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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Real Estate      
Payroll and associated costs capitalized $ 3,895 $ 3,028 $ 3,007
Interest capitalized costs $ 4,380 $ 5,255 $ 9,384
In-place leases
     
Real Estate      
Amortization period 6 months    
Resident Relationship
     
Real Estate      
Amortization period 3 years