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Mortgage Payable and Other Secured Financing by Property Net of Deferred Financing Costs (Details) - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2017
Dec. 31, 2016
Mortgage Loans on Real Estate [Line Items]    
Outstanding Mortgage Payable, net $ 50,778,452 $ 51,379,512
Period End Rate 4.14% 3.83%
Real Estate [Member] | Eagle Village [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Mortgage Payable, net $ 7,750,076 $ 7,845,711
Year Acquired 2010 2010
Debt instrument, maturity date Sep. 01, 2018 Sep. 01, 2018
Variable / Fixed Variable Variable
Reset Frequency Monthly Monthly
Variable Based Rate [1] 1.06% 0.63%
Facility Fees 3.00% 3.00%
Period End Rate 4.06% 3.63%
Real Estate [Member] | Residences at DeCordova [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Mortgage Payable, net $ 1,715,750 $ 1,744,858
Year Acquired 2012 2012
Debt instrument, maturity date Jun. 01, 2019 Jun. 01, 2017
Variable / Fixed Fixed Fixed
Reset Frequency N/A N/A
Period End Rate 4.75% 4.75%
Real Estate [Member] | Residences at Weatherford [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Mortgage Payable, net $ 5,487,912 $ 5,589,086
Year Acquired 2011 2011
Debt instrument, maturity date Jun. 01, 2019 Jun. 01, 2017
Variable / Fixed Fixed Fixed
Reset Frequency N/A N/A
Period End Rate 4.75% 4.75%
Real Estate [Member] | Jade Park [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Mortgage Payable, net $ 7,464,772 $ 7,461,131
Year Acquired 2016 2016
Debt instrument, maturity date Oct. 01, 2021 Oct. 01, 2021
Variable / Fixed Fixed Fixed
Reset Frequency N/A N/A
Period End Rate 3.85% 3.85%
Tax Increment Financing [Member] | Real Estate [Member] | The 50/50 Student Housing--UNL [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Mortgage Payable, net $ 3,463,331 $ 3,656,090
Year Acquired 2014 2014
Debt instrument, maturity date Dec. 01, 2019 Dec. 01, 2019
Variable / Fixed Fixed Fixed
Reset Frequency N/A N/A
Period End Rate 4.65% 4.65%
Mortgages payable [Member] | Real Estate [Member] | The 50/50 Student Housing--UNL [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Mortgage Payable, net $ 24,896,611 $ 25,082,636
Year Acquired 2013 2013
Debt instrument, maturity date Mar. 01, 2020 Mar. 01, 2020
Variable / Fixed Variable Variable
Reset Frequency Monthly Monthly
Variable Based Rate [2] 4.00% 3.50%
Period End Rate 4.00% 3.50%
[1] Variable rate is based on 30-day LIBOR
[2] Variable rate is based on Wall Street Journal Prime Rate