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CONSOLIDATED STATEMENTS OF INCOME - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2016 | Mar. 31, 2015
Revenues |  |
Rental income | $ 12,072,856 | $ 10,972,792
Laundry and sundry income | 110,432 | 102,728
Total Revenues | 12,183,288 | 11,075,520
Expenses |  |
Administrative | 498,255 | 533,077
Depreciation and amortization | 3,027,154 | 2,441,527
Management fee | 500,207 | 450,704
Operating | 1,424,247 | 2,086,185
Renting | 87,264 | 65,926
Repairs and maintenance | 1,627,700 | 1,347,214
Taxes and insurance | 1,603,870 | 1,462,976
Total Expenses | 8,768,697 | 8,387,609
Income Before Other Income (Expense) and Discontinued Operations | 3,414,591 | 2,687,911
Other Income (Expense) |  |
Interest income | 202 | 195
Interest expense | (2,553,633) | (2,403,682)
Income (Loss) from investments in joint ventures | 369,604 | 125,234
Total Other Income (Expense) | (2,183,827) | (2,278,253)
Net Income | $ 1,230,764 | $ 409,658
Income per Unit |  |
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax | $ 9.84 | $ 3.22
Weighted Average Number of Units Outstanding (in units) | 125,140 | 127,073

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