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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) attributable to the Company $ 68,621 $ (206,612)
Adjustments to reconcile net income (loss) attributable to the Company to net cash provided by operating activities:    
Depreciation and amortization 223,491 381,294
Non-employee stock compensation expense 4,485  
Net income from other investments, excluding impairment losses (28,529) (9,334)
Other than temporary impairment losses from other investments 27,666  
Net gain from investments in marketable securities (92,142) (62,478)
Realized loss on interest rate swap agreement   198,400
Net income (loss) attributable to non controlling interest 116,288 (111,009)
Deferred income tax (benefit) expense (4,000) 9,000
Other assets and other receivables 146,589 89,850
Accounts payable, accrued expenses and other liabilities 34,245 20,315
Total adjustments 428,093 516,038
Net cash provided by operating activities 496,714 309,426
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases and improvements of properties (82,518) (100,134)
Distributions from other investments 107,058 29,798
Contributions to other investments (73,190) (55,125)
Net proceeds from sales and redemptions of securities 446,698 590,147
Purchase of marketable securities (226,233) (164,860)
Net cash provided by investing activities 171,815 299,826
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of mortgages and notes payables (113,930) (1,841,418)
Partial settlement of interest rate swap contract   (198,400)
Withdrawals from restricted cash   2,379,947
Distributions to minority partners   (51,181)
Net cash (used in) provided by financing activities (113,930) 288,948
Net increase in cash and cash equivalents 554,599 898,200
Cash and cash equivalents at beginning of the period 2,366,363 3,618,200
Cash and cash equivalents at end of the period 2,920,962 4,516,400
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest $ 221,000 $ 252,000