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Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2011
Dec. 31, 2010
ASSETS:  
Cash & Equivalents$ 460,444$ 703,774
Property Net2,849,0792,764,382
Uncollected Rental Revenue100,368155,208
Prepaid Advertising9,3175,358
Other Assets62,50426,045
TOTAL3,481,7123,654,767
LIABILITIES:  
Distribution due to Partners193,765232,523
Incentive Management Fee Liability6,974 
Property Management Fee Liability10,99710,459
Deferred Income46,54845,369
Accrued Expenses34,84839,873
Other Liabilities79,30396,804
Total Liabilities372,435425,028
PARTNERS' EQUITY:  
General Partners(108,329)(107,091)
Limited Partners3,019,4173,141,971
Total Partners' Equity2,911,0883,034,880
Noncontrolling Interest in Real Estate Joint Venture198,189194,859
Total Equity3,109,2773,229,739
TOTAL$ 3,481,712$ 3,654,767