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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 3) (USD $)
3 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2012
Hamilton Essex 81
Dec. 31, 2011
Hamilton Essex 81
Dec. 31, 2010
Hamilton Essex 81
Dec. 31, 2012
Hamilton Essex 81
NERA 50%
Dec. 31, 2011
Hamilton Essex 81
NERA 50%
Dec. 31, 2010
Hamilton Essex 81
NERA 50%
Dec. 31, 2012
Hamilton Essex Development
Dec. 31, 2011
Hamilton Essex Development
Dec. 31, 2010
Hamilton Essex Development
Dec. 31, 2012
Hamilton Essex Development
NERA 50%
Dec. 31, 2011
Hamilton Essex Development
NERA 50%
Dec. 31, 2010
Hamilton Essex Development
NERA 50%
Dec. 31, 2012
345 Franklin
Dec. 31, 2011
345 Franklin
Dec. 31, 2010
345 Franklin
Nov. 30, 2001
345 Franklin
Dec. 31, 2012
345 Franklin
NERA 50%
Dec. 31, 2011
345 Franklin
NERA 50%
Dec. 31, 2010
345 Franklin
NERA 50%
Dec. 31, 2012
Hamilton 1025
Dec. 31, 2011
Hamilton 1025
Dec. 31, 2010
Hamilton 1025
Mar. 02, 2005
Hamilton 1025
Dec. 31, 2012
Hamilton 1025
NERA 50%
Dec. 31, 2011
Hamilton 1025
NERA 50%
Dec. 31, 2010
Hamilton 1025
NERA 50%
Dec. 31, 2012
Hamilton Bay Sales
Dec. 31, 2011
Hamilton Bay Sales
Dec. 31, 2010
Hamilton Bay Sales
Oct. 03, 2005
Hamilton Bay Sales
Dec. 31, 2012
Hamilton Bay Sales
NERA 50%
Dec. 31, 2011
Hamilton Bay Sales
NERA 50%
Dec. 31, 2010
Hamilton Bay Sales
NERA 50%
Dec. 31, 2012
Hamilton Bay
Dec. 31, 2011
Hamilton Bay
Dec. 31, 2010
Hamilton Bay
Dec. 31, 2012
Hamilton Bay
NERA 50%
Dec. 31, 2011
Hamilton Bay
NERA 50%
Dec. 31, 2010
Hamilton Bay
NERA 50%
Dec. 31, 2012
Hamilton Minuteman
Dec. 31, 2011
Hamilton Minuteman
Dec. 31, 2010
Hamilton Minuteman
Sep. 30, 2004
Hamilton Minuteman
Dec. 31, 2012
Hamilton Minuteman
NERA 50%
Dec. 31, 2011
Hamilton Minuteman
NERA 50%
Dec. 31, 2010
Hamilton Minuteman
NERA 50%
Dec. 31, 2012
Hamilton on Main
Dec. 31, 2011
Hamilton on Main
Dec. 31, 2010
Hamilton on Main
Aug. 31, 2004
Hamilton on Main
Dec. 31, 2012
Hamilton on Main
NERA 50%
Dec. 31, 2011
Hamilton on Main
NERA 50%
Dec. 31, 2010
Hamilton on Main
NERA 50%
Dec. 31, 2012
Dexter Park
Dec. 31, 2011
Dexter Park
Dec. 31, 2010
Dexter Park
Oct. 28, 2009
Dexter Park
Dec. 31, 2012
Dexter Park
NERA 40%
Dec. 31, 2011
Dexter Park
NERA 40%
Dec. 31, 2010
Dexter Park
NERA 40%
Dec. 31, 2012
Total
Dec. 31, 2011
Total
Dec. 31, 2010
Total
Dec. 31, 2012
Total
NERA 50%
Dec. 31, 2011
Total
NERA 50%
Dec. 31, 2010
Total
NERA 50%
Dec. 31, 2012
Total
NERA 40%
Dec. 31, 2011
Total
NERA 40%
Dec. 31, 2010
Total
NERA 40%
Revenues                                                                                                                                                                
Rental income                 $ 35,244,008 $ 33,608,799 $ 31,816,175 $ 1,270,141 $ 1,244,322 $ 1,122,915       $ 287,537 $ 255,050 $ 275,950       $ 1,178,712 $ 1,136,831 $ 1,097,957         $ 861,998 $ 816,015 $ 794,993         $ 235,061 $ 232,938 $ 221,191         $ 886,122 $ 863,657 $ 839,361       $ 809,707 $ 789,897 $ 765,509         $ 2,623,994 $ 2,491,957 $ 2,455,222         $ 12,202,615 $ 11,559,414 $ 11,019,862         $ 20,355,887 $ 19,390,080 $ 18,592,960            
Laundry and sundry income                 388,401 426,803 439,782 15,363 16,589 16,184                   1,206 2,367 2,436                                                 2,435 1,362 762         20,952 20,599 19,780         98,042 97,275 97,902         137,999 138,193 137,063            
Total Revenues 9,104,015 8,875,596 8,800,416 8,852,382 8,760,538 8,648,526 8,345,643 8,280,894 35,632,409 34,035,602 32,255,957 1,285,504 1,260,911 1,139,099       287,537 255,050 275,950       1,179,918 1,139,198 1,100,393         861,998 816,015 794,993         235,061 232,938 221,191         886,122 863,657 839,361       812,142 791,258 766,271         2,644,946 2,512,556 2,475,002         12,300,657 11,656,690 11,117,764         20,493,885 19,528,273 18,730,023            
Expenses                                                                                                                                                                
Administrative                 1,825,951 1,707,408 1,772,599 15,237 20,839 13,709       1,749 1,339         27,942 24,424 30,904         5,142 11,258 13,038         7,553 5,396 7,073         34,600 18,625 17,324       7,825 10,249 10,288         46,400 36,155 39,289         219,218 163,511 148,097         365,666 291,796 279,724            
Depreciation and amortization                 6,092,725 5,910,746 5,531,509 409,488 424,695 425,450       11,638 8,498 6,254       441,704 443,055 439,666         256,696 257,961 269,475         82,287 103,536 98,678         297,737 329,930 359,727       317,231 322,216 320,553         957,452 965,324 981,881         5,733,920 5,698,657 9,428,284         8,508,153 8,553,872 12,329,966            
Management fees                       55,308 49,677 46,734       11,502 11,040 11,040       48,596 45,829 45,559         34,517 32,120 31,795         9,894 9,486 9,245         34,659 33,916 33,345       32,615 31,666 31,563         104,807 100,581 97,239         261,355 251,071 244,178         593,253 565,386 550,698            
Operating                 3,633,619 4,080,647 3,784,401 112,172 121,521 134,016                   62,277 66,278 62,994         816 1,733 1,777         1,251 239           1,190 732 411       73,092 54,650 63,841         341,054 371,687 358,827         1,006,570 929,543 960,328         1,598,421 1,546,382 1,582,193            
Renting                 183,529 365,110 528,686 18,350 8,058 24,785                   5,326 19,206 49,517         6,815 13,322 8,576         1,894 1,750 375         4,053 8,927 6,213       3,538 3,559 3,770         10,974 15,140 15,361         74,705 144,149 281,545         125,655 214,111 390,142            
Repairs and maintenance                 5,179,408 5,056,054 4,886,724 118,786 127,528 134,941       5,475 3,050         82,052 71,479 80,190         320,997 300,534 376,560         70,812 78,167 76,510         273,652 316,782 344,852       57,448 98,904 99,553         380,605 371,109 342,310         880,103 935,839 859,088         2,189,930 2,303,393 2,314,005            
Taxes and insurance                 4,348,492 4,146,554 4,082,588 197,566 184,119 179,939       49,237 47,709 46,658       106,785 97,028 98,151         145,755 143,002 127,637         46,017 45,303 42,465         161,137 155,681 132,188       102,505 92,300 96,213         337,256 325,868 318,150         1,485,297 1,300,995 1,451,017         2,631,555 2,392,005 2,492,417            
Total Expenses 5,704,596 5,730,319 5,413,735 5,861,694 5,722,971 5,665,232 5,508,842 5,773,941 22,710,344 22,670,986 21,916,664 926,908 936,438 959,574       79,600 71,636 63,952       774,681 767,299 806,981         770,738 759,930 828,857         219,707 243,877 234,346         807,027 864,593 894,061       594,254 613,544 625,780         2,178,549 2,185,864 2,153,057         9,661,169 9,423,765 13,372,537         16,012,632 15,866,945 19,939,145            
Income Before Other Income (loss) and Discontinued Operations 3,399,419 3,145,277 3,386,681 2,990,688 3,037,567 2,983,294 2,836,801 2,506,953 12,922,065 11,364,616 10,339,293 358,596 324,473 179,525       207,937 183,414 211,998       405,237 371,899 293,412         91,260 56,085 (33,864)         15,354 (10,939) (13,155)         79,095 (936) (54,700)       217,888 177,714 140,491         466,397 326,693 321,944         2,639,488 2,232,924 (2,254,773)         4,481,253 3,661,328 (1,209,122)            
Other Income (Loss)                                                                                                                                                                
Interest expense                 (7,802,999) (7,965,422) (8,053,628) (497,631) (503,102) (507,425)       (60,451) (61,593) (62,694)       (486,051) (494,468) (504,667)         (288,470) (289,222) (289,042)         (98,361) (98,010) (97,909)         (271,283) (271,348) (271,389)       (317,448) (317,927) (317,360)         (840,874) (848,786) (860,500)         (5,092,838) (5,113,523) (5,116,598)         (7,953,407) (7,997,979) (8,027,583)            
Interest income                 2,216 3,861 5,932     3           2       48 49 47         74 88 90         215 457 569             2           1,780             8           3,219 5         337 3,814 2,505            
Interest Income from Note                                                                           6,180 8,904 11,445                                                               6,180 8,904 11,445            
Gain on the sale of real estate                   7,720,459                                                                                                                                            
Other Income (Expenses)                         (2,331)                       (5,375)             (3,621)               11,021           (2,271) 9,478         (61,589)             (1,152) 2,168           (3,500) (17,720)           (79,839) 4,947            
Total Other Income (Expense) (2,214,288) (2,370,824) (2,339,420) (2,363,735) (2,469,002) (2,523,314) (2,480,305) (2,402,740) (9,288,267) (9,875,361) (11,918,392) (497,631) (505,433) (507,422)       (60,451) (61,593) (62,692)       (486,003) (499,793) (504,619)         (288,395) (292,756) (288,952)         (91,966) (88,649) (74,874)         (271,283) (273,619) (261,909)       (317,448) (379,515) (315,581)         (840,874) (849,938) (858,323)         (5,092,838) (5,113,804) (5,134,313)         (7,946,890) (8,065,100) (8,008,686)            
Net Income (loss) 1,185,131 774,453 1,047,261 626,953 568,257 456,926 8,093,285 172,812 3,633,798 9,291,281 (1,359,232) (139,035) (180,960) (327,897)       147,486 121,821 149,305       (80,766) (127,894) (211,208)         (197,135) (236,671) (322,816)         (76,612) (99,588) (88,029)         (192,188) (274,555) (316,608)       (99,560) (201,801) (175,090)         (374,477) (523,245) (536,379)         (2,453,350) (2,880,880) (7,389,086)         (3,465,636) (4,403,772) (9,217,808)            
Proportionate share of net loss                             $ (69,517) $ (90,480) $ (163,948)       $ 73,743 $ 60,911 $ 74,653         $ (40,383) $ (63,947) $ (105,604)         $ (98,567) $ (118,335) $ (161,408)         $ (38,306) $ (49,794) $ (44,015)       $ (96,094) $ (137,277) $ (158,304)         $ (49,780) $ (100,900) $ (87,545)         $ (187,239) $ (261,622) $ (268,189)         $ (981,340) $ (1,152,352) $ (2,955,635) $ (1,487,483) $ (1,913,798) $ (3,869,995) $ (506,143) $ (761,446) $ (914,361) $ (981,340) $ (1,152,352) $ (2,955,635)
Percentage of ownership interest                             50.00% 50.00% 50.00%       50.00% 50.00% 50.00%       50.00% 50.00% 50.00% 50.00%       50.00% 50.00% 50.00% 50.00%       50.00% 50.00% 50.00% 50.00%       50.00% 50.00% 50.00%       50.00% 50.00% 50.00% 50.00%       50.00% 50.00% 50.00% 50.00%       40.00% 40.00% 40.00% 40.00%       50.00% 50.00% 50.00% 40.00% 40.00% 40.00%