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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Rental income $ 17,568,727 $ 16,460,006
Laundry and sundry income 122,959 120,403
Total Revenues 17,691,686 16,580,409
Expenses    
Administrative 737,101 707,786
Depreciation and amortization 3,846,260 4,020,768
Management fee 697,764 673,084
Operating 2,533,796 2,676,208
Renting 191,585 169,389
Repairs and maintenance 2,763,136 2,279,651
Taxes and insurance 2,470,679 2,276,573
Total Expenses 13,240,321 12,803,459
Income Before Other Income (Expense) 4,451,365 3,776,950
Other Income (Expense)    
Interest income 974,546 34
Interest expense (3,899,240) (3,454,635)
Income from investments in unconsolidated joint ventures 227,704 20,069
Total Other Income (Expense) (2,696,990) (3,434,532)
Net Income $ 1,754,375 $ 342,418
Income per Unit    
Net Income per Unit $ 14.89 $ 2.82
Weighted Average Number of Units Outstanding 117,861 121,247