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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Rental income $ 13,942,645 $ 12,631,445
Laundry and sundry income 116,355 112,162
Total Revenues 14,059,000 12,743,607
Expenses    
Administrative 539,145 525,736
Depreciation and amortization 3,507,091 2,973,056
Management fee 559,629 536,715
Operating 1,900,766 1,713,961
Renting 107,899 86,203
Repairs and maintenance 1,814,283 1,455,621
Taxes and insurance 1,868,483 1,710,404
Total Expenses 10,297,296 9,001,696
Income Before Other Income (Expense) 3,761,704 3,741,911
Other Income (Expense)    
Interest income 164 312
Interest expense (2,984,210) (2,520,826)
Income from investments in unconsolidated joint ventures 1,100,900 672,837
Total Other Income (Expense) (1,883,146) (1,847,677)
Net Income $ 1,878,558 $ 1,894,234
Income per Unit    
Net Income per Unit (in dollars per unit) $ 15.10 $ 15.23
Weighted Average Number of Units Outstanding (in units) 124,386 124,409