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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton 1025) (Details)
9 Months Ended
Jul. 08, 2016
USD ($)
Mar. 02, 2005
USD ($)
item
Sep. 30, 2019
USD ($)
property
Dec. 31, 2018
USD ($)
Sep. 30, 2018
USD ($)
property
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Investments in joint venture     $ 1,439,724 $ 1,985,680 $ 1,804,747
Number of units | property         913
Unsold units | property         6
Number of units retained for long-term investment | property         (690)
Outstanding amount of mortgage     251,505,292 $ 252,370,843  
Hamilton 1025          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Investments in joint venture   $ 2,352,000 $ 51,910   $ 135,318
Ownership interest (as a percent)   50.00%     50.00%
Number of units   176 176   176
Number of units sold   127 306,000    
Unsold units | property         2
Number of units retained for long-term investment   49 (1)   (1)
Capital contributions $ 2,359,500        
Purchase price of investments   $ 23,750,000      
Gain on sale of assets     $ 2    
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