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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Investment income $ 14,403,403 $ 12,388,241
Property revenues 1,927,001 1,694,524
Other interest income 2,875,967 304,723
Total revenues 19,206,371 14,387,488
Expenses:    
Real estate operating (exclusive of items shown below) 1,064,562 1,007,840
Depreciation and amortization 683,662 683,460
Interest expense 3,937,131 5,226,475
General and administrative 3,681,838 3,285,708
Total expenses 9,367,193 10,203,483
Other Income:    
Gain on sale of investments in unconsolidated entities 16,439,750 2,809,106
Income before income taxes 26,278,928 6,993,111
Income tax expense 14,910 257
Net income 26,264,018 6,992,854
Redeemable Preferred Unit distributions and accretion (717,744) (717,763)
Net income available to Partners 25,546,274 6,275,091
Net income available to Partners allocated to:    
General Partner 2,737,044 736,936
Net income available to Partners and noncontrolling interest $ 25,546,274 $ 6,275,091
BUC holders' interest in net income per BUC, basic and diluted [1] $ 1.03 $ 0.27
Weighted average number of BUCs outstanding, basic [1] 22,016,636 20,230,287
Weighted average number of BUCs outstanding, diluted [1] 22,016,636 20,230,287
Beneficial Unit Certificate Holders [Member]    
Net income available to Partners allocated to:    
Limited Partners $ 22,729,198 $ 5,526,202
Restricted Unitholders [Member]    
Net income available to Partners allocated to:    
Limited Partners $ 80,032 $ 11,953
[1] On April 1, 2022, the Partnership effected a one-for-three reverse unit split of its outstanding BUCs. The amounts indicated in the Condensed Consolidated Statements of Operations have been adjusted to reflect the one-for-three reverse unit split on a retroactive basis.