Discontinued Operations

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

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

(7)  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 5.

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 years ended December 31:

		2015		2014
Rental Income	$	0	$	26,740
Property Management Expenses		0		(3,145)
Income from Equity Method Investment Held for Sale		0		623,782
Income from Discontinued Operations	$	0	$	647,377

		2015		2014
Cash Flows from Discontinued Operations:
Operating Activities	$	0	$	23,595
Investing Activities	$	0	$	2,132,712