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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Dexter) (Details)
1 Months Ended 3 Months Ended 6 Months Ended
May 31, 2018
USD ($)
Oct. 28, 2009
USD ($)
item
Feb. 28, 2007
USD ($)
Jun. 30, 2018
USD ($)
Jun. 30, 2018
USD ($)
Jun. 30, 2017
USD ($)
item
Dec. 31, 2017
USD ($)
Mar. 01, 2017
USD ($)
Oct. 03, 2005
USD ($)
item
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                  
Investments in joint venture       $ 2,298,588 $ 2,298,588 $ 9,029,233 $ 7,212,044    
Number of units | item           1,033      
Outstanding amount of mortgage       253,185,372 253,185,372   $ 233,221,258    
Distribution to the Partnership         2,238,962 $ 2,239,168      
Dexter Park                  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                  
Investments in joint venture   $ 15,925,000       $ 2,824,225      
Ownership interest (as a percent)   40.00%       40.00%      
Number of units | item   409       409      
Outstanding amount of mortgage $ 82,000,000     125,000,000 $ 125,000,000        
Purchase price of investments   $ 129,500,000              
Distribution to the Partnership $ 41,200,000                
Dexter Park | Mortgages payable                  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                  
Interest rate (as a percent)   5.57%              
Period for which the entity is required to make interest only payments   2 years              
Amortization period of debt   30 years              
Borrowings   $ 89,914,000              
Hamilton Bay Apts                  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                  
Investments in joint venture           $ 2,473,933     $ 2,500,000
Ownership interest (as a percent)           50.00%     50.00%
Number of units | item           48     168
Interest rate (as a percent)     5.57%            
Period for which the entity is required to make interest only payments     5 years            
Amortization period of debt     30 years            
Purchase price of investments                 $ 30,875,000
Borrowings     $ 4,750,000            
Hamilton Bay Apts | Mortgages payable                  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                  
Outstanding amount of mortgage               $ 2,222,000  
John Hancock | Dexter Park                  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                  
Interest rate (as a percent) 3.99%                
Defeasance cost       $ 3,830,000          
Defeasance cost (as a percent)       40.00% 40.00%        
Loan amount $ 125,000,000                
General Partnership                  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                  
Distribution to the Partnership         $ 22,390 $ 22,392      
General Partnership | Dexter Park                  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                  
Distribution to the Partnership $ 16,500,000                
General Partnership | John Hancock | Dexter Park                  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                  
Defeasance cost       $ 1,532,000          
Residential buildings                  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                  
Number of units | item           1,030      
Residential buildings | Dexter Park                  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                  
Number of units | item           409      
Residential buildings | Hamilton Bay Apts                  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                  
Number of units | item           48