Loans and Mortgages Payable (Tables)

6 Months Ended

Jun. 30, 2018

Business Combinations [Abstract]

Summary of Mortgages Payable

The following is a summary of our mortgages payable as of June 30, 2018 and December 31, 2017:

	6/30/2018						12/31/2017
	Amount			Rate			Amount			Rate
Fixed rate mortgages	$	305,066,819			4.2	%	$	308,444,180			4.2	%
Variable rate mortgages		-0-			-0-			16,606			4.3	%
Total mortgages before unamortized debt issuance costs		305,066,819			4.2	%		308,460,786			4.2	%
Unamortized debt issuance costs		(3,295,243	)					(3,565,669	)
Mortgages, net of unamortized debt issuance costs	$	301,771,576			4.3	%	$	304,895,117			4.3	%