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Note 3 - Notes Payable and Amounts Due For Partnership Interests
12 Months Ended
Dec. 31, 2013
Notes  
Note 3 - Notes Payable and Amounts Due For Partnership Interests

NOTE 3 - NOTES PAYABLE AND AMOUNTS DUE FOR PARTNERSHIP INTERESTS

 

In connection with the sale of Cassady Village, the Partnership’s non-recourse notes payable and accrued interest were extinguished during the year ended December 31, 2012, and the Partnership recognized a gain on extinguishment of debt of approximately $1,891,000.