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RENTAL PROPERTIES (Details)
6 Months Ended
Jun. 30, 2018
USD ($)
property
item
Dec. 31, 2017
USD ($)
Jun. 30, 2017
item
RENTAL PROPERTIES      
Number of units | item     1,033
Rental properties      
Total fixed assets $ 347,951,931 $ 311,951,597  
Less: Accumulated depreciation (111,911,138) (104,797,803)  
Total fixed assets, net 236,040,793 207,153,794  
Land, improvements and parking lots      
Rental properties      
Total fixed assets $ 73,067,362 65,087,214  
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 $ 222,178,309 201,844,565  
Buildings and improvements | Minimum      
Rental properties      
Useful Life 15 years    
Buildings and improvements | Maximum      
Rental properties      
Useful Life 40 years    
Kitchen cabinets      
Rental properties      
Total fixed assets $ 14,163,255 12,338,627  
Kitchen cabinets | Minimum      
Rental properties      
Useful Life 5 years    
Kitchen cabinets | Maximum      
Rental properties      
Useful Life 10 years    
Carpets      
Rental properties      
Total fixed assets $ 10,246,486 8,802,831  
Carpets | Minimum      
Rental properties      
Useful Life 5 years    
Carpets | Maximum      
Rental properties      
Useful Life 10 years    
Air conditioning      
Rental properties      
Total fixed assets $ 641,079 641,079  
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 $ 403,211 263,275  
Laundry equipment | Minimum      
Rental properties      
Useful Life 5 years    
Laundry equipment | Maximum      
Rental properties      
Useful Life 7 years    
Elevators      
Rental properties      
Total fixed assets $ 1,839,590 1,139,296  
Elevators | Minimum      
Rental properties      
Useful Life 20 years    
Elevators | Maximum      
Rental properties      
Useful Life 40 years    
Swimming pools      
Rental properties      
Total fixed assets $ 444,629 444,629  
Swimming pools | Minimum      
Rental properties      
Useful Life 10 years    
Swimming pools | Maximum      
Rental properties      
Useful Life 30 years    
Equipment      
Rental properties      
Total fixed assets $ 12,826,738 11,163,864  
Equipment | Minimum      
Rental properties      
Useful Life 5 years    
Equipment | Maximum      
Rental properties      
Useful Life 30 years    
Motor vehicles      
Rental properties      
Total fixed assets $ 216,260 216,260  
Motor vehicles | Maximum      
Rental properties      
Useful Life 5 years    
Fences      
Rental properties      
Total fixed assets $ 43,099 37,465  
Fences | Minimum      
Rental properties      
Useful Life 5 years    
Fences | Maximum      
Rental properties      
Useful Life 15 years    
Furniture and fixtures      
Rental properties      
Total fixed assets $ 11,299,442 9,390,021  
Furniture and fixtures | Minimum      
Rental properties      
Useful Life 5 years    
Furniture and fixtures | Maximum      
Rental properties      
Useful Life 7 years    
Smoke alarms      
Rental properties      
Total fixed assets $ 582,471 $ 582,471  
Smoke alarms | Minimum      
Rental properties      
Useful Life 5 years    
Smoke alarms | Maximum      
Rental properties      
Useful Life 7 years    
Wholly owned properties      
RENTAL PROPERTIES      
Number of properties | item 27    
Investment Properties      
RENTAL PROPERTIES      
Number of units | property 1,033    
Residential and mixed-use properties      
RENTAL PROPERTIES      
Number of units | item 2,711    
Number of properties | item 23    
Residential and mixed-use properties | Partially owned properties      
RENTAL PROPERTIES      
Number of units | item 701    
Number of properties | item 8    
Residential and mixed-use properties | Partially owned properties | Minimum      
RENTAL PROPERTIES      
Ownership interest (as a percent) 40.00%    
Residential and mixed-use properties | Partially owned properties | Maximum      
RENTAL PROPERTIES      
Ownership interest (as a percent) 50.00%    
Residential and mixed-use properties | Investment Properties | Partially owned properties      
RENTAL PROPERTIES      
Number of units | property 701    
Condominium      
RENTAL PROPERTIES      
Number of units | item 19    
Condominium | Wholly owned properties      
RENTAL PROPERTIES      
Number of units | item 19    
Number of properties | item 1