Discontinued Operations

12 Months Ended

Dec. 31, 2012

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

(6) Discontinued Operations –

On January 31, 2012, the Company sold the land under the Red Robin restaurant in Beavercreek, Ohio to an unrelated third party. The Company received net sale proceeds of $1,811,647, which resulted in a net gain of $277,992. At December 31, 2011, the property was classified as Real Estate Held for Sale with a carrying value of $1,533,655.

During 2012, the Company distributed net sale proceeds of $233,939 to the Limited and Managing Members as part of their quarterly distributions, which represented a return of capital of $0.13 per LLC Unit. The Company anticipates the remaining net sale proceeds will either be reinvested in additional property or distributed to the Members in the future.

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:

		2012		2011
Rental Income	$	9,315	$	115,500
Property Management Expenses		0		343
Gain on Disposal of Real Estate		277,992		0
Income from Discontinued Operations	$	287,307	$	115,157