XML 50 R38.htm IDEA: XBRL DOCUMENT
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RENTAL PROPERTIES (Details) | 12 Months Ended |  |  |
--- | --- | --- | --- | ---
Dec. 31, 2016 USD ($) property item | Dec. 31, 2015 USD ($) item | Sep. 18, 2015 item | Dec. 31, 2014 item
RENTAL PROPERTIES |  |  |  |
Number of units | item |  |  |  | 1,033
Rental properties |  |  |  |
Total fixed assets | $ 263,659,293 | $ 261,276,898 |  |
Less: Accumulated depreciation | (94,196,482) | (84,579,584) |  |
Total fixed assets, net | 169,462,811 | 176,697,314 |  |
Land, improvements and parking lots |  |  |  |
Rental properties |  |  |  |
Total fixed assets | $ 52,612,929 | 52,852,877 |  |
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 | $ 173,536,288 | 172,277,299 |  |
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 | $ 8,738,323 | 8,493,696 |  |
Kitchen cabinets | Minimum |  |  |  |
Rental properties |  |  |  |
Useful Life | 5 years |  |  |
Kitchen cabinets | Maximum |  |  |  |
Rental properties |  |  |  |
Useful Life | 10 years |  |  |
Carpets |  |  |  |
Rental properties |  |  |  |
Total fixed assets | $ 7,621,292 | 7,361,966 |  |
Carpets | Minimum |  |  |  |
Rental properties |  |  |  |
Useful Life | 5 years |  |  |
Carpets | Maximum |  |  |  |
Rental properties |  |  |  |
Useful Life | 10 years |  |  |
Air conditioning |  |  |  |
Rental properties |  |  |  |
Total fixed assets | $ 690,535 | 718,531 |  |
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 | $ 269,784 | 244,771 |  |
Laundry equipment | Minimum |  |  |  |
Rental properties |  |  |  |
Useful Life | 5 years |  |  |
Laundry equipment | Maximum |  |  |  |
Rental properties |  |  |  |
Useful Life | 7 years |  |  |
Elevators |  |  |  |
Rental properties |  |  |  |
Total fixed assets | $ 1,139,296 | 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 | $ 10,029,639 | 9,502,977 |  |
Equipment | Minimum |  |  |  |
Rental properties |  |  |  |
Useful Life | 5 years |  |  |
Equipment | Maximum |  |  |  |
Rental properties |  |  |  |
Useful Life | 30 years |  |  |
Motor vehicles |  |  |  |
Rental properties |  |  |  |
Total fixed assets | $ 237,954 | 130,563 |  |
Useful Life | 5 years |  |  |
Fences |  |  |  |
Rental properties |  |  |  |
Total fixed assets | $ 37,465 | 38,115 |  |
Fences | Minimum |  |  |  |
Rental properties |  |  |  |
Useful Life | 5 years |  |  |
Fences | Maximum |  |  |  |
Rental properties |  |  |  |
Useful Life | 15 years |  |  |
Furniture and fixtures |  |  |  |
Rental properties |  |  |  |
Total fixed assets | $ 8,127,100 | 7,855,351 |  |
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 | $ 174,059 | $ 216,827 |  |
Smoke alarms | Minimum |  |  |  |
Rental properties |  |  |  |
Useful Life | 5 years |  |  |
Smoke alarms | Maximum |  |  |  |
Rental properties |  |  |  |
Useful Life | 7 years |  |  |
Residences at Captain Parkers LLC Residential Apartments Lexington, Massachusetts |  |  |  |
RENTAL PROPERTIES |  |  |  |
Number of units | item |  |  | 94 |
Wholly owned properties |  |  |  |
RENTAL PROPERTIES |  |  |  |
Number of properties | property | 25 |  |  |
Investment Properties |  |  |  |
RENTAL PROPERTIES |  |  |  |
Number of units | item | 1,033 | 1,033 |  |
Investment Properties | Minimum |  |  |  |
RENTAL PROPERTIES |  |  |  |
Ownership interest (as a percent) | 40.00% |  |  |
Investment Properties | Maximum |  |  |  |
RENTAL PROPERTIES |  |  |  |
Ownership interest (as a percent) | 50.00% |  |  |
Residential and mixed-use properties | Wholly owned properties |  |  |  |
RENTAL PROPERTIES |  |  |  |
Number of units | item | 2,506 |  |  |
Number of properties | property | 21 |  |  |
Residential and mixed-use properties | Partially owned properties |  |  |  |
RENTAL PROPERTIES |  |  |  |
Number of units | item | 774 |  |  |
Number of properties | item | 9 |  |  |
Residential and mixed-use properties | Investment Properties | Partially owned properties |  |  |  |
RENTAL PROPERTIES |  |  |  |
Number of properties | item | 9 |  |  |
Residential and mixed-use properties | Investment Properties | Partially owned properties | Minimum |  |  |  |
RENTAL PROPERTIES |  |  |  |
Ownership interest (as a percent) | 40.00% |  |  |
Residential and mixed-use properties | Investment Properties | Partially owned properties | Maximum |  |  |  |
RENTAL PROPERTIES |  |  |  |
Ownership interest (as a percent) | 50.00% |  |  |
Condominium | Wholly owned properties |  |  |  |
RENTAL PROPERTIES |  |  |  |
Number of units | item | 19 |  |  |
Number of properties | property | 1 |  |  |

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