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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Rental Properties $ 272,299,577 $ 241,076,431
Cash and Cash Equivalents 16,141,398 49,560,723
Rents Receivable 929,320 655,814
Real Estate Tax Escrows 2,202,737 1,943,680
Investment in U.S. Treasury Bills 83,252,673 88,332,133
Prepaid Expenses and Other Assets 9,894,284 8,814,112
Investments in Unconsolidated Joint Ventures 1,438,255 1,437,387
Total Assets 386,158,244 391,820,280
LIABILITIES AND PARTNERS' CAPITAL    
Mortgage Notes Payable 409,253,129 410,966,199
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture 26,377,405 24,419,129
Accounts Payable and Accrued Expenses 5,541,429 7,271,729
Advance Rental Payments and Security Deposits 9,638,465 9,032,580
Total Liabilities 450,810,428 451,689,637
Commitments and Contingent Liabilities (Notes 3 and 9)
Partners' Capital 118,037 and 119,255 units outstanding in 2023 and 2022 respectively (64,652,184) (59,869,357)
Total Liabilities and Partners' Capital $ 386,158,244 $ 391,820,280