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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Rental income $ 14,980,116 $ 16,253,430
Laundry and sundry income 108,673 122,154
Total Revenues 15,088,789 16,375,584
Expenses    
Administrative 652,186 584,658
Depreciation and amortization 3,905,918 4,565,467
Management fee 605,391 648,993
Operating 2,045,968 1,668,402
Renting 261,966 196,871
Repairs and maintenance 1,970,087 2,086,218
Taxes and insurance 2,252,134 2,280,541
Total Expenses 11,693,650 12,031,150
Income Before Other Income (Expense) 3,395,139 4,344,434
Other Income (Expense)    
Interest income 21 107
Interest expense (3,364,170) (3,450,325)
Income (Loss) from investments in unconsolidated joint ventures (325,170) 474,567
Total Other Income (Expense) (3,689,319) (2,975,651)
Net Inocme (Loss) $ (294,180) $ 1,368,783
Income per Unit    
Net Inocme (Loss) per Unit (in dollars per unit) $ (2.42) $ 11.23
Weighted Average Number of Units Outstanding (in units) 121,756 121,877