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INVESTMENT IN REAL ESTATE, NET (Details Textual)
1 Months Ended 3 Months Ended
Mar. 31, 2015
USD ($)
Nov. 30, 2014
USD ($)
ft²
Feb. 28, 2014
USD ($)
Sep. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Property, Plant and Equipment [Line Items]          
Real Estate Held-for-sale $ 16,300,000        
Gain (Loss) on Sale of Properties 9,358,000        
Proceeds from Sale of Real Estate 7,890,000        
Cost of Real Estate Sales 6,356,000        
Early Repayment of Senior Debt $ 1,634,000        
Commercial Real Estate [Member]          
Property, Plant and Equipment [Line Items]          
Real Estate Held-for-sale   $ 3,450,000      
Area of Real Estate Property | ft²   5,900      
Gain (Loss) on Sale of Properties   $ 1,742,000      
Proceeds from Sale of Real Estate   2,163,000      
Cost of Real Estate Sales   $ 1,100,000      
Apartment Building [Member]          
Property, Plant and Equipment [Line Items]          
Real Estate Held-for-sale     $ 15,800,000   $ 16,300,000
Number Of Apartment units Sold     249    
Proceeds from Sale of Buildings     $ 458,000    
Gain Loss On Sale Of Buildings     208,000    
Additional Consideration Received From Sale Of Buildings     $ 250,000    
Proceeds from Distributions Received from Real Estate Partnerships       $ 458,000