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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton 1025) (Details)
12 Months Ended
Jul. 08, 2016
USD ($)
Mar. 02, 2005
USD ($)
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Dec. 31, 2018
USD ($)
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Dec. 31, 2017
USD ($)
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Dec. 31, 2016
USD ($)
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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Investments in joint venture | $     $ 1,985,680 $ 7,212,044 $ 8,336,505
Number of units     1,033 1,033 1,033
Number of units sold     16 29  
Unsold units     3 34 38
Number of units retained for long-term investment     (689) (689) (689)
Outstanding amount of mortgage | $     $ 252,370,843 $ 233,221,258  
Mortgages payable          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Outstanding amount of mortgage | $     252,371,000    
Hamilton 1025          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Investments in joint venture | $   $ 2,352,000 $ 188,090 $ 1,051,759 $ 2,097,151
Ownership interest (as a percent)   50.00% 50.00% 50.00% 50.00%
Number of units   176 176 176 176
Number of units sold   127 16 20  
Unsold units     2 17 37
Number of units retained for long-term investment   49      
Capital contributions | $ $ 2,359,500        
Number of units under a purchase and sale agreement     1    
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      
Purchase price of investments | $   $ 23,750,000      
Borrowings | $   $ 5,000,000      
Gain on sale of assets | $     $ 1,973,000 $ 2,380,000  
Hamilton 1025 | General Partnership          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Number of units     3    
Residential buildings          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Number of units     1,030 1,030 1,030
Residential buildings | Hamilton 1025          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Number of units     175 175 175