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v3.8.0.1

CONSOLIDATED STATEMENTS OF INCOME - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015
Revenues |  |  |
Rental income | $ 52,370,221 | $ 49,121,705 | $ 45,074,655
Laundry and sundry income | 457,167 | 433,385 | 406,059
Total Revenues | 52,827,388 | 49,555,090 | 45,480,714
Expenses |  |  |
Administrative | 2,008,107 | 2,102,812 | 2,096,290
Depreciation and amortization | 13,462,395 | 12,181,396 | 10,562,707
Management fee | 2,159,458 | 2,029,171 | 1,869,977
Operating | 5,227,502 | 4,822,921 | 4,939,662
Renting | 632,232 | 636,803 | 487,225
Repairs and maintenance | 8,378,639 | 8,258,263 | 6,998,592
Taxes and insurance | 6,814,089 | 6,263,774 | 5,643,507
Income Before Other Income (Expense) | 14,144,966 | 13,259,950 | 12,882,754
Other Income (Expense) |  |  |
Interest income | 1,284 | 1,025 | 1,596
Interest expense | (11,114,146) | (10,200,393) | (9,980,359)
Income from investments in unconsolidated joint ventures | 3,905,827 | 1,785,827 | 868,574
Gain on sale of real estate |  | 104,443 |
Total Other Income (Expense) | (7,207,035) | (8,309,098) | (9,110,189)
Income from Continuing Operations | 6,937,931 | 4,950,852 | 3,772,565
Net Income | $ 6,937,931 | $ 4,950,852 | $ 3,772,565
Income per Unit |  |  |
Net Income per Unit (in dollars per unit) | $ 55.77 | $ 39.62 | $ 29.86
Weighted Average Number of Units Outstanding (in units) | 124,392 | 124,951 | 126,361

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