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RENTAL PROPERTIES (Details 3) - 10Q (USD $)
 0 Months Ended 1 Months Ended 0 Months Ended
Sep. 30, 2014
May 31, 2013
Jul. 15, 2013
Hamilton Green
Jul. 15, 2013
Hamilton Green
item
May 31, 2013
Nashoba Apartments in Acton, Massachusetts
Sep. 30, 2014
Mortgages payable
Dec. 20, 2013
Mortgages payable
Hamilton Green
Dec. 20, 2013
Mortgages payable
Hamilton Green
RENTAL PROPERTIES                
Sales price of real estate properties         $ 4,300,000      
Amount of sale proceeds transferred to Investment Property   2,100,000            
Gain on sale of property         3,679,000      
Number of units       193        
Purchase price of real estate properties     62,500,000          
Purchase price allocated to the value of the in-place leases       1,656,000        
Purchase price allocated to the value of the tenant relationships       96,000        
Amortization period of value of the in-place leases     12 months          
Amortization period of value of the tenant relationships     36 months          
Short term finance for real estate properties       40,000,000        
Proceeds from sale of discontinued operations       2,100,000        
Closing costs associated with financing     38,000       346,000  
Amount of new loan               38,500,000
Interest rate (as a percent)               4.67%
Term of debt             15 years  
Period for which the entity is required to make interest only payments             2 years  
Amortization period of debt             30 years  
Additional capital required for refinancing             $ 1,846,000  
Effective interest rate (as a percent) 5.46%         4.92%