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MORTGAGE NOTES PAYABLE (Line of Credit) (Details) - Line of Credit |  |  |  |  | 12 Months Ended
--- | --- | --- | --- | --- | ---
Jun. 30, 2023 | Dec. 03, 2021 USD ($) | Oct. 29, 2021 USD ($) | Jul. 31, 2014 USD ($) | Dec. 31, 2023 USD ($) property
Line of Credit |  |  |  |  |
Maximum borrowings |  |  | $ 25,000,000 | $ 25,000,000 |
Maximum borrowings during modification period |  |  | $ 17,000,000 |  |
Term of debt |  |  | 3 years | 3 years |
Payment on line of credit |  | $ 17,000,000 |  |  |
Amount of refinancing costs |  |  | $ 179,000 |  |
Extension fees paid |  |  |  | $ 128,000 | $ 37,500
Number of properties in which borrowing amount collateralized | property |  |  |  |  | 23
Current covenants |  |  |  |  |
Line of Credit |  |  |  |  |
Leverage ratio |  |  | 65.00% |  |
Tangible net worth |  |  | $ 200 |  |
Debt yield |  |  | 9.50% |  |
Debt service coverage ratio |  |  | 1.60 |  |
Revised covenants in place until September 30, 2022 |  |  |  |  |
Line of Credit |  |  |  |  |
Leverage ratio |  |  | 70.00% |  |
Tangible net worth |  |  | $ 175 |  |
Debt yield |  |  | 8.50% |  |
Debt service coverage ratio |  |  | 1.35 |  |
Revised Covenants in place until December 31, 2022 |  |  |  |  |
Line of Credit |  |  |  |  |
Debt yield |  |  | 9.00% |  |
Federal Funds Rate |  |  |  |  |
Line of Credit |  |  |  |  |
Variable interest rate spread |  |  |  | 0.50% |
SOFR |  |  |  |  |
Line of Credit |  |  |  |  |
Variable interest rate spread | 1.00% |  |  |  |
LIBOR [Member] |  |  |  |  |
Line of Credit |  |  |  |  |
Additional applicable margin rate |  |  |  | 2.50% |
Variable interest rate spread |  |  | 3.00% | 1.00% |
Minimum |  |  |  |  |
Line of Credit |  |  |  |  |
Pledged interest ownership percentage |  |  |  |  | 49.00%
Debt yield |  |  |  |  | 8.60%
Maximum |  |  |  |  |
Line of Credit |  |  |  |  |
Pledged interest ownership percentage |  |  |  |  | 100.00%
Debt yield |  |  | 9.50% |  |

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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 Represents the ratio of consolidated total debt to consolidated adjusted earnings before, interest, taxes, depreciation and amortization allowed under the terms of the senior credit facilities' covenants. + References No definition available. + Details
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- Definition Maximum borrowing capacity during the modifications period under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References No definition available. + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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- Definition The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15 + Details
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