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RENTAL PROPERTIES (Details)
6 Months Ended
Jun. 30, 2015
USD ($)
item
Dec. 31, 2014
USD ($)
Rental properties    
Total fixed assets $ 227,453,571 $ 225,021,946
Less: Accumulated depreciation (80,770,875) (75,905,862)
Total fixed assets, net 146,682,696 149,116,084
Land, improvements and parking lots    
Rental properties    
Total fixed assets, net $ 44,694,293 44,541,471
Land, improvements and parking lots | Minimum    
Rental properties    
Useful Life 15 years  
Land, improvements and parking lots | Maximum    
Rental properties    
Useful Life 40 years  
Buildings and Improvements    
Rental properties    
Total fixed assets, net $ 153,905,317 153,059,430
Buildings and Improvements | Minimum    
Rental properties    
Useful Life 15 years  
Buildings and Improvements | Maximum    
Rental properties    
Useful Life 40 years  
Kitchen cabinets    
Rental properties    
Total fixed assets, net $ 7,406,845 6,865,348
Kitchen cabinets | Minimum    
Rental properties    
Useful Life 5 years  
Kitchen cabinets | Maximum    
Rental properties    
Useful Life 10 years  
Carpets    
Rental properties    
Total fixed assets, net $ 6,722,293 6,341,227
Carpets | Minimum    
Rental properties    
Useful Life 5 years  
Carpets | Maximum    
Rental properties    
Useful Life 10 years  
Air conditioning    
Rental properties    
Total fixed assets, net $ 721,937 705,116
Air conditioning | Minimum    
Rental properties    
Useful Life 5 years  
Air conditioning | Maximum    
Rental properties    
Useful Life 10 years  
Laundry equipment    
Rental properties    
Total fixed assets, net $ 236,283 147,721
Laundry equipment | Minimum    
Rental properties    
Useful Life 5 years  
Laundry equipment | Maximum    
Rental properties    
Useful Life 7 years  
Elevators    
Rental properties    
Total fixed assets, net $ 1,139,296 1,139,296
Elevators | Minimum    
Rental properties    
Useful Life 20 years  
Elevators | Maximum    
Rental properties    
Useful Life 40 years  
Swimming pools    
Rental properties    
Total fixed assets, net $ 444,629 444,629
Swimming pools | Minimum    
Rental properties    
Useful Life 10 years  
Swimming pools | Maximum    
Rental properties    
Useful Life 30 years  
Equipment    
Rental properties    
Total fixed assets, net $ 5,653,232 5,491,992
Equipment | Minimum    
Rental properties    
Useful Life 5 years  
Equipment | Maximum    
Rental properties    
Useful Life 7 years  
Motor vehicles    
Rental properties    
Total fixed assets, net $ 130,859 130,563
Motor vehicles | Maximum    
Rental properties    
Useful Life 5 years  
Fences    
Rental properties    
Total fixed assets, net $ 24,670 24,670
Fences | Minimum    
Rental properties    
Useful Life 5 years  
Fences | Maximum    
Rental properties    
Useful Life 15 years  
Furniture and fixtures    
Rental properties    
Total fixed assets, net $ 6,153,480 5,910,046
Furniture and fixtures | Minimum    
Rental properties    
Useful Life 5 years  
Furniture and fixtures | Maximum    
Rental properties    
Useful Life 7 years  
Smoke alarms    
Rental properties    
Total fixed assets, net $ 220,437 $ 220,437
Smoke alarms | Minimum    
Rental properties    
Useful Life 5 years  
Smoke alarms | Maximum    
Rental properties    
Useful Life 7 years  
Residential and mixed-use properties    
RENTAL PROPERTIES    
Total | item 2,412  
Number of properties | item 20  
Residential and mixed-use properties | Partially owned properties    
RENTAL PROPERTIES    
Total | item 790  
Number of properties | item 9  
Residential and mixed-use properties | Partially owned properties | Minimum    
RENTAL PROPERTIES    
Percentage of ownership interest 40.00%  
Residential and mixed-use properties | Partially owned properties | Maximum    
RENTAL PROPERTIES    
Percentage of ownership interest 50.00%  
Condominium    
RENTAL PROPERTIES    
Total | item 19