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Transactions with General Partner and Its Affiliates (Tables)
6 Months Ended
Jun. 30, 2017
Related Party Transactions [Abstract]  
Schedule of Amounts Paid and/or Accrued to General Partner and Its Affiliates

Amounts paid and/or accrued to the General Partner and its affiliates for the three and six month periods ended June 30, 2017 and 2016 are as follows:

 

`   Incurred for the     Incurred for the     Incurred for the     Incurred for the  
    Three Months
Ended
June 30, 2017
    Three Months
Ended
June 30, 2016
    Six Months
Ended
June 30, 2017
    Six Months
Ended
June 30, 2016
 
    (unaudited)     (unaudited)     (unaudited)     (unaudited)  
General Partner                                
Management fees   $ 67,668     $ 66,825     $ 134,774     $ 133,596  
Overhead allowance     5,460       5,391       10,874       10,778  
Leasing commissions     -       -       90,765       -  
Reimbursement for out-of-pocket expenses     -       -       2,500       2,500  
Cash distribution     513       392       504       512  
    $ 73,641     $ 72,608     $ 239,417     $ 147,386  

Schedule of Beneficial Ownership of Partnership's Principal Executive Officer

As of June 30, 2017, the General Partner did not own any limited partnership interests in the Partnership. The following table identifies the beneficial ownership of Mr. Provo, who controls the General Partner and performs the functions of the Partnership’s principal executive officer. Mr. Provo is the only person performing the function of an executive officer of the Partnership who beneficially owns any limited partnership interests.

 

Title of
Class
  Name of
Beneficial Owner(1)
  Amount and
Nature of
Beneficial|
Ownership
  Percentage of
Class
Outstanding(3)
 
Limited Partnership Interest   Bruce A. Provo   200 (2)     0.43 %
                 

     

  (1) A beneficial owner of a security includes a person who, directly or indirectly, has or shares voting or investment power with respect to such security. Voting power is the power to vote or direct the voting of the security and investment power is the power to dispose or direct the disposition of the security.
     

 

  (2) Bruce A. Provo is deemed to have beneficial ownership of all of TPG Finance Corp.’s limited partnership interests in the Partnership due to his control as President of TPG Finance Corp.
     

 

  (3) Based on 46,280.3 limited partnership interests outstanding as of June 30, 2017.