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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton Bay Apts and Sales) (Details)
1 Months Ended 12 Months Ended
Mar. 01, 2017
USD ($)
Feb. 28, 2007
USD ($)
item
Dec. 31, 2019
USD ($)
item
Jun. 30, 2020
USD ($)
Dec. 20, 2019
USD ($)
Jun. 30, 2019
USD ($)
Oct. 03, 2005
USD ($)
item
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture     $ 1,430,402 $ 1,453,894      
Outstanding amount of mortgage     $ 281,771,246 $ 284,402,031      
Hamilton Bay Apts              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture           $ 10,327 $ 2,500,000
Ownership interest (as a percent)           50.00% 50.00%
Number of units           48 168
Number of units sold | item     3       120
Number of units retained for long-term investment | item   48         48
Term of debt   10 years          
Interest rate (as a percent)   5.57%          
Period for which the entity is required to make interest only payments   5 years          
Amortization period of debt   30 years          
Capital contributions $ 2,222,000            
Gain on sale of assets     $ 429,000        
Unsold units           4  
Purchase price of investments             $ 30,875,000
Mortgage amount   $ 4,750,000          
Residential buildings | Hamilton Bay Apts              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units           48  
Maximum              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Mortgage amount         $ 35,000,000    
Mortgages payable | Minimum              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Interest rate (as a percent)       3.53%      
Mortgages payable | Maximum              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Interest rate (as a percent)       5.66%