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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Rental income $ 16,253,430 $ 14,768,475
Laundry and sundry income 122,154 113,669
Total Revenues 16,375,584 14,882,144
Expenses    
Administrative 584,658 612,757
Depreciation and amortization 4,565,467 3,682,678
Management fee 648,993 590,610
Operating 1,668,402 1,884,017
Renting 196,871 182,058
Repairs and maintenance 2,086,218 1,944,231
Taxes and insurance 2,280,541 2,034,106
Total Expenses 12,031,150 10,930,457
Income Before Other Income (Expense) 4,344,434 3,951,687
Other Income (Expense)    
Interest income 107 179
Interest expense (3,450,325) (3,000,289)
Income from investments in unconsolidated joint ventures 474,567 548,939
Total Other Income (Expense) (2,975,651) (2,451,171)
Net Income $ 1,368,783 $ 1,500,516
Income per Unit    
Net Income per Unit (in dollars per unit) $ 11.23 $ 12.21
Weighted Average Number of Units Outstanding (in units) 121,877 122,941