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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues:    
Property revenues $ 8,081,029 $ 9,074,805
Investment income 50,222,435 51,479,641
Contingent interest income 3,045,462 9,322,849
Other interest income 851,123 7,636,226
Other income 117,964 3,842,055
Total revenues 62,318,013 81,355,576
Expenses:    
Real estate operating (exclusive of items shown below) 4,473,558 5,300,296
Impairment of securities   1,141,020
Impairment charge on real estate assets 75,000 150,000
Depreciation and amortization 3,091,417 3,556,265
Interest expense 24,717,294 24,863,056
General and administrative 15,564,403 13,082,023
Total expenses 47,921,672 48,092,660
Other Income:    
Gain on sales of real estate assets, net   4,051,429
Gain on sale of investments in unconsolidated entities 16,141,797 2,904,087
Income before income taxes 30,538,138 40,218,432
Income tax expense (benefit) 45,987 (921,097)
Net income 30,492,151 41,139,529
Redeemable Series A Preferred Unit distributions and accretion (2,871,051) (2,871,050)
Net income available to Partners 27,621,100 38,268,479
Net income available to Partners allocated to:    
General Partner 2,102,874 2,285,943
Net income available to Partners and noncontrolling interest $ 27,621,100 $ 38,268,479
BUC holders' interest in net income per BUC, basic and diluted $ 0.42 $ 0.60
Weighted average number of BUCs outstanding, basic 60,551,775 60,028,120
Weighted average number of BUCs outstanding, diluted 60,551,775 60,028,120
Beneficial Unit Certificate Holders [Member]    
Net income available to Partners allocated to:    
Limited Partners $ 25,423,398 $ 35,755,806
Restricted Unitholders [Member]    
Net income available to Partners allocated to:    
Limited Partners $ 94,828 $ 226,730