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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton Essex) (Details)
12 Months Ended
Sep. 30, 2015
USD ($)
Sep. 28, 2015
USD ($)
Mar. 07, 2005
USD ($)
item
Dec. 31, 2017
USD ($)
item
Dec. 31, 2016
USD ($)
item
Dec. 31, 2015
USD ($)
item
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Investments in joint venture       $ 7,212,044 $ 8,336,505 $ 7,819,162
Number of units | item           1,033
Distribution to the Partnership       7,985,835 6,729,679 $ 3,785,883
Mortgage Notes Payable       $ 233,221,258 $ 212,709,080  
Hamilton Essex Development, LLC and Hamilton Essex 81, LLC            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Investments in joint venture     $ 2,000,000      
Ownership interest (as a percent)     50.00%      
Purchase price of real estate properties     $ 14,300,000      
Hamilton Essex 81            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Ownership interest (as a percent)         50.00% 50.00%
Number of units | item       49 49 49
Capital contributions   $ 100,000        
Distribution to the Partnership $ 978,193          
Hamilton Essex 81 | Maximum            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Carrying value 0          
Hamilton Essex Development            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Investments in joint venture           $ 1,316,782
Ownership interest (as a percent)         50.00% 50.00%
Number of units | item       1 1 1
Capital contributions   978,193        
Hamilton Essex Development, LLC and Hamilton Essex 81, LLC | Mortgage, March 2005            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Repayment of loan $ 8,040,719          
Hamilton Essex 81            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Mortgage Notes Payable       $ 10,000,000    
Hamilton Essex 81 | LIBOR | Mortgage, 2.18% Plus LIBOR, September 2015            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Margin over basis of interest rate (as a percent) 2.18%          
Basis of interest rate one month LIBOR          
Hamilton Essex 81 | Hamilton Essex 81 | Mortgage, 2.18% Plus LIBOR, September 2015            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Term of debt 10 years          
Hamilton Essex Development | Mortgage, March 2005            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Repayment of loan   $ 1,952,286        
Residential buildings            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Number of units | item           1,030
Residential buildings | Hamilton Essex 81            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Number of units | item       48 48 48
Apartment | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Number of units | item     48      
Commercial            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Number of units | item           3
Commercial | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Number of units | item     1      
Commercial | Hamilton Essex 81            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Number of units | item       1 1 1
Commercial | Hamilton Essex Development            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Number of units | item       1 1 1
Car parking lot | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Capacity of real estate property (in cars per lot) | item     50      
Mortgages payable            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Mortgage Notes Payable       $ 233,221,000    
Mortgages payable | Maximum            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Interest rate (as a percent)       5.97%