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FAIR VALUE MEASUREMENTS (Details) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Mortgage Notes Payable    
Carrying Amount $ 131,671,632 $ 138,055,522
Partnership Properties
   
Mortgage Notes Payable    
Carrying Amount 131,671,632 138,055,522
Estimated Fair Value 140,763,628 155,942,880
Investment Properties
   
Mortgage Notes Payable    
Carrying Amount 140,458,521 138,256,711
Estimated Fair Value $ 151,279,690 $ 157,983,030