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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($) | Jun. 30, 2017 | Jun. 30, 2016
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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Less: unamortized deferred financing costs | $ (1,331,000) |
Weighted average interest rate (as a percent) | 5.00% |
Effective interest rate (as a percent) | 5.08% |
Investment Properties |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
3/31/2018 | $ 1,817,357 |
3/31/2019 | 1,917,897 |
3/31/2020 | 79,603,870 |
3/31/2021 | 209,541 |
3/31/2022 | 217,796 |
Thereafter | 41,725,660 |
Total | 125,492,121 |
Less: unamortized deferred financing costs | (553,743) |
Debt maturities net of unamortized deferred financing costs | 124,938,378 | $ 134,906,750
Hamilton Essex 81 |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 10,000,000 |
Total | 10,000,000 |
Less: unamortized deferred financing costs | (113,760) |
Debt maturities net of unamortized deferred financing costs | 9,886,240 |
345 Franklin |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
3/31/2018 | 186,608 |
3/31/2019 | 193,959 |
3/31/2020 | 201,599 |
3/31/2021 | 209,541 |
3/31/2022 | 217,796 |
Thereafter | 8,825,660 |
Total | 9,835,163 |
Less: unamortized deferred financing costs | (73,244) |
Debt maturities net of unamortized deferred financing costs | 9,761,919 |
Hamilton Minuteman |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 6,000,000 |
Total | 6,000,000 |
Less: unamortized deferred financing costs | (116,274) |
Debt maturities net of unamortized deferred financing costs | 5,883,726 |
Hamilton on Main Apts |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 16,900,000 |
Total | 16,900,000 |
Less: unamortized deferred financing costs | (115,034) |
Debt maturities net of unamortized deferred financing costs | 16,784,966 |
Dexter Park |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
3/31/2018 | 1,630,749 |
3/31/2019 | 1,723,938 |
3/31/2020 | 79,402,271 |
Total | 82,756,958 |
Less: unamortized deferred financing costs | (135,431) |
Debt maturities net of unamortized deferred financing costs | $ 82,621,527 |

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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) reported by an equity method investment of the entity. Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. + References No definition available. + Details
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- Definition Amount of collateralized debt obligations reported by an equity method investment of the entity with dates maturing in the next rolling twelve months following the latest balance sheet. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. + References No definition available. + Details
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- Definition Amount of collateralized debt obligations reported by an equity method investment of the entity with dates maturing after the fifth rolling twelve months following the latest balance sheet. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. + References No definition available. + Details
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