XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Rental Properties $ 456,339,814 $ 278,516,649
Real Estate Assets Held for Sale 3,003,310  
Cash and Cash Equivalents 16,677,504 17,615,940
Rents Receivable 1,295,709 1,220,761
Real Estate Tax Escrows 2,534,266 2,598,073
Investment in U.S. Treasury Bills   83,586,405
Prepaid Expenses and Other Assets 13,516,193 8,553,360
Investments in Unconsolidated Joint Ventures 1,408,780 1,417,470
Total Assets 494,775,576 393,508,658
LIABILITIES AND PARTNERS' CAPITAL    
Mortgage Notes Payable 511,175,005 406,205,910
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture 30,513,007 30,531,881
Accounts Payable and Accrued Expenses 9,640,987 9,004,962
Advance Rental Payments and Security Deposits 12,419,915 10,199,807
Total Liabilities 563,748,914 455,942,560
Commitments and Contingent Liabilities (Notes 3 and 9)
Partners' Capital 116,551 and 116,676 units outstanding in 2025 and 2024 respectively (68,973,338) (62,433,902)
Total Liabilities and Partners' Capital $ 494,775,576 $ 393,508,658