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RENTAL PROPERTIES (Details)
3 Months Ended
Mar. 31, 2025
USD ($)
item
property
Dec. 31, 2024
USD ($)
Mar. 31, 2024
USD ($)
Rental properties      
Total fixed assets $ 469,754,757 $ 461,409,491  
Less: Accumulated depreciation (186,757,051) (182,892,842)  
Total fixed assets, net 282,997,706 278,516,649  
Land, improvements and parking lots      
Rental properties      
Total fixed assets $ 101,397,349 101,397,349  
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 $ 280,080,887 279,272,215  
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 $ 23,194,891 16,758,245  
Kitchen cabinets      
Rental properties      
Total fixed assets $ 14,457,979 14,187,702  
Kitchen cabinets | Minimum      
Rental properties      
Useful Life 5 years    
Kitchen cabinets | Maximum      
Rental properties      
Useful Life 10 years    
Carpets      
Rental properties      
Total fixed assets $ 14,840,793 14,545,300  
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 $ 475,931 475,931  
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 $ 22,140,100 21,911,223  
Equipment | Minimum      
Rental properties      
Useful Life 5 years    
Equipment | Maximum      
Rental properties      
Useful Life 30 years    
Motor vehicles      
Rental properties      
Total fixed assets $ 236,697 236,697  
Motor vehicles | Maximum      
Rental properties      
Useful Life 5 years    
Fences      
Rental properties      
Total fixed assets $ 101,506 101,506  
Fences | Minimum      
Rental properties      
Useful Life 5 years    
Fences | Maximum      
Rental properties      
Useful Life 15 years    
Furniture and fixtures      
Rental properties      
Total fixed assets $ 9,352,755 $ 9,047,454  
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 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 3   3