v3.23.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Investment income $ 19,302,685 $ 14,403,403
Property revenues 1,225,620 1,927,001
Other interest income 4,409,665 2,875,967
Total revenues 24,937,970 19,206,371
Expenses:    
Real estate operating (exclusive of items shown below) 602,253 1,064,562
Provision for credit losses (545,000)  
Depreciation and amortization 404,981 683,662
Interest expense 17,971,498 3,937,131
General and administrative 5,072,587 3,681,838
Total expenses 23,506,319 9,367,193
Other Income:    
Gain on sale of investments in unconsolidated entities 15,366,929 16,439,750
Income before income taxes 16,798,580 26,278,928
Income tax expense 7,358 14,910
Net income 16,791,222 26,264,018
Redeemable Preferred Unit distributions and accretion (746,650) (717,744)
Net income available to Partners 16,044,572 25,546,274
Net income available to Partners allocated to:    
General Partner 2,479,058 2,737,044
Net income available to Partners and noncontrolling interest $ 16,044,572 $ 25,546,274
BUC holders' interest in net income per BUC, basic $ 0.60 $ 1.01
BUC holders' interest in net income per BUC, diluted $ 0.60 $ 1.01
Weighted average number of BUCs outstanding, basic 22,538,928 22,480,077
Weighted average number of BUCs outstanding, diluted 22,538,928 22,480,077
Beneficial Unit Certificate Holders [Member]    
Net income available to Partners allocated to:    
Limited Partners $ 13,490,834 $ 22,729,198
Restricted Unitholders [Member]    
Net income available to Partners allocated to:    
Limited Partners $ 74,680 $ 80,032

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