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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Dec. 31, 2020
ASSETS        
Rental Properties $ 248,407,550 $ 251,355,202    
Cash and Cash Equivalents 92,265,466 96,083,508    
Rents Receivable 625,819 935,303    
Real Estate Tax Escrows 1,169,877 861,697    
Prepaid Expenses and Other Assets 6,273,580 6,183,981    
Investments in Unconsolidated Joint Ventures 1,460,630 1,455,888    
Total Assets 350,202,922 356,875,579    
LIABILITIES AND PARTNERS' CAPITAL        
Mortgage Notes Payable 369,970,778 370,481,390    
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture 23,417,093 22,992,420    
Accounts Payable and Accrued Expenses 4,606,387 4,324,879    
Advance Rental Payments and Security Deposits 8,317,801 8,369,497    
Total Liabilities 406,312,059 406,168,186    
Partners' Capital 121,516 and 121,756 units outstanding in 2021 and 2020 respectively (56,109,137) (49,292,607) $ (42,932,085) $ (41,469,045)
Total Liabilities and Partners' Capital $ 350,202,922 $ 356,875,579