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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Flows from Operating Activities    
Net (Loss) Income $ (5,908,151) $ 7,423,771
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 23,054,799 15,754,431
Amortization of deferred finance costs 418,156 393,023
(Income) from investments in joint ventures (881,132) (994,475)
Loss on sale of real estate 150,963  
Change in operating assets and liabilities    
Proceeds from unconsolidated joint ventures 70,000 62,500
(Increase) in rents receivable (391,676) (169,964)
(Decrease) in accounts payable and accrued expense (1,763,199) (2,032,286)
(Increase) Decrease in real estate tax escrow (318,581) (27,628)
(Increase) Decrease in prepaid expenses and other assets (758,205) (1,346,929)
(Decrease) Increase in advance rental payments and security deposits (606,550) 1,293,058
Total Adjustments 18,974,575 12,931,730
Net cash provided by operating activities 13,066,424 20,355,501
Cash Flows From Investing Activities    
Distribution in excess of investment in unconsolidated joint ventures 770,000 775,000
Investment in U.S. Treasury bills   (31,060,131)
Proceeds from U.S. Treasury bills   116,027,967
Developing of rental property and other related costs   (12,475,634)
Purchase of rental property   (108,885,341)
Improvement of rental properties (8,947,647) (9,323,122)
Net proceeds from the sale of real estate 2,438,747  
Net cash (used in) investing activities (5,738,900) (44,941,261)
Cash Flows from Financing Activities    
Principal payments of mortgage notes payable (5,828,657) (21,274,632)
Proceeds from Mortgage Notes Payable   57,429,410
Stock buyback (1,419,493) (398,471)
Distributions to partners (4,169,087) (15,412,282)
Net cash (used in) provided by financing activities (11,417,237) 20,344,025
Net (Decrease) in Cash and Cash Equivalents (4,089,713) (4,241,735)
Cash and Cash Equivalents, at beginning of period 26,668,978 17,615,940
Cash and Cash Equivalents, at end of period $ 22,579,265 $ 13,374,205