Tenant in Common Investment (Tables)

12 Months Ended

Dec. 31, 2022

Tenant In Common Investment [Abstract]

Condensed Income Statement of Tenant in Common Investment

The condensed income statements for the twelve months ended December 31, 2022 and 2021 for the tenancy-in-common investment is as follows:

	Twelve Months ended Dec 31,
	2022			2021
Total revenue	$	372,556		$	141,906
Total expenses	$	262,942		$	107,988
Operating income		109,614			33,918
Loss on debt extinguishment		(31,851	)		-
Net income	$	77,763		$	33,918
GIP, LP's Share	$	37,298		$	12,495

Condensed Balance Sheet of Tenant in Common Investment

The condensed balance sheets as of December 31, 2022 and December 31, 2021 for the tenants in common investment is as follows:

	As of December 31,		As of December 31,
	2022		2021
Net real estate investments	$	4,503,120	$	4,621,135
Deferred rent asset		7,132		2,108
Prepaid expenses		343		522
Due from related party		21,710		42,624
Total Assets	$	4,532,305	$	4,666,389
Accounts payable and accrued expenses	$	6,738	$	14,566
Prepaid rent		30,550		-
Acquired lease intangible liabilities, net		35,561		42,993
Mortgage loan, net of unamortized debt issuance costs		2,088,116		2,677,446
Total Liabilities	$	2,160,965	$	2,735,005
GIP, LP	$	1,218,268	$	725,082
SUNNY RIDGE MHP, LLC		1,153,072		1,206,302
Total Tenants in Common Equity	$	2,371,340	$	1,931,384
Total Liabilities and Tenants in Common Equity	$	4,532,305	$	4,666,389