Tenant in Common Investment (Tables)

3 Months Ended

Mar. 31, 2023

Tenant In Common Investment [Abstract]

Condensed Income Statement of Tenant in Common Investment

The condensed income statements for the three months ended March 31, 2023 and 2022 are as follows:

	Three Months ended March 31,
	2023		2022
Total revenue	$	93,139	$	93,139
Total expenses	$	64,335	$	69,924
Net income	$	28,804	$	23,215
GIP, LP's Share	$	14,402	$	8,552

Condensed Balance Sheets of Tenant in Common Investment

The condensed balance sheets of the tenant in common investment as of March 31, 2023 and December 31, 2022, respectively, are as follows:

	As of March 31,		As of December 31,
	2023		2022
Net real estate investments	$	4,473,616	$	4,503,120
Deferred rent asset		6,764		7,132
Prepaid expenses		4,300		343
Due from related party		52,429		21,710
Total Assets	$	4,537,109	$	4,532,305
Accounts payable and accrued expenses	$	8,275	$	6,738
Prepaid rent		30,550		30,550
Acquired lease intangible liabilities, net		33,703		35,561
Mortgage loan, net of unamortized debt issuance costs		2,088,437		2,088,116
Total Liabilities	$	2,160,965	$	2,160,965
GIP, LP	$	1,232,670	$	1,218,268
SUNNY RIDGE MHP, LLC		1,143,474		1,153,072
Total Tenants in Common Equity	$	2,376,144	$	2,371,340
Total Liabilities and Tenants in Common Equity	$	4,537,109	$	4,532,305