NOTES AND INTEREST PAYABLE (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Notes Payable	$ 838,901
Accrued Interest	2,615
Total Debt	841,516
Unamortized deferred borrowing costs	(19,210)
Apartments [Member]
Notes Payable	553,509
Accrued Interest	1,500
Total Debt	555,009
Apartments Under Construction [Member]
Notes Payable	16,576
Total Debt	16,576
Commercial [Member]
Notes Payable	108,725
Accrued Interest	528
Total Debt	109,253
Land [Member]
Notes Payable	30,811
Accrued Interest	117
Total Debt	30,928
Real Estate Subject To Sales Contract [Member]
Notes Payable	5,142
Accrued Interest	470
Total Debt	5,612
Mezzanine Financing [Member]
Notes Payable	119,923
Total Debt	119,923
Other [Member]
Notes Payable	23,425
Total Debt	23,425
Total Notes Payable [Member]
Notes Payable	858,111
Accrued Interest	2,615
Total Debt	860,726
Unamortized deferred borrowing costs	$ (19,210)