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v3.23.1

RELATED PARTY TRANSACTIONS (Details) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2023 USD ($) item | Mar. 31, 2022 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($)
RELATED PARTY TRANSACTIONS |  |  |  |
Management fee as percentage of gross receipts rental revenue | 4.00% |  |  |
Management fee as a percentage of gross receipts rental revenue of Linewt, LLC | 3.00% |  |  |
Management fees of related party | $ 698,000 | $ 673,000 |  |
Management fee | 697,764 | 673,084 |  |
Repairs and maintenance | 2,763,136 | 2,279,651 |  |
Administrative expense | 737,101 | 707,786 |  |
Renting | 191,585 | 169,389 |  |
Employer contributions in 401K plan | 16,000 |  |  |
Legal fees | $ 37,000 | 0 |  |
Number of limited partnerships and limited liability companies in which the entity has invested | item | 7 |  |  |
Interest expense | $ 3,899,240 | 3,454,635 |  |
Dexter Park |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |
Management fee as percentage of gross receipts rental revenue | 2.00% |  |  |
General Partner or Management Company |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |
Repairs and maintenance | $ 48,000 |  |  |
Administrative expense | 99,000 |  |  |
Renting | 57,000 |  |  |
Expenses for construction, architectural services and supervision of capital projects | 289,000 |  |  |
Costs related to professional services | 493,000 | 195,000 |  |
Management Company |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |
Reimbursement to related party for payroll transfers | 1,114,000 | 1,039,000 |  |
Employer contributions in 401K plan | $ 16,000 | 37,000 |  |
Number of accounting staff of related party providing bookkeeping and accounting functions | item | 14 |  |  |
Fees for accounting and bookkeeping services | $ 31,250 | $ 31,250 | $ 125,000 | $ 125,000
Number of employees having ownership interest in the investment properties | item | 5 |  |  |
Partially owned properties |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |
Management fee as percentage of gross receipts rental revenue | 4.00% |  |  |
Management fee | $ 171,000 |  |  |
Repairs and maintenance | 3,000 |  |  |
Construction, architectural services and supervision of capital projects | 4,000 |  |  |
Legal fees | 3,000 |  |  |
Amount paid to related party | $ 181,000 |  |  |
NERA 40% |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |
Ownership interest (as a percent) | 40.00% | 40.00% |  |
NERA 50% |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |
Ownership interest (as a percent) | 50.00% | 50.00% |  |
Brown Family [Member] | Minimum |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |
Ownership interest (as a percent) | 47.60% |  |  |
Brown Family [Member] | Maximum |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |
Ownership interest (as a percent) | 59.00% |  |  |

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- Definition Represents the number of limited partnerships and limited liability companies in which the entity has made investments which are accounted for using the equity method of consolidation. + References No definition available. + Details
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- Definition Number of employees, excluding President, having ownership interest in the investment properties. + References No definition available. + Details
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- Definition The aggregate costs of keeping the property in good condition but that do not appreciably prolong the life or increase the value of the property. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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