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v3.23.1

MORTGAGE NOTES PAYABLE (Facility Agreement) (Details) |  |  |  | 3 Months Ended
--- | --- | --- | --- | ---
Oct. 14, 2022 USD ($) | Jun. 16, 2022 USD ($) property | Nov. 30, 2021 USD ($) property | Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($)
Debt Instrument [Line Items] |  |  |  |  |
Payment of debt |  |  |  | $ 611,861 | $ 600,190
Facility Agreement |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Mortgage amount |  | $ 80,284,000 | $ 156,000,000 |  |
Interest rate (as a percent) |  | 4.33% | 2.97% |  |
Payment of debt |  | $ 370,650,000 | $ 65,305,000 |  |
Number of properties in which borrowing amount collateralized | property |  | 4 | 11 |  |
Mortgage prepayment penalties |  | $ 834,000 | $ 2,700,000 |  |
Proceeds of mortgage notes payable |  | $ 42,404,000 | $ 89,000,000 |  |
Facility Agreement | Modification agreement with Brookline Bank. |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Interest rate (as a percent) | 4.60% |  |  |  |
Existing loan amount | $ 5,954,546.14 |  |  |  |
Interest only term | 2 years |  |  |  |
Term of debt | 30 years |  |  |  |
Additional earnout | $ 1,495,453.86 |  |  |  |
Debt service coverage ratio | 1.35 |  |  |  |
Threshold percentage of Loan to Value | 65.00% |  |  |  |
Facility Agreement | Modification agreement with Brookline Bank. | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Variable interest rate spread | 1.70% |  |  |  |

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- Definition Represents the ratio of consolidated adjusted earnings before interest, taxes, depreciation and amortization to interest expense, which is necessary to be maintained under the terms of the senior credit facilities' covenants. + References No definition available. + Details
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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: 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 https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 3: 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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: 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 https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
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