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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Rental income $ 16,460,006 $ 14,980,116
Laundry and sundry income 120,403 108,673
Total Revenues 16,580,409 15,088,789
Expenses    
Administrative 707,786 652,186
Depreciation and amortization 4,020,768 3,905,918
Management fee 673,084 605,391
Operating 2,676,208 2,045,968
Renting 169,389 261,966
Repairs and maintenance 2,279,651 1,970,087
Taxes and insurance 2,276,573 2,252,134
Total Expenses 12,803,459 11,693,650
Income Before Other Income (Expense) 3,776,950 3,395,139
Other Income (Expense)    
Interest income 34 21
Interest expense (3,454,635) (3,364,170)
Income from investments in unconsolidated joint ventures 20,069 (325,170)
Total Other Income (Expense) (3,434,532) (3,689,319)
Net (Loss) Income $ 342,418 $ (294,180)
Income per Unit    
Net (Loss) Income per Unit (in dollars per unit) $ 2.82 $ (2.42)
Weighted Average Number of Units Outstanding (in units) 121,247 121,756