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CONSOLIDATED BALANCE SHEETS - USD ($) | Dec. 31, 2019 | Dec. 31, 2018
--- | --- | ---
ASSETS |  |
Rental Properties | $ 278,363,988 | $ 230,511,263
Cash and Cash Equivalents | 7,546,324 | 9,059,901
Rents Receivable | 484,610 | 762,923
Real Estate Tax Escrows | 446,781 | 495,824
Prepaid Expenses and Other Assets | 6,021,544 | 4,219,749
Investments in Unconsolidated Joint Ventures | 1,430,402 | 1,985,680
Total Assets | 294,293,649 | 247,035,340
LIABILITIES AND PARTNERS' CAPITAL |  |
Mortgage Notes Payable | 281,771,246 | 252,370,843
Notes Payable | 18,000,000 | 2,000,000
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture | 19,970,089 | 18,351,562
Accounts Payable and Accrued Expenses | 4,274,267 | 3,927,889
Advance Rental Payments and Security Deposits | 8,101,835 | 6,009,056
Total Liabilities | 332,117,437 | 282,659,350
Commitments and Contingent Liabilities (Notes 3 and 9) |  |
Partners’ Capital 122,978 and 124,386 units outstanding in 2019 and 2018 respectively | (37,823,788) | (35,624,010)
Total Liabilities and Partners' Capital | $ 294,293,649 | $ 247,035,340

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