Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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Removed:
March
Financial report summary
?Management Discussion
- For the six months ended June 30, 2024 and 2023, the Partnership recognized rental income of $219,039 and $283,801, respectively. In 2024, rental income decreased due to one property that was vacated in 2023, which was partially offset by one property with a rent increase. Based on the scheduled rent for the properties owned as of July 31, 2024, the Partnership expects to recognize rental income of approximately $440,000 in 2024.
- For the six months ended June 30, 2024 and 2023, the Partnership incurred Partnership administration expenses from affiliated parties of $64,804 and $60,006, respectively. These administration expenses include costs associated with the management of the properties, processing distributions, reporting requirements and communicating with the Limited Partners. During the same periods, the Partnership incurred Partnership administration and property management expenses from unrelated parties of $49,543 and $21,324, respectively. These expenses represent direct payments to third parties for legal and filing fees, direct administrative costs, outside audit costs, taxes, insurance and other property costs.
- For the six months ended June 30, 2024 and 2023, the Partnership recognized interest income of $2,712 and $2,320, respectively. In 2024, interest income increased due to higher money market interest rates.