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QUARTERLY RESULTS OF OPERATIONS (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
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, 2017
Dec. 31, 2016
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]                              
Rents and interest and other income $ 30,905 $ 31,491 $ 31,302 $ 31,535 $ 29,271 $ 29,776 $ 30,521 $ 28,903 $ 28,621 $ 27,539 $ 23,756 $ 22,304 $ 125,233 $ 118,471 $ 102,220
Total operating expenses 27,606 25,725 25,460 26,337 25,821 25,429 24,751 24,823 29,732 24,613 19,310 19,264 105,128 100,824 92,919
Operating income (loss) 3,299 5,766 5,842 5,198 3,450 4,347 5,770 4,080 (1,111) 2,926 4,446 3,040 20,105 17,647 9,301
Other expenses (14,729) (8,967) (15,613) (10,658) (10,364) (9,309) (7,901) (9,054) (13,243) (11,211) (5,243) (6,398) (49,967) (36,628) (36,095)
Loss before gain on land sales, non-controlling interest, and taxes (11,430) (3,201) (9,771) (5,460) (6,914) (4,962) (2,131) (4,974) (14,354) (8,285) (797) (3,358) (29,862) (18,981) (26,794)
Gain on sale of income-producing properties 1       11,283   5,168 (244)         9,842 16,207
Gain on land sales 4,385 9,841 (476) 445 (805) 555 1,719 1,652 13,788 997 1,250 2,876 4,884 3,121 18,911
Income tax benefit (expense) (180)         (25)   1 (881) 274 (12) 102 180 24 517
Net income (loss) from continuing operations         3,564 (4,432) 4,756 (3,565) (1,447) (7,014) 441 (380) (15,316) 323 (8,400)
Net income from discontinued operations         (3)     2 220 508 (22) 190   (1) 896
Net income (loss) (7,224) 7,170 (10,247) (5,015) 3,561 (4,432) 4,756 (3,563) (1,227) (6,506) 419 (190) (15,316) 322 (7,504)
Net income (loss) attributable to non-controlling interest (121) (96) (163) (119) (97) (114) (97) 23 (51) (95) (281) 295      
Preferred dividend requirement (230) (224) (224) (222) (227) (227) (224) (222) (227) (227) (224) (222)      
Net income (loss) applicable to common shares $ (7,575) $ 6,850 $ (10,634) $ (5,356) $ 3,237 $ (4,773) $ 4,435 $ (3,762) $ (1,505) $ (6,828) $ (86) $ (117) $ (16,715) $ (863) $ (8,536)
Earnings per share - basic                              
Net income (loss) from continuing operations (in dollars per share) $ (.88) $ 0.79 $ (1.22) $ (0.61)         $ (0.19) $ (0.84) $ (0.01) $ (0.04) $ (1.92) $ (0.10) $ (1.08)
Net income (loss) from discontinued operations (in dollars per share)                 0.02 0.06   0.02   0.1
Net income (loss) applicable to common shares (in dollars per share) $ (.88) $ 0.79 $ (1.22) $ (0.61) $ 0.37 $ (0.55) $ 0.51 $ (0.43) $ (0.17) $ (0.78) $ (0.01) $ (0.02) $ (1.92) $ (0.10) $ (0.98)
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 8,717,767 8,717,767 8,717,767 8,717,767 8,717,767 8,717,767
Earnings per share - diluted                              
Net income (loss) from continuing operations (in dollars per share) $ (.88) $ 0.79 $ (1.22) $ (0.61)         $ (0.19) $ (0.84) $ (0.01) $ (0.04) $ (1.92) $ (0.10) $ (1.08)
Net income (loss) from discontinued operations (in dollars per share)                 0.02 0.06   0.02   0.1
Net income (loss) applicable to common shares (in dollars per share) $ (.88) $ 0.79 $ (1.22) $ (0.61) $ 0.37 $ (0.55) $ 0.51 $ (0.43) $ (0.17) $ (0.78) $ (0.01) $ (0.02) $ (1.92) $ (0.10) $ (0.98)
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 8,717,767 8,717,767 8,717,767 8,717,767 8,717,767 8,717,767