XML 79 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Rental Properties $ 94,292,069 $ 94,973,600
Property Held for Sale 0 462,250
Cash and Cash Equivalents 3,291,685 6,981,906
Rents Receivable 429,492 475,083
Real Estate Tax Escrows 347,420 449,652
Prepaid Expenses and Other Assets 2,767,011 3,073,890
Deposit and Escrow Held for the Acquisition of Real Estate 4,103,906  
Investments in Unconsolidated Joint Ventures 11,137,984 13,986,173
Financing and Leasing Fees 1,770,603 1,135,936
Total Assets 118,140,170 121,538,490
LIABILITIES AND PARTNERS' CAPITAL    
Mortgage Notes Payable 131,671,632 138,055,522
Accounts Payable and Accrued Expenses 2,018,815 2,361,942
Advance Rental Payments and Security Deposits 3,944,741 3,636,704
Total Liabilities 137,635,188 144,054,168
Commitments and Contingent Liabilities (Notes 3 and 9)      
Partners' Capital 130,040 and 130,444 units outstanding in 2013 and 2012 respectively (19,495,018) (22,515,678)
Total Liabilities and Partners' Capital $ 118,140,170 $ 121,538,490