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NOTES PAYABLE (Details Narrative)
$ in Thousands
May. 28, 2015
USD ($)
Apr. 29, 2015
USD ($)
Number
Apr. 23, 2015
USD ($)
Number
Jan. 28, 2015
Number
Jun. 30, 2015
USD ($)
Notes oustanding balance         $ 746,384
Mortgage Notes Payable [Member] | TEXAS [Member]          
Number of units | Number       200  
Interest rate       3.24%  
Description of frequency payment       Monthly  
Maturity date       Aug. 01, 2050  
Mortgage Notes Payable [Member] | MISSISSIPPI [Member]          
Number of units | Number       240  
Interest rate       3.24%  
Description of frequency payment       Monthly  
Maturity date       Dec. 01, 2051  
New Mortgage Notes Payable [Member] | ARKANSAS [Member]          
Number of units | Number     250    
Interest rate     2.74%    
Description of frequency payment     Monthly    
Maturity date     May 01, 2050    
Notes Payable     $ 21,000    
Repayment of notes payable     15,700    
Repayment of notes payable closing cost     $ 600    
New Mortgage Notes Payable [Member] | TEXAS [Member]          
Number of units | Number   240      
Interest rate   3.28%      
Description of frequency payment   Monthly      
Maturity date   Mar. 31, 2051      
Notes Payable   $ 15,400      
Repayment of notes payable closing cost   $ 700      
Secured Notes Payable [Member] | Independent Third Party [Member]          
Description of frequency payment Monthly        
Notes Payable $ 120,000        
Notes oustanding balance $ 84,400        
Notes payable term 5 years        
Description of interest rate

Interest rate of 30 day Libor plus 10.75%

       
Description of collteral

The loan is secured by various equity interests in certain residential apartments.

       
New Secured Notes Payable [Member] | Independent Third Party [Member]          
Interest rate 12.00%        
Description of frequency payment Quarterly        
Notes oustanding balance $ 40,000       39,500
Notes payable term 5 years        
Description of collteral

The loan is secured by various equity interests in residential apartments and can be prepaid at a penalty rate of 4% for year 1 with the penalty declining by 1% each year thereafter.

       
Notes payable principal payment $ 500        
Construction Loans [Member]          
Notes oustanding balance         $ 1,700