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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton 1025) (Details)
Jul. 08, 2016
USD ($)
Mar. 02, 2005
USD ($)
item
Jul. 14, 2023
property
Jun. 30, 2023
USD ($)
property
Dec. 31, 2022
USD ($)
Jun. 30, 2022
property
Mar. 05, 2005
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture       $ 1,435,154 $ 1,437,387    
Outstanding amount of mortgage       $ 409,834,512 $ 410,966,199    
Hamilton 1025              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units   176   176   176  
Number of units sold | item   127          
Number of units retained for long-term investment   49   (1)   (1)  
Capital contributions $ 2,359,500            
Hamilton 1025 | Mortgages payable              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Term of debt   10 years          
Interest rate (as a percent)   5.67%          
Period for which the entity is required to make interest only payments   5 years          
Amortization period of debt   30 years          
Borrowings   $ 5,000,000          
Hamilton 1025              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture   $ 2,352,000          
Ownership interest (as a percent)   50.00%          
Purchase price of investments             $ 23,750,000
Residential buildings | Subsequent event              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | property     52        
Residential buildings | Hamilton 1025              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | property       175   175