CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2012	Dec. 31, 2011
ASSETS
Rental Properties	$ 96,859,188	$ 98,924,534
Cash and Cash Equivalents	5,181,834	4,050,157
Rents Receivable	446,777	434,252
Real Estate Tax Escrows	432,319	401,325
Prepaid Expenses and Other Assets	3,654,247	3,866,652
Investments in Unconsolidated Joint Ventures	15,298,813	16,780,657
Financing and Leasing Fees	941,293	919,187
Total Assets	122,814,471	125,376,764
LIABILITIES AND PARTNERS' CAPITAL
Note Payable		1,668,600
Mortgage Notes Payable	138,611,294	139,161,612
Accounts Payable and Accrued Expenses	2,106,533	2,253,696
Advance Rental Payments and Security Deposits	3,774,349	3,603,708
Total Liabilities	144,492,176	146,687,616
Commitments and Contingent Liabilities (Notes 3 and 9)
Partners' Capital 131,398 units outstanding in 2012 and 131,484 units outstanding in 2011	(21,677,705)	(21,310,852)
Total Liabilities and Partners' Capital	$ 122,814,471	$ 125,376,764