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RENTAL PROPERTIES (Tables)
6 Months Ended
Jun. 30, 2025
RENTAL PROPERTIES.  
Schedule of rental properties

    

June 30, 2025

    

December 31, 2024

    

Useful Life

 

Land, improvements and parking lots

$

143,699,001

$

101,397,349

15

-

40

years

Buildings and improvements

 

384,616,677

 

279,272,215

15

-

40

years

Construction in Progress

30,812,730

16,758,245

N/A

Kitchen cabinets

 

24,437,570

 

14,187,702

5

-

10

years

Carpets

 

21,307,633

 

14,545,300

5

-

10

years

Air conditioning

 

500,000

 

500,000

5

-

10

years

Laundry equipment

 

497,107

 

475,931

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

 

23,387,908

 

21,911,223

5

-

30

years

Motor vehicles

 

236,697

 

236,697

5

years

Fences

 

130,005

 

101,506

5

-

15

years

Furniture and fixtures

 

17,731,603

 

9,047,454

5

-

7

years

Total fixed assets

 

650,332,800

 

461,409,491

Less: Accumulated depreciation

 

(190,989,676)

 

(182,892,842)

$

459,343,124

$

278,516,649