Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2025

Derivative [Line Items]

Summary of Realized and Unrealized Gains and Losses of Partnership's Derivative Instruments

The following tables are a summary of the realized and unrealized gains and losses of the Partnership's derivative instruments for the three months ended March 31, 2025 and 2024:

	For the Three Months ended March 31, 2025
	Realized (gains) losses on derivatives, net			Unrealized (gains) losses on derivatives, net		Net result from derivative transactions
Interest rate swaps	$	(847,059	)	$	3,883,196	$	3,036,137

	For the Three Months ended March 31, 2024
	Realized (gains) losses on derivatives, net			Unrealized (gains) losses on derivatives, net			Net result from derivative transactions
Interest rate swaps	$	(1,663,449	)	$	(4,604,445	)	$	(6,267,894	)
Interest rate cap		-			230			230
Total	$	(1,663,449	)	$	(4,604,215	)	$	(6,267,664	)

Summary of Partnership's Interest Rate Derivative Agreements

The following tables summarize the Partnership’s interest rate derivative agreements as of March 31, 2025 and December 31, 2024:

			Fair Value as of March 31, 2025
Contract Type	Notional Amount		Asset		Liability			Weighted Average Remaining Maturity (Years)
Swaps
SOFR		412,171,424	$	3,831,729	$	(1,400,096	)		2.44

			Fair Value as of December 31, 2024
Contract Type	Notional Amount		Asset		Liability			Weighted Average Remaining Maturity (Years)
Swaps
SOFR		416,989,686	$	6,980,820	$	(609,766	)		2.68

Summary of Average Notional Amount and Weighted Average Fixed Rate by Year

The following table summarizes the average notional amount and weighted average fixed rate by year for our interest rate swaps as of March 31, 2025:

Year	Average Notional		Weighted Average Fixed Rate Paid
Remainder of 2025	$	307,461,918		3.38	%
2026		300,528,466		3.42	%
2027		217,943,332		3.50	%
2028		155,697,132		3.55	%
2029		119,142,299		3.47	%
2030		19,392,800		3.77	%
2031		11,799,667		3.79	%
2032		9,583,000		3.71	%
2033		6,577,667		3.84	%
2034		2,537,500		3.91	%