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RENTAL PROPERTIES (Webster Green Apartments) (Details) | Mar. 29, 2018 USD ($) item | Jun. 30, 2018 property
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RENTAL PROPERTIES |  |
Number of units | property |  | 913
Webster Green Apartments |  |
RENTAL PROPERTIES |  |
Number of units | item | 79 |
Loan amount | $ 21,500,000 |
Purchase price of real estate properties | 34,500,000 |
Cash payment | 13,000,000 |
Cash from reserves | 5,000,000 |
Line of credit | 8,000,000 |
Closing costs associated with financing | 141,000 |
Purchase price allocated to the value of the in-place leases | 502,000 |
Purchase price allocated to the value of the tenant relationships | $ 40,000 |
Amortization period of value of the in-place leases | 12 months |
Amortization period of value of the tenant relationships | 24 months |

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- Definition Represents the amortization period of value of the in-place leases. + References No definition available. + Details
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- Definition Represents the aggregate purchase price of real estate properties acquired by the entity. + References No definition available. + Details
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- Definition Represents the aggregate purchase price of real estate properties acquired by the entity allocated to leases. + References No definition available. + Details
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- Definition Represents the aggregate purchase price of real estate properties acquired by the entity allocated to tenant relationships. + References No definition available. + Details
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- Definition Represents the amortization period of value of the tenant relationships. + References No definition available. + Details
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
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