Investment Properties and Accumulated Depreciation

12 Months Ended

Dec. 31, 2016

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Investment Properties and Accumulated Depreciation

SCHEDULE III – INVESTMENT PROPERTIES AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2016

									Gross Amount at which
			Initial Cost to Partnership						Carried at End of Year												Life on which
							Costs														Depreciation
							Capitalized														in latest
					Building and		Subsequent to				Building and				Accumulated		Date of		Date		statement is computed
Property	Encumbrances		Land		Improvements		Acquisitions		Land		Improvements		Total		Depreciation		Construction		Acquired		(years)
Santa Fe, NM	$	-	$	-	$	451,230	$	-	$	-	$	451,230	$	451,230	$	403,811		-		10/10/1988		31.5
Augusta, GA (1)		-		215,416		434,177		-		213,226		434,176		647,402		388,856		-		12/22/1988		31.5
Charleston, SC		-		273,619		323,162		-		273,619		323,162		596,781		289,428		-		12/22/1988		31.5
Aiken, SC		-		402,549		373,795		-		402,549		373,795		776,344		333,768		-		2/21/1989		31.5
Augusta, GA		-		332,154		396,659		-		332,154		396,659		728,813		354,184		-		2/21/1989		31.5
Mt. Pleasant, SC (2)		-		286,060		294,878		-		252,069		294,878		546,947		263,302		-		2/21/1989		31.5
Charleston, SC		-		273,625		254,500		-		273,625		254,500		528,125		227,248		-		2/21/1989		31.5
Aiken, SC		-		178,521		455,229		-		178,521		455,229		633,750		406,482		-		3/14/1989		31.5
North Augusta, SC		-		250,859		409,297		-		250,859		409,297		660,156		353,105		-		12/29/1989		31.5
Martinez, GA (3)		-		266,175		367,575		-		-		-		-		-		-		12/29/1989		31.5
Columbus, OH		-		351,325		708,141		-		351,325		708,141		1,059,466		600,973		-		6/1/1990		31.5
	$	-	$	2,830,303	$	4,468,643	$	-	$	2,527,947	$	4,101,067	$	6,629,014	$	3,621,157

(1) In the Fourth Quarter of 2001, a portion of the land was purchased from the Partnership by the County Commission for utility and maintenance easement.

(2) In the Third Quarter of 2013, a portion of the land was sold to the City of Charleston for right of way purposes.

(3) In the Fourth Quarter of 2016, the property was classified as held for sale

(B) Reconciliation of “Investment Properties and Accumulated Depreciation”:

	Year Ended			Year Ended			Year Ended			Year Ended
Investment Properties	December 31, 2016			December 31, 2015		Accumulated Depreciation	December 31,  2016			December 31, 2015
Balance at beginning of year	$	7,262,764		$	7,262,764	Balance at beginning of year	$	3,802,913		$	3,667,557
Additions:						Additions charged to costs and expenses		134,843			135,356
Deletions:
Vacant- Martinez, GA property held for sale (1)		(633,750	)		-	Vacant- Martinez, GA property held for sale (1)		(316,599	)		-
Balance at end of year	$	6,629,014		$	7,262,764	Balance at end of year	$	3,621,157		$	3,802,913

(1) In the Fourth Quarter of 2016, the property was classified as held for sale