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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton Minuteman) (Details)
1 Months Ended 3 Months Ended
Jan. 31, 2007
USD ($)
Oct. 31, 2004
USD ($)
Mar. 31, 2016
USD ($)
item
Mar. 31, 2015
USD ($)
item
Dec. 31, 2015
USD ($)
Dec. 31, 2006
USD ($)
Sep. 30, 2004
USD ($)
item
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture     $ 7,440,487   $ 7,819,162    
Distribution to the Partnership     936,925 $ 951,330      
Outstanding amount of mortgage     214,311,243   $ 194,500,820    
Hamilton Minuteman              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture     $ 523,728 $ 601,920     $ 5,075,000
Ownership interest (as a percent)             50.00%
Number of units | item     42 42     42
Cash contribution by the entity towards loan           $ 1,250,000  
Purchase price of investments             $ 10,100,000
Amount returned to partnership   $ 3,775,000          
Residential buildings | Hamilton Minuteman              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | item     42 42      
Mortgages payable | Hamilton Minuteman              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Term of debt 10 years            
Interest rate (as a percent) 5.67%            
Period for which the entity is required to make interest only payments 5 years            
Amortization period of debt 30 years            
Outstanding amount of mortgage     $ 5,189,000        
Borrowings $ 5,500,000 $ 8,025,000