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RECENT ACQUISITIONS OF REAL ESTATE (Schedule of Business Acquisitions, Properties Acquired) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended |
|---|---|
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Dec. 31, 2013
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| Business Acquisition [Line Items] | |
| Land | $ 12,538 |
| Building and Improvements | 101,366 |
| Tenant Origination and Absorption Costs | 2,971 |
| Total Purchase Price | 116,875 |
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Watertower Apartments [Member]
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| Business Acquisition [Line Items] | |
| Acquisition Date | Jan. 15, 2013 |
| Land | 4,100 |
| Building and Improvements | 33,227 |
| Tenant Origination and Absorption Costs | 1,048 |
| Total Purchase Price | 38,375 |
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Crystal Park at Waterford [Member]
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|
| Business Acquisition [Line Items] | |
| Acquisition Date | May 08, 2013 |
| Land | 5,666 |
| Building and Improvements | 38,125 |
| Tenant Origination and Absorption Costs | 1,109 |
| Total Purchase Price | 44,900 |
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Millennium Apartment Homes [Member]
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| Business Acquisition [Line Items] | |
| Acquisition Date | Jun. 07, 2013 |
| Land | 2,772 |
| Building and Improvements | 30,014 |
| Tenant Origination and Absorption Costs | 814 |
| Total Purchase Price | $ 33,600 |