RECEIVABLE FROM AND PAYABLE TO RELATED PARTIES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Related party receivable, December 31, 2015			$ 34,313
Cash transfers			2,704
Advisory fee	$ (160)	$ (176)	(313)	$ (350)
Net income fee	(54)	$ (46)	(126)	$ (90)
Cost reimbursements			(90)
Expenses paid by Advisor			(3)
Interest income			735
Related party receivable, June 30, 2016	37,219		37,219
Transcontinental Realty Investors, Inc [Member]
Related party receivable, December 31, 2015			34,313
Interest income			735
Purchase of obligations			2,171
Related party receivable, June 30, 2016	$ 37,219		37,219
Pillar Income Asset Management, Inc [Member]
Cash transfers			2,704
Advisory fee			(313)
Net income fee			(127)
Cost reimbursements			(90)
Expenses paid by Advisor			(3)
Purchase of obligations			$ (2,171)