XML 40 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
RENTAL PROPERTIES (Details 2) (USD $)
0 Months Ended 1 Months Ended 0 Months Ended
May 31, 2013
Jul. 15, 2013
Hamilton Green
item
May 31, 2013
Nashoba Apartments L.P. Residential Apartments Acton, Massachusetts
Dec. 20, 2013
Mortgages payable
Hamilton Green
RENTAL PROPERTIES        
Sales price of real estate properties     $ 4,300,000  
Amount of sale proceeds transferred to Investment Property 2,100,000      
Gain on sale of property     3,679,000  
Number of units   193    
Purchase price of real estate properties   62,500,000    
Purchase price allocated to the value of the in-place leases   1,656,000    
Purchase price allocated to the value of the tenant relationships   96,000    
Amortization period of value of the in-place leases   12 months    
Amortization period of value of the tenant relationships   36 months    
Short term finance for real estate properties   40,000,000    
Proceeds from sale of discontinued operations   2,100,000    
Closing costs associated with financing   38,000   346,000
Amount of new loan       38,500,000
Interest rate (as a percent)       4.67%
Term of debt       15 years
Period for which the entity is required to make interest only payments       2 years
Amortization period of debt       30 years
Additional capital required for refinancing       $ 1,846,000