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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton Bay Apts and Sales) (Details) | 1 Months Ended |  |
--- | --- | --- | ---
Feb. 28, 2007 item | Sep. 30, 2017 USD ($) | Dec. 31, 2016 USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |
Investments in joint venture |  | $ 8,452,484 | $ 8,336,505
Outstanding amount of mortgage |  | $ 233,615,499 | $ 212,709,080
Hamilton Bay Apts |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |
Number of units refinanced | item | 48 |  |
Mortgages payable | Minimum |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |
Interest rate (as a percent) |  | 3.24% |
Mortgages payable | Maximum |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |
Interest rate (as a percent) |  | 5.97% |

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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 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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