | $                 $ 3,854    
% of 2016 Revenue                 4.00%    
Indiana | Geographic concentration | Multi-family residential | Revenue                      
Revenues from External Customers and Long-Lived Assets [Line Items]                      
Number of units | property_unit 400               400    
2016 Revenue | $                 $ 3,152    
% of 2016 Revenue                 4.00%    
Kansas | Geographic concentration | Multi-family residential | Revenue                      
Revenues from External Customers and Long-Lived Assets [Line Items]                      
Number of units | property_unit 0               0    
2016 Revenue | $                 $ 3,132    
% of 2016 Revenue                 3.00%    
Mississippi | Geographic concentration | Multi-family residential | Revenue                      
Revenues from External Customers and Long-Lived Assets [Line Items]                      
Number of units | property_unit 776               776    
2016 Revenue | $                 $ 2,678    
% of 2016 Revenue                 3.00%    
Ohio | Geographic concentration | Multi-family residential | Revenue                      
Revenues from External Customers and Long-Lived Assets [Line Items]                      
Number of units | property_unit 264               264    
2016 Revenue | $                 $ 2,440    
% of 2016 Revenue                 3.00%    
Arkansas | Geographic concentration | Multi-family residential | Revenue                      
Revenues from External Customers and Long-Lived Assets [Line Items]                      
Number of units | property_unit 0               0    
2016 Revenue | $                 $ 783    
% of 2016 Revenue                 1.00%