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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Rental income $ 24,037,856 $ 23,491,296 $ 72,177,913 $ 65,025,406
Laundry and sundry income 202,850 195,375 627,258 590,267
Total Revenues 24,240,706 23,686,671 72,805,171 65,615,673
Expenses        
Administrative 837,644 871,135 3,123,463 2,160,314
Depreciation and amortization 6,987,779 7,374,701 23,054,799 15,754,431
Management fee 942,883 908,425 2,786,306 2,561,266
Operating 2,038,313 1,601,327 9,476,858 6,583,851
Renting 840,855 488,217 1,872,012 1,022,744
Repairs and maintenance 4,560,052 4,587,034 12,025,580 10,927,118
Taxes and insurance 3,335,504 3,111,531 10,229,917 8,564,628
Total Expenses 19,543,030 18,942,370 62,568,935 47,574,352
Income Before Other Income (Expense) 4,697,676 4,744,301 10,236,236 18,041,321
Other Income (Expense)        
Interest income 90,138 36,981 311,530 1,765,468
Interest expense (5,742,070) (5,449,905) (17,186,086) (13,377,493)
Income from investments in unconsolidated joint ventures 111,086 146,795 881,132 994,475
(Loss) on Sale of Real Estate     (150,963)  
Total Other Income (Expense) (5,540,846) (5,266,129) (16,144,387) (10,617,550)
Net (Loss) Income $ (843,170) $ (521,828) $ (5,908,151) $ 7,423,771
Income per Unit        
Net (Loss) Income per Unit $ (7.29) $ (4.48) $ (50.95) $ 63.67
Weighted Average Number of Units Outstanding 115,582 116,520 115,950 116,600