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INVESTMENT IN REAL ESTATE, NET (Details Textual) (USD $)
 1 Months Ended
Nov. 30, 2012
Texas [Member]
Aug. 31, 2012
California Four Properties [Member]
Aug. 31, 2012
California Two Properties [Member]
Jul. 31, 2012
New Jersey [Member]
Short-term Debt, Refinanced, Amount $ 17,509,000 $ 1,628,000 $ 1,583,000 $ 9,010,000
Mortgage Loans On Real Estate Mortgage Period 10 years 30 years 30 years 10 years
Short-term Debt 19,500,000 1,685,000 1,650,000 10,780,000
Short-term Debt, Percentage Bearing Fixed Interest Rate 3.73% 4.25% 3.85% 3.51%
Debt Instrument, Interest Rate Terms
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.
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 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 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.
Short Term Debt Refinanced Amount Net $ 1,085,000     $ 1,513,000
Mortgage Loans On Real Estate Amortizing Period 30 years 30 years 30 years 25 years
Notes Maturity Period December 2022 September 2042 September 2042 August 2022