XML 65 R56.htm IDEA: XBRL DOCUMENT v3.22.1
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (345 Franklin) (Details)
1 Months Ended 3 Months Ended
Oct. 12, 2016
USD ($)
Jun. 30, 2013
USD ($)
Mar. 31, 2022
USD ($)
property
Mar. 31, 2021
USD ($)
property
Dec. 31, 2021
USD ($)
Nov. 30, 2001
USD ($)
item
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Investments in joint venture     $ 1,460,630   $ 1,455,888  
Repayment of loan $ 5,158,000          
Distribution to the Partnership     5,821,134 $ 1,168,860    
Outstanding amount of mortgage     $ 369,970,778   $ 370,481,390  
Maximum | Mortgages payable            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Interest rate (as a percent)     4.95%      
345 Franklin | Mortgages payable            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Outstanding amount of mortgage     $ 8,881,000      
345 Franklin            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Investments in joint venture           $ 1,533,000
Ownership interest (as a percent)       50.00%   50.00%
Number of units     40 40   40
Distribution to the Partnership   $ 1,610,000        
Outstanding amount of mortgage     $ 8,839,286 $ 9,048,329    
Legal obligation to fund operating results     $ 0      
345 Franklin | Mortgages payable            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Term of debt   15 years        
Interest rate (as a percent)   3.87%        
Period for which the entity is required to make interest only payments   3 years        
Amortization period of debt   30 years        
Repayment of loan   $ 6,776,000        
Borrowings   $ 10,000,000        
345 Franklin | Residential buildings            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Number of units | property     40 40