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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Investment income $ 11,543,423 $ 12,407,876
Property revenues 1,952,247 1,993,629
Contingent interest income 12,043 3,012,102
Other interest income 228,422 222,238
Other income   28,753
Total revenues 13,736,135 17,664,598
Expenses:    
Real estate operating (exclusive of items shown below) 1,175,374 1,176,818
Provision for credit loss (Note 6) 1,357,681 0
Depreciation and amortization 709,438 820,808
Interest expense 6,017,968 6,394,920
General and administrative 2,898,526 2,778,591
Total expenses 12,158,987 11,171,137
Other Income:    
Gain on sale of securities 1,416,023  
Income before income taxes 2,993,171 6,493,461
Income tax expense 11,414 41,648
Net income 2,981,757 6,451,813
Redeemable Series A Preferred Unit distributions and accretion (717,763) (717,763)
Net income available to Partners 2,263,994 5,734,050
Net income (loss) available to Partners allocated to:    
General Partner (53,404) 780,245
Net income available to Partners and noncontrolling interest $ 2,263,994 $ 5,734,050
BUC holders' interest in net income per BUC, basic and diluted $ 0.04 $ 0.08
Weighted average number of BUCs outstanding, basic 60,754,179 60,426,177
Weighted average number of BUCs outstanding, diluted 60,754,179 60,426,177
Beneficial Unit Certificate Holders [Member]    
Net income (loss) available to Partners allocated to:    
Limited Partners $ 2,312,216 $ 4,920,644
Restricted Unitholders [Member]    
Net income (loss) available to Partners allocated to:    
Limited Partners $ 5,182 $ 33,161