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RENTAL INCOME (Details) (USD $)
6 Months Ended
Jun. 30, 2013
sqft
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Jun. 30, 2012
Dec. 31, 2012
RENTAL INCOME      
Percentage of rental income related to residential apartments and condominium units with leases of one year or less 91.00%    
Maximum period of non-cancellable operating lease 1 year    
Percentage of rental income related to commercial properties 9.00%    
Minimum future rental income      
2014 $ 2,441,000    
2015 1,915,000    
2016 1,698,000    
2017 938,000    
2018 589,000    
Thereafter 583,000    
Commercial Property Leases 8,164,000    
Aggregate contingent rentals from continuing operations 345,000 310,000  
RENTAL INCOME      
Annual base rent for expiring leases 2,473,504    
Total square feet for expiring leases 94,082    
Total number of leases expiring 40    
Percentage of Annual base rent for expiring leases 100.00%    
Allowance for doubtful rent receivable 515,000   381,000
Recognizing rental income from non-cancelable commercial leases with future rental increases on a straight-line basis 250,000    
Deferred rental concession 21,000    
Amortization of deferred rents 1,100    
Through June 30, 2014
     
RENTAL INCOME      
Annual base rent for expiring leases 150,282    
Total square feet for expiring leases 6,462    
Total number of leases expiring 7    
Percentage of Annual base rent for expiring leases 6.00%    
Through June 30, 2015
     
RENTAL INCOME      
Annual base rent for expiring leases 569,499    
Total square feet for expiring leases 28,181    
Total number of leases expiring 10    
Percentage of Annual base rent for expiring leases 23.00%    
Through June 30, 2016
     
RENTAL INCOME      
Annual base rent for expiring leases 680,253    
Total square feet for expiring leases 25,894    
Total number of leases expiring 7    
Percentage of Annual base rent for expiring leases 28.00%    
Through June 30, 2017
     
RENTAL INCOME      
Annual base rent for expiring leases 476,797    
Total square feet for expiring leases 16,272    
Total number of leases expiring 5    
Percentage of Annual base rent for expiring leases 19.00%    
Through June 30, 2018
     
RENTAL INCOME      
Annual base rent for expiring leases 266,841    
Total square feet for expiring leases 8,567    
Total number of leases expiring 7    
Percentage of Annual base rent for expiring leases 11.00%    
Through June 30, 2019
     
RENTAL INCOME      
Annual base rent for expiring leases 0    
Total square feet for expiring leases 0    
Total number of leases expiring 0    
Percentage of Annual base rent for expiring leases 0.00%    
Through June 30, 2020
     
RENTAL INCOME      
Annual base rent for expiring leases 265,032    
Total square feet for expiring leases 6,906    
Total number of leases expiring 3    
Percentage of Annual base rent for expiring leases 11.00%    
Through June 30, 2021
     
RENTAL INCOME      
Annual base rent for expiring leases 64,800    
Total square feet for expiring leases 1,800    
Total number of leases expiring 1    
Percentage of Annual base rent for expiring leases 2.00%    
Through June 30, 2022
     
RENTAL INCOME      
Annual base rent for expiring leases 0    
Total square feet for expiring leases 0    
Total number of leases expiring 0    
Percentage of Annual base rent for expiring leases 0.00%    
Through June 30, 2023
     
RENTAL INCOME      
Annual base rent for expiring leases $ 0    
Total square feet for expiring leases 0    
Total number of leases expiring 0    
Percentage of Annual base rent for expiring leases 0.00%