XML 21 R57.htm IDEA: XBRL DOCUMENT v2.4.0.6
DISCONTINUED OPERATIONS AND SALES OF REAL ESTATE (Details) (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
DISCONTINUED OPERATIONS AND SALES OF REAL ESTATE    
Total Revenues $ 348,997 $ 910,155
Operating and other expenses 237,298 599,402
Depreciation and amortization 30,132 90,886
Total Expenses 267,430 690,288
Income from discontinued operations 81,567 219,867
Gain on the sale of Avon Street:    
Gain on the sale of real estate 7,720,459  
Avon Street Apartments
   
Gain on the sale of Avon Street:    
Sales price 8,750,000  
Net book value (594,035)  
Expense of sale (435,506)  
Gain on the sale of real estate $ 7,720,459