Discontinued Operations

3 Months Ended

Mar. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

(6)  Discontinued Operations –

In the fourth quarter of 2013, the Partnership decided to sell its 20% interest in the CarMax Auto Superstore in Lithia Springs, Georgia. At December 31, 2013, the property was classified as Real Estate Held for Sale with a carrying value of $1,508,930. On March 7, 2014, to facilitate the sale of the property, the Partnership contributed its interest in the property via a limited liability company to CM Lithia Springs DST as described in Note 4.

During the first three months of 2015 and 2014, the Partnership distributed net sale proceeds of $56,414 and $85,146, respectively. The Limited Partners received distributions of $55,850 and $84,295 and the General Partners received distributions of $564 and $851 for the periods, respectively. The Limited Partners’ distributions represented $2.56 and $3.72 per Unit for the periods, respectively.

The financial results for this property are reflected as Discontinued Operations in the accompanying financial statements. The following are the results of discontinued operations for the three months ended March 31:

		2015		2014
Rental Income	$	0	$	26,740
Property Management Expenses		0		(12)
Income from Equity Method Investment Held for Sale		0		32,864
Income from Discontinued Operations	$	0	$	59,592

		2015		2014
Cash Flows from Discontinued Operations:
Operating Activities	$	0	$	26,728
Investing Activities	$	0	$	(12,169)