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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Rental Properties $ 282,997,706 $ 278,516,649
Cash and Cash Equivalents 30,863,737 17,615,940
Rents Receivable 1,094,839 1,220,761
Real Estate Tax Escrows 2,531,833 2,598,073
Investment in U.S. Treasury Bills 58,032,985 83,586,405
Prepaid Expenses and Other Assets 8,284,247 8,553,360
Investments in Unconsolidated Joint Ventures 1,412,305 1,417,470
Total Assets 385,217,652 393,508,658
LIABILITIES AND PARTNERS' CAPITAL    
Mortgage Notes Payable 405,484,379 406,205,910
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture 30,646,589 30,531,881
Accounts Payable and Accrued Expenses 10,257,587 9,004,962
Advance Rental Payments and Security Deposits 10,206,881 10,199,807
Total Liabilities 456,595,436 455,942,560
Commitments and Contingent Liabilities (Notes 3 and 9)
Partners' Capital 116,673 and 117,431 units outstanding in 2025 and 2024 respectively (71,377,784) (62,433,902)
Total Liabilities and Partners' Capital $ 385,217,652 $ 393,508,658