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CONSOLIDATED STATEMENTS OF INCOME - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2017 | Mar. 31, 2016
Revenues |  |
Rental income | $ 12,631,445 | $ 12,072,856
Laundry and sundry income | 112,162 | 110,432
Total Revenues | 12,743,607 | 12,183,288
Expenses |  |
Administrative | 525,736 | 498,255
Depreciation and amortization | 2,973,056 | 3,027,154
Management fee | 536,715 | 500,207
Operating | 1,713,961 | 1,424,247
Renting | 86,203 | 87,264
Repairs and maintenance | 1,455,621 | 1,627,700
Taxes and insurance | 1,710,404 | 1,603,870
Total Expenses | 9,001,696 | 8,768,697
Income Before Other Income (Expense) | 3,741,911 | 3,414,591
Other Income (Expense) |  |
Interest income | 312 | 202
Interest expense | (2,520,826) | (2,553,633)
Income from investments in unconsolidated joint ventures | 672,837 | 369,604
Total Other Income (Expense) | (1,847,677) | (2,183,827)
Net Income | $ 1,894,234 | $ 1,230,764
Income per Unit |  |
Income before discontinued operations | $ 15.23 | $ 9.84
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax | $ 15.23 | $ 9.84
Weighted Average Number of Units Outstanding (in units) | 124,409 | 125,140

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