FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2025

FAIR VALUE MEASUREMENTS

Schedule of carrying amounts and estimated fair value of debt

	June 30, 2025		Dec 31, 2024
	Carrying Value	Fair Value	Carrying Value	Fair Value
Assets
Cash equivalents	16,677,504	16,677,504	17,615,940	17,615,940
Treasury bills	—	—	83,586,405	83,638,670
Total Assets	16,677,504	16,677,504	101,202,345	101,254,610
Liabilities
Mortgage payable *
- Partnership properties	511,175,005	467,475,654	406,205,910	351,384,919
- Investment properties	172,223,009	165,637,202	172,287,696	161,536,968
Total Liabilities	683,398,014	633,112,856	578,493,606	512,921,887

* Net of unamortized deferred financing costs