FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2021

FAIR VALUE MEASUREMENTS

Schedule of carrying amounts and estimated fair value of debt

		Carrying Amount		Estimated Fair Value
Mortgage Notes Payable
Partnership Properties
At September 30, 2021	*	$	281,919,669	$	299,593,793
At December 31, 2020	*	$	283,444,533	$	303,993,142
Investment Properties
At September 30, 2021	*	$	166,230,563	$	177,911,510
At December 31, 2020	*	$	166,308,029	$	179,647,759

* Net of unamortized deferred financing costs