FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2023

FAIR VALUE MEASUREMENTS

Schedule of carrying amounts and estimated fair value of debt

	March 31, 2023		Dec 31, 2022
	Carrying Value	Fair Value	Carrying Value	Fair Value
Assets
Cash equivalents	24,654,625	24,654,625	49,560,723	49,560,723
Treasury bills	97,759,876	98,616,960	88,332,133	88,908,540
Total Assets	122,414,501	123,271,585	137,892,856	138,469,263
Liabilities
Mortgage payable *
- Partnership properties	410,449,284	369,932,494	410,966,199	355,629,060
- Investment properties	166,061,428	158,229,915	166,090,966	153,710,522
Total Liabilities	576,510,712	528,162,409	577,057,165	509,339,582

* Net of unamortized deferred financing costs