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OTHER ASSETS (Details) (USD $)
Jun. 30, 2014
Dec. 31, 2013
OTHER ASSETS    
Security deposits $ 2,125,000 $ 2,053,000
Escrow deposits to fund future capital improvements 202,000 123,000
Intangible assets, net of accumulated amortization 134,000 978,000
Accumulated amortization on intangible assets in connection with the acquisition of Windsor Green 1,618,000 774,000
Deposits and prepaid financing fees for Westgate Apartments Burlington, LLC 90,000  
Deposits to be refunded from refinancing of NERA Dean Street 215,000  
Financing and leasing fees, net 1,637,000 1,635,000
Accumulated amortization on financing and leasing fees $ 553,000 $ 548,000