Loans and Mortgages Payable (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Summary of Mortgages Payable

The following is a summary of our mortgages payable as of March 31, 2018 and December 31, 2017:

	3/31/2018						12/31/2017
	Amount			Rate			Amount			Rate
Fixed rate mortgages	$	306,746,237			4.2	%	$	308,444,180			4.2	%
Variable rate mortgages		-0-			-0-			16,606			4.3	%
Total mortgages before unamortized debt issuance costs		306,746,237			4.2	%		308,460,786			4.2	%
Unamortized debt issuance costs		(3,429,056	)					(3,565,669	)
Mortgages, net of unamortized debt issuance costs	$	303,317,181			4.3	%	$	304,895,117			4.3	%