DEBT (Details 1) - USD ($) |
Mar. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Debt Instrument [Line Items] | ||
| April 2018 through December 2018 | $ 9,672,562 | |
| 2019 | 1,028,465 | |
| 2020 | 1,239,009 | |
| 2021 | 7,922,500 | |
| 2022 | 14,288,741 | |
| 2023 | 12,982,910 | |
| Thereafter | 41,183,399 | |
| Total principal | 88,317,586 | |
| Deferred financing costs, net | (2,079,229) | $ (1,741,106) |
| Total | 86,238,357 | |
| Mortgage Notes Payable [Member] | ||
| Debt Instrument [Line Items] | ||
| April 2018 through December 2018 | 672,562 | |
| 2019 | 1,028,465 | |
| 2020 | 1,239,009 | |
| 2021 | 7,922,500 | |
| 2022 | 14,288,741 | |
| 2023 | 12,982,910 | |
| Thereafter | 41,183,399 | |
| Total principal | 79,317,586 | |
| Deferred financing costs, net | (2,051,515) | |
| Total | 77,266,071 | |
| Unsecured Credit Facility [Member] | ||
| Debt Instrument [Line Items] | ||
| April 2018 through December 2018 | 9,000,000 | |
| 2019 | 0 | |
| 2020 | 0 | |
| 2021 | 0 | |
| 2022 | 0 | |
| 2023 | 0 | |
| Thereafter | 0 | |
| Total principal | 9,000,000 | |
| Deferred financing costs, net | (27,714) | |
| Total | $ 8,972,286 |
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- Definition It represents the amount of long term debt maturities repayments of principal in after year six. No definition available.
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- Definition It represents the amount of long term debt maturities repayments of principal in year six. No definition available.
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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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the remainder of the fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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