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v3.25.1

RELATED PARTY TRANSACTIONS (Details) | 3 Months Ended
--- | ---
Mar. 31, 2025 USD ($) item | Mar. 31, 2024 USD ($)
RELATED PARTY TRANSACTIONS |  |
Management fee | $ 818,409 | $ 788,607
Repairs and maintenance | 2,858,269 | 2,847,957
Administrative expense | 621,266 | 762,019
Renting | 278,329 | $ 387,599
Employer contributions in 401K plan | $ 16,000 |
Number of limited partnerships and limited liability companies in which the entity has invested | item | 7 |
Brown Family | Minimum |  |
RELATED PARTY TRANSACTIONS |  |
Ownership interest (as a percent) | 47.60% |
Brown Family | Maximum |  |
RELATED PARTY TRANSACTIONS |  |
Ownership interest (as a percent) | 59.00% |
Brown Family | Related party | Minimum |  |
RELATED PARTY TRANSACTIONS |  |
Ownership interest (as a percent) | 47.60% |
Brown Family | Related party | Maximum |  |
RELATED PARTY TRANSACTIONS |  |
Ownership interest (as a percent) | 59.00% |
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%
Majority of Partnership Properties | Related party |  |
RELATED PARTY TRANSACTIONS |  |
Management fee as percentage of gross receipts rental revenue | 4.00% |
Management fee (as a percent) | 4.00% |
Linewt | Related party |  |
RELATED PARTY TRANSACTIONS |  |
Management fee as percentage of gross receipts rental revenue | 3.00% |
General Partner or Management Company | Related party |  |
RELATED PARTY TRANSACTIONS |  |
Costs related to professional services | $ 195,000 | $ 206,000
Repairs and maintenance | 36,000 |
Administrative expense | 63,000 |
Expenses for construction, architectural services and supervision of capital projects | 96,000 |
Hamilton Company/Management Company | Related party |  |
RELATED PARTY TRANSACTIONS |  |
Management fee | 818,000 | 789,000
Costs related to professional services | 31,250 | 125,000
Amount received for management fees | 215,000 |
Payroll and related expenses | 1,074,000 | 1,100,000
Employer contributions in 401K plan | $ 16,000 | 16,000
Number of accounting staff providing bookkeeping and accounting functions | item | 14 |
Hamilton Company/Management Company | Management fee | Related party |  |
RELATED PARTY TRANSACTIONS |  |
Amount received for management fees | $ 193,000 |
Hamilton Company/Management Company | Construction, architectural services and supervision of capital projects | Related party |  |
RELATED PARTY TRANSACTIONS |  |
Amount received for management fees | 5,000 |
Hamilton Company/Management Company | Repairs and maintenance | Related party |  |
RELATED PARTY TRANSACTIONS |  |
Amount received for management fees | 16,000 |
Hamilton Company/Management Company | Legal expense | Related party |  |
RELATED PARTY TRANSACTIONS |  |
Amount received for management fees | $ 1,000 |
Dexter Park | Related party |  |
RELATED PARTY TRANSACTIONS |  |
Management fee (as a percent) | 2.00% |
Sally Michael | Related party |  |
RELATED PARTY TRANSACTIONS |  |
Legal fees | $ 9,000 | $ 46,000
David Reier | Related party |  |
RELATED PARTY TRANSACTIONS |  |
Legal fees | $ 2,000 |
Current and previous management company employees | Related party |  |
RELATED PARTY TRANSACTIONS |  |
Number of employees having ownership interest in the investment properties | item | 5 |

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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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