CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash Flows from Operating Activities
Net income	$ 1,506,116	$ 252,227
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	5,004,557	5,471,646
(Income) Loss from investments in joint venture	(346,820)	270,633
Change in operating assets and liabilities
(Increase) in rents receivable	(52,004)	(60,704)
Increase (Decrease) in accounts payable and accrued expense	1,199,425	(556,289)
(Increase) in insurance recovery receivable	(952,084)
Decrease in real estate tax escrow	2,247	81,194
(Increase) in prepaid expenses and other assets	(519,096)	(434,134)
Increase in advance rental payments and security deposits	426,825	333,065
Total Adjustments	4,763,050	5,105,411
Net cash provided by operating activities	6,269,166	5,357,638
Cash Flows From Investing Activities
Proceeds from unconsolidated joint ventures	1,254,487	867,741
Distribution in excess of investment in unconsolidated joint ventures	165,000	100,000
(Investment in) unconsolidated joint ventures	(21,987)	(117,741)
Improvement of rental properties	(2,431,625)	(1,642,788)
Net cash (used in) investing activities	(1,034,125)	(792,788)
Cash Flows from Financing Activities
Payment of financing costs		(201,917)
Proceeds of mortgage notes payable		609,555
Principal payments and payoffs of mortgage notes payable	(65,804)	(3,495,661)
Stock buyback	(1,879,001)	(941,477)
Distributions to partners	(1,899,885)	(1,935,384)
Net cash (used in) financing activities	(3,844,690)	(5,964,884)
Net Increase (Decrease) in Cash and Cash Equivalents	1,390,351	(1,400,034)
Cash and Cash Equivalents, at beginning of period	14,015,898	14,013,380
Cash and Cash Equivalents, at end of period	$ 15,406,249	$ 12,613,346