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v3.19.1

CONSOLIDATED STATEMENTS OF INCOME - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016
Revenues |  |  |
Rental income | $ 57,535,734 | $ 52,370,221 | $ 49,121,705
Laundry and sundry income | 478,330 | 457,167 | 433,385
Total Revenues | 58,014,064 | 52,827,388 | 49,555,090
Expenses |  |  |
Administrative | 2,204,923 | 2,008,107 | 2,102,812
Depreciation and amortization | 15,568,973 | 13,462,395 | 12,181,396
Management fee | 2,326,225 | 2,159,458 | 2,029,171
Operating | 5,542,605 | 5,227,502 | 4,822,921
Renting | 779,503 | 632,232 | 636,803
Repairs and maintenance | 9,187,714 | 8,378,639 | 8,258,263
Taxes and insurance | 7,485,749 | 6,814,089 | 6,263,774
Total Expenses | 43,095,692 | 38,682,422 | 36,295,140
Income Before Other Income (Expense) | 14,918,372 | 14,144,966 | 13,259,950
Other Income (Expense) |  |  |
Interest income | 344 | 1,284 | 1,025
Interest expense | (12,389,680) | (11,114,146) | (10,200,393)
Income from investments in unconsolidated joint ventures | 1,640,054 | 3,905,827 | 1,785,827
Gain on sale of real estate |  |  | 104,443
Total Other Income (Expense) | (10,749,282) | (7,207,035) | (8,309,098)
Income from Continuing Operations | 4,169,090 | 6,937,931 | 4,950,852
Net Income | $ 4,169,090 | $ 6,937,931 | $ 4,950,852
Income per Unit |  |  |
Net Income per Unit (in dollars per unit) | $ 33.52 | $ 55.77 | $ 39.62
Weighted Average Number of Units Outstanding (in units) | 124,386 | 124,392 | 124,951

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