Discontinued Operations

6 Months Ended

Jun. 30, 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.

The financial results for these properties are reflected as Discontinued Operations in the accompanying financial statements. The following are the results of discontinued operations:

		Three Months Ended June 30				Six Months Ended June 30
		2015		2014		2015		2014
Rental Income	$	0	$	0	$	0	$	26,740
Property Management Expenses		0		(3,016)		0		(3,028)
Income from Equity Method Investment Held for Sale		0		479,483		0		512,347
Income from Discontinued Operations	$	0	$	476,467	$	0	$	536,059

		Three Months Ended June 30				Six Months Ended June 30
		2015		2014		2015		2014
Cash Flows from Discontinued Operations:
Operating Activities	$	0	$	(3,016)	$	0	$	23,712
Investing Activities	$	0	$	1,600,000	$	0	$	1,587,831