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Mortgages Payable (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Principal Payments on Mortgages

The following is a schedule of principal payments on the mortgages in each of the three years subsequent to December 31, 2012, and thereafter:

 

Year ending December 31,

      

2013

   $ 1,093,545   

2014

     1,155,574   

2015

     50,651,516   
  

 

 

 

Total

   $ 52,900,635