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RENTAL INCOME (Details) | 6 Months Ended |
--- | --- | ---
Jun. 30, 2015 USD ($) ft² item | Jun. 30, 2014 USD ($) | Dec. 31, 2014 USD ($)
Minimum future rental income |  |  |
2016 | $ 2,639,000 |  |
2017 | 1,877,000 |  |
2018 | 1,444,000 |  |
2019 | 1,062,000 |  |
2020 | 475,000 |  |
Thereafter | 603,000 |  |
Commercial Property Leases | 8,100,000 |  |
Annual base rent for expiring leases | $ 2,986,703 |  |
Total square feet for expiring leases | ft² | 108,043 |  |
Total number of leases expiring | item | 44 |  |
Percentage of annual base rent for expiring leases | 100.00% |  |
Allowance for doubtful rent receivable | $ 452,000 |  | $ 366,000
Recognizing rental income from non-cancelable commercial leases with future rental increases on a straight-line basis | 168,000 |  |
Deferred rental concession | 109,000 |  |
Amortization of deferred rents | $ 1,100 |  |
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% |  |
Aggregate contingent rentals from continuing operations | $ 345,000 | $ 315,000 |
Through March 31, 2016 |  |  |
Minimum future rental income |  |  |
Annual base rent for expiring leases | $ 864,371 |  |
Total square feet for expiring leases | ft² | 38,641 |  |
Total number of leases expiring | item | 11 |  |
Percentage of annual base rent for expiring leases | 29.00% |  |
Through March 31, 2017 |  |  |
Minimum future rental income |  |  |
Annual base rent for expiring leases | $ 525,725 |  |
Total square feet for expiring leases | ft² | 18,157 |  |
Total number of leases expiring | item | 7 |  |
Percentage of annual base rent for expiring leases | 18.00% |  |
Through March 31, 2018 |  |  |
Minimum future rental income |  |  |
Annual base rent for expiring leases | $ 408,902 |  |
Total square feet for expiring leases | ft² | 13,175 |  |
Total number of leases expiring | item | 9 |  |
Percentage of annual base rent for expiring leases | 14.00% |  |
Through March 31, 2019 |  |  |
Minimum future rental income |  |  |
Annual base rent for expiring leases | $ 211,965 |  |
Total square feet for expiring leases | ft² | 6,626 |  |
Total number of leases expiring | item | 5 |  |
Percentage of annual base rent for expiring leases | 7.00% |  |
Through March 31, 2020 |  |  |
Minimum future rental income |  |  |
Annual base rent for expiring leases | $ 753,497 |  |
Total square feet for expiring leases | ft² | 24,873 |  |
Total number of leases expiring | item | 10 |  |
Percentage of annual base rent for expiring leases | 25.00% |  |
Through March 31, 2021 |  |  |
Minimum future rental income |  |  |
Annual base rent for expiring leases | $ 64,800 |  |
Total square feet for expiring leases | ft² | 1,800 |  |
Total number of leases expiring | item | 1 |  |
Percentage of annual base rent for expiring leases | 2.00% |  |
Through March 31, 2024 |  |  |
Minimum future rental income |  |  |
Annual base rent for expiring leases | $ 157,443 |  |
Total square feet for expiring leases | ft² | 4,771 |  |
Total number of leases expiring | item | 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 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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