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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, 2020
USD ($)
Mar. 31, 2019
USD ($)
property
Sep. 30, 2018
USD ($)
Dec. 31, 2019
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Investments in joint venture     $ 1,460,406 $ 1,801,702   $ 1,430,402
Number of units | property       1,033    
Outstanding amount of mortgage     284,905,564     $ 281,771,246
Distribution to the Partnership     1,169,173 $ 1,177,353    
Dexter Park            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Investments in joint venture   $ 15,925,000        
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     $ 11,692 $ 11,774    
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