Subsequent Events	6 Months Ended
Jun. 30, 2011
Subsequent Events
Subsequent Events [Text Block]	Note H – Subsequent Events On July 22, 2011, the Partnership sold Hampden Heights Apartments to a third party for a gross sale price of $22,750,000. The net proceeds realized by the Partnership were approximately $22,482,000 after payment of closing costs of approximately $268,000. The Partnership used approximately $13,522,000 of the net proceeds to repay the mortgage encumbering the property. As a result of the sale, the Partnership expects to record a gain of approximately $17,865,000 during the third quarter of 2011. In addition, the Partnership expects to record a loss on the early extinguishment of debt of approximately $1,423,000 due to the write off of unamortized loan costs and a prepayment penalty during the third quarter of 2011. Subsequent to June 30, 2011, the Partnership distributed approximately $7,400,000 (approximately $7,252,000 to the Series B unit holders, or $96.69 per Series B unit) from proceeds from the sale of Hampden Heights Apartments.

Subsequent Events

6 Months Ended

Jun. 30, 2011

Note H – Subsequent Events

On July 22, 2011, the Partnership sold Hampden Heights Apartments to a third party for a gross sale price of $22,750,000. The net proceeds realized by the Partnership were approximately $22,482,000 after payment of closing costs of approximately $268,000. The Partnership used approximately $13,522,000 of the net proceeds to repay the mortgage encumbering the property. As a result of the sale, the Partnership expects to record a gain of approximately $17,865,000 during the third quarter of 2011. In addition, the Partnership expects to record a loss on the early extinguishment of debt of approximately $1,423,000 due to the write off of unamortized loan costs and a prepayment penalty during the third quarter of 2011.

Subsequent to June 30, 2011, the Partnership distributed approximately $7,400,000 (approximately $7,252,000 to the Series B unit holders, or $96.69 per Series B unit) from proceeds from the sale of Hampden Heights Apartments.