XML 75 R64.htm IDEA: XBRL DOCUMENT v3.22.0.1
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton 1025) (Details)
12 Months Ended
Jul. 08, 2016
USD ($)
Mar. 02, 2005
USD ($)
item
Dec. 31, 2021
USD ($)
item
Dec. 31, 2020
USD ($)
item
Dec. 31, 2019
USD ($)
item
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Investments in joint venture     $ 1,455,888 $ 1,410,769  
Outstanding amount of mortgage     370,481,390 283,444,533  
Mortgages payable          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Outstanding amount of mortgage     370,481,000    
Hamilton 1025          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Investments in joint venture   $ 2,352,000 $ 48,353 $ 49,375 $ 45,004
Ownership interest (as a percent)   50.00% 50.00% 50.00% 50.00%
Number of units | item   176 176 176 176
Number of units sold | item   127 2    
Number of units retained for long-term investment | item   49 (1) (1) (1)
Capital contributions $ 2,359,500        
Term of debt   10 years      
Interest rate (as a percent)   5.67%      
Period for which the entity is required to make interest only payments   5 years      
Amortization period of debt   30 years      
Purchase price of investments   $ 23,750,000      
Borrowings   $ 5,000,000      
Gain on sale of assets     $ 306,000    
Residential buildings | Hamilton 1025          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Number of units | item     175 175 175