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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Dec. 31, 2012
Investment properties, net of accumulated depreciation:    
Office building and other commercial property $ 813,943 $ 826,061
Total investment properties, net 813,943 826,061
Cash and cash equivalents 21,502,353 1,510,773
Assets associated with real estate interests held for sale   18,098,789
Investments in marketable securities 4,469,240 2,158,330
Other investments 3,347,963 3,603,655
Investment in affiliate 2,437,864 2,547,572
Loans, notes and other receivables 1,330,602 295,562
Notes and advances due from related parties 704,201 696,909
Deferred taxes   698,000
Other assets 32,272 36,731
TOTAL ASSETS 34,638,438 30,472,382
LIABILITIES    
Note payable to affiliate 2,502,891 2,814,379
Accounts payable, accrued expenses and other liabilities 33,906 46,550
Due to Adviser 2,093,928  
Current and deferred income tax payable 1,996,130  
Obligations associated with real estate interests held for sale   13,383,821
TOTAL LIABILITIES 6,626,855 16,244,750
STOCKHOLDERS' EQUITY    
Additional paid-in capital 24,200,443 24,129,031
Undistributed gains from sales of properties, net of losses 57,739,776 41,572,120
Undistributed losses from operations (55,248,892) (54,377,617)
Accumulated other comprehensive loss   (982,500)
Total stockholders' equity 27,732,253 11,310,560
Non controlling interest 279,330 2,917,072
TOTAL EQUITY 28,011,583 14,227,632
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 34,638,438 30,472,382
Common Stock
   
STOCKHOLDERS' EQUITY    
Common stock value      
Common Class B
   
STOCKHOLDERS' EQUITY    
Common stock value $ 1,040,926 $ 969,526