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RENTAL PROPERTIES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
RENTAL PROPERTIES |
Schedule of rental properties | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2024 |  | December 31, 2023 |  | Useful Life |
Land, improvements and parking lots | ​ | $ | 99,249,928 | ​ | $ | 99,162,143 | ​ | 15 | - | 40 | years | ​
Buildings and improvements | ​ |  | 278,027,649 | ​ |  | 277,986,334 | ​ | 15 | - | 40 | years | ​
Construction in progress | ​ | ​ | 3,361,078 | ​ | ​ | — | ​ | ​ | ​ | N/A | ​ | ​
Kitchen cabinets | ​ |  | 16,356,947 | ​ |  | 16,137,828 | ​ | 5 | - | 10 | years | ​
Carpets | ​ |  | 13,429,753 | ​ |  | 13,127,838 | ​ | 5 | - | 10 | years | ​
Air conditioning | ​ |  | 500,000 | ​ |  | 500,000 | ​ | 5 | - | 10 | years | ​
Laundry equipment | ​ |  | 568,716 | ​ |  | 568,716 | ​ | 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 | ​ |  | 21,599,934 | ​ |  | 21,348,556 | ​ | 5 | - | 30 | years | ​
Motor vehicles | ​ |  | 232,954 | ​ |  | 232,954 | ​ | ​ | ​ | 5 | years | ​
Fences | ​ |  | 91,620 | ​ |  | 91,620 | ​ | 5 | - | 15 | years | ​
Furniture and fixtures | ​ |  | 8,609,685 | ​ |  | 8,365,039 | ​ | 5 | - | 7 | years | ​
Total fixed assets | ​ |  | 445,004,133 | ​ |  | 440,496,897 | ​ | ​ | ​ | ​ | ​ | ​
Less: Accumulated depreciation | ​ |  | (174,747,433) | ​ |  | (170,691,951) | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | $ | 270,256,700 | ​ | $ | 269,804,946 | ​ | ​ | ​ | ​ | ​ | ​
​

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- References No definition available. + Details
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- Definition Tabular disclosure of lessor's property under leasing agreements and property available for lease (not currently under lease) by property class, the gross amount, accumulated depreciation and net amount of as of the balance sheet date. + References No definition available. + Details
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