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v3.22.1

RENTAL PROPERTIES (Details) | 3 Months Ended |  |
--- | --- | --- | ---
Mar. 31, 2022 USD ($) item property | Dec. 31, 2021 USD ($) | Mar. 31, 2021 property
Rental properties |  |  |
Total fixed assets | $ 401,633,553 | $ 400,588,242 |
Less: Accumulated depreciation | (153,226,003) | (149,233,040) |
Total fixed assets, net | 248,407,550 | 251,355,202 |
Land, improvements and parking lots |  |  |
Rental properties |  |  |
Total fixed assets | $ 86,887,276 | 86,887,276 |
Land, improvements and parking lots | Minimum |  |  |
Rental properties |  |  |
Useful Life | 15 years |  |
Land, improvements and parking lots | Maximum |  |  |
Rental properties |  |  |
Useful Life | 40 years |  |
Buildings and improvements |  |  |
Rental properties |  |  |
Total fixed assets | $ 254,297,847 | 253,952,680 |
Buildings and improvements | Minimum |  |  |
Rental properties |  |  |
Useful Life | 15 years |  |
Buildings and improvements | Maximum |  |  |
Rental properties |  |  |
Useful Life | 40 years |  |
Kitchen cabinets |  |  |
Rental properties |  |  |
Total fixed assets | $ 17,061,510 | 16,946,916 |
Kitchen cabinets | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Kitchen cabinets | Maximum |  |  |
Rental properties |  |  |
Useful Life | 10 years |  |
Carpets |  |  |
Rental properties |  |  |
Total fixed assets | $ 12,189,143 | 12,029,577 |
Carpets | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Carpets | Maximum |  |  |
Rental properties |  |  |
Useful Life | 10 years |  |
Air conditioning |  |  |
Rental properties |  |  |
Total fixed assets | $ 501,697 | 501,697 |
Air conditioning | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Air conditioning | Maximum |  |  |
Rental properties |  |  |
Useful Life | 10 years |  |
Laundry equipment |  |  |
Rental properties |  |  |
Total fixed assets | $ 608,271 | 608,271 |
Laundry equipment | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Laundry equipment | Maximum |  |  |
Rental properties |  |  |
Useful Life | 7 years |  |
Elevators |  |  |
Rental properties |  |  |
Total fixed assets | $ 1,885,265 | 1,885,265 |
Elevators | Minimum |  |  |
Rental properties |  |  |
Useful Life | 20 years |  |
Elevators | Maximum |  |  |
Rental properties |  |  |
Useful Life | 40 years |  |
Swimming pools |  |  |
Rental properties |  |  |
Total fixed assets | $ 1,090,604 | 1,090,604 |
Swimming pools | Minimum |  |  |
Rental properties |  |  |
Useful Life | 10 years |  |
Swimming pools | Maximum |  |  |
Rental properties |  |  |
Useful Life | 30 years |  |
Equipment |  |  |
Rental properties |  |  |
Total fixed assets | $ 18,297,897 | 18,072,761 |
Equipment | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Equipment | Maximum |  |  |
Rental properties |  |  |
Useful Life | 30 years |  |
Motor vehicles |  |  |
Rental properties |  |  |
Total fixed assets | $ 171,519 | 171,519 |
Motor vehicles | Maximum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Fences |  |  |
Rental properties |  |  |
Total fixed assets | $ 46,872 | 46,872 |
Fences | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Fences | Maximum |  |  |
Rental properties |  |  |
Useful Life | 15 years |  |
Furniture and fixtures |  |  |
Rental properties |  |  |
Total fixed assets | $ 8,099,011 | 7,898,163 |
Furniture and fixtures | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Furniture and fixtures | Maximum |  |  |
Rental properties |  |  |
Useful Life | 7 years |  |
Smoke alarms |  |  |
Rental properties |  |  |
Total fixed assets | $ 496,641 | $ 496,641 |
Smoke alarms | Minimum |  |  |
Rental properties |  |  |
Useful Life | 5 years |  |
Smoke alarms | Maximum |  |  |
Rental properties |  |  |
Useful Life | 7 years |  |
Wholly owned properties |  |  |
RENTAL PROPERTIES |  |  |
Number of properties | item | 29 |  |
Investment Properties |  |  |
RENTAL PROPERTIES |  |  |
Number of units | property | 690 |  | 865
Investment Properties | Minimum |  |  |
RENTAL PROPERTIES |  |  |
Ownership interest (as a percent) | 40.00% |  |
Investment Properties | Maximum |  |  |
RENTAL PROPERTIES |  |  |
Ownership interest (as a percent) | 50.00% |  |
Residential and mixed-use properties |  |  |
RENTAL PROPERTIES |  |  |
Number of units | item | 2,892 |  |
Number of properties | item | 25 |  |
Residential and mixed-use properties | Partially owned properties |  |  |
RENTAL PROPERTIES |  |  |
Number of units | item | 688 |  |
Number of properties | item | 7 |  |
Residential and mixed-use properties | Partially owned properties | Minimum |  |  |
RENTAL PROPERTIES |  |  |
Ownership interest (as a percent) | 40.00% |  |
Residential and mixed-use properties | Partially owned properties | Maximum |  |  |
RENTAL PROPERTIES |  |  |
Ownership interest (as a percent) | 50.00% |  |
Residential and mixed-use properties | Investment Properties | Partially owned properties |  |  |
RENTAL PROPERTIES |  |  |
Number of units | property | 688 |  |
Condominium |  |  |
RENTAL PROPERTIES |  |  |
Number of units | item | 19 |  |
Condominium | Wholly owned properties |  |  |
RENTAL PROPERTIES |  |  |
Number of units | item | 19 |  |
Number of properties | item | 1 |  |

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