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MORTGAGE NOTES PAYABLE (Line of Credit) (Details)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jan. 22, 2020
USD ($)
Dec. 20, 2019
USD ($)
Sep. 30, 2015
Jul. 31, 2014
USD ($)
item
Aug. 31, 2014
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Dec. 31, 2005
Dec. 19, 2019
USD ($)
May 31, 2019
USD ($)
Mar. 07, 2005
item
Line of Credit                          
Interest expense           $ 3,423,583 $ 3,133,439 $ 6,873,908 $ 6,133,728        
Line Of Credit Facility Unused Capacity Commitment Fee               5,000          
Hamilton Essex 81                          
Line of Credit                          
Number of properties in which borrowing amount collateralized | item                         1
Residences at Captain Parkers LLC Residential Apartments Lexington, Massachusetts                          
Line of Credit                          
Loan amount                       $ 20,750,000  
Minimum                          
Line of Credit                          
Tangible net worth           150,000,000   $ 150,000,000          
Operating income to indebtedness ratio               9.50%          
Debt service coverage ratio               1.6          
Maximum                          
Line of Credit                          
Loan amount   $ 35,000,000                      
Leverage ratio               65.00%          
Aggregate increase in indebtedness               $ 15,000,000          
Mortgages payable | Hamilton Essex 81                          
Line of Credit                          
Term of debt     10 years                    
Mortgages payable | Hamilton on Main Apartments, LLC                          
Line of Credit                          
Term of debt         10 years         10 years      
Mortgages payable | LIBOR | Hamilton Essex 81                          
Line of Credit                          
Variable interest rate spread     2.18%                    
Line of Credit                          
Line of Credit                          
Maximum borrowings       $ 25,000,000                  
Term of debt       3 years                  
Loan amount                     $ 20,000,000    
Payment on line of credit $ 1,000,000 $ 2,000,000                      
Amount of refinancing costs           128,000   128,000          
Credit line balance           $ 17,000,000   $ 17,000,000          
Number of properties in which borrowing amount collateralized | item       23                  
Line of Credit | Federal Funds Rate                          
Line of Credit                          
Variable interest rate spread       0.50%                  
Line of Credit | LIBOR                          
Line of Credit                          
Additional applicable margin rate       2.50%                  
Variable interest rate spread       1.00%                  
Line of Credit | Minimum                          
Line of Credit                          
Pledged interest ownership percentage               49.00%          
Commitment fee for unused amount (as a percent)       0.15%                  
Line of Credit | Maximum                          
Line of Credit                          
Pledged interest ownership percentage               100.00%          
Commitment fee for unused amount (as a percent)       0.20%