XML 55 R34.htm IDEA: XBRL DOCUMENT v3.3.0.814
RELATED PARTY TRANSACTIONS (Details)
3 Months Ended 9 Months Ended
Sep. 30, 2015
USD ($)
Sep. 30, 2014
USD ($)
Sep. 30, 2015
USD ($)
item
Sep. 30, 2014
USD ($)
RELATED PARTY TRANSACTIONS        
Management fee as percentage of gross receipts rental revenue     4.00%  
Management fee as a percentage of gross receipts rental revenue of Linewt, LLC     3.00%  
Management fees of related party     $ 1,370,000 $ 1,304,000
Repairs and maintenance $ 2,006,298 $ 2,087,290 5,176,219 4,899,746
Administrative expense 502,177 543,704 1,528,710 1,643,185
Management fee $ 453,178 $ 438,319 $ 1,369,597 1,303,780
Number of limited partnerships and limited liability companies in which the entity has invested | item     9  
Limited Partnerships | Minimum        
RELATED PARTY TRANSACTIONS        
Percentage of ownership interest 40.00%   40.00%  
Limited Partnerships | Maximum        
RELATED PARTY TRANSACTIONS        
Percentage of ownership interest 50.00%   50.00%  
General Partner or Management Company        
RELATED PARTY TRANSACTIONS        
Costs related to professional services     $ 719,000 630,000
Repairs and maintenance     336,000  
Administrative expense     257,000  
Expenses for construction, architectural services and supervision of capital projects     126,000  
Management Company        
RELATED PARTY TRANSACTIONS        
Reimbursement to related party for payroll transfers     2,145,000 2,385,000
Employer contributions in 401K plan     $ 0 0
Number of accounting staff of related party providing bookkeeping and accounting functions | item     14  
Fees for accounting and bookkeeping services     $ 93,750 93,750
Fees for accounting and bookkeeping services per year     $ 125,000  
Number of employees having ownership interest in the investment properties | item     6  
Dexter Park        
RELATED PARTY TRANSACTIONS        
Management fee as percentage of gross receipts rental revenue     2.00%  
President of Management Company        
RELATED PARTY TRANSACTIONS        
Quarterly fee for asset management consulting services     $ 56,250 $ 56,250
Harold Brown | Minimum        
RELATED PARTY TRANSACTIONS        
Percentage of ownership interest 43.20%   43.20%  
Harold Brown | Maximum        
RELATED PARTY TRANSACTIONS        
Percentage of ownership interest 57.00%   57.00%  
Partially owned properties        
RELATED PARTY TRANSACTIONS        
Management fee as percentage of gross receipts rental revenue     4.00%  
Repairs and maintenance     $ 79,000  
Administrative expense     31,000  
Architectural services and Supervision of capital projects     15,000  
Amount paid to related party     632,000  
Management fee     $ 507,000