0000844048-12-000048.txt : 20120515 0000844048-12-000048.hdr.sgml : 20120515 20120515171319 ACCESSION NUMBER: 0000844048-12-000048 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120515 DATE AS OF CHANGE: 20120515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DSI REALTY INCOME FUND XI CENTRAL INDEX KEY: 0000844048 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 330324161 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-18286 FILM NUMBER: 12845940 BUSINESS ADDRESS: STREET 1: 3701 LONG BEACH BLVD CITY: LONG BEACH STATE: CA ZIP: 90807 BUSINESS PHONE: 2135957711 MAIL ADDRESS: STREET 1: 6700 E. PACIFIC COAST HWY. STREET 2: P.O. BOX 357 CITY: LONG BEACH STATE: CA ZIP: 90801 10-Q 1 dsi011q112.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

[x] Quarterly Report Pursuant to Section 13 or 15 (d) of the Securities and Exchange Act of 1934

For the quarterly period ended March 31, 2012

[ ] Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from ________________ to _______________

Commission File No. 33-26038.

DSI REALTY INCOME FUND XI

a California Limited Partnership

California		33-0324161
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

6700 E. Pacific Coast Hwy., Long Beach, California 90803

(Address of principal executive offices)

Registrant’s telephone number, including area code (562) 493-8881

Indicate by check mark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Date File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

The issuer is a limited partnership. All 20,000 limited partnership units originally sold for $500.00 per unit. There is no trading market for the limited partnership units.

Certain statements contained in this discussion or elsewhere in this report may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words and phrases such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “designed to achieve”, variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future – including statements relating to rent and occupancy growth, general conditions in the geographic areas where we operate – are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict.

Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Many of the factors that may affect outcomes and results are beyond our ability to control.

PART I – FINANCIAL INFORMATION

ITEM 1. Financial Statements

DSI REALTY INCOME FUND XI
(A California Real Estate Limited Partnership)


UNAUDITED CONDSENSED CONSOLIDATED BALANCE SHEETS
	March 31, 2012	December 31, 2011
		(Audited)
ASSETS:
Cash & equivalents	$391,480	$303,356
Property, net	1,995,657	2,000,185
Uncollected rental revenue	47,777	69,239
Prepaid advertising	2,579	-
Other assets	33,480	33,380
TOTAL ASSETS	$2,470,973	$2,406,160
LIABILITIES AND PARTNERS' EQUITY
LIABILITIES:
Distribution due to partners	$151,515	$151,515
Incentive management fee liability	20,453	11,363
Property management fee liability – related party	11,523	9,391
Deferred income	43,965	37,539
Accrued expenses	19,311	24,684
Other liabilities	119,043	93,134
TOTAL LIABILITIES	365,810	327,626
PARTNERS' EQUITY:
General partners	(68,616)	(68,882)
Limited partners	2,173,779	2,147,416
Total partners' equity	2,105,163	2,078,534
Non-controlling interest in real estate joint venture	-	-
Total equity	2,105,163	2,078,534
TOTAL LIABILITIES AND PARTNERS’ EQUITY	$2,470,973	$2,406,160

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

DSI REALTY INCOME FUND XI
(A California Real Estate Limited Partnership)


UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
	Three Months Ended March 31,
	2012	2011

REVENUES:
Self-storage rental income	$452,854	$443,589
Ancillary operating revenue	36,035	35,109
Interest and other income	6	10
TOTAL	488,895	478,708
EXPENSES:
Depreciation	4,528	13,605
Operating	197,439	210,786
General and administrative	64,209	84,405
General partners' incentive management fee	13,636	13,635
Property management fee – related party	30,939	29,429
TOTAL	310,751	351,680
NET INCOME	$178,144	$126,848
LESS: Net income attributable to non-controlling interest	0	0
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP	$178,144	$126,848
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP ALLOCATED TO:
General partners	$1,781	$1,268
Limited partners	176,363	125,580
TOTAL	$178,144	$126,848

Weighted average limited partnership units outstanding	20,000	20,000
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP PER LIMITED PARTNERSHIP UNIT	$ 8.82	$ 6.28

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

DSI REALTY INCOME FUND XI
(A California Real Estate Limited Partnership)


UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF PARTNERS’ EQUITY (DEFICIT)
	General Partners	Limited Partners	Non-controlling Interest	Total


BALANCE, December 31, 2011 (Audited)	$(68,882)	$2,147,416	$0	$2,078,534
Net Income Allocation	1,781	176,363	0	178,144
Distributions	(1,515)	(150,000)	0	(151,515)
BALANCE, March 31, 2012	$(68,616)	$2,173,779	$0	$2,105,163

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

DSI REALTY INCOME FUND XI
(A California Real Estate Limited Partnership)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
	Three Months Ended March 31,
	2012	2011

CASH FLOWS FROM OPERATING ACTIVITIES:
Net income attributable to the partnership	$178,144	$126,848
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	4,528	13,605
Net income attributable to non-controlling interests	—	—
Changes in assets and liabilities:
Other assets	18,783	11,131
Incentive management fee payable to general partners	9,090	6,817
Property management fees payable	2,132	1,025
Customer deposits and other liabilities	26,962	9,239
Net cash provided by operating activities	239,639	168,665

CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property	-	-
Net cash used in investing activities	-	-

CASH FLOWS FROM FINANCING ACTIVITIES:
Distributions to partners	(151,515)	(151,515)
Distributions paid to non-controlling interest	-	-
Net cash used in financing activities	(151,515)	(151,515)

NET INCREASE IN CASH AND CASH EQUIVALENTS	88,124	17,150
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	303,356	311,084
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$391,480	$328,234
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest	$0	$0
NON CASH INVESTING AND FINANCING ACTIVITIES:
Distributions due partners included in partners' equity	$151,515	$151,515

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

DSI REALTY INCOME FUND XI
(A California Real Estate Limited Partnership)

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2012

1. GENERAL

DSI Realty Income Fund XI (the "Partnership") is a publicly-held limited partnership organized under the California Uniform Limited Partnership Act pursuant to a Certificate and Agreement of Limited Partnership (hereinafter referred to as "Agreement") dated December 7, 1988. The General Partners are DSI Properties, Inc., a California corporation and RJC Capital Management, LLC and JWC Capital Management, LLC.

DSI Properties, Inc. is an affiliate of Diversified Securities, Inc., a wholly-owned subsidiary of DSI Financial, Inc. The General Partners provide similar services to other partnerships. Through its public offering of Limited Partnership Units, Registrant sold twenty thousand (20,000) units of limited partnership interests aggregating Ten Million Dollars ($10,000,000). The General Partners have retained a one percent (1%) interest in all profits, losses and distributions (subject to certain conditions) without making any capital contribution to the Partnership. The General Partners are not required to make any capital contributions to the Partnership in the future.

The Partnership has entered into four joint venture arrangements with affiliates of Dahn Corporation ("Dahn"). The Partnership and its joint venture partners have acquired mini-storage properties located in Whittier, California; Edgewater, New Jersey; Bloomingdale, Illinois; and Sterling Heights, Michigan. The properties were acquired from Dahn.

Pursuant to the terms of each joint venture agreement, annual profits (before depreciation) of each joint venture will be allocated to the Joint Venture Partners on the basis of actual distributions received, while annual losses (before depreciation) are to be allocated in proportion to the ownership percentages as specified below. Cash distributions are to be made to each Joint Venture Partner based upon each Joint Venture Partner's ownership percentage. However, the Joint Venture Partners have subordinated their rights to any distributions to the Partnership's receipt of an annual, noncumulative, 8% return (7.75% for the Whittier Mini Property) from the operation of the joint ventures. A non-controlling interest in real estate joint venture is recorded to the extent of any distributions due to the Joint Venture Partners. As of March 31, 2012, no non-controlling interest in real estate joint venture was recorded as the requirements under the subordination agreement had not been met. The Joint Venture Partners are also entitled to receive a percentage, based upon a pre-determined formula, of the net proceeds from the sale of the properties.

The accompanying unaudited consolidated interim financial statements have been prepared by the Partnership's management in accordance with accounting principles generally accepted in the United States of America ("GAAP") and in conjunction with the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the unaudited interim consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited consolidated interim financial statements reflect all adjustments of a normal and recurring nature which are considered necessary for a fair presentation of the results for the interim periods presented. However, the results of operations for the interim periods are not necessarily indicative of the results that may be expected for the year ending December 31, 2012. These unaudited interim consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Partnership's annual report on Form 10-K for the year ended December 31, 2011.

Significant Accounting Policies

The Partnership has adopted Accounting Standards Update 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income. For the three months ended March 31, 2012 and 2011 comprehensive income equaled net income, as the Partnership had no other comprehensive income. As of March 31, 2012 and December 31, 2011, accumulated other comprehensive income was $0.

ASC 825-10 (formerly SFAS 107, “Disclosures about Fair Value of Financial Instruments”) defines financial instruments and requires disclosure of the fair value of financial instruments held by the Partnership. The Partnership considers the carrying amount of cash, accounts receivable, other receivables, accounts payable and accrued liabilities, to approximate their fair values because of the short period of time between the origination of such instruments and their expected realization.

Recent Accounting Pronouncements

In May 2011, the FASB issued Accounting Standards Update 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. The new guidance results in a consistent definition of fair value and common requirements for measurement of and disclosure about fair value between U.S. GAAP and International Financial Reporting Standards. While many of the amendments to U.S. GAAP are not expected to have a significant effect on practice, the new guidance changes some fair value measurement principles and disclosure requirements. This new guidance is effective for fiscal years and interim periods beginning after December 15, 2011. The adoption of the standard update does not have a significant impact on its financial position or results of operations.

2. PROPERTY

The Partnership holds a 90% interest in a joint venture that owns a mini-storage facility in Whittier, California; an 85% interest in an operating mini-storage in Edgewater Park, New Jersey; a 90% interest in an operating mini-storage facility in Bloomingdale, Illinois; and a 75% interest in an operating mini-storage in Sterling Heights, Michigan. Depreciation is calculated using the straight-line method over the estimated useful life of 20 years. Property under capital leases is amortized over the lives of the respective leases. The total cost of property and accumulated depreciation at March 31, 2012 and December 31, 2011, were as follows:

	March 31, 2012	December 31, 2011
Land	$ 1,894,250	$ 1,894,250
Buildings and improvements	6,725,753	6,725,753
Rental trucks under capital leases	_ 163,382	_ 163,382
Total	8,783,385	8,783,385
Less accumulated depreciation	(6,787,728)	(6,783,200)
Property, net	$ 1,995,657	$ 2,000,185

3. NET INCOME PER LIMITED PARTNERSHIP UNIT

Net income per limited partnership unit is calculated by dividing the net income allocated to the limited partners by the number of limited partnership units outstanding during the period.

4. ALLOCATION OF PROFITS AND LOSSES AND GENERAL PARTNERS' INCENTIVE MANAGEMENT FEE

Under the Agreement of Limited Partnership, the general partners are to be allocated 1% of the net profits or losses from operations, and the limited partners are to be allocated the balance of the net profits or losses from operations in proportion to their limited partnership interests. The general partners are also entitled to receive a percentage, based on a predetermined formula, of any cash distribution from the sale, other disposition, or refinancing of the project.

In addition, the general partners are entitled to receive an incentive management fee for supervising the operations of the Partnership. The fee is to be paid in an amount equal to 9% per annum of the cash distributions to limited partners in the fund.

5. RELATED-PARTY TRANSACTIONS

The Partnership has entered into a management agreement with Dahn to operate its mini-storage facilities. The management agreement provides for a management fee equal to 6% of gross revenue from operations, which is defined as the entire amount of all receipts from the renting or leasing of storage compartments and sale of locks. The management agreement is renewable annually. Dahn earned management fees equal to $30,939 and $29,429, for the three month periods ended March 31, 2012 and 2011, respectively. Amounts payable to Dahn at March 31, 2012 and December 31, 2011 were $11,523 and $9,391, respectively.

Beginning in July 2011, the General Partner, DSI Properties, Inc. performs all tax related work with respect to the Partnership. These services are paid monthly in the amount of $2,313. Tax fees paid to DSI Properties, Inc. for the nine month period ended March 31, 2012 were $6,939.

6. SUBSEQUENT EVENTS

Events subsequent to March 31, 2012, have been evaluated through the date these unaudited interim consolidated financial statements were issued to determine whether they should be disclosed to keep the unaudited interim financial statements from being misleading. Management found no subsequent events that should be disclosed.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Critical Accounting Policies

Revenue recognition - Revenue is recognized using the accrual method based on contractual amounts provided for in the lease agreements, which approximates recognition on a straight-line basis. The term of the lease agreements is usually less than one year.

RESULTS OF OPERATIONS

2012 COMPARED TO 2011

For the three-month periods ended March 31, 2012 and 2011, revenues increased 2.1% to $488,895 from $478,708 and total expenses decreased 11.7% to $310,751 from $351,860 resulting in an increase in net income of 40.4% to $178,144 from $126,848. Rental revenues increased primarily as a result of higher unit rental rates. Occupancy levels for the Partnership's mini-storage facilities averaged 72.5% for the three-month period ended March 31, 2012, compared to 71.9% for the same period in 2011. Operating expenses decreased $13,347 or 6.3% primarily due to decreases in advertising, power sweep/snow plow and health insurance expenses, partially offset by an increase in employee promotional expense. General and administrative expenses decreased $20,196 or 23.9% primarily as a result of a decrease in legal and professional and office supplies expenses.

The General Partners plan to continue their policy of funding the continuing improvement and maintenance of Partnership properties with cash generated from operations. In addition, the Partnership is continuing its marketing efforts to attract and keep new tenants in its various mini-storage facilities.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not required.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

The Partnership’s management, with the participation of the principal executive officer and principal financial officer of DSI Properties, Inc., its General Partner, who are the equivalent of the Partnership’s principal executive officer and principal financial officer, respectively, has evaluated the effectiveness of the Partnership’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on such evaluation, the principal executive officer and principal financial officer of the General Partner, who are the equivalent of the Partnership’s principal executive officer and principal financial officer, respectively, concluded that, as of the end of such period, the Partnership’s disclosure controls and procedures were effective.

Changes in Internal Control over Financial Reporting.

There have been no significant changes in the Partnership’s internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the reporting period that have materially affected, or are reasonably likely to materially affect, the Partnership’s internal control over financial reporting.

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Registrant is not a party to any material pending legal proceedings.

ITEM 1A. RISK FACTORS

Not required.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. (REMOVED AND RESERVED)

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

(a) Exhibits

31.1 Rule 13a-14(a)/15d-14(a) Certification: Principal Executive Officer
31.2 Rule 13a-14(a)/15d-14(a) Certification: Principal Financial Officer
32.1 Section 1350 Certification: Principal Executive Officer
32.2 Section 1350 Certification: Principal Financial Officer
101 The unaudited consolidated financial statements and footnotes from the Partnership’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2012 formatted in Extensible Business Reporting Language (XBRL): (i) Unaudited Condensed Consolidated Balance Sheets; (ii) Unaudited Condensed Consolidated Statements of Income; (iii) Unaudited Condensed Consolidated Statements of Stockholders’ Equity; (iv) Unaudited Condensed Consolidated Statements of Cash Flows; and (v) the Notes to Unaudited Condensed Consolidated Financial Statements, tagged as blocks of text.*

*Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

DSI REALTY INCOME FUND XI,
a California Limited Partnership
by: DSI Properties, Inc., a California Corporation, as General Partner

By: /s/ ROBERT J. CONWAY

Dated: May 15, 2012

ROBERT J. CONWAY, President
(Chief Executive Officer and Director)

By: /s/ RICHARD P. CONWAY

Dated: May 15, 2012

RICHARD P. CONWAY, Executive Vice President
(Chief Financial Officer and Director)

EXHIBIT 31.1
Rule 13a-14(a)/15d-14(a) Certification

I, Robert J. Conway, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of DSI Realty Income Fund XI;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15e and 15d-15e) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ ROBERT J. CONWAY _ Robert J. Conway,
President of DSI Properties, Inc.,
General Partner (chief executive officer)

May 15, 2012

EXHIBIT 31.2
Rule 13a-14(a)/15d-14(a) Certification

I, Richard P. Conway, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of DSI Realty Income Fund XI;

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ RICHARD P. CONWAY _

Richard P. Conway

Executive Vice President of DSI Properties, Inc.,

General Partner (chief financial officer)

May 15, 2012

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of DSI Realty Income Fund XI (the "Partnership") on Form 10-Q for the period ending March 31, 2012 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Robert J. Conway, President of DSI Properties, Inc., General Partner of the Partnership, and performing the functions of chief executive officer of the Partnership, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Partnership.

/s/ ROBERT J. CONWAY _

Robert J. Conway
President of DSI Properties, Inc.,
General Partner (chief executive officer)
May 15, 2012

EXHIBIT 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of DSI Realty Income Fund XI (the "Partnership") on Form 10-Q for the period ending March 31, 2012 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Richard P. Conway, Executive Vice President of DSI Properties, Inc., General Partner of the Partnership, and performing the functions of chief financial officer of the Partnership, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Partnership.

/s/ RICHARD P. CONWAY _

Richard P. Conway
Executive Vice President of DSI Properties, Inc.,
General Partner (chief financial officer)

May 15, 2012

EX-101.PRE 2 dsi011-20120331_pre.xml XBRL PRESENTATION FILE EX-101.INS 3 dsi011-20120331.xml XBRL INSTANCE FILE 0000844048 2012-03-31 0000844048 2011-12-31 0000844048 2012-01-01 2012-03-31 0000844048 2011-01-01 2011-03-31 0000844048 us-gaap:GeneralPartnersCapitalAccount 2012-01-01 2012-03-31 0000844048 us-gaap:GeneralPartnersCapitalAccount 2011-12-31 0000844048 us-gaap:GeneralPartnersCapitalAccount 2012-03-31 0000844048 us-gaap:LimitedPartnersCapitalAccount 2012-01-01 2012-03-31 0000844048 us-gaap:LimitedPartnersCapitalAccount 2011-12-31 0000844048 us-gaap:LimitedPartnersCapitalAccount 2012-03-31 0000844048 us-gaap:NoncontrollingInterestMember 2012-01-01 2012-03-31 0000844048 us-gaap:NoncontrollingInterestMember 2011-12-31 0000844048 us-gaap:NoncontrollingInterestMember 2012-03-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares DSI Realty Income Fund XI 10-Q 2012-03-31

391480

303356

1995657

2000185

47777

69239

2579

33480

33380

2470973

2406160

151515

20453

11363

11523

9391

43965

37539

19311

24684

119043

93134

365810

327626

-68616

-68882

2173779

2147416

2105163

2078534

-68882

2147416

2470973

2406160

452854

443589

36035

35109

488895

478708

4528

13605

197439

210786

64209

84405

13636

13635

30939

29429

310751

351860

178144

126848

1781

176363

178144

126848

1781

1268

176363

125580

178144

126848

20000

8.82

6.28

178144

126848

18783

11131

9090

6817

2132

1025

26962

9239

239639

168665

151515

-151515

88124

17150

151,515

0000844048 false --12-31 Yes No Yes Smaller Reporting Company Q1 2012

DSI Realty Income Fund XI (the "Partnership") is a publicly-held limited partnership organized under the California Uniform Limited Partnership Act pursuant to a Certificate and Agreement of Limited Partnership (hereinafter referred to as "Agreement") dated December 7, 1988. The General Partners are DSI Properties, Inc., a California corporation and RJC Capital Management, LLC and JWC Capital Management, LLC. DSI Properties, Inc. is an affiliate of Diversified Securities, Inc., a wholly-owned subsidiary of DSI Financial, Inc. The General Partners provide similar services to other partnerships. Through its public offering of Limited Partnership Units, Registrant sold twenty thousand (20,000) units of limited partnership interests aggregating Ten Million Dollars ($10,000,000). The General Partners have retained a one percent (1%) interest in all profits, losses and distributions (subject to certain conditions) without making any capital contribution to the Partnership. The General Partners are not required to make any capital contributions to the Partnership in the future. The Partnership has entered into four joint venture arrangements with affiliates of Dahn Corporation ("Dahn"). The Partnership and its joint venture partners have acquired mini-storage properties located in Whittier, California; Edgewater, New Jersey; Bloomingdale, Illinois; and Sterling Heights, Michigan. The properties were acquired from Dahn. Pursuant to the terms of each joint venture agreement, annual profits (before depreciation) of each joint venture will be allocated to the Joint Venture Partners on the basis of actual distributions received, while annual losses (before depreciation) are to be allocated in proportion to the ownership percentages as specified below. Cash distributions are to be made to each Joint Venture Partner based upon each Joint Venture Partner's ownership percentage. However, the Joint Venture Partners have subordinated their rights to any distributions to the Partnership's receipt of an annual, noncumulative, 8% return (7.75% for the Whittier Mini Property) from the operation of the joint ventures.  A non-controlling interest in real estate joint venture is recorded to the extent of any distributions due to the Joint Venture Partners. As of March 31, 2012, no non-controlling interest in real estate joint venture was recorded as the requirements under the subordination agreement had not been met. The Joint Venture Partners are also entitled to receive a percentage, based upon a pre-determined formula, of the net proceeds from the sale of the properties. The accompanying unaudited consolidated interim financial statements have been prepared by the Partnership's management in accordance with accounting principles generally accepted in the United States of America ("GAAP") and in conjunction with the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the unaudited interim consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited consolidated interim financial statements reflect all adjustments of a normal and recurring nature which are considered necessary for a fair presentation of the results for the interim periods presented. However, the results of operations for the interim periods are not necessarily indicative of the results that may be expected for the year ending December 31, 2012. These unaudited interim consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Partnership's annual report on Form 10-K for the year ended December 31, 2011.   Fair Value of Financial Instruments   ASC 825-10 (formerly SFAS 107, Disclosures about Fair Value of Financial Instruments) defines financial instruments and requires disclosure of the fair value of financial instruments held by the Partnership. The Partnership considers the carrying amount of cash, accounts receivable, other receivables, accounts payable and accrued liabilities, to approximate their fair values because of the short period of time between the origination of such instruments and their expected realization.   Significant Accounting Policies The Partnership has adopted Accounting Standards Update 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income. For the three months ended March 31, 2012 and 2011 comprehensive income equaled net income, as the Partnership had no other comprehensive income. As of March 31, 2012 and December 31, 2011, accumulated other comprehensive income was $0. ASC 825-10 (formerly SFAS 107, Disclosures about Fair Value of Financial Instruments) defines financial instruments and requires disclosure of the fair value of financial instruments held by the Partnership. The Partnership considers the carrying amount of cash, accounts receivable, other receivables, accounts payable and accrued liabilities, to approximate their fair values because of the short period of time between the origination of such instruments and their expected realization.   Recent Accounting Pronouncements   In May 2011, the FASB issued Accounting Standards Update 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. The new guidance results in a consistent definition of fair value and common requirements for measurement of and disclosure about fair value between U.S. GAAP and International Financial Reporting Standards. While many of the amendments to U.S. GAAP are not expected to have a significant effect on practice, the new guidance changes some fair value measurement principles and disclosure requirements. This new guidance is effective for fiscal years and interim periods beginning after December 15, 2011. The adoption of the standard update does not have a significant impact on its financial position or results of operations.

The Partnership holds a 90% interest in a joint venture that owns a mini-storage facility in Whittier, California; an 85% interest in an operating mini-storage in Edgewater Park, New Jersey; a 90% interest in an operating mini-storage facility in Bloomingdale, Illinois; and a 75% interest in an operating mini-storage in Sterling Heights, Michigan.  Depreciation is calculated using the straight-line method over the estimated useful life of 20 years. Property under capital leases is amortized over the lives of the respective leases. The total cost of property and accumulated depreciation at March 31, 2012 and December 31, 2011, were as follows:   <table cellspacing="0" cellpadding="0" style="font: 10pt Tahoma, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 57%; padding: 1.45pt 5.25pt"> </td> <td style="width: 22%; padding: 1.45pt 5.25pt">   March 31, 2012</td> <td style="width: 21%; padding: 1.45pt 5.25pt">   December 31, 2011 </td></tr> <tr style="vertical-align: top"> <td style="padding: 1.45pt 5.25pt">Land</td> <td style="padding: 1.45pt 5.25pt; text-align: right">$     1,894,250</td> <td style="padding: 1.45pt 5.25pt; text-align: right">$     1,894,250</td></tr> <tr style="vertical-align: top"> <td style="padding: 1.45pt 5.25pt">Buildings and improvements</td> <td style="padding: 1.45pt 5.25pt; text-align: right">6,725,753</td> <td style="padding: 1.45pt 5.25pt; text-align: right">6,725,753</td></tr> <tr style="vertical-align: top"> <td style="padding: 1.45pt 5.25pt">Rental trucks under capital leases</td> <td style="padding: 1.45pt 5.25pt; text-decoration: underline; text-align: right">    _    163,382</td> <td style="padding: 1.45pt 5.25pt; text-decoration: underline; text-align: right">_         163,382</td></tr> <tr style="vertical-align: top"> <td style="padding: 1.45pt 5.25pt; font-weight: bold">Total</td> <td style="padding: 1.45pt 5.25pt; font-weight: bold; text-align: right">8,783,385</td> <td style="padding: 1.45pt 5.25pt; font-weight: bold; text-align: right">8,783,385</td></tr> <tr style="vertical-align: top"> <td style="padding: 1.45pt 5.25pt">Less accumulated depreciation</td> <td style="padding: 1.45pt 5.25pt; text-decoration: underline; text-align: right">(6,787,728)</td> <td style="padding: 1.45pt 5.25pt; text-decoration: underline; text-align: right">(6,783,200)</td></tr> <tr style="vertical-align: top"> <td style="padding: 1.45pt 5.25pt; font-weight: bold">Property, net</td> <td style="padding: 1.45pt 5.25pt; font-weight: bold; text-decoration: underline; text-align: right">$ 1,995,657</td> <td style="padding: 1.45pt 5.25pt; font-weight: bold; text-decoration: underline; text-align: right">$ 2,000,185</td></tr> </table>

Net income per limited partnership unit is calculated by dividing the net income allocated to the limited partners by the number of limited partnership units outstanding during the period.

The Partnership has entered into a management agreement with Dahn to operate its mini-storage facilities. The management agreement provides for a management fee equal to 6% of gross revenue from operations, which is defined as the entire amount of all receipts from the renting or leasing of storage compartments and sale of locks. The management agreement is renewable annually. Dahn earned management fees equal to $30,939 and $29,429, for the three month periods ended March 31, 2012 and 2011, respectively. Amounts payable to Dahn at March 31, 2012 and December 31, 2011 were $11,523 and $9,391, respectively.   Beginning in July 2011, the General Partner, DSI Properties, Inc. performs all tax related work with respect to the Partnership. These services are paid monthly in the amount of $2,313. Tax fees paid to DSI Properties, Inc. for the nine month period ended March 31, 2012 were $6,939.

20000

2105163

2078534

-68616

2173779

151515

1515

150000

EX-101.SCH 4 dsi011-20120331.xsd XBRL SCHEMA FILE 0001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 0002 - Statement - Consolidated Balance Sheets (Unaudited) link:presentationLink link:calculationLink link:definitionLink 0003 - Statement - Consolidated Statements of Income (Unaudited) link:presentationLink link:calculationLink link:definitionLink 0004 - Statement - Consolidated Statements of Partners' Equity (Deficit) (Unaudited) link:presentationLink link:calculationLink link:definitionLink 0005 - Statement - Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 0006 - Disclosure - General link:presentationLink link:calculationLink link:definitionLink 0007 - Disclosure - Property link:presentationLink link:calculationLink link:definitionLink 0008 - Disclosure - Net Income Per Limited Partnership Unit link:presentationLink link:calculationLink link:definitionLink 0009 - Disclosure - Allocation of Profits and Losses link:presentationLink link:calculationLink link:definitionLink 0010 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 0011 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 5 dsi011-20120331_cal.xml XBRL CALCULATION FILE EX-101.DEF 6 dsi011-20120331_def.xml XBRL DEFINITION FILE EX-101.LAB 7 dsi011-20120331_lab.xml XBRL LABEL FILE General Partners Statement, Equity Components [Axis] Limited Partners Non-controlling Interest Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Is Entity a Well-known Seasoned Issuer? Is Entity a Voluntary Filer? Is Entity's Reporting Status Current? Entity Filer Category Entity Public Float Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS: Cash & Equivalents Property Net Uncollected Rental Revenue Prepaid Advertising Other Assets TOTAL LIABILITIES AND PARTNERS' EQUITY LIABILITIES: Distribution due to Partners Incentive Management Fee Liability Property Management Fee Liability Deferred Income Accrued Expenses Other Liabilities Total Liabilities PARTNERS' EQUITY: Total Partners' Equity Noncontrolling Interest in Real Estate Joint Venture Total Equity TOTAL Income Statement [Abstract] REVENUES: Self-storage rental income Ancillary operating revenue Interest and other income TOTAL EXPENSES: Depreciation Operating General and administrative General partners' incentive management fee Property management fee TOTAL NET INCOME LESS: net income attributable to the non-controlling interest NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP ALLOCATED TO: General partners Limited partners TOTAL Weighted average limited partnership units outstanding NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP PER LIMITED PARTNERSHIP UNIT Statement [Table] Statement [Line Items] BALANCE, Beginning Net Income Allocation Distributions Balance, Ending Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES: Net income attributable to the Partnership Adjustments to reconcile net income to net cash provided by operating activities: Net Income attributable to non-controlling interests Changes in assets and liabilities: Other assets Incentive management fee payable to General Partners Property management fees payable Customer deposits and other liabilities Net cash provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Additions to property Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES: Distributions to partners Distributions paid to non-controlling interests Net cash used in financing activities NET INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CASH AND CASH EQUIVALENTS AT END OF PERIOD SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Cash paid for interest NON CASH INVESTING AND FINANCING ACTIVITIES: Distributions due partners included in partners' equity Notes to Financial Statements General Property Net Income Per Limited Partnership Unit Allocation of Profits and Losses Related Party Transactions Subsequent Events Entity Common Stock, Shares Outstanding Assets Liabilities Partners' Capital Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Revenues Operating Costs and Expenses Income (Loss) from Continuing Operations Attributable to Parent Operating Income (Loss) Net Cash Provided by (Used in) Operating Activities, Continuing Operations Payments to Acquire Productive Assets Net Cash Provided by (Used in) Investing Activities Payments of Capital Distribution Net Cash Provided by (Used in) Financing Activities Cash and Cash Equivalents, Period Increase (Decrease) XML 8 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } ZIP 9 0000844048-12-000048-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000844048-12-000048-xbrl.zip M4$L#!!0````(`+N)KT"SKY]H[1L``*ZW```3`!P`9'-I,#$Q+3(P,3(P,S,Q M+GAM;%54"0`#$L>R3Q+'LD]U>`L``00E#@``!#D!``#L76MSVT:R_7ZK[G^8 MU<99NXHOD`0?DNTM1K(V2OS0BG:2K4K5%@0,R;%!@,$`HKB__G;/X#$`01(` M(7_K MV>P4_TU@'!U^>L_9JQ/%/NM>R_7F[6ZGH[5_>_=V:B[HTF@RA_N&8]*3Z"[H MYI>\^[3Q>-P65Z.F6RU1>:2CU\;+MP9/)"/`/>VWD,!5RX]O4!OK;7DQU93E M-AW(IBQJ:M%,NX"WX3ML.FYVM&9/BUIZ=+83[:`-5Z.&C+O]KC;7?(R[DW`/^#YX;WP%_RFBX`AY8 MTLO`L7Z[:J,+=WIP4^2U.-*G7/C3#9T1X22G"V$_&0K-Z);6/;=.P@:(X=4) M9\@')Z0="9-^;+J.3^]]PJQ7)Q/^888"FIU>,]$:-X5H9/XF_C;^GEEX9<:` M=`0VFAH@3LW6W+UKGU_]?/(:PVC4[W?ZHY?M[,V)NG:NOE#;BGK,M7)0"*_V M7R<=B%6$5[+R4Y*B+T-['#22U@0U?V8CA1UX&"-=>NY2#H0&__?=/ZU7@5$\ M'Q/*ZZ0[D:3DVM9MD#Z5FU1GC*[4:F=-L;/VY[>S5L7.VB/8.<>?_RTK,/L: M,,('?FZLF&_8$]-T`\=_LE%(#$OG2ZK$=7S)`C#W*YN9S']'E[>@V&+04M:D M88(\Q5J(XOUO_@@`-]:4K@-_\LD]XR>OHV9[;?"RG:M.A=K.Q_K_,F33^>.; M^WQM[O-8*3)=;'WS@Z_8#QZTGMR36MZR)?.I]5_M$WMM\"VU[$LMW]SG*W.? M)THMW_S@Z_6#ITHM[UT'6WJNC:NM5W"/1WG8[_\2E]AG@F^)95]B^>8\7Y7S M/%%:^>8%7ZL7U)Y4`H=)%_@TO=@:VB4U>.#1U^'>RRFTB81%E](J4-H.^=.% M`1;MG?)5G5?N&:`$?-QLRJN4^LT_RG%J[?GB;T6!N_'. M%5K^/?6KFDX;C_6!/DR0[5-R+*`BENI"\M-&>C5`,,WQ`FI=4LJAY0=_0;T; M>D>=@-Y0DX*9;^W*3M8?PC\)K"*JZH)7Q&Z#<;M4=7!K,FUAW8FW%P MPZJVZNK#L3J"6;G5-.\PPSUGIPZS7YWXT&-EVS\2+CH_X9SZO#+!]%+\HD@L MJ:P05_1Z!94=UZEN?]@9#WN*SY144BB<^YV!-N@<4G(A,K%C\6MC@ZX9GHD" MU\7*4_Y1F>)T_%^"H(BNNO`5,5$=^,)P?\N,6V8SGU%>IP6[G;[>V^*6`\KJ M@UC(B%IO4`=$7"5[$"?4]&X:WR%--8$K8KPQ%%!'8;N@,PH7K##%5$ZQO?%` M#82TU`I*"]'M4%<3YP&EVXY5O?+J:=H^CZVFNA@I#T;],JI%#JJCS]JXT^]E MHLYN-;K%U=;0T][`WVD*6FONK9"/MP=#KJ#0MKV;CU7[6US,((LG^C? MJ^1H1$4L`HA&HVY%1'OW4"HG46W8&ZIE\5XM1T,JQ`-:?]C7!A4A95I5MTM' MU]3>9PI*ND4)O:`R=+4=#JC3/*@7IAOH&L_,*J3T+@7LK.;T[TI7@2BDHK3WOU.]> M[?V>/AH7U!ZNC1CV&XY[(34:H3?H]/1,U;&EJ#J#VCK(V' M?75>NJ6D$HJR5H#B;#@:E$`1UCX0&1-KR1RQK^6S.QJVKX4L^EV5QPYHK`%@ M6:/AWKU>&:#@Y7-7L$O8I%:NQ86R028-[%!W++0*,;>5,,M`>P3GZW7&O6P2 MK3+`C^"&W7&_>RS4R-PX"CP9AEH8K@?3T98#C2^DH-G5)06GOI6.P.1OU17=K+/T]VR#(/B:SZ9%D;#E+[$/5C MJV/.O!?5.^:X'L,'M*7H*R?5_,/LW'6X:S-\0X$E#K!D%RXK^KL"L!*&!^M( MV="INR-)>P0$=P`=!3#X(36!A(>@F\-:Z\%Y+#&5QYD:@HEMNR9:_Z.;(:2Z MC+HC[G8KKA%O%>,^&-X,K=9CWSU\NUMUC8C+6UC71[NXN#CBN"QYV)HC1TU% M),>&>0$DOU(V7X#-)G?0=$XS%ERPU2=0QS\$/IX2MBI-I\+CM`K4J_>7\M": M,J:E@3Q(3_9;_)%ZRS9[-:;IFO?]]AMX.,QF8]N?F5>T2R'#C76@J.` MF0[A`!`>-3B]H/*_5XY89XC9.N?T8%7?&`U'O90[%U!<']S2+J5I/>V!X&9. M:-5AW7%GW#F(-J.W/K1EC3L8:<.'0[OOE%5%\W:U7K<(X`/GL(["7'['JZL_ M".;S@/O`7-X%7;FOC^E?;ZP6B@'D*MMW_`1?CH"O_H M3LP_`N91D&L%*(+6ERE3IV,.Z*L%X!$+9*4![AB/*^<.BIS4>-1LRN**ZX5\ MA'&K0XZ&Y<,L7/R^P*TBK#%KVMC//O2P5^'1Z$J3P#'H=EC]DCF&8];NHUL8U`L]_FE(^CYK-L778?#32NLHLM8SZNJ&7]NRAIA]\4K88]&AF M>6TPJV:N546757L$7^Y3FWTJZ[WA!UZ)A[)UK;'W*2\IK[K6O&Z7U9H\DGX. M;N`9]I5CT?N?Z:9P-]575^R4IJJ;`*]:R*V7ME%X/?;U#`:/2@TI`:KD\+FE M2\9-P_X7-;RRS[DWHU>,[).V;;I?J6W_[+AK9PI!XSI`89P'U"NL]E_X9H.# MXK;U_N+:,-LUO(UX*W[AW/+ZO:NJRTC)\0QIB!N8H'A80\B7R%?M7;ZT;:T" MS3G8>^YZQ;UQ"D&.OQ`0BQ>_%6`X&Q5"2G3>6Q+DF$M.O(3OBG?VGYDW)&Q) MVJT.7:R<,OR#[9I?"B/]WO;/5H3[&YN^.ED:WIPYIZ1S1F9P_RFY;W(< M-C+Q0&&#_$CM.^HSTVB0J>'PYA2L-SOY?NZ?H9CV2GSZJ]8+_Z6*EO*TSLHG M'XV%NP01/QHYTLZ(!-'T<+-#0`F_N'5]F(ZKW]ATABVJ`\CK3E4`.]\N(J`\ M]Q>4?&\L5V=_[?7/E'7\^+L7A'%BD%5P:S/3WC07U+:(+=?]R2JY@;C25>!; MD`\!A9+/#9O-7,]A!OGDX*^(RFD,63/L92E!Z*DQ4$:AAQ0D;` M&3:(-AZ-6N0C="/8"R`-\O;MN;C^TZ_Q=0$BTZ:%CG/KM1-OROR=!TD,'ZB?S9C- MT)1@/,CP^"LH,P:]GE(S\%BZ"^N%:\-00T*!!CRXY M,>9B;[%!DM?C$.`H2\#PUV"X#?BA&W"T[O-NIP&EQPM1Z'$4F.?&+*SOP&IS M<)6Y/+CZD3KD';-M',D+,(X!O7O^G28$"J'YCB)P+(P["N[H&PS-:1!(T`2& MR$1/?JX]>Q&KA`\$66TE=I:@5T">>&(1P5O*9!)4PZ!\IJ8(%!-&&T0CLUI, M7'Y!U@Q[[0,??`'T`@5D-&(JSP_%4V$0@:&J&'6/TSNN#UT1BS`BLD`!!F>^ M:)XC6V`!M/CU+,#"LO7D%/DQ#9$L@"^H&!,KA`O]F+F!1SZ[\)G%L7"@FD@XX'G,.7@I(2!IKLE/()IN MS@AD:WPEUMR"V1Z$.6X3NHR?A:X$M`%WX-8AC`0:&YSU'3,7#%*`[(P"84T] M!>@,DKZPS-./^[62;M`?H4M+'#B!A!KF(CO>4>H`CG2LX]%P9,+<&9\*S#--']6E2\,1+ M>ZC5`/Z&>C7"&))(/D2,:5"?@@.N@J.'U;#K2":5`#$?2/<,Z0M\C6-RY2N0 M*++)+;7==8O@6D$&7:)I:5CBH[!-JM-1"&!'L8Y80;^QE0"1V_)O/!=5B_SH MKND=.O6691-"$Q$$3.IZ%K[\#4=B01F4#L*C1>$`S);JAFH.)5[_%EI_)6H3 M3+?"]@W@2P?J[,`6!^@;9/0,$T'@`14,6T/]&;"*+)2BV(0H&!P/>TQKBU\C0-A5!KHT$I20D+M2'B4GR<5*$ M)B,LZK"XBEP8ELAGMQ22^Y+ZDKAV^`JZKV%SEXCW4-K2/&'$20R*^S54!X8+ M'FU:%-E%5`!8!H-'--`FB,^A/@:<2:G%DP'G0+Q1BX1,GYXTT4:&:.*?Q(:!=>%]AAC0;5HHATI#LY<@)(4F&+5F_NS066 M#;C.L&2OZX+L4XS&<8_.D,$-6"=D_-KV` MDFM^+!SQ:14+IG`0[:8=8/2K_AI+AWP_33Q@(=^V%8GP/NR^^11J&CT!\[KJ4\=!`QR7'DTBWD;V!*0R[B MPN0+*U&@"9@Y<9R&B>$E,P-2U4I9@XGL!5\%-JB*0^W@2Y^- M!V9#8;)(Y:'5:%8>)PY!T_R0H^6/"H=9D8U5"F:7W)".,43"<^7@J$D7Q%DL MA1`)_3;FF#2'A<'HB35&K.8N<2E$ZS1_CDT:]3F,D6RWM7SF_Q,M:NT#H`J^ M%1]B9Q6Z;A]'ZR6&E'R'*[ALO,P!G`%%CU@NY0$I_0HI&WTE%`FTW,RZNI- MK4.>(UG#W'!#II>3J8"B=8:-<`%.ZP_/+I249=SB,D41NX>WCW"YCD)0PLU) M:+*D89BB1&+@2GH42$(B$M1Y%^G+%R/6.;<+DNVI>D31L@8UPY?S$F,IWKH$ M\DV8##6B0D76)E[\?M5&N!"6?,.3MF05'H?$/AGR%!VQDV-T#3%'64%Y>,^6 M6"?+^4O2/0Y49QH!CRD8"-#SY3J"H&[Q/5MB)>"OL1@0>1%&/RJ7X3H/(!EE M+2PUQ>R-Q7JX35"M1'TT=NA6T5IKQ;W5G2F;.V*A&_QEDM2SURZ^*9\>2SD/ MO5)F6.XJJNP0#&*($BN[7JGD%@=RUWCOH]DBZ2/4WR0P/"@A`A_SEKN3.L- ML0OGT07^%@%4$.'6Q?./4+.9I-OMO#@EUYG:)W6'@"/O:F&VE0L\"YC[D24` M7'"9:S.34N':"$%4D8EZ)M4#JQBV*,7\\*L&">>>::M@=2`#.YP4;0O+GQ4+ M`%NY7S""7$;`*ET01BY`G!E_UY$1B./P53C-M^3P+3DH;B/=>!SR;-JRW+!G!Y\,<5D/M5C*%I!QD!:;\)#C"' M+W$>S&8;H?W*`>[;A/R&G@6,\`-A>'+%4FPDEU#RTT2_H;+#._D;'V*E*$P4 M(Y$HXN,_8DUW8BX8S'/%\@O.Q/(%"!Y.\\.-NKP(T[Q/K6E++CM@XZO+FRF7 M!.#0-9D'3*Y219->7+N2=,#%>JK@*1:%D4(Z*,R4V-0%3;ER`HELJ:`4B[*6 M0F0A9RKBHMC-H,4ILXQBH+:$5)-3,+')6[@X;>.RO;-1>=)(6541'ZX%Q.$/ M5^5>%>%*H4-G,UP?<7'YSX#YMTD;X6JH8CRY4@;S=DQN2:<$#-4.R=)?UAZJ M"7%T&$]K@+\E$LRB:-Z9.!`CIN,\7/=+KW7<4O!O)]Y6%8<-XJ,#<41I>CAM M%QXA:B1EB8:'QB6!=&?+!>1HM!Q#L>7*D(;"G:8D'XF'/Z(=&M?+7[$ILVH0 MDX/"6_)6Y0GKFL\#%?ZUD/K/$FWU\I!9ON;#1TC^3WW^:">&K5F#:UL\W#09 M=YZESS]D]GK$6J&[Q@W$]![WS#"QT-GLWMDV'#+2,]*=*#:`X51QT;&$>#<< M`7]);XGG@-TE+H5NQU:ZK-O(4($8H=@M%R[NV7E7-@!3KSH$D@-.,\/Y0R!^ M.T72D&>@C";(H[@%ML"B[XXF*['X#,@RO(O.`AL*S)FH%[L=29&M>+,RW'&+ M#H+8>!R#`,10O%-K`M5Y:%5R$!RYL$9X8[K?),"1>I;A5I"BO> M>$:D[FD3\)=B M&985_5TZN-?,\A?8M//L)'6^S/)W=\"/HF+.=U=)4V1QT=R*FH<2]>&S M,Q)"`_FMO@Y@]%97C_@WW6/?.BRRVST@,KH[DG#,Y")=P)KB7%#I"<,I;(.7#;I* M$^S]1+3&:-QO=/7.5P;AD8S_0\!LO!9.<)9X3E=9@JC1'H/&L*LWAGKO400_ MDOEN<)9C$]\+S"\\M^PYLK<6'FX2U$(NZT_E:['2A64 M\YWE_F/Z[7,@G=$0B&?TXM'5]AK=3N?%U^'@T8RO@1MA]3M?*>-\!XET/-8; M`WWXY$BZXFD0[6"0M,4<+F]-KNQR7)GELNQ2V]1<4"NP:?R^`O$HS6.OKCWT MR93W\58M+N#F/?$C,,G?0_^_]JYM-VT@B/X*JLB;20$'B*.^-%(?4JEJI:0? M8.I-8T$@6D,(?]^=R]IK>]H^A"D2+9W9G?V-G/.3,Y-,@6P\VL<:6=) M%O0M0_>+G]6QP<4:[P8.JA'SD+)T>HRGEKI)S1R# M0[LTE:?-\,(06U>@5:#BJ1.GN3,(,< MJ*=T@,GK8'3I4>=8,5@)P$$\/B6AQ3CVKJ+C/ MZZ7)>W@4%)M,UB_`H$W]]X;U\9B4P"CP:IR0E;,0<<2Q"T:A(*H)G@@N<(\$ ML/*S_F#)9/!;I?TN970NJK:KTU@(]SIIM;JCE:MRX1$$WMH^2-4+(0+46TBH M<"K'M*-/W%HEM(,.;XEOU3S)A/F..1/4/P M#R&RV3K&K?"WA/3&DBL`EK8_8I*H!8!@<9&&*X(%PP:3XM#@8,,41H.$!GE7 M<,67Z-C21U3`?;%62).1JPS[I7EK8)Q5FB+3<"$V#&$#?L1\>TG=*$()LN97 MP"15'67H^GTO\`-LLSL,O"OUEY(I#*!GBMNHQ'MZ1A02Q/C\G,?8J?Y&R71P M$46H#C!2?+&KOCT:^B1FX/E!L:D&CNFU7KS5L!58J[^NYR;RJD#U]ZRY+:`C MX4"1H*VLPC>E!]V4-DLYHTG`FG'LUKHC)2)+`P'[(.Y'.%+(&6)HD3;+[M#S M![YZ436'-H"/PVC8)-3#K]1DC)!A`78#H$$:@REQ>HVT^Y)E#XG-X;SWZRD$ MD)*0-QUP`?2F4H2S#YUB)HZ]7]T5H=/(YM;`M7"'C"H) MTHL*2K%Y$GCQ4#];@Z?'4#YZ8R;$BX-D:FT0][&I(!1-HG8P<+)<&JEW(*L' M4OE0!*.#!'49HH\LPM2^\S2-R3TA"ZZ].MD.T7C1Q][X M>CP8GW\/[%]<D!8' M%&T=Y8N>'5>/)B9'/0T^?7R;RGE\`[_JWS]02P,$%`````@`NXFO0.V[U_GU M"```'&4``!<`'`!DR3Q+' MLD]U>`L``00E#@``!#D!``#575MOX[82?B_0_\#CHFC[H/B2W6WC;D[AVDEA M(-TUXJ38AP`%(]$QS\JBEZ02Y]^?H6ZV9$NB'#MD\A#'TLQH9KZ9X8@4E8]_ MK!8^>B1<4!:-AG`3EO!:SUQW^_ M_P[!S\?_.`ZZI,3W^FC$7&<D#[ZBP2$8\GX[^@?[(?J"+ND/N%H MR!9+GT@")^(+]]'I2<]%CJ,A]A\2>(S?7H\SL7,IE_UV^^GIZ21@C_B)\:_B MQ&5ZXJ8LY"[)9'WJWXVF8W1-L"^?%;&XNT8_]D9H>C$$$3ZX1=P-0\Y)(.^F MDBQ1+SI]N_2P).C+Y;6B(N+.$[33[7[K=GMP&GO_.UG-P!$C(.JC7J?;:W?> MM[OO;[H?^IU>O_M.4UF)92@R93NK3O(3LW\$];[VU:][+`@"9`/17PEZWMIP MT=/I">,/[5ZGTVU_^?MJZL[)`CLT4`B[I)5R*2F[^+IG9V?MZ&Q*ND6YNN=^ M>HW3=JI.)AG.T@KZ#4T$[8M(O2OF8AD%:.UE4"F%^N:D9(XZY'1[SFGW9"6\ M5NK\R(.<^>2:S)#ZA$#+K@J1$0?&&#)D02[#P/LR;BNJ-B`5+B`F!H%W$4BJ M2&:,+R*MP9)([)R3V7DK#@Q'Q4#G-+[Z#SK<\GD)N2>H2IT6:K]4X2$+!/.I MBEKO3^PKCT_GA$A1KVTMZQ%551E`E*O$YUE,V4S?R63AEC,+WWVU#!T*D4<6/5X+/+K%2P0'EB-"6=+PN5SO1Y% MR@,K\HG(^."$\"NZH`!'&DESNKP-=$)27\:!E1_X?C(>0/QS-J-20.&\8D(0 MC1#4X3ZPPM?$QXEWGF\X#@1VU?4UE*WC/+"BT_!>D&\AY.3%HTK,>@7+.*H4 M<['OAGX$P15\SW&0E83^CGBI'*76H<9?.*R$0;O410Y*.3;_A!X7Q>PHQW]\ M_>O'U$SY'FBY,5);PH9D8_WP8X]%1J_I*V.*D5D`4YS:.L8#P/>:*X MQ"L6L`4E(NZI0M$.A?.`\5*U5F=MXLOLB.JLSIQ.-^FL?D@._SN`!%N;X^-[ MXD<7_1>\`F&5GFX;5E.-1!!$ZD.-J8_85V$]D$/,^3-T_U'K76J%)G?1R(V( M&G`7,>X1#C=CG4YZ($TB&J"2`'4N5+C!FE6)7S:0'6<\,9#KVVHG4P'5Y M2+Q+0M0H_%G.";\F,)*$,'2Y!(+OWB_/-CUF/>1.S2#7Q'X[$9QPLL34&WB/ M$(%40(&HR+!M4CUTWIG*JS+;[,0BBI^:@39'H^?]]V:\O\,:.]U^1?$]]:FD MI-SM.1K3"H_H(_6@3Q43_*PJ3#*A"17H$PO<^$NI)7K,QEN<':#DPZN)$^R, MNV3PV+"T$9"Z[,9;GUHHFSG"6C!9"(WV/BFIQ6N\#]*!4=<%=F(X(C,":GI) M"U=>0HMTQKN@^FJYVS0[<=BN!PV*H`5=T1X%SVY`HE9.!XYM0CTP/A@$H\PX M.Z%(Y^B'>$GE>J5C^V:M2&=:\61IIJ!7,F:4FE'#9;Q-+8$C'V%:IML9;H65 M(4W4:KB,=Z1:J&F9;B=J4\G]G2\CAP_5`]%31A//*SE)S>AU(U:C=, M-6@LD.!!T.=A'$C"B2B']U#BC6?O8?U4F'PJB3$K`^9O&C`>F5\#_3:A\60^ M)HAE?K$3Q8TF!NZZ=#N%&B[C2:IE5;%T[]G-F9P;T37NP/%>Z9>/[:);KN#[ MJRZG5SSRE:VIGU:MJ:\%(#9#L0B;5M:36_+RFZHU@>D"]*H!J;;23F32J@HU/%V7B`O-YZ5Z MB+YJ556'U?C<;S5B^M;;B5ZFYI")Z''"B]62!*)JGJNSMTVT/++T(ZH\DEZ]3C>$I=18.[%)9N7`K(&WH`$54FG_ M2!+MZZ8DR_F,5^N&N&DZPDX4HVY!V;DVLW[,K68ROIK7-.\T7&`Q>/OFH1ZS M\<7`?UHHTN56OQ>THSGHGZ M(%?/U3?RGJVINZ\S=J>\E4F=E56-46,GK6D#UN%2]%S];:WJGO]:42OP) MQ3+1SXG47W+K3Z^\/[5ZXWYFYWM].Y44%(FQ:5T-8E4I-N%,34E[?S[?"N*- M@RS6!R[<4L5/FS=I)%\JUG15BS?-5XZRFR3&QYS#P+BUX;+@`SM'H*/-Y1_W M9O/@>+V="7\HO9Q@048D_@3#U83.VOKJW7VZ[,:GF(^!F-:`69Q@XBF=S37)BP)YDL: MX,!]43#O%&':W!0N-6D6/9T_4LORJAY5W9S7<-D:Q!4@[@[B2J]8&L!KW;-W MB6CO@]+BM74N9@]T:SUD*<:[WX8W(9PRK]ANEH+=3(CQG-['YJVVZQ"MG)U; MKH[FGJJ1_P6N..(LWM%<455A;%P3++XW.EL%^Z#>+TN%ZS,1<@)?,LKC+]IM MO40ZT^K7HE9KTN.KU>#%T9G"OQ45!B'I5CP0@Q(Y:$,0BB4=WQZM-TIGEIP5 M+5FS1TN^L8#H5<2IB..;4/N>Z53];J>H?L(:>?X9Y9F/KWCI^ZB:%0_U2_R`"COP?4$L#!!0````(`+N)KT`U@CB7Z04``'4J```7`!P` M9'-I,#$Q+3(P,3(P,S,Q7V1E9BYX;6Q55`D``Q+'LD\2Q[)/=7@+``$$)0X` M``0Y`0``W5IM;]LV$/X^8/^!4S&L_2!+LIMN<>L5GIT,!M(LB).B'P($M$3' M7&G1(:G&^?<[ZLVVK#>W"+]X>-RSM`W(B3E?L]P6K:! MB.]RC_H//>-V;/;'@]'(0%)AW\.,^Z1G^-SX^.?//R'X^_"+::)S2IC714/N MFB-_RM^C2SPG7?0W\8G`BHOWZ#-F@;[#SRDC`@WX?,&((O`@&KB+.JVVBTRS MAMG/Q/>XN+T>I69G2BVZEO7T]-3R^3?\Q,57V7)Y/7-C'@B7I+8NNW?#\0A= M$\S4LQ:6=]?HU_80C<\&8()!6.3=(!""^.INK,@"M44`C$$H2YJVT[;LD\LY^3&>=>UVUWG;4VP"JM`IF#M MI1W_1>H?`-[7KOZ88$D0,.O+[E+2GK$6HJ=.BXL'JVW;CO7ET\78G9$Y-JFO M&7:)D6AI*WEZSNGIJ14^342W))<3P9(Q.E8")[4,3SV5*JP+GUC1PW516F)Z M#;2D71EZUE)Z1\!0&6W!&KLD4Z?^0 MD^FHD$11#HU@,LW)>>![7T:6EK*`U&`.Z=/WO3-?42TRY6(>H@9/0K,S0:8] M(\HA4Z>+W8E&?U5'6STO8)I*JF>9@:P?!3S@ON2,Z@3W_L),1WP\(T3):K25 MJGN$JB<+T:&2_TPCR=WP%NN_$.@K+!244'GV&`#/0S*E+E7?[T.IN1=R:8#E M[)SQIQU3I]1$P]"C98M5`\P(-@SC2O`%$>JY&D=6LF$@ET1%-Z^(N*!S"G0D MF32CBUN_3DK6M]$P^#YC\7H`^2_XE"H)A?."2TEJI&`=[88!7Q.&X^@\WPCL M2^SJ\6N`K=)L&.@XF$CR&,"$H<+^%ENB\:$Z2*0Z8^NZD3-0W M,<-M"JL#2%S`UPW<9*G@39!X"7)ML*GV&VYK8_!BY2`3)1KKE_`VC")UM*&_ M=_C5'76*O0V`T\X)KM=54:R+(F7T^M;'@:<7YCV_KN)19_0Y%-]#JV^F;#Y=CAQ&5H8S;\#-L:+G(GO<)+[O,Y M)3*:^X&T`FD^8+S0)>#4(DRE=W0A.#5M)WXU?A7?OD\Q0X3)""[3[&1X0E@( MX![B"3U"GJAU+/!O\&15&HNAQV)9V*M$ZXO$@;CRU5Q>HG+;=;FO(#7/6#@: ME&SRH"\28%/!YU4ACX=@K)(Q+XO4,)8()O`MGUXKC*(AW$36L!1@72C MW&QWQ!7$E`:=UX#_/^?GWLGQHRF*DO[P!TOB#W(8NEA$8^<(:(PWI9(V88`7 M5&'6=UT>K**S16>IUGWCK&Z^V^4S5CZ%^$[H"Q>VP_.5V0VKR5>IUAZF8<.$ M5<,O9.P(*+ODOJX^$!FP_S"".B2(5)\V@K/%6)G2?5[]/RK"*M$7KFQ'P%Q[:(ZYSZ0F`WCTOGB7K4D=.P#;6PDEP^/#GE]HAE4K0 M2;!Q3E`U+_)TCYRJNAX4-G:')W"LN/MUQIF7[B9!\K%`_TSGBHLPR"KR1K\] MWO#\BEWR3MR$^2-/@P:=+,J4MVN;C5;.;N.A-B*W#\W3S<>3^IN/V@H*S;SP M_FKVJ#T%_T[OR5.IMZ4"0>!+*KEW3%O'[BFHW[.@5J)[1[7#27N*]X\L7C"2 M[*.#&13;06N&4&1I[^[4.H%/'3G-.K)2#_?.(P/AV4UB8N\>5![+)^@=.XL^ M5@WC_HPVE?>.N_"T/L7K9/&N5%"BHV'&A5!_Z)_3P9W_`%!+`P04````"`"[ MB:]`J`>J!E85```$&`$`%P`<`&1S:3`Q,2TR,#$R,#,S,5]L86(N>&UL550) M``,2Q[)/$L>R3W5X"P`!!"4.```$.0$``.U=;7/CN)'^GJK[#SA?);NI&HUL M3W)UX]W)%BU+N[S(DB+)WDWMI*9H$;:9H0@M27GL_/H#P!>1($""L@3V7&4_ M[,A2-_@T^`!H-!K`]S\\KWWTA,/((\&'D[.WIR<(!ROB>L'#AY.;1<]:#&S[ M!$6Q$[B.3P+\X20@)S_\Y3]^A^A_W_]GKX=&'O;="W1%5CT[N"??H8FSQA?H M1QS@T(E)^!VZ=?PM^X:,/!^':$#6&Q_'F/Z0//@"O7M[OD*]GD:QMSAP27@S MM_-B'^-X<]'O?_GRY6U`GIPO)/P(69!NN<%[6Y.+CU<)&<^SX\0L3 MCC[.T>_/K]!B.*!%^+1:HH^#;1CB(/ZXB/$&G?.?;S:N$V/TRVC.I'#TT8V\ MT[.SW\[.SNG/COO/M\_WM"*NJ-`%.C\].^^?_KE_]N?EV7]?G)Y?G/U)$VSL MQ-LH!WOZ?)K^EZA_3^%]OF#_NW,BC.B;#:*+Y\C[<%*HHB_OWI+PH7]^>GK6 M_^5ZO%@]XK73\P+VAE?X)--BIC7R!221=Q%Q>&.R([O$3?S(G[94-)''N/L2?K=8XCOY6#\,.PS_7Z`'^C+=MF#_J='GY4\Z+_2 MKT\0$Z(LSDOA)6RC_C;J/3C.)BG$=^ZPW\]U^J9A+DGL^/M@316-`Y[AT",N M;2=AO`_LDGI'X(?!7NPH*)>!>E MDU6I7)\U51)*ZR1VGDE`UAZ.WHKVT(>\[V,_SK]A5?2^=WJ655'Z]:=D5/%G M]`W1#]'`V7B4:=9J1;9!G#V5F_SA1%.G+YK$M*TPL\L)5PV5DTKT5X3V6YNX MQPO(L-R'9*T-):U)HJGPR;_+GY-4/X6B,*@D%N*(CWNMWG[1JC8UG*)<^U2+ M>14XZ-TL3OZ2ZJ!,Z?O^KN2.2<;&6;RF0_SPMZT7OS!_A7H^01Q9SUZDJ((& M'9,DTX)?)%FM`AB2Z:`429;KO$&)%MJIH5^9XC\`\6[LK3W6E;?IW!IT3/). M"WZ1=[4*8'BG@U+D7:H#L7.;T!=)@IB:S68S=A!C6F'Q-5[?X5!1`_4J)BFF M`[[(L#IY,`33`"GRBZKT"CHH4WHMSY)I:X_-4$_?I<2A$V+ZW2BIQ9KBA@ELDB"`%BBQR9@BZI M,.+2B(H#(4S6`2[IDR26EG\V10\9J(P5Q=]`D$$"2#G*,!E@+SZ/I;%X?8UY M@IQI*DAABIPH"8$BAPR9DB6),'5'7+Z(`H0P%L7F,GPCWWF0F"K\;HH@4E@9 M,4H_@B"$#)%(A%P&,2$@KS]="!QYTPHFQT[B&GV/C-5E.FB1/D'4#R[)?XVB)WPA6=BB&L9-7)F>:6` M6>:3(`2(1W)D=?S)-7CZ"##2I+WH'&](&'O!0Y*&HIX#*L0-3Z1K00OS::DL M($+5`E3RZIL(Y1II[A!*2X)%,,[Y`1V3'TBHCLP(4F;I)(589E%)!!!Y9+@4 M$9DT/R^5!<61V?;.]U8CGSCB*H-"QBP_)/#*["@(`.)&%96"&8D@XI*@>#$@ MZS4)%C%9?5X\.K2&IMN89ZO23D_=G]8J&1ZH-`P0AJL:#:/G] MR`N<8.71ED$BKR9)HYUJ)WF,&L9(TQEK]#HGX!Y@E@^ M.3[/Z8T'3AB^4!^/;W92F*RI:Y(^KJ5S%)0!WP1=[5R8.AFP9(D669"J(B M@+AEK5;A%KLCC"-JQS1^Q.$JM&QLH4QI1%40P\, M]UJ`%3EX$ZR([^,5VPHPIVREWEFJ"HB1LQ!O',^UW"?:7+RH&C>K$S3;LZF` MEOLS40H,DY30JGT7%T0%24"$X4T@\385AI8D3%)$`JW(C<+/8$A1Q22R@4N@ M1`00#6H9T,7+5[_W#EYYS';`R^+B4DSB*U].E]88T+L>>\Z=YWNQQ\=`'H]_ M)+Z+PRC95MDPG]=7-[M?L9U1Y:V+>KI@NIF6@"L;&FWKTA[;2WNX0-;D"LVL M^7(RG"^^0<._W=C+OP/EJCXM.V>@)MD@\TJ;0I#B3U?>D^?BP(UFS@MSY=,, M&=I(V+[,Y`^%[7JJ)@G5QI@BPW3TP%"N!=C*(@[;G^;=;7E\W-UB%!.(>[33 M*6>A;;5@I:YR!X$"38,DH8(&33#<;`6WDKE'ZS&(O2>,KIW`>4C6=D88HZPX M4RE9FAQE!R#LT6UJ:1IFIZXI`C6;U"#Q4A.K,H[Z%7#R"M]C:HN;!ME4XX_BS(`2)),S\ZHT8#*[HB M1&-K1##A!25$BS1 ML[=3WFCP!59'(P7:"TC(#_A*CH!36%L5,\D5%<@B6409 M,+V*`ICD3#[9D7S("_AY\F@8L7Q=]+_$HS/H6SJ-WH:09D?5)2$Z@?.W;)O- MC.TA)8$5)[%3%D!8$OFIA8HJ/%3A9M//#UDAY03U0Y0,JS<]J$WR3AA M4]4;LAMTNEO_UAC.:Q7`=-/Y]:LF@HQ96DC@E3E1$`!$B"JJRAX^[-_W(OING0>,PB1%W(.V<)+FO#M^ M,H6IYXE*V'A87`FX$ARO2(*A4"V\RF)*L/)\GQTBQ59L'7[L3PANNT'FZE/? M+$OD24;0:09:.2HW*YIU>'0-*?L^35I@R*<-M>H1I:$/)W`1XYW,*20@*JF%>U$`'$A M'PHS/JL>0=GF6N_8"?D$*R_%- M35%8W*C5P:V5329([JU4J8!AEAY.U=V5S+]U2GJ`B,?GCFRXW8VV35.L>A7C M,_@&\)5YO$(>#-DT0*J8MLD3$+Q\D\!ZEY!]C\$Q;[]^3T_5.!/WZ`%U]&`Q M<[^^,-\?`)>.61L3YQY-WD95OA.?305;ZKN)PK#"!4TPH<("!3A.(^3(*61)L=W) M=&!&@7#;KW>@VWX/GK#"S!]1RM`*H)W\EF)-.WQ:(;6Y%O6*YM-8=`RI9K34 M:<$:A[7QJKMA9"V7<_OR9FE=CH=H.47+GX;YL2`_V;.OBISEW,29$^HF7>U? M*"Q2ZU1`.\+7E0BF*S^(&?NW$62-Q].!M1Q>T1\A+7&4!C3+YX_#[I*D4\0L MJ5+'GZO3[LPW;C9)Z36K5<&PNAW>II#35T#+L;?VZ(<]:5G1AD!+A4DZM!14 MP=-2CK?B*2=2$&F91S4:8P-2R4Z"2O5Q`HF841H]X?".1%@KE-08.H`61/H9 M>P^/E,H6M=)YP`+]'[W-3>#%-?=8O:(YR-ZL'.0D M!2%?Z`AI46C+RD+$^,U8AYE]S7!8J`=Y3>WMP.L5#FLVUJ9"VLW*=$H&TX0. M:LXK9FFSX1R-[6N;S=.*W]],["6@AI;O0%K67"(@"G5RH=-2=3%`60(,$:6P MU-%01H=70A8DB+EO+F2-6 M^QYG>9QW<-4HK;,PKIL4J$"*E7]IC:W)8/@&7>('+P@:'"8X*[9F*UUC%B:' M5QEK<9P>!XC2>3^L+%[QW*#DL,SB8<&J_E)+L\O3G&I,J3O92:(&IHO5QUIW M_'-M`.FH(QSP8T6ZZ-@5=T@?R;+*:.#0/U?X#1I"FSL7;@=EM^:-?/*E:<]2 MO4I'][E>OMQ$V+6# M/-IJK6+O*3G87+9:6L_-0Q5N>('F@!4BN'8'*!E,RSBH.94[0ZW%3V@TGOZ\ M0*/Y]!I-9\.YM;0G/R)KL+1OP=TJ0FOAWHMK5H**`H:O!Q6`"9>!IK^"H54% MDFQR49,\5X@&`N*'Y?YS&\5L4(B69([9B_-\7)I-+8EF[M)0])Z2M"P'36/9%7A/X$L@&UGEK#&JJ<,ALQM$5=\[T?Z%X[80<8.E^?[GOW=,9N0 M^F>)L6QOHV"Q?DU)E3LF:XU!#4R5:$*FJ1JN_)(0!]H=R0J;A-NXVE5(11D` M&Q4&:;!1T(3.1CE<]45^Y4W1:).HL?$_2[,&>/VDVG:]^[-:Z,/@KL9M6]K* M7P&#]>[F4FSLCS(2@R;L@$Y`J=<=7N$-B;P6`WY5L5N*J@RIYZ:H!9B4"J@5 M)S050VXJ5SAU:(1OMI63*8P>2@YC2M.-J3V^$"\HJC\Y(&]ZW5;ULOQ+1: MW"VK`5P;\]#0,YN_IFE&.7NM0>DXE!7?U8ZP_0`_L,V-^]:YYGJ5^6*C+S`"59'IC[6> MBQO'<[^69`K](>+58PQ4)^%UCL!7X1RK<39*DSGF%EK!2[[A^W!>7)\ MUH)G?/^.&-97U%F[(HS>L;.'<:5[=UKHP^+Q'L@51RG,A]9B2#\@[J]:DZOD MP_!O-_:M-1Y.EHN.MMS)3;1H^PW#%]K>;AU??CN@EB+,G=#MH$MG'+(WB*PE MNAS^:$\F;/HQ';&S,>SIU?_/%_L.WD[(=L!;O=8A_5[KA9K>`[G=;'R>?N#X MV98[.[@GX9I/GINV0^IJ&]T9VSV7AX32EJC=&5 MO1B,IXN;^9#Q-`^*T!%G-)U?6TM[.@%$VVP>,Z-3%&4R1%&DB[M+B^!DMY2R MW\%020*JTL'QM6\V*:0,@WA.>M8$V"X"^G$72@]*(_IHRP;#\0(94?/1IZI<7UK'I@`\]E)R'A]*$VXD34UL55:<2 M-GK_9BW@TDV<4DDP/*R%5Q^5<[.U1',C[_3L MC'+G[/ST7"3ZW-8-325NJ<96V1 M5KHSIL@BO[DJVND"ZK^FX8,3>/_BON[N6ACF^`;NC%8F\XO9G]-[21WL.OF0 MLF%6Z3>;=D48/J:CM7'"01[:^F"HO`=HU:850#Q=K!ZQN_5QON+.#_YNHF:C MEM%XE9X)I3A5O0H8SNGAK-G7/\,ARNZF*)PU@U@Y(%F8;TXL.>W7CHN7Y)IM M]:(3S&N\OJ-V3$/ARIC+EZ*2/H>/\LQN6L`1JT_>?H[P0("M[WA65I*H\Q-H MV7E\R?%2R6XR=M@'J"7W.?:=]$#[EV7H!!%+#*#5HN_AM"K!9(/:P[1B\VBA M#H;L[3&+U$U+X./,"RJ6`8BTNS:]V-Y%^+ M=RO5P)!2'VME;2Z71XF"X20`%WN?^.VZ+P.R7I.`'Q*\>'1H#2DN%=+3,)S/ M(7LY+8&*;R9118DNXLIO4**.IGIW!!VQ4:FW<:5[G[JO?P6@BB?1>-S,$:NQ MX;R*XOD.<"I4AJIZT9_6;OZC)F"WO@W#;*I0?6JU'%DE4I*OQ:22_SX/7WZR M'YQ7>V"#JN>4[XK_!B4/>(/R1Z#T&<@23C(L/P;9&ED71YU84&=D*^\4L]\` M]8@52%6?/Q'HJ#KS\R@&)(HC%I1]WN`@DM>O4AA0A3=CK)PMEY^?P55XJ"!3 MZNBM--^,)\_J:M("])Y:@)4>&\M3ITZG95>F'=W<0%Z[0B."_U0(;(%E%XPN:L<%C1MS?);J@_HAT]=N6_ MD3?DSN8)1SFK!,Z+U\=:G5V\Y.>_I[IHIXPZG3D;.\P#SHO<`W3+UIH756BM M'3?+`^W?A_,6]7`JFR*_?8KKH:(BK%9X^%W#<-[?'J!;ML*\J.Y;H=$=M7#> M\5ZPI=M8V#23?RB4\P8E):&L*/1M5IC,;RY^-::?Z-?95_1_=U2+?O-_4$L# M!!0````(`+N)KT`.K(K@^PX```C3```7`!P`9'-I,#$Q+3(P,3(P,S,Q7W!R M92YX;6Q55`D``Q+'LD\2Q[)/=7@+``$$)0X```0Y`0``[5UM;]LX$OY^P/T' M71:'V_W@.$[:[B;;WL+-R\'8-#'BM+L'%"@8B4ZTE467E)SX?OT-]199%D52 ML4(Z:#^TJ<.A9YYGAJ]#\NUO#[/`66#*?!*^VQGL[NTX.'2)YX>W[W8^3GK# MR?%HM..P"(4>"DB(W^V$9.>W?__];P[\>?N/7L\Y\W'@'3DGQ.V-PBGYU;E` M,WSD_`>'F**(T%^=3RB(^2?DS`\P=8[);![@",,OTB\^<@YV]UVGUU.H]A,. M/4(_7HV*:N^B:'[4[]_?W^^&9('N"?W*=EVB5MV$Q-3%15T71Y]/)B/G"J,@ M6O+"[/.5\\_]$V=R>@Q5!``+^WP<4XK#Z/,DPG-G/_GUQ[F'(NS\>7;%2V'V MV6/^WF#P;3#8AU\C[Z_=ARD`<0*%CIS]O<%^?^]U?_#Z>O#F:&__:/!*4=D( M13$KE-U[V,O^I.)O0;VO1_RO&\2P`\R&[.B!^>]V2A#='^P2>MO?W]L;]/_\ M<#YQ[_`,]?R0,^SBG5R*UU(G-S@\/.PGO\V+KI5\N*%!_AT'_5R=HF;XK=]0 MOJ0)\X]8HMXY<5&4.*CT:QQA"?Z_7EZLQS_J#?9[!X/=!^;MY.`G"%(2X"L\ M=?B_X&C%MX)GI(XQ@@B9X;,X]/X<]7FI/C`5S\`GAJ%W&D8^+S(E=)9H#98D MU=Y1/'VWDSI&C_O`WD'Z[3^H2$?+.<0>\WGH[#C]IRI\3$)&`I][K?<>!1SQ MR1W&$9-K*Q7M4%4>`9A#Q2ZG:4D]?<7RSZ3T&-$(VD5V^BT&GD_PU'?]J+T- MC=4]DTG'B-V=!>1>TW4:J]BPZFE?%,@5K!3&E1\&0=8?@/]3,O4C!@WG.6$,*[B@BO2& M%;["`-C+*^)Z;:H#AH]Y93!>&C@])Y!` M*SHG#D6H0C\_&<%G7YIT'=ZPB`++>64!NL%!\A5?4FDUX7X;E3.4(_1`0C+S M,4M'4#'KQZQWB]"<#Z0.^R$)T_]YV.?CJ,/>WB`;1_T`'WU)U;K"MS[7)HSX MV%5H3GWAJOIEEQE2UR'4PQ28S*M%U%UQE/717U:B/T=\Z-YS[_R@\+$I)3-] MB#,XB=R:,O"@APWL'(-YT,^-(-0>?L=+"3UKI17Y&5A*D,!Z2QC*K;N&;Y(V M`VDA13[VK>.CSE;+:(#AC4_`+H]/WJ5\5$HK$G-@+3&UUEO"T!`4]+B29P&Z M%3)3*:7(R"OK&*FUUA(FLA6Q,Y^Y*/@O1E06+F(!17Y>6\>/#`-+J$JM^@,' MP>\AN0\G&#$28F_$6(RI9!P@E%(D[8UUI"FA815SGT@0`[)TF:RE,PEC:Z45 MF?K94J8$UEO%4-807.$YH9$?WJ:K]K(AMD!(D:]?+.6K&0NK:$L\ZA@:[%M" M91.B2EE%D@XM):G6^>!02)%T9J2BI/4RTEIL9LJV@Y)K,9"2<1 M<;].[@`/=AE'R4XQ1+JLO6L4527.V@4&!6!*3()Y4PP-I7>>@B6T(34@GY(E MI>V8)*>CWG2R>`:?B;N[!@E5UNU=QA#"8$G8KNK))RDZ9)7*JU)E[\*&`((: MHM[VUTP\AP^ZW].0;[07&QK[3L\I-E3AY[*HD\DZJ;#SX\<0Q1[?K_NIU*JM4M>8^4_.GP@=/-8!6@__#DR86*.#[EL/H&%&ZA.XYR:T2KUNI21O> M'Q&00%I88AU_>6;$&-JTI/D'Y>?<52^P.+J:A0SOGJBPI6*U120-79?&V#O# MF"=77$9WF%[A!0YC?(5=#,YV$XAC3$W8\,Z*"FDZ*%A$WICB.?*]H;<`C_-9 MTURNKJCA#1:U:!)9:!$-B;^DU@CQ7REC>.=$!?@:FRQ"7`*V)LY=;78HM3PB MB/56&B(2H>`95AE4R#GWT8T?P`@T:4R3I94[$GA%[JMTA*U>@>$]DO:#;UV, M+(J]LNHZ3.J2UM5&B3;T0N+LY>C$7_@>#CTV1DL^=LDV=\#>"Q*ZZ7_$2TE* MPH9W4IIX(/K66,=@-B(MF:G%H:JXZ7T791KU\+"+2!+#?+U-)"K)FMZ!T:%0 M%0F+^#O)AF'9?%#<:E;+F=XC46\AZRVTB(/UX-=H^,QO@3RAD;.0C&1FJ$+% M>D%5(KI:<5`F0F2C132H,-`*_*Y6'93!;\9]>^?%^9F[8S3W02OIY$E87I7) MKM8UGC:#DL!@48AE1TRK"J?#&"%M$BE5\KI:LY#!3S1LL8ZQRNE61<8D4JJ, M=;5@H<68$@(6,5915+4Q5&>EJP4(+58$5KZ(;NV#'Q*:Y/5$&#@0A]EZ0>7M M7!LX%-EI43"M=\6CT`UBGLLXYEG=@&H44?\FCO@$_)KPB3<)(\`+]+F5$KBI MZE5I[VK%0HOVS6+Z(B)^=?RGVH)+I%2=XCF62YZV+2"$Q-:,Q8:K=HJTQ8.F MM,7'"APR==(J;$I>3#4JM)3.O(3E34=>MD0GWWA;+V@V35'"P&HPB:RTJ*>] MPA'R`]F:<*64X5Q#(:RD06?KD,^2LU!PRK@WR2@0%3><2:C&1;.M%I&2#W.@ M[\OW6].(OYSSFR6;$M-41`UG$*J1I8Z!1<3EIDD[$N/9@JJMUZH]+V*\?4Q8 M4(@H6\9:,-KF1CS;*AV_-0H:3!#5C2\%^V^AJ&VMJPJ:S`UOPMX5AE_M8 MU5IY)[8N83H9L&5O)C+]10S?B^N7^=7%0E(KI4QG#VJ-U&LMM"C$JEMWHW!% MX\MI>34[N:6@*:NJ96VFLQ"U&'T28A8Q_ZCR&<`!2D-K$T.#D[4\I0NZ!9L` MS:*F$QJU.%7'XD4TNW)S5S=NQPG>BGM#[:LUG8:Y89=1P="B]F"E%&,#> M-:DDNJGUTDWRIG,T-\2RY;1I7Y,WG=WYG+0+P+.(]F)^H3#^ MKBUK.O6S"SH;0&G=[R\PO2$,6]+S_X']VSOPS"&HA6YQ_9,W2C<@MJC)=%ZJ M5O_>&BF+@EP>(V-,2R8TOX#48KRG5KWI7-<-C_MT,-V&O+?FY]F*-+A7ZFEP M>8W_-UUE5B\E"=LV[NXA;+8*J MJ4^V311%0U/R`SYXEP306F[B&ERNUT8'&X35HLX%+)KZ4>-XKES$\%!\PS14'^^H M(&$134/OKYA%27-Z3:XP]$BN'^"5,>LU481&_LI1)U]F>![0I>MTR8Y%3MC= M2D[[0@*?]CE"YVU_7$=;$#1_* M-^X(`CRWPA%4K^K7J,'PR7\;W,'^AP'6=3\&U``?"@-C_BJ6CBNLBQJ^2\"D M#XAPM(C\ITVM.UIK-'^#093]2AW$#K8?Z2B"X]1Q_*E]PW90_&=M4W:5=O^BJ+C?5-+8&UL&_B M2"1)2N7L)&F_))`R?>_$AMFJ[9,:`7L9_=&CJ<7#MLH/L"C)FKZXXGG\1`J> M1A#>I68 MOCFC2R]J`^<+]J,A($WI$@#\A(*&IQ@4I4U?H/'\GB,`\`4=&GD&Q_FR;_Z. M#>.NPT'8B/.L)Z4;R\^.Y_,@F1BB()\8CL(IH;.45FFJMJJ\Z5?I]"?`FM!8 M-*3-1]MCY'M"YE8+F7X?3A?LVK=ARO9:1$=N#T]0@Q\?5^1"KZ;M@LFU&Q`6 M4RQ_B.3)%:O2WOFQ,N6HW!28%OE',5O.TE$N4`0*B]-_!<55N>QJB7%CS!`5 M:X4L&CO>E=W)4*A6'.)ZX_2<1W/A/WG)-G[G,1]0`5<:[.\=9(Z4(O7E@D28 M79,,;!0\G@^3+W,KB)H.DTMZBT+_?PEIC^?@N'.'WKA$Z.6TQHQ'_*^!W_>@ MZU`VQ2T,)F`(7FT7(_:GZM16Q3]'K::Q]\2V,8! M"I.W7V!Z->')W:EJ!@T+/R:KX'D_MX@F8`M7\!5ZYXN0#\O`U^8!" M=`N3GO2F*'9)*[>VO5^6A72BL9-OW?98[I`*FUJ"*QR@K&M=7E,4,H!F)>,X M;P4&>]56(!-->M.ELR+\/?[UWG6NYT!G2*M5QW;&9@N8;(JT27S#\+<8ZCU= M<&/7(VQ0C;!'$2>3^1Y8[3K6*O@ZW6.#['8&D@8L6@&4_8;_=8,8AD_^#U!+ M`P04````"`"[B:]`&?Z6EQ`%``#L'```$P`<`&1S:3`Q,2TR,#$R,#,S,2YX M@/T'3L"P M]D&693?9HMHM,CLN#'AI8"=%'@(4C$3'7&E2(:G8^?<[BI*ER)9C-RD&+,E# M(9+??;R[[TC)U\['Y9RA.R(5%;SK^(VF@P@/143Y3=>YF+C'D]YPZ*"/'W[Y M&<%?YU?710-*6!2@O@C=(9^*]^@4STF`/A%.)-9"OD=?,$O,C!A01B3JB7G, MB":P8'<*4+O1"I'K[D#[A?!(R(OQ<$4[TSH./&^Q6#2XN,,+(;^I1BAVHYN( M1(9DQ74:7/4G0S0FF.E[`U978_1;JX\F)SV@8)`'==5+I"1<7TTTB5$K7;Z( M(ZP)NAR,#8JHJTC1IN_?^GX+EG'T3V,YA43T`12@5M-O>4ET6[(>2-UVHV?>_R[]$DQ3D6 M&"PAJF^;X/[1T9&7KN;0->3R6K*6BC-H1&IX!+EP9R!'KE-WVW[.3)1[@W&\1HZF]]@`<4",J\, M8&A+9PB'9DX&"8\NAY[1N]DV1H21.53.0,AYGTQQPB#8VP0S.J4D)\?N81R=<4P.90@CI5@ZB4=?9BC";@ROI]A&94DY3'Z%N?>2BW+3\B'F$ M+`\J$76\*D6).%$D^LP_I,^Q)`IH4J,13&2&&:3&*,0L3-A^-H4K&TVRB3SE M3Q.A)[@2C)I[)OH+,W-N)C-"M+(*U"_7I[\%.3=W"LGR7^9`&0FR+.C-!<=) M1&'E[:L.>9)6R5.?IQ:Y+L8&3+TB[6V*%$Q(3)'E>M7E,5W.L-3P):).;A.X M3^#:I2'5VV7:;%*OVKO=56'+W)Z-^^*OF8DCVL9@,F%AMNO,VP>L4. M=E?,T*&4[U6A7"'[;<^L#OF@/MN'YMU.5%S?C:;'VF_6JF"UMDC?\_"3;_F/[1F$Q1VG<*-*QW'45-P]#)YF:2 M3+N.;;"Y>1/D*P376,Y9#C+D6SI/J3;5?&1;YQ18AFLL:YTQ($G?P92HL"LV>@5W<9L7.U(=B!T(37B:SW.;=UAV]<>92_X M+29FY.9VKIER_9;;]AM+%16>[N-$D8;]G,CMOL.)4M?9U(MZT':N\4+CI>!B M#L(U-C6M/<)T0>@6A/OZ5.V;?Z<[7'`[`KXG>+.I+__$!)F9>H^R_KUM>:>M M_Z_;.M_'UTI+^`QRTABV=\D++,Z>NHZ6"10>IPPN;7/X[#C]7Y4`SBD5T7EZ MH42)S'KQ]H*Q"&"A_&:HR=R@(#/PX0";)@;Y28HDSH'PPV6^/`L``00E#@``!#D!``!02P$"'@,4````"`"[B:]`[;O7^?4(```< M90``%P`8```````!````I($Z'```9'-I,#$Q+3(P,3(P,S,Q7V-A;"YX;6Q5 M5`4``Q+'LD]U>`L``00E#@``!#D!``!02P$"'@,4````"`"[B:]`-8(XE^D% M``!U*@``%P`8```````!````I(&`)0``9'-I,#$Q+3(P,3(P,S,Q7V1E9BYX M;6Q55`4``Q+'LD]U>`L``00E#@``!#D!``!02P$"'@,4````"`"[B:]`J`>J M!E85```$&`$`%P`8```````!````I(&Z*P``9'-I,#$Q+3(P,3(P,S,Q7VQA M8BYX;6Q55`4``Q+'LD]U>`L``00E#@``!#D!``!02P$"'@,4````"`"[B:]` M#JR*X/L.```(TP``%P`8```````!````I(%A00``9'-I,#$Q+3(P,3(P,S,Q M7W!R92YX;6Q55`4``Q+'LD]U>`L``00E#@``!#D!``!02P$"'@,4````"`"[ MB:]`&?Z6EQ`%``#L'```$P`8```````!````I(&M4```9'-I,#$Q+3(P,3(P M,S,Q+GAS9%54!0`#$L>R3W5X"P`!!"4.```$.0$``%!+!08`````!@`&`"8" (```*5@`````` ` end XML 10 R9.htm IDEA: XBRL DOCUMENT

Allocation of Profits and Losses	3 Months Ended
Mar. 31, 2012
Notes to Financial Statements
Allocation of Profits and Losses	Under the Agreement of Limited Partnership, the general partners are to be allocated 1% of the net profits or losses from operations, and the limited partners are to be allocated the balance of the net profits or losses from operations in proportion to their limited partnership interests. The general partners are also entitled to receive a percentage, based on a predetermined formula, of any cash distribution from the sale, other disposition, or refinancing of the project. In addition, the general partners are entitled to receive an incentive management fee for supervising the operations of the Partnership. The fee is to be paid in an amount equal to 9% per annum of the cash distributions to limited partners in the fund.

Allocation of Profits and Losses

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Allocation of Profits and Losses

EXCEL 11 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\W-V$Q-#$U-%]D,S@W7S0V83=?8C%E9%]E,F,X M8C5D.&4V-3(B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O M5]4#I7 M;W)K#I.86UE M/@T*("`@(#QX.E=O#I%>&-E;%=O6QE#I!8W1I=F53:&5E=#X-"B`@/'@Z4')O=&5C=%-T#I0#I0#I0&UL/CPA6V5N9&EF72TM/@T*/"]H96%D/@T*("`\8F]D>3X-"B`@(#QP/E1H M:7,@<&%G92!S:&]U;&0@8F4@;W!E;F5D('=I=&@@36EC'1087)T7S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2!);F9O'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$"!+97D\+W1D/@T*("`@("`@ M("`\=&0@8VQA'0^36%R(#,Q+`T*"0DR,#$R/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^9F%L2!A(%=E;&PM:VYO=VX@4V5A'0^665S/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^665S/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M2!#;VUM;VX@ M4W1O8VLL(%-H87)E'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3PO M=&0^#0H@("`@("`@(#QT9"!C;&%S2!-86YA9V5M96YT($9E92!,:6%B:6QI='D\+W1D/@T*("`@("`@ M("`\=&0@8VQA'!E;G-E'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0O:F%V M87-C3X-"B`@("`\=&%B M;&4@8VQA2!O<&5R871I;F<@2!M86YA9V5M96YT(&9E93PO=&0^#0H@("`@("`@(#QT9"!C M;&%S3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%\W-V$Q-#$U-%]D,S@W7S0V83=?8C%E9%]E,F,X8C5D.&4V M-3(-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S=A,30Q-31?9#,X M-U\T-F$W7V(Q961?93)C.&(U9#AE-C4R+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R2`H1&5F M:6-I="D@*%5N875D:71E9"D@*%531"`D*3QB3X-"CPO:'1M M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\W-V$Q-#$U-%]D,S@W7S0V83=?8C%E M9%]E,F,X8C5D.&4V-3(-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO M-S=A,30Q-31?9#,X-U\T-F$W7V(Q961?93)C.&(U9#AE-C4R+U=O'0O:'1M;#L@8VAA M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$2!M86YA9V5M96YT(&9E M97,@<&%Y86)L93PO=&0^#0H@("`@("`@(#QT9"!C;&%S3PO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$'0^,34Q+#4Q-3QS<&%N/CPO7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0^/'`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`^#0H-"CQP('-T>6QE/3-$)V9O M;G0Z(#$P<'0@5&%H;VUA+"!(96QV971I8V$L(%-A;G,M4V5R:68[(&UA6QE/3-$)V9O;G0Z(#$R<'0@5&%H;VUA+"!(96QV971I8V$L(%-A;G,M M4V5R:68[(&UA'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`@2!I;B!";&]O;6EN9V1A;&4L($EL M;&EN;VES.R!A;F0@82`W-24@:6YT97)E2!U;F1E6QE/3-$)V9O;G0Z(#$R<'0@5&%H;VUA+"!(96QV971I8V$L(%-A;G,M M4V5R:68[(&UA6QE/3-$)W9E6QE/3-$)V9O;G0Z(#$P<'0@5&%H;VUA+"!(96QV971I M8V$L(%-A;G,M4V5R:68[(&UA6QE/3-$)W=I9'1H.B`R,24[('!A9&1I;F'0M86QI9VXZ M(&-E;G1E6QE/3-$)V9O;G0Z(#$P<'0@5&%H;VUA+"!(96QV971I8V$L M(%-A;G,M4V5R:68[(&UA6QE/3-$)V9O;G0Z(#$P<'0@5&%H M;VUA+"!(96QV971I8V$L(%-A;G,M4V5R:68[(&UA6QE/3-$)W!A9&1I;F'0M86QI9VXZ(')I9VAT)SXD)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#$L M.#DT+#(U,#PO=&0^#0H@("`@/'1D('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W!A9&1I;F'0M9&5C;W)A=&EO;CH@=6YD97)L:6YE.R!T97AT+6%L:6=N M.B!R:6=H="<^)B,Q-C`[)B,Q-C`[)B,Q-C`[(%\F(S$V,#LF(S$V,#LF(S$V M,#L@,38S+#,X,CPO=&0^#0H@("`@/'1D('-T>6QE/3-$)W!A9&1I;F6QE/3-$)W9E6QE/3-$)W!A9&1I;F6QE/3-$)W9E6QE/3-$)W!A9&1I;F'0M9&5C;W)A=&EO;CH@=6YD97)L:6YE.R!T97AT+6%L:6=N.B!R:6=H M="<^*#8L-S@W+#6QE/3-$)W9E6QE/3-$)W!A9&1I M;F'0M9&5C;W)A=&EO;CH@ M=6YD97)L:6YE.R!T97AT+6%L:6=N.B!R:6=H="<^)"`R+#`P,"PQ.#4\+W1D M/CPO='(^#0H\+W1A8FQE/@T*#0H-"CQP('-T>6QE/3-$)VUA3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R M=%\W-V$Q-#$U-%]D,S@W7S0V83=?8C%E9%]E,F,X8C5D.&4V-3(-"D-O;G1E M;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S=A,30Q-31?9#,X-U\T-F$W7V(Q M961?93)C.&(U9#AE-C4R+U=O'0O:'1M;#L@8VAA'0^/'`@2!T:&4@;G5M8F5R(&]F(&QI;6ET960@ M<&%R=&YE'0O:F%V87-C3X-"B`@ M("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'`@6QE/3-$)V9O;G0Z(#$P<'0@5&%H;VUA+"!(96QV971I8V$L(%-A;G,M4V5R M:68[(&UA6QE/3-$)VUA M3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%\W-V$Q-#$U-%]D,S@W7S0V83=?8C%E9%]E,F,X8C5D.&4V M-3(-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S=A,30Q-31?9#,X M-U\T-F$W7V(Q961?93)C.&(U9#AE-C4R+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R2!46QE/3-$)VUA6QE/3-$)V9O;G0Z(#$P<'0@5&%H;VUA+"!(86QV971I M8V$L(%-A;G,M4V5R:68[(&UA6%B;&4@=&\@1&%H;B!A M="!-87)C:`T*,S$L(#(P,3(@86YD($1E8V5M8F5R(#,Q+"`R,#$Q('=E2`R,#$Q+"!T:&4@1V5N97)A M;"!087)T;F5R+"!$4TD@4')O<&5R=&EE2!I;B!T:&4@ M86UO=6YT(&]F("0R+#,Q,RX@5&%X(&9E97,@<&%I9"!T;R!$4TD@4')O<&5R M=&EE6QE/3-$ M)VUS;RUS<&5C:6%L+6-H87)A8W1E6QE/3-$)VUA6QE/3-$)VUA6QE/3-$)VUA7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S M8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`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htm IDEA: XBRL DOCUMENT

Net Income Per Limited Partnership Unit	3 Months Ended
Mar. 31, 2012
Notes to Financial Statements
Net Income Per Limited Partnership Unit	Net income per limited partnership unit is calculated by dividing the net income allocated to the limited partners by the number of limited partnership units outstanding during the period.

Net Income Per Limited Partnership Unit

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Net Income Per Limited Partnership Unit

Net income per limited partnership unit is calculated by dividing the net income allocated to the limited partners by the number of limited partnership units outstanding during the period.

XML 13 R2.htm IDEA: XBRL DOCUMENT

Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2012	Dec. 31, 2011
ASSETS:
Cash & Equivalents	$ 391,480	$ 303,356
Property Net	1,995,657	2,000,185
Uncollected Rental Revenue	47,777	69,239
Prepaid Advertising	2,579
Other Assets	33,480	33,380
TOTAL	2,470,973	2,406,160
LIABILITIES:
Distribution due to Partners	151,515	151,515
Incentive Management Fee Liability	20,453	11,363
Property Management Fee Liability	11,523	9,391
Deferred Income	43,965	37,539
Accrued Expenses	19,311	24,684
Other Liabilities	119,043	93,134
Total Liabilities	365,810	327,626
PARTNERS' EQUITY:
General Partners	(68,616)	(68,882)
Limited Partners	2,173,779	2,147,416
Total Partners' Equity	2,105,163	2,078,534
Noncontrolling Interest in Real Estate Joint Venture
Total Equity	2,105,163	2,078,534
TOTAL	$ 2,470,973	$ 2,406,160

XML 14 R6.htm IDEA: XBRL DOCUMENT

General

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

General

Fair Value of Financial Instruments

Significant Accounting Policies

Recent Accounting Pronouncements

- Definition

Description containing the entire organization, consolidation and basis of presentation of financial statements disclosure. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements.

+ References+ Details

XML 15 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'

'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'

'+ "\n"+' '+ "\n"+'

'+ "\n"+'

'+raw+'

'+ "\n"+'

'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } } XML 16 R7.htm IDEA: XBRL DOCUMENT

Property

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Property

	March 31, 2012	December 31, 2011
Land	$ 1,894,250	$ 1,894,250
Buildings and improvements	6,725,753	6,725,753
Rental trucks under capital leases	_ 163,382	_ 163,382
Total	8,783,385	8,783,385
Less accumulated depreciation	(6,787,728)	(6,783,200)
Property, net	$ 1,995,657	$ 2,000,185

XML 17 R3.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended
Consolidated Statements of Income (Unaudited) (USD $)	Mar. 31, 2012	Mar. 31, 2011
REVENUES:
Self-storage rental income	$ 452,854	$ 443,589
Ancillary operating revenue	36,035	35,109
Interest and other income	6	10
TOTAL	488,895	478,708
EXPENSES:
Depreciation	4,528	13,605
Operating	197,439	210,786
General and administrative	64,209	84,405
General partners' incentive management fee	13,636	13,635
Property management fee	30,939	29,429
TOTAL	310,751	351,860
NET INCOME	178,144	126,848
LESS: net income attributable to the non-controlling interest	0	0
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP	178,144	126,848
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP ALLOCATED TO:
General partners	1,781	1,268
Limited partners	176,363	125,580
TOTAL	178,144	126,848
Weighted average limited partnership units outstanding	20,000	20,000
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP PER LIMITED PARTNERSHIP UNIT	$ 8.82	$ 6.28

XML 18 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2012
Document And Entity Information
Entity Registrant Name	DSI Realty Income Fund XI
Entity Central Index Key	0000844048
Document Type	10-Q
Document Period End Date	Mar. 31, 2012
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	Yes
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	20,000
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2012

XML 19 R4.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Partners' Equity (Deficit) (Unaudited) (USD $)	General Partners	Limited Partners	Non-controlling Interest	Total
BALANCE, Beginning at Dec. 31, 2011	$ (68,882)	$ 2,147,416	$ 0	$ 2,078,534
Net Income Allocation	1,781	176,363	0	178,144
Distributions	1,515	150,000	0	151,515
Balance, Ending at Mar. 31, 2012	$ (68,616)	$ 2,173,779	$ 0	$ 2,105,163

- Definition

The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes.

+ References+ Details

XML 20 R11.htm IDEA: XBRL DOCUMENT

Subsequent Events

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Subsequent Events

XML 21 R5.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income attributable to the Partnership	$ 178,144	$ 126,848
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	4,528	13,605
Net Income attributable to non-controlling interests
Other assets	18,783	11,131
Incentive management fee payable to General Partners	9,090	6,817
Property management fees payable	2,132	1,025
Customer deposits and other liabilities	26,962	9,239
Net cash provided by operating activities	239,639	168,665
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property	0	0
Net cash used in investing activities	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Distributions to partners	(151,515)	(151,515)
Distributions paid to non-controlling interests
Net cash used in financing activities	(151,515)	(151,515)
NET INCREASE IN CASH AND CASH EQUIVALENTS	88,124	17,150
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	303,356
CASH AND CASH EQUIVALENTS AT END OF PERIOD	391,480
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest	$ 0	$ 0
NON CASH INVESTING AND FINANCING ACTIVITIES:
Distributions due partners included in partners' equity	151,515	151,515

XML 22 R10.htm IDEA: XBRL DOCUMENT

Related Party Transactions

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Related Party Transactions

- Definition

This element may be used for the entire related party transactions disclosure as a single block of text. Disclosure may include: the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details

XML 23 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 13 72 1 false 3 0 false 3 false false R1.htm 0001 - Document - Document and Entity Information Sheet http://DSIRealtyIncomeFundXI/role/DocumentAndEntityInformation Document and Entity Information true false R2.htm 0002 - Statement - Consolidated Balance Sheets (Unaudited) Sheet http://DSIRealtyIncomeFundXI/role/ConsolidatedBalanceSheets Consolidated Balance Sheets (Unaudited) false false R3.htm 0003 - Statement - Consolidated Statements of Income (Unaudited) Sheet http://DSIRealtyIncomeFundXI/role/ConsolidatedStatementsOfIncome Consolidated Statements of Income (Unaudited) false false R4.htm 0004 - Statement - Consolidated Statements of Partners' Equity (Deficit) (Unaudited) Sheet http://DSIRealtyIncomeFundXI/role/ConsolidatedStatementsOfPartnersEquityDeficit Consolidated Statements of Partners' Equity (Deficit) (Unaudited) false false R5.htm 0005 - Statement - Consolidated Statements of Cash Flows (Unaudited) Sheet http://DSIRealtyIncomeFundXI/role/ConsolidatedStatementsOfCashFlows Consolidated Statements of Cash Flows (Unaudited) false false R6.htm 0006 - Disclosure - General Sheet http://DSIRealtyIncomeFundXI/role/General General false false R7.htm 0007 - Disclosure - Property Sheet http://DSIRealtyIncomeFundXI/role/Property Property false false R8.htm 0008 - Disclosure - Net Income Per Limited Partnership Unit Sheet http://DSIRealtyIncomeFundXI/role/NetIncomePerLimitedPartnershipUnit Net Income Per Limited Partnership Unit false false R9.htm 0009 - Disclosure - Allocation of Profits and Losses Sheet http://DSIRealtyIncomeFundXI/role/AllocationOfProfitsAndLosses Allocation of Profits and Losses false false R10.htm 0010 - Disclosure - Related Party Transactions Sheet http://DSIRealtyIncomeFundXI/role/RelatedPartyTransactions Related Party Transactions false false R11.htm 0011 - Disclosure - Subsequent Events Sheet http://DSIRealtyIncomeFundXI/role/SubsequentEvents Subsequent Events false false All Reports Book All Reports Process Flow-Through: 0002 - Statement - Consolidated Balance Sheets (Unaudited) Process Flow-Through: 0003 - Statement - Consolidated Statements of Income (Unaudited) Process Flow-Through: 0005 - Statement - Consolidated Statements of Cash Flows (Unaudited) dsi011-20120331.xml dsi011-20120331.xsd dsi011-20120331_cal.xml dsi011-20120331_def.xml dsi011-20120331_lab.xml dsi011-20120331_pre.xml true true