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New words:
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accounted, Accredited, accrue, adversely, announced, bankruptcy, buildout, Burlington, Champaign, closing, closure, Coat, court, creating, defer, deferral, deferred, disruption, doubtful, enforceable, evolving, existed, Factory, fluidity, footage, Gander, global, guaranteed, impacting, improvement, instituting, Investor, lessor, limiting, motion, Mountain, negative, outbreak, owed, pandemic, paying, possession, prediction, rapid, rapidly, receivable, reject, reorganization, replacement, returned, situation, slowdown, space, square, substantial, substantially, substantive, transaction, transportation, travel, twelve, uncertainty, VIII, volatility, Warehouse
Financial report summary
?Management Discussion
- For the years ended December 31, 2023 and 2022, the Partnership recognized rental income of $997,334 and $885,848, respectively. In 2023, rental income increased due to generating a full year of income on a property that was acquired in May 2022. Additionally, there were rent increases on two properties in 2023 which were partially offset by the sale of one property in February 2022. Based on the scheduled rent for the properties owned as of February 28, 2024, the Partnership expects to recognize rental income of approximately $992,000 in 2024.