FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2025

FAIR VALUE MEASUREMENTS

Schedule of carrying amounts and estimated fair value of debt

	March 31, 2025		Dec 31, 2024
	Carrying Value	Fair Value	Carrying Value	Fair Value
Assets
Cash equivalents	30,863,737	30,863,737	17,615,940	17,615,940
Treasury bills	58,032,985	58,036,276	83,586,405	83,638,670
Total Assets	88,896,722	88,900,013	101,202,345	101,254,610
Liabilities
Mortgage payable *
- Partnership properties	405,484,379	355,043,778	406,205,910	351,384,919
- Investment properties	172,254,789	163,319,352	172,287,696	161,536,968
Total Liabilities	577,739,168	518,363,130	578,493,606	512,921,887

* Net of unamortized deferred financing costs