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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton Essex) (Details)
12 Months Ended
Sep. 30, 2015
USD ($)
Sep. 28, 2015
USD ($)
Mar. 07, 2005
USD ($)
item
Dec. 31, 2016
USD ($)
item
Dec. 31, 2015
USD ($)
item
Dec. 31, 2014
USD ($)
item
Mar. 31, 2005
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture       $ 8,336,505 $ 7,819,162 $ 8,807,868  
Number of units | item           1,033  
Distribution to the Partnership       6,729,679 3,785,883 $ 3,858,386  
Mortgage Notes Payable       $ 212,709,080 $ 194,500,820    
Hamilton Essex Development, LLC and Hamilton Essex 81, LLC              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture     $ 2,000,000        
Ownership interest (as a percent)     50.00%        
Purchase price of real estate properties     $ 14,300,000        
Hamilton Essex 81              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture           $ 331,734  
Ownership interest (as a percent)         50.00% 50.00%  
Number of units | item       49 49 49  
Capital contributions   $ 100,000          
Distribution to the Partnership $ 978,193            
Hamilton Essex Development              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture           $ 318,995  
Ownership interest (as a percent)         50.00% 50.00%  
Number of units | item       1 1 1  
Capital contributions   978,193          
Hamilton Essex Development, LLC and Hamilton Essex 81, LLC | Mortgage, March 2005              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Mortgage amount             $ 10,750,000
Repayment of loan 8,040,719            
Hamilton Essex 81              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Mortgage Notes Payable       $ 10,000,000      
Hamilton Essex 81 | Mortgage, 2.18% Plus LIBOR, September 2015              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Mortgage amount $ 10,000,000            
Hamilton Essex 81 | LIBOR | Mortgage, 2.18% Plus LIBOR, September 2015              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Margin over basis of interest rate (as a percent) 2.18%            
Basis of interest rate one month LIBOR            
Hamilton Essex 81 | Hamilton Essex 81 | Mortgage, 2.18% Plus LIBOR, September 2015              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Term of debt 10 years            
Hamilton Essex Development | Mortgage, March 2005              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Repayment of loan   $ 1,952,286          
Residential buildings              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | item           1,030  
Residential buildings | Hamilton Essex 81              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | item       48 48 48  
Apartment | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | item     48        
Commercial              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | item           3  
Commercial | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | item     1        
Commercial | Hamilton Essex 81              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | item       1 1 1  
Commercial | Hamilton Essex Development              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | item       1 1 1  
Car parking lot | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Capacity of real estate property (in cars per lot) | item     50        
Maximum | Hamilton Essex 81              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Carrying value $ 0            
Mortgages payable              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Mortgage Notes Payable       $ 212,709,000      
Mortgages payable | Minimum              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Interest rate (as a percent)       2.51%      
Mortgages payable | Maximum              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Interest rate (as a percent)       5.97%