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RENTAL PROPERTIES (Tables)

9 Months Ended

Sep. 30, 2022

RENTAL PROPERTIES

Schedule of rental properties


		September 30, 2022			December 31, 2021			Useful Life
Land, improvements and parking lots		$	87,506,136		$	86,887,276		15	-	40	years
Buildings and improvements			254,618,756			253,952,680		15	-	40	years
Kitchen cabinets			17,384,297			16,946,916		5	-	10	years
Carpets			12,751,418			12,029,577		5	-	10	years
Air conditioning			501,697			501,697		5	-	10	years
Laundry equipment			613,961			608,271		5	-	7	years
Elevators			1,885,265			1,885,265		20	-	40	years
Swimming pools			1,090,604			1,090,604		10	-	30	years
Equipment			18,767,307			18,072,761		5	-	30	years
Motor vehicles			171,519			171,519				5	years
Fences			46,872			46,872		5	-	15	years
Furniture and fixtures			8,462,476			7,898,163		5	-	7	years
Smoke alarms			496,641			496,641		5	-	7	years
Total fixed assets			404,296,949			400,588,242
Less: Accumulated depreciation			(161,359,023)			(149,233,040)
		$	242,937,926		$	251,355,202