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DEBT OBLIGATIONS - Mortgage Payable (Details)
12 Months Ended
Sep. 16, 2016
USD ($)
Sep. 01, 2016
USD ($)
Aug. 15, 2016
USD ($)
May 31, 2016
USD ($)
May 11, 2016
USD ($)
May 06, 2016
USD ($)
Feb. 29, 2016
USD ($)
Feb. 01, 2016
USD ($)
Jan. 22, 2016
USD ($)
Sep. 30, 2016
USD ($)
property
Apr. 15, 2016
USD ($)
Feb. 09, 2016
USD ($)
Nov. 18, 2015
USD ($)
Nov. 10, 2015
USD ($)
Oct. 13, 2015
USD ($)
Sep. 30, 2015
USD ($)
Debt Instrument [Line Items]                                
Debt, long-term and short-term debt, combined amount                   $ 652,507,000           $ 507,385,000
Deferred mortgage costs                   (6,275,000)           (5,327,000)
Mortgages held for sale                   $ 27,052,000            
Number of properties owned and operated | property                   33            
Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount                   $ 238,212,000            
Mortgages | Multi-family residential                                
Debt Instrument [Line Items]                                
Number of properties owned and operated | property                   33            
Debt, weighted average interest rate                   3.98%            
Average maturity                   7 years            
Maturities of Long-term Debt [Abstract]                                
2017                   $ 5,649,000            
2018                   6,828,000            
2019                   127,067,000            
2020                   32,431,000            
2021                   46,683,000            
Thereafter                   402,724,000            
Total debt obligations                   621,382,000            
Junior subordinated notes                                
Debt Instrument [Line Items]                                
Debt, long-term and short-term debt, combined amount                   37,400,000           37,400,000
Deferred mortgage costs                   (402,000)           (422,000)
Mortgages                                
Debt Instrument [Line Items]                                
Debt, long-term and short-term debt, combined amount                   621,382,000           475,312,000
Deferred mortgage costs                   (5,873,000)           $ (4,905,000)
Additional mortgages obtained | Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount                   $ 14,709,000            
LaGrange, GA | Mortgages Maturing in February 2022 | Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount                         $ 16,051,000      
Interest rate (as a percent)                         4.36%      
Katy, TX | Mortgages Maturing in February 2026 | Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount                 $ 30,750,000              
Interest rate (as a percent)                 4.44%              
Average maturity                 60 months              
Macon, GA | Mortgages Maturing in February 2026 | Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount               $ 11,200,000                
Interest rate (as a percent)               4.39%                
Average maturity               24 months                
Southaven, MS (Location 1) | Mortgages Maturing in March 2026 | Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount             $ 28,000,000                  
Interest rate (as a percent)             4.24%                  
Average maturity             60 months                  
San Antonio, TX (Location 1) | Mortgages Maturing in May 2023 | Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount           $ 26,400,000                    
Interest rate (as a percent)           3.61%                    
Average maturity           23 months                    
Dallas, TX | Mortgages Maturing in May 2028 | Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount         $ 27,938,000                      
Interest rate (as a percent)         4.01%                      
Average maturity         24 months                      
Columbia, SC (Location 1) | Mortgages Maturing in June 2026 | Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount       $ 12,934,000                        
Interest rate (as a percent)       4.28%                        
Average maturity       36 months                        
Atlanta, GA (Location 2) | Mortgages Maturing in August 2026 | Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount     $ 27,375,000                          
Interest rate (as a percent)     3.97%                          
Average maturity     36 months                          
Southaven, MS (Location 2) | Mortgages Maturing in September 2026 | Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount   $ 30,564,000                            
Interest rate (as a percent)   3.73%                            
Average maturity   60 months                            
San Antonio, TX (Location 2) | Mortgages Maturing in September 2026 | Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount $ 27,000,000                              
Interest rate (as a percent) 4.05%                              
Average maturity 36 months                              
Pensacola, FL | Mortgages Maturing in March 2022 | Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount                             $ 3,194,000  
Interest rate (as a percent)                             4.92%  
Atlanta, GA (Location 1) | Mortgages Maturing in July 2021 | Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount                           $ 5,000,000    
Interest rate (as a percent)                           4.93%    
Houston, TX | Mortgages Maturing in August 2021 | Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount                       $ 3,865,000        
Interest rate (as a percent)                       4.94%        
Huntsville, AL | Mortgages Maturing in November 2023 | Mortgages                                
Debt Instrument [Line Items]                                
Debt face amount                     $ 2,650,000          
Interest rate (as a percent)                     5.29%