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MORTGAGE AND OTHER NOTES PAYABLE (Details) (USD $)
3 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended
Mar. 31, 2014
Dec. 31, 2013
Mar. 31, 2014
Unsecured Debt
Mar. 31, 2014
Fund IV
Subscription Line
Feb. 28, 2014
Fund IV
Subscription Line
Feb. 28, 2014
Libor Plus 2.25% Mortgage Note
Secured Debt
Jan. 31, 2014
Libor Plus 2.25% Mortgage Note
Secured Debt
Feb. 28, 2014
Libor Plus 2.25% Mortgage Note
LIBOR
Secured Debt
Jan. 31, 2014
Libor Plus 2.25% Mortgage Note
LIBOR
Secured Debt
Jan. 31, 2014
LIBOR Plus 1.65% Mortgage Note
Secured Debt
Jan. 31, 2014
LIBOR Plus 1.65% Mortgage Note
LIBOR
Secured Debt
Feb. 28, 2014
Libor Plus 1.55% Mortgage Note
Secured Debt
Feb. 28, 2014
Libor Plus 1.55% Mortgage Note
LIBOR
Secured Debt
Mar. 31, 2014
LIBOR Plus 1.88%, Mortgage Note
Mortgages
Mar. 31, 2014
LIBOR Plus 1.88%, Mortgage Note
LIBOR
Mortgages
Mar. 31, 2014
LIBOR Plus 1.70% Mortgage Note
Mortgages
Mar. 31, 2014
LIBOR Plus 1.70% Mortgage Note
LIBOR
Mortgages
Mar. 31, 2014
Construction Loan Under the United States Imigration Investment Program
Construction Loans
Mortgage Loans on Real Estate [Line Items]                                    
Proceeds from lines of credit     $ 15,000,000                              
Description of variable rate basis               LIBOR LIBOR   LIBOR   LIBOR   LIBOR   LIBOR  
Basis spread on variable rate               2.25% 1.88%   1.65%   155.00%   1.88%   1.70%  
New mortgage loans         21,600,000   1,500,000     45,000,000   24,500,000   9,000,000   12,600,000    
Expensed unamortized loan costs           200,000                        
Long-term debt refinanced           20,900,000                        
Repayments of Long-term Debt       16,700,000                            
Mortgage and other notes payable 1,108,304,000 1,039,617,000   73,700,000                            
Construction loan, amount released into restricted cash                                   198,500,000
Construction loan, amount withdrawn from restricted cash                                   103,800,000
Construction loan, amount released into restricted Cash, amount available                                   $ 94,700,000