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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Rental income $ 20,496,120 $ 19,710,432
Laundry and sundry income 192,774 182,967
Total Revenues 20,688,894 19,893,399
Expenses    
Administrative 621,266 762,019
Depreciation and amortization 3,904,983 4,227,582
Management fee 818,409 788,607
Operating 3,278,374 2,645,493
Renting 278,329 387,599
Repairs and maintenance 2,858,269 2,847,957
Taxes and insurance 2,695,817 2,482,368
Total Expenses 14,455,447 14,141,625
Income Before Other Income (Expense) 6,233,447 5,751,774
Other Income (Expense)    
Interest income 991,075 1,177,547
Interest expense (3,791,432) (3,907,016)
Income from investments in unconsolidated joint ventures 362,629 441,291
Total Other Income (Expense) (2,437,728) (2,288,178)
Net Income $ 3,795,719 $ 3,463,596
Income per Unit    
Net Income per Unit $ 32.53 $ 29.51
Weighted Average Number of Units Outstanding 116,674 117,354