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Note D - Casualty Event
9 Months Ended
Sep. 30, 2012
Notes  
Note D - Casualty Event

Note D – Casualty Event

 

In January 2011, one apartment unit was damaged by a grease fire.  The damages were approximately $7,000. During the nine months ended September 30, 2011, the Partnership recognized a casualty gain of approximately $7,000 as a result of the receipt of insurance proceeds of approximately $7,000, partially offset by the write off of undepreciated damaged assets of less than $1,000.