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MORTGAGE NOTES PAYABLE (Details) (USD $)
0 Months Ended 1 Months Ended 3 Months Ended 0 Months Ended 1 Months Ended
Mar. 31, 2014
Jul. 15, 2013
Hamilton Green
Mar. 31, 2014
Courtyard at Westgate LLC
Feb. 28, 2014
Mortgages payable
Mar. 31, 2014
Mortgages payable
Dec. 20, 2013
Mortgages payable
Hamilton Green
Mar. 13, 2014
Mortgages payable
NERA Dean Street Associates, LLC
Oct. 02, 2013
Mortgages payable
Westgate Apartments LLC
Feb. 25, 2013
Mortgages payable
Hamilton Cypress LLC Commercial-1031Exchange Brookline, Massachusetts
Mar. 11, 2013
Mortgages payable
Property located at School Street
Jul. 07, 2013
Mortgages payable
Boylston Downtown L.P. Residential Apartments Boston, Massachusetts
Feb. 28, 2014
Mortgages payable
Hamilton Linewt LLC Commercial-1031Exchange Newton, Massachusetts
Feb. 28, 2014
Mortgages payable
Linhart L.P. Residential/Commercial Newton, Massachusetts
Mar. 31, 2014
Mortgages payable
Minimum
Mar. 31, 2014
Mortgages payable
Maximum
MORTGAGE NOTES PAYABLE                              
Interest rate (as a percent)           4.67% 4.22% 4.65%   3.70% 3.97%     3.76% 5.97%
Amount of monthly installments including principal         $ 819,000 $ 198,982                  
Weighted average interest rate (as a percent)         4.85%                    
Effective interest rate (as a percent) 5.46%       4.96%                    
Annual maturities of mortgage debt                              
2015-current maturities 7,224,000                            
2016 285,000                            
2017 1,439,000                            
2018 1,801,000                            
2019 7,880,000                            
Thereafter 176,444,000                            
Total 195,073,000                            
Additional disclosures related to mortgages                              
Amount of mortgage paid off           40,000,000     3,967,000     1,465,813 1,926,272    
Mortgage prepayment penalties       0         0            
Amount of new loan             5,500,000 15,700,000   15,000,000 40,000,000        
Period of interest only payments on loans           2 years 10 years 10 years   3 years          
Term of debt           15 years         15 years        
Period for which the entity is required to make interest only payments           2 years         3 years        
Amortization period of debt           30 years       30 years 30 years        
Amount of loan proceeds utilized for pay off the existing mortgage           1,846,000 5,100,000 7,616,000   15,284,000 19,500,000        
Deferred financing cost associated with mortgage                   159,000          
Net proceed from the loan - cash back                     20,000,000        
Refinancing cost                     279,000        
Closing costs associated with financing   38,000       346,000 100,000 190,000              
Amount of new loan           38,500,000                  
Deposits for refinancing included in other assets     $ 77,500