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Subsequent Events
12 Months Ended
Dec. 31, 2011
Subsequent Events  
Subsequent Events [Text Block]

Note H – Subsequent Event

 

On January 26, 2012, the Partnership entered into a sale contract with a third party relating to the sale of Greenspoint at Paradise Valley. The sale is projected to close during the second quarter of 2012 with a purchase price of approximately $29,750,000. The Partnership has determined that certain held for sale criteria have not been met at December 31, 2011 and therefore continues to report the assets and liabilities of Greenspoint at Paradise Valley as held for investment and its operations as continuing operations.