XML 32 R43.htm IDEA: XBRL DOCUMENT v2.4.0.6
RELATED PARTY TRANSACTIONS (Details) (USD $)
1 Months Ended 3 Months Ended 12 Months Ended
Apr. 30, 2012
Feb. 29, 2012
Dec. 31, 2011
Oct. 31, 2011
Aug. 31, 2011
Aug. 31, 2010
Oct. 31, 2009
Dec. 31, 2010
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Oct. 28, 2009
RELATED PARTY TRANSACTIONS                        
Management fee as percentage of gross receipts rental revenue                 4.00%      
Management fee as percentage of Linewt                 3.00%      
Management fees of related party                 $ 1,447,000 $ 1,420,000 $ 1,367,000  
Repairs and maintenance                 5,179,408 5,056,054 4,886,724  
Administrative expense                 1,825,951 1,707,408 1,772,599  
Management fee                 1,446,620 1,404,467 1,330,157  
Number of limited partnerships and limited liability companies in which the entity has invested                 9      
Outstanding amount of mortgage loan     139,161,612           138,055,522 139,161,612    
Interest paid                 7,776,000 8,011,000 8,182,000  
Limited Partnerships | Minimum
                       
RELATED PARTY TRANSACTIONS                        
Percentage of ownership interest                 40.00%      
Limited Partnerships | Maximum
                       
RELATED PARTY TRANSACTIONS                        
Percentage of ownership interest                 50.00%      
General Partner or Management Company
                       
RELATED PARTY TRANSACTIONS                        
Costs related to professional services                 686,000 758,000 705,000  
Repairs and maintenance                 295,000      
Administrative expense                 348,000      
Expenses for construction, architectural services and supervision of capital projects                 43,000      
Management Company
                       
RELATED PARTY TRANSACTIONS                        
Reimbursement to related party for payroll transfers                 2,606,000 2,537,000 2,599,000  
Number of accounting staff of related party providing bookkeeping and accounting functions                 14      
Fees for accounting and bookkeeping services                 125,000 125,000 125,000  
Number of employees having ownership interest                 6      
Hamilton Company
                       
RELATED PARTY TRANSACTIONS                        
Management fee as percentage of gross receipts rental revenue                 4.00%      
Repairs and maintenance                 64,000      
Administrative expense                 82,000      
Expenses for construction, architectural services and supervision of capital projects                 15,000      
Amount paid to related party                 728,000      
Management fee                 567,000      
Dexter Park
                       
RELATED PARTY TRANSACTIONS                        
Management fee as percentage of gross receipts rental revenue                 2.00%      
President of Management Company
                       
RELATED PARTY TRANSACTIONS                        
Fee for asset management consulting services                 75,000 75,000 75,000  
Quarterly fee for asset management consulting services                 18,750 18,750 18,750  
Harold Brown | Minimum
                       
RELATED PARTY TRANSACTIONS                        
Percentage of ownership interest                 43.20%      
Harold Brown | Maximum
                       
RELATED PARTY TRANSACTIONS                        
Percentage of ownership interest                 60.00%      
HBC Holdings, LLC
                       
RELATED PARTY TRANSACTIONS                        
Borrowings             7,168,000          
Interest rate (as a percent)                       6.00%
Term of mortgage loan             4 years          
Notice period demanding early payment             6 months          
Principal paydown of debt upon notice           2,500,000            
Repayment of loan 918,600             2,500,000        
Amount of principal payment   750,000 1,000,000 1,000,000 1,000,000              
Outstanding amount of mortgage loan     1,668,600             1,668,600    
Interest paid                 $ 18,960 $ 238,673 $ 414,740