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SUBSEQUENT EVENTS (Details) (USD $)
6 Months Ended 70 Months Ended 6 Months Ended 70 Months Ended 3 Months Ended 6 Months Ended 70 Months Ended 3 Months Ended 6 Months Ended 70 Months Ended 1 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Dec. 31, 2012
Jun. 30, 2013
Hamilton Bay Unit Sales
item
Jun. 30, 2012
Hamilton Bay Unit Sales
item
Apr. 30, 2008
Hamilton Bay Unit Sales
item
Jun. 30, 2013
Class A units
Jun. 30, 2012
Class A units
Jun. 30, 2013
Class A units
Jun. 30, 2013
Class B Units
Jun. 30, 2013
Class B Units
Jun. 30, 2012
Class B Units
Jun. 30, 2013
Class B Units
Jun. 30, 2013
General Partnership units
Jun. 30, 2013
General Partnership units
Jun. 30, 2012
General Partnership units
Jun. 30, 2013
General Partnership units
Apr. 30, 2008
Mortgage
Hamilton Bay Unit Sales
Jun. 30, 2013
Mortgage
Hamilton Bay Unit Sales
Aug. 09, 2013
Subsequent events
Aug. 09, 2013
Subsequent events
Aug. 09, 2013
Subsequent events
Class A units
Aug. 09, 2013
Subsequent events
Class A units
Aug. 09, 2013
Subsequent events
Class B Units
Aug. 09, 2013
Subsequent events
Class B Units
Aug. 09, 2013
Subsequent events
General Partnership units
Aug. 09, 2013
Subsequent events
General Partnership units
Aug. 01, 2013
Subsequent events
Mortgage
Hamilton Bay Unit Sales
Jul. 07, 2013
Subsequent events
Boylston Downtown LP
Mortgage
Jul. 15, 2013
Subsequent events
Hamilton Green Apartments, LLC
item
Jul. 15, 2013
Subsequent events
Hamilton Green Apartments, LLC
Mortgage
Subsequent events                                                                
Amount of new loan                                     $ 2,368,000                     $ 40,000,000    
Interest rate (as a percent)                                     5.75%                     3.97%    
Period for which the entity is required to make interest only payments                                                           3 years    
Amortization period of debt                                                           30 years    
Amount of loan proceeds utilized for pay off the existing mortgage                                                           19,500,000    
Outstanding amount of mortgage loan 131,671,632   131,671,632 138,055,522 1,668,000 1,668,000                           1,668,000                 1,318,000 20,000,000    
Number of units         120 120 20                                               193  
Purchase price of real estate properties                                                             62,500,000  
Short term finance for real estate properties                                                             40,000,000  
Use of funds for real estate properties from exchange of apartments and cash reserves                                                             2,100,000  
Basis of interest rate                                                               LIBOR
Notional margin over basis of interest rate (as a percent)                                                               2.25%
Current interest rate (as a percent)                                                               2.45%
Repayment of loan                                                         350,000      
Contribution required to repay the debt                                                         800,000      
Repurchase of depository receipts (in shares)     1,229,636         9,709   1,229,636 0 77   1,998 0 4   105     12,000 12,000                    
Repurchase price of depository receipts (in dollars per share)     $ 24.68                                   $ 41.50 $ 41.50                    
Repurchase price of units (in dollars per share)                   $ 740.40       $ 627.53       $ 627.53         $ 1,245.00 $ 1,245.00 $ 95 $ 95 $ 5 $ 5        
Total cost of repurchase $ 399,487 $ 69,379 $ 31,786,000         $ 321,240 $ 55,778     $ 74,335 $ 12,921     $ 3,912 $ 680       $ 498,000 $ 498,000     $ 118,275 $ 118,275 $ 6,225 $ 6,225