Partners' Capital

6 Months Ended

Jun. 30, 2017

Partners' Capital Notes [Abstract]

Partners' Capital Notes Disclosure [Text Block]

(5)  Partners’ Capital –

For the six months ended June 30, 2017 and 2016, the Partnership declared distributions of $522,420 and $525,356, respectively. The Limited Partners received distributions of $517,196 and $520,103 and the General Partners received distributions of $5,224 and $5,253 for the periods, respectively.  The Limited Partners' distributions represented $26.35 and $26.04 per Limited Partnership Unit outstanding using 19,626 and 19,973 weighted average Units in 2017 and 2016, respectively.  The distributions represented $0.00 and $10.52 per Unit of Net Income and $26.35 and $15.52 per Unit of contributed capital in 2017 and 2016, respectively.

As part of the distributions discussed above, the Partnership distributed net sale proceeds (from property sales completed in 2014) of $68,812 in 2017.  The Limited Partners received distributions of $68,124 and the General Partners received distributions of $688.  The Limited Partners’ distributions represented $3.47 per Unit.

On April 1, 2017, the Partnership repurchased a total of 20.00 Units for $17,616 from one Limited Partner in accordance with the Partnership Agreement.  The Partnership acquired these Units using Net Cash Flow from operations.  On April 1, 2016, the Partnership repurchased a total of 264.01 Units for $233,076 from 12 Limited Partners. The Partnership acquired these Units using net sale proceeds.  The repurchases increase the remaining Limited Partners' ownership interest in the Partnership.  As a result of these repurchases and pursuant to the Partnership Agreement, the General Partners received distributions of $178 and $2,355 in 2017 and 2016, respectively.