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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Dexter) (Details)
3 Months Ended
May 31, 2018
USD ($)
Oct. 28, 2009
USD ($)
item
Mar. 31, 2019
USD ($)
Sep. 30, 2018
USD ($)
Mar. 31, 2018
USD ($)
property
Dec. 31, 2018
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Investments in joint venture     $ 1,801,702   $ 6,986,470 $ 1,985,680
Number of units | property         1,033  
Outstanding amount of mortgage     251,953,066     $ 252,370,843
Distribution to the Partnership     1,177,353   $ 1,119,481  
Dexter Park            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Investments in joint venture   $ 15,925,000     $ 3,452,204  
Ownership interest (as a percent)   40.00%     40.00%  
Number of units   409     409  
Purchase price of investments   $ 129,500,000        
Outstanding amount of mortgage $ 82,000,000   125,000,000      
Distribution to the Partnership 41,200,000          
Dexter Park | Mortgages payable            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Loan amount   $ 89,914,000        
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        
John Hancock | Dexter Park            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Loan amount $ 125,000,000          
Interest rate (as a percent) 3.99%          
Defeasance cost       $ 3,830,000    
Defeasance cost (as a percent)       40.00%    
General Partnership            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Distribution to the Partnership     $ 11,774   $ 11,195  
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 | property         1,030  
Residential buildings | Dexter Park            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Number of units | property         409