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SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)
3 Months Ended 0 Months Ended 3 Months Ended 3 Months Ended
Mar. 31, 2013
item
Mar. 31, 2012
Jan. 03, 2012
Class A units
Aug. 20, 2007
Class A units
Mar. 31, 2013
Minimum
Mar. 31, 2013
Minimum
Cash and cash equivalents
Mar. 31, 2013
Maximum
Mar. 31, 2013
Maximum
Cash and cash equivalents
Mar. 31, 2013
Investment Properties/Joint Venture
item
Mar. 31, 2013
Investment Properties/Joint Venture
Minimum
Mar. 31, 2013
Investment Properties/Joint Venture
Maximum
Principles of Consolidation                      
Ownership interest in each subsidiary (as a percent)         99.67%   100.00%        
Number of limited liability companies                 9    
Percentage of ownership in Joint Ventures                   40.00% 50.00%
Revenue Recognition                      
Period for which arrears are charged against income 60 days                    
Income Taxes                      
Provision for income taxes $ 0                    
Segment Reporting                      
Number of segments 1                    
Income Per Depositary Receipt                      
Forward split of depositary receipts     3                
Exchange ratio of depositary receipts for partnership units before adjustment     10                
Exchange ratio of depositary receipts for partnership units after adjustment     30                
Number of units in each depository receipt     0.03333 0.1              
Income Per Unit                      
Dilutive units 0                    
Concentration of Credit Risks and Financial Instruments                      
Interest rate on interest bearing accounts (as a percent)           0.01%   0.45%      
Federally uninsured amounts of cash and cash equivalents, and security deposits included in prepaid expenses and other assets 4,393,000 5,604,000                  
Advertising Expense                      
Advertising expense 11,535 22,737                  
Interest Capitalized                      
Criteria of capitalization of interest on property based on specified period of construction         1 year            
Capitalized interest $ 0 $ 0