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DEBT OBLIGATIONS (Details) (USD $)
12 Months Ended
Dec. 31, 2014
item
Dec. 31, 2013
DEBT OBLIGATIONS    
Aggregate carrying value of real estate investments $ 581,425,000us-gaap_RealEstateInvestmentPropertyAtCost 567,358,000us-gaap_RealEstateInvestmentPropertyAtCost
Accumulated depreciation 76,575,000us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation 71,171,000us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
Repayment of the outstanding debt    
2015 21,968,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths  
2016 32,986,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo  
2017 29,868,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree  
2018 19,760,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour  
2019 15,623,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive  
Thereafter 171,844,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive  
Total 292,049,000us-gaap_SecuredDebt 278,045,000us-gaap_SecuredDebt
Mortgages payable    
DEBT OBLIGATIONS    
Number of debt instruments outstanding 59olp_DebtInstrumentOutstandingNumber
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
Aggregate carrying value of real estate investments 472,312,000us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
Accumulated depreciation $ 61,592,000us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
Weighted average interest rate (as a percent) 5.02%us-gaap_LongtermDebtWeightedAverageInterestRate
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
5.22%us-gaap_LongtermDebtWeightedAverageInterestRate
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
Mortgages payable | Minimum | Interest rate swap    
DEBT OBLIGATIONS    
Fixed interest rate (as a percent) 3.13%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
 
Mortgages payable | Maximum | Interest rate swap    
DEBT OBLIGATIONS    
Fixed interest rate (as a percent) 7.81%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember