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RENTAL PROPERTIES (Details)
6 Months Ended
Jun. 30, 2024
USD ($)
property
item
Dec. 31, 2023
USD ($)
Jun. 30, 2023
property
Rental properties      
Total fixed assets $ 449,923,850 $ 440,496,897  
Less: Accumulated depreciation (178,852,565) (170,691,951)  
Total fixed assets, net 271,071,285 269,804,946  
Land, improvements and parking lots      
Rental properties      
Total fixed assets $ 99,249,928 99,162,143  
Land, improvements and parking lots | Minimum      
Rental properties      
Useful Life 15 years    
Land, improvements and parking lots | Maximum      
Rental properties      
Useful Life 40 years    
Buildings and improvements      
Rental properties      
Total fixed assets $ 276,824,808 276,167,618  
Buildings and improvements | Minimum      
Rental properties      
Useful Life 15 years    
Buildings and improvements | Maximum      
Rental properties      
Useful Life 40 years    
Construction in Progress      
Rental properties      
Total fixed assets $ 8,391,993 1,818,716  
Kitchen cabinets      
Rental properties      
Total fixed assets $ 16,593,160 16,137,828  
Kitchen cabinets | Minimum      
Rental properties      
Useful Life 5 years    
Kitchen cabinets | Maximum      
Rental properties      
Useful Life 10 years    
Carpets      
Rental properties      
Total fixed assets $ 13,928,453 13,127,838  
Carpets | Minimum      
Rental properties      
Useful Life 5 years    
Carpets | Maximum      
Rental properties      
Useful Life 10 years    
Air conditioning      
Rental properties      
Total fixed assets $ 500,000 500,000  
Air conditioning | Minimum      
Rental properties      
Useful Life 5 years    
Air conditioning | Maximum      
Rental properties      
Useful Life 10 years    
Laundry Equipment      
Rental properties      
Total fixed assets $ 594,010 568,716  
Laundry Equipment | Minimum      
Rental properties      
Useful Life 5 years    
Laundry Equipment | Maximum      
Rental properties      
Useful Life 7 years    
Elevators      
Rental properties      
Total fixed assets $ 1,885,265 1,885,265  
Elevators | Minimum      
Rental properties      
Useful Life 20 years    
Elevators | Maximum      
Rental properties      
Useful Life 40 years    
Swimming pools      
Rental properties      
Total fixed assets $ 1,090,604 1,090,604  
Swimming pools | Minimum      
Rental properties      
Useful Life 10 years    
Swimming pools | Maximum      
Rental properties      
Useful Life 30 years    
Equipment      
Rental properties      
Total fixed assets $ 21,749,687 21,348,556  
Equipment | Minimum      
Rental properties      
Useful Life 5 years    
Equipment | Maximum      
Rental properties      
Useful Life 30 years    
Motor vehicles      
Rental properties      
Total fixed assets $ 232,954 232,954  
Motor vehicles | Maximum      
Rental properties      
Useful Life 5 years    
Fences      
Rental properties      
Total fixed assets $ 91,620 91,620  
Fences | Minimum      
Rental properties      
Useful Life 5 years    
Fences | Maximum      
Rental properties      
Useful Life 15 years    
Furniture and fixtures      
Rental properties      
Total fixed assets $ 8,791,368 $ 8,365,039  
Furniture and fixtures | Minimum      
Rental properties      
Useful Life 5 years    
Furniture and fixtures | Maximum      
Rental properties      
Useful Life 7 years    
Partnership properties      
RENTAL PROPERTIES      
Number of properties | property 31    
Investment Properties      
RENTAL PROPERTIES      
Number of units | property 690   690
NERA 40%      
RENTAL PROPERTIES      
Ownership interest (as a percent) 40.00%   40.00%
NERA 50%      
RENTAL PROPERTIES      
Ownership interest (as a percent) 50.00%   50.00%
Residential and mixed-use properties | Partnership properties      
RENTAL PROPERTIES      
Number of units | item 2,943    
Number of properties | property 27    
Residential and mixed-use properties | Investment properties      
RENTAL PROPERTIES      
Number of units | item 688    
Residential and mixed-use properties | Investment Properties | Investment properties      
RENTAL PROPERTIES      
Number of properties | item 7    
Residential and mixed-use properties | NERA 40% | Investment properties | Minimum      
RENTAL PROPERTIES      
Ownership interest (as a percent) 40.00%    
Residential and mixed-use properties | NERA 50% | Investment properties | Maximum      
RENTAL PROPERTIES      
Ownership interest (as a percent) 50.00%    
Condominium | Partnership properties      
RENTAL PROPERTIES      
Number of units | item 19    
Number of properties | property 1    
Commercial      
RENTAL PROPERTIES      
Number of properties | item 2    
Commercial | Partnership properties      
RENTAL PROPERTIES      
Number of properties | property 4    
Commercial | Investment Properties      
RENTAL PROPERTIES      
Number of units | property 3   3