INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 4) - 10Q (USD $)	Mar. 31, 2015
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
03/31/2016	$ 285,000
03/31/2017	1,439,000
03/31/2018	1,801,000
03/31/2019	7,880,000
03/31/2020	1,963,000
Thereafter	182,671,000
Total	196,039,000us-gaap_LongTermDebt
Weighted average interest rate (as a percent)	5.27%
Effective interest rate (as a percent)	5.36%
Hamilton Essex 81
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
03/31/2016	145,622
03/31/2017	7,930,059
Total	8,075,681
Hamilton Essex 81 Development
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
03/31/2016	1,974,501
Total	1,974,501
345 Franklin
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
03/31/2017	131,657
03/31/2018	185,410
03/31/2019	192,714
03/31/2020	200,305
Thereafter	9,289,914
Total	10,000,000
Hamilton 1025
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
03/31/2016	73,013
03/31/2017	4,714,302
Total	4,787,315
Hamilton Bay Apartments
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
03/31/2016	75,910
03/31/2017	78,894
03/31/2018	4,401,271
Total	4,556,075
Hamilton Minuteman
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
03/31/2016	79,962
03/31/2017	5,192,036
Total	5,271,998
Hamilton on Main Apts
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
Thereafter	16,900,000
Total	16,900,000
Dexter Park
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
03/31/2016	1,439,081
03/31/2017	1,521,316
03/31/2018	1,608,251
03/31/2019	1,700,153
03/31/2020	79,628,122
Total	85,896,923
Total
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
03/31/2016	3,788,089
03/31/2017	19,568,264
03/31/2018	6,194,932
03/31/2019	1,892,867
03/31/2020	79,828,427
Thereafter	26,189,914
Total	$ 137,462,493

Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.

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