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MORTGAGE NOTES PAYABLE (Details) (USD $)
0 Months Ended 12 Months Ended 0 Months Ended
Dec. 31, 2013
Jul. 15, 2013
Hamilton Green
Dec. 31, 2013
Mortgages payable
Dec. 20, 2013
Mortgages payable
Hamilton Green
Oct. 02, 2013
Mortgages payable
Westgate Apartments LLC
Feb. 25, 2013
Mortgages payable
Hamilton Cypress LLC Commercial-1031Exchange Brookline, Massachusetts
Mar. 11, 2013
Mortgages payable
Property located at School Street
Jul. 07, 2013
Mortgages payable
Boylston Downtown L.P. Residential Apartments Boston, Massachusetts
Dec. 31, 2013
Mortgages payable
Minimum
Dec. 31, 2013
Mortgages payable
Maximum
MORTGAGE NOTES PAYABLE                    
Interest rate (as a percent)       4.67% 4.65%   3.70% 3.97% 3.25% 5.97%
Amount of monthly installments including principal     $ 835,000 $ 198,982            
Weighted average interest rate (as a percent)     4.83%              
Effective interest rate (as a percent) 5.52%   4.93%              
Annual maturities of mortgage debt                    
2014-current maturities 8,646,000                  
2015 2,135,000                  
2016 1,184,000                  
2017 1,782,000                  
2018 7,860,000                  
Thereafter 176,913,000                  
Total 198,520,000                  
Additional disclosures related to mortgages                    
Amount of mortgage paid off       40,000,000   3,967,000        
Mortgage prepayment penalties           0        
Amount of new loan         15,700,000   15,000,000 40,000,000    
Period of interest only payments on loans       2 years     3 years      
Term of debt       15 years 10 years     15 years    
Period for which the entity is required to make interest only payments       2 years       3 years    
Amortization period of debt       30 years     30 years 30 years    
Amount of loan proceeds utilized for pay off the existing mortgage       1,846,000 7,616,000   15,284,000 19,500,000    
Deferred financing cost associated with mortgage             159,000      
Net proceed from the loan - cash back               20,000,000    
Refinancing cost               279,000    
Closing costs associated with financing   38,000   346,000 190,000          
Amount of new loan       $ 38,500,000