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OPERATING SEGMENTS (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Segment Reporting Information [Line Items]        
Rental and other property revenues $ 33,505 $ 31,491 $ 96,194 $ 94,328
Property operating expenses (15,867) (15,157) (45,814) (46,256)
Depreciation and amortization (6,891) (6,326) (19,859) (19,008)
Segment operating (loss) income 5,771 5,766 15,600 16,804
Real estate assets 1,053,452   1,053,452  
Commercial Properties [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 8,228 8,170 23,187 25,308
Property operating expenses (4,236) (4,252) (12,222) (13,629)
Depreciation and amortization (2,523) (2,298) (7,138) (6,903)
Mortgage and loan interest (1,921) (1,902) (5,662) (5,629)
Segment operating (loss) income (452) (282) (1,835) (853)
Capital expenditures 962 689 3,688 2,586
Real estate assets 134,148 145,321 134,148 145,321
Property Sales        
Sales price     2,313  
Cost of sale     (2,313)  
Apartments [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 25,275 23,231 73,001 68,922
Property operating expenses (11,345) (10,659) (33,127) (31,615)
Depreciation and amortization (4,364) (4,028) (12,709) (12,105)
Mortgage and loan interest (5,722) (5,168) (16,520) (16,955)
Recognition of deferred gain on sale of income - producing properties   9,841   9,841
Segment operating (loss) income 3,844 13,217 10,645 18,088
Capital expenditures   543 (2,398) 543
Real estate assets 825,863 665,972 825,863 665,972
Property Sales        
Sales price     8,512  
Cost of sale     (8,512)  
Recognized prior deferred gain   9,841   9,841
Gain (loss) on sale   9,841   9,841
Land [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues   86   87
Property operating expenses (78) (115) (162) (429)
Mortgage and loan interest (212) (387) (175) (1,248)
Gain on land sales 12,243 530 13,578 500
Segment operating (loss) income 11,953 114 13,241 (1,090)
Capital expenditures (74) 55 (692) 641
Real estate assets 92,798 117,642 92,798 117,642
Property Sales        
Sales price 35,518 850 38,503 2,446
Cost of sale (23,275) (320) (24,925) (1,946)
Gain (loss) on sale 12,243 530 13,578 500
Other [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 2 4 6 11
Property operating expenses (206) (131) (301) (583)
Depreciation and amortization (4)   (12)  
Mortgage and loan interest (7,699) (6,788) (21,365) (21,386)
Interest income 4,021 3,175 11,441 10,305
Segment operating (loss) income (3,886) (3,740) (10,250) (11,653)
Real estate assets 643   643  
Total Segments [Member]        
Segment Reporting Information [Line Items]        
Rental and other property revenues 33,505 31,491 96,194 94,328
Property operating expenses (15,867) (15,157) (45,814) (46,256)
Depreciation and amortization (6,891) (6,326) (19,859) (19,008)
Mortgage and loan interest (15,555) (14,245) (43,823) (45,218)
Interest income 4,021 3,175 11,441 10,305
Recognition of deferred gain on sale of income - producing properties   9,841   9,841
Gain on land sales 12,243 530 13,578 500
Segment operating (loss) income 11,456 9,309 11,717 4,492
Capital expenditures 888 1,287 598 3,770
Real estate assets 1,053,452 928,935 1,053,452 928,935
Property Sales        
Sales price 35,518 850 38,503 2,446
Cost of sale (23,275) (320) (24,925) (1,946)
Recognized prior deferred gain   9,841   9,841
Gain (loss) on sale $ 12,243 $ 10,371 $ 13,578 $ 10,341