INVESTMENT IN UNCONSOLIDATED JOINT VENTURES - Results from Operations of the Unconsolidated Joint Ventures (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Results from Operations
Total revenues	$ 26,058,808	$ 36,135,088	$ 17,373,332
Total expenses	16,863,743	10,553,956	5,800,282
Net income	9,195,065	25,581,132	11,573,050
Financial Position
Total assets	118,761,580	190,415,719
Total liabilities	81,072,965	112,808,701
Partners’/members’ capital	$ 37,688,615	$ 77,607,018