QUARTERLY RESULTS OF OPERATIONS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Rents and interest and other income	$ 28,621	$ 27,539	$ 23,756	$ 22,304	$ 20,578	$ 18,466	$ 18,511	$ 18,303	$ 22,095	$ 18,663	$ 18,351	$ 18,242	$ 102,220	$ 75,858	$ 77,351
Total operating expenses	29,732	24,613	19,310	19,264	22,059	17,264	18,388	17,376	32,498	17,472	16,336	16,416	92,919	75,087	82,722
Operating income (loss)	(1,111)	2,926	4,446	3,040	(1,481)	1,202	123	927	(10,403)	1,191	2,015	1,826	9,301	771	(5,371)
Other expense	(13,243)	(11,211)	(5,243)	(6,398)	(5,242)	(5,754)	(3,718)	(2,899)	(11,475)	(8,193)	(5,179)	(11,779)	(36,095)	(17,613)	(36,626)
Loss before gain on land sales, non-contolling interest, and taxes	(14,354)	(8,285)	(797)	(3,358)	(6,723)	(4,552)	(3,595)	(1,972)	(21,878)	(7,002)	(3,164)	(9,953)	(26,794)	(16,842)	(41,997)
Gain (loss) on land sales	13,788	997	1,250	2,876	(73)	40	(159)	753	(1,025)			(48)	18,911	561	(1,073)
Income tax benefit	(881)	274	(12)	102	15,360	786	2,195	2,049	32,740	401	5,357	2,451	517	(20,390)	(40,949)
Net income (loss) from continued operations	(1,447)	(7,014)	441	(380)	8,564	(3,726)	(1,559)	830	9,837	(6,601)	2,193	(7,550)	(8,400)	4,109	(2,121)
Net income from discontinued operations	220	508	(22)	190	28,526	1,461	4,076	3,805	46,382	747	9,949	4,552	896	37,868	61,630
Net income (loss)	(1,227)	(6,506)	419	(190)	37,090	(2,265)	2,517	4,635	56,219	(5,854)	12,142	(2,998)	(7,504)	41,977	59,509
Net (loss) attributable to non-controlling interest	(51)	(95)	(281)	295	(107)	(81)	(127)	(84)	(656)	(97)	(115)	(111)
Preferred dividend requirement	(227)	(227)	(224)	(222)	(227)	(227)	(277)	(274)	(280)	(279)	(277)	(274)
Net income (loss) applicable to common shares	$ (1,505)	$ (6,828)	$ (86)	$ (117)	$ 36,756	$ (2,573)	$ 2,113	$ 4,277	$ 55,283	$ (6,230)	$ 11,750	$ (3,383)	$ (8,536)	$ 40,573	$ 57,420
Earnings per share - basic
Income (loss) from continuing operations	$ (0.19)	$ (0.84)	$ (0.01)	$ (0.04)	$ 0.94	$ (0.46)	$ (0.23)	$ 0.06	$ 1.06	$ (0.83)	$ 0.21	$ (0.94)	$ (1.08)	$ 0.32	$ (0.50)
Income from discontinued operations	0.02	0.06		0.02	3.27	0.17	0.48	0.45	5.51	0.09	1.18	0.54	0.1	4.42	7.33
Net income (loss) applicable to common shares	$ (0.17)	$ (0.78)	$ (0.01)	$ (0.02)	$ 4.21	$ (0.29)	$ 0.25	$ 0.51	$ 6.57	$ (0.74)	$ 1.39	$ (0.40)	$ (0.98)	$ 4.74	$ 6.83
Weighted average common shares used in computing earnings per share	8,717,767	8,717,767	8,717,767	8,717,767	8,717,767	8,688,018	8,413,469	8,413,469	8,413,469	8,413,469	8,413,469	8,413,469	8,717,767	8,559,370	8,413,469
Earnings per share - diluted
Income (loss) from continuing operations	$ (0.19)	$ (0.84)	$ (0.01)	$ (0.04)	$ 0.94	$ (0.46)	$ (0.23)	$ 0.05	$ 1.01	$ (0.83)	$ 0.2	$ (0.94)	$ (1.08)	$ 0.32	$ (0.50)
Income from discontinued operations	0.02	0.06		0.02	3.27	0.17	0.48	0.44	5.28	0.09	1.13	0.54	0.1	4.42	7.33
Net income (loss) applicable to common shares	$ (0.17)	$ (0.78)	$ (0.01)	$ (0.02)	$ 4.21	$ (0.29)	$ 0.25	$ 0.49	$ 6.29	$ (0.74)	$ 1.33	$ (0.40)	$ (0.98)	$ 4.74	$ 6.83
Weighted average common shares used in computing diluted earnings per share	8,717,767	8,717,767	8,717,767	8,717,767	8,717,767	8,688,018	8,413,469	8,639,679	8,791,655	8,413,469	8,796,699	8,413,469	8,717,767	8,559,370	8,413,469