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RENTAL PROPERTIES (Details) (USD $)
6 Months Ended
Jun. 30, 2013
Dec. 31, 2012
Rental properties    
Total fixed assets $ 160,799,789 $ 158,624,893
Less: Accumulated depreciation (66,507,720) (63,651,293)
Total fixed assets, net 94,292,069 94,973,600
Land, improvements and parking lots
   
Rental properties    
Total fixed assets 27,799,184 27,743,726
Land, improvements and parking lots | Minimum
   
Rental properties    
Useful Life 15 years  
Land, improvements and parking lots | Maximum
   
Rental properties    
Useful Life 40 years  
Buildings and improvements
   
Rental properties    
Total fixed assets 119,862,255 118,739,283
Buildings and improvements | Minimum
   
Rental properties    
Useful Life 15 years  
Buildings and improvements | Maximum
   
Rental properties    
Useful Life 40 years  
Kitchen cabinets
   
Rental properties    
Total fixed assets 3,963,114 3,544,868
Kitchen cabinets | Minimum
   
Rental properties    
Useful Life 5 years  
Kitchen cabinets | Maximum
   
Rental properties    
Useful Life 10 years  
Carpets
   
Rental properties    
Total fixed assets 3,499,777 3,218,975
Carpets | Minimum
   
Rental properties    
Useful Life 5 years  
Carpets | Maximum
   
Rental properties    
Useful Life 10 years  
Air conditioning
   
Rental properties    
Total fixed assets 761,371 746,043
Air conditioning | Minimum
   
Rental properties    
Useful Life 5 years  
Air conditioning | Maximum
   
Rental properties    
Useful Life 10 years  
Laundry equipment
   
Rental properties    
Total fixed assets 429,571 378,806
Laundry equipment | Minimum
   
Rental properties    
Useful Life 5 years  
Laundry equipment | Maximum
   
Rental properties    
Useful Life 7 years  
Elevators
   
Rental properties    
Total fixed assets 1,139,296 1,139,296
Elevators | Minimum
   
Rental properties    
Useful Life 20 years  
Elevators | Maximum
   
Rental properties    
Useful Life 40 years  
Swimming pools
   
Rental properties    
Total fixed assets 241,772 235,242
Swimming pools | Minimum
   
Rental properties    
Useful Life 10 years  
Swimming pools | Maximum
   
Rental properties    
Useful Life 30 years  
Equipment
   
Rental properties    
Total fixed assets 1,631,336 1,529,904
Equipment | Minimum
   
Rental properties    
Useful Life 5 years  
Equipment | Maximum
   
Rental properties    
Useful Life 7 years  
Motor vehicles
   
Rental properties    
Total fixed assets 101,657 101,657
Useful Life 5 years  
Fences
   
Rental properties    
Total fixed assets 28,295 22,445
Fences | Minimum
   
Rental properties    
Useful Life 5 years  
Fences | Maximum
   
Rental properties    
Useful Life 15 years  
Furniture and fixtures
   
Rental properties    
Total fixed assets 1,143,141 1,031,348
Furniture and fixtures | Minimum
   
Rental properties    
Useful Life 5 years  
Furniture and fixtures | Maximum
   
Rental properties    
Useful Life 7 years  
Smoke alarms
   
Rental properties    
Total fixed assets $ 199,021 $ 193,298
Smoke alarms | Minimum
   
Rental properties    
Useful Life 5 years  
Smoke alarms | Maximum
   
Rental properties    
Useful Life 7 years  
Residential and mixed-use properties
   
RENTAL PROPERTIES    
Number of units 2,219  
Number of properties 19  
Residential and mixed-use properties | Partially owned properties
   
RENTAL PROPERTIES    
Number of units 798  
Number of properties 9  
Residential and mixed-use properties | Partially owned properties | Minimum
   
RENTAL PROPERTIES    
Percentage of ownership interest 40.00%  
Residential and mixed-use properties | Partially owned properties | Maximum
   
RENTAL PROPERTIES    
Percentage of ownership interest 50.00%  
Condominium
   
RENTAL PROPERTIES    
Number of units 19