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INVESTMENT IN REAL ESTATE, NET (Details Textual) (USD $)
0 Months Ended 1 Months Ended
Jul. 31, 2012
New Jersey [Member]
Aug. 31, 2012
California Two Properties [Member]
Aug. 31, 2012
California Four Properties [Member]
Nov. 30, 2012
Texas [Member]
Short-term Debt, Refinanced, Amount $ 9,010,000 $ 1,583,000 $ 1,628,000 $ 17,509,000
Short-term Debt 10,780,000 1,650,000 1,685,000 19,500,000
Short-term Debt, Percentage Bearing Fixed Interest Rate 3.51% 3.85% 4.25% 3.73%
Short Term Debt Refinanced Amount Net $ 1,513,000     $ 1,085,000
Debt Instrument, Interest Rate Terms The interest rate on the new loan is fixed at 3.51% per annum for ten years, with monthly principal and interest payments based on a 25-year amortization schedule. The interest rate on the two loans is fixed at 3.85% for the first five years and variable thereafter, with monthly principal and interest payments based on a 30-year amortization schedule. The interest rate on the two loans is fixed at 4.25% for the first five years and variable thereafter, with monthly principal and interest payments based on a 30-year amortization schedule. The interest rate on the new loan is fixed at 3.73% per annum for ten years, with monthly principal and interest payments based on a 30-year amortization schedule.
Notes Maturity Period August 2022 September 2042 September 2042 December 2022
Mortgage Loans On Real Estate Mortgage Period 10 years 30 years 30 years 10 years
Mortgage Loans On Real Estate Amortizing Period 25 years 30 years 30 years 30 years