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v3.19.3

RELATED PARTY TRANSACTIONS (Details) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | 24 Months Ended
--- | --- | --- | --- | --- | ---
Sep. 30, 2019 USD ($) | Sep. 30, 2018 USD ($) | Jun. 30, 2019 USD ($) | Jun. 30, 2018 USD ($) | Sep. 30, 2019 USD ($) item | Sep. 30, 2018 USD ($) | Dec. 31, 2018 USD ($) | Dec. 31, 2019 USD ($)
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Management fee as percentage of gross receipts rental revenue |  |  |  |  | 4.00% |  |  |
Management fee as a percentage of gross receipts rental revenue of Linewt, LLC |  |  |  |  | 3.00% |  |  |
Management fees of related party |  |  |  |  | $ 1,788,000 | $ 1,741,000 |  |
Management fee | $ 599,864 | $ 590,908 |  |  | 1,787,670 | 1,740,766 |  |
Repairs and maintenance | 2,654,769 | 2,951,750 |  |  | 6,886,313 | 7,081,073 |  |
Administrative expense | 622,459 | 526,100 |  |  | 1,861,397 | 1,613,891 |  |
Employer contributions in 401K plan |  |  |  |  | $ 27,000 |  |  |
Number of limited partnerships and limited liability companies in which the entity has invested | item |  |  |  |  | 8 |  |  |
Interest expense | $ 3,011,347 | $ 3,090,471 |  |  | $ 9,145,075 | 9,331,023 |  |
Dexter Park |  |  |  |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Management fee as percentage of gross receipts rental revenue |  |  |  |  | 2.00% |  |  |
President of Management Company |  |  |  |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Quarterly fee for asset management consulting services |  |  |  |  |  | 37,500 |  |
Harold Brown | Minimum |  |  |  |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Ownership interest (as a percent) | 47.60% |  |  |  | 47.60% |  |  |
Harold Brown | Maximum |  |  |  |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Ownership interest (as a percent) | 59.00% |  |  |  | 59.00% |  |  |
General Partner or Management Company [Member] |  |  |  |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Repairs and maintenance |  |  |  |  | $ 305,000 |  |  |
Administrative expense |  |  |  |  | 284,000 |  |  |
Commercial brokerage fees |  |  |  |  | 1,000 |  |  |
Expenses for construction, architectural services and supervision of capital projects |  |  |  |  | 262,000 |  |  |
Costs related to professional services |  |  |  |  | 852,000 | 1,016,000 |  |
Management Company [Member] |  |  |  |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Reimbursement to related party for payroll transfers |  |  |  |  | 2,478,000 | $ 2,480,000 |  |
Employer contributions in 401K plan |  |  |  |  | $ 27,000 |  | $ 0 |
Number of accounting staff of related party providing bookkeeping and accounting functions | item |  |  |  |  | 14 |  |  |
Fees for accounting and bookkeeping services |  |  | $ 93,750 | $ 93,750 |  |  |  |
Number of employees having ownership interest in the investment properties | item |  |  |  |  | 5 |  |  |
Fees for accounting and bookkeeping services per year |  |  |  |  |  |  |  | $ 125,000
Partially owned properties |  |  |  |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Management fee as percentage of gross receipts rental revenue |  |  |  |  | 4.00% |  |  |
Management fee |  |  |  |  | $ 493,000 |  |  |
Repairs and maintenance |  |  |  |  | 37,000 |  |  |
Administrative expense |  |  |  |  | 29,000 |  |  |
Commercial brokerage fees |  |  |  |  | 121,000 |  |  |
Construction, architectural services and supervision of capital projects |  |  |  |  | 84,000 |  |  |
Amount paid to related party |  |  |  |  | $ 764,000 |  |  |
Residential and mixed-use properties | Partially owned properties | Minimum |  |  |  |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Ownership interest (as a percent) | 40.00% |  |  |  | 40.00% |  |  |
Residential and mixed-use properties | Partially owned properties | Maximum |  |  |  |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |  |  |  |
Ownership interest (as a percent) | 50.00% |  |  |  | 50.00% |  |  |

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