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RENTAL INCOME (Details) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
RENTAL INCOME    
Percentage of rental income related to residential apartments and condominium units with leases of one year or less 93.00%  
Maximum period of non-cancelable operating lease 1 year  
Percentage of rental income related to commercial properties 7.00%  
Minimum future rental income    
2016 $ 2,638,000  
2017 2,235,000  
2018 1,836,000  
2019 1,201,000  
2020 941,000  
Thereafter 422,000  
Commercial Property Leases 9,273,000  
Aggregate contingent rentals from continuing operations $ 304,000 $ 345,000