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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details)
1 Months Ended 3 Months Ended
Feb. 28, 2007
item
Mar. 31, 2017
USD ($)
property
item
Mar. 31, 2016
USD ($)
property
Dec. 31, 2016
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES        
Number of limited partnerships and limited liability companies in which the entity has invested | item   9    
Number of partnerships investing in commercial property | item   3    
Investments in joint venture | $   $ 9,955,145   $ 8,336,505
Outstanding amount of mortgage | $   212,322,196   $ 212,709,080
Distribution to the Partnership | $   1,119,687 $ 936,925  
Investment Properties        
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES        
Investments in joint venture | $   $ 9,955,145 $ 7,440,487  
Number of units   1,033 1,033  
Number of units sold   264 244  
Number of units retained for long-term investment   (690) (786)  
Unsold units   79 3  
Hamilton Bay Apts        
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES        
Number of units refinanced | item 48      
345 Franklin | Mortgages payable        
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES        
Outstanding amount of mortgage | $   $ 9,881,000    
Condominium        
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES        
Number of units | item   19    
Residential buildings | Investment Properties        
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES        
Number of units   1,030 1,030  
Commercial | Investment Properties        
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES        
Number of units   3 3  
Minimum | Mortgages payable        
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES        
Interest rate (as a percent)   2.80%    
Minimum | Harold Brown        
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES        
Ownership interest (as a percent)   43.20%    
Maximum | Mortgages payable        
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES        
Interest rate (as a percent)   5.97%    
Maximum | Harold Brown        
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES        
Ownership interest (as a percent)   56.00%