XML 47 R37.htm IDEA: XBRL DOCUMENT v3.19.2
RELATED PARTY TRANSACTIONS (Details)
3 Months Ended 6 Months Ended 12 Months Ended 24 Months Ended
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Jun. 30, 2019
USD ($)
item
Jun. 30, 2018
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2019
USD ($)
RELATED PARTY TRANSACTIONS            
Management fee as percentage of gross receipts rental revenue     4.00%      
Management fee as a percentage of gross receipts rental revenue of Linewt, LLC     3.00%      
Management fees of related party     $ 1,188,000 $ 1,150,000    
Management fee $ 597,197 $ 590,230 1,187,806 1,149,858    
Repairs and maintenance 2,287,313 2,315,040 4,231,544 4,129,323    
Administrative expense 626,180 548,645 1,238,938 1,087,790    
Employer contributions in 401K plan     $ 18,000      
Number of limited partnerships and limited liability companies in which the entity has invested | item     8      
Interest expense $ 3,133,439 $ 3,256,341 $ 6,133,728 6,240,552    
Dexter Park            
RELATED PARTY TRANSACTIONS            
Management fee as percentage of gross receipts rental revenue     2.00%      
President of Management Company            
RELATED PARTY TRANSACTIONS            
Quarterly fee for asset management consulting services       37,500    
Harold Brown | Minimum            
RELATED PARTY TRANSACTIONS            
Ownership interest (as a percent) 47.60%   47.60%      
Harold Brown | Maximum            
RELATED PARTY TRANSACTIONS            
Ownership interest (as a percent) 59.00%   59.00%      
General Partner or Management Company [Member]            
RELATED PARTY TRANSACTIONS            
Repairs and maintenance     $ 210,000      
Administrative expense     193,000      
Commercial brokerage fees     1,000      
Expenses for construction, architectural services and supervision of capital projects     189,000      
Costs related to professional services     593,000 666,000    
Management Company [Member]            
RELATED PARTY TRANSACTIONS            
Reimbursement to related party for payroll transfers     1,668,000 1,680,000    
Employer contributions in 401K plan     $ 18,000   $ 0  
Number of accounting staff of related party providing bookkeeping and accounting functions | item     14      
Fees for accounting and bookkeeping services     $ 62,500 $ 62,500    
Number of employees having ownership interest in the investment properties | item     5      
Fees for accounting and bookkeeping services per year           $ 125,000
Partially owned properties            
RELATED PARTY TRANSACTIONS            
Management fee as percentage of gross receipts rental revenue     4.00%      
Management fee     $ 327,000      
Repairs and maintenance     23,000      
Administrative expense     19,000      
Commercial brokerage fees     121,000      
Construction, architectural services and supervision of capital projects     73,000      
Amount paid to related party     $ 563,000      
Residential and mixed-use properties | Partially owned properties | Minimum            
RELATED PARTY TRANSACTIONS            
Ownership interest (as a percent) 40.00%   40.00%      
Residential and mixed-use properties | Partially owned properties | Maximum            
RELATED PARTY TRANSACTIONS            
Ownership interest (as a percent) 50.00%   50.00%