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FAIR VALUE MEASUREMENTS (Details) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Mortgage Notes Payable    
Carrying Amount $ 191,974,239 $ 138,055,522
Partnership Properties
   
Mortgage Notes Payable    
Carrying Amount 191,974,239 138,055,523
Estimated Fair Value 196,257,531 155,942,880
Investment Properties
   
Mortgage Notes Payable    
Carrying Amount 139,654,421 138,256,711
Estimated Fair Value $ 149,617,171 $ 157,983,030