RELATED PARTY TRANSACTIONS (Details 1) (USD $)	3 Months Ended		9 Months Ended		72 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014
Summarized below are the related-party transactions
Related-party costs, Incurred	$ 0	$ 0	$ 0	$ 47,000	$ 9,986,000
Selling commissions [Member]
Summarized below are the related-party transactions
Related-party costs, Incurred	0	0	0	32,000	6,905,000
Dealer manager fees [Member]
Summarized below are the related-party transactions
Related-party costs, Incurred	$ 0	$ 0	$ 0	$ 15,000	$ 3,081,000