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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities      
Net Income $ 6,031,256 $ 15,661,587 $ 8,453,950
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 23,263,058 16,983,336 16,773,045
Amortization of deferred finance costs 563,269 379,784 379,784
(Income) from investments in joint ventures (1,473,960) (1,282,102) (876,233)
Interest Accrued on Treasury Bills   206,525 (571,122)
Property Impairment 400,000   971,109
Change in operating assets and liabilities      
Proceeds from unconsolidated joint ventures 107,500 132,500 139,000
(Increase) in rents receivable (207,292) (267,000) (297,947)
(Decrease) Increase in accounts payable and accrued expense (492,901) 511,328 (1,551,636)
(Increase) in real estate tax escrow (459,616) (368,370) (286,023)
(Increase) Decrease in prepaid expenses and other assets (2,163,830) (226,029) 83,670
Increase in advance rental payments and security deposits 2,088,496 202,920 964,307
Total Adjustments 21,624,724 16,272,892 15,727,954
Net cash provided by operating activities 27,655,980 31,934,479 24,181,904
Cash Flows From Investing Activities      
Distribution in excess of investment in unconsolidated joint ventures 1,640,000 4,997,500 3,602,000
Investment in U.S. Treasury Bills (31,060,131) (181,116,086) (176,450,397)
Proceeds from U.S. Treasury Bills 116,027,967 182,023,907 181,226,384
Improvement of rental properties (14,794,315) (10,023,881) (9,288,744)
Developing of rental property and other related costs (17,244,054) (12,457,016)  
Purchase of rental property (108,885,341)   (38,032,293)
Net cash (used in) investing activities (54,315,874) (16,575,576) (38,943,050)
Cash Flows from Financing Activities      
Payment of financing costs (1,597,538) (225,570) (3,000)
Proceeds of mortgage notes payable 77,002,520    
Principal payments of mortgage notes payable (22,077,337) (2,834,166) (2,685,691)
Stock buyback (821,186) (1,669,131) (3,925,535)
Distributions to partners (16,793,527) (11,244,559) (9,954,888)
Net cash provided by (used in) financing activities 35,712,932 (15,973,426) (16,569,114)
Net Increase (Decrease) in Cash and Cash Equivalents 9,053,038 (614,523) (31,330,260)
Cash and Cash Equivalents, at beginning of period 17,615,940 18,230,463 49,560,723
Cash and Cash Equivalents, at end of period $ 26,668,978 $ 17,615,940 $ 18,230,463