RECEIVABLE FROM AND PAYABLE TO RELATED PARTIES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Related party receivable, December 31, 2014			$ 40,460
Cash transfers			7,649
Advisory fee	$ (176)	$ (173)	(526)	$ (516)
Net income fee	(51)	(51)	(142)	(152)
Cost reimbursements			(171)
Expenses paid by Advisor			(1,359)
Financing (mortgage payments)			(979)
Interest income	1,137	$ 1,179	3,376	$ 3,547
Related party receivable, June 30, 2015	$ 46,135		46,135
Transcontinental Realty Investors, Inc [Member]
Related party receivable, December 31, 2014			40,460
Interest income			1,203
Purchase of obligations			$ 4,472
Pillar Income Asset Management, Inc [Member]
Related party receivable, December 31, 2014
Cash transfers			$ 7,649
Advisory fee			(526)
Net income fee			(142)
Cost reimbursements			(171)
Expenses paid by Advisor			(1,359)
Financing (mortgage payments)			(979)
Purchase of obligations			$ (4,472)