v3.24.1.u1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Investment income $ 19,272,345 $ 19,302,685
Other interest income 3,003,838 4,409,665
Property revenues   1,225,620
Other income 94,471  
Total revenues 22,370,654 24,937,970
Expenses:    
Real estate operating (exclusive of items shown below) 0 602,253
Provision for credit losses (Note 10) (806,000) (545,000)
Depreciation and amortization 5,967 404,981
Interest expense 13,803,935 16,688,362
Net result from derivative transactions (Note 15) (6,267,664) 1,283,136
General and administrative 4,930,388 5,072,587
Total expenses 11,666,626 23,506,319
Other Income:    
Gain on sale of investments in unconsolidated entities 50,000 15,366,929
Earnings (losses) from investments in unconsolidated entities (106,845)  
Income before income taxes 10,647,183 16,798,580
Income tax expense (benefit) (1,198) 7,358
Net income 10,648,381 16,791,222
Redeemable Preferred Unit distributions and accretion (767,241) (746,650)
Net income available to Partners 9,881,140 16,044,572
Net income available to Partners allocated to:    
General Partner 98,311 2,479,058
Net income available to Partners and noncontrolling interest $ 9,881,140 $ 16,044,572
BUC holders' interest in net income per BUC, basic $ 0.42 $ 0.59
BUC holders' interest in net income per BUC, diluted $ 0.42 $ 0.59
Weighted average number of BUCs outstanding, basic 23,000,754 22,924,081
Weighted average number of BUCs outstanding, diluted 23,000,754 22,924,081
Beneficial Unit Certificate Holders [Member]    
Net income available to Partners allocated to:    
Limited Partners $ 9,725,097 $ 13,490,834
Restricted Unitholders [Member]    
Net income available to Partners allocated to:    
Limited Partners $ 57,732 $ 74,680

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