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MORTGAGE NOTES PAYABLE AND LINE OF CREDIT (Line of Credit) (Details) |  | 12 Months Ended
--- | --- | ---
Jul. 31, 2014 USD ($) | Dec. 31, 2015 USD ($) item
Line of Credit |  |
Credit line balance |  | $ 25,000,000
Line of Credit |  |
Line of Credit |  |
Maximum borrowings | $ 25,000,000 |
Term of debt | 3 years |
Amount of refinancing costs | $ 125,000 |
Credit line balance |  | $ 25,000,000
Interest rate at end of period (as a percent) |  | 3.875%
Number of properties in which borrowing amount collateralized | item |  | 23
Commitment fee |  | $ 36,000
Line of Credit | Base Rate |  |
Line of Credit |  |
Margin over basis of interest rate (as a percent) | 2.50% |
Line of Credit | Federal Funds Rate |  |
Line of Credit |  |
Basis of effective interest rate used in calculation of Base Rate (as a percent) | 0.50% |
Line of Credit | LIBOR |  |
Line of Credit |  |
Reference rate used in calculation of Base Rate | one month LIBOR |
Basis of effective interest rate used in calculation of Base Rate (as a percent) | 1.00% |
Line of Credit | Minimum |  |
Line of Credit |  |
Pledged interests of the Partnership's ownership interest (as a percent) |  | 49.00%
Commitment fee for unused amount (as a percent) |  | 0.15%
Tangible net worth |  | $ 150,000,000
Ratio of net operating income to total indebtedness |  | 9.50%
Debt service coverage ratio |  | 1.6
Line of Credit | Maximum |  |
Line of Credit |  |
Pledged interests of the Partnership's ownership interest (as a percent) |  | 100.00%
Commitment fee for unused amount (as a percent) |  | 0.20%
Leverage ratio |  | 65.00%
Aggregate increase in indebtedness |  | $ 15,000,000

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- Definition Represents the ratio of consolidated adjusted earnings before interest, taxes, depreciation and amortization to interest expense, which is necessary to be maintained under the terms of the senior credit facilities' covenants. + References No definition available. + Details
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- Definition Represents the ratio of consolidated total debt to consolidated adjusted earnings before, interest, taxes, depreciation and amortization allowed under the terms of the senior credit facilities' covenants. + References No definition available. + Details
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- Definition Amount of the fee that accompanies borrowing money under the debt instrument. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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