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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2020
ASSETS        
Rental Properties $ 245,429,217 $ 251,355,202    
Cash and Cash Equivalents 132,631,027 96,083,508    
Rents Receivable 653,060 935,303    
Real Estate Tax Escrows 1,846,108 861,697    
Prepaid Expenses and Other Assets 7,836,007 6,183,981    
Investments in Unconsolidated Joint Ventures 1,463,665 1,455,888    
Total Assets 389,859,084 356,875,579    
LIABILITIES AND PARTNERS' CAPITAL        
Mortgage Notes Payable 411,900,371 370,481,390    
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture 24,097,346 22,992,420    
Accounts Payable and Accrued Expenses 4,040,223 4,324,879    
Advance Rental Payments and Security Deposits 9,193,906 8,369,497    
Total Liabilities 449,231,846 406,168,186    
Partners' Capital 120,927 and 119,942 units outstanding in 2022 and 2021 respectively (59,372,762) (49,292,607) $ (43,531,055) $ (41,469,045)
Total Liabilities and Partners' Capital $ 389,859,084 $ 356,875,579