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RELATED-PARTY TRANSACTIONS (Tables)
 3 Months Ended
Mar. 31, 2017
Related Party Transactions [Abstract]  
Asset Management Fees Calculation
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%