XML 44 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
MORTGAGE NOTES PAYABLE (Details) (USD $)
12 Months Ended 1 Months Ended 1 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2012
Mortgages payable
Jul. 31, 2011
Mortgages payable
Battle Green Apartments
Jul. 27, 2011
Mortgages payable
Battle Green Apartments
Jun. 30, 2011
Mortgages payable
Battle Green Apartments
Harold Brown
Jun. 02, 2011
Mortgages payable
Battle Green Apartments
Harold Brown
Dec. 31, 2012
Mortgages payable
Boylston Street, Westgate Woburn, School Street and Cypress Street
MORTGAGE NOTES PAYABLE              
Interest rate (as a percent)       4.95%   6.00%  
Amount of monthly installments including principal   $ 742,000          
Effective interest rate (as a percent) 5.65% 5.63%   5.07%      
Weighted average interest rate (as a percent)   5.53%          
Annual maturities of mortgage debt              
2013-current maturities 41,275,000            
2014 14,669,000            
2015 2,184,000            
2016 194,000            
2017 205,000            
Thereafter 79,529,000            
Total 138,056,000            
Additional disclosures related to mortgages              
Borrowings     5,000,000   3,998,573    
Amortization period of debt     30 years        
Deferred financing cost associated with mortgage       100,000     353,000
Total amount expected to be refinanced             47,000,000
Expected prepayment penalties upon refinancing             $ 250,000