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MORTGAGE NOTES PAYABLE AND LINE OF CREDIT (Mortgage by property) (Details) - USD ($)
1 Months Ended 12 Months Ended
Sep. 30, 2015
Jul. 31, 2014
Aug. 31, 2014
Dec. 31, 2005
Mar. 31, 2016
Jan. 15, 2016
Jan. 07, 2016
Line of Credit              
MORTGAGE NOTES PAYABLE              
Term of debt   3 years          
Mortgage amount             $ 0
Residences at CaptainParkers LLC Residential Apartments Lexington, Massachusetts              
MORTGAGE NOTES PAYABLE              
Amount of loan proceeds utilized for pay off the existing mortgage           $ 2,000,000 23,000,000
Mortgages payable | Hamilton Essex 81              
MORTGAGE NOTES PAYABLE              
Term of debt 10 years            
Mortgage amount         $ 9,869,000    
Amount of loan proceeds utilized for pay off the existing mortgage $ 8,040,719            
Mortgages payable | Hamilton on Main Apartments, LLC              
MORTGAGE NOTES PAYABLE              
Term of debt     10 years 10 years      
Mortgage amount         $ 16,765,000    
Interest rate (as a percent)     4.34% 5.18%      
Period for which the entity is required to make interest only payments       3 years      
Amortization period of debt       30 years      
Amount of loan proceeds utilized for pay off the existing mortgage     $ 15,205,000        
Mortgages payable | Residences at CaptainParkers LLC Residential Apartments Lexington, Massachusetts              
MORTGAGE NOTES PAYABLE              
Mortgage amount             $ 20,071,000
Mortgages payable | Minimum              
MORTGAGE NOTES PAYABLE              
Interest rate (as a percent)         2.45%    
Mortgages payable | Maximum              
MORTGAGE NOTES PAYABLE              
Interest rate (as a percent)         5.97%