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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Dexter) (Details)
Oct. 28, 2009
USD ($)
item
Sep. 30, 2017
USD ($)
Dec. 31, 2016
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES      
Investments in joint venture   $ 8,452,484 $ 8,336,505
Outstanding amount of mortgage   233,615,499 $ 212,709,080
Dexter Park      
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES      
Investments in joint venture $ 15,925,000    
Ownership interest (as a percent) 40.00%    
Number of units | item 409    
Purchase price of investments $ 129,500,000    
Dexter Park | Mortgages payable      
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES      
Interest rate (as a percent) 5.57%    
Period for which the entity is required to make interest only payments 2 years    
Amortization period of debt 30 years    
Outstanding amount of mortgage   $ 82,390,000  
Borrowings $ 89,914,000