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Tenancy-in-Common Investment (Tables)
9 Months Ended
Sep. 30, 2023
Tenant In Common Investment [Abstract]  
Condensed Income Statement of Tenant in Common Investment

The condensed income statements for the three and nine months ended September 30, 2023 are as follows:

 

 

January 1 to September 7,

 

Nine months ended September 30

 

 

July 1 to September 7,

 

Three months ended September 30

 

 

2023

 

2022

 

 

2023

 

2022

 

Total revenue

$

267,454

 

$

279,417

 

 

$

73,584

 

$

93,139

 

Total expenses

$

201,909

 

$

196,718

 

 

$

66,860

 

$

62,581

 

Operating income

$

65,545

 

$

82,699

 

 

$

6,724

 

$

30,558

 

Loss on debt extinguishment

$

-

 

$

(31,851

)

 

$

-

 

$

-

 

Net income

$

65,545

 

$

50,848

 

 

$

6,724

 

$

30,558

 

GIP, LP's Share

$

32,773

 

$

23,841

 

 

$

3,362

 

$

16,751