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v3.22.1

CONSOLIDATED STATEMENTS OF INCOME - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2022 | Mar. 31, 2021
Revenues |  |
Rental income | $ 16,460,006 | $ 14,980,116
Laundry and sundry income | 120,403 | 108,673
Total Revenues | 16,580,409 | 15,088,789
Expenses |  |
Administrative | 707,786 | 652,186
Depreciation and amortization | 4,020,768 | 3,905,918
Management fee | 673,084 | 605,391
Operating | 2,676,208 | 2,045,968
Renting | 169,389 | 261,966
Repairs and maintenance | 2,279,651 | 1,970,087
Taxes and insurance | 2,276,573 | 2,252,134
Total Expenses | 12,803,459 | 11,693,650
Income Before Other Income (Expense) | 3,776,950 | 3,395,139
Other Income (Expense) |  |
Interest income | 34 | 21
Interest expense | (3,454,635) | (3,364,170)
Income from investments in unconsolidated joint ventures | 20,069 | (325,170)
Total Other Income (Expense) | (3,434,532) | (3,689,319)
Net (Loss) Income | $ 342,418 | $ (294,180)
Income per Unit |  |
Net (Loss) Income per Unit (in dollars per unit) | $ 2.82 | $ (2.42)
Weighted Average Number of Units Outstanding (in units) | 121,247 | 121,756

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