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CONSOLIDATED STATEMENTS OF INCOME (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues      
Rental income $ 37,961,599 $ 34,784,130 $ 33,160,450
Laundry and sundry income 402,953 385,040 424,337
Total Revenues 38,364,552 35,169,170 33,584,787
Expenses      
Administrative 2,116,527 1,813,150 1,695,198
Depreciation and amortization 8,377,902 6,012,755 5,839,312
Management fee 1,570,158 1,428,052 1,385,917
Operating 4,201,928 3,580,690 4,014,770
Renting 202,787 180,574 361,236
Repairs and maintenance 5,815,264 5,075,037 4,957,167
Taxes and insurance 4,948,569 4,299,169 4,085,429
Total Expenses 27,233,135 22,389,427 22,339,029
Income Before Other Income and Discontinued Operations 11,131,417 12,779,743 11,245,758
Other Income (Expense)      
Interest income 1,118 2,216 3,861
Interest expense (8,013,109) (7,695,232) (7,857,950)
(Loss) from investments in unconsolidated joint ventures (1,166,877) (1,487,484) (1,913,800)
Other income 4,950 1,207  
Total Other Income (loss) (9,173,918) (9,179,293) (9,767,889)
Income From Continuing Operations 1,957,499 3,600,450 1,477,869
Discontinued Operations      
Income from discontinued operations 19,047 33,348 92,953
Gain on the sale of real estate 3,678,839   7,720,459
Total Discontinued Operations 3,697,886 33,348 7,813,412
Net Income $ 5,655,385 $ 3,633,798 $ 9,291,281
Income per Unit      
Income before discontinued operations (in dollars per unit) $ 15.07 $ 27.44 $ 11.24
Income from discontinued operations (in dollars per unit) $ 28.48 $ 0.25 $ 59.42
Net Income per Unit (in dollars per unit) $ 43.55 $ 27.69 $ 70.66
Weighted Average Number of Units Outstanding (in units) 129,868 131,230 131,484