INTEREST RATE SWAP DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments [Table Text Block]

The following table summarizes the notional amount and other information related to the Company’s interest rate swaps as of December 31, 2017. The notional amount is an indication of the extent of the Company’s involvement in each instrument at that time, but does not represent exposure to credit, interest rate or market risks:

	December 31, 2017
Derivative Instruments	Number of Instruments		Notional Amount (i)		Reference Rate as of 6/30/2016	Weighted Average Fixed Pay Rate			Weighted Average Remaining Term
Interest Rate Swap Derivatives		2	$	10,620,000	One-month LIBOR + applicable spread/Fixed at 4.05% -4.34%		4.21	%	7.21 years

(i) The notional amount of the Company’s swaps decreases each month to correspond to the outstanding principal balance on the related mortgage. The minimum notional amount (outstanding principal balance at the maturity date) as of December 31, 2017 was $9,083,700.

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table sets forth the fair value of the Company’s derivative instruments (Level 2 measurement), as well as their classification in the consolidated balance sheet as of December 31, 2017:

Derivative Instrument	Balance Sheet Location	Number of Instruments		Fair Value
Interest Rate Swaps	Asset – Interest rate swap derivatives, at fair value		2	$	7,899