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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Rental income $ 14,768,475 $ 13,942,645
Laundry and sundry income 113,669 116,355
Total Revenues 14,882,144 14,059,000
Expenses    
Administrative 612,757 539,145
Depreciation and amortization 3,682,678 3,507,091
Management fee 590,610 559,629
Operating 1,884,017 1,900,766
Renting 182,058 107,899
Repairs and maintenance 1,944,231 1,814,283
Taxes and insurance 2,034,106 1,868,483
Total Expenses 10,930,457 10,297,296
Income Before Other Income (Expense) 3,951,687 3,761,704
Other Income (Expense)    
Interest income 179 164
Interest expense (3,000,289) (2,984,210)
Income from investments in unconsolidated joint ventures 548,939 1,100,900
Total Other Income (Expense) (2,451,171) (1,883,146)
Net Income $ 1,500,516 $ 1,878,558
Income per Unit    
Net Income per Unit (in dollars per unit) $ 12.21 $ 15.10
Weighted Average Number of Units Outstanding (in units) 122,941 124,386