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ACQUISITIONS AND DISPOSITIONS - Disposals (Details)
3 Months Ended 6 Months Ended
Jun. 23, 2017
USD ($)
apartment
Jun. 20, 2017
USD ($)
ft²
Jun. 08, 2017
USD ($)
ft²
May 30, 2017
USD ($)
apartment
Mar. 28, 2017
USD ($)
ft²
Feb. 02, 2016
USD ($)
room
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
Dec. 31, 2017
USD ($)
Jun. 30, 2017
USD ($)
agreement
business
Jun. 30, 2016
USD ($)
business
Dec. 31, 2016
USD ($)
Disposals                        
Number of business acquisitions | business                   0 0  
Disposed Property Information                        
Sales price                   $ 642,886,000 $ 42,782,000  
Gain on sale of real estate             $ 116,283,000 $ 0   304,017,000 24,739,000  
Assets                        
Total assets             125,138,000     125,138,000   $ 0
Liabilities                        
Total liabilities             52,886,000     52,886,000   $ 0
Additional Information                        
Impairment of real estate             13,100,000 $ 0   13,100,000 $ 0  
Disposal Group, Disposed of by Sale, Not Discontinued Operations                        
Assets                        
Investments in real estate, net             319,078,000     319,078,000    
Deferred rent receivable and charges, net             22,089,000     22,089,000    
Other intangible assets, net             129,000     129,000    
Other assets             38,000     38,000    
Total assets             341,334,000     341,334,000    
Liabilities                        
Debt, net             64,777,000     64,777,000    
Intangible liabilities, net             1,800,000     1,800,000    
Total liabilities             66,577,000     66,577,000    
Disposal Group, Held-for-sale, Not Discontinued Operations                        
Assets                        
Investments in real estate, net             118,221,000     118,221,000    
Cash and cash equivalents             2,904,000     2,904,000    
Restricted cash             51,000     51,000    
Accounts receivable, net             251,000     251,000    
Deferred rent receivable and charges, net             1,865,000     1,865,000    
Other intangible assets, net             1,124,000     1,124,000    
Other assets             722,000     722,000    
Total assets             125,138,000     125,138,000    
Liabilities                        
Debt, net             50,230,000     50,230,000    
Accounts payable and accrued expenses             1,402,000     1,402,000    
Due to related parties             195,000     195,000    
Other liabilities             1,059,000     1,059,000    
Total liabilities             52,886,000     52,886,000    
Additional Information                        
Investments in real estate, gross             136,153,000     136,153,000    
Investments in real estate, accumulated depreciation             17,932,000     17,932,000    
Deferred loan costs             524,000     524,000    
Deferred loan costs, accumulated amortization             186,000     186,000    
211 Main Street, San Francisco | Disposal Group, Disposed of by Sale, Not Discontinued Operations                        
Disposals                        
Ownership sold, percentage         100.00%              
Sale transaction costs         $ 2,943,000              
Mortgage prepayment penalty         $ 1,508,000              
Disposed Property Information                        
Square feet | ft²         417,266              
Sales price         $ 292,882,000              
Gain on sale of real estate         187,734,000              
Additional Information                        
Premium on assumed mortgage             665,000     $ 665,000    
Payment of mortgages payable         $ 25,331,000              
3636 McKinney Avenue and 3839 McKinney Avenue, Dallas, Texas | Disposal Group, Disposed of by Sale, Not Discontinued Operations                        
Disposals                        
Ownership sold, percentage       100.00%                
Sale transaction costs       $ 2,258,000                
Mortgage prepayment penalty       1,901,000                
Additional Information                        
Payment of mortgages payable       $ 15,448,000                
3636 McKinney Avenue, Dallas, Texas | Disposal Group, Disposed of by Sale, Not Discontinued Operations                        
Disposed Property Information                        
Number of units | apartment       103                
Sales price       $ 20,000,000                
Gain on sale of real estate       $ 5,488,000                
3839 McKinney Avenue, Dallas, Texas | Disposal Group, Disposed of by Sale, Not Discontinued Operations                        
Disposed Property Information                        
Number of units | apartment       75                
Sales price       $ 14,100,000                
Gain on sale of real estate       $ 4,224,000                
200 S College Street, Charlotte, North Carolina | Disposal Group, Disposed of by Sale, Not Discontinued Operations                        
Disposals                        
Ownership sold, percentage     100.00%                  
Sale transaction costs     $ 833,000                  
Disposed Property Information                        
Square feet | ft²     567,865                  
Sales price     $ 148,500,000                  
Gain on sale of real estate     $ 45,906,000                  
980 9th Street and 1010 8th Street, Sacramento, California | Disposal Group, Disposed of by Sale, Not Discontinued Operations                        
Disposals                        
Ownership sold, percentage   100.00%                    
Sale transaction costs   $ 952,000                    
Disposed Property Information                        
Square feet | ft²   485,926                    
Sales price   $ 120,500,000                    
Gain on sale of real estate   $ 34,829,000                    
4649 Cole Avenue, Dallas, Texas | Disposal Group, Disposed of by Sale, Not Discontinued Operations                        
Disposals                        
Ownership sold, percentage 100.00%                      
Sale transaction costs $ 3,311,000                      
Mortgage prepayment penalty $ 2,812,000                      
Disposed Property Information                        
Number of units | apartment 334                      
Sales price $ 64,000,000                      
Gain on sale of real estate 25,836,000                      
Additional Information                        
Payment of mortgages payable $ 23,333,000                      
Courtyard Oakland located in Oakland California | Disposal Group, Disposed of by Sale, Not Discontinued Operations                        
Disposals                        
Ownership sold, percentage           100.00%            
Disposed Property Information                        
Number of rooms | room           162            
Sales price           $ 43,800,000            
Gain on sale of real estate           $ 24,739,000            
7083 Hollywood Boulevard, 4200 Scotland Street, 47 E 34th Street                        
Additional Information                        
Number of purchase and sales agreements entered into | agreement                   3    
47 E 34th Street | Disposal Group, Held-for-sale, Not Discontinued Operations                        
Additional Information                        
Other intangible assets, gross             4,273,000     $ 4,273,000    
Other intangible assets, accumulated amortization             3,149,000     3,149,000    
7083 Hollywood Boulevard | Disposal Group, Held-for-sale, Not Discontinued Operations                        
Additional Information                        
Debt, gross             21,700,000     21,700,000    
4200 Scotland Street | Disposal Group, Held-for-sale, Not Discontinued Operations                        
Additional Information                        
Debt, gross             28,868,000     $ 28,868,000    
370 L'Enfant Promenade, Washington D.C.                        
Additional Information                        
Impairment of real estate             $ 13,100,000          
Scenario, Forecast                        
Additional Information                        
Payment of mortgages payable                 $ 50,568,000      
Scenario, Forecast | 7083 Hollywood Boulevard, 4200 Scotland Street, 47 E 34th Street                        
Disposed Property Information                        
Sales price                 $ 186,325,000