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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details) | 1 Months Ended | 3 Months Ended |
--- | --- | --- | ---
Feb. 28, 2007 item | Mar. 31, 2017 USD ($) property item | Mar. 31, 2016 USD ($) property | Dec. 31, 2016 USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |
Number of limited partnerships and limited liability companies in which the entity has invested | item |  | 9 |  |
Number of partnerships investing in commercial property | item |  | 3 |  |
Investments in joint venture | $ |  | $ 9,955,145 |  | $ 8,336,505
Outstanding amount of mortgage | $ |  | 212,322,196 |  | $ 212,709,080
Distribution to the Partnership | $ |  | 1,119,687 | $ 936,925 |
Investment Properties |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |
Investments in joint venture | $ |  | $ 9,955,145 | $ 7,440,487 |
Number of units |  | 1,033 | 1,033 |
Number of units sold |  | 264 | 244 |
Number of units retained for long-term investment |  | (690) | (786) |
Unsold units |  | 79 | 3 |
Hamilton Bay Apts |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |
Number of units refinanced | item | 48 |  |  |
345 Franklin | Mortgages payable |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |
Outstanding amount of mortgage | $ |  | $ 9,881,000 |  |
Condominium |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |
Number of units | item |  | 19 |  |
Residential buildings | Investment Properties |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |
Number of units |  | 1,030 | 1,030 |
Commercial | Investment Properties |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |
Number of units |  | 3 | 3 |
Minimum | Mortgages payable |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |
Interest rate (as a percent) |  | 2.80% |  |
Minimum | Harold Brown |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |
Ownership interest (as a percent) |  | 43.20% |  |
Maximum | Mortgages payable |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |
Interest rate (as a percent) |  | 5.97% |  |
Maximum | Harold Brown |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |
Ownership interest (as a percent) |  | 56.00% |  |

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- Definition Represents the number of limited partnerships and limited liability companies in which the entity has made investments which are accounted for using the equity method of consolidation. + References No definition available. + Details
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. + 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(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66022249&loc=d3e33749-111570 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. + 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 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: 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(a)(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
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