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v3.22.4

SUBSEQUENT EVENTS (Details) |  | 1 Months Ended | 4 Months Ended | 9 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Oct. 14, 2022 USD ($) | Nov. 30, 2022 $ / item | Jul. 31, 2022 $ / item | Apr. 30, 2022 $ / item | Jan. 31, 2022 $ / item | Jan. 19, 2023 USD ($) $ / item shares | Sep. 30, 2022 USD ($) $ / item shares | Dec. 12, 2022 USD ($) ft² | Dec. 31, 2021 USD ($) $ / item | Sep. 30, 2021 $ / item | Jun. 30, 2021 $ / item | Mar. 31, 2021 $ / item
Subsequent events |  |  |  |  |  |  |  |  |  |  |  |
Total cost of repurchase |  |  |  |  |  |  | $ 5,167,667 |  |  |  |  |
Units required to be repurchased (in shares) | shares |  |  |  |  |  |  | 2,192 |  |  |  |  |
Quarterly distribution per unit approved (in dollars per unit) | $ / item |  |  | 9.60 | 9.60 | 9.60 |  |  |  |  |  |  |
Quarterly distribution per unit (in dollars per unit) | $ / item |  |  |  | 0.32 | 0.32 |  | 0.32 |  | 0.32 | 0.32 | 0.32 | 0.32
Total property cost |  |  |  |  |  |  | $ 404,296,949 |  | $ 400,588,242 |  |  |
Class B |  |  |  |  |  |  |  |  |  |  |  |
Subsequent events |  |  |  |  |  |  |  |  |  |  |  |
Total cost of repurchase |  |  |  |  |  |  | 981,249 |  |  |  |  |
General Partnership |  |  |  |  |  |  |  |  |  |  |  |
Subsequent events |  |  |  |  |  |  |  |  |  |  |  |
Total cost of repurchase |  |  |  |  |  |  | $ 51,645 |  |  |  |  |
Subsequent event |  |  |  |  |  |  |  |  |  |  |  |
Subsequent events |  |  |  |  |  |  |  |  |  |  |  |
Number of depository receipts repurchased | shares |  |  |  |  |  | 1,658 |  |  |  |  |  |
Repurchase price of depository receipts (in dollars per receipt) | $ / item |  |  |  |  |  | 76.58 |  |  |  |  |  |
Price per unit of depository receipts | $ / item |  |  |  |  |  | 2,297.40 |  |  |  |  |  |
Total cost of repurchase |  |  |  |  |  | $ 127,565 |  |  |  |  |  |
Quarterly distribution per unit approved (in dollars per unit) | $ / item |  | 9.60 |  |  |  |  |  |  |  |  |  |
Quarterly distribution per unit (in dollars per unit) | $ / item |  | 0.32 |  |  |  |  |  |  |  |  |  |
Subsequent event | Modification agreement with Brookline Bank. | Extending the maturity until October 14, 2032 |  |  |  |  |  |  |  |  |  |  |  |
Subsequent events |  |  |  |  |  |  |  |  |  |  |  |
Existing loan amount | $ 5,954,546.14 |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) | 4.60% |  |  |  |  |  |  |  |  |  |  |
Interest only term | 2 years |  |  |  |  |  |  |  |  |  |  |
Term of debt | 30 years |  |  |  |  |  |  |  |  |  |  |
Debt service coverage ratio | 1.35 |  |  |  |  |  |  |  |  |  |  |
Threshold percentage of Loan to Value | 65.00% |  |  |  |  |  |  |  |  |  |  |
Subsequent event | Modification agreement with Brookline Bank. | Extending the maturity until October 14, 2032 | Maximum |  |  |  |  |  |  |  |  |  |  |  |
Subsequent events |  |  |  |  |  |  |  |  |  |  |  |
Additional earnout | $ 1,495,453.86 |  |  |  |  |  |  |  |  |  |  |
Subsequent event | Purchase and sale agreement | Property located at 659 Worcester Road, Framingham, MA. | Commercial |  |  |  |  |  |  |  |  |  |  |  |
Subsequent events |  |  |  |  |  |  |  |  |  |  |  |
Area of property (in square feet) | ft² |  |  |  |  |  |  |  | 20,700 |  |  |  |
Total property cost |  |  |  |  |  |  |  | $ 10,151,000 |  |  |  |
Purchase deposit |  |  |  |  |  |  |  | $ 500,000 |  |  |  |
Subsequent event | Class B |  |  |  |  |  |  |  |  |  |  |  |
Subsequent events |  |  |  |  |  |  |  |  |  |  |  |
Units required to be repurchased (in shares) | shares |  |  |  |  |  | 13 |  |  |  |  |  |
Value of units required to be repurchased |  |  |  |  |  | $ 30,154 |  |  |  |  |  |
Subsequent event | General Partnership |  |  |  |  |  |  |  |  |  |  |  |
Subsequent events |  |  |  |  |  |  |  |  |  |  |  |
Units required to be repurchased (in shares) | shares |  |  |  |  |  | 1 |  |  |  |  |  |
Value of units required to be repurchased |  |  |  |  |  | $ 1,587 |  |  |  |  |  |

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