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RENTAL PROPERTIES (Tables)

3 Months Ended

Mar. 31, 2018

RENTAL PROPERTIES

Schedule of rental properties

		March 31, 2018			December 31, 2017			Useful Life
Land, improvements and parking lots		$	71,906,637		$	65,087,214		15	-	40	years
Buildings and improvements			229,245,305			201,844,565		15	-	40	years
Kitchen cabinets			12,576,357			12,338,627		5	-	10	years
Carpets			8,954,788			8,802,831		5	-	10	years
Air conditioning			641,079			641,079		5	-	10	years
Laundry equipment			271,824			263,275		5	-	7	years
Elevators			1,139,296			1,139,296		20	-	40	years
Swimming pools			444,629			444,629		10	-	30	years
Equipment			11,329,576			11,163,864		5	-	30	years
Motor vehicles			216,260			216,260				5	years
Fences			37,465			37,465		5	-	15	years
Furniture and fixtures			9,516,987			9,390,021		5	-	7	years
Smoke alarms			582,471			582,471		5	-	7	years
Total fixed assets			346,862,674			311,951,597
Less: Accumulated depreciation			(108,141,919)			(104,797,803)
		$	238,720,755		$	207,153,794

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- References

No definition available.

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- Definition

Tabular disclosure of lessor's property under leasing agreements and property available for lease (not currently under lease) by property class, the gross amount, accumulated depreciation and net amount of as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=84164653&loc=d3e41551-112718

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