XML 18 R50.htm IDEA: XBRL DOCUMENT v2.4.0.8
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 3) - 10Q (USD $)
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Hamilton Essex 81
Sep. 30, 2013
Hamilton Essex 81
Sep. 30, 2014
Hamilton Essex 81
Sep. 30, 2013
Hamilton Essex 81
Sep. 30, 2014
Hamilton Essex 81
NERA 50%
Sep. 30, 2013
Hamilton Essex 81
NERA 50%
Sep. 30, 2014
Hamilton Essex 81
NERA 50%
Sep. 30, 2013
Hamilton Essex 81
NERA 50%
Sep. 30, 2014
Hamilton Essex Development
Sep. 30, 2013
Hamilton Essex Development
Sep. 30, 2014
Hamilton Essex Development
Sep. 30, 2013
Hamilton Essex Development
Sep. 30, 2014
Hamilton Essex Development
NERA 50%
Sep. 30, 2013
Hamilton Essex Development
NERA 50%
Sep. 30, 2014
Hamilton Essex Development
NERA 50%
Sep. 30, 2013
Hamilton Essex Development
NERA 50%
Sep. 30, 2014
345 Franklin
Sep. 30, 2013
345 Franklin
Sep. 30, 2014
345 Franklin
Sep. 30, 2013
345 Franklin
Nov. 30, 2001
345 Franklin
Sep. 30, 2014
345 Franklin
NERA 50%
Sep. 30, 2013
345 Franklin
NERA 50%
Sep. 30, 2014
345 Franklin
NERA 50%
Sep. 30, 2013
345 Franklin
NERA 50%
Sep. 30, 2014
Hamilton 1025
Sep. 30, 2013
Hamilton 1025
Sep. 30, 2014
Hamilton 1025
Sep. 30, 2013
Hamilton 1025
Mar. 02, 2005
Hamilton 1025
Sep. 30, 2014
Hamilton 1025
NERA 50%
Sep. 30, 2013
Hamilton 1025
NERA 50%
Sep. 30, 2014
Hamilton 1025
NERA 50%
Sep. 30, 2013
Hamilton 1025
NERA 50%
Sep. 30, 2014
Hamilton Bay Sales
Sep. 30, 2013
Hamilton Bay Sales
Sep. 30, 2014
Hamilton Bay Sales
Sep. 30, 2013
Hamilton Bay Sales
Sep. 30, 2014
Hamilton Bay Sales
NERA 50%
Sep. 30, 2013
Hamilton Bay Sales
NERA 50%
Sep. 30, 2014
Hamilton Bay Sales
NERA 50%
Sep. 30, 2013
Hamilton Bay Sales
NERA 50%
Sep. 30, 2014
Hamilton Bay Apartments
Sep. 30, 2013
Hamilton Bay Apartments
Sep. 30, 2014
Hamilton Bay Apartments
Sep. 30, 2013
Hamilton Bay Apartments
Oct. 03, 2005
Hamilton Bay Apartments
Sep. 30, 2014
Hamilton Bay Apartments
NERA 50%
Sep. 30, 2013
Hamilton Bay Apartments
NERA 50%
Sep. 30, 2014
Hamilton Bay Apartments
NERA 50%
Sep. 30, 2013
Hamilton Bay Apartments
NERA 50%
Sep. 30, 2014
Hamilton Minuteman
Sep. 30, 2013
Hamilton Minuteman
Sep. 30, 2014
Hamilton Minuteman
Sep. 30, 2013
Hamilton Minuteman
Sep. 30, 2004
Hamilton Minuteman
Sep. 30, 2014
Hamilton Minuteman
NERA 50%
Sep. 30, 2013
Hamilton Minuteman
NERA 50%
Sep. 30, 2014
Hamilton Minuteman
NERA 50%
Sep. 30, 2013
Hamilton Minuteman
NERA 50%
Sep. 30, 2014
Hamilton on Main Apts
Sep. 30, 2013
Hamilton on Main Apts
Sep. 30, 2014
Hamilton on Main Apts
Sep. 30, 2013
Hamilton on Main Apts
Aug. 31, 2004
Hamilton on Main Apts
Sep. 30, 2014
Hamilton on Main Apts
NERA 50%
Sep. 30, 2013
Hamilton on Main Apts
NERA 50%
Sep. 30, 2014
Hamilton on Main Apts
NERA 50%
Sep. 30, 2013
Hamilton on Main Apts
NERA 50%
Sep. 30, 2014
Dexter Park
Sep. 30, 2013
Dexter Park
Sep. 30, 2014
Dexter Park
Sep. 30, 2013
Dexter Park
Oct. 28, 2008
Dexter Park
Sep. 30, 2014
Dexter Park
NERA 40%
Sep. 30, 2013
Dexter Park
NERA 40%
Sep. 30, 2014
Dexter Park
NERA 40%
Sep. 30, 2013
Dexter Park
NERA 40%
Sep. 30, 2014
Total
Sep. 30, 2013
Total
Sep. 30, 2014
Total
Sep. 30, 2013
Total
Sep. 30, 2014
Total
NERA 50%
Sep. 30, 2013
Total
NERA 50%
Sep. 30, 2014
Total
NERA 50%
Sep. 30, 2013
Total
NERA 50%
Sep. 30, 2014
Total
NERA 40%
Sep. 30, 2013
Total
NERA 40%
Sep. 30, 2014
Total
NERA 40%
Sep. 30, 2013
Total
NERA 40%
Revenues                                                                                                                                                                                            
Rental income $ 10,546,055 $ 9,859,135 $ 31,500,342 $ 27,687,903 $ 373,304 $ 343,035 $ 1,043,460 $ 1,006,954         $ 72,523 $ 71,809 $ 218,995 $ 215,601         $ 336,267 $ 315,594 $ 994,756 $ 931,629           $ 250,921 $ 224,602 $ 698,401 $ 666,484           $ 45,216 $ 68,189 $ 151,937 $ 189,661         $ 242,294 $ 235,198 $ 704,397 $ 676,641           $ 226,213 $ 205,420 $ 683,025 $ 638,208           $ 737,588 $ 693,178 $ 2,177,950 $ 2,046,366           $ 3,433,856 $ 3,155,855 $ 10,143,620 $ 9,487,525           $ 5,718,182 $ 5,312,880 $ 16,816,541 $ 15,859,069                
Laundry and sundry income 96,973 108,617 321,150 302,305 4,306 3,146 12,425 12,144                         (660) 1,550 (425) 3,483                                                               676   844 675           10,065 10,109 29,213 27,391           26,620 24,417 75,213 70,846           41,007 39,222 117,270 114,538                
Total Revenues 10,643,028 9,967,752 31,821,492 27,990,208 377,610 346,181 1,055,885 1,019,097         72,523 71,809 218,995 215,601         335,607 317,144 994,331 935,112           250,921 224,602 698,401 666,484           45,216 68,189 151,937 189,661         242,294 235,198 704,397 676,641           226,889 205,420 683,869 638,883           747,653 703,287 2,207,163 2,073,756           3,460,476 3,180,272 10,218,833 9,558,371           5,759,189 5,352,102 16,933,811 15,973,608                
Expenses                                                                                                                                                                                            
Administrative 543,704 451,268 1,643,185 1,601,123 6,235 5,109 23,376 15,037         350 317 1,180 1,021         12,719 4,365 32,580 18,796           2,624 4,162 6,784 7,968           715 5,916 3,388 9,502         3,916 6,816 14,493 14,367           2,661 1,788 8,104 4,253           12,037 8,440 42,799 26,848           64,668 77,694 181,661 191,418           105,925 114,608 314,365 289,209                
Depreciation and amortization 2,463,708 2,824,318 7,935,355 5,758,310 108,663 107,829 324,833 319,895         2,822 2,182 8,466 6,671         100,712 105,992 300,816 321,730           60,204 60,185 180,524 180,399           19,174 19,797 57,524 60,895         80,047 76,900 238,744 230,538           81,233 79,914 240,486 237,847           242,960 244,670 716,092 733,437           1,354,577 1,448,329 4,048,679 4,326,808           2,050,392 2,145,798 6,116,164 6,418,221                
Management fees         14,832 15,699 43,937 41,713         2,901 2,872 8,760 8,624         13,319 12,851 41,823 38,633           9,330 8,922 27,973 27,108           1,613 2,627 5,888 7,614         9,606 8,795 28,206 26,682           9,536 8,725 28,489 25,801           28,609 26,626 86,429 83,965           68,588 70,212 217,031 203,719           158,334 157,330 488,536 463,860                
Operating 838,728 786,179 3,540,985 3,032,964 27,938 31,039 96,904 94,588                         13,390 13,266 45,984 53,310           171 215 523 927           423 77 1,028 2,038         643 615 1,683 1,232           16,528 14,951 60,631 56,899           82,442 61,202 288,912 252,383           224,085 237,482 960,938 802,142           365,620 358,848 1,456,603 1,263,520                
Renting 155,865 78,874 301,334 135,540 908 1,281 11,875 10,831                         7,745   11,368 1,788           (459) 1,453 5,918 5,378               753 1,425           2,503 5,042 9,753           1,482 2,054 7,571 6,096           3,034 1,026 21,131 4,331           99,320 39,451 156,856 66,105           112,030 47,766 220,514 105,705                
Repairs and maintenance 2,087,290 1,641,608 4,899,746 4,238,821 51,584 29,100 125,411 93,194           700 3,150 4,400         25,489 24,374 56,421 62,553           82,066 82,343 246,576 239,752           27,069 24,231 74,719 70,217         79,825 76,461 223,566 224,156           19,697 25,303 58,132 50,840           101,601 112,318 292,004 278,025           413,587 389,052 927,771 843,069           800,918 763,882 2,007,750 1,866,206                
Taxes and insurance 1,388,807 1,301,388 4,180,961 3,667,180 55,807 52,614 172,802 164,374         12,859 12,642 40,498 37,050         29,643 28,897 87,842 85,152           38,487 37,599 119,861 114,730           7,360 11,293 30,025 31,912         38,387 38,040 120,392 109,188           30,264 29,945 89,496 91,893           87,450 87,950 279,034 257,239           398,451 427,973 1,155,775 1,170,929           698,708 726,954 2,095,725 2,062,466                
Total Expenses 7,916,421 7,484,223 23,805,346 19,578,400 265,967 242,671 799,138 739,632         18,932 18,715 62,054 57,765         203,017 189,745 576,834 581,962           192,423 194,878 588,159 576,261           56,354 63,942 173,325 183,604         212,424 210,131 632,126 615,915           161,401 162,681 492,909 473,628           558,133 542,233 1,726,401 1,636,229           2,623,276 2,690,194 7,648,711 7,604,189           4,291,927 4,315,188 12,699,657 12,469,187                
Income Before Other Income 2,726,607 2,483,529 8,016,146 8,411,808 111,643 103,510 256,747 279,465         53,591 53,095 156,941 157,835         132,590 127,399 417,497 353,150           58,498 29,724 110,242 90,223           (11,138) 4,248 (21,388) 6,057         29,870 25,068 72,271 60,726           65,488 42,739 190,960 165,255           189,520 161,054 480,762 437,527           837,200 490,078 2,570,122 1,954,182           1,467,262 1,036,914 4,234,154 3,504,421                
Other Income (loss)                                                                                                                                                                                            
Interest expense (2,393,427) (2,142,817) (7,160,489) (5,746,533) (121,659) (122,858) (361,857) (366,060)         (14,036) (14,510) (41,932) (43,776)         (97,895) (97,798) (293,469) (355,345)           (70,528) (71,481) (210,158) (212,962)           (86) (21,332) (485) (70,021)         (66,300) (67,226) (197,633) (200,200)           (77,635) (78,601) (231,196) (234,140)           (208,944) (206,762) (610,958) (616,349)           (1,245,694) (1,262,391) (3,710,651) (3,757,844)           (1,902,777) (1,942,961) (5,658,339) (5,856,697)                
Interest Income 209 230 592 945                                       26           6 2 15 5             36   122                                                                     57           6 39   210                
Interest Income from Note                                                                               722 468 2,729                                                                                   722   2,729                
Gain on Sale of Real Estate       3,678,839                                                                     50,001   350,523                                                                                   50,001                      
Other Income (Expenses)                                               (68,588)                                                                                                                           (68,588)                
Total Other Income (loss) (2,545,120) (2,515,749) (7,582,432) (6,771,939) (121,659) (122,858) (361,857) (366,060)         (14,036) (14,510) (41,932) (43,776)         (97,895) (97,798) (293,469) (423,908)           (70,522) (71,479) (210,143) (212,957)           49,915 (20,574) 350,506 (67,170)         (66,300) (67,226) (197,633) (200,200)           (77,635) (78,601) (231,196) (234,140)           (208,944) (206,762) (610,958) (616,349)           (1,245,694) (1,262,391) (3,710,651) (3,757,786)           (1,852,770) (1,942,200) (5,658,339) (5,922,346)                
Net Income (Loss) 181,487 (32,874) 433,714 5,337,867 (10,016) (19,348) (105,110) (86,594)         39,555 38,584 115,009 114,059         34,695 29,601 124,028 (70,758)           (12,024) (41,755) (99,901) (122,734)           38,777 (16,326) 329,118 (61,113)         (36,430) (42,159) (125,362) (139,474)           (12,147) (35,862) (40,236) (68,884)           (19,424) (45,708) (130,196) (178,822)           (408,494) (772,312) (1,140,529) (1,803,605)           (385,508) (905,286) (1,424,185) (2,417,925)                
Proportionate share of net loss                 $ (5,007) $ (9,674) $ (52,555) $ (43,297)         $ 19,778 $ 19,292 $ 57,505 $ 57,029           $ 17,348 $ 14,801 $ 62,014 $ (35,379)           $ (6,011) $ (20,878) $ (49,951) $ (61,367)         $ 19,389 $ (8,163) $ 164,560 $ (30,556)           $ (18,215) $ (21,079) $ (62,681) $ (69,737)           $ (6,074) $ (17,931) $ (20,118) $ (34,442)           $ (9,711) $ (22,854) $ (65,097) $ (89,411)           $ (163,398) $ (308,925) $ (456,212) $ (721,442) $ (151,902) $ (375,412) $ (422,535) $ (1,028,602) $ 11,496 $ (66,487) $ 33,677 $ (307,160) $ (163,398) $ (308,925) $ (456,212) $ (721,442)
Percentage of ownership interest                 50.00% 50.00% 50.00% 50.00%         50.00% 50.00% 50.00% 50.00%         50.00% 50.00% 50.00% 50.00% 50.00%         50.00% 50.00% 50.00% 50.00% 50.00%         50.00% 50.00% 50.00% 50.00%         50.00% 50.00% 50.00% 50.00% 50.00%         50.00% 50.00% 50.00% 50.00% 50.00%         50.00% 50.00% 50.00% 50.00% 50.00%         40.00% 40.00% 40.00% 40.00% 40.00%