Related Party Transactions

12 Months Ended

Dec. 31, 2014

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

(3) Related Party Transactions –

The Partnership owns the percentage interest shown below in the following properties as tenants-in-common with the affiliated entities listed: Jared Jewelry store in Hanover, Maryland (50% – AEI Net Lease Income & Growth Fund XX Limited Partnership); Jared Jewelry store in Auburn Hills, Michigan (40% – AEI Income & Growth Fund 25 LLC); Best Buy store (54% – AEI Income & Growth Fund 23 LLC and AEI Income & Growth Fund 26 LLC); Fresenius Medical Center (55% – AEI Income & Growth Fund 24 LLC); Tractor Supply Company store in Canton, Georgia (50% – AEI Accredited Investor Fund V LP); and Gander Mountain store (30% – AEI Accredited Investor Fund V LP and AEI National Income Property Fund VIII LP).

The Partnership owned a 62% interest in an Applebee’s restaurant. AEI Income & Growth Fund XXII Limited Partnership, an affiliate of the Partnership, owned a 38% interest in this property until the property was sold to an unrelated third party in 2013. The Partnership owned a 39% interest in a Scott & White Clinic. AEI Net Lease Income & Growth Fund XX Limited Partnership and AEI Income & Growth Fund 25 LLC owned the remaining 61% interest in this property until the property was sold to an unrelated third party in 2013.

During 2014, the Partnership sold its 20% interest in the CarMax Auto Superstore in Lithia Springs, Georgia. The remaining interests in the property that were owned by three affiliated entities, AEI Income & Growth Fund 24 LLC, AEI Income & Growth Fund 25 LLC and AEI Private Net Lease Millennium Fund Limited Partnership, were also sold in 2014. During 2014, the Partnership sold its 63% interest in the Tractor Supply Company store in Rapid City, South Dakota. The remaining interest in the property that was owned by AEI Income & Growth Fund 25 LLC was also sold in 2014.

AEI received the following reimbursements for costs and expenses from the Partnership for the years ended December 31:

		2014		2013
AEI is reimbursed for costs incurred in providing services related to managing the Partnership's operations and properties, maintaining the Partnership's books, and communicating with the Limited Partners.	$	221,349	$	205,016
AEI is reimbursed for all direct expenses it paid on the Partnership's behalf to third parties related to Partnership administration and property management. These expenses included printing costs, legal and filing fees, direct administrative costs, outside audit costs, taxes, insurance and other property costs. These amounts included $3,145 and $871 of expenses related to Discontinued Operations in 2014 and 2013, respectively.	$	55,489	$	47,678
AEI is reimbursed for costs incurred in providing services and direct expenses related to the acquisition of properties on behalf of the Partnership.	$	62,022	$	0
AEI is reimbursed for costs incurred in providing services related to the sale of property.	$	129,657	$	77,864

The payable to AEI Fund Management, Inc. represents the balance due for the services described in 3a, b, c and d. This balance is non-interest bearing and unsecured and is to be paid in the normal course of business.