XML 81 R70.htm IDEA: XBRL DOCUMENT v3.22.0.1
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
May 31, 2018
Annual maturities of mortgage debt        
Secured Debt $ 370,481,390 $ 283,444,533    
Weighted average interest rate (as a percent) 3.91%      
Effective interest rate (as a percent) 3.97%      
Investment Properties        
Annual maturities of mortgage debt        
2022-current maturities $ 222,044      
2023 230,792      
2024 17,139,883      
2025 10,249,333      
2026 259,156      
Thereafter 138,734,404      
Total 166,835,612      
Less: unamortized deferred financing costs (631,905)      
Secured Debt 166,203,707 166,308,029 $ 166,404,256  
Hamilton Essex 81        
Annual maturities of mortgage debt        
2025 10,000,000      
Total 10,000,000      
Less: unamortized deferred financing costs (51,709)      
Secured Debt 9,948,291 9,934,502 9,920,713  
345 Franklin        
Annual maturities of mortgage debt        
2022-current maturities 222,044      
2023 230,792      
2024 239,883      
2025 249,333      
2026 259,156      
Thereafter 7,734,404      
Total 8,935,612      
Less: unamortized deferred financing costs (43,281)      
Secured Debt 8,892,331 9,099,301 9,298,174  
Hamilton Minuteman        
Annual maturities of mortgage debt        
Thereafter 6,000,000      
Total 6,000,000      
Less: unamortized deferred financing costs (79,448)      
Secured Debt 5,920,552 5,912,368 5,904,185  
Hamilton on Main Apts        
Annual maturities of mortgage debt        
2024 16,900,000      
Total 16,900,000      
Less: unamortized deferred financing costs (42,803)      
Secured Debt 16,857,197 16,841,145 16,825,094  
Dexter Park        
Annual maturities of mortgage debt        
Thereafter 125,000,000      
Total 125,000,000      
Less: unamortized deferred financing costs (414,664)      
Secured Debt $ 124,585,336 $ 124,520,713 $ 124,456,090 $ 82,000,000