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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Investment income $ 20,537,399 $ 16,563,509 $ 62,255,855 $ 44,792,212
Property revenues 1,198,892 1,914,200 3,532,868 5,785,742
Other interest income 4,621,098 4,126,695 13,677,110 8,465,788
Other income 116,747   250,214  
Total revenues 26,474,136 22,604,404 79,716,047 59,043,742
Expenses:        
Real estate operating (exclusive of items shown below) 873,668 1,520,589 2,090,613 3,563,672
Provision for credit losses (562,000)   (1,881,000)  
Depreciation and amortization 413,433 688,488 1,223,822 2,056,512
Interest expense 10,717,401 8,035,982 37,677,382 18,750,079
General and administrative 5,328,469 4,505,056 15,510,475 11,995,781
Total expenses 16,770,971 14,750,115 54,621,292 36,366,044
Other Income:        
Gain on sale of investments in unconsolidated entities 32,385 10,580,781 22,725,398 39,664,032
Income before income taxes 9,735,550 18,435,070 47,820,153 62,341,730
Income tax expense (benefit) 6,172 (81,523) 12,381 (45,562)
Net income 9,729,378 18,516,593 47,807,772 62,387,292
Redeemable Preferred Unit distributions and accretion (700,156) (716,490) (2,245,988) (2,150,734)
Net income available to Partners 9,029,222 17,800,103 45,561,784 60,236,558
Net income available to Partners allocated to:        
General Partner 25,049 142,394 3,514,195 3,111,474
Net income available to Partners and noncontrolling interest $ 9,029,222 $ 17,800,103 $ 45,561,784 $ 60,236,558
BUC holders' interest in net income per BUC, basic $ 0.39 $ 0.77 $ 1.84 $ 2.51
BUC holders' interest in net income per BUC, diluted $ 0.39 $ 0.77 $ 1.84 $ 2.51
Weighted average number of BUCs outstanding, basic 22,734,412 22,676,491 22,734,479 22,676,038
Weighted average number of BUCs outstanding, diluted 22,734,412 22,676,491 22,734,479 22,676,038
Beneficial Unit Certificate Holders [Member]        
Net income available to Partners allocated to:        
Limited Partners $ 8,922,236 $ 17,552,792 $ 41,737,030 $ 56,882,236
Restricted Unitholders [Member]        
Net income available to Partners allocated to:        
Limited Partners $ 81,937 $ 104,917 $ 310,559 $ 242,848