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RENTAL INCOME (Details) (USD $) | 6 Months Ended |
--- | --- | ---
Jun. 30, 2013 sqft item | Jun. 30, 2012 | Dec. 31, 2012
RENTAL INCOME |  |  |
Percentage of rental income related to residential apartments and condominium units with leases of one year or less | 91.00% |  |
Maximum period of non-cancellable operating lease | 1 year |  |
Percentage of rental income related to commercial properties | 9.00% |  |
Minimum future rental income |  |  |
2014 | $ 2,441,000 |  |
2015 | 1,915,000 |  |
2016 | 1,698,000 |  |
2017 | 938,000 |  |
2018 | 589,000 |  |
Thereafter | 583,000 |  |
Commercial Property Leases | 8,164,000 |  |
Aggregate contingent rentals from continuing operations | 345,000 | 310,000 |
RENTAL INCOME |  |  |
Annual base rent for expiring leases | 2,473,504 |  |
Total square feet for expiring leases | 94,082 |  |
Total number of leases expiring | 40 |  |
Percentage of Annual base rent for expiring leases | 100.00% |  |
Allowance for doubtful rent receivable | 515,000 |  | 381,000
Recognizing rental income from non-cancelable commercial leases with future rental increases on a straight-line basis | 250,000 |  |
Deferred rental concession | 21,000 |  |
Amortization of deferred rents | 1,100 |  |
Through June 30, 2014 |  |  |
RENTAL INCOME |  |  |
Annual base rent for expiring leases | 150,282 |  |
Total square feet for expiring leases | 6,462 |  |
Total number of leases expiring | 7 |  |
Percentage of Annual base rent for expiring leases | 6.00% |  |
Through June 30, 2015 |  |  |
RENTAL INCOME |  |  |
Annual base rent for expiring leases | 569,499 |  |
Total square feet for expiring leases | 28,181 |  |
Total number of leases expiring | 10 |  |
Percentage of Annual base rent for expiring leases | 23.00% |  |
Through June 30, 2016 |  |  |
RENTAL INCOME |  |  |
Annual base rent for expiring leases | 680,253 |  |
Total square feet for expiring leases | 25,894 |  |
Total number of leases expiring | 7 |  |
Percentage of Annual base rent for expiring leases | 28.00% |  |
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 | 19.00% |  |
Through June 30, 2018 |  |  |
RENTAL INCOME |  |  |
Annual base rent for expiring leases | 266,841 |  |
Total square feet for expiring leases | 8,567 |  |
Total number of leases expiring | 7 |  |
Percentage of Annual base rent for expiring leases | 11.00% |  |
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 | 11.00% |  |
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% |  |
Through June 30, 2023 |  |  |
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% |  |

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- Definition Future minimum rental payments in aggregate as of the balance sheet date under operating leases. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6454179&loc=d3e41551-112718 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 13 -Paragraph 23 -Subparagraph b(ii) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Future rental payments receivable within one year of the balance sheet date under an operating lease. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6454179&loc=d3e41551-112718 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 13 -Paragraph 23 -Subparagraph b(ii) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Future minimum lease payments receivable under operating leases for periods greater than five years following the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6454179&loc=d3e41551-112718 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 13 -Paragraph 23 -Subparagraph b(ii) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Amount of contingent rental revenue recognized for the period under lease, based on the occurrences of an event or condition. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6454179&loc=d3e41551-112718 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 13 -Paragraph 23 -Subparagraph b(iii) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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