v3.26.1
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
May 31, 2018
Sep. 12, 2016
Annual maturities of mortgage debt          
2027 $ 6,605,000        
2027 40,652,000        
2028 58,337,000        
2029 21,582,000        
2030 862,000        
Thereafter 401,363,000        
Total 529,401,000        
Less: unamortized deferred financing costs (3,156,000)        
Mortgage Notes Payable $ 526,244,604 $ 527,596,823      
Weighted average interest rate (as a percent) 4.30%        
Effective interest rate (as a percent) 4.40%        
Investment Properties          
Annual maturities of mortgage debt          
2027 $ 264,211        
2027 125,274,619        
2028 7,326,403        
Thereafter 41,803,000        
Total 174,668,233        
Less: unamortized deferred financing costs (535,434)        
Mortgage Notes Payable 174,132,799   $ 172,223,009    
Hamilton Essex 81          
Annual maturities of mortgage debt          
Thereafter 12,214,000        
Total 12,214,000        
Less: unamortized deferred financing costs (157,220)        
Mortgage Notes Payable 12,056,780   9,996,553    
345 Franklin          
Annual maturities of mortgage debt          
2027 264,211        
2027 274,619        
2028 7,326,403        
Total 7,865,233        
Less: unamortized deferred financing costs (13,317)        
Mortgage Notes Payable 7,851,916   8,099,455    
Hamilton Minuteman Apts          
Annual maturities of mortgage debt          
Thereafter 6,000,000        
Total 6,000,000        
Less: unamortized deferred financing costs (42,623)       $ (123,000)
Mortgage Notes Payable 5,957,377   5,949,194    
Hamilton on Main Apts          
Annual maturities of mortgage debt          
Thereafter 23,589,000        
Total 23,589,000        
Less: unamortized deferred financing costs (198,413)        
Mortgage Notes Payable 23,390,587   23,366,292    
Dexter Park          
Annual maturities of mortgage debt          
2027 125,000,000        
Total 125,000,000        
Less: unamortized deferred financing costs (123,861)        
Mortgage Notes Payable $ 124,876,139   $ 124,811,515 $ 82,000,000