Partners' Capital

9 Months Ended

Sep. 30, 2018

Partners' Capital Notes [Abstract]

Partners' Capital Notes Disclosure [Text Block]

(7)  Partners’ Capital –

For nine months ended September 30, 2018 and 2017, the Partnership declared distributions of $594,542 and $730,702, respectively.  The Limited Partners received distributions of $588,596 and $723,395 and the General Partners received distributions of $5,946 and $7,307 for the periods, respectively.  The Limited Partners' distributions represented $30.23 and $36.87 per Limited Partnership Unit outstanding using 19,473 and 19,622 weighted average Units in 2018 and 2017, respectively.  The distributions represented $2.25 and $2.41 per Unit of Net Income and $27.98 and $34.46 per Unit of contributed capital in 2018 and 2017, respectively.

As part of the distributions discussed above, the Partnership distributed net sale proceeds of $197,980 and $68,812 in 2018 and 2017, respectively.  The Limited Partners received distributions of $196,000 and $68,124 and the General Partners received distributions of $1,980 and $688 for the periods, respectively.  The Limited Partners’ distributions represented $10.10 and $3.47 per Unit for the periods, respectively.

On April 1, 2018, the Partnership repurchased a total of 213.34 Units for $186,957 from eight Limited Partners in accordance with the Partnership Agreement.  On April 1, 2017, the Partnership repurchased a total of 20.00 Units for $17,616 from one Limited Partner. The Partnership acquired these Units using Net Cash Flow from operations.  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 $1,888 and $178 in 2018 and 2017, respectively.