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QUARTERLY RESULTS OF OPERATIONS (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
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, 2016
Dec. 31, 2015
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]                              
Rents and interest and other income $ 29,271 $ 29,776 $ 30,521 $ 28,903 $ 28,621 $ 27,539 $ 23,756 $ 22,304 $ 20,578 $ 18,466 $ 18,511 $ 18,303 $ 118,471 $ 102,220 $ 75,858
Total operating expenses 25,821 25,429 24,751 24,823 29,732 24,613 19,310 19,264 22,059 17,264 18,388 17,376 100,824 92,919 75,087
Operating income (loss) 3,450 4,347 5,770 4,080 (1,111) 2,926 4,446 3,040 (1,481) 1,202 123 927 17,647 9,301 771
Other expenses (10,364) (9,309) (7,901) (9,054) (13,243) (11,211) (5,243) (6,398) (5,242) (5,754) (3,718) (2,899) (36,628) (36,095) (17,613)
Loss before gain on land sales, non-contolling interest, and taxes (6,914) (4,962) (2,131) (4,974) (14,354) (8,285) (797) (3,358) (6,723) (4,552) (3,595) (1,972) (18,981) (26,794) (16,842)
Gain (loss) on sale of income-producing properties 11,283   5,168 (244)                 16,207 735 61,879
Gain (loss) on land sales (805) 555 1,719 1,652 13,788 997 1,250 2,876 (73) 40 (159) 753 16,207    
Income tax benefit (expense)   (25)   1 (881) 274 (12) 102 15,360 786 2,195 2,049 24 517 (20,390)
Net income (loss) from continuing operations 3,564 (4,432) 4,756 (3,565) (1,447) (7,014) 441 (380) 8,564 (3,726) (1,559) 830 323 (8,400) 4,109
Net income from discontinued operations (3)     2 220 508 (22) 190 28,526 1,461 4,076 3,805 (1) 896 37,868
Net income (loss) 3,561 (4,432) 4,756 (3,563) (1,227) (6,506) 419 (190) 37,090 (2,265) 2,517 4,635 322 (7,504) 41,977
Net (loss) attributable to non-controlling interest (97) (114) (97) 23 (51) (95) (281) 295 (107) (81) (127) (84)      
Preferred dividend requirement (227) (227) (224) (222) (227) (227) (224) (222) (227) (227) (277) (274)      
Net income (loss) applicable to common shares $ 3,237 $ (4,773) $ 4,435 $ (3,762) $ (1,505) $ (6,828) $ (86) $ (117) $ 36,756 $ (2,573) $ 2,113 $ 4,277 $ (863) $ (8,536) $ 40,573
Earnings per share - basic                              
Income (loss) from continuing operations $ 0.37 $ (0.55) $ 0.51 $ (0.43) $ (0.19) $ (0.84) $ (0.01) $ (0.04) $ 0.94 $ (0.46) $ (0.23) $ 0.06 $ (.10) $ (1.08) $ 0.32
Income from discontinued operations         0.02 0.06   0.02 3.27 0.17 0.48 0.45   0.10 4.42
Net income (loss) applicable to common shares $ 0.37 $ (0.55) $ 0.51 $ (0.43) $ (0.17) $ (0.78) $ (0.01) $ (0.02) $ 4.21 $ (0.29) $ 0.25 $ 0.51 $ (.10) $ (0.98) $ 4.74
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 8,717,767 8,717,767 8,717,767 8,717,767 8,688,018 8,413,469 8,413,469 8,717,767 8,717,767 8,559,370
Earnings per share - diluted                              
Income (loss) from continuing operations $ 0.37 $ (0.55) $ 0.51 $ (0.43) $ (0.19) $ (0.84) $ (0.01) $ (0.04) $ 0.94 $ (0.46) $ (0.23) $ 0.05 $ (.10) $ (1.08) $ 0.32
Income from discontinued operations         0.02 0.06   0.02 3.27 0.17 0.48 0.44   0.10 4.42
Net income (loss) applicable to common shares $ 0.37 $ (0.55) $ 0.51 $ (0.43) $ (0.17) $ (0.78) $ (0.01) $ (0.02) $ 4.21 $ (0.29) $ 0.25 $ 0.49 $ (.10) $ (0.98) $ 4.74
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 8,717,767 8,717,767 8,717,767 8,717,767 8,688,018 8,413,469 8,639,679 8,717,767 8,717,767 8,559,370