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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Rental properties, at cost:    
Land $ 4,201 $ 4,201
Buildings and improvements 32,020 31,920
Personal property 1,588 1,551
Identifiable intangible assets 1,497 1,497
Total rental properties, at cost 39,306 39,169
Accumulated depreciation and amortization (10,010) (9,634)
Total rental properties, net 29,296 29,535
Cash 6,449 6,702
Restricted cash 801 1,600
Tenant receivables, net 10 70
Accounts receivable due from related parties 86 171
Prepaid expenses and other assets 46 71
Total assets 36,688 38,149
Liabilities:    
Mortgage notes payable, net 25,539 25,630
Accounts payable and accrued expenses 524 574
Real estate tax payable 307 1,132
Accrued interest 115 116
Payables to related parties 146 138
Prepaid rent 114 114
Security deposits 169 170
Total liabilities 26,914 27,874
Partners’ capital 9,774 10,275
Total liabilities and partners’ capital $ 36,688 $ 38,149