NOTES PAYABLE (Details) $ in Thousands	Mar. 31, 2017 USD ($)
Notes Payable	$ 824,827
Accrued Interest	2,648
Total Debt	827,475
Unamortized deferred borrowing costs	(18,046)
Apartments [Member]
Notes Payable	541,710
Accrued Interest	1,417
Total Debt	543,127
Apartments Under Construction [Member]
Notes Payable	20,721
Total Debt	20,721
Commercial [Member]
Notes Payable	108,051
Accrued Interest	532
Total Debt	108,583
Land [Member]
Notes Payable	25,134
Accrued Interest	229
Total Debt	25,363
Real Estate Subject To Sales Contract [Member]
Notes Payable	3,707
Accrued Interest	470
Total Debt	4,177
Mezzanine Financing [Member]
Notes Payable	119,422
Total Debt	119,422
Other [Member]
Notes Payable	24,128
Total Debt	24,128
Total Notes Payable [Member]
Notes Payable	842,873
Accrued Interest	2,648
Total Debt	845,521
Unamortized deferred borrowing costs	$ (18,046)