RENTAL PROPERTIES (Tables)

3 Months Ended

Mar. 31, 2024

RENTAL PROPERTIES

Schedule of rental properties

	March 31, 2024		December 31, 2023		Useful Life
Land, improvements and parking lots	$	99,249,928	$	99,162,143	15	-	40	years
Buildings and improvements		278,027,649		277,986,334	15	-	40	years
Construction in progress		3,361,078		—			N/A
Kitchen cabinets		16,356,947		16,137,828	5	-	10	years
Carpets		13,429,753		13,127,838	5	-	10	years
Air conditioning		500,000		500,000	5	-	10	years
Laundry equipment		568,716		568,716	5	-	7	years
Elevators		1,885,265		1,885,265	20	-	40	years
Swimming pools		1,090,604		1,090,604	10	-	30	years
Equipment		21,599,934		21,348,556	5	-	30	years
Motor vehicles		232,954		232,954			5	years
Fences		91,620		91,620	5	-	15	years
Furniture and fixtures		8,609,685		8,365,039	5	-	7	years
Total fixed assets		445,004,133		440,496,897
Less: Accumulated depreciation		(174,747,433)		(170,691,951)
	$	270,256,700	$	269,804,946