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Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES:        
Self-storage rental income $ 569,193 $ 609,715 $ 1,150,018 $ 1,214,648
Ancillary operating revenue 46,830 42,332 92,217 90,133
Interest and other income 14 28 28 57
TOTAL 616,037 652,075 1,242,263 1,304,838
EXPENSES:        
Depreciation 7,640 4,534 11,263 9,018
Operating 302,526 316,407 574,735 621,124
General and administrative 75,527 72,913 192,735 187,189
General partners' incentive management fee 20,927 31,390 41,854 41,854
Property management fee 30,580 32,057 63,326 64,378
TOTAL 437,200 457,301 883,913 923,563
NET INCOME 178,837 194,774 358,350 381,275
LESS: net income attributable to the non-controlling interest (12,974) (15,447) (30,048) (34,451)
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP 165,863 179,327 358,350 346,824
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP ALLOCATED TO:        
General partners 1,659 1,793 3,283 3,468
Limited partners 164,204 177,534 325,019 343,356
TOTAL $ 165,863 $ 179,327 $ 328,302 $ 346,824
Weighted average limited partnership units outstanding 30,693 30,693 30,693 30,693
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP PER LIMITED PARTNERSHIP UNIT $ 5.35 $ 5.78 $ 10.59 $ 11.19