CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2012	Dec. 31, 2011
Assets
Real estate (Note 2)	$ 1,089,840	$ 1,085,909
Less: accumulated depreciation	451,659	414,805
Net real estate	638,181	671,104
Net mortgage portfolio	18,770	30,370
Prepaid expenses	144,936	304,417
Other receivables (net of valuation allowance of $6,724 in 2012 and $5,592 in 2011)	19,817	14,428
Cash and cash equivalents	1,053,156	961,240
Assets related to discontinued operations	14,324,287	14,392,300
Other assets	40,380	0
Total Assets	16,239,527	16,373,859
Liabilities and Equity
Liabilities related to discontinued operations	17,645,720	16,638,972
Mortgage payable	492,608	0
Accrued liabilities	164,896	150,120
Accounts payable	1,959	33,970
Other liabilities	637,205	622,991
Total Liabilities	18,942,388	17,446,053
Presidential Stockholders' Deficiency:
Additional paid-in capital	5,252,336	5,150,869
Accumulated deficit	(3,263,337)	(1,966,911)
Treasury stock (at cost)	(2,879,354)	(2,879,354)
Total Presidential stockholders' (deficit) equity	(890,313)	304,646
Noncontrolling interest (Note 6)	(1,812,548)	(1,376,840)
Total Deficit	(2,702,861)	(1,072,194)
Total Liabilities and Stockholders' Deficit	16,239,527	16,373,859
Common Class A [Member]
Presidential Stockholders' Deficiency:
Common stock: par value $.00001 per share	5	5
Common Class B [Member]
Presidential Stockholders' Deficiency:
Common stock: par value $.00001 per share	$ 37	$ 37