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RENTAL INCOME (Details) (USD $) | 6 Months Ended |
--- | --- | ---
Jun. 30, 2014 sqft item | Jun. 30, 2013 | Dec. 31, 2013
RENTAL INCOME |  |  |
Percentage of rental income related to residential apartments and condominium units with leases of one year or less | 92.00% |  |
Maximum period of non-cancelable operating lease | 1 year |  |
Percentage of rental income related to commercial properties | 8.00% |  |
Minimum future rental income |  |  |
2015 | $ 2,615,000 |  |
2016 | 2,398,000 |  |
2017 | 1,602,000 |  |
2018 | 1,231,000 |  |
2019 | 863,000 |  |
Thereafter | 973,000 |  |
Commercial Property Leases | 9,682,000 |  |
Aggregate contingent rentals from continuing operations | 315,000 | 345,000 |
RENTAL INCOME |  |  |
Annual base rent for expiring leases | 2,982,205 |  |
Total square feet for expiring leases | 108,043 |  |
Total number of leases expiring | 44 |  |
Percentage of annual base rent for expiring leases | 100.00% |  |
Allowance for doubtful rent receivable | 459,000 |  | 344,000
Recognizing rental income from non-cancelable commercial leases with future rental increases on a straight-line basis | 194,000 |  |
Deferred rental concession | 49,000 |  |
Amortization of deferred rents | 1,100 |  |
Through March 31, 2015 |  |  |
RENTAL INCOME |  |  |
Annual base rent for expiring leases | 400,427 |  |
Total square feet for expiring leases | 20,511 |  |
Total number of leases expiring | 12 |  |
Percentage of annual base rent for expiring leases | 13.00% |  |
Through March 31, 2016 |  |  |
RENTAL INCOME |  |  |
Annual base rent for expiring leases | 718,834 |  |
Total square feet for expiring leases | 26,744 |  |
Total number of leases expiring | 8 |  |
Percentage of annual base rent for expiring leases | 24.00% |  |
Through March 31, 2017 |  |  |
RENTAL INCOME |  |  |
Annual base rent for expiring leases | 525,725 |  |
Total square feet for expiring leases | 18,157 |  |
Total number of leases expiring | 7 |  |
Percentage of annual base rent for expiring leases | 18.00% |  |
Through March 31, 2018 |  |  |
RENTAL INCOME |  |  |
Annual base rent for expiring leases | 352,082 |  |
Total square feet for expiring leases | 10,725 |  |
Total number of leases expiring | 7 |  |
Percentage of annual base rent for expiring leases | 12.00% |  |
Through March 31, 2019 |  |  |
RENTAL INCOME |  |  |
Annual base rent for expiring leases | 206,836 |  |
Total square feet for expiring leases | 6,403 |  |
Total number of leases expiring | 4 |  |
Percentage of annual base rent for expiring leases | 7.00% |  |
Through March 31, 2020 |  |  |
RENTAL INCOME |  |  |
Annual base rent for expiring leases | 556,058 |  |
Total square feet for expiring leases | 18,932 |  |
Total number of leases expiring | 4 |  |
Percentage of annual base rent for expiring leases | 19.00% |  |
Through March 31, 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 March 31, 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 March 31, 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% |  |
Through March 31, 2024 |  |  |
RENTAL INCOME |  |  |
Annual base rent for expiring leases | $ 157,443 |  |
Total square feet for expiring leases | 4,771 |  |
Total number of leases expiring | 1 |  |
Percentage of annual base rent for expiring leases | 5.00% |  |

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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 + 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 + Details
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- Definition Future rental payments receivable within the fifth year from 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 + Details
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- Definition Future rental payments receivable within the second year from 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 + 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 + 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 + Details
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