RENTAL PROPERTIES (Tables)

6 Months Ended

Jun. 30, 2019

RENTAL PROPERTIES

Schedule of rental properties

	June 30, 2019		December 31, 2018		Useful Life
Land, improvements and parking lots	$	72,554,622	$	72,547,547	15	-	40	years
Buildings and improvements		221,865,864		221,697,939	15	-	40	years
Kitchen cabinets		12,516,335		12,134,519	5	-	10	years
Carpets		8,022,028		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		1,885,265		1,839,590	20	-	40	years
Swimming pools		444,629		444,629	10	-	30	years
Equipment		13,110,356		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		7,484,510		7,013,845	5	-	7	years
Smoke alarms		528,097		528,097	5	-	7	years
Total fixed assets		339,618,399		337,902,411
Less: Accumulated depreciation		(114,480,889)		(107,391,148)
	$	225,137,510	$	230,511,263