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MORTGAGE NOTES PAYABLE (Details Textual) (USD $)
1 Months Ended
Aug. 31, 2012
Two Mortgages On Two Properties [Member]
Aug. 31, 2012
Four Mortgages On Four Properties [Member]
Jul. 27, 2005
Prudential Loan [Member]
Mar. 31, 2007
Second Prudential Loan [Member]
May 31, 2013
Two Hundred and Sixty Four Unit Apartment [Member]
Nov. 30, 2012
Three Hundred And Fifghty Eight Unit Apartment [Member]
Sep. 30, 2012
Two Unit Apartment [Member]
Jul. 31, 2012
One Hundred And Fifty One Unit Apartment [Member]
Dec. 31, 2011
Twelve Unit Apartment [Member]
Debt Disclosure [Line Items]                  
Mortgage Loans on Real Estate, Face Amount of Mortgages $ 1,583,000 $ 1,243,000 $ 30,000,000 $ 19,000,000          
Mortgage Loan On Real Estate Final Maturity Period 30 years 30 years 120 months 100 months 10 years 10 years 30 years 10 years 10 years
Mortgage Loans on Real Estate, Interest Rate 3.85% 4.25% 5.22% 6.42% 4.05% 3.73% 4.25% 3.51% 4.25%
Mortgage Loans On Real Estate Periodic Payments     165,000 119,000          
Mortgage Loans On Real Estate Loan Amortization Period 30 years 30 years 30 years 30 years 30 years 30 years   25 years 30 years
Mortgage Loans on Real Estate, Final Maturity Date       Aug. 05, 2015          
Mortgage Loans on Real Estate, New Mortgage Loans         5,671,000 17,509,000 388,000 9,010,000 926,000
Mortgage Loans On Real Estate 1,650,000 1,285,000     6,045,000 19,500,000 400,000 10,780,000 2,095,000
Proceeds From Issuance Of Mortgage Notes Payable On Real Estate           $ 529,000   $ 1,513,000 $ 1,122,000