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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton 1025) (Details)
Jul. 08, 2016
USD ($)
Mar. 02, 2005
USD ($)
item
Jun. 30, 2019
USD ($)
property
Dec. 31, 2018
USD ($)
Jun. 30, 2018
USD ($)
property
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Investments in joint venture | $     $ 1,610,362 $ 1,985,680 $ 2,298,596
Number of units | property         913
Unsold units | property         8
Number of units retained for long-term investment | property         (690)
Outstanding amount of mortgage | $     252,012,154 $ 252,370,843  
Hamilton 1025          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Investments in joint venture | $   $ 2,352,000 $ 168,958   $ 312,165
Ownership interest (as a percent)   50.00%     50.00%
Number of units   176 176   176
Number of units sold | item   127      
Unsold units | property         4
Number of units retained for long-term investment   49 (1)   (1)
Capital contributions | $ $ 2,359,500        
Purchase price of investments | $   $ 23,750,000      
Hamilton 1025 | Mortgages payable          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
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      
Borrowings | $   $ 5,000,000      
Residential buildings          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Number of units | property         910
Residential buildings | Hamilton 1025          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Number of units | property     175   175