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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Rental income $ 23,491,296 $ 20,021,133 $ 65,025,406 $ 59,573,125
Laundry and sundry income 195,375 187,902 590,267 579,876
Total Revenues 23,686,671 20,209,035 65,615,673 60,153,001
Expenses        
Administrative 871,135 679,674 2,160,314 2,093,671
Depreciation and amortization 7,374,701 4,224,211 15,754,431 12,729,275
Management fee 908,425 802,908 2,561,266 2,374,371
Operating 1,601,327 1,509,909 6,583,851 5,794,220
Renting 488,217 407,911 1,022,744 946,282
Repairs and maintenance 4,587,034 3,618,610 10,927,118 9,967,034
Taxes and insurance 3,111,531 2,495,136 8,564,628 7,487,535
Total Expenses 18,942,370 13,738,359 47,574,352 41,392,388
Income Before Other Income (Expense) 4,744,301 6,470,676 18,041,321 18,760,613
Other Income (Expense)        
Interest income 36,981 1,123,084 1,765,468 3,413,620
Interest expense (5,449,905) (3,831,009) (13,377,493) (11,637,720)
Income from investments in unconsolidated joint ventures 146,795 146,647 994,475 909,207
Total Other Income (Expense) (5,266,129) (2,561,278) (10,617,550) (7,314,893)
Net (Loss) Income $ (521,828) $ 3,909,398 $ 7,423,771 $ 11,445,720
(Loss) Income per Unit        
Net (loss) Income per Unit $ (4.48) $ 33.44 $ 63.67 $ 97.72
Weighted Average Number of Units Outstanding 116,520 116,905 116,600 117,132