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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues:    
Investment income $ 61,342,533 $ 57,736,968
Property revenues 7,855,506 7,208,661
Contingent interest income   1,848,825
Other interest income 11,875,538 1,657,840
Total revenues 81,073,577 68,452,294
Expenses:    
Real estate operating (exclusive of items shown below) 4,738,160 3,992,293
Provision for credit loss (Note 6)   1,856,893
Provision for loan loss (Note 10)   444,302
Depreciation and amortization 2,717,415 2,732,922
Interest expense 30,464,451 21,943,885
General and administrative 17,447,864 14,824,668
Total expenses 55,367,890 45,794,963
Other Income:    
Loss on sale of real estate asset   (14,800)
Gain on sale of investments in unconsolidated entities 39,805,285 15,520,749
Income before income taxes 65,510,972 38,163,280
Income tax expense (benefit) (51,194) 63,792
Net income 65,562,166 38,099,488
Redeemable Preferred Unit distributions and accretion (2,866,625) (2,871,051)
Net income available to Partners 62,695,541 35,228,437
Net income (loss) available to Partners allocated to:    
General Partner 3,471,267 2,830,481
Net income available to Partners and noncontrolling interest $ 62,695,541 $ 35,228,437
BUC holders' interest in net income per BUC, basic [1] $ 2.62 $ 1.53
BUC holders' interest in net income per BUC, diluted [1] $ 2.62 $ 1.53
Weighted average number of BUCs outstanding, basic [1] 22,486,046 21,092,010
Weighted average number of BUCs outstanding, diluted [1] 22,486,046 21,092,010
Beneficial Unit Certificate Holders [Member]    
Net income (loss) available to Partners allocated to:    
Limited Partners $ 58,945,102 $ 32,258,667
Restricted Unitholders [Member]    
Net income (loss) available to Partners allocated to:    
Limited Partners $ 279,172 $ 139,289
[1] On April 1, 2022, the Partnership effected a one-for-three reverse unit split of its outstanding BUCs (the “Reverse Unit Split”). On October 31, 2022, the Partnership completed a distribution in the form of additional BUCs at a ratio of 0.01044 BUCs for each BUC outstanding as of September 30, 2022 (the “Third Quarter BUCs Distribution”). On January 31, 2023, the Partnership completed a distribution in the form of additional BUCs at a ratio of 0.0105 BUCs for each BUC outstanding as of December 30, 2022 (the “Fourth Quarter BUCs Distribution”, collectively with the Third Quarter BUCs Distribution, the “BUCs Distributions”). The amounts indicated in the Consolidated Statements of Operations have been adjusted to reflect both the Reverse Unit Split and the BUCs Distributions on a retroactive basis.