RENTAL PROPERTIES (Tables)

6 Months Ended

Jun. 30, 2018

RENTAL PROPERTIES

Schedule of rental properties

	June 30, 2018		December 31, 2017		Useful Life
Land, improvements and parking lots	$	73,067,362	$	65,087,214	15	-	40	years
Buildings and improvements		222,178,309		201,844,565	15	-	40	years
Kitchen cabinets		14,163,255		12,338,627	5	-	10	years
Carpets		10,246,486		8,802,831	5	-	10	years
Air conditioning		641,079		641,079	5	-	10	years
Laundry equipment		403,211		263,275	5	-	7	years
Elevators		1,839,590		1,139,296	20	-	40	years
Swimming pools		444,629		444,629	10	-	30	years
Equipment		12,826,738		11,163,864	5	-	30	years
Motor vehicles		216,260		216,260			5	years
Fences		43,099		37,465	5	-	15	years
Furniture and fixtures		11,299,442		9,390,021	5	-	7	years
Smoke alarms		582,471		582,471	5	-	7	years
Total fixed assets		347,951,931		311,951,597
Less: Accumulated depreciation		(111,911,138)		(104,797,803)
	$	236,040,793	$	207,153,794