FAIR VALUE MEASUREMENTS (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Mortgage Notes Payable
Carrying Amount	$ 196,005,736	$ 196,071,540
Wholly owned properties
Mortgage Notes Payable
Carrying Amount	196,005,736	196,071,540
Estimated Fair Value	209,943,632	210,691,170
Partially owned properties
Mortgage Notes Payable
Carrying Amount	137,039,601	137,910,870
Estimated Fair Value	$ 146,494,182	$ 147,843,221