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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Dexter) (Details)
3 Months Ended 6 Months Ended
May 31, 2018
USD ($)
Oct. 28, 2009
USD ($)
item
Sep. 30, 2018
USD ($)
Jun. 30, 2020
USD ($)
property
Jun. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Investments in joint venture       $ 1,453,894   $ 1,430,402
Outstanding amount of mortgage       284,402,031   $ 281,771,246
Distribution to the Partnership       $ 2,338,034 $ 2,352,443  
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   409 409  
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       $ 23,380 $ 23,524  
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 | Dexter Park            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Number of units       409 409