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RENTAL INCOME (Details) (USD $)
6 Months Ended
Jun. 30, 2014
sqft
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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%