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MORTGAGE NOTES PAYABLE AND LINE OF CREDIT (Mortgage by property) (Details) - Mortgages payable - USD ($)
1 Months Ended
Jul. 11, 2014
Jun. 11, 2014
Dec. 20, 2013
Dec. 20, 2013
Oct. 02, 2013
Jul. 07, 2013
Mar. 11, 2013
Mar. 11, 2013
Feb. 25, 2013
Feb. 28, 2014
Dec. 31, 2015
Hamilton Green                      
MORTGAGE NOTES PAYABLE                      
Amount of mortgage paid off     $ 40,000,000                
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              
Refinancing costs     $ 346,000                
NERA Dean Street Associates, LLC                      
MORTGAGE NOTES PAYABLE                      
Mortgage amount   $ 5,687,000                  
Interest rate (as a percent)   4.22%                  
Period for which the entity is required to make interest only payments   10 years                  
Amount of loan proceeds utilized for pay off the existing mortgage   $ 5,077,000                  
Refinancing costs   $ 89,000                  
Westgate Apartments LLC                      
MORTGAGE NOTES PAYABLE                      
Term of debt         10 years            
Mortgage amount         $ 15,700,000            
Interest rate (as a percent)         4.65%            
Amount of loan proceeds utilized for pay off the existing mortgage         $ 7,616,000            
Refinancing costs         $ 190,000            
Hamilton Cypress LLC Commercial-1031Exchange Brookline, Massachusetts                      
MORTGAGE NOTES PAYABLE                      
Amount of mortgage paid off                 $ 3,967,000    
Mortgage prepayment penalties                 $ 0    
Property located at School Street                      
MORTGAGE NOTES PAYABLE                      
Mortgage amount             $ 15,000,000 $ 15,000,000      
Interest rate (as a percent)             3.76% 3.76%      
Period for which the entity is required to make interest only payments             3 years        
Amortization period of debt             30 years        
Amount of loan proceeds utilized for pay off the existing mortgage             $ 15,284,000 $ 15,284,000      
Refinancing costs               $ 159,000      
Boylston Downtown L.P. Residential Apartments Boston, Massachusetts                      
MORTGAGE NOTES PAYABLE                      
Term of debt           15 years          
Mortgage amount           $ 40,000,000          
Interest rate (as a percent)           3.97%          
Period for which the entity is required to make interest only payments           3 years          
Amortization period of debt           30 years          
Amount of loan proceeds utilized for pay off the existing mortgage           $ 19,500,000          
Net proceeds from the loan - cash back           20,000,000          
Refinancing costs           $ 279,000          
Hamilton Linewt LLC Commercial-1031 Exchange Newton, Massachusetts                      
MORTGAGE NOTES PAYABLE                      
Amount of mortgage paid off                   $ 1,466,000  
Linhart L.P. Residential/Commercial Newton, Massachusetts                      
MORTGAGE NOTES PAYABLE                      
Amount of mortgage paid off                   $ 1,926,000  
Westgate Apartments Residential Units Burlington Massachusetts Member                      
MORTGAGE NOTES PAYABLE                      
Mortgage amount $ 2,500,000                    
Interest rate (as a percent) 4.31%                    
Period for which the entity is required to make interest only payments 10 years                    
Amount of loan proceeds utilized for pay off the existing mortgage $ 2,010,000                    
Refinancing costs $ 75,000                    
Minimum                      
MORTGAGE NOTES PAYABLE                      
Interest rate (as a percent)                     3.76%
Maximum                      
MORTGAGE NOTES PAYABLE                      
Interest rate (as a percent)                     5.97%