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Real Estate Assets Owned by Partnership (Details)
Mar. 31, 2017
USD ($)
Unit
Dec. 31, 2016
USD ($)
Unit
Real Estate [Line Items]    
Land and Land Improvements $ 13,626,868 $ 17,354,587
Buildings and improvements 105,088,950 113,089,041
Carrying Value 118,715,818 130,443,628
Accumulated depreciation (15,101,930) (16,217,028)
Net real estate assets $ 103,613,888 $ 114,226,600
Eagle Village [Member]    
Real Estate [Line Items]    
Number of Units | Unit 511 511
Land and Land Improvements $ 567,880 $ 567,880
Buildings and improvements 12,661,690 12,655,244
Carrying Value $ 13,229,570 $ 13,223,124
Northern View [Member]    
Real Estate [Line Items]    
Number of Units | Unit   294
Land and Land Improvements   $ 688,539
Buildings and improvements   8,088,059
Carrying Value   $ 8,776,598
Residences at DeCordova [Member]    
Real Estate [Line Items]    
Number of Units | Unit 110 110
Land and Land Improvements $ 1,170,337 $ 1,170,337
Buildings and improvements 8,036,532 8,029,404
Carrying Value $ 9,206,869 $ 9,199,741
Residences at Weatherford [Member]    
Real Estate [Line Items]    
Number of Units | Unit 76 76
Land and Land Improvements $ 1,942,229 $ 1,942,229
Buildings and improvements 5,757,148 5,751,260
Carrying Value $ 7,699,377 $ 7,693,489
Suites on Paseo [Member]    
Real Estate [Line Items]    
Number of Units | Unit 394 394
Land and Land Improvements $ 3,162,463 $ 3,162,463
Buildings and improvements 38,387,617 38,365,351
Carrying Value $ 41,550,080 $ 41,527,814
The 50/50 Student Housing--UNL [Member]    
Real Estate [Line Items]    
Number of Units | Unit 475 475
Buildings and improvements $ 32,928,878 $ 32,928,878
Carrying Value 32,928,878 32,928,878
Land Held for Development [Member]    
Real Estate [Line Items]    
Land and Land Improvements 4,491,925 7,531,104
Carrying Value $ 4,491,925 $ 7,531,104
Jade Park [Member]    
Real Estate [Line Items]    
Number of Units | Unit 144 144
Land and Land Improvements $ 2,292,035 $ 2,292,035
Buildings and improvements 7,317,084 7,270,845
Carrying Value $ 9,609,119 $ 9,562,880