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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Rental income $ 12,072,856 $ 10,972,792
Laundry and sundry income 110,432 102,728
Total Revenues 12,183,288 11,075,520
Expenses    
Administrative 498,255 533,077
Depreciation and amortization 3,027,154 2,441,527
Management fee 500,207 450,704
Operating 1,424,247 2,086,185
Renting 87,264 65,926
Repairs and maintenance 1,627,700 1,347,214
Taxes and insurance 1,603,870 1,462,976
Total Expenses 8,768,697 8,387,609
Income Before Other Income (Expense) and Discontinued Operations 3,414,591 2,687,911
Other Income (Expense)    
Interest income 202 195
Interest expense (2,553,633) (2,403,682)
Income (Loss) from investments in joint ventures 369,604 125,234
Total Other Income (Expense) (2,183,827) (2,278,253)
Net Income $ 1,230,764 $ 409,658
Income per Unit    
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax $ 9.84 $ 3.22
Weighted Average Number of Units Outstanding (in units) 125,140 127,073