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DISCONTINUED OPERATIONS AND REAL ESTATE INTERESTS HELD FOR SALE - Results of Operations for Real Estate Interests Classified into Discontinued Operations (Details) (USD $)
1 Months Ended 12 Months Ended
Feb. 25, 2013
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Rental and related revenue   $ 64,142 $ 64,340
Total revenue   64,142 64,340
Expenses:      
Rental operating expenses   73,983 105,216
Professional fees   173,439 111,811
Interest expense   88,427 102,084
Depreciation, amortization and other expenses   16,156 898,985
Total expenses   1,805,477 1,789,554
Non controlling partners' interest in operating gains of consolidated subsidiaries   96,919 94,100
Gain on sale of discontinued operations, net of incentive fee 19,000,000    
Provision for income tax expense on gain on sale of discontinued operations     (66,000)
Income from discontinued operations   16,439,449 1,122,167
Segment, Discontinued Operations | Grove Isle
     
Revenues:      
Rental and related revenue   171,000 1,802,000
Food & beverage sales   1,950,000 6,179,000
Marina revenue   382,000 1,657,000
Other      430,000
Total revenue   2,503,000 10,068,000
Expenses:      
Rental operating expenses   97,000 550,000
Food & beverage operation expenses   1,430,000 5,150,000
Marina expenses   178,000 959,000
Professional fees   53,000 227,000
Interest expense   190,000 769,000
Depreciation, amortization and other expenses   199,000 1,291,000
Total expenses   2,147,000 8,946,000
Non controlling partners' interest in operating gains of consolidated subsidiaries   (212,000)   
Gain on sale of discontinued operations, net of incentive fee   18,803,000   
Provision for income tax expense on gain on sale of discontinued operations   (2,508,000)   
Income from discontinued operations   $ 16,439,000 $ 1,122,000