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RENTAL INCOME (Details) (USD $)
9 Months Ended
Sep. 30, 2013
sqft
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Sep. 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 92.00%    
Maximum period of non-cancellable operating lease 1 year    
Percentage of rental income related to commercial properties 8.00%    
Minimum future rental income      
2014 $ 2,499,000    
2015 1,929,000    
2016 1,734,000    
2017 903,000    
2018 583,000    
Thereafter 505,000    
Commercial Property Leases 8,153,000    
Aggregate contingent rentals from continuing operations 489,000 477,000  
RENTAL INCOME      
Annual base rent for expiring leases 2,472,903    
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 556,000   381,000
Recognizing rental income from non-cancelable commercial leases with future rental increases on a straight-line basis 311,000    
Deferred rental concession 16,000    
Amortization of deferred rents 1,600    
Through September 30, 2014
     
RENTAL INCOME      
Annual base rent for expiring leases 322,864    
Total square feet for expiring leases 17,551    
Total number of leases expiring 11    
Percentage of annual base rent for expiring leases 13.00%    
Through September 30, 2015
     
RENTAL INCOME      
Annual base rent for expiring leases 422,746    
Total square feet for expiring leases 18,982    
Total number of leases expiring 7    
Percentage of annual base rent for expiring leases 17.00%    
Through September 30, 2016
     
RENTAL INCOME      
Annual base rent for expiring leases 623,398    
Total square feet for expiring leases 23,082    
Total number of leases expiring 5    
Percentage of annual base rent for expiring leases 25.00%    
Through September 30, 2017
     
RENTAL INCOME      
Annual base rent for expiring leases 519,132    
Total square feet for expiring leases 17,542    
Total number of leases expiring 7    
Percentage of annual base rent for expiring leases 21.00%    
Through September 30, 2018
     
RENTAL INCOME      
Annual base rent for expiring leases 254,932    
Total square feet for expiring leases 8,219    
Total number of leases expiring 6    
Percentage of annual base rent for expiring leases 10.00%    
Through September 30, 2019
     
RENTAL INCOME      
Annual base rent for expiring leases 123,200    
Total square feet for expiring leases 3,850    
Total number of leases expiring 1    
Percentage of annual base rent for expiring leases 5.00%    
Through September 30, 2020
     
RENTAL INCOME      
Annual base rent for expiring leases 141,831    
Total square feet for expiring leases 3,056    
Total number of leases expiring 2    
Percentage of annual base rent for expiring leases 6.00%    
Through September 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 3.00%    
Through September 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 September 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%