RENTAL PROPERTIES (Tables)

9 Months Ended

Sep. 30, 2017

RENTAL PROPERTIES

Schedule of rental properties

	September 30, 2017		December 31, 2016		Useful Life
Land, improvements and parking lots	$	64,694,380	$	52,612,929	15	-	40	years
Buildings and improvements		202,705,581		173,536,288	15	-	40	years
Kitchen cabinets		12,585,369		8,738,323	5	-	10	years
Carpets		9,181,606		7,621,292	5	-	10	years
Air conditioning		690,535		690,535	5	-	10	years
Laundry equipment		274,389		269,784	5	-	7	years
Elevators		1,139,296		1,139,296	20	-	40	years
Swimming pools		444,629		444,629	10	-	30	years
Equipment		10,816,225		10,029,639	5	-	30	years
Motor vehicles		237,954		237,954			5	years
Fences		37,465		37,465	5	-	15	years
Furniture and fixtures		9,316,804		8,127,100	5	-	7	years
Smoke alarms		659,859		174,059	5	-	7	years
Total fixed assets		312,784,092		263,659,293
Less: Accumulated depreciation		(103,634,403)		(94,196,482)
	$	209,149,689	$	169,462,811