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RENTAL PROPERTIES (Details 3) (USD $)
12 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2012
Mortgages payable
May 31, 2011
Avon Street Apartments
Residential apartment complex
May 18, 2011
Avon Street Apartments
Residential apartment complex
item
Jul. 31, 2011
Battle Green Apartments
Mortgages payable
Jul. 27, 2011
Battle Green Apartments
Mortgages payable
Jun. 30, 2011
Battle Green Apartments
Residential apartment complex
Jun. 02, 2011
Battle Green Apartments
Residential apartment complex
item
Jul. 31, 2011
Battle Green Apartments
Harold Brown
Mortgages payable
Jun. 30, 2011
Battle Green Apartments
Harold Brown
Mortgages payable
Dec. 31, 2011
Battle Green Apartments
Harold Brown
Mortgages payable
Jun. 02, 2011
Battle Green Apartments
Harold Brown
Mortgages payable
RENTAL PROPERTIES                            
Number of units           66       48        
Sales price of real estate properties         $ 8,750,000                  
Gain on sale of property         7,700,000                  
Net proceeds from sale of property   8,297,928     5,444,000                  
Purchase price of real estate properties                 10,000,000          
Borrowings             5,000,000         3,998,573    
Interest rate (as a percent)               4.95%           6.00%
Term of debt                       4 years    
Notice period demanding early payment                       6 months    
Amortization period of debt             30 years              
Deferred financing cost associated with mortgage               100,000            
Effective interest rate (as a percent) 5.65%     5.63%       5.07%            
Repayment of debt                     3,998,573      
Amount returned to partnership                     1,000,000      
Interest paid $ 7,776,000 $ 8,011,000 $ 8,182,000                   $ 38,123