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v3.20.2

CONSOLIDATED BALANCE SHEETS - USD ($) | Jun. 30, 2020 | Dec. 31, 2019
--- | --- | ---
ASSETS |  |
Rental Properties | $ 271,417,401 | $ 278,363,988
Cash and Cash Equivalents | 15,396,023 | 7,546,324
Rents Receivable | 1,014,905 | 484,610
Real Estate Tax Escrows | 437,502 | 446,781
Prepaid Expenses and Other Assets | 5,116,550 | 6,021,544
Investments in Unconsolidated Joint Ventures | 1,453,894 | 1,430,402
Total Assets | 294,836,275 | 294,293,649
LIABILITIES AND PARTNERS' CAPITAL |  |
Mortgage Notes Payable | 284,402,031 | 281,771,246
Notes Payable | 17,000,000 | 18,000,000
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture | 20,129,903 | 19,970,089
Accounts Payable and Accrued Expenses | 3,597,414 | 4,274,266
Advance Rental Payments and Security Deposits | 7,428,945 | 8,101,835
Total Liabilities | 332,558,293 | 332,117,436
Partners' Capital 121,756 and 121,978 units outstanding in 2020 and 2019 respectively | (37,722,018) | (37,823,787)
Total Liabilities and Partners' Capital | $ 294,836,275 | $ 294,293,649

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