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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Rental income $ 23,956,464 $ 20,496,120
Laundry and sundry income 204,663 192,774
Total Revenues 24,161,127 20,688,894
Expenses    
Administrative 1,389,306 621,266
Depreciation and amortization 7,965,210 3,904,983
Management fee 915,818 818,409
Operating 5,183,820 3,278,374
Renting 456,340 278,329
Repairs and maintenance 3,301,085 2,858,269
Taxes and insurance 3,453,366 2,695,817
Total Expenses 22,664,945 14,455,447
Income Before Other Income (Expense) 1,496,182 6,233,447
Other Income (Expense)    
Interest income 116,134 991,075
Interest expense (5,712,327) (3,791,432)
Income from investments in unconsolidated joint ventures 343,302 362,629
(Loss) on Sale of Real Estate (150,963)  
Total Other Income (Expense) (5,403,854) (2,437,728)
Net income $ (3,907,672) $ 3,795,719
Income per Unit    
Net Income per Unit $ (33.61) $ 32.53
Weighted Average Number of Units Outstanding 116,254 116,674