XML 71 R40.htm IDEA: XBRL DOCUMENT v3.3.1.900
RENTAL PROPERTIES (Details)
 24 Months Ended
Dec. 31, 2015
USD ($)
property
item
Jan. 07, 2016
item
Sep. 18, 2015
item
Dec. 31, 2014
USD ($)
item
Dec. 31, 2013
item
Rental properties          
Total fixed assets $ 261,276,898     $ 225,021,946  
Less: Accumulated depreciation (84,579,584)     (75,905,862)  
Total fixed assets, net 176,697,314     149,116,084  
Land, improvements and parking lots          
Rental properties          
Total fixed assets $ 52,852,877     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 $ 172,277,299     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 $ 8,493,696     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 $ 7,361,966     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 $ 718,531     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 $ 244,771     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 $ 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 $ 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 $ 9,502,977     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 $ 130,563     130,563  
Useful Life 5 years        
Fences          
Rental properties          
Total fixed assets $ 38,115     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 $ 7,855,351     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 $ 216,827     $ 220,437  
Smoke alarms | Minimum          
Rental properties          
Useful Life 5 years        
Smoke alarms | Maximum          
Rental properties          
Useful Life 7 years        
Residences at CaptainParkers LLC Residential Apartments Lexington, Massachusetts          
RENTAL PROPERTIES          
Number of units | item   94 94    
Wholly owned properties          
RENTAL PROPERTIES          
Number of properties | property 25        
Investment Properties          
RENTAL PROPERTIES          
Number of units | item 1,033     1,033 1,033
Investment Properties | Minimum          
RENTAL PROPERTIES          
Ownership interest (as a percent) 40.00%        
Investment Properties | Maximum          
RENTAL PROPERTIES          
Ownership interest (as a percent) 50.00%        
Residential and mixed-use properties | Wholly owned properties          
RENTAL PROPERTIES          
Number of units | item 2,506        
Number of properties | property 21        
Residential and mixed-use properties | Partially owned properties          
RENTAL PROPERTIES          
Number of units | item 788        
Number of properties | item 9        
Residential and mixed-use properties | Investment Properties | Partially owned properties          
RENTAL PROPERTIES          
Number of properties | item 9        
Residential and mixed-use properties | Investment Properties | Partially owned properties | Minimum          
RENTAL PROPERTIES          
Ownership interest (as a percent) 40.00%        
Residential and mixed-use properties | Investment Properties | Partially owned properties | Maximum          
RENTAL PROPERTIES          
Ownership interest (as a percent) 50.00%        
Condominium | Wholly owned properties          
RENTAL PROPERTIES          
Number of units | item 19        
Number of properties | property 1