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DISCONTINUED OPERATIONS AND SALES OF REAL ESTATE (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2011
DISCONTINUED OPERATIONS AND SALES OF REAL ESTATE    
Total Revenues   $ 349,548
Operating and other expenses   235,441
Depreciation and amortization, discontinued operations   32,540
Total Expenses   267,981
Income from discontinued operations 16,178 81,567
Gain on the sale of Avon Street:    
Gain on the sale of real estate 7,720,459 7,720,459
Avon Street Apartments
   
Gain on the sale of Avon Street:    
Sales price of real estate properties 8,750,000  
Net book value (594,035)  
Expense of sale (435,506)  
Gain on the sale of real estate $ 7,720,459