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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details)
1 Months Ended 6 Months Ended
Feb. 28, 2007
item
Jun. 30, 2017
USD ($)
property
item
Jun. 30, 2016
USD ($)
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 | $   $ 9,029,232   $ 8,336,505
Outstanding amount of mortgage | $   211,934,121   $ 212,709,080
Distribution to the Partnership | $   2,239,168 $ 1,873,850  
Investment Properties        
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES        
Investments in joint venture | $   $ 9,029,232 $ 7,079,963  
Number of units   1,033 1,033  
Number of units sold   278 245  
Number of units retained for long-term investment   (690) (786)  
Unsold units   65 2  
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 | $   $ 9,835,000    
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%