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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Rental income $ 12,631,445 $ 12,072,856
Laundry and sundry income 112,162 110,432
Total Revenues 12,743,607 12,183,288
Expenses    
Administrative 525,736 498,255
Depreciation and amortization 2,973,056 3,027,154
Management fee 536,715 500,207
Operating 1,713,961 1,424,247
Renting 86,203 87,264
Repairs and maintenance 1,455,621 1,627,700
Taxes and insurance 1,710,404 1,603,870
Total Expenses 9,001,696 8,768,697
Income Before Other Income (Expense) 3,741,911 3,414,591
Other Income (Expense)    
Interest income 312 202
Interest expense (2,520,826) (2,553,633)
Income from investments in unconsolidated joint ventures 672,837 369,604
Total Other Income (Expense) (1,847,677) (2,183,827)
Net Income $ 1,894,234 $ 1,230,764
Income per Unit    
Income before discontinued operations $ 15.23 $ 9.84
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax $ 15.23 $ 9.84
Weighted Average Number of Units Outstanding (in units) 124,409 125,140