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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($) | Jun. 30, 2019 | Jun. 30, 2018
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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Less: unamortized deferred financing costs | $ (1,350,000) |
Debt maturities net of unamortized deferred financing costs |  | $ 166,538,840
Weighted average interest rate (as a percent) | 4.04% |
Effective interest rate (as a percent) | 4.11% |
Investment Properties |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
3/31/2019 | $ 201,600 |
3/31/2020 | 209,541 |
3/31/2021 | 217,796 |
3/31/2022 | 226,376 |
3/31/2023 | 235,293 |
Thereafter | 166,263,991 |
Total | 167,354,597 |
Less: unamortized deferred financing costs | (905,169) |
Debt maturities net of unamortized deferred financing costs | 166,449,428 |
Hamilton Essex 81 |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 10,000,000 |
Total | 10,000,000 |
Less: unamortized deferred financing costs | (86,182) |
Debt maturities net of unamortized deferred financing costs | 9,913,818 | 9,900,029
345 Franklin |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
3/31/2019 | 201,600 |
3/31/2020 | 209,541 |
3/31/2021 | 217,796 |
3/31/2022 | 226,376 |
3/31/2023 | 235,293 |
Thereafter | 8,363,991 |
Total | 9,454,597 |
Less: unamortized deferred financing costs | (59,926) |
Debt maturities net of unamortized deferred financing costs | 9,394,671 | 9,581,970
Hamilton Minuteman |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 6,000,000 |
Total | 6,000,000 |
Less: unamortized deferred financing costs | (99,907) |
Debt maturities net of unamortized deferred financing costs | 5,900,093 | 5,891,909
Hamilton on Main Apts |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 16,900,000 |
Total | 16,900,000 |
Less: unamortized deferred financing costs | (82,932) |
Debt maturities net of unamortized deferred financing costs | 16,817,068 | 16,801,017
Dexter Park |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 125,000,000 |
Total | 125,000,000 |
Less: unamortized deferred financing costs | (576,222) |
Debt maturities net of unamortized deferred financing costs | $ 124,423,778 | $ 124,363,915

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