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RENTAL PROPERTIES (Hamilton Green) (Details) - Hamilton Green
Dec. 20, 2013
USD ($)
Dec. 20, 2013
USD ($)
Jul. 15, 2013
USD ($)
item
RENTAL PROPERTIES      
Number of units | item     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
Proceeds from sale of like kind property     $ 2,100,000
Short Term Loan, Due November 2013      
RENTAL PROPERTIES      
Short term finance for real estate properties     40,000,000
Closing costs associated with financing     $ 38,000
Mortgages payable      
RENTAL PROPERTIES      
Closing costs associated with financing $ 346,000    
Term of debt   15 years  
Mortgage amount $ 38,500,000 $ 38,500,000  
Interest rate (as a percent) 4.67% 4.67%  
Period for which the entity is required to make interest only payments 2 years 2 years  
Amortization period of debt 30 years 30 years  
Additional capital required for refinancing $ 1,846,000 $ 1,846,000