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RENTAL INCOME (Details) (USD $)
6 Months Ended
Jun. 30, 2012
squarefoot
item
Jun. 30, 2011
Dec. 31, 2011
RENTAL INCOME      
Percentage of rental income related to residential apartments and condominium units with leases of one year or less 90.00%    
Maximum period of non-cancellable operating lease 1 year    
Percentage of rental income related to commercial properties 10.00%    
Minimum future rental income      
2013 $ 2,549,000    
2014 2,187,000    
2015 1,636,000    
2016 1,434,000    
2017 590,000    
Thereafter 909,000    
Commercial Property Leases 9,305,000    
Aggregate contingent rentals from continuing operations 310,000 363,000  
RENTAL INCOME      
Annual base rent for expiring leases 2,836,792    
Total square feet for expiring leases 110,805    
Total number of leases expiring 44    
Percentage of annual base rent for expiring leases 100.00%    
Allowance for doubtful rent receivable 501,000   448,000
Recognizing rental income from non-cancelable commercial leases with future rental increases on a straight-line basis 299,000    
Deferred rental concession 17,000    
Amortization of deferred rents 3,000    
Through June 30, 2013
     
RENTAL INCOME      
Annual base rent for expiring leases 277,224    
Total square feet for expiring leases 15,712    
Total number of leases expiring 9    
Percentage of annual base rent for expiring leases 10.00%    
Through June 30, 2014
     
RENTAL INCOME      
Annual base rent for expiring leases 224,723    
Total square feet for expiring leases 9,140    
Total number of leases expiring 9    
Percentage of annual base rent for expiring leases 8.00%    
Through June 30, 2015
     
RENTAL INCOME      
Annual base rent for expiring leases 557,565    
Total square feet for expiring leases 27,640    
Total number of leases expiring 9    
Percentage of annual base rent for expiring leases 20.00%    
Through June 30, 2016
     
RENTAL INCOME      
Annual base rent for expiring leases 748,985    
Total square feet for expiring leases 26,298    
Total number of leases expiring 7    
Percentage of annual base rent for expiring leases 26.00%    
Through June 30, 2017
     
RENTAL INCOME      
Annual base rent for expiring leases 476,797    
Total square feet for expiring leases 16,272    
Total number of leases expiring 5    
Percentage of annual base rent for expiring leases 17.00%    
Through June 30, 2018
     
RENTAL INCOME      
Annual base rent for expiring leases 221,666    
Total square feet for expiring leases 7,037    
Total number of leases expiring 1    
Percentage of annual base rent for expiring leases 8.00%    
Through June 30, 2019
     
RENTAL INCOME      
Annual base rent for expiring leases 0    
Total square feet for expiring leases 0    
Total number of leases expiring 0    
Percentage of annual base rent for expiring leases 0.00%    
Through June 30, 2020
     
RENTAL INCOME      
Annual base rent for expiring leases 265,032    
Total square feet for expiring leases 6,906    
Total number of leases expiring 3    
Percentage of annual base rent for expiring leases 9.00%    
Through June 30, 2021
     
RENTAL INCOME      
Annual base rent for expiring leases 64,800    
Total square feet for expiring leases 1,800    
Total number of leases expiring 1    
Percentage of annual base rent for expiring leases 2.00%    
Through June 30, 2022
     
RENTAL INCOME      
Annual base rent for expiring leases $ 0    
Total square feet for expiring leases 0    
Total number of leases expiring 0    
Percentage of annual base rent for expiring leases 0.00%