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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 ($)
Feb. 28, 2007
USD ($)
Dec. 31, 2020
USD ($)
item
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
item
Oct. 03, 2005
USD ($)
item
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Investments in joint venture     $ 1,410,769 $ 1,430,402    
Outstanding amount of mortgage     $ 283,444,533 $ 281,771,246    
Hamilton Bay Apts            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Investments in joint venture         $ 369,689 $ 2,500,000
Ownership interest (as a percent)         50.00% 50.00%
Number of units | item         48 168
Number of units sold | item     3     120
Number of units retained for long-term investment | item           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 | item         1  
Purchase price of investments           $ 30,875,000
Borrowings   $ 4,750,000        
Residential buildings | Hamilton Bay Apts            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Number of units | item         48  
Mortgages payable            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Outstanding amount of mortgage     $ 283,445,000      
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%