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Loans Receivable (Details) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Dec. 31, 2011
Summary of Trust's Loans Receivable    
Loans receivable, net $ 123,872 $ 114,333
160 Spear (6) [Member] | B Note [Member]
   
Summary of Trust's Loans Receivable    
Interest rate on mortgage loans 9.75%  
Loans receivable, net    11,555
160 Spear (6) [Member] | Mezzanine [Member]
   
Summary of Trust's Loans Receivable    
Interest rate on mortgage loans 15.00%  
Loans receivable, net    4,846
Magazine (6) [Member] | Mezzanine [Member]
   
Summary of Trust's Loans Receivable    
Loans receivable, net    18,805
Mortgage Loans Receivable Basis Spread on Variable Rate 1.23%  
Mentor Building [Member] | Whole Loan [Member]
   
Summary of Trust's Loans Receivable    
Interest rate on mortgage loans 10.00%  
Loans receivable, net 2,511  
Maturity date of loan Sep. 10, 2017  
Hotel Wales [Member] | Whole Loan [Member]
   
Summary of Trust's Loans Receivable    
Loans receivable, net 20,097 20,101
Maturity date of loan Oct. 05, 2013  
Mortgage Loans Receivable Basis Spread on Variable Rate 4.00%  
Renaissance Walk [Member] | Mezzanine [Member]
   
Summary of Trust's Loans Receivable    
Loans receivable, net 3,000 3,000
Maturity date of loan Jan. 01, 2014  
Mortgage Loans Receivable Basis Spread on Variable Rate 12.00%  
Legacy Orchard [Member] | Corporate Loan [Member]
   
Summary of Trust's Loans Receivable    
Interest rate on mortgage loans 15.00%  
Loans receivable, net 9,750 9,750
Maturity date of loan Oct. 31, 2014  
San Marbeya [Member] | Whole Loan [Member]
   
Summary of Trust's Loans Receivable    
Interest rate on mortgage loans 5.88%  
Loans receivable, net 26,816 26,501
Maturity date of loan Jan. 01, 2015  
Rockwell [Member] | Mezzanine [Member]
   
Summary of Trust's Loans Receivable    
Interest rate on mortgage loans 12.00%  
Loans receivable, net 294 275
Maturity date of loan May 01, 2016  
29 East Madison [Member] | Mezzanine [Member]
   
Summary of Trust's Loans Receivable    
Interest rate on mortgage loans 8.00%  
Loans receivable, net 365 4,028
Maturity date of loan May 31, 2016  
500-512 7th Avenue [Member] | B Note [Member]
   
Summary of Trust's Loans Receivable    
Interest rate on mortgage loans 7.19%  
Loans receivable, net 9,990 9,979
Maturity date of loan Jul. 11, 2016  
180 N. Michigan [Member] | Mezzanine [Member]
   
Summary of Trust's Loans Receivable    
Loans receivable, net    2,930
Wellington Tower [Member] | Mezzanine [Member]
   
Summary of Trust's Loans Receivable    
Interest rate on mortgage loans 6.79%  
Loans receivable, net 2,622 2,563
Maturity date of loan Jul. 11, 2017  
Broward Financial Center [Member] | Whole Loan [Member]
   
Summary of Trust's Loans Receivable    
Interest rate on mortgage loans 9.84%  
Loans receivable, net 30,139  
Maturity date of loan Oct. 15, 2012  
Fenway Shea (1) [Member] | Whole Loan [Member]
   
Summary of Trust's Loans Receivable    
Interest rate on mortgage loans 12.00%  
Loans receivable, net 2,250  
Maturity date of loan Apr. 05, 2014  
127 West 25th Street [Member] | Whole Loan [Member]
   
Summary of Trust's Loans Receivable    
Interest rate on mortgage loans 14.00%  
Loans receivable, net 9,105  
Maturity date of loan Apr. 30, 2015  
Marc Realty - 30 N Michigan (1) [Member] | Mezzanine [Member]
   
Summary of Trust's Loans Receivable    
Interest rate on mortgage loans 10.00%  
Loans receivable, net 6,607  
Maturity date of loan May 31, 2015  
Churchill (1) [Member] | Whole Loan [Member]
   
Summary of Trust's Loans Receivable    
Loans receivable, net $ 326  
Maturity date of loan Jun. 01, 2015  
Mortgage Loans Receivable Basis Spread on Variable Rate 3.75%