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RELATED-PARTY TRANSACTIONS (Tables)
 9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
Schedule of calculation of asset management fees payable to related party as a percentage of the daily average adjusted fair value of investments
CIM Urban pays asset management fees to the Advisor on a quarterly basis in arrears. The fee is calculated as a percentage of the daily average adjusted fair value of CIM Urban's investments, as defined, as follows:
Daily Average Adjusted Fair
Value of CIM Urban's Investments
 
 
Quarterly Fee
Percentage
From Greater of
 
To and Including
 
(in thousands)
 
 
$
—

 
$
500,000

 
0.2500
%
500,000

 
1,000,000

 
0.2375
%
1,000,000

 
1,500,000

 
0.2250
%
1,500,000

 
4,000,000

 
0.2125
%
4,000,000

 
20,000,000

 
0.1000
%