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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Rental Properties $ 242,937,926 $ 251,355,202
Cash and Cash Equivalents 59,473,939 96,083,508
Rents Receivable 414,659 935,303
Real Estate Tax Escrows 1,907,378 861,697
Investment in U.S. Treasury Bills 73,995,586  
Prepaid Expenses and Other Assets 7,613,638 6,183,981
Investments in Unconsolidated Joint Ventures 1,439,150 1,455,888
Total Assets 387,782,276 356,875,579
LIABILITIES AND PARTNERS' CAPITAL    
Mortgage Notes Payable 411,475,632 370,481,390
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture 24,136,809 22,992,420
Accounts Payable and Accrued Expenses 4,298,250 4,324,879
Advance Rental Payments and Security Deposits 8,874,364 8,369,497
Total Liabilities 448,785,055 406,168,186
Commitments and Contingent Liabilities (Notes 3 and 9)
Partners' Capital 119,324 and 121,516 units outstanding in 2022 and 2021 respectively (61,002,779) (49,292,607)
Total Liabilities and Partners' Capital $ 387,782,276 $ 356,875,579