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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Rental income $ 61,661,551 $ 60,012,174 $ 57,535,734
Laundry and sundry income 441,159 465,140 478,330
Total Revenues 62,102,710 60,477,314 58,014,064
Expenses      
Administrative 2,209,780 2,495,272 2,204,923
Depreciation and amortization 18,410,811 14,684,248 15,568,973
Management fee 2,452,814 2,409,151 2,326,225
Operating 5,766,160 5,682,264 5,542,605
Renting 864,542 953,043 779,503
Repairs and maintenance 8,781,789 9,191,561 9,187,714
Taxes and insurance 8,647,781 7,790,008 7,485,749
Total Expenses 47,133,677 43,205,547 43,095,692
Income Before Other Income (Expense) 14,969,033 17,271,767 14,918,372
Other Income (Expense)      
Interest income 195 607 344
Interest expense (13,705,415) (12,201,966) (12,389,680)
Income from investments in unconsolidated joint ventures 160,715 1,678,554 1,640,054
Other Income (Loss)   (201,710)  
Total Other Income (Expense) (13,544,505) (10,724,515) (10,749,282)
Net (Loss) Income $ 1,424,528 $ 6,547,252 $ 4,169,090
Income per Unit      
Net (Loss) Income per Unit (in dollars per unit) $ 11.70 $ 53.48 $ 33.52
Weighted Average Number of Units Outstanding (in units) 121,786 122,422 124,386