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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Rental Properties $ 248,529,340 $ 241,076,431
Cash and Cash Equivalents 24,654,625 49,560,723
Rents Receivable 801,990 655,814
Real Estate Tax Escrows 2,031,757 1,943,680
Investment in U.S. Treasury Bills 97,759,876 88,332,133
Prepaid Expenses and Other Assets 9,782,554 8,814,112
Investments in Unconsolidated Joint Ventures 1,436,252 1,437,387
Total Assets 384,996,394 391,820,280
LIABILITIES AND PARTNERS' CAPITAL    
Mortgage Notes Payable 410,449,284 410,966,199
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture 25,244,289 24,419,129
Accounts Payable and Accrued Expenses 5,094,811 7,271,729
Advance Rental Payments and Security Deposits 9,137,784 9,032,580
Total Liabilities 449,926,168 451,689,637
Commitments and Contingent Liabilities (Notes 3 and 9)
Partners' Capital 118,824 and 119,255 units outstanding in 2023 and 2022 respectively (64,929,774) (59,869,357)
Total Liabilities and Partners' Capital $ 384,996,394 $ 391,820,280