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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Property revenues $ 2,336,512 $ 3,729,778
Investment income 13,378,486 11,470,186
Contingent interest income   132,650
Other interest income 743,036 645,137
Other income   62,637
Total revenues 16,458,034 16,040,388
Expenses:    
Real estate operating (exclusive of items shown below) 1,395,493 2,484,216
Depreciation and amortization 906,315 1,592,826
Amortization of deferred financing costs 464,772 740,238
Interest expense 4,882,305 5,442,253
General and administrative 2,811,845 3,130,880
Total expenses 10,460,730 13,390,413
Other Income:    
Gain on sale of real estate assets, net   7,168,587
Income before income taxes 5,997,304 9,818,562
Income tax expense (benefit) (7,000) 2,458,047
Net income 6,004,304 7,360,515
Net income attributable to noncontrolling interest   71,653
Partnership net income 6,004,304 7,288,862
Redeemable Series A preferred unit distributions and accretion (717,763) (324,642)
Net income available to Partners 5,286,541 6,964,220
Net income available to Partners and noncontrolling interest allocated to:    
General Partner 52,865 1,147,072
Net income attributable to noncontrolling interest   71,653
Net income available to Partners and noncontrolling interest $ 5,286,541 $ 7,035,873
Net income per Unit, basic and diluted $ 0.09 $ 0.10
Distributions declared, per Unit $ 0.125 $ 0.125
Weighted average number of Units outstanding, basic 60,124,333 60,037,687
Weighted average number of Units outstanding, diluted 60,124,333 60,037,687
Unitholders [Member]    
Net income available to Partners and noncontrolling interest allocated to:    
Limited Partners $ 5,199,401 $ 5,794,702
Restricted Unitholders [Member]    
Net income available to Partners and noncontrolling interest allocated to:    
Limited Partners $ 34,275 $ 22,446