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Real Estate Assets (Tables)
3 Months Ended
Mar. 31, 2016
Real Estate Assets [Abstract]  
Schedule of Real Estate Properties [Table Text Block]

The Partnership had the following investments in MF Properties on March 31, 2016 and December 31, 2015:

 

MF Properties

 

Property Name

 

Location

 

Number of

Units

 

 

Land and Land

Improvements

 

 

Buildings and

Improvements

 

 

Carrying Value at

March 31, 2016

 

Arboretum

 

Omaha, NE

 

 

145

 

 

$

1,755,148

 

 

$

19,345,349

 

 

$

21,100,497

 

Eagle Village

 

Evansville, IN

 

 

511

 

 

 

567,880

 

 

 

12,595,381

 

 

 

13,163,261

 

Northern View (f/k/a Meadowview)

 

Highland Heights, KY

 

 

270

 

 

 

688,539

 

 

 

8,069,104

 

 

 

8,757,643

 

Residences of DeCordova

 

Granbury, TX

 

 

110

 

 

 

1,160,455

 

 

 

8,070,159

 

 

 

9,230,614

 

Residences of Weatherford

 

Weatherford, TX

 

 

76

 

 

 

1,942,229

 

 

 

5,741,905

 

 

 

7,684,134

 

Suites on Paseo

 

San Diego, CA

 

 

394

 

 

 

3,162,463

 

 

 

38,236,774

 

 

 

41,399,237

 

The 50/50 MF Property

 

Lincoln, NE

 

 

475

 

 

 

-

 

 

 

32,914,926

 

 

 

32,914,926

 

Woodland Park

 

Topeka, KS

 

 

236

 

 

 

1,265,160

 

 

 

14,258,750

 

 

 

15,523,910

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

149,774,222

 

Less accumulated depreciation

 

 

 

(17,670,045

)

Balance at March 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

132,104,177

 

 

MF Properties

 

Property Name

 

Location

 

Number of

Units

 

 

Land and Land

Improvements

 

 

Buildings and

Improvements

 

 

Carrying Value at

December 31, 2015

 

Arboretum

 

Omaha, NE

 

 

145

 

 

$

1,755,147

 

 

$

19,317,284

 

 

$

21,072,431

 

Eagle Village

 

Evansville, IN

 

 

511

 

 

 

567,880

 

 

 

12,594,935

 

 

 

13,162,815

 

Northern View (f/k/a Meadowview)

 

Highland Heights, KY

 

 

270

 

 

 

688,539

 

 

 

8,062,973

 

 

 

8,751,512

 

Residences of DeCordova

 

Granbury, TX

 

 

110

 

 

 

1,137,832

 

 

 

8,065,977

 

 

 

9,203,809

 

Residences of Weatherford

 

Weatherford, TX

 

 

76

 

 

 

1,942,229

 

 

 

5,738,697

 

 

 

7,680,926

 

Suites on Paseo

 

San Diego, CA

 

 

394

 

 

 

3,162,463

 

 

 

38,216,364

 

 

 

41,378,827

 

The 50/50 MF Property

 

Lincoln, NE

 

 

475

 

 

 

-

 

 

 

32,910,424

 

 

 

32,910,424

 

Woodland Park

 

Topeka, KS

 

 

236

 

 

 

1,265,160

 

 

 

14,247,045

 

 

 

15,512,205

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

149,672,949

 

Less accumulated depreciation

 

 

 

(16,023,814

)

Balance at December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

133,649,135