Partners' Capital

9 Months Ended

Sep. 30, 2018

Partners' Capital Notes [Abstract]

Partners' Capital Notes Disclosure [Text Block]

(7)  Partners’ Capital –

For the nine months ended September 30, 2018 and 2017, the Partnership declared distributions of $427,427 and $433,386, respectively.  The Limited Partners received distributions of $414,604 and $421,798 and the General Partners received distributions of $12,823 and $11,588 for the periods, respectively.  The Limited Partners' distributions represented $30.60 and $30.30 per Limited Partnership Unit outstanding using 13,549 and 13,920 weighted average Units in 2018 and 2017, respectively.  The distributions represented $5.97 and $8.66 per Unit of Net Income and $24.63 and $21.64 per Unit of return of capital in 2018 and 2017, respectively.  

As part of the distributions discussed above, the Partnership distributed net sale proceeds of $70,707 in 2017.  The Limited Partners received distributions of $70,000 and the General Partners received distributions of $707.  The Limited Partners’ distributions represented $5.04 per Unit.

On April 1, 2018, the Partnership repurchased a total of 138.53 Units for $107,974 from nine Limited Partners in accordance with the Partnership Agreement.  On April 1, 2017, the Partnership repurchased a total of 123.00 Units for $96,641 from four Limited Partners.  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 $3,339 and $2,989 in 2018 and 2017, respectively.