FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2020

FAIR VALUE MEASUREMENTS

Schedule of carrying amounts and estimated fair value of debt

		Carrying Amount		Estimated Fair Value
Mortgage Notes Payable
Partnership Properties
At December 31, 2020	*	$	283,444,533	$	303,993,142
At December 31, 2019	*	$	281,771,246	$	290,892,652
Investment Properties
At December 31, 2020	*	$	166,308,029	$	179,647,759
At December 31, 2019	*	$	166,404,255	$	169,988,236