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FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
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Dec. 31, 2016
FAIR VALUE MEASUREMENTS |
Schedule of carrying amounts and estimated fair value of debt |
|  | Carrying Amount |  | Estimated Fair Value |
Mortgage Notes Payable |  |  |  |  |  |  |
Partnership Properties |  |  |  |  |  |  |
At December 31, 2016 | * | $ | 212,709,080 |  | $ | 219,086,450 |
At December 31, 2015 | * | $ | 194,500,820 |  | $ | 205,240,993 |
Investment Properties |  |  |  |  |  |  |
At December 31, 2016 | * | $ | 130,152,297 |  | $ | 133,991,269 |
At December 31, 2015 | * | $ | 135,657,988 |  | $ | 142,512,272 |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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