RENTAL PROPERTIES (Tables)

3 Months Ended

Mar. 31, 2019

RENTAL PROPERTIES

Schedule of rental properties

	March 31, 2019		December 31, 2018		Useful Life
Land, improvements and parking lots	$	72,547,547	$	72,547,547	15	-	40	years
Buildings and improvements		221,837,652		221,697,939	15	-	40	years
Kitchen cabinets		12,247,767		12,134,519	5	-	10	years
Carpets		7,773,940		7,591,591	5	-	10	years
Air conditioning		603,149		603,149	5	-	10	years
Laundry equipment		349,071		327,643	5	-	7	years
Elevators		1,873,847		1,839,590	20	-	40	years
Swimming pools		444,629		444,629	10	-	30	years
Equipment		13,016,249		12,919,389	5	-	30	years
Motor vehicles		216,260		216,260			5	years
Fences		38,213		38,213	5	-	15	years
Furniture and fixtures		7,102,834		7,013,845	5	-	7	years
Smoke alarms		528,097		528,097	5	-	7	years
Total fixed assets		338,579,255		337,902,411
Less: Accumulated depreciation		(110,919,198)		(107,391,148)
	$	227,660,057	$	230,511,263