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v3.20.1

RENTAL PROPERTIES (Details) | 3 Months Ended |  |
--- | --- | --- | ---
Mar. 31, 2020 USD ($) property item | Dec. 31, 2019 USD ($) | Mar. 31, 2019 property
RENTAL PROPERTIES |  |  |
Number of units | property |  |  | 1,033
Rental properties |  |  |
Total fixed assets | $ 399,591,888 | $ 398,554,000 |
Less: Accumulated depreciation | (124,391,100) | (120,190,012) |
Total fixed assets, net | 275,200,788 | 278,363,988 |
Land, improvements and parking lots |  |  |
Rental properties |  |  |
Total fixed assets | $ 86,864,867 | 86,693,759 |
Land, improvements and parking lots | Minimum |  |  |
Rental properties |  |  |
Useful Life | 15 years |  |
Land, improvements and parking lots | Maximum |  |  |
Rental properties |  |  |
Useful Life | 40 years |  |
Buildings and improvements |  |  |
Rental properties |  |  |
Total fixed assets | $ 253,026,910 | 252,896,183 |
Buildings and improvements | Minimum |  |  |
Rental properties |  |  |
Useful Life | 15 years |  |
Buildings and improvements | Maximum |  |  |
Rental properties |  |  |
Useful Life | 40 years |  |
Kitchen cabinets |  |  |
Rental properties |  |  |
Total fixed assets | $ 17,564,272 | 17,376,841 |
Kitchen cabinets | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Kitchen cabinets | Maximum |  |  |
Rental properties |  |  |
Useful Life | 10 years |  |
Carpets |  |  |
Rental properties |  |  |
Total fixed assets | $ 11,184,505 | 10,976,972 |
Carpets | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Carpets | Maximum |  |  |
Rental properties |  |  |
Useful Life | 10 years |  |
Air conditioning |  |  |
Rental properties |  |  |
Total fixed assets | $ 573,389 | 573,389 |
Air conditioning | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Air conditioning | Maximum |  |  |
Rental properties |  |  |
Useful Life | 10 years |  |
Laundry equipment |  |  |
Rental properties |  |  |
Total fixed assets | $ 709,210 | 709,210 |
Laundry equipment | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Laundry equipment | Maximum |  |  |
Rental properties |  |  |
Useful Life | 7 years |  |
Elevators |  |  |
Rental properties |  |  |
Total fixed assets | $ 1,885,265 | 1,885,265 |
Elevators | Minimum |  |  |
Rental properties |  |  |
Useful Life | 20 years |  |
Elevators | Maximum |  |  |
Rental properties |  |  |
Useful Life | 40 years |  |
Swimming pools |  |  |
Rental properties |  |  |
Total fixed assets | $ 1,092,194 | 1,092,194 |
Swimming pools | Minimum |  |  |
Rental properties |  |  |
Useful Life | 10 years |  |
Swimming pools | Maximum |  |  |
Rental properties |  |  |
Useful Life | 30 years |  |
Equipment |  |  |
Rental properties |  |  |
Total fixed assets | $ 17,473,920 | 17,391,731 |
Equipment | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Equipment | Maximum |  |  |
Rental properties |  |  |
Useful Life | 30 years |  |
Motor vehicles |  |  |
Rental properties |  |  |
Total fixed assets | $ 211,660 | 178,847 |
Motor vehicles | Maximum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Fences |  |  |
Rental properties |  |  |
Total fixed assets | $ 38,482 | 38,482 |
Fences | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Fences | Maximum |  |  |
Rental properties |  |  |
Useful Life | 15 years |  |
Furniture and fixtures |  |  |
Rental properties |  |  |
Total fixed assets | $ 8,461,379 | 8,235,292 |
Furniture and fixtures | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Furniture and fixtures | Maximum |  |  |
Rental properties |  |  |
Useful Life | 7 years |  |
Smoke alarms |  |  |
Rental properties |  |  |
Total fixed assets | $ 505,835 | $ 505,835 |
Smoke alarms | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Smoke alarms | Maximum |  |  |
Rental properties |  |  |
Useful Life | 7 years |  |
Wholly owned properties |  |  |
RENTAL PROPERTIES |  |  |
Number of properties | item | 29 |  |
Investment Properties |  |  |
RENTAL PROPERTIES |  |  |
Number of units | property | 865 |  |
Investment Properties | Minimum |  |  |
RENTAL PROPERTIES |  |  |
Ownership interest (as a percent) | 40.00% |  |
Investment Properties | Maximum |  |  |
RENTAL PROPERTIES |  |  |
Ownership interest (as a percent) | 50.00% |  |
Residential and mixed-use properties |  |  |
RENTAL PROPERTIES |  |  |
Number of units | item | 2,892 |  |
Number of properties | item | 25 |  |
Residential and mixed-use properties | Partially owned properties |  |  |
RENTAL PROPERTIES |  |  |
Number of units | item | 688 |  |
Number of properties | item | 7 |  |
Residential and mixed-use properties | Partially owned properties | Minimum |  |  |
RENTAL PROPERTIES |  |  |
Ownership interest (as a percent) | 40.00% |  |
Residential and mixed-use properties | Partially owned properties | Maximum |  |  |
RENTAL PROPERTIES |  |  |
Ownership interest (as a percent) | 50.00% |  |
Residential and mixed-use properties | Investment Properties | Partially owned properties |  |  |
RENTAL PROPERTIES |  |  |
Number of units | property | 688 |  |
Condominium |  |  |
RENTAL PROPERTIES |  |  |
Number of units | item | 19 |  |
Condominium | Wholly owned properties |  |  |
RENTAL PROPERTIES |  |  |
Number of units | item | 19 |  |
Number of properties | item | 1 |  |

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