0001486279-16-000025.txt : 20160812 0001486279-16-000025.hdr.sgml : 20160812 20160812155121 ACCESSION NUMBER: 0001486279-16-000025 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 45 CONFORMED PERIOD OF REPORT: 20160811 FILED AS OF DATE: 20160812 DATE AS OF CHANGE: 20160812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Resource Real Estate Investors 7, L.P. CENTRAL INDEX KEY: 0001486279 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 262726308 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-53962 FILM NUMBER: 161828125 BUSINESS ADDRESS: STREET 1: ONE CRESCENT DRIVE, SUITE 203 STREET 2: NAVY YARD CORPORATE CENTER CITY: PHILADELPHIA STATE: PA ZIP: 19112 BUSINESS PHONE: 215-546-5005 MAIL ADDRESS: STREET 1: ONE CRESCENT DRIVE, SUITE 203 STREET 2: NAVY YARD CORPORATE CENTER CITY: PHILADELPHIA STATE: PA ZIP: 19112 10-Q 1 r7-20160630x10q.htm 10-Q Document



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 10-Q
(Mark One)
þ
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the quarterly period ended June 30, 2016
¨
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
 
For the transition period from _________ to __________
Commission file number 0-53962

Resource Real Estate Investors 7, L.P.
(Exact name of registrant as specified in its charter)
Delaware
 
26-2726308
(State or other jurisdiction of
 
(I.R.S. Employer
incorporation or organization)
 
Identification No.)
One Crescent Drive, Suite 203, Navy Yard Corporate Center, Philadelphia, PA  19112
(Address of principal executive offices) (Zip code)
(215) 231-7050
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes þ No o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
o
 
Accelerated filer
o
Non-accelerated filer
o
(Do not check if a smaller reporting company)
Smaller reporting company
þ
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes o No þ



RESOURCE REAL ESTATE INVESTORS 7, L.P.
INDEX TO ANNUAL REPORT
ON FORM 10-Q

 
 
PAGE
PART I
FINANCIAL INFORMATION
 
 
 
 
ITEM 1.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ITEM 2.
 
 
 
ITEM 3.
 
 
 
ITEM 4.
 
 
 
PART II
OTHER INFORMATION
 
 
 
 
ITEM 6.
 
 
 







 






PART I. FINANCIAL INFORMATION
 
 

ITEM 1.                FINANCIAL STATEMENTS


RESOURCE REAL ESTATE INVESTORS 7, L.P.
CONSOLIDATED BALANCE SHEETS
(in thousands)

 
June 30,
2016
 
December 31,
2015
 
(unaudited)
 
 
ASSETS
 
 
 
Rental properties, at cost:
 
 
 
Land
$
4,201

 
$
4,201

Buildings and improvements
32,070

 
31,920

Personal property
1,630

 
1,551

Identifiable intangible assets
1,497

 
1,497

Total rental properties, at cost
39,398

 
39,169

Accumulated depreciation and amortization
(10,382
)
 
(9,634
)
Total rental properties, net
29,016

 
29,535

 
 
 
 
Cash
5,862

 
6,702

Restricted cash
1,024

 
1,600

Tenant receivables, net
20

 
70

Accounts receivable due from related parties
216

 
171

Prepaid expenses and other assets
149

 
71

Accounts Receivable - other
304

 
—

Total assets
$
36,591

 
$
38,149

 
 
 
 
LIABILITIES AND PARTNERS’ CAPITAL
 

 
 

Liabilities:
 

 
 

Mortgage notes payable, net
$
25,450

 
$
25,630

Accounts payable and accrued expenses
427

 
574

Real estate tax payable
626

 
1,132

Accrued interest
111

 
116

Payables to related parties
212

 
138

Prepaid rent
65

 
114

Security deposits
172

 
170

Total liabilities
27,063

 
27,874

Partners’ capital
9,528

 
10,275

Total liabilities and partners’ capital
$
36,591

 
$
38,149








The accompanying notes are an integral part of these consolidated financial statements.


RESOURCE REAL ESTATE INVESTORS 7, L.P.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per unit data)
(unaudited)

 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2016
 
2015
 
2016
 
2015
Revenues:
 
 
 
 
 
 
 
 
     Rental income
 
$
2,062

 
$
2,463

 
$
4,101

 
$
5,456

 
 
 
 
 
 
 
 
 
Expenses:
 
 

 
 

 
 

 
 
     Rental operating
 
1,119

 
1,249

 
2,336

 
2,690

     Management fees – related parties
 
145

 
182

 
293

 
411

     General and administrative
 
81

 
138

 
289

 
338

     Depreciation and amortization
 
376

 
497

 
753

 
995

         Total expenses
 
1,721

 
2,066

 
3,671

 
4,434

 
 
 
 
 
 
 
 
 
Income before other income (expense)
 
341

 
397

 
430

 
1,022

 
 
 
 
 
 
 
 
 
Other income (expense):
 
 

 
 

 
 
 
 
     Interest expense, net
 
(358
)
 
(462
)
 
(716
)
 
(1,113
)
     Gain on sale of rental property
 
—

 
—

 
10

 
9,603

     Loss on disposal of fixed assets
 
—

 
—

 
(2
)
 
—

        Total other income (expenses)
 
$
(358
)
 
$
(462
)
 
$
(708
)
 
$
8,490

 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(17
)
 
$
(65
)
 
$
(278
)
 
$
9,512

 
 
 
 
 
 
 
 
 
Weighted average number of limited partner units outstanding
 
3,270

 
3,270

 
3,270

 
3,270

 
 
 
 
 
 
 
 
 
Net (loss) income per weighted average limited partner unit, basic and diluted
 
$
(0.01
)
 
$
(0.02
)
 
$
(0.09
)
 
$
2.91


 
















The accompanying notes are an integral part of these consolidated financial statements.


RESOURCE REAL ESTATE INVESTORS 7, L.P.
CONSOLIDATED STATEMENT OF CHANGES IN PARTNERS’ CAPITAL
FOR THE SIX MONTHS ENDED JUNE 30, 2016
(in thousands, except units)
(unaudited)

 
General
 
Limited Partners
 
 
 
Partner
 
Units
 
Amount
 
Total
Balance at January 1, 2016
$
1

 
3,269,655

 
$
10,274

 
$
10,275

Distributions
—

 
—

 
(469
)
 
(469
)
Net loss
—

 
—

 
(278
)
 
(278
)
Balance at June 30, 2016
$
1

 
3,269,655

 
$
9,527

 
$
9,528











































The accompanying notes are an integral part of this consolidated financial statement.


RESOURCE REAL ESTATE INVESTORS 7, L.P.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
 
Six Months Ended
 
June 30,
 
2016
 
2015
Cash flows from operating activities:
 
 
 
Net (loss) income
$
(278
)
 
9,512

Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
 

 
 

Gain on sale of rental properties
(10
)
 
(9,603
)
Depreciation and amortization
753

 
995

Amortization of deferred financing costs
42

 
81

Loss on disposal of fixed assets
2

 
—

Changes in operating assets and liabilities:
 

 
 

Restricted cash
626

 
750

Tenant receivables, net
50

 
(8
)
Accounts receivable - other
(304
)
 
—

Prepaid expense and other assets
(78
)
 
(50
)
    Accounts receivable due from related parties
(45
)
 
(80
)
Accounts payable and accrued expenses
(147
)
 
189

Real estate tax payable
(506
)
 
(451
)
Accrued interest
(5
)
 
(28
)
Payables to related parties
74

 
(1,853
)
Prepaid rent
(49
)
 
(8
)
Security deposits
2

 
5

Net cash provided by (used in) operating activities
127

 
(549
)
 
 
 
 
Cash flows from investing activities:
 

 
 

Capital expenditures
(236
)
 
(182
)
Restricted cash
(50
)
 
258

Proceeds from sale of rental property
10

 
11,683

Net cash (used in) provided by investing activities
(276
)
 
11,759

 
 
 
 
Cash flows from financing activities:
 
 
 
Distributions to limited partners
(469
)
 
(9,722
)
Principal payments on mortgage notes payable
(222
)
 
(300
)
Net cash used in financing activities
(691
)
 
(10,022
)
 
 
 
 
Net (decrease) increase in cash
(840
)
 
1,188

Cash at beginning of period
6,702

 
4,483

Cash at end of period
$
5,862

 
$
5,671

 
 
 
 
Non-cash Investing and Financing Activities
 
 
 
Settlement of mortgage notes payable with proceeds from sale of rental property
$
—

 
$
12,452



 The accompanying notes are an integral part of these consolidated financial statements.

RESOURCE REAL ESTATE INVESTORS 7, L.P.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
JUNE 30, 2016
(unaudited)


NOTE 1 - NATURE OF BUSINESS AND OPERATIONS
Resource Real Estate Investors 7, L.P. (“R-7” or the “Partnership”) is a Delaware limited partnership which owns and operates multifamily residential rental properties located in Texas and South Carolina (the “Properties”). The Partnership also may invest in interests in real estate mortgages and other debt instruments that are secured, directly or indirectly, by multifamily residential rental properties, although the Partnership held no such investments as of June 30, 2016 and December 31, 2015.  The Partnership was formed on March 28, 2008 and commenced operations on June 16, 2008.  The General Partner, Resource Capital Partners, Inc. (“RCP”, the “General Partner”, or the “GP”), is in the business of sponsoring and managing real estate investment limited partnerships and tenant in common programs. RCP contributed $1,000 in cash as its minimum capital contribution to the Partnership.  In addition, RCP held a 5.62% limited partnership interest in the Partnership at June 30, 2016 and December 31, 2015. RCP is an indirect wholly owned subsidiary of Resource America, Inc. (“RAI”), a publicly traded company (NASDAQ: REXI) operating in the real estate, financial fund management and commercial finance sectors.
In accordance with the First Amended and Restated Agreement of Limited Partnership (the “Agreement”), the GP has the right to extend the Partnership term for a maximum of two years in the aggregate following the initial termination date. In February 2016, the GP extended the Partnership term for one year until March 28, 2017. The Partnership has begun the process of dissolution through the strategic disposal of assets. On March 19, 2015, the Partnership sold its interest in Woodland Hills. On December 1, 2015, the Partnership sold its interest in Tamarlane. The remaining Properties are expected to be disposed of later in 2016.
The Agreement provides that income is allocated as follows: first, to the Limited Partners (“LPs”) and the GP (collectively, the “Partners”) in proportion to and to the extent of the deficit balances, if any, in their respective capital accounts; second, to the Partners in proportion to the allocations of Distributable Cash (as defined in the Agreement); and third, 100% to the LPs.  All losses are allocated as follows: first, 100% to the LPs until the LPs have been allocated losses equal to the excess, if any, of their aggregate capital account balances over the aggregate Adjusted Capital Contributions (as defined in the Agreement); second, to the Partners in proportion to and to the extent of their respective remaining positive capital account balances, if any; and third, 100% to the LPs.
Distributable cash from operations, payable monthly, as determined by the GP, is first allocated 100% to the LPs until the LP’s have received their Preferred Return (as defined in the Agreement); and thereafter, 80% to the LPs and 20% to the GP.
Distributable cash from capital transactions, as determined by the GP, is first allocated 100% to the LPs until the LPs have received their Preferred Return; second, 100% to the LPs until their Adjusted Capital Contributions have been reduced to zero; and thereafter, 80% to the LPs and 20% to the GP.
The consolidated financial statements and the information and tables contained in the notes thereto as of June 30, 2016 are unaudited. The consolidated balance sheet as of December 31, 2015 was derived from the audited consolidated financial statements as of and for the year ended December 31, 2015. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). However, in the opinion of management, these interim financial statements include all the necessary adjustments to fairly present the results of the interim periods presented. The unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2015. The results of operations for the three and six months ended June 30, 2016 may not necessarily be indicative of the results of operations for the full year ending December 31, 2016.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A summary of the significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows:
Principles of Consolidation
The consolidated financial statements include the accounts of the Partnership and its wholly-owned subsidiaries, as follows:


RESOURCE REAL ESTATE INVESTORS 7, L.P.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
JUNE 30, 2016
(unaudited)

Subsidiaries
 
Number
of Units
 
Location
RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (“Tamarlane”) (1)
 
—
 
—
RRE Bent Oaks Holdings, LLC, or Bent Oaks Apartments (“Bent Oaks”)
 
146
 
Austin, TX
RRE Cape Cod Holdings,  LLC, or Cape Cod Apartments (“Cape Cod”)
 
212
 
San Antonio, TX
RRE Woodhollow Holdings, LLC, or Woodhollow Apartments (“Woodhollow”)
 
108
 
Austin, TX
RRE Woodland Hills Holdings, LLC (“Hills”) (2)
 
—
 
—
RRE Woodland Village Holdings, LLC, or Woodland Village Apartments (“Village”)
 
308
 
Columbia, SC
 
 
774
 
 
 
(1) Tamarlane, a 115 unit multifamily apartment complex in Maine, was sold on December 1, 2015.
(2) The Hills, a 228 unit multifamily apartment complex in Georgia, was sold on March 19, 2015.
All intercompany transactions and balances have been eliminated in consolidation.
Assets Held for Sale
The Partnership presents the assets and liabilities of any rental properties which qualify as held for sale, separately in the consolidated balance sheets. The Partnership does not consider the sale as probable until the purchase and sale agreement has been signed by both parties. Real estate assets held for sale are measured at the lower of carrying amount or fair value less cost to sell. Both the real estate and the corresponding liabilities are presented separately in the Consolidated Balance Sheets. Subsequent to classification of an asset as held for sale, no further depreciation is recorded.
Geographic Concentration Risk
As of June 30, 2016, the Partnership's net investments in real estate in Texas and South Carolina represented 66% and 34%, respectively, of the Partnership’s total assets. As a result, the geographic concentration of the Partnership’s portfolio makes it particularly susceptible to adverse economic developments in the Texas and South Carolina real estate markets. Any adverse economic or real estate developments in these markets could adversely affect the Partnership’s operating results.
Use of Estimates
The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  The Partnership estimates the allowance for uncollectible receivables and loan losses and adjusts the balance quarterly.  The Partnership also estimates the liability for real estate taxes on the properties and adjusts the balance quarterly if necessary. Actual results could differ from those estimates.
Supplemental Disclosure of Cash Flow Information
During the six months ended June 30, 2016 and 2015, the Partnership paid $702,000 and $1.1 million, respectively, in cash for interest.
Advertising
The Partnership expenses advertising costs as they are incurred.  Advertising costs, which are included in rental operating expenses, totaled $22,000 and $48,000 for the three and six months ended June 30, 2016 and $39,000 and $60,000 for the three and six months ended June 30, 2015, respectively.
Deferred Financing Costs
Costs incurred to obtain financing have been capitalized and are being amortized over the term of the related debt using the effective yield method. In accordance with adoption of Financial Accounting Standard Board ("FASB") Accounting Standards Update ("ASU") 2015-03 "Simplifying the Presentation of Debt Issuance Costs", the Partnership has recorded deferred financing costs as a direct reduction of the related mortgage notes payable.

RESOURCE REAL ESTATE INVESTORS 7, L.P.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
JUNE 30, 2016
(unaudited)

Sale of the Rental Property
The Partnership recognized the gains on sales of rental properties separately in the Consolidated Statement of Operations. In March 2015, the Partnership sold its interest in the Hills and recognized a gain of $9.6 million on the sale.
Income Taxes
Income taxes or credits resulting from earnings or losses are payable by, or accrue to the benefit of, the partners; accordingly, no provision has been made for income taxes in these consolidated financial statements.
The Partnership evaluates the benefits of tax positions taken or expected to be taken in its tax returns under a two-step recognition and measurement process.  Only the largest amount of benefits from the tax positions that will more likely than not be sustainable upon examination are recognized by the Partnership.  The Partnership does not have any unrecognized tax benefits, nor interest and penalties, recorded in the Consolidated Balance Sheets or Consolidated Statements of Operations and does not anticipate significant adjustments to the total amount of unrecognized tax benefits within the next twelve months.
The Partnership is subject to examination by the U.S. Internal Revenue Service and by the taxing authorities in those states in which the Partnership has significant business operations.  The Partnership is not currently undergoing any examinations by taxing authorities.  The Partnership may be subject to U.S. federal income tax and state/local income tax examinations for years 2013 through 2015.
Revenue Recognition
Revenue is primarily derived from the rental of residential housing units with lease agreement terms of generally one year or less.  The Partnership recognizes revenue in the period that rent is earned, which is on a monthly basis.  The Partnership recognizes rent as income on a straight-line basis over the term of the related lease.  Additionally, any incentives included in the lease are amortized on a straight-line basis over the term of the related lease.
Included within rental income are other income amounts such as utility reimbursements, late fees, parking fees, pet fees and lease application fees which are recognized when earned or received. For the three and six months ended June 30, 2016 other income totaled $233,000 and $456,000, respectively. For the three and six months ended June 30, 2015 other income totaled $206,000 and $408,000, respectively.
The future minimum rental payments to be received from leases currently in place is approximately $4.3 million and $56,000 for the twelve months ending June 30, 2017 and 2018, respectively, and none thereafter.
Long-Lived Assets
The Partnership reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  If it is determined that an asset’s estimated future cash flows will not be sufficient to recover its carrying amount, an impairment charge will be recorded to reduce the carrying amount for that asset to its estimated fair value. The Partnership has estimated that the future cash flows from its properties will be sufficient to recover their
carrying amounts and, as a result, the Partnership did not recognize any impairment losses with respect to its Properties for the
six months ended June 30, 2016 and 2015.
Rental Properties
Rental properties are carried at cost, net of accumulated depreciation.  Buildings and improvements and personal property are depreciated for financial reporting purposes on the straight-line method over their estimated useful lives.  The value of in-place leases is amortized over the average remaining term of the respective leases on a straight-line basis.  Useful lives used for calculating depreciation for financial reporting purposes are as follows:
 
Buildings and improvements
5 - 27.5 years
 
 
Personal property
3 - 15 years
 
Tenant Receivables

RESOURCE REAL ESTATE INVESTORS 7, L.P.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
JUNE 30, 2016
(unaudited)

Tenant receivables are stated at amounts due from tenants net of an allowance for uncollectible receivables.  Payment terms vary and receivables outstanding longer than the payment terms are considered past due.  The Partnership determines its allowance by considering a number of factors, including the length of time receivables are past due, security deposits held, the Partnership’s previous loss history, the tenants’ current ability to pay their obligations to the Partnership, the general condition of the economy and the condition of the industry as a whole.  The Partnership writes off receivables when they become uncollectible.  At June 30, 2016 and December 31, 2015, there were no allowances for uncollectible receivables.
Redemptions
The LPs may request redemption of their units at any time.  The Partnership has no obligation to redeem any units and will do so only at the GP’s discretion.  If the Partnership redeems units, the redemption price is generally the amount of the initial investment less all distributions from the Partnership to the LP, and less all organization and offering expenses charged to the LP.

Adoption of New Accounting Standards

In January 2015, FASB issued ASU No. 2015-01, "Income Statement - Extraordinary and Unusual Items (Subtopic 225-20), Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items" ("ASU No. 2015-01"). The amendments in ASU No. 2015-01 eliminate from GAAP the concept of extraordinary items. Although the amendment will eliminate the requirements for reporting entities to consider whether an underlying event or transaction is extraordinary, the presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual in nature and infrequently occurring.  ASU No. 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. On January 1, 2016, the Partnership adopted ASU 2015-01 and the adoption had no impact on the Partnership's consolidated financial statements.

In February 2015, FASB issued ASU 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis" (“ASU 2015-02”), which makes certain changes to both the variable interest model and the voting model, including changes to (1) the identification of variable interests (fees paid to a decision maker or service provider), (2) the variable interest
entity characteristics for a limited partnership or similar entity and (3) the primary beneficiary determination. ASU 2015-02 is effective for the Partnership beginning January 1, 2016. On January 1, 2016, the Partnership adopted ASU 2015-02 and the adoption had no impact on the Partnership's consolidated financial statements.

In April 2015, FASB issued ASU 2015-03, "Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03"), which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected. Upon adoption, the Partnership applied the new guidance on a retrospective basis and adjusted the balance sheet of each individual period presented to reflect the period-specific effects of applying the new guidance. This guidance was effective and was adopted by the Partnership on January 1, 2016 and as result the Partnership has reclassified $261,000 of unamortized debt issuance costs at December 31, 2015 from deferred financing costs to liabilities as reduction of the related mortgage notes payable

In September 2015, FASB issued ASU 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments" ("ASU 2015-16"), which eliminates the requirement to retroactively revise comparative financial information for prior periods presented in financial statements due to changes in provisional amounts recorded for acquisitions in subsequent periods. Upon adoption, disclosure of the amounts recorded in current-period earnings that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized at the acquisition date are required. ASU 2015-16 was effective and adopted by the Partnership on January 1, 2016 and the adoption had no impact on its consolidated financial statements.

RESOURCE REAL ESTATE INVESTORS 7, L.P.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
JUNE 30, 2016
(unaudited)

Accounting Standards Issued But Not Yet Effective.

In May 2014, FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” ("ASU No. 2014-09"), which will replace most existing revenue recognition guidance in GAAP.  The core principle of ASU No. 2014-09 is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services.  ASU No. 2014-09 requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. ASU No. 2014-09 will be effective for the Partnership beginning January 1, 2018, including interim periods in 2018, and allows for both retrospective and prospective methods of adoption. The Partnership is in the process of determining the method of adoption and assessing the impact of this guidance on the Partnership’s consolidated financial position, results of operations and cash flows.

In August 2014, FASB issued ASU No. 2014-15, "Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern" ("ASU No. 2014-15"). Under the new guidance, an entity should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. The guidance is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early adoption is permitted. The adoption of the new requirements is not expected to have a significant impact on the Partnership's consolidated financial statements.

In February 2016, FASB issued ASU No. 2016-02, "Leases" ("ASU No. 2016-02"). which is intended to improve financial reporting about leasing transactions and requires organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. ASU No. 2016-02 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Partnership is continuing to evaluate this guidance; however, it does not expect the adoption of ASU No. 2016-02 to have a significant impact on its consolidated financial statements.

In June 2016, FASB issued ASU No. 2016-13 “Financial Instruments - Credit Losses” ("ASU No. 2016-13") which requires measurement and recognition of expected credit losses for financial assets held. The standard update is effective for the Company beginning January 1, 2019. The Company is continuing to evaluate this guidance; however, it does not expect the adoption of ASU No. 2016-13 to have a significant impact on its consolidated financial statements.
NOTE 3 - RESTRICTED CASH
Restricted cash represents escrow deposits with lenders to be used to pay real estate taxes, insurance, and capital improvements.  A summary of the components of restricted cash follows (in thousands):
 
June 30,
2016
 
December 31,
2015
Real estate taxes
$
510

 
$
1,034

Insurance
77

 
180

Capital improvements
437

 
386

Total
$
1,024

 
$
1,600

NOTE 4 - MORTGAGE NOTES PAYABLE, NET
The following is a summary of mortgage notes payable, net (in thousands):
 
 
June 30, 2016
 
December 31, 2015
     Property
 
Mortgage balance
 
Deferred Finance Costs, Net (1)
 
Carrying Value
 
Mortgage balance
 
Deferred Finance Costs, Net(1)
 
Carrying Value
Bent Oaks
 
$
5,685

 
$
(42
)
 
$
5,643

 
$
5,731

 
$
(50
)
 
$
5,681

Cape Cod
 
5,903

 
(42
)
 
5,861

 
5,951

 
(51
)
 
5,900

Woodhollow
 
4,878

 
(36
)
 
4,842

 
4,916

 
(43
)
 
4,873

Village
 
9,203

 
(99
)
 
9,104

 
9,293

 
(117
)
 
9,176

Total
 
$
25,669

 
$
(219
)
 
$
25,450

 
$
25,891

 
$
(261
)
 
$
25,630


RESOURCE REAL ESTATE INVESTORS 7, L.P.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
JUNE 30, 2016
(unaudited)

(1) Deferred financing costs include unamortized costs incurred to obtain financing which are being amortized over the term of the related debt.  
The following table includes additional information about the Partnership's mortgage notes payable, net (in thousands):
     Property
 
Maturity
Date
 
Annual
Interest Rate
 
Monthly
Debt Service
 
Bent Oaks
 
01/01/2019
(2) 
5.99%
 
$
37

(1) 
Cape Cod
 
01/01/2019
(2) 
5.91%
 
$
38

(1) 
Woodhollow
 
01/01/2019
(2) 
6.14%
 
$
32

(1) 
Village
 
04/01/2019
 
3.76%
 
$
44

(1) 

(1)
Monthly payment includes principal and interest. Interest is at a fixed rate.
(2)
The Partnership has an option to extend the maturity date for an additional one year to January 1, 2020. During the extension
period, the interest rate would convert to the Federal Home Loan Mortgage Corporation Bill Index Rate plus 2.5%.

Annual contractual principal payments on the mortgage notes payable for the future years ending June 30, are as follows (in thousands):
2017
 
466

2018
 
491

2019
 
24,712

 
 
$
25,669

The mortgage notes payable are with recourse only to the Properties securing them subject to certain limited standard exceptions, as defined in the mortgage notes, which the GP has guaranteed with respect to each property.  These exceptions are referred to as “carveouts”.  In general, carveouts relate to damages suffered by the lender for a subsidiary’s failure to pay rents, insurance or condemnation proceeds to the lender, to pay water, sewer and other public assessments or charges, to pay environmental compliance costs or to deliver books and records, in each case as required in the loan documents.  The exceptions also require the GP to guarantee payment of audit costs, lender’s enforcement of its rights under the loan documents and payment of the loan if the subsidiary voluntarily files for bankruptcy or seeks reorganization, or if a related party of the subsidiary does so with respect to the subsidiary.
Deferred financing costs include unamortized costs incurred to obtain financing which are being amortized over the term of the related debt.  Accumulated amortization as of June 30, 2016 and December 31, 2015 was $528,000 and $486,000, respectively.  Estimated amortization of existing deferred financing costs for the next three years ending June 30, is as follows (in thousands):
2017
$
83

2018
81

2019
55

 
$
219




RESOURCE REAL ESTATE INVESTORS 7, L.P.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
JUNE 30, 2016
(unaudited)

NOTE 5 - CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS
     In the ordinary course of its business operations, the Partnership has ongoing relationships with several related entities.
Substantially all of the receivables from related parties represents escrow funds held by RAI for self insurance. The Partnership's properties participate in insurance pools with other properties directly and indirectly managed by RAI for both property insurance and general liability. RAI holds the escrow funds related to the insurance pools on its books. The pool for the property insurance covers losses up to $2.5 million and the pool for the general liability covers losses up to the first $50,000 per incident. Catastrophic insurance would cover property losses in excess of the insurance pool up to $140 million. Therefore, unforeseen or catastrophic losses in excess of the Partnership's insured limits could have a material adverse effect on the Partnership's financial condition and operating results. In the three months ended June 30, 2016, the Partnership funded $136,523 into the insurance pools.
On May 22, 2016, RAI agreed to be acquired by C-III Capital Partners LLC ("C-III"), a leading commercial real estate services company engaged in a broad range of activities.  The proposed merger is expected to close late in the third quarter of 2016 and is subject to approval by the stockholders RAI, regulatory approvals and other customary closing conditions. Upon closing of the transaction, C-III will control RCP and all of the partnership units of the Partnership currently owned by RCP. 
RCP is entitled to receive an annual investment management fee, payable monthly, equal to 1% of the gross offering proceeds that have been deployed in real estate investments from the offering of partnership units, net of any amounts otherwise attributable to LP interests owned by RCP.  During the term of the Partnership, RCP must subordinate up to 100% of its annual investment management fee to the receipt by the LPs of their Preferred Return.  As of June 30, 2016 and December 31, 2015, the amount of unpaid subordinated investment management fees totaled $108,000 and $15,000, respectively. During the six months ended June 30, 2016 and 2015 the Partnership paid investment management fees totaling $0 and $1.9 million, respectively.
A wholly-owned subsidiary of RCP, Resource Real Estate Management, LLC (“RREML”) is entitled to receive property and debt management fees. RREML engaged Resource Real Estate Management, Inc (“RREMI”), an indirect wholly owned subsidiary of RAI, to manage the Partnership’s Properties. As of June 30, 2016 and December 31, 2015, property management fees due totaled $68,000 and $62,000, respectively. Because the Partnership has not acquired any real estate debt investments, there were no debt management fees as of June 30, 2016 and December 31, 2015.
During the ordinary course of business, RCP and RREMI advance funds for ordinary operating expenses on behalf of the Properties. As of June 30, 2016 and December 31, 2015, advances due totaled $36,000 and $61,000, respectively. Total reimbursable operating expenses incurred during the three months ended June 30, 2016 and June 30, 2015 were $427,000 and $573,000, respectively. Total reimbursable operating expenses incurred during the six months ended June 30, 2016 and June 30, 2015 were $822,000 and $1.1 million, respectively. Reimbursed expenses include payroll and miscellaneous operating expenses. Reimbursed operating expenses are included in property rental operating expenses in the consolidated statements of operations.
The Partnership pays investment management fees and property management fees to related parties.  These expenses are summarized as follows (in thousands):
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
 
2016
 
2015
 
2016
 
2015
 
RCP:
 
 
 
 
 
 
 
 
    Investment management fees (1)
$
46

 
$
59

 
$
92

 
$
137

 
 
 
 
 
 
 
 
 
 
RREML:
 

 
 

 
 
 
 
 
    Property management fees - 5% of gross cash receipts (2)
99

 
119

 
$
201

 
274

 
 
$
145

 
$
178

 
$
293

 
$
411

 

(1) RCP is entitled to receive an annual investment management fee, payable monthly, equal to 1% of the gross proceeds that have been deployed in real estate investments from the offering of partnership units, net of any LP interest owned by RCP. During the term of the Partnership, RCP must subordinate up to 100% of its annual investment management fee to the receipt by the LPs of their Preferred Return.
(2) RREML is entitled to receive monthly property management fees equal to 5% of the gross operating revenues from the Partnership’s 100% owned Properties for managing or obtaining and supervising third party managers.

RESOURCE REAL ESTATE INVESTORS 7, L.P.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
JUNE 30, 2016
(unaudited)


NOTE 6 - FAIR VALUE OF FINANCIAL INSTRUMENTS
In analyzing the fair value of its financial instruments disclosed or accounted for on a fair value basis, the Partnership follows the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.  The Partnership determines fair value based on quoted prices when available or, if quoted prices are not available, through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the financial instruments.  The fair value of cash, tenant receivables and accounts payable approximate their carrying values due to their short term nature.  The hierarchy followed defines three levels of inputs that may be used to measure fair value:
Level 1 - Quoted prices in active markets for identical assets that the reporting entity has the ability to access at the measurement date. 
Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or can be corroborated with observable market data for substantially the entire contractual term of the asset.
Level 3 - Unobservable inputs that reflect the entity’s own assumptions about the assumptions that market participants would use in the pricing of the asset and are consequently not based on market activity, but rather through particular valuation techniques.
The following methods and assumptions were used to estimate the fair value of the Partnership’s financial instruments:
•
Mortgage notes payable.  Rates currently available to the Partnership for debt with similar terms and remaining maturities are used to estimate the fair value of existing debt.
The estimated fair value measurements of the mortgage notes payable are classified within level 3 of the fair value hierarchy.
The carrying amounts and estimated fair values of the Partnership’s financial instruments were as follows (in thousands):
 
June 30, 2016
 
December 31, 2015
 
Mortgage Balance
 
Estimated Fair Value
 
Mortgage Balance
 
Estimated Fair Value
Mortgage notes payable:
 
 
 
 
 
 
 
Bent Oaks
5,685

 
6,157

 
5,731

 
6,121

Cape Cod
5,903

 
6,380

 
5,951

 
6,343

Woodhollow
4,878

 
5,264

 
4,916

 
5,234

Village
9,203

 
9,365

 
9,293

 
9,305

Total mortgage notes payable
$
25,669

 
$
27,166

 
$
25,891

 
$
27,003


NOTE 7 - DISPOSITION OF PROPERTIES
The following table presents details of the Partnership's disposition activity during the year ended December 31, 2015 (in thousands):
Multifamily Community
 
Location
 
Sale Date
 
Contract Sales Price
 
Gain on Sale
2015 Dispositions:
 
 
 
 
 
 
 
 
RRE Woodland Hills Holdings, LLC (“Hills”)
 
Decatur, Georgia
 
3/19/2015
 
$
25,200

 
$
9,603

RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (“Tamarlane”)
 
Portland, Maine
 
12/1/2015
 
18,300

 
8,042

 
 
 
 
 
 
 
 
$
17,645


RESOURCE REAL ESTATE INVESTORS 7, L.P.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
JUNE 30, 2016
(unaudited)

The table below presents the revenues and net income (loss) attributable to properties sold for the three and six months ended June 30, 2015 (in thousands):
 
 
Revenue Attributable to Properties Sold
 
Net Income Attributable to Properties Sold
Multifamily Community
 
Three months ended June 30, 2015
 
Six months ended June 30, 2015
 
Three months ended June 30, 2015
 
Six months ended June 30, 2015
2015 Dispositions:
 
 
 
 
 
 
 
 
RRE Woodland Hills Holdings, LLC (“Hills”)
 
$
1

 
$
602

 
$
8

 
$
151

RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (“Tamarlane”)
 
495

 
964

 
62

 
58

 
 
$
496

 
$
1,566

 
$
70

 
$
209


There were no dispositions for the three and six months ended June 30, 2016.

NOTE 8 - SUBSEQUENT EVENTS

On July 14, 2016, the Partnership signed a contract to sell Woodland Village Apartments for $20.7 million. On July 28, 2016, the Partnership signed a contract to sell Bent Oaks Apartments for $15.7 million and Woodhollow Apartments for $12.6 million. We expect to record gains on the sales during the three months ended September 30, 2016.

The Partnership has evaluated subsequent events through the date these consolidated financial statements were issued and determined that no events, other than those disclosed above, have occurred which would require an adjustment to the consolidated financial statements.



ITEM 2.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (unaudited)
This report contains certain forward-looking statements.  Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts.  In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “could,” “estimate,” “expects,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “will” and “would” or the negative of these terms or other comparable terminology.  Such statements are subject to the risks and uncertainties inherent in partnerships that invest in real estate and real estate assets, including those referred to in our filings under the Securities Exchange Act of 1934.  These risks and uncertainties could cause actual results to differ materially.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.  We undertake no obligation to publicly revise or update these forward-looking statements to reflect events or circumstances after the date of this report, except as may be required under applicable law.

Overview
We are a Delaware limited partnership that was formed on March 28, 2008 and commenced operations on June 16, 2008.  Through wholly owned subsidiaries, we own in fee, operate and invest in multifamily residential rental properties located in South Carolina and Texas, which we refer to as our Properties.   We also may invest in interests in real estate mortgages and other debt instruments that are secured, directly or indirectly, by a multifamily residential rental property or an interest in an entity that directly owns such a property.  As of June 30, 2016, we did not own any real estate debt investments.  If we were to acquire mortgages or other real estate debt investments in the future, these investments would be in an amount that would not cause us to become an investment company within the meaning of Section 3(a)(1) of the Investment Company Act of 1940.
We have begun the process of dissolution through the strategic disposal of assets. As of June 30, 2016, we own four multifamily residential rental Properties through our 100% owned subsidiaries. On March 19, 2015, the Partnership sold its interest in Woodland Hills. On December 1, 2015, the Partnership sold its interest in Tamarlane. The remaining assets are expected to be disposed of later in 2016.
The following table presents our multifamily residential rental properties:
Subsidiary / Property
 
Purchase
Date
 
Leverage
Ratio (1)
 
Number
of Units
 
Property
Location
RRE Tamarlane Holdings, LLC, or Tamarlane (2)
 
07/31/2008
 
—
 
—
 
—
RRE Bent Oaks Holdings, LLC, or Bent Oaks (4)
 
12/10/2008
 
57%
 
146
 
Austin, TX
RRE Cape Cod Holdings, LLC, or Cape Cod
 
12/10/2008
 
57%
 
212
 
San Antonio, TX
RRE Woodhollow Holdings, LLC, or Woodhollow (5)
 
12/12/2008
 
60%
 
108
 
Austin, TX
RRE Woodland Hills Holdings, LLC, or Hills (3)
 
12/19/2008
 
—
 
—
 
—
RRE Woodland Village Holdings, LLC, or Village (6)
 
03/07/2012
 
77%
 
308
 
Columbia, SC
 
 
 
 
 
 
774
 
 
 
(1) Original face value of mortgage divided by total property capitalization, including reserves, escrows, fees and closing costs.
(2) Tamarlane, a 115 unit multifamily apartment complex in Maine, was sold on December 1, 2015.
(3) The Hills, a 228 unit multifamily apartment complex in Georgia, was sold on March 19, 2015.
(4) As of July 28, 2016, under contract of sale for a price of $15.7 million.
(5) As of July 28, 2016, under contract of sale for a price of $12.6 million.
(6) As of July 14, 2016, under contract of sale for a price of $20.7 million.




The following table sets forth operating statistics about our multifamily residential rental properties. This table does not include information with respect to two properties, Woodland Hills and Tamarlane, which were sold during fiscal year 2015:

 
 
Average
Occupancy Rate (1)
 
Average Effective Rent
per Square Foot (2)
 
Ratio of Operating
Expense to Revenue (3)
 
 
Three Months Ended 
 June 30,
 
Three Months Ended 
 June 30,
 
Three Months Ended 
 June 30,
Property
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Bent Oaks
 
91.9
%
 
91.3
%
 
$
1.25

 
$
1.21

 
56
%
 
57
%
Cape Cod
 
93.9
%
 
96.3
%
 
$
1.05

 
$
1.01

 
63
%
 
57
%
Woodhollow
 
94.3
%
 
93.1
%
 
$
1.13

 
$
1.05

 
59
%
 
63
%
Village
 
93.0
%
 
95.5
%
 
$
0.57

 
$
0.55

 
61
%
 
60
%

 
 
Average
Occupancy Rate (1)
 
Average Effective Rent
per Square Foot (2)
 
Ratio of Operating
Expense to Revenue (3)
 
 
Six Months Ended June 30, 2016
 
Six Months Ended June 30, 2016
 
Six Months Ended June 30, 2016
Property
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Bent Oaks
 
92.3
%
 
91.4
%
 
$
1.25

 
$
1.20

 
60
%
 
55
%
Cape Cod
 
94.3
%
 
93.5
%
 
$
1.05

 
$
0.98

 
62
%
 
55
%
Woodhollow
 
93.8
%
 
93.7
%
 
$
1.11

 
$
1.05

 
60
%
 
61
%
Village
 
93.6
%
 
94.6
%
 
$
0.56

 
$
0.55

 
61
%
 
58
%
 
(1)
Number of occupied units divided by total units adjusted for any unrentable units; average calculated on a weekly basis.
(2)
Average rental revenue divided by total rentable square footage.  We calculate average rental revenue by dividing gross rental revenue by the number of months in the period.
(3)
Rental operating expenses, excluding certain one-time expenses funded from reserves for capital expenditures, and general and administrative expenses, excluding asset management fees and transaction expenses, as a percentage of rental income, excluding any adjustment for concessions.
Results of Operations
We generate our income from the net revenues we receive from our Properties. In addition to the rental revenues we also generate funds from the sales or refinancing of our Properties as seen with the sale of the Hills in the first quarter of 2015 and the sale of Tamarlane in the fourth quarter of 2015. Should economic conditions in the areas in which our remaining Properties are located deteriorate, we could experience lower occupancy, lower rental revenues and higher operating costs, all of which could harm our operations and financial condition, reduce the value of our Properties and limit our ability to make distributions to our limited partners.
Our operating results and cash flows from our Properties are affected by four principal factors:
•
occupancy and rental rates,
•
property operating expenses,
•
interest rates on the related financing,
•
capital expenditures, and
•
net proceeds from property dispositions.
The amount of rental revenues from our Properties depends upon their occupancy rates and concessions granted.  We seek to maximize our rental revenues through aggressive property-level programs, including, in particular, our Lease Rent Optimizer, or LRO, program which includes rent concessions.  Under our LRO program, we seek to price our rents for apartment units on a daily basis, based upon inventory in the marketplace and competitors’ pricing.  Our Properties experienced an overall increase in the average occupancy rate during the six months ended June 30, 2016 of approximately 0.2% with an average occupancy of 93.5% as compared to an average occupancy rate of 93.3% during the same period of 2015. Our Properties


experienced an overall increase in the average effective rent per square foot of $0.04 during the six months ended June 30, 2016 compared to the same period in 2015 for the same Properties.
We seek to control operating expenses through our General Partner’s automated purchase order system that compares actual to budgeted expenses and requires management approval of variances, and through the use of third-party service providers to seek best available pricing.
Our existing financing is at fixed rates of interest and, accordingly, our interest cost has remained relatively stable during
the period of our ownership of the Properties. Based upon current economic conditions we expect that our financing costs will
remain relatively stable during fiscal year 2016.

Three Months Ended June 30, 2016 Compared to Three Months Ended June 30, 2015
The following table sets forth the results of our operations for the periods indicated (in thousands, except per unit data):
 
 
June 30,
 
Increase (Decrease)
 
 
2016
 
2015
 
Amount
 
Percent
Revenues:
 
 
 
 
 
 
 
 

     Rental income
 
$
2,062

 
$
2,463

 
(401
)
 
(16
)%
 
 
 
 
 
 
 
 


Expenses:
 
 
 
 

 
 

 


     Rental operating
 
1,119

 
1,249

 
(130
)
 
(10
)%
     Management fees – related parties
 
145

 
182

 
(37
)
 
(20
)%
     General and administrative
 
81

 
138

 
(57
)
 
(41
)%
     Depreciation and amortization
 
376

 
497

 
(121
)
 
(24
)%
         Total expenses
 
1,721

 
2,066

 
(345
)
 
(17
)%
 
 
 
 
 
 
 
 
 
Income before other income (expense)
 
341

 
397

 
(56
)
 
(14
)%
 
 
 
 
 
 
 
 
 
Other income (expense):
 
 
 
 

 
 

 
 

     Interest expense, net
 
(358
)
 
(462
)
 
104

 
23
 %
        Total other income (expenses)
 
$
(358
)
 
$
(462
)
 
$
104

 
23
 %
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(17
)
 
$
(65
)
 
$
48

 
74
 %
 
 
 
 
 
 
 
 
 
Weighted average number of limited partner units outstanding
 
3,270

 
3,270

 
 

 
 

 
 
 
 
 
 
 
 
 
Net (loss) income per weighted average limited partner unit, basic and diluted
 
$
(0.01
)
 
$
(0.02
)
 
 

 
 

Revenues
We attribute the $401,000 decrease in revenues principally to the sale of Tamarlane property in the fourth quarter of 2015. During the three months ended June 30, 2015, revenue attributable to Tamarlane was $495,000. Average effective rent per square foot and occupancy rates have varied within our expected range.
Expenses
We attribute the $345,000 decrease in expenses principally to:

•
a $130,000 decrease in rental operating expenses primarily due to:

▪a $96,000 decrease in rental operating expenses due to sale of Tamarlane in the fourth quarter of 2015,

▪a $43,000 decrease in property and general liability insurance claims across the RAI managed portfolio, offset by


 
▪a $10,000 increase in real estate taxes primarily attributable to annual increases of real estate taxes.

•
a $37,000 decrease in management fees corresponding to the decrease in revenues attributable to the sale of Tamarlane.

•
a $57,000 decrease in general and administrative expenses attributable to the sale of Tamarlane.

•
a $121,000 decrease in depreciation and amortization related to the sale of Tamarlane.
Other income (expense)
•
a $104,000 decrease in other income (expense) is principally due to reduction of interest expense related to both the amortization of principal balances on our mortgage notes and the payoff of the Tamarlane mortgage in conjunction with the sale of that Property.

Six Months Ended June 30, 2016 Compared to Six Months Ended June 30, 2015
The following table sets forth the results of our operations for the periods indicated (in thousands, except per unit data):
 
 
June 30,
 
Increase (Decrease)
 
 
2016
 
2015
 
Amount
 
Percent
Revenues:
 
 
 
 
 
 
 
 

     Rental income
 
$
4,101

 
$
5,456

 
(1,355
)
 
(25
)%
 
 
 
 
 
 
 
 


Expenses:
 
 

 
 
 
 

 


     Rental operating
 
2,336

 
2,690

 
(354
)
 
(13
)%
     Management fees – related parties
 
293

 
411

 
(118
)
 
(29
)%
     General and administrative
 
289

 
338

 
(49
)
 
(14
)%
     Depreciation and amortization
 
753

 
995

 
(242
)
 
(24
)%
         Total expenses
 
3,671

 
4,434

 
(763
)
 
(17
)%
 
 
 
 
 
 
 
 
 
Income before other income (expense)
 
430

 
1,022

 
(592
)
 
(58
)%
 
 
 
 
 
 
 
 
 
Other income (expense):
 
 
 
 

 
 

 
 

     Interest expense, net
 
(716
)
 
(1,113
)
 
397

 
36
 %
     Gain on sale of rental property
 
10

 
9,603

 
(9,593
)
 
(100
)%
     Loss on disposal of fixed assets
 
(2
)
 
—

 
(2
)
 
—
 %
        Total other income (expenses)
 
$
(708
)
 
$
8,490

 
(9,198
)
 
(108
)%
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(278
)
 
$
9,512


(9,790
)
 
(103
)%
 
 
 
 
 
 
 
 
 
Weighted average number of limited partner units outstanding
 
3,270

 
3,270

 

 
 

 
 
 
 
 
 
 
 
 
Net (loss) income per weighted average limited partner unit, basic and diluted
 
$
(0.09
)
 
$
2.91

 
 

 
 

Revenues
We attribute the $1.4 million decrease in revenues principally to the sale of the Hills and Tamarlane properties in the


first and fourth quarters of 2015, respectively. During the six month ended June 30, 2015 revenue attributable the Hills and Tamarlane were $602,000 and $964,000, respectively. Average effective rent per square foot and occupancy rates have varied within our expected range.
Expenses
We attribute the $763,000 decrease in expenses principally to:
•
a $354,000 decrease in rental operating expenses primarily due to:
▪
a $8,000 decrease in property and general liability insurance claims across the RAI managed portfolio,

▪
a $289,000 decrease in rental operating expenses due to sale of the Hills and Tamarlane in the first and fourth quarters of 2015, respectively, and

▪
a $57,000 decrease in real estate taxes primarily attributable to the sale of the Hills and Tamarlane in the first and fourth quarters of 2015, respectively.
•
a $118,000 decrease in management fees corresponding to the decrease in revenues attributable to the sales of both the Hills and Tamarlane.
•
a $242,000 decrease in depreciation and amortization related to the sale of the Hills and Tamarlane.
Other income (expense)
•
a $9.2 million decrease in other income (expense) is principally due to the gain on sale of rental properties of $9.6 million realized on the sale of the Hills in the first quarter of 2015.
•
a $397,000 decrease in interest expense is related to the amortization of principal balances on our mortgage notes
and the payoff of both the Hills and Tamarlane mortgages upon the sales of the Properties.
Liquidity and Capital Resources
The following table sets forth our sources and uses of cash (in thousands):
 
 
Six Months Ended
 
 
June 30,
 
 
2016
 
2015
Net cash provided by (used in) operating activities (1)
 
$
127

 
$
(549
)
Net cash (used in) provided by investing activities
 
(276
)
 
11,759

Net cash used in financing activities
 
(691
)
 
(10,022
)
Net (decrease) increase in cash
 
$
(840
)
 
$
1,188

 
(1)
Includes changes in operating assets and liabilities.

Our liquidity needs consist principally of funds used to pay the Properties’ debt service, operating expenses, capital
expenditures and monthly distributions to the limited partners. Our ability to meet our liquidity needs will be subject to our ability to generate cash from both operations and sales, and to control property operating expenses. The ability to generate cash from operations will depend on the occupancy rates, rates charged to tenants compared with competing properties in the area and the ability of tenants to pay rent. Occupancy rates can fluctuate based on changes in local market conditions where the Properties are located such as: excessive building resulting in an oversupply of similar properties, deterioration of surrounding areas, a decrease in market rates or local economic conditions including unemployment rates. The rental rates charged to tenants compared to competing properties can be impacted by a lack of perceived safety, convenience and attractiveness of a property. We have retained a portion of the proceeds from the sales of the Hills and Tamarlane to ensure adequate operating liquidity for the remaining term of the Partnership, pay off related debt and make distributions to investors. We also have retained a portion of the proceeds from the sales of the Hills and Tamarlane to ensure adequate funding for any future capital expenditures which we may determine to be necessary to position the remaining properties for eventual sale.



The following table sets forth the capital expenditures incurred during the six months ended June 30, 2016, which are discretionary in nature (in thousands):
Subsidiaries
 
Capital
Expenditures
Bent Oaks
 
25

Cape Cod
 
17

Woodhollow
 
6

Village
 
188

Total
 
$
236

We have begun the process of dissolution through the strategic disposal of assets. As of June 30, 2016, we own four multifamily residential rental Properties through our 100% owned subsidiaries. Three of the remaining four assets are under contract to be sold in third quarter of 2016. The remaining assets, are expected to be disposed of in 2016.
In connection with the acquisitions of our Properties, we have $25.7 million carrying value of total mortgage financing outstanding. For information regarding mortgage financing with respect to each Property, see Note 4 of the notes to our consolidated financial statements.
Our payables to related parties consist of primarily of investment management fees due to our General Partner, payable monthly, equal to 1% of the gross offering proceeds, net of any limited partnership interest owned by the General Partner.  The General Partner must subordinate up to 100% of its annual investment management fee to the receipt by the limited partners of their Preferred Return. The limited partners partially received their Preferred Return during 2015 due to the sale of the Hills in the amount of $1.9 million. The investment management fee continues to accrue for the remaining rental properties.
The aggregate debt service requirement for all our loans on the four remaining assets for the twelve months ended June 30, 2017 is $1.8 million, including principal payments of $466,000. In addition to annual principal payments on the mortgage notes payable, total aggregate required escrow payments are $5.4 million through April 1, 2019.
Redemption of Units
We are permitted, in our General Partner’s sole discretion, to redeem units upon a unitholder’s request.  However, we have no obligation to redeem units at any time, and we can decline to redeem units for any reason.  Cumulatively through June 30, 2016, a total of 5,000 units have been redeemed at an aggregate price of $46,710, although no units were redeemed in the six months then ended.
Legal Proceedings
We are a party to various routine legal proceedings arising out of the ordinary course of our business.  Management believes that none of these actions, individually or in the aggregate, will have a material adverse effect on our financial condition or results of operations.
Critical Accounting Policies
The discussion and analysis of our financial condition and results of operations are based upon our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of our assets, liabilities, revenues and cost and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, we evaluate our estimates, including those related to certain accrued liabilities. We base our estimates on historical experience and on various other assumptions that we believe reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.
For a discussion of our critical accounting policies and estimates, see the discussion in our Annual Report on Form 10-K for the year ended December 31, 2015.


Off-Balance Sheet Arrangements
As of June 30, 2016 and December 31, 2015, we did not have any off-balance sheet arrangements or obligations, including contingent obligations, other than guarantees by the General Partner of certain limited standard expectations to the non-recourse nature of the mortgage notes which are secured by the Properties.
ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS
Omitted pursuant to Regulation S-K, Item 305(e).
ITEM 4.
CONTROLS AND PROCEDURES
Disclosure Controls
We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our periodic reports under the Securities Exchange Act of 1934, as amended, or the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our General Partner, including its chief executive officer and its chief financial officer, as appropriate, to allow timely decisions regarding required disclosure.  In designing and evaluating the disclosure controls and procedures, our management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and our management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.
Under the supervision of the chief executive officer and chief financial officer of our General Partner, we have carried out an evaluation of the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report.  Based upon that evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures are effective at the reasonable assurance level.
Changes in Internal Control over Financial Reporting
There has been no change in our internal control over financial reporting that occurred during the quarter ended June 30, 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.



RESOURCE REAL ESTATE INVESTORS 7, L.P.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
JUNE 30, 2016
(unaudited)

PART II

OTHER INFORMATION

ITEM 6.        EXHIBITS
Exhibit No.
 
Description
3.1
 
Amended and Restated Agreement of Limited Partnership. (1)
3.2
 
Certificate of Limited Partnership. (1)
4.1
 
Forms of letters sent to limited partners confirming their investment. (1)
10.1
 
Agreement of Purchase and Sale - Casco Bay Portfolio (Tamarlane) (incorporated by reference to the Partnership's Annual Report on Form 10-K filed March 29, 2016)
10.2
 
Agreement of Purchase and Sale - The Hills (incorporated by reference to the Partnership's Annual Report on Form 10-K filed March 29, 2016)
31.1
 
Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2
 
Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1
 
Certification of Chief Executive Officer pursuant to Section 1350 18 U.S.C., as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002.
32.2
 
Certification of Chief Financial Officer pursuant to Section 1350 18 U.S.C., as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002.
101.1
 
The following information from the Partnership's Quarterly Report on Form 10-Q for the quarter ended June 30, 2016, formatted in XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets; (ii) Consolidated Statements of Operations; (iii) Consolidated Statement of Changes in Partners' Capital; and (iv) Consolidated Statements of Cash Flows.
(1)
Filed previously as an exhibit to the Partnership’s registration statement on Form 10 for the year ended December 31, 2008 and by this reference incorporated herein.


RESOURCE REAL ESTATE INVESTORS 7, L.P.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
JUNE 30, 2016
(unaudited)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 
RESOURCE REAL ESTATE INVESTORS 7, L.P.
 
By:  Resource Capital Partners, Inc., its general partner
 
 
August 12, 2016
By:         /s/ Kevin M. Finkel
 
KEVIN M. FINKEL
 
President
 
(Principal Executive Officer)
August 12, 2016
By:        /s/ Steven R. Saltzman
 
STEVEN R. SALTZMAN
 
Vice President – Finance
 
(Principal Financial and Accounting Officer)


 EX-31.1 2 r7-20160331xex3112.htm EXHIBIT 31.1 Exhibit


EXHIBIT 31.1

CERTIFICATION

I, Kevin M. Finkel, certify that:
1)
I have reviewed this quarterly report on Form 10-Q for the quarter ended June 30, 2016 of Resource Real Estate Investors 7, L.P.;
2)
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3)
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4)
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5)
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
 
RESOURCE REAL ESTATE INVESTORS 7, L.P.
 
By:  Resource Capital Partners, Inc., its general partner
 
 
August 12, 2016
By:        /s/ Kevin M. Finkel
 
Kevin M. Finkel
 
President
 
(Principal Executive Officer)



 EX-31.2 3 r7-20160331xex3121.htm EXHIBIT 31.2 Exhibit


EXHIBIT 31.2

CERTIFICATION

I, Steven R. Saltzman, certify that:
1)
I have reviewed this quarterly report on Form 10-Q for the quarter ended June 30, 2016 of Resource Real Estate Investors 7, L.P.;
2)
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3)
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4)
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5)
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
 
RESOURCE REAL ESTATE INVESTORS 7, L.P.
 
By:  Resource Capital Partners, Inc., its general partner
 
 
August 12, 2016
By:          /s/ Steven R. Saltzman
 
Steven R. Saltzman
 
Vice President - Finance
 
(Principal Accounting Officer)



 EX-32.1 4 r7-20160331xex3211.htm EXHIBIT 32.1 Exhibit


EXHIBIT 32.1

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Resource Real Estate Investors 7, L.P. (“the Company”) on Form 10-Q for the quarter ended June 30, 2016 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Kevin M. Finkel, President of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
(1)
The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, and
(2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 
RESOURCE REAL ESTATE INVESTORS 7, L.P.
 
By:  Resource Capital Partners, Inc., its general partner
 
 
August 12, 2016
By:      /s/ Kevin M. Finkel
 
Kevin M. Finkel
 
President
 
(Principal Executive Officer)




 EX-32.2 5 r7-20160331xex3221.htm EXHIBIT 32.2 Exhibit


EXHIBIT 32.2

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Resource Real Estate Investors 7, L.P. (“the Company”) on Form 10-Q for the quarter ended June 30, 2016 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Steven R. Saltzman, Vice President - Finance of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
(1)
The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, and
(2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 
RESOURCE REAL ESTATE INVESTORS 7, L.P.
 
By:  Resource Capital Partners, Inc., its general partner
 
 
August 12, 2016
By:      /s/ Steven R. Saltzman
 
Steven R. Saltzman
 
Vice President - Finance
 
(Principal Accounting Officer)


 EX-101.INS 6 rsvn-20160811.xml XBRL INSTANCE DOCUMENT 0001486279 2016-01-01 2016-06-30 0001486279 2016-06-30 0001486279 2015-12-31 0001486279 2016-04-01 2016-06-30 0001486279 2015-01-01 2015-06-30 0001486279 2015-04-01 2015-06-30 0001486279 us-gaap:GeneralPartnerMember 2016-06-30 0001486279 us-gaap:LimitedPartnerMember 2016-01-01 2016-06-30 0001486279 us-gaap:GeneralPartnerMember 2015-12-31 0001486279 us-gaap:LimitedPartnerMember 2016-06-30 0001486279 us-gaap:LimitedPartnerMember 2015-12-31 0001486279 2014-12-31 0001486279 2015-06-30 0001486279 us-gaap:GeneralPartnerMember 2016-01-01 2016-06-30 0001486279 2016-02-01 2016-02-29 0001486279 2016-01-01 2016-03-31 0001486279 rsvn:RreCapeCodHoldingsLlcMember 2016-06-30 0001486279 rsvn:RreWoodlandHillsHoldingsLlcMember 2016-06-30 0001486279 rsvn:VillageMember 2016-06-30 0001486279 rsvn:RreBentOaksHoldingsLlcMember 2016-06-30 0001486279 rsvn:RreWoodhollowHoldingsLlcMember 2016-06-30 0001486279 rsvn:RreTamarlaneHoldingsLlcMember 2016-06-30 0001486279 us-gaap:DisposalGroupNotDiscontinuedOperationsMember rsvn:RreWoodlandHillsHoldingsLlcMember 2015-03-01 2015-03-31 0001486279 rsvn:RentalIncomeMember 2015-01-01 2015-06-30 0001486279 rsvn:RentalIncomeMember 2015-04-01 2015-06-30 0001486279 rsvn:RentalIncomeMember 2016-04-01 2016-06-30 0001486279 us-gaap:AssetsTotalMember us-gaap:GeographicConcentrationRiskMember stpr:SC 2016-01-01 2016-06-30 0001486279 rsvn:AccountingStandardsUpdate201503Member us-gaap:OtherAssetsMember 2015-12-31 0001486279 us-gaap:AssetsTotalMember us-gaap:GeographicConcentrationRiskMember stpr:TX 2016-01-01 2016-06-30 0001486279 rsvn:RreTamarlaneHoldingsLlcMember 2015-12-01 0001486279 rsvn:RreWoodlandHillsHoldingsLlcMember 2015-03-19 0001486279 rsvn:RentalIncomeMember 2016-01-01 2016-06-30 0001486279 rsvn:AccountingStandardsUpdate201503Member us-gaap:NotesPayableOtherPayablesMember 2015-12-31 0001486279 us-gaap:BuildingAndBuildingImprovementsMember us-gaap:MinimumMember 2016-01-01 2016-06-30 0001486279 rsvn:PersonalPropertyMember us-gaap:MaximumMember 2016-01-01 2016-06-30 0001486279 us-gaap:BuildingAndBuildingImprovementsMember us-gaap:MaximumMember 2016-01-01 2016-06-30 0001486279 rsvn:PersonalPropertyMember us-gaap:MinimumMember 2016-01-01 2016-06-30 0001486279 rsvn:InsuranceMember 2016-06-30 0001486279 rsvn:CapitalImprovementsMember 2015-12-31 0001486279 rsvn:RealEstateTaxMember 2016-06-30 0001486279 rsvn:InsuranceMember 2015-12-31 0001486279 rsvn:CapitalImprovementsMember 2016-06-30 0001486279 rsvn:RealEstateTaxMember 2015-12-31 0001486279 rsvn:RreBentOaksHoldingsLlcMember us-gaap:MortgagesMember 2016-06-30 0001486279 rsvn:RreCapeCodHoldingsLlcMember us-gaap:MortgagesMember 2016-01-01 2016-06-30 0001486279 rsvn:RreBentOaksHoldingsLlcMember us-gaap:MortgagesMember 2016-01-01 2016-06-30 0001486279 rsvn:RreCapeCodHoldingsLlcMember us-gaap:MortgagesMember 2016-06-30 0001486279 rsvn:RreWoodhollowHoldingsLlcMember us-gaap:MortgagesMember 2016-01-01 2016-06-30 0001486279 rsvn:VillageMember us-gaap:MortgagesMember 2016-01-01 2016-06-30 0001486279 rsvn:VillageMember us-gaap:MortgagesMember 2016-06-30 0001486279 rsvn:RreWoodhollowHoldingsLlcMember us-gaap:MortgagesMember 2016-06-30 0001486279 us-gaap:MortgagesMember 2016-06-30 0001486279 rsvn:RreWoodhollowHoldingsLlcMember us-gaap:MortgagesMember 2015-12-31 0001486279 rsvn:RreBentOaksHoldingsLlcMember us-gaap:MortgagesMember 2015-12-31 0001486279 rsvn:VillageMember us-gaap:MortgagesMember 2015-12-31 0001486279 us-gaap:MortgagesMember 2015-12-31 0001486279 rsvn:RreCapeCodHoldingsLlcMember us-gaap:MortgagesMember 2015-12-31 0001486279 rsvn:RreBentOaksHoldingsLlcMember us-gaap:MortgagesMember us-gaap:LondonInterbankOfferedRateLIBORMember 2016-01-01 2016-06-30 0001486279 rsvn:RreWoodhollowHoldingsLlcMember us-gaap:MortgagesMember us-gaap:LondonInterbankOfferedRateLIBORMember 2016-01-01 2016-06-30 0001486279 rsvn:RreCapeCodHoldingsLlcMember us-gaap:MortgagesMember us-gaap:LondonInterbankOfferedRateLIBORMember 2016-01-01 2016-06-30 0001486279 us-gaap:GeneralPartnerMember 2016-01-01 2016-06-30 0001486279 us-gaap:GeneralPartnerMember 2015-01-01 2015-06-30 0001486279 us-gaap:SubsidiaryOfCommonParentMember 2016-01-01 2016-06-30 0001486279 us-gaap:SubsidiaryOfCommonParentMember 2015-01-01 2015-06-30 0001486279 us-gaap:GeneralPartnerMember 2016-04-01 2016-06-30 0001486279 us-gaap:GeneralPartnerMember 2015-04-01 2015-06-30 0001486279 us-gaap:SubsidiaryOfCommonParentMember 2016-04-01 2016-06-30 0001486279 us-gaap:SubsidiaryOfCommonParentMember 2015-04-01 2015-06-30 0001486279 us-gaap:SubsidiaryOfCommonParentMember 2015-12-31 0001486279 rsvn:ReimbursedExpensesIncludingPayrollandMiscellaneousOperatingExpensesMember rsvn:RcpAndRremiMember 2016-01-01 2016-06-30 0001486279 us-gaap:SubsidiaryOfCommonParentMember 2016-06-30 0001486279 rsvn:ReimbursedExpensesIncludingPayrollandMiscellaneousOperatingExpensesMember rsvn:RcpAndRremiMember 2015-04-01 2015-06-30 0001486279 rsvn:RcpAndRremiMember 2015-12-31 0001486279 us-gaap:GeneralPartnerMember 2016-06-30 0001486279 rsvn:InvestmentManagementFeesMember us-gaap:GeneralPartnerMember 2015-01-01 2015-06-30 0001486279 rsvn:ReimbursedExpensesIncludingPayrollandMiscellaneousOperatingExpensesMember rsvn:RcpAndRremiMember 2016-04-01 2016-06-30 0001486279 us-gaap:GeneralPartnerMember 2015-12-31 0001486279 rsvn:InvestmentManagementFeesMember us-gaap:GeneralPartnerMember 2016-01-01 2016-06-30 0001486279 rsvn:ReimbursedExpensesIncludingPayrollandMiscellaneousOperatingExpensesMember rsvn:RcpAndRremiMember 2015-01-01 2015-06-30 0001486279 rsvn:RcpAndRremiMember 2016-06-30 0001486279 rsvn:VillageMember us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2015-12-31 0001486279 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2015-12-31 0001486279 rsvn:RreWoodhollowHoldingsLlcMember us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2015-12-31 0001486279 rsvn:RreBentOaksHoldingsLlcMember us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2016-06-30 0001486279 rsvn:RreCapeCodHoldingsLlcMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2015-12-31 0001486279 us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2016-06-30 0001486279 rsvn:VillageMember us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2016-06-30 0001486279 rsvn:RreWoodhollowHoldingsLlcMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2015-12-31 0001486279 rsvn:RreCapeCodHoldingsLlcMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2016-06-30 0001486279 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2016-06-30 0001486279 rsvn:RreWoodhollowHoldingsLlcMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2016-06-30 0001486279 rsvn:VillageMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2016-06-30 0001486279 rsvn:RreWoodhollowHoldingsLlcMember us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2016-06-30 0001486279 rsvn:VillageMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2015-12-31 0001486279 us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2015-12-31 0001486279 rsvn:RreBentOaksHoldingsLlcMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2016-06-30 0001486279 rsvn:RreCapeCodHoldingsLlcMember us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2016-06-30 0001486279 rsvn:RreBentOaksHoldingsLlcMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2015-12-31 0001486279 rsvn:RreCapeCodHoldingsLlcMember us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2015-12-31 0001486279 rsvn:RreBentOaksHoldingsLlcMember us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2015-12-31 0001486279 rsvn:RreWoodlandHillsHoldingsLlcMember 2015-03-19 2015-03-19 0001486279 rsvn:RreWoodlandHillsHoldingsLlcMember 2015-03-19 0001486279 2015-01-01 2015-12-31 0001486279 rsvn:TamarlaneMember 2015-12-01 0001486279 rsvn:TamarlaneMember 2015-12-01 2015-12-01 0001486279 rsvn:TamarlaneMember 2015-01-01 2015-06-30 0001486279 rsvn:TamarlaneMember 2015-04-01 2015-06-30 0001486279 rsvn:RreWoodlandHillsHoldingsLlcMember 2015-01-01 2015-06-30 0001486279 rsvn:RreWoodlandHillsHoldingsLlcMember 2015-04-01 2015-06-30 0001486279 rsvn:RreWoodhollowHoldingsLlcMember us-gaap:SubsequentEventMember 2016-07-28 0001486279 rsvn:RreBentOaksHoldingsLlcMember us-gaap:SubsequentEventMember 2016-07-28 0001486279 rsvn:VillageMember us-gaap:SubsequentEventMember 2016-07-14 xbrli:shares iso4217:USD xbrli:pure iso4217:USD xbrli:shares rsvn:Unit false --12-31 Q2 2016 2016-06-30 10-Q 0001486279 0 Smaller Reporting Company Resource Real Estate Investors 7, L.P. 0.01 P1Y 0.20 0.80 1 1 0.20 0.80 1 83000 55000 81000 1 50000 140000000 136523 2500000 1 1 0.0562 0.0562 1 1 0.01 0.05 228 115 P1Y P1Y P1Y P2Y P1Y 1 0 304000 574000 427000 70000 20000 171000 216000 61000 62000 36000 68000 1132000 626000 486000 528000 39000 60000 22000 48000 0 0 81000 42000 38149000 36591000 4483000 5671000 6702000 5862000 1188000 -840000 0.34 0.66 0.025 0.025 0.025 5731000 5951000 4916000 9293000 25891000 5685000 5903000 4878000 9203000 25669000 0.0599 0.0591 0.0614 0.0376 2019-01-01 2019-01-01 2019-01-01 2019-04-01 37000 38000 32000 44000 261000 261000 50000 51000 43000 117000 261000 219000 42000 42000 36000 99000 219000 114000 65000 497000 995000 376000 753000 995000 753000 1249000 2690000 1119000 2336000 25200000 18300000 20700000 15700000 12600000 70000 8000 62000 209000 151000 58000 496000 1000 495000 1566000 602000 964000 9603000 8042000 0 0 17645000 0 -2000 9722000 469000 138000 212000 1551000 1630000 0 -2000 9603000 10000 9600000 0 9603000 0 10000 138000 338000 81000 289000 1000 0 304000 189000 -147000 8000 -50000 80000 45000 -1853000 74000 -28000 -5000 50000 78000 8000 49000 -451000 -506000 -258000 50000 -750000 -626000 5000 2000 462000 1113000 358000 716000 1100000 702000 116000 111000 31920000 32070000 4201000 4201000 27874000 27063000 38149000 36591000 5681000 5900000 4873000 9176000 25630000 25669000 5643000 5861000 4842000 9104000 25450000 466000 24712000 491000 12452000 0 -10022000 -691000 11759000 -276000 -549000 127000 -65000 9512000 -17000 -278000 -278000 -0.02 2.91 -0.01 -0.09 -462000 8490000 -358000 -708000 25630000 25450000 5731000 6121000 5951000 6343000 4916000 5234000 9293000 9305000 25891000 27003000 5685000 6157000 5903000 6380000 4878000 5264000 9203000 9365000 25669000 27166000 774 146 212 0 108 0 308 2066000 4434000 1721000 3671000 397000 1022000 341000 430000 4300000 56000 0 2463000 5456000 2062000 4101000 206000 408000 233000 456000 1497000 1497000 10275000 1000 10274000 9528000 1000 9527000 469000 469000 3269655 3269655 182000 236000 71000 149000 11683000 10000 0.05 0.05 0.05 0.05 P15Y P3Y P27Y6M P5Y 9634000 10382000 39169000 39398000 29535000 29016000 182000 411000 145000 293000 178000 411000 145000 293000 15000 108000 573000 59000 119000 1900000 1100000 137000 274000 427000 46000 99000 0 822000 92000 201000 300000 222000 1600000 386000 180000 1034000 1024000 437000 77000 510000 170000 172000 3270000 3270000 3270000 3270000 <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Redemptions</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The LPs may request redemption of their units at any time.&#160;&#160;The Partnership has no obligation to redeem any units and will do so only at the GP&#8217;s discretion.&#160;&#160;If the Partnership redeems units, the redemption price is generally the amount of the initial investment less all distributions from the Partnership to the LP, and less all organization and offering expenses charged to the LP.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Rental Properties</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rental properties are carried at cost, net of accumulated depreciation.&#160;&#160;Buildings and improvements and personal property are depreciated for financial reporting purposes on the straight-line method over their estimated useful lives.&#160;&#160;The value of in-place leases is amortized over the average remaining term of the respective leases on a straight-line basis.&#160;&#160;Useful lives used for calculating depreciation for financial reporting purposes are as follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:20%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buildings and improvements</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5 - 27.5 years</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Personal property</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3 - 15 years</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sale of the Rental Property </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership recognized the gains on sales of rental properties separately in the Consolidated Statement of Operations.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Advertising</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership expenses advertising costs as they are incurred.&#160;&#160;Advertising costs, which are included in rental operating expenses</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of the significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows:</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Principles of Consolidation</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:60px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements include the accounts of the Partnership and its wholly-owned subsidiaries, as follows:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Number </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">of Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Location</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (&#8220;Tamarlane&#8221;) </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Bent Oaks Holdings, LLC, or Bent Oaks Apartments (&#8220;Bent Oaks&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Austin, TX</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Cape Cod Holdings,&#160;&#160;LLC, or Cape Cod Apartments (&#8220;Cape Cod&#8221;)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">212</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">San Antonio, TX</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Woodhollow Holdings, LLC, or Woodhollow Apartments (&#8220;Woodhollow&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Austin, TX</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Woodland Hills Holdings, LLC (&#8220;Hills&#8221;) </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Woodland Village Holdings, LLC, or Woodland Village Apartments (&#8220;Village&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">308</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Columbia, SC</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">774</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:19.49317738791423%;border-collapse:collapse;text-align:left;"><tr><td colspan="1" rowspan="1"></td></tr><tr><td style="width:100%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:9pt;"> </font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1) Tamarlane, a </font><font style="font-family:inherit;font-size:9pt;">115</font><font style="font-family:inherit;font-size:9pt;"> unit multifamily apartment complex in Maine, was sold on December 1, 2015. </font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2) The Hills, a </font><font style="font-family:inherit;font-size:9pt;">228</font><font style="font-family:inherit;font-size:9pt;"> unit multifamily apartment complex in Georgia, was sold on March 19, 2015.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All intercompany transactions and balances have been eliminated in consolidation.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Assets Held for Sale</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership presents the assets and liabilities of any rental properties which qualify as held for sale, separately in the consolidated balance sheets. The Partnership does not consider the sale as probable until the purchase and sale agreement has been signed by both parties. Real estate assets held for sale are measured at the lower of carrying amount or fair value less cost to sell. Both the real estate and the corresponding liabilities are presented separately in the Consolidated Balance Sheets. Subsequent to classification of an asset as held for sale, no further depreciation is recorded. </font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Geographic Concentration Risk</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Partnership's net investments in real estate in Texas and South Carolina represented </font><font style="font-family:inherit;font-size:10pt;">66%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">34%</font><font style="font-family:inherit;font-size:10pt;">, respectively, of the Partnership&#8217;s total assets. As a result, the geographic concentration of the Partnership&#8217;s portfolio makes it particularly susceptible to adverse economic developments in the Texas and South Carolina real estate markets. Any adverse economic or real estate developments in these markets could adversely affect the Partnership&#8217;s operating results.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.&#160;&#160;The Partnership estimates the allowance for uncollectible receivables and loan losses and adjusts the balance quarterly.&#160;&#160;The Partnership also estimates the liability for real estate taxes on the properties and adjusts the balance quarterly if necessary. Actual results could differ from those estimates.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Supplemental Disclosure of Cash Flow Information</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">, the Partnership paid </font><font style="font-family:inherit;font-size:10pt;">$702,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.1 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, in cash for interest.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Advertising</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership expenses advertising costs as they are incurred.&#160;&#160;Advertising costs, which are included in rental operating expenses, totaled </font><font style="font-family:inherit;font-size:10pt;">$22,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$48,000</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$39,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$60,000</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Deferred Financing Costs</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs incurred to obtain financing have been capitalized and are being amortized over the term of the related debt using the effective yield method. In accordance with adoption of Financial Accounting Standard Board ("FASB") Accounting Standards Update ("ASU") 2015-03 "Simplifying the Presentation of Debt Issuance Costs", the Partnership has recorded deferred financing costs as a direct reduction of the related mortgage notes payable. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sale of the Rental Property </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership recognized the gains on sales of rental properties separately in the Consolidated Statement of Operations. In March 2015, the Partnership sold its interest in the Hills and recognized a gain of </font><font style="font-family:inherit;font-size:10pt;">$9.6 million</font><font style="font-family:inherit;font-size:10pt;"> on the sale.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Income Taxes</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income taxes or credits resulting from earnings or losses are payable by, or accrue to the benefit of, the partners; accordingly, no provision has been made for income taxes in these consolidated financial statements.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership evaluates the benefits of tax positions taken or expected to be taken in its tax returns under a two-step recognition and measurement process.&#160;&#160;Only the largest amount of benefits from the tax positions that will more likely than not be sustainable upon examination are recognized by the Partnership.&#160;&#160;The Partnership does not have any unrecognized tax benefits, nor interest and penalties, recorded in the Consolidated Balance Sheets or Consolidated Statements of Operations and does not anticipate significant adjustments to the total amount of unrecognized tax benefits within the next twelve months.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership is subject to examination by the U.S. Internal Revenue Service and by the taxing authorities in those states in which the Partnership has significant business operations.&#160;&#160;The Partnership is not currently undergoing any examinations by taxing authorities.&#160;&#160;The Partnership may be subject to U.S. federal income tax and state/local income tax examinations for years 2013 through 2015.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenue Recognition</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue is primarily derived from the rental of residential housing units with lease agreement terms of generally </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one year</font><font style="font-family:inherit;font-size:10pt;"> or less.&#160;&#160;The Partnership recognizes revenue in the period that rent is earned, which is on a monthly basis.&#160;&#160;The Partnership recognizes rent as income on a straight-line basis over the term of the related lease.&#160;&#160;Additionally, any incentives included in the lease are amortized on a straight-line basis over the term of the related lease.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Included within rental income are other income amounts such as utility reimbursements, late fees, parking fees, pet fees and lease application fees which are recognized when earned or received. For the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> other income totaled </font><font style="font-family:inherit;font-size:10pt;">$233,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$456,000</font><font style="font-family:inherit;font-size:10pt;">, respectively. For the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> other income totaled </font><font style="font-family:inherit;font-size:10pt;">$206,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$408,000</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The future minimum rental payments to be received from leases currently in place is approximately </font><font style="font-family:inherit;font-size:10pt;">$4.3 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$56,000</font><font style="font-family:inherit;font-size:10pt;"> for the twelve months ending </font><font style="font-family:inherit;font-size:10pt;">June 30,</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">, respectively, and </font><font style="font-family:inherit;font-size:10pt;">none</font><font style="font-family:inherit;font-size:10pt;"> thereafter.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Long-Lived Assets</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.&#160;&#160;If it is determined that an asset&#8217;s estimated future cash flows will not be sufficient to recover its carrying amount, an impairment charge will be recorded to reduce the carrying amount for that asset to its estimated fair value.&#160;The Partnership has estimated that the future cash flows from its properties will be sufficient to recover their</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">carrying amounts and, as a result, the Partnership did not recognize any impairment losses with respect to its Properties for the</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Rental Properties</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rental properties are carried at cost, net of accumulated depreciation.&#160;&#160;Buildings and improvements and personal property are depreciated for financial reporting purposes on the straight-line method over their estimated useful lives.&#160;&#160;The value of in-place leases is amortized over the average remaining term of the respective leases on a straight-line basis.&#160;&#160;Useful lives used for calculating depreciation for financial reporting purposes are as follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:20%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buildings and improvements</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5 - 27.5 years</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Personal property</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3 - 15 years</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Tenant Receivables</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenant receivables are stated at amounts due from tenants net of an allowance for uncollectible receivables.&#160;&#160;Payment terms vary and receivables outstanding longer than the payment terms are considered past due.&#160;&#160;The Partnership determines its allowance by considering a number of factors, including the length of time receivables are past due, security deposits held, the Partnership&#8217;s previous loss history, the tenants&#8217; current ability to pay their obligations to the Partnership, the general condition of the economy and the condition of the industry as a whole.&#160;&#160;The Partnership writes off receivables when they become uncollectible.&#160;&#160;At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, there were </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> allowances for uncollectible receivables. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Redemptions</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The LPs may request redemption of their units at any time.&#160;&#160;The Partnership has no obligation to redeem any units and will do so only at the GP&#8217;s discretion.&#160;&#160;If the Partnership redeems units, the redemption price is generally the amount of the initial investment less all distributions from the Partnership to the LP, and less all organization and offering expenses charged to the LP.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Adoption of New Accounting Standards</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2015, FASB issued ASU No.&#160;2015-01, "Income Statement - Extraordinary and Unusual Items (Subtopic 225-20), Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items" ("ASU No.&#160;2015-01"). The amendments in ASU No.&#160;2015-01 eliminate from GAAP the concept of extraordinary items.&#160;Although the amendment will eliminate the requirements for reporting entities to consider whether an underlying event or transaction is extraordinary, the presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual in nature and infrequently occurring.&#160; ASU No. 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. On January 1, 2016, the Partnership adopted ASU 2015-01 and the adoption had no impact on the Partnership's consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2015, FASB issued ASU 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis" (&#8220;ASU 2015-02&#8221;), which makes certain changes to both the variable interest model and the voting model, including changes to (1) the identification of variable interests (fees paid to a decision maker or service provider), (2) the variable interest</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">entity characteristics for a limited partnership or similar entity and (3) the primary beneficiary determination. ASU 2015-02 is effective for the Partnership beginning January 1, 2016. On January 1, 2016, the Partnership adopted ASU 2015-02 and the adoption had no impact on the Partnership's consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, FASB issued ASU 2015-03, "Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03"), which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected. Upon adoption, the Partnership applied the new guidance on a retrospective basis and adjusted the balance sheet of each individual period presented to reflect the period-specific effects of applying the new guidance. This guidance was effective and was adopted by the Partnership on January 1, 2016 and as result the Partnership has reclassified </font><font style="font-family:inherit;font-size:10pt;">$261,000</font><font style="font-family:inherit;font-size:10pt;"> of unamortized debt issuance costs at December 31, 2015 from deferred financing costs to liabilities as reduction of the related mortgage notes payable</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2015, FASB issued ASU 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments" ("ASU 2015-16"), which eliminates the requirement to retroactively revise comparative financial information for prior periods presented in financial statements due to changes in provisional amounts recorded for acquisitions in subsequent periods. Upon adoption, disclosure of the amounts recorded in current-period earnings that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized at the acquisition date are required. ASU 2015-16 was effective and adopted by the Partnership on January 1, 2016 and the adoption had no impact on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Accounting Standards Issued But Not Yet Effective.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May&#160;2014, FASB issued ASU No.&#160;2014-09, &#8220;Revenue from Contracts with Customers&#8221; ("ASU No.&#160;2014-09"), which will replace most existing revenue recognition guidance in GAAP.&#160; The core principle of ASU No.&#160;2014-09 is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services.&#160; ASU No.&#160;2014-09 requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. ASU No.&#160;2014-09 will be effective for the Partnership beginning January 1, 2018, including interim periods in 2018, and allows for both retrospective and prospective methods of adoption. The Partnership is in the process of determining the method of adoption and assessing the impact of this guidance on the Partnership&#8217;s consolidated financial position, results of operations and cash flows.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2014, FASB issued ASU No. 2014-15, "Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity&#8217;s Ability to Continue as a Going Concern" ("ASU No. 2014-15"). Under the new guidance, an entity should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity&#8217;s ability to continue as a going concern within one year after the date that the financial statements are issued. The guidance is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early adoption is permitted. The adoption of the new requirements is not expected to have a significant impact on the Partnership's consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, FASB issued ASU No. 2016-02, "Leases" ("ASU No. 2016-02"). which is intended to improve financial reporting about leasing transactions and requires organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. ASU No. 2016-02 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Partnership is continuing to evaluate this guidance; however, it does not expect the adoption of ASU No. 2016-02 to have a significant impact on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, FASB issued ASU No. 2016-13 &#8220;Financial Instruments - Credit Losses&#8221; ("ASU No. 2016-13") which requires measurement and recognition of expected credit losses for financial assets held. The standard update is effective for the Company beginning January 1, 2019. The Company is continuing to evaluate this guidance; however, it does not expect the adoption of ASU No. 2016-13 to have a significant impact on its consolidated financial statements.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Principles of Consolidation</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:60px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements include the accounts of the Partnership and its wholly-owned subsidiaries, as follows:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Number </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">of Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Location</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (&#8220;Tamarlane&#8221;) </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Bent Oaks Holdings, LLC, or Bent Oaks Apartments (&#8220;Bent Oaks&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Austin, TX</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Cape Cod Holdings,&#160;&#160;LLC, or Cape Cod Apartments (&#8220;Cape Cod&#8221;)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">212</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">San Antonio, TX</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Woodhollow Holdings, LLC, or Woodhollow Apartments (&#8220;Woodhollow&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Austin, TX</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Woodland Hills Holdings, LLC (&#8220;Hills&#8221;) </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Woodland Village Holdings, LLC, or Woodland Village Apartments (&#8220;Village&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">308</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Columbia, SC</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">774</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:19.49317738791423%;border-collapse:collapse;text-align:left;"><tr><td colspan="1" rowspan="1"></td></tr><tr><td style="width:100%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:9pt;"> </font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1) Tamarlane, a </font><font style="font-family:inherit;font-size:9pt;">115</font><font style="font-family:inherit;font-size:9pt;"> unit multifamily apartment complex in Maine, was sold on December 1, 2015. </font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2) The Hills, a </font><font style="font-family:inherit;font-size:9pt;">228</font><font style="font-family:inherit;font-size:9pt;"> unit multifamily apartment complex in Georgia, was sold on March 19, 2015.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All intercompany transactions and balances have been eliminated in consolidation.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Deferred Financing Costs</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs incurred to obtain financing have been capitalized and are being amortized over the term of the related debt using the effective yield method.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Estimated amortization of existing deferred financing costs for the next three years ending </font><font style="font-family:inherit;font-size:10pt;">June 30,</font><font style="font-family:inherit;font-size:10pt;"> is as follows (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:71.15009746588694%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:82%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:16%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">83</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">81</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">219</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTE 7 - DISPOSITION OF PROPERTIES </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table presents details of the Partnership's disposition activity during the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;"> (in thousands):</font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="13" rowspan="1"></td></tr><tr><td style="width:36%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Multifamily Community</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Location</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sale Date</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Contract Sales Price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Gain on Sale</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;font-weight:bold;">2015 Dispositions:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">RRE Woodland Hills Holdings, LLC (&#8220;Hills&#8221;) </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Decatur, Georgia </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3/19/2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25,200</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,603</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (&#8220;Tamarlane&#8221;) </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Portland, Maine</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">12/1/2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">18,300</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,042</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">17,645</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The table below presents the revenues and net income (loss) attributable to properties sold for the three and six months ended June 30, 2015 (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:36%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Revenue Attributable to Properties Sold</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Net Income Attributable to Properties Sold</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Multifamily Community</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Three months ended June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Six months ended June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Three months ended June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Six months ended June 30, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;font-weight:bold;">2015 Dispositions:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">RRE Woodland Hills Holdings, LLC (&#8220;Hills&#8221;) </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">602</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">151</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (&#8220;Tamarlane&#8221;) </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">495</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">964</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">62</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">58</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">496</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,566</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">70</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">209</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There were no dispositions for the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying amounts and estimated fair values of the Partnership&#8217;s financial instruments were as follows (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:37%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Mortgage Balance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Estimated Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Mortgage Balance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Estimated Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Mortgage notes payable:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bent Oaks</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,685</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,157</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,731</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,121</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cape Cod</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,903</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,380</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,951</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,343</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Woodhollow</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,878</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,264</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,916</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,234</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Village</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,203</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,365</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,293</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,305</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total mortgage notes payable</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,669</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,166</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,891</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,003</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTE 6 - FAIR VALUE OF FINANCIAL INSTRUMENTS</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In analyzing the fair value of its financial instruments disclosed or accounted for on a fair value basis, the Partnership follows the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.&#160;&#160;The Partnership determines fair value based on quoted prices when available or, if quoted prices are not available, through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the financial instruments.&#160;&#160;The fair value of cash, tenant receivables and accounts payable approximate their carrying values due to their short term nature.&#160;&#160;The hierarchy followed defines three levels of inputs that may be used to measure fair value:</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Level 1 -</font><font style="font-family:inherit;font-size:10pt;"> Quoted prices in active markets for identical assets that the reporting entity has the ability to access at the measurement date.&#160;</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Level 2 -</font><font style="font-family:inherit;font-size:10pt;"> Inputs other than quoted prices included within Level 1 that are observable for the asset or can be corroborated with observable market data for substantially the entire contractual term of the asset.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Level 3 -</font><font style="font-family:inherit;font-size:10pt;"> Unobservable inputs that reflect the entity&#8217;s own assumptions about the assumptions that market participants would use in the pricing of the asset and are consequently not based on market activity, but rather through particular valuation techniques.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following methods and assumptions were used to estimate the fair value of the Partnership&#8217;s financial instruments:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:Wingdings;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Mortgage notes payable.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Rates currently available to the Partnership for debt with similar terms and remaining maturities are used to estimate the fair value of existing debt.</font></div></td></tr></table><div style="line-height:120%;padding-top:8px;text-align:justify;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The estimated fair value measurements of the mortgage notes payable are classified within level 3 of the fair value hierarchy.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying amounts and estimated fair values of the Partnership&#8217;s financial instruments were as follows (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:37%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Mortgage Balance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Estimated Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Mortgage Balance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Estimated Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Mortgage notes payable:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bent Oaks</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,685</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,157</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,731</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,121</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cape Cod</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,903</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,380</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,951</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,343</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Woodhollow</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,878</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,264</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,916</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,234</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Village</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,203</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,365</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,293</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,305</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total mortgage notes payable</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,669</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,166</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,891</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,003</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Long-Lived Assets</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.&#160;&#160;If it is determined that an asset&#8217;s estimated future cash flows will not be sufficient to recover its carrying amount, an impairment charge will be recorded to reduce the carrying amount for that asset to its estimated fair value.&#160;The Partnership has estimated that the future cash flows from its properties will be sufficient to recover their</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">carrying amounts and, as a result, the Partnership did not recognize any impairment losses with respect to its Properties for the</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Agreement provides that income is allocated as follows: first, to the Limited Partners (&#8220;LPs&#8221;) and the GP (collectively, the &#8220;Partners&#8221;) in proportion to and to the extent of the deficit balances, if any, in their respective capital accounts; second, to the Partners in proportion to the allocations of Distributable Cash (as defined in the Agreement); and third, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:inherit;font-size:10pt;"> to the LPs.&#160;&#160;All losses are allocated as follows: first, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:inherit;font-size:10pt;"> to the LPs until the LPs have been allocated losses equal to the excess, if any, of their aggregate capital account balances over the aggregate Adjusted Capital Contributions (as defined in the Agreement); second, to the Partners in proportion to and to the extent of their respective remaining positive capital account balances, if any; and third, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:inherit;font-size:10pt;"> to the LPs.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Income Taxes</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income taxes or credits resulting from earnings or losses are payable by, or accrue to the benefit of, the partners; accordingly, no provision has been made for income taxes in these consolidated financial statements.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership evaluates the benefits of tax positions taken or expected to be taken in its tax returns under a two-step recognition and measurement process.&#160;&#160;Only the largest amount of benefits from the tax positions that will more likely than not be sustainable upon examination are recognized by the Partnership.&#160;&#160;The Partnership does not have any unrecognized tax benefits, nor interest and penalties, recorded in the Consolidated Balance Sheets or Consolidated Statements of Operations and does not anticipate significant adjustments to the total amount of unrecognized tax benefits within the next twelve months.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership is subject to examination by the U.S. Internal Revenue Service and by the taxing authorities in those states in which the Partnership has significant business operations.&#160;&#160;The Partnership is not currently undergoing any examinations by taxing authorities.&#160;&#160;The Partnership may be subject to U.S. federal income tax and state/local income tax examinations for years 2013 through 2015.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTE 4 - MORTGAGE NOTES PAYABLE, NET</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following is a summary of mortgage notes payable, net (in thousands):</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="25" rowspan="1"></td></tr><tr><td style="width:20%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;Property</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Mortgage balance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Deferred Finance Costs, Net </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Carrying Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Mortgage balance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Deferred Finance Costs, Net</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Carrying Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bent Oaks</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,685</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(42</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,643</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,731</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,681</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cape Cod</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,903</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(42</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,861</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,951</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(51</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,900</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Woodhollow</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,878</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,842</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,916</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(43</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,873</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Village</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,203</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(99</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,104</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,293</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(117</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,176</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,669</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(219</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,450</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,891</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(261</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,630</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:2px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1) Deferred financing costs include unamortized costs incurred to obtain financing which are being amortized over the term of the related debt.&#160;&#160;</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table includes additional information about the Partnership's mortgage notes payable, net (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="10" rowspan="1"></td></tr><tr><td style="width:40%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:16%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:5%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;Property</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Maturity <br clear="none"/>Date</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Annual </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Interest Rate</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Monthly </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Debt Service</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bent Oaks</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">01/01/2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5.99%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">37</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cape Cod</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">01/01/2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup>&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5.91%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Woodhollow</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">01/01/2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.14%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Village</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">04/01/2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.76%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="padding-top:2px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:9pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Monthly payment includes principal and interest. Interest is at a fixed rate. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:2px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">(2)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership has an option to extend the maturity date for an additional one year to January 1, 2020. During the extension</font></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">period, the interest rate would convert to the Federal Home Loan Mortgage Corporation Bill Index Rate plus 2.5%.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Annual contractual principal payments on the mortgage notes payable for the future years ending </font><font style="font-family:inherit;font-size:10pt;">June 30,</font><font style="font-family:inherit;font-size:10pt;"> are as follows (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:71.9298245614035%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:81%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:16%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">466</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">491</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24,712</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,669</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The mortgage notes payable are with recourse only to the Properties securing them subject to certain limited standard exceptions, as defined in the mortgage notes, which the GP has guaranteed with respect to each property.&#160;&#160;These exceptions are referred to as &#8220;carveouts&#8221;.&#160;&#160;In general, carveouts relate to damages suffered by the lender for a subsidiary&#8217;s failure to pay rents, insurance or condemnation proceeds to the lender, to pay water, sewer and other public assessments or charges, to pay environmental compliance costs or to deliver books and records, in each case as required in the loan documents.&#160;&#160;The exceptions also require the GP to guarantee payment of audit costs, lender&#8217;s enforcement of its rights under the loan documents and payment of the loan if the subsidiary voluntarily files for bankruptcy or seeks reorganization, or if a related party of the subsidiary does so with respect to the subsidiary.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred financing costs include unamortized costs incurred to obtain financing which are being amortized over the term of the related debt.&#160;&#160;Accumulated amortization as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;"> was </font><font style="font-family:inherit;font-size:10pt;">$528,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$486,000</font><font style="font-family:inherit;font-size:10pt;">, respectively.&#160;&#160;Estimated amortization of existing deferred financing costs for the next three years ending </font><font style="font-family:inherit;font-size:10pt;">June 30,</font><font style="font-family:inherit;font-size:10pt;"> is as follows (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:71.15009746588694%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:82%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:16%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">83</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">81</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">219</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTE 1 - NATURE OF BUSINESS AND OPERATIONS</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Resource Real Estate Investors 7, L.P. (&#8220;R-7&#8221; or the &#8220;Partnership&#8221;) is a Delaware limited partnership which owns and operates multifamily residential rental properties located in Texas and South Carolina (the &#8220;Properties&#8221;).&#160;The Partnership also may invest in interests in real estate mortgages and other debt instruments that are secured, directly or indirectly, by multifamily residential rental properties, although the Partnership held no such investments as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">.&#160;&#160;The Partnership was formed on March 28, 2008 and commenced operations on June 16, 2008.&#160;&#160;The General Partner, Resource Capital Partners, Inc. (&#8220;RCP&#8221;, the &#8220;General Partner&#8221;, or the &#8220;GP&#8221;), is in the business of sponsoring and managing real estate investment limited partnerships and tenant in common programs. RCP contributed </font><font style="font-family:inherit;font-size:10pt;">$1,000</font><font style="font-family:inherit;font-size:10pt;"> in cash as its minimum capital contribution to the Partnership.&#160;&#160;In addition, RCP held a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">5.62%</font><font style="font-family:inherit;font-size:10pt;"> limited partnership interest in the Partnership at </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and December 31, 2015. RCP is an indirect wholly owned subsidiary of Resource America, Inc. (&#8220;RAI&#8221;), a publicly traded company (NASDAQ: REXI) operating in the real estate, financial fund management and commercial finance sectors.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In accordance with the First Amended and Restated Agreement of Limited Partnership (the &#8220;Agreement&#8221;), the GP has the right to extend the Partnership term for a maximum of </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> years in the aggregate following the initial termination date. In February 2016, the GP extended the Partnership term for </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> year until March 28, 2017. The Partnership has begun the process of dissolution through the strategic disposal of assets. On March 19, 2015, the Partnership sold its interest in Woodland Hills. On December 1, 2015, the Partnership sold its interest in Tamarlane. The remaining Properties are expected to be disposed of later in 2016.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Agreement provides that income is allocated as follows: first, to the Limited Partners (&#8220;LPs&#8221;) and the GP (collectively, the &#8220;Partners&#8221;) in proportion to and to the extent of the deficit balances, if any, in their respective capital accounts; second, to the Partners in proportion to the allocations of Distributable Cash (as defined in the Agreement); and third, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:inherit;font-size:10pt;"> to the LPs.&#160;&#160;All losses are allocated as follows: first, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:inherit;font-size:10pt;"> to the LPs until the LPs have been allocated losses equal to the excess, if any, of their aggregate capital account balances over the aggregate Adjusted Capital Contributions (as defined in the Agreement); second, to the Partners in proportion to and to the extent of their respective remaining positive capital account balances, if any; and third, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:inherit;font-size:10pt;"> to the LPs.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Distributable cash from operations, payable monthly, as determined by the GP, is first allocated </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:inherit;font-size:10pt;"> to the LPs until the LP&#8217;s have received their Preferred Return (as defined in the Agreement); and thereafter, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">80%</font><font style="font-family:inherit;font-size:10pt;"> to the LPs and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">20%</font><font style="font-family:inherit;font-size:10pt;"> to the GP.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Distributable cash from capital transactions, as determined by the GP, is first allocated </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:inherit;font-size:10pt;"> to the LPs until the LPs have received their Preferred Return; second, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:inherit;font-size:10pt;"> to the LPs until their Adjusted Capital Contributions have been reduced to zero; and thereafter, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">80%</font><font style="font-family:inherit;font-size:10pt;"> to the LPs and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">20%</font><font style="font-family:inherit;font-size:10pt;"> to the GP. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements and the information and tables contained in the notes thereto as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> are unaudited. The consolidated balance sheet as of December 31, 2015 was derived from the audited consolidated financial statements as of and for the year ended December 31, 2015. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;). However, in the opinion of management, these interim financial statements include all the necessary adjustments to fairly present the results of the interim periods presented. The unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Partnership&#8217;s Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">. The results of operations for the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> may not necessarily be indicative of the results of operations for the full year ending </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Adoption of New Accounting Standards</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2015, FASB issued ASU No.&#160;2015-01, "Income Statement - Extraordinary and Unusual Items (Subtopic 225-20), Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items" ("ASU No.&#160;2015-01"). The amendments in ASU No.&#160;2015-01 eliminate from GAAP the concept of extraordinary items.&#160;Although the amendment will eliminate the requirements for reporting entities to consider whether an underlying event or transaction is extraordinary, the presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual in nature and infrequently occurring.&#160; ASU No. 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. On January 1, 2016, the Partnership adopted ASU 2015-01 and the adoption had no impact on the Partnership's consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2015, FASB issued ASU 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis" (&#8220;ASU 2015-02&#8221;), which makes certain changes to both the variable interest model and the voting model, including changes to (1) the identification of variable interests (fees paid to a decision maker or service provider), (2) the variable interest</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">entity characteristics for a limited partnership or similar entity and (3) the primary beneficiary determination. ASU 2015-02 is effective for the Partnership beginning January 1, 2016. On January 1, 2016, the Partnership adopted ASU 2015-02 and the adoption had no impact on the Partnership's consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, FASB issued ASU 2015-03, "Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03"), which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected. Upon adoption, the Partnership applied the new guidance on a retrospective basis and adjusted the balance sheet of each individual period presented to reflect the period-specific effects of applying the new guidance. This guidance was effective and was adopted by the Partnership on January 1, 2016 and as result the Partnership has reclassified </font><font style="font-family:inherit;font-size:10pt;">$261,000</font><font style="font-family:inherit;font-size:10pt;"> of unamortized debt issuance costs at December 31, 2015 from deferred financing costs to liabilities as reduction of the related mortgage notes payable</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2015, FASB issued ASU 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments" ("ASU 2015-16"), which eliminates the requirement to retroactively revise comparative financial information for prior periods presented in financial statements due to changes in provisional amounts recorded for acquisitions in subsequent periods. Upon adoption, disclosure of the amounts recorded in current-period earnings that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized at the acquisition date are required. ASU 2015-16 was effective and adopted by the Partnership on January 1, 2016 and the adoption had no impact on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Accounting Standards Issued But Not Yet Effective.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May&#160;2014, FASB issued ASU No.&#160;2014-09, &#8220;Revenue from Contracts with Customers&#8221; ("ASU No.&#160;2014-09"), which will replace most existing revenue recognition guidance in GAAP.&#160; The core principle of ASU No.&#160;2014-09 is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services.&#160; ASU No.&#160;2014-09 requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. ASU No.&#160;2014-09 will be effective for the Partnership beginning January 1, 2018, including interim periods in 2018, and allows for both retrospective and prospective methods of adoption. The Partnership is in the process of determining the method of adoption and assessing the impact of this guidance on the Partnership&#8217;s consolidated financial position, results of operations and cash flows.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2014, FASB issued ASU No. 2014-15, "Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity&#8217;s Ability to Continue as a Going Concern" ("ASU No. 2014-15"). Under the new guidance, an entity should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity&#8217;s ability to continue as a going concern within one year after the date that the financial statements are issued. The guidance is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early adoption is permitted. The adoption of the new requirements is not expected to have a significant impact on the Partnership's consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, FASB issued ASU No. 2016-02, "Leases" ("ASU No. 2016-02"). which is intended to improve financial reporting about leasing transactions and requires organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. ASU No. 2016-02 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Partnership is continuing to evaluate this guidance; however, it does not expect the adoption of ASU No. 2016-02 to have a significant impact on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, FASB issued ASU No. 2016-13 &#8220;Financial Instruments - Credit Losses&#8221; ("ASU No. 2016-13") which requires measurement and recognition of expected credit losses for financial assets held. The standard update is effective for the Company beginning January 1, 2019. The Company is continuing to evaluate this guidance; however, it does not expect the adoption of ASU No. 2016-13 to have a significant impact on its consolidated financial statements.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Useful lives used for calculating depreciation for financial reporting purposes are as follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:20%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buildings and improvements</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5 - 27.5 years</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Personal property</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3 - 15 years</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Assets Held for Sale</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership presents the assets and liabilities of any rental properties which qualify as held for sale, separately in the consolidated balance sheets. The Partnership does not consider the sale as probable until the purchase and sale agreement has been signed by both parties. Real estate assets held for sale are measured at the lower of carrying amount or fair value less cost to sell. Both the real estate and the corresponding liabilities are presented separately in the Consolidated Balance Sheets. Subsequent to classification of an asset as held for sale, no further depreciation is recorded.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Tenant Receivables</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenant receivables are stated at amounts due from tenants net of an allowance for uncollectible receivables.&#160;&#160;Payment terms vary and receivables outstanding longer than the payment terms are considered past due.&#160;&#160;The Partnership determines its allowance by considering a number of factors, including the length of time receivables are past due, security deposits held, the Partnership&#8217;s previous loss history, the tenants&#8217; current ability to pay their obligations to the Partnership, the general condition of the economy and the condition of the industry as a whole.&#160;&#160;The Partnership writes off receivables when they become uncollectible.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTE 5 - CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;In the ordinary course of its business operations, the Partnership has ongoing relationships with several related entities. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Substantially all of the receivables from related parties represents escrow funds held by RAI for self insurance. The Partnership's properties participate in insurance pools with other properties directly and indirectly managed by RAI for both property insurance and general liability. RAI holds the escrow funds related to the insurance pools on its books. The pool for the property insurance covers losses up to </font><font style="font-family:inherit;font-size:10pt;">$2.5 million</font><font style="font-family:inherit;font-size:10pt;"> and the pool for the general liability covers losses up to the first </font><font style="font-family:inherit;font-size:10pt;">$50,000</font><font style="font-family:inherit;font-size:10pt;"> per incident. Catastrophic insurance would cover property losses in excess of the insurance pool up to </font><font style="font-family:inherit;font-size:10pt;">$140 million</font><font style="font-family:inherit;font-size:10pt;">. Therefore, unforeseen or catastrophic losses in excess of the Partnership's insured limits could have a material adverse effect on the Partnership's financial condition and operating results. In the three months ended June 30, 2016, the Partnership funded </font><font style="font-family:inherit;font-size:10pt;">$136,523</font><font style="font-family:inherit;font-size:10pt;"> into the insurance pools. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 22, 2016, RAI agreed to be acquired by C-III Capital Partners LLC ("C-III"), a leading commercial real estate services company engaged in a broad range of activities.&#160; The proposed merger is expected to close late in the third quarter of 2016 and is subject to approval by the stockholders RAI, regulatory approvals and other customary closing conditions. Upon closing of the transaction, C-III will control RCP and all of the partnership units of the Partnership currently owned by RCP.&#160;</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RCP is entitled to receive an annual investment management fee, payable monthly, equal to </font><font style="font-family:inherit;font-size:10pt;">1%</font><font style="font-family:inherit;font-size:10pt;"> of the gross offering proceeds that have been deployed in real estate investments from the offering of partnership units, net of any amounts otherwise attributable to LP interests owned by RCP.&#160;&#160;During the term of the Partnership, RCP must subordinate up to </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of its annual investment management fee to the receipt by the LPs of their Preferred Return.&#160;&#160;As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, the amount of unpaid subordinated investment management fees totaled </font><font style="font-family:inherit;font-size:10pt;">$108,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$15,000</font><font style="font-family:inherit;font-size:10pt;">, respectively. During the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> the Partnership paid investment management fees totaling </font><font style="font-family:inherit;font-size:10pt;">$0</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.9 million</font><font style="font-family:inherit;font-size:10pt;">, respectively. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A wholly-owned subsidiary of RCP, Resource Real Estate Management, LLC (&#8220;RREML&#8221;) is entitled to receive property and debt management fees.&#160;RREML engaged Resource Real Estate Management, Inc (&#8220;RREMI&#8221;), an indirect wholly owned subsidiary of RAI, to manage the Partnership&#8217;s Properties.&#160;As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, property management fees due totaled </font><font style="font-family:inherit;font-size:10pt;">$68,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$62,000</font><font style="font-family:inherit;font-size:10pt;">, respectively. Because the Partnership has not acquired any real estate debt investments, there were no debt management fees as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the ordinary course of business, RCP and RREMI advance funds for ordinary operating expenses on behalf of the Properties. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, advances due totaled </font><font style="font-family:inherit;font-size:10pt;">$36,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$61,000</font><font style="font-family:inherit;font-size:10pt;">, respectively. Total reimbursable operating expenses incurred during the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> were </font><font style="font-family:inherit;font-size:10pt;">$427,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$573,000</font><font style="font-family:inherit;font-size:10pt;">, respectively. Total reimbursable operating expenses incurred during the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> were </font><font style="font-family:inherit;font-size:10pt;">$822,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.1 million</font><font style="font-family:inherit;font-size:10pt;">, respectively. Reimbursed expenses include payroll and miscellaneous operating expenses. Reimbursed operating expenses are included in property rental operating expenses in the consolidated statements of operations.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership pays investment management fees and property management fees to related parties.&#160;&#160;These expenses are summarized as follows (in thousands):</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:52%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended&#160;<br clear="none"/>&#160;June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended&#160;<br clear="none"/>&#160;June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RCP:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:normal;">&#160;&#160;&#160;&#160;Investment management fees </font><font style="font-family:inherit;font-size:10pt;font-weight:normal;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">59</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">137</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RREML:</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:normal;">&#160;&#160;&#160;&#160;Property management fees - 5% of gross cash receipts </font><font style="font-family:inherit;font-size:10pt;font-weight:normal;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">119</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">201</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">274</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">145</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">178</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">293</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">411</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:18px;text-indent:-18px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1) RCP is entitled to receive an annual investment management fee, payable monthly, equal to </font><font style="font-family:inherit;font-size:9pt;">1%</font><font style="font-family:inherit;font-size:9pt;"> of the gross proceeds that have been deployed in real estate investments from the offering of partnership units, net of any LP interest owned by RCP. During the term of the Partnership, RCP must subordinate up to </font><font style="font-family:inherit;font-size:9pt;">100%</font><font style="font-family:inherit;font-size:9pt;"> of its annual investment management fee to the receipt by the LPs of their Preferred Return.</font></div><div style="line-height:120%;text-align:justify;padding-left:18px;text-indent:-18px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2) RREML is entitled to receive monthly property management fees equal to </font><font style="font-family:inherit;font-size:9pt;">5%</font><font style="font-family:inherit;font-size:9pt;"> of the gross operating revenues from the Partnership&#8217;s </font><font style="font-family:inherit;font-size:9pt;">100%</font><font style="font-family:inherit;font-size:9pt;"> owned Properties for managing or obtaining and supervising third party managers.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTE 3 - RESTRICTED CASH</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Restricted cash represents escrow deposits with lenders to be used to pay real estate taxes, insurance, and capital improvements.&#160;&#160;A summary of the components of restricted cash follows (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, <br clear="none"/>2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, <br clear="none"/>2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Real estate taxes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">510</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,034</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Insurance</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">77</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">180</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Capital improvements</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">437</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,024</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,600</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenue Recognition</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue is primarily derived from the rental of residential housing units with lease agreement terms of generally </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one year</font><font style="font-family:inherit;font-size:10pt;"> or less.&#160;&#160;The Partnership recognizes revenue in the period that rent is earned, which is on a monthly basis.&#160;&#160;The Partnership recognizes rent as income on a straight-line basis over the term of the related lease.&#160;&#160;Additionally, any incentives included in the lease are amortized on a straight-line basis over the term of the related lease.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Included within rental income are other income amounts such as utility reimbursements, late fees, parking fees, pet fees and lease application fees which are recognized when earned or received.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following is a summary of mortgage notes payable, net (in thousands):</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="25" rowspan="1"></td></tr><tr><td style="width:20%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;Property</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Mortgage balance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Deferred Finance Costs, Net </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Carrying Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Mortgage balance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Deferred Finance Costs, Net</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Carrying Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bent Oaks</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,685</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(42</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,643</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,731</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,681</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cape Cod</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,903</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(42</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,861</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,951</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(51</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,900</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Woodhollow</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,878</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,842</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,916</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(43</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,873</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Village</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,203</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(99</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,104</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,293</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(117</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,176</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,669</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(219</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,450</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,891</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(261</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,630</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:2px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1) Deferred financing costs include unamortized costs incurred to obtain financing which are being amortized over the term of the related debt.&#160;&#160;</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table includes additional information about the Partnership's mortgage notes payable, net (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="10" rowspan="1"></td></tr><tr><td style="width:40%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:16%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:5%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;Property</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Maturity <br clear="none"/>Date</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Annual </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Interest Rate</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Monthly </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Debt Service</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bent Oaks</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">01/01/2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5.99%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">37</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cape Cod</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">01/01/2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup>&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5.91%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Woodhollow</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">01/01/2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.14%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Village</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">04/01/2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.76%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="padding-top:2px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:9pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Monthly payment includes principal and interest. Interest is at a fixed rate. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:2px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">(2)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership has an option to extend the maturity date for an additional one year to January 1, 2020. During the extension</font></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">period, the interest rate would convert to the Federal Home Loan Mortgage Corporation Bill Index Rate plus 2.5%.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table presents details of the Partnership's disposition activity during the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;"> (in thousands):</font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="13" rowspan="1"></td></tr><tr><td style="width:36%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Multifamily Community</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Location</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sale Date</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Contract Sales Price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Gain on Sale</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;font-weight:bold;">2015 Dispositions:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">RRE Woodland Hills Holdings, LLC (&#8220;Hills&#8221;) </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Decatur, Georgia </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3/19/2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25,200</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,603</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (&#8220;Tamarlane&#8221;) </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Portland, Maine</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">12/1/2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">18,300</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,042</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">17,645</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The table below presents the revenues and net income (loss) attributable to properties sold for the three and six months ended June 30, 2015 (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:36%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Revenue Attributable to Properties Sold</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Net Income Attributable to Properties Sold</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Multifamily Community</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Three months ended June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Six months ended June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Three months ended June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Six months ended June 30, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;font-weight:bold;">2015 Dispositions:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">RRE Woodland Hills Holdings, LLC (&#8220;Hills&#8221;) </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">602</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">151</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (&#8220;Tamarlane&#8221;) </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">495</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">964</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">62</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">58</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">496</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,566</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">70</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">209</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Annual contractual principal payments on the mortgage notes payable for the future years ending </font><font style="font-family:inherit;font-size:10pt;">June 30,</font><font style="font-family:inherit;font-size:10pt;"> are as follows (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:71.9298245614035%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:81%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:16%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">466</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">491</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24,712</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,669</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership pays investment management fees and property management fees to related parties.&#160;&#160;These expenses are summarized as follows (in thousands):</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:52%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended&#160;<br clear="none"/>&#160;June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended&#160;<br clear="none"/>&#160;June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RCP:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:normal;">&#160;&#160;&#160;&#160;Investment management fees </font><font style="font-family:inherit;font-size:10pt;font-weight:normal;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">59</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">137</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RREML:</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:normal;">&#160;&#160;&#160;&#160;Property management fees - 5% of gross cash receipts </font><font style="font-family:inherit;font-size:10pt;font-weight:normal;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">119</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">201</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">274</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">145</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">178</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">293</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">411</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:18px;text-indent:-18px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1) RCP is entitled to receive an annual investment management fee, payable monthly, equal to </font><font style="font-family:inherit;font-size:9pt;">1%</font><font style="font-family:inherit;font-size:9pt;"> of the gross proceeds that have been deployed in real estate investments from the offering of partnership units, net of any LP interest owned by RCP. During the term of the Partnership, RCP must subordinate up to </font><font style="font-family:inherit;font-size:9pt;">100%</font><font style="font-family:inherit;font-size:9pt;"> of its annual investment management fee to the receipt by the LPs of their Preferred Return.</font></div><div style="line-height:120%;text-align:justify;padding-left:18px;text-indent:-18px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2) RREML is entitled to receive monthly property management fees equal to </font><font style="font-family:inherit;font-size:9pt;">5%</font><font style="font-family:inherit;font-size:9pt;"> of the gross operating revenues from the Partnership&#8217;s </font><font style="font-family:inherit;font-size:9pt;">100%</font><font style="font-family:inherit;font-size:9pt;"> owned Properties for managing or obtaining and supervising third party managers.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of the components of restricted cash follows (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, <br clear="none"/>2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, <br clear="none"/>2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Real estate taxes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">510</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,034</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Insurance</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">77</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">180</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Capital improvements</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">437</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,024</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,600</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:60px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements include the accounts of the Partnership and its wholly-owned subsidiaries, as follows:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Number </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">of Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Location</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (&#8220;Tamarlane&#8221;) </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Bent Oaks Holdings, LLC, or Bent Oaks Apartments (&#8220;Bent Oaks&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Austin, TX</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Cape Cod Holdings,&#160;&#160;LLC, or Cape Cod Apartments (&#8220;Cape Cod&#8221;)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">212</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">San Antonio, TX</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Woodhollow Holdings, LLC, or Woodhollow Apartments (&#8220;Woodhollow&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Austin, TX</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Woodland Hills Holdings, LLC (&#8220;Hills&#8221;) </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RRE Woodland Village Holdings, LLC, or Woodland Village Apartments (&#8220;Village&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">308</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Columbia, SC</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">774</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:19.49317738791423%;border-collapse:collapse;text-align:left;"><tr><td colspan="1" rowspan="1"></td></tr><tr><td style="width:100%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:9pt;"> </font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1) Tamarlane, a </font><font style="font-family:inherit;font-size:9pt;">115</font><font style="font-family:inherit;font-size:9pt;"> unit multifamily apartment complex in Maine, was sold on December 1, 2015. </font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2) The Hills, a </font><font style="font-family:inherit;font-size:9pt;">228</font><font style="font-family:inherit;font-size:9pt;"> unit multifamily apartment complex in Georgia, was sold on March 19, 2015.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTE 8 - SUBSEQUENT EVENTS</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 14, 2016, the Partnership signed a contract to sell Woodland Village Apartments for </font><font style="font-family:inherit;font-size:10pt;">$20.7 million</font><font style="font-family:inherit;font-size:10pt;">. On July 28, 2016, the Partnership signed a contract to sell Bent Oaks Apartments for </font><font style="font-family:inherit;font-size:10pt;">$15.7 million</font><font style="font-family:inherit;font-size:10pt;"> and Woodhollow Apartments for </font><font style="font-family:inherit;font-size:10pt;">$12.6 million</font><font style="font-family:inherit;font-size:10pt;">. We expect to record gains on the sales during the three months ended September 30, 2016. </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership has evaluated subsequent events through the date these consolidated financial statements were issued and determined that no events, other than those disclosed above, have occurred which would require an adjustment to the consolidated financial statements.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.&#160;&#160;The Partnership estimates the allowance for uncollectible receivables and loan losses and adjusts the balance quarterly.&#160;&#160;The Partnership also estimates the liability for real estate taxes on the properties and adjusts the balance quarterly if necessary. Actual results could differ from those estimates.</font></div></div> EX-101.SCH 7 rsvn-20160811.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2106100 - Disclosure - CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS link:presentationLink link:calculationLink link:definitionLink 2406402 - Disclosure - CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Details) link:presentationLink link:calculationLink link:definitionLink 2306301 - Disclosure - CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Tables) link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - CONSOLIDATED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - CONSOLIDATED STATEMENT OF CHANGES IN PARTNERS' CAPITAL link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS link:presentationLink link:calculationLink link:definitionLink 2108100 - Disclosure - DISPOSITION OF PROPERTIES link:presentationLink link:calculationLink link:definitionLink 2408402 - Disclosure - DISPOSITION OF PROPERTIES (Details) link:presentationLink link:calculationLink link:definitionLink 2308301 - Disclosure - DISPOSITION OF PROPERTIES (Tables) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 2107100 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS link:presentationLink link:calculationLink link:definitionLink 2407402 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) link:presentationLink link:calculationLink link:definitionLink 2307301 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) link:presentationLink link:calculationLink link:definitionLink 2105100 - Disclosure - MORTGAGE NOTES PAYABLE, NET link:presentationLink link:calculationLink link:definitionLink 2405402 - Disclosure - MORTGAGE NOTES PAYABLE, NET (Details) link:presentationLink link:calculationLink link:definitionLink 2405402 - Disclosure - MORTGAGE NOTES PAYABLE, NET (Details) link:presentationLink link:calculationLink link:definitionLink 2305301 - Disclosure - MORTGAGE NOTES PAYABLE, NET (Tables) link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - NATURE OF BUSINESS AND OPERATIONS link:presentationLink link:calculationLink link:definitionLink 2401401 - Disclosure - NATURE OF BUSINESS AND OPERATIONS (Details) link:presentationLink link:calculationLink link:definitionLink 2102100 - Disclosure - RESTRICTED CASH link:presentationLink link:calculationLink link:definitionLink 2402402 - Disclosure - RESTRICTED CASH (Details) link:presentationLink link:calculationLink link:definitionLink 2302301 - Disclosure - RESTRICTED CASH (Tables) link:presentationLink link:calculationLink link:definitionLink 2109100 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 2409401 - Disclosure - SUBSEQUENT EVENTS (Details) link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 2401403 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) link:presentationLink link:calculationLink link:definitionLink 2201201 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 2301302 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 rsvn-20160811_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 9 rsvn-20160811_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 10 rsvn-20160811_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Income Statement [Abstract] Revenues: Revenues [Abstract] Rental income Operating Leases, Income Statement, Lease Revenue Expenses: Operating Expenses [Abstract] Rental operating Direct Costs of Leased and Rented Property or Equipment Management fees – related parties Related Party Costs General and administrative General and Administrative Expense Depreciation and amortization Depreciation, Depletion and Amortization, Nonproduction Total expenses Operating Expenses Income before other income (expense) Operating Income (Loss) Other income (expense): Other Expenses [Abstract] Interest expense, net Interest Expense Gain on sale of rental property Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes Loss on disposal of fixed assets Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal Total other income (expenses) Nonoperating Income (Expense) Net (loss) income Net Income (Loss) Allocated to Limited Partners Weighted average number of limited partner units outstanding (in units) Weighted Average Limited Partnership Units Outstanding, Basic Net (loss) income per weighted average limited partner unit, basic and diluted (in usd per share) Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax Accounting Policies [Abstract] Schedule of Subsidiary of Limited Liability Company or Limited Partnership [Table] Schedule of Subsidiary of Limited Liability Company or Limited Partnership [Table] Legal Entity [Axis] Legal Entity [Axis] Entity [Domain] Entity [Domain] RRE Tamarlane Holdings, LLC RRE Tamarlane Holdings, LLC [Member] Another company which is controlled, directly or indirectly, by its parent. Bent Oaks RRE Bent Oaks Holdings, LLC [Member] Another company which is controlled, directly or indirectly, by its parent. Cape Cod RRE Cape Cod Holdings, LLC [Member] Another company which is controlled, directly or indirectly, by its parent. Woodhollow RRE Woodhollow Holdings, LLC [Member] Another company which is controlled, directly or indirectly, by its parent. RRE Woodland Hills Holdings, LLC RRE Woodland Hills Holdings, LLC [Member] Another company which is controlled, directly or indirectly, by its parent. Village Village [Member] Another company which is controlled, directly or indirectly, by its parent. Concentration Risk Type [Axis] Concentration Risk Type [Axis] Concentration Risk Type [Domain] Concentration Risk Type [Domain] Geographic Concentration Risk Geographic Concentration Risk [Member] Concentration Risk Benchmark [Axis] Concentration Risk Benchmark [Axis] Concentration Risk Benchmark [Domain] Concentration Risk Benchmark [Domain] Partnership Total Assets Assets, Total [Member] Geographical [Axis] Geographical [Axis] Geographical [Domain] Geographical [Domain] Texas TEXAS South Carolina SOUTH CAROLINA Disposal Group Name [Axis] Disposal Group Name [Axis] Disposal Groups, Including Discontinued Operations, Name [Domain] Disposal Group Name [Domain] Disposal Group Classification [Axis] Disposal Group Classification [Axis] Disposal Group Classification [Domain] Disposal Group Classification [Domain] Disposal Group Disposal Group, Not Discontinued Operations [Member] Income Statement Location [Axis] Income Statement Location [Axis] Income Statement Location [Domain] Income Statement Location [Domain] Rental Income Rental Income [Member] Rental Income [Member] Balance Sheet Location [Axis] Balance Sheet Location [Axis] Balance Sheet Location [Domain] Balance Sheet Location [Domain] Other Noncurrent Assets Other Assets [Member] Long-term Debt Notes Payable, Other Payables [Member] Adjustments for New Accounting Pronouncements [Axis] Adjustments for New Accounting Pronouncements [Axis] Type of Adoption [Domain] Type of Adoption [Domain] Accounting Standards Update 2015-03 Accounting Standards Update 2015-03 [Member] Accounting Standards Update 2015-03 [Member] Subsidiary of Limited Liability Company or Limited Partnership [Line Items] Subsidiary of Limited Liability Company or Limited Partnership [Line Items] Number of units Number of Units in Real Estate Property Number of units sold in real estate Number Of Units In Real Estate Property Sold Number Of Units In Real Estate Property Sold Concentration risk, percentage Concentration Risk, Percentage Reclassfications [Abstract] New Accounting Pronouncements and Changes in Accounting Principles [Abstract] Deferred finance costs Deferred Finance Costs, Net Revenue Recognition [Abstract] Revenue Recognition [Abstract] Approximate lease agreement term Approximate lease agreement term The average length of time for which the lease agreement for rental residential housing units is in effect. Other Income included in rental income Other Income Future minimum rental payments to be received [Abstract] Operating Leases, Future Minimum Payments Receivable [Abstract] 2017 Operating Leases, Future Minimum Payments Receivable, Current 2018 Operating Leases, Future Minimum Payments Receivable, in Two Years Thereafter Operating Leases, Future Minimum Payments Receivable, Thereafter Supplemental Disclosure of Cash Flow Information [Abstract] Supplemental Cash Flow Information [Abstract] Cash paid for interest Interest Paid Advertising [Abstract] Marketing and Advertising Expense [Abstract] Advertising expense Advertising Expense Rental Properties [Abstract] Property Subject to or Available for Operating Lease, Net [Abstract] Schedule of Property, Plant and Equipment [Table] Property, Plant and Equipment [Table] Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment, Type [Domain] Property, Plant and Equipment, Type [Domain] Buildings and improvements Building and Building Improvements [Member] Personal Property Personal Property [Member] Personal long term capitalized assets related to rental properties. Range [Axis] Range [Axis] Range [Domain] Range [Domain] Minimum Minimum [Member] Maximum Maximum [Member] Property, Plant and Equipment [Line Items] Property, Plant and Equipment [Line Items] Estimated useful life Property, Plant and Equipment, Useful Life Tenant Receivables [Abstract] Accounts Receivable, Net [Abstract] Allowance for uncollectible receivables Allowance for Doubtful Accounts Receivable, Current Fair Value Disclosures [Abstract] Carrying and fair values of financial instruments Fair Value, by Balance Sheet Grouping [Table Text Block] Restricted Cash and Investments [Abstract] Schedule of Restricted Cash and Cash Equivalents [Table] Schedule of Restricted Cash and Cash Equivalents [Table] Restricted Cash and Cash Equivalents [Axis] Restricted Cash and Cash Equivalents [Axis] Cash and Cash Equivalents [Domain] Cash and Cash Equivalents [Domain] Real Estate Taxes Real Estate Tax [Member] Real Estate Tax [Member] Insurance Insurance [Member] Insurance [Member] Capital Improvements Capital Improvements [Member] Capital Improvements [Member] Restricted Cash and Cash Equivalents Items [Line Items] Restricted Cash and Cash Equivalents Items [Line Items] Restricted cash Restricted Cash and Cash Equivalents Notes Payable [Abstract] Schedule of Long-term Debt Instruments [Table] Schedule of Long-term Debt Instruments [Table] Long-term Debt, Type [Axis] Long-term Debt, Type [Axis] Long-term Debt, Type [Domain] Long-term Debt, Type [Domain] Mortgage Notes Payable Mortgages [Member] Debt Instrument [Axis] Debt Instrument [Axis] Debt Instrument, Name [Domain] Debt Instrument, Name [Domain] Variable Rate [Axis] Variable Rate [Axis] Variable Rate [Domain] Variable Rate [Domain] LIBOR London Interbank Offered Rate (LIBOR) [Member] Debt Instrument [Line Items] Debt Instrument [Line Items] Mortgage balance Long-term Debt, Gross Deferred finance costs, net Total long-term debt Long-term Debt Maturity date Debt Instrument, Maturity Date Annual interest rate Debt Instrument, Interest Rate, Stated Percentage Monthly debt service Debt Instrument, Periodic Payment, Interest Option to extend maturity Option to extend maturity The length of time for which the term of the loan may be optionally extended in the format PnYnMnD. Basis points added to variable interest rate Debt Instrument, Basis Spread on Variable Rate Annual principal payments on the mortgage notes payable [Abstract] Long-term Debt, Rolling Maturity [Abstract] 2017 Long-term Debt, Maturities, Repayments of Principal in Next Rolling Twelve Months 2018 Long-term Debt, Maturities, Repayments of Principal in Rolling Year Two 2019 Long-term Debt, Maturities, Repayments of Principal in Rolling Year Three Amortization of financing costs and discounts [Abstract] Amortization of Financing Costs and Discounts [Abstract] Accumulated amortization Accumulated Amortization, Deferred Finance Costs 2017 Estimated amortization of deferred financing costs, next rolling twelve months Amount of amortization expense expected to be recognized in the next rolling twelve months following the latest balance sheet presented for deferred financing costs. 2018 Estimated amortization of deferred financing costs, rolling year two Amount of amortization expense expected to be recognized in the second rolling twelve months following the latest balance sheet presented for deferred financing costs. 2019 Estimated amortization of deferred financing costs, rolling year three Amount of amortization expense expected to be recognized in the third rolling twelve months following the latest balance sheet presented for deferred financing costs. Total deferred finance costs Statement of Partners' Capital [Abstract] Statement [Table] Statement [Table] Statement, Partner Type of Partners' Capital Account [Axis] Partner Type [Axis] Partner Type of Partners' Capital Account, Name [Domain] Partner Type of Partners' Capital Account, Name [Domain] General Partner General Partner [Member] Limited Partners Limited Partner [Member] Statement [Line Items] Statement [Line Items] Increase (Decrease) in Partners' Capital [Roll Forward] Increase (Decrease) in Partners' Capital [Roll Forward] Beginning balance Partners' Capital Beginning balance (in units) Partners' Capital Account, Units Distributions Partners' Capital Account, Distributions Net loss Ending balance Ending balance (in units) Summary of mortgage notes payable Schedule of Long-term Debt Instruments [Table Text Block] Schedule of annual principal payments on mortgage notes payable Schedule of Maturities of Long-term Debt [Table Text Block] Schedule of amortization of deferred financing costs Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] MORTGAGE NOTES PAYABLE, NET Mortgage Notes Payable Disclosure [Text Block] Statement of Financial Position [Abstract] ASSETS Assets [Abstract] Rental properties, at cost: Real Estate Investment Property, Net [Abstract] Land Land Buildings and improvements Investment Building and Building Improvements Personal property Fixtures and Equipment, Gross Identifiable intangible assets Other Intangible Assets, Net Total rental properties, at cost Real Estate Investment Property, at Cost Accumulated depreciation and amortization Real Estate Investment Property, Accumulated Depreciation Total rental properties, net Real Estate Investment Property, Net Cash Cash Restricted cash Tenant receivables, net Accounts Receivable, Net Accounts receivable due from related parties Accounts Receivable, Related Parties Prepaid expenses and other assets Prepaid Expense and Other Assets Accounts Receivable - other Accounts and Other Receivables, Net, Current Total assets Assets LIABILITIES AND PARTNERS’ CAPITAL Liabilities and Equity [Abstract] Liabilities: Liabilities [Abstract] Mortgage notes payable, net Notes Payable Accounts payable and accrued expenses Accounts Payable and Accrued Liabilities Real estate tax payable Accrual for Taxes Other than Income Taxes Accrued interest Interest Payable Payables to related parties Due to Related Parties Prepaid rent Deferred Revenue, Leases, Net Security deposits Security Deposit Liability Total liabilities Liabilities Partners’ capital Total liabilities and partners’ capital Liabilities and Equity RESTRICTED CASH Restricted Assets Disclosure [Text Block] Related Party Transactions [Abstract] CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS Related Party Transactions Disclosure [Text Block] Schedule of Related Party Transactions, by Related Party [Table] Schedule of Related Party Transactions, by Related Party [Table] Related Party Transaction [Axis] Related Party Transaction [Axis] Related Party Transaction [Domain] Related Party Transaction [Domain] Investment Management Fees Investment Management Fees [Member] Investment Management Fees [Member] Reimbursed Expenses Including Payroll and Miscellaneous Operating Expenses Reimbursed Expenses Including Payroll and Miscellaneous Operating Expenses [Member] Reimbursed Expenses Including Payroll and Miscellaneous Operating Expenses [Member] Related Party [Axis] Related Party [Axis] Related Party [Domain] Related Party [Domain] RCP RREML Subsidiary of Common Parent [Member] RCP and RREMI RCP and RREMI [Member] Refers to group of entity under the control of the same parent as another entity (that is, a sister company). Related Party Transaction [Line Items] Related Party Transaction [Line Items] Insurance coverage, maximum amount for property losses Insurance Coverage, Maximum Amount For Property Losses Insurance Coverage, Maximum Amount For Property Losses Insurance coverage, maximum amount for general liability losses Insurance Coverage, Amount For General Liability Losses Covered Insurance Coverage, Amount For General Liability Losses Covered Insurance coverage, catastrophic, maximum amount for property losses Insurance Coverage, Catastrophic, Maximum Amount For Property Losses Insurance Coverage, Catastrophic, Maximum Amount For Property Losses Insurance coverage, insurance pools, amount funded by partnership Insurance Coverage, Insurance Pools, Amount Funded By Partnership Insurance Coverage, Insurance Pools, Amount Funded By Partnership Annual investment management fee as a percentage of gross proceeds (in hundredths) Annual investment management fee as a percentage of gross proceeds The annual investment management fee as a percentage of gross proceeds from the offering of partnership units, net of any LP interest owned by the general partner, payable to the general partner on a monthly basis. Percentage of annual investment management fee subordinated to the receipt by the Limited Partners (in hundredths) Percentage Of Annual Investment Management Fee Subordinated To LP Preferred Return The percentage of the annual investment management fees that are subordinated to the receipt by the limited partners of their Preferred Return. Investment management fees due Related Party Transaction, Due from (to) Related Party, Current Management fees - related parties Related Party Transaction, Expenses from Transactions with Related Party Fees and advances due Accounts Receivable, Related Parties, Noncurrent Total fees Related Party Transaction, Amounts of Transaction Property management fee, percent Property Management Fee, Percent Fee Monthly management fee entitled to receive Monthly Management Fee Entitled To Receive Monthly Management Fee Entitled To Receive Investment management fee that general partner must subordinate to its preferred returns Investment Management Fee That General Partner Must Subordinate To Its Preferred Returns Investment Management Fee That General Partner Must Subordinate To Its Preferred Returns Summary of receivables and payables, fees paid and expenses reimbursed to related parties Schedule of Related Party Transactions [Table Text Block] FAIR VALUE OF FINANCIAL INSTRUMENTS Fair Value Disclosures [Text Block] Statement of Cash Flows [Abstract] Cash flows from operating activities: Net Cash Provided by (Used in) Operating Activities [Abstract] Net (loss) income Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Gain on sale of rental properties Gain (Loss) on Sale of Properties Depreciation and amortization Depreciation, Depletion and Amortization Amortization of deferred financing costs Amortization of Financing Costs Loss on disposal of fixed assets Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property Changes in operating assets and liabilities: Increase (Decrease) in Operating Capital [Abstract] Restricted cash Increase (Decrease) in Restricted Cash for Operating Activities Tenant receivables, net Increase (Decrease) in Accounts Receivable Accounts receivable - other Increase (Decrease) in Accounts and Other Receivables Prepaid expense and other assets Increase (Decrease) in Prepaid Expense and Other Assets Accounts receivable due from related parties Increase (Decrease) in Accounts Receivable, Related Parties Accounts payable and accrued expenses Increase (Decrease) in Accounts Payable and Accrued Liabilities Real estate tax payable Increase (Decrease) in Property and Other Taxes Payable Accrued interest Increase (Decrease) in Interest Payable, Net Payables to related parties Increase (Decrease) in Due to Related Parties Prepaid rent Increase (Decrease) in Prepaid Rent Security deposits Increase (Decrease) in Security Deposits Net cash provided by (used in) operating activities Net Cash Provided by (Used in) Operating Activities Cash flows from investing activities: Net Cash Provided by (Used in) Investing Activities [Abstract] Capital expenditures Payments to Acquire Property, Plant, and Equipment Restricted cash Increase (Decrease) in Restricted Cash Proceeds from sale of rental property Proceeds from Sale of Productive Assets Net cash (used in) provided by investing activities Net Cash Provided by (Used in) Investing Activities Cash flows from financing activities: Net Cash Provided by (Used in) Financing Activities [Abstract] Distributions to limited partners Distribution Made to Limited Partner, Cash Distributions Paid Principal payments on mortgage notes payable Repayments of First Mortgage Bond Net cash used in financing activities Net Cash Provided by (Used in) Financing Activities Net (decrease) increase in cash Cash, Period Increase (Decrease) Cash at beginning of period Cash at end of period Settlement of mortgage notes payable with proceeds from sale of rental property Mortgage Loan Related to Property Sales Summary of components of restricted cash Schedule of Restricted Cash and Cash Equivalents [Table Text Block] Subsequent Events [Abstract] Subsequent Event [Table] Subsequent Event [Table] Subsequent Event Type [Axis] Subsequent Event Type [Axis] Subsequent Event Type [Domain] Subsequent Event Type [Domain] Subsequent Event Subsequent Event [Member] Disposal Group Name [Domain] Subsequent Event [Line Items] Subsequent Event [Line Items] Expected consideration for sale of properties Disposal Group, Including Discontinued Operation, Consideration SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Significant Accounting Policies [Text Block] Organization, Consolidation and Presentation of Financial Statements [Abstract] Limited Partnership, Summary of Ownership Structure [Line Items] Limited Partnership, Summary of Ownership Structure [Line Items] Limited Partnership, Summary of Ownership Structure [Line Items] Minimum capital contribution General Partners' Contributed Capital Limited partnership interest Limited partnership interest The percentage of the limited partnership interest held by the general partner in the Partnership. Partnership term extension maximum Partnership term extension, Maximum The maximum period for which the general partner has the right to extend the term of the partnership agreement beyond the initial termination date. May be shown as years, months, days or some other period. Partnership term extended until March 28, 2017 Partnership Term Extension Period Partnership Term Extension Period Income allocation to Limited Partners Income allocation to Limited Partners The percentage of income allocated to Limited Partners, after allocation to partners in proportion with capital accounts (deficit balances) and distributable cash as defined under the agreement. Losses allocated to Limited Partners until their aggregate capital account balances Losses allocated to Limited Partners until their aggregate capital account balances The percentage of losses allocated to Limited Partners until their aggregate capital account balances over the aggregate Adjusted Capital Contributions under the agreement. Losses allocated to Limited Partners, excess Losses allocated to Limited Partners, excess The percentage of losses allocated to Limited Partners after allocation of losses to their aggregate capital account balances over the aggregate Adjusted Capital Contributions and the allocation to Partners in proportion to their capital accounts (deficit balances) under the agreement. Distributable cash from operations allocated to Limited Partners Distributable cash from operations allocated to Limited Partners The percentage of distributable cash from operations allocated to Limited Partners after receiving their Preferred Return under the agreement. Distributable cash from operations allocated, excess Distributable cash from operations allocated, excess The percentage of distributable cash from operations allocated after allocation to Limited Partners after receiving their Preferred Return under the agreement. Distributable cash from capital transactions allocated to Limited Partners after receiving Preferred Return Distributable cash from capital transactions allocated to Limited Partners after receiving Preferred Return The percentage of distributable cash from capital transactions allocated to Limited Partners after receiving their Preferred Return under the agreement. Distributable cash from capital transactions allocated to Limited Partners after receiving Adjusted Capital Contributions Distributable cash from capital transactions allocated to Limited Partners after receiving Adjusted Capital Contributions The percentage of distributable cash from capital transactions allocated to Limited Partners after receiving their Adjusted Capital Contributions under the agreement. Distributable cash from capital transactions allocated, excess Distributable cash from capital transactions allocated, excess The percentage of distributable cash from capital transactions allocated after allocation to Limited Partners after receiving their Preferred Return and Adjusted Capital Contributions under the agreement. SUBSEQUENT EVENTS Subsequent Events [Text Block] Fair Value, by Balance Sheet Grouping [Table] Fair Value, by Balance Sheet Grouping [Table] Fair Value, by Balance Sheet Grouping, Disclosure Item Amounts [Axis] Measurement Basis [Axis] Fair Value, Disclosure Item Amounts [Domain] Fair Value Measurement [Domain] Portion at Fair Value Measurement [Member] Portion at Fair Value Measurement [Member] Mortgage Balance Reported Value Measurement [Member] Estimated Fair Value Estimate of Fair Value Measurement [Member] Fair Value, Hierarchy [Axis] Fair Value, Hierarchy [Axis] Fair Value Hierarchy [Domain] Fair Value Hierarchy [Domain] Fair Value, Inputs, Level 3 Fair Value, Inputs, Level 3 [Member] Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Mortgage notes payable Notes Payable, Fair Value Disclosure NATURE OF BUSINESS AND OPERATIONS Nature of Operations [Text Block] Discontinued Operations and Disposal Groups [Abstract] DISPOSITION OF PROPERTIES Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] Schedule of consolidated subsidiaries Schedule of Subsidiary of Limited Liability Company or Limited Partnership, Description [Table Text Block] Useful lives used for calculating depreciation for financial reporting Property, Plant and Equipment [Table Text Block] Partnership's Disposition Activity Disposal Groups, Including Discontinued Operations [Table Text Block] Partners' Capital, Distributions Policies Incentive Distribution Policy, Managing Member or General Partner, Description [Policy Text Block] Principles of Consolidation Consolidation, Policy [Policy Text Block] Assets Held For Sale Real Estate Held for Development and Sale, Policy [Policy Text Block] Use of Estimates Use of Estimates, Policy [Policy Text Block] Advertising Advertising Cost, Policy, Expensed Advertising Cost [Policy Text Block] Deferred Financing Costs Deferred Charges, Policy [Policy Text Block] Sale of the Rental Property Sale Of The Rental Property [Policy Text Block] Sale Of The Rental Property [Policy Text Block] Income Taxes Income Tax, Policy [Policy Text Block] Revenue Recognition Revenue Recognition Leases, Operating [Policy Text Block] Long-Lived Assets Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] Rental Properties Rental Properties [Policy Text Block] Disclosure of accounting policy for rental property which may include the basis of such assets, depreciation methods used and estimated useful lives, the entity's capitalization policy, including its accounting treatment for costs incurred for repairs and maintenance activities, whether such asset balances include capitalized interest and the method by which such is calculated, how disposals of such assets are accounted for and how impairment of such assets is assessed and recognized. Tenant Receivables Receivables, Policy [Policy Text Block] Redemptions Redemptions [Policy Text Block] The accounting policy for the redemption of capital units. Recent Accounting Pronouncements New Accounting Pronouncements, Policy [Policy Text Block] Document and Entity Information [Abstract] -- None. No documentation exists for this element. -- Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Current Fiscal Year End Date Current Fiscal Year End Date Entity Filer Category Entity Filer Category Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Document Type Document Type Amendment Flag Amendment Flag Document Period End Date Document Period End Date Disposal Groups, Including Discontinued Operations [Table] Disposal Groups, Including Discontinued Operations [Table] Tamarlane Tamarlane [Member] Tamarlane [Member] Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] Contract Sales Price Gain on Sale Revenue Attributable to Properties Sold Disposal Group, Including Discontinued Operation, Revenue Net Income Attributable to Properties Sold Disposal Group, Including Discontinued Operation, Operating Income (Loss) EX-101.PRE 11 rsvn-20160811_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 12 r7aa02a01a01a01a03.jpg begin 644 r7aa02a01a01a01a03.jpg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end XML 13 R1.htm IDEA: XBRL DOCUMENT v3.5.0.2
Document and Entity Information
 6 Months Ended
Jun. 30, 2016
shares
Document and Entity Information [Abstract]  
Entity Registrant Name Resource Real Estate Investors 7, L.P.
Entity Central Index Key 0001486279
Current Fiscal Year End Date --12-31
Entity Filer Category Smaller Reporting Company
Entity Common Stock, Shares Outstanding 0
Document Fiscal Year Focus 2016
Document Fiscal Period Focus Q2
Document Type 10-Q
Amendment Flag false
Document Period End Date Jun. 30, 2016
XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Rental properties, at cost:    
Land $ 4,201 $ 4,201
Buildings and improvements 32,070 31,920
Personal property 1,630 1,551
Identifiable intangible assets 1,497 1,497
Total rental properties, at cost 39,398 39,169
Accumulated depreciation and amortization (10,382) (9,634)
Total rental properties, net 29,016 29,535
Cash 5,862 6,702
Restricted cash 1,024 1,600
Tenant receivables, net 20 70
Accounts receivable due from related parties 216 171
Prepaid expenses and other assets 149 71
Accounts Receivable - other 304 0
Total assets 36,591 38,149
Liabilities:    
Mortgage notes payable, net 25,450 25,630
Accounts payable and accrued expenses 427 574
Real estate tax payable 626 1,132
Accrued interest 111 116
Payables to related parties 212 138
Prepaid rent 65 114
Security deposits 172 170
Total liabilities 27,063 27,874
Partners’ capital 9,528 10,275
Total liabilities and partners’ capital $ 36,591 $ 38,149
XML 15 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Rental income $ 2,062 $ 2,463 $ 4,101 $ 5,456
Expenses:        
Rental operating 1,119 1,249 2,336 2,690
Management fees – related parties 145 182 293 411
General and administrative 81 138 289 338
Depreciation and amortization 376 497 753 995
Total expenses 1,721 2,066 3,671 4,434
Income before other income (expense) 341 397 430 1,022
Other income (expense):        
Interest expense, net (358) (462) (716) (1,113)
Gain on sale of rental property 0 0 10 9,603
Loss on disposal of fixed assets 0 0 (2) 0
Total other income (expenses) (358) (462) (708) 8,490
Net (loss) income $ (17) $ (65) $ (278) $ 9,512
Weighted average number of limited partner units outstanding (in units) 3,270 3,270 3,270 3,270
Net (loss) income per weighted average limited partner unit, basic and diluted (in usd per share) $ (0.01) $ (0.02) $ (0.09) $ 2.91
XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENT OF CHANGES IN PARTNERS' CAPITAL - 6 months ended Jun. 30, 2016 - USD ($)
$ in Thousands
Total
General Partner
Limited Partners
Beginning balance at Dec. 31, 2015 $ 10,275 $ 1 $ 10,274
Beginning balance (in units) at Dec. 31, 2015     3,269,655
Increase (Decrease) in Partners' Capital [Roll Forward]      
Distributions (469)   $ (469)
Net loss (278)   (278)
Ending balance at Jun. 30, 2016 $ 9,528 $ 1 $ 9,527
Ending balance (in units) at Jun. 30, 2016     3,269,655
XML 17 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net (loss) income $ (278) $ 9,512
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Gain on sale of rental properties (10) (9,603)
Depreciation and amortization 753 995
Amortization of deferred financing costs 42 81
Loss on disposal of fixed assets 2 0
Changes in operating assets and liabilities:    
Restricted cash 626 750
Tenant receivables, net 50 (8)
Accounts receivable - other (304) 0
Prepaid expense and other assets (78) (50)
Accounts receivable due from related parties (45) (80)
Accounts payable and accrued expenses (147) 189
Real estate tax payable (506) (451)
Accrued interest (5) (28)
Payables to related parties 74 (1,853)
Prepaid rent (49) (8)
Security deposits 2 5
Net cash provided by (used in) operating activities 127 (549)
Cash flows from investing activities:    
Capital expenditures (236) (182)
Restricted cash (50) 258
Proceeds from sale of rental property 10 11,683
Net cash (used in) provided by investing activities (276) 11,759
Cash flows from financing activities:    
Distributions to limited partners (469) (9,722)
Principal payments on mortgage notes payable (222) (300)
Net cash used in financing activities (691) (10,022)
Net (decrease) increase in cash (840) 1,188
Cash at beginning of period 6,702 4,483
Cash at end of period 5,862 5,671
Settlement of mortgage notes payable with proceeds from sale of rental property $ 0 $ 12,452
XML 18 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
NATURE OF BUSINESS AND OPERATIONS
 6 Months Ended
Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
NATURE OF BUSINESS AND OPERATIONS
NOTE 1 - NATURE OF BUSINESS AND OPERATIONS
Resource Real Estate Investors 7, L.P. (“R-7” or the “Partnership”) is a Delaware limited partnership which owns and operates multifamily residential rental properties located in Texas and South Carolina (the “Properties”). The Partnership also may invest in interests in real estate mortgages and other debt instruments that are secured, directly or indirectly, by multifamily residential rental properties, although the Partnership held no such investments as of June 30, 2016 and December 31, 2015.  The Partnership was formed on March 28, 2008 and commenced operations on June 16, 2008.  The General Partner, Resource Capital Partners, Inc. (“RCP”, the “General Partner”, or the “GP”), is in the business of sponsoring and managing real estate investment limited partnerships and tenant in common programs. RCP contributed $1,000 in cash as its minimum capital contribution to the Partnership.  In addition, RCP held a 5.62% limited partnership interest in the Partnership at June 30, 2016 and December 31, 2015. RCP is an indirect wholly owned subsidiary of Resource America, Inc. (“RAI”), a publicly traded company (NASDAQ: REXI) operating in the real estate, financial fund management and commercial finance sectors.
In accordance with the First Amended and Restated Agreement of Limited Partnership (the “Agreement”), the GP has the right to extend the Partnership term for a maximum of two years in the aggregate following the initial termination date. In February 2016, the GP extended the Partnership term for one year until March 28, 2017. The Partnership has begun the process of dissolution through the strategic disposal of assets. On March 19, 2015, the Partnership sold its interest in Woodland Hills. On December 1, 2015, the Partnership sold its interest in Tamarlane. The remaining Properties are expected to be disposed of later in 2016.
The Agreement provides that income is allocated as follows: first, to the Limited Partners (“LPs”) and the GP (collectively, the “Partners”) in proportion to and to the extent of the deficit balances, if any, in their respective capital accounts; second, to the Partners in proportion to the allocations of Distributable Cash (as defined in the Agreement); and third, 100% to the LPs.  All losses are allocated as follows: first, 100% to the LPs until the LPs have been allocated losses equal to the excess, if any, of their aggregate capital account balances over the aggregate Adjusted Capital Contributions (as defined in the Agreement); second, to the Partners in proportion to and to the extent of their respective remaining positive capital account balances, if any; and third, 100% to the LPs.
Distributable cash from operations, payable monthly, as determined by the GP, is first allocated 100% to the LPs until the LP’s have received their Preferred Return (as defined in the Agreement); and thereafter, 80% to the LPs and 20% to the GP.
Distributable cash from capital transactions, as determined by the GP, is first allocated 100% to the LPs until the LPs have received their Preferred Return; second, 100% to the LPs until their Adjusted Capital Contributions have been reduced to zero; and thereafter, 80% to the LPs and 20% to the GP.
The consolidated financial statements and the information and tables contained in the notes thereto as of June 30, 2016 are unaudited. The consolidated balance sheet as of December 31, 2015 was derived from the audited consolidated financial statements as of and for the year ended December 31, 2015. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). However, in the opinion of management, these interim financial statements include all the necessary adjustments to fairly present the results of the interim periods presented. The unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2015. The results of operations for the three and six months ended June 30, 2016 may not necessarily be indicative of the results of operations for the full year ending December 31, 2016.
XML 19 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A summary of the significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows:
Principles of Consolidation
The consolidated financial statements include the accounts of the Partnership and its wholly-owned subsidiaries, as follows:

Subsidiaries
 
Number
of Units
 
Location
RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (“Tamarlane”) (1)
 
—
 
—
RRE Bent Oaks Holdings, LLC, or Bent Oaks Apartments (“Bent Oaks”)
 
146
 
Austin, TX
RRE Cape Cod Holdings,  LLC, or Cape Cod Apartments (“Cape Cod”)
 
212
 
San Antonio, TX
RRE Woodhollow Holdings, LLC, or Woodhollow Apartments (“Woodhollow”)
 
108
 
Austin, TX
RRE Woodland Hills Holdings, LLC (“Hills”) (2)
 
—
 
—
RRE Woodland Village Holdings, LLC, or Woodland Village Apartments (“Village”)
 
308
 
Columbia, SC
 
 
774
 
 

 
(1) Tamarlane, a 115 unit multifamily apartment complex in Maine, was sold on December 1, 2015.
(2) The Hills, a 228 unit multifamily apartment complex in Georgia, was sold on March 19, 2015.
All intercompany transactions and balances have been eliminated in consolidation.
Assets Held for Sale
The Partnership presents the assets and liabilities of any rental properties which qualify as held for sale, separately in the consolidated balance sheets. The Partnership does not consider the sale as probable until the purchase and sale agreement has been signed by both parties. Real estate assets held for sale are measured at the lower of carrying amount or fair value less cost to sell. Both the real estate and the corresponding liabilities are presented separately in the Consolidated Balance Sheets. Subsequent to classification of an asset as held for sale, no further depreciation is recorded.
Geographic Concentration Risk
As of June 30, 2016, the Partnership's net investments in real estate in Texas and South Carolina represented 66% and 34%, respectively, of the Partnership’s total assets. As a result, the geographic concentration of the Partnership’s portfolio makes it particularly susceptible to adverse economic developments in the Texas and South Carolina real estate markets. Any adverse economic or real estate developments in these markets could adversely affect the Partnership’s operating results.
Use of Estimates
The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  The Partnership estimates the allowance for uncollectible receivables and loan losses and adjusts the balance quarterly.  The Partnership also estimates the liability for real estate taxes on the properties and adjusts the balance quarterly if necessary. Actual results could differ from those estimates.
Supplemental Disclosure of Cash Flow Information
During the six months ended June 30, 2016 and 2015, the Partnership paid $702,000 and $1.1 million, respectively, in cash for interest.
Advertising
The Partnership expenses advertising costs as they are incurred.  Advertising costs, which are included in rental operating expenses, totaled $22,000 and $48,000 for the three and six months ended June 30, 2016 and $39,000 and $60,000 for the three and six months ended June 30, 2015, respectively.
Deferred Financing Costs
Costs incurred to obtain financing have been capitalized and are being amortized over the term of the related debt using the effective yield method. In accordance with adoption of Financial Accounting Standard Board ("FASB") Accounting Standards Update ("ASU") 2015-03 "Simplifying the Presentation of Debt Issuance Costs", the Partnership has recorded deferred financing costs as a direct reduction of the related mortgage notes payable.
Sale of the Rental Property
The Partnership recognized the gains on sales of rental properties separately in the Consolidated Statement of Operations. In March 2015, the Partnership sold its interest in the Hills and recognized a gain of $9.6 million on the sale.
Income Taxes
Income taxes or credits resulting from earnings or losses are payable by, or accrue to the benefit of, the partners; accordingly, no provision has been made for income taxes in these consolidated financial statements.
The Partnership evaluates the benefits of tax positions taken or expected to be taken in its tax returns under a two-step recognition and measurement process.  Only the largest amount of benefits from the tax positions that will more likely than not be sustainable upon examination are recognized by the Partnership.  The Partnership does not have any unrecognized tax benefits, nor interest and penalties, recorded in the Consolidated Balance Sheets or Consolidated Statements of Operations and does not anticipate significant adjustments to the total amount of unrecognized tax benefits within the next twelve months.
The Partnership is subject to examination by the U.S. Internal Revenue Service and by the taxing authorities in those states in which the Partnership has significant business operations.  The Partnership is not currently undergoing any examinations by taxing authorities.  The Partnership may be subject to U.S. federal income tax and state/local income tax examinations for years 2013 through 2015.
Revenue Recognition
Revenue is primarily derived from the rental of residential housing units with lease agreement terms of generally one year or less.  The Partnership recognizes revenue in the period that rent is earned, which is on a monthly basis.  The Partnership recognizes rent as income on a straight-line basis over the term of the related lease.  Additionally, any incentives included in the lease are amortized on a straight-line basis over the term of the related lease.
Included within rental income are other income amounts such as utility reimbursements, late fees, parking fees, pet fees and lease application fees which are recognized when earned or received. For the three and six months ended June 30, 2016 other income totaled $233,000 and $456,000, respectively. For the three and six months ended June 30, 2015 other income totaled $206,000 and $408,000, respectively.
The future minimum rental payments to be received from leases currently in place is approximately $4.3 million and $56,000 for the twelve months ending June 30, 2017 and 2018, respectively, and none thereafter.
Long-Lived Assets
The Partnership reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  If it is determined that an asset’s estimated future cash flows will not be sufficient to recover its carrying amount, an impairment charge will be recorded to reduce the carrying amount for that asset to its estimated fair value. The Partnership has estimated that the future cash flows from its properties will be sufficient to recover their
carrying amounts and, as a result, the Partnership did not recognize any impairment losses with respect to its Properties for the
six months ended June 30, 2016 and 2015.
Rental Properties
Rental properties are carried at cost, net of accumulated depreciation.  Buildings and improvements and personal property are depreciated for financial reporting purposes on the straight-line method over their estimated useful lives.  The value of in-place leases is amortized over the average remaining term of the respective leases on a straight-line basis.  Useful lives used for calculating depreciation for financial reporting purposes are as follows:
 
Buildings and improvements
5 - 27.5 years
 
 
Personal property
3 - 15 years
 

Tenant Receivables
Tenant receivables are stated at amounts due from tenants net of an allowance for uncollectible receivables.  Payment terms vary and receivables outstanding longer than the payment terms are considered past due.  The Partnership determines its allowance by considering a number of factors, including the length of time receivables are past due, security deposits held, the Partnership’s previous loss history, the tenants’ current ability to pay their obligations to the Partnership, the general condition of the economy and the condition of the industry as a whole.  The Partnership writes off receivables when they become uncollectible.  At June 30, 2016 and December 31, 2015, there were no allowances for uncollectible receivables.
Redemptions
The LPs may request redemption of their units at any time.  The Partnership has no obligation to redeem any units and will do so only at the GP’s discretion.  If the Partnership redeems units, the redemption price is generally the amount of the initial investment less all distributions from the Partnership to the LP, and less all organization and offering expenses charged to the LP.

Adoption of New Accounting Standards

In January 2015, FASB issued ASU No. 2015-01, "Income Statement - Extraordinary and Unusual Items (Subtopic 225-20), Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items" ("ASU No. 2015-01"). The amendments in ASU No. 2015-01 eliminate from GAAP the concept of extraordinary items. Although the amendment will eliminate the requirements for reporting entities to consider whether an underlying event or transaction is extraordinary, the presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual in nature and infrequently occurring.  ASU No. 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. On January 1, 2016, the Partnership adopted ASU 2015-01 and the adoption had no impact on the Partnership's consolidated financial statements.

In February 2015, FASB issued ASU 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis" (“ASU 2015-02”), which makes certain changes to both the variable interest model and the voting model, including changes to (1) the identification of variable interests (fees paid to a decision maker or service provider), (2) the variable interest
entity characteristics for a limited partnership or similar entity and (3) the primary beneficiary determination. ASU 2015-02 is effective for the Partnership beginning January 1, 2016. On January 1, 2016, the Partnership adopted ASU 2015-02 and the adoption had no impact on the Partnership's consolidated financial statements.

In April 2015, FASB issued ASU 2015-03, "Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03"), which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected. Upon adoption, the Partnership applied the new guidance on a retrospective basis and adjusted the balance sheet of each individual period presented to reflect the period-specific effects of applying the new guidance. This guidance was effective and was adopted by the Partnership on January 1, 2016 and as result the Partnership has reclassified $261,000 of unamortized debt issuance costs at December 31, 2015 from deferred financing costs to liabilities as reduction of the related mortgage notes payable

In September 2015, FASB issued ASU 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments" ("ASU 2015-16"), which eliminates the requirement to retroactively revise comparative financial information for prior periods presented in financial statements due to changes in provisional amounts recorded for acquisitions in subsequent periods. Upon adoption, disclosure of the amounts recorded in current-period earnings that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized at the acquisition date are required. ASU 2015-16 was effective and adopted by the Partnership on January 1, 2016 and the adoption had no impact on its consolidated financial statements.
Accounting Standards Issued But Not Yet Effective.

In May 2014, FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” ("ASU No. 2014-09"), which will replace most existing revenue recognition guidance in GAAP.  The core principle of ASU No. 2014-09 is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services.  ASU No. 2014-09 requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. ASU No. 2014-09 will be effective for the Partnership beginning January 1, 2018, including interim periods in 2018, and allows for both retrospective and prospective methods of adoption. The Partnership is in the process of determining the method of adoption and assessing the impact of this guidance on the Partnership’s consolidated financial position, results of operations and cash flows.

In August 2014, FASB issued ASU No. 2014-15, "Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern" ("ASU No. 2014-15"). Under the new guidance, an entity should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. The guidance is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early adoption is permitted. The adoption of the new requirements is not expected to have a significant impact on the Partnership's consolidated financial statements.

In February 2016, FASB issued ASU No. 2016-02, "Leases" ("ASU No. 2016-02"). which is intended to improve financial reporting about leasing transactions and requires organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. ASU No. 2016-02 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Partnership is continuing to evaluate this guidance; however, it does not expect the adoption of ASU No. 2016-02 to have a significant impact on its consolidated financial statements.

In June 2016, FASB issued ASU No. 2016-13 “Financial Instruments - Credit Losses” ("ASU No. 2016-13") which requires measurement and recognition of expected credit losses for financial assets held. The standard update is effective for the Company beginning January 1, 2019. The Company is continuing to evaluate this guidance; however, it does not expect the adoption of ASU No. 2016-13 to have a significant impact on its consolidated financial statements.
XML 20 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
RESTRICTED CASH
 6 Months Ended
Jun. 30, 2016
Restricted Cash and Investments [Abstract]  
RESTRICTED CASH
NOTE 3 - RESTRICTED CASH
Restricted cash represents escrow deposits with lenders to be used to pay real estate taxes, insurance, and capital improvements.  A summary of the components of restricted cash follows (in thousands):
 
June 30,
2016
 
December 31,
2015
Real estate taxes
$
510

 
$
1,034

Insurance
77

 
180

Capital improvements
437

 
386

Total
$
1,024

 
$
1,600
XML 21 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
MORTGAGE NOTES PAYABLE, NET
 6 Months Ended
Jun. 30, 2016
Notes Payable [Abstract]  
MORTGAGE NOTES PAYABLE, NET
NOTE 4 - MORTGAGE NOTES PAYABLE, NET
The following is a summary of mortgage notes payable, net (in thousands):
 
 
June 30, 2016
 
December 31, 2015
     Property
 
Mortgage balance
 
Deferred Finance Costs, Net (1)
 
Carrying Value
 
Mortgage balance
 
Deferred Finance Costs, Net(1)
 
Carrying Value
Bent Oaks
 
$
5,685

 
$
(42
)
 
$
5,643

 
$
5,731

 
$
(50
)
 
$
5,681

Cape Cod
 
5,903

 
(42
)
 
5,861

 
5,951

 
(51
)
 
5,900

Woodhollow
 
4,878

 
(36
)
 
4,842

 
4,916

 
(43
)
 
4,873

Village
 
9,203

 
(99
)
 
9,104

 
9,293

 
(117
)
 
9,176

Total
 
$
25,669

 
$
(219
)
 
$
25,450

 
$
25,891

 
$
(261
)
 
$
25,630


(1) Deferred financing costs include unamortized costs incurred to obtain financing which are being amortized over the term of the related debt.  
The following table includes additional information about the Partnership's mortgage notes payable, net (in thousands):
     Property
 
Maturity
Date
 
Annual
Interest Rate
 
Monthly
Debt Service
 
Bent Oaks
 
01/01/2019
(2) 
5.99%
 
$
37

(1) 
Cape Cod
 
01/01/2019
(2) 
5.91%
 
$
38

(1) 
Woodhollow
 
01/01/2019
(2) 
6.14%
 
$
32

(1) 
Village
 
04/01/2019
 
3.76%
 
$
44

(1) 

(1)
Monthly payment includes principal and interest. Interest is at a fixed rate.
(2)
The Partnership has an option to extend the maturity date for an additional one year to January 1, 2020. During the extension
period, the interest rate would convert to the Federal Home Loan Mortgage Corporation Bill Index Rate plus 2.5%.

Annual contractual principal payments on the mortgage notes payable for the future years ending June 30, are as follows (in thousands):
2017
 
466

2018
 
491

2019
 
24,712

 
 
$
25,669


The mortgage notes payable are with recourse only to the Properties securing them subject to certain limited standard exceptions, as defined in the mortgage notes, which the GP has guaranteed with respect to each property.  These exceptions are referred to as “carveouts”.  In general, carveouts relate to damages suffered by the lender for a subsidiary’s failure to pay rents, insurance or condemnation proceeds to the lender, to pay water, sewer and other public assessments or charges, to pay environmental compliance costs or to deliver books and records, in each case as required in the loan documents.  The exceptions also require the GP to guarantee payment of audit costs, lender’s enforcement of its rights under the loan documents and payment of the loan if the subsidiary voluntarily files for bankruptcy or seeks reorganization, or if a related party of the subsidiary does so with respect to the subsidiary.
Deferred financing costs include unamortized costs incurred to obtain financing which are being amortized over the term of the related debt.  Accumulated amortization as of June 30, 2016 and December 31, 2015 was $528,000 and $486,000, respectively.  Estimated amortization of existing deferred financing costs for the next three years ending June 30, is as follows (in thousands):
2017
$
83

2018
81

2019
55

 
$
219
XML 22 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS
 6 Months Ended
Jun. 30, 2016
Related Party Transactions [Abstract]  
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS
NOTE 5 - CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS
     In the ordinary course of its business operations, the Partnership has ongoing relationships with several related entities.
Substantially all of the receivables from related parties represents escrow funds held by RAI for self insurance. The Partnership's properties participate in insurance pools with other properties directly and indirectly managed by RAI for both property insurance and general liability. RAI holds the escrow funds related to the insurance pools on its books. The pool for the property insurance covers losses up to $2.5 million and the pool for the general liability covers losses up to the first $50,000 per incident. Catastrophic insurance would cover property losses in excess of the insurance pool up to $140 million. Therefore, unforeseen or catastrophic losses in excess of the Partnership's insured limits could have a material adverse effect on the Partnership's financial condition and operating results. In the three months ended June 30, 2016, the Partnership funded $136,523 into the insurance pools.
On May 22, 2016, RAI agreed to be acquired by C-III Capital Partners LLC ("C-III"), a leading commercial real estate services company engaged in a broad range of activities.  The proposed merger is expected to close late in the third quarter of 2016 and is subject to approval by the stockholders RAI, regulatory approvals and other customary closing conditions. Upon closing of the transaction, C-III will control RCP and all of the partnership units of the Partnership currently owned by RCP. 
RCP is entitled to receive an annual investment management fee, payable monthly, equal to 1% of the gross offering proceeds that have been deployed in real estate investments from the offering of partnership units, net of any amounts otherwise attributable to LP interests owned by RCP.  During the term of the Partnership, RCP must subordinate up to 100% of its annual investment management fee to the receipt by the LPs of their Preferred Return.  As of June 30, 2016 and December 31, 2015, the amount of unpaid subordinated investment management fees totaled $108,000 and $15,000, respectively. During the six months ended June 30, 2016 and 2015 the Partnership paid investment management fees totaling $0 and $1.9 million, respectively.
A wholly-owned subsidiary of RCP, Resource Real Estate Management, LLC (“RREML”) is entitled to receive property and debt management fees. RREML engaged Resource Real Estate Management, Inc (“RREMI”), an indirect wholly owned subsidiary of RAI, to manage the Partnership’s Properties. As of June 30, 2016 and December 31, 2015, property management fees due totaled $68,000 and $62,000, respectively. Because the Partnership has not acquired any real estate debt investments, there were no debt management fees as of June 30, 2016 and December 31, 2015.
During the ordinary course of business, RCP and RREMI advance funds for ordinary operating expenses on behalf of the Properties. As of June 30, 2016 and December 31, 2015, advances due totaled $36,000 and $61,000, respectively. Total reimbursable operating expenses incurred during the three months ended June 30, 2016 and June 30, 2015 were $427,000 and $573,000, respectively. Total reimbursable operating expenses incurred during the six months ended June 30, 2016 and June 30, 2015 were $822,000 and $1.1 million, respectively. Reimbursed expenses include payroll and miscellaneous operating expenses. Reimbursed operating expenses are included in property rental operating expenses in the consolidated statements of operations.
The Partnership pays investment management fees and property management fees to related parties.  These expenses are summarized as follows (in thousands):
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
 
2016
 
2015
 
2016
 
2015
 
RCP:
 
 
 
 
 
 
 
 
    Investment management fees (1)
$
46

 
$
59

 
$
92

 
$
137

 
 
 
 
 
 
 
 
 
 
RREML:
 

 
 

 
 
 
 
 
    Property management fees - 5% of gross cash receipts (2)
99

 
119

 
$
201

 
274

 
 
$
145

 
$
178

 
$
293

 
$
411

 


(1) RCP is entitled to receive an annual investment management fee, payable monthly, equal to 1% of the gross proceeds that have been deployed in real estate investments from the offering of partnership units, net of any LP interest owned by RCP. During the term of the Partnership, RCP must subordinate up to 100% of its annual investment management fee to the receipt by the LPs of their Preferred Return.
(2) RREML is entitled to receive monthly property management fees equal to 5% of the gross operating revenues from the Partnership’s 100% owned Properties for managing or obtaining and supervising third party managers.
XML 23 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2
FAIR VALUE OF FINANCIAL INSTRUMENTS
 6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS
NOTE 6 - FAIR VALUE OF FINANCIAL INSTRUMENTS
In analyzing the fair value of its financial instruments disclosed or accounted for on a fair value basis, the Partnership follows the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.  The Partnership determines fair value based on quoted prices when available or, if quoted prices are not available, through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the financial instruments.  The fair value of cash, tenant receivables and accounts payable approximate their carrying values due to their short term nature.  The hierarchy followed defines three levels of inputs that may be used to measure fair value:
Level 1 - Quoted prices in active markets for identical assets that the reporting entity has the ability to access at the measurement date. 
Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or can be corroborated with observable market data for substantially the entire contractual term of the asset.
Level 3 - Unobservable inputs that reflect the entity’s own assumptions about the assumptions that market participants would use in the pricing of the asset and are consequently not based on market activity, but rather through particular valuation techniques.
The following methods and assumptions were used to estimate the fair value of the Partnership’s financial instruments:
•
Mortgage notes payable.  Rates currently available to the Partnership for debt with similar terms and remaining maturities are used to estimate the fair value of existing debt.
The estimated fair value measurements of the mortgage notes payable are classified within level 3 of the fair value hierarchy.
The carrying amounts and estimated fair values of the Partnership’s financial instruments were as follows (in thousands):
 
June 30, 2016
 
December 31, 2015
 
Mortgage Balance
 
Estimated Fair Value
 
Mortgage Balance
 
Estimated Fair Value
Mortgage notes payable:
 
 
 
 
 
 
 
Bent Oaks
5,685

 
6,157

 
5,731

 
6,121

Cape Cod
5,903

 
6,380

 
5,951

 
6,343

Woodhollow
4,878

 
5,264

 
4,916

 
5,234

Village
9,203

 
9,365

 
9,293

 
9,305

Total mortgage notes payable
$
25,669

 
$
27,166

 
$
25,891

 
$
27,003
XML 24 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
DISPOSITION OF PROPERTIES
 6 Months Ended
Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]  
DISPOSITION OF PROPERTIES
NOTE 7 - DISPOSITION OF PROPERTIES
The following table presents details of the Partnership's disposition activity during the year ended December 31, 2015 (in thousands):
Multifamily Community
 
Location
 
Sale Date
 
Contract Sales Price
 
Gain on Sale
2015 Dispositions:
 
 
 
 
 
 
 
 
RRE Woodland Hills Holdings, LLC (“Hills”)
 
Decatur, Georgia
 
3/19/2015
 
$
25,200

 
$
9,603

RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (“Tamarlane”)
 
Portland, Maine
 
12/1/2015
 
18,300

 
8,042

 
 
 
 
 
 
 
 
$
17,645


The table below presents the revenues and net income (loss) attributable to properties sold for the three and six months ended June 30, 2015 (in thousands):
 
 
Revenue Attributable to Properties Sold
 
Net Income Attributable to Properties Sold
Multifamily Community
 
Three months ended June 30, 2015
 
Six months ended June 30, 2015
 
Three months ended June 30, 2015
 
Six months ended June 30, 2015
2015 Dispositions:
 
 
 
 
 
 
 
 
RRE Woodland Hills Holdings, LLC (“Hills”)
 
$
1

 
$
602

 
$
8

 
$
151

RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (“Tamarlane”)
 
495

 
964

 
62

 
58

 
 
$
496

 
$
1,566

 
$
70

 
$
209



There were no dispositions for the three and six months ended June 30, 2016.
XML 25 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
SUBSEQUENT EVENTS
 6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
NOTE 8 - SUBSEQUENT EVENTS

On July 14, 2016, the Partnership signed a contract to sell Woodland Village Apartments for $20.7 million. On July 28, 2016, the Partnership signed a contract to sell Bent Oaks Apartments for $15.7 million and Woodhollow Apartments for $12.6 million. We expect to record gains on the sales during the three months ended September 30, 2016.

The Partnership has evaluated subsequent events through the date these consolidated financial statements were issued and determined that no events, other than those disclosed above, have occurred which would require an adjustment to the consolidated financial statements.
XML 26 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Partners' Capital, Distributions Policies
The Agreement provides that income is allocated as follows: first, to the Limited Partners (“LPs”) and the GP (collectively, the “Partners”) in proportion to and to the extent of the deficit balances, if any, in their respective capital accounts; second, to the Partners in proportion to the allocations of Distributable Cash (as defined in the Agreement); and third, 100% to the LPs.  All losses are allocated as follows: first, 100% to the LPs until the LPs have been allocated losses equal to the excess, if any, of their aggregate capital account balances over the aggregate Adjusted Capital Contributions (as defined in the Agreement); second, to the Partners in proportion to and to the extent of their respective remaining positive capital account balances, if any; and third, 100% to the LPs.
Principles of Consolidation
Principles of Consolidation
The consolidated financial statements include the accounts of the Partnership and its wholly-owned subsidiaries, as follows:

Subsidiaries
 
Number
of Units
 
Location
RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (“Tamarlane”) (1)
 
—
 
—
RRE Bent Oaks Holdings, LLC, or Bent Oaks Apartments (“Bent Oaks”)
 
146
 
Austin, TX
RRE Cape Cod Holdings,  LLC, or Cape Cod Apartments (“Cape Cod”)
 
212
 
San Antonio, TX
RRE Woodhollow Holdings, LLC, or Woodhollow Apartments (“Woodhollow”)
 
108
 
Austin, TX
RRE Woodland Hills Holdings, LLC (“Hills”) (2)
 
—
 
—
RRE Woodland Village Holdings, LLC, or Woodland Village Apartments (“Village”)
 
308
 
Columbia, SC
 
 
774
 
 

 
(1) Tamarlane, a 115 unit multifamily apartment complex in Maine, was sold on December 1, 2015.
(2) The Hills, a 228 unit multifamily apartment complex in Georgia, was sold on March 19, 2015.
All intercompany transactions and balances have been eliminated in consolidation.
Assets Held For Sale
Assets Held for Sale
The Partnership presents the assets and liabilities of any rental properties which qualify as held for sale, separately in the consolidated balance sheets. The Partnership does not consider the sale as probable until the purchase and sale agreement has been signed by both parties. Real estate assets held for sale are measured at the lower of carrying amount or fair value less cost to sell. Both the real estate and the corresponding liabilities are presented separately in the Consolidated Balance Sheets. Subsequent to classification of an asset as held for sale, no further depreciation is recorded.
Use of Estimates
Use of Estimates
The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  The Partnership estimates the allowance for uncollectible receivables and loan losses and adjusts the balance quarterly.  The Partnership also estimates the liability for real estate taxes on the properties and adjusts the balance quarterly if necessary. Actual results could differ from those estimates.
Advertising
Advertising
The Partnership expenses advertising costs as they are incurred.  Advertising costs, which are included in rental operating expenses
Deferred Financing Costs
Deferred Financing Costs
Costs incurred to obtain financing have been capitalized and are being amortized over the term of the related debt using the effective yield method.
Sale of the Rental Property
Sale of the Rental Property
The Partnership recognized the gains on sales of rental properties separately in the Consolidated Statement of Operations.
Income Taxes
Income Taxes
Income taxes or credits resulting from earnings or losses are payable by, or accrue to the benefit of, the partners; accordingly, no provision has been made for income taxes in these consolidated financial statements.
The Partnership evaluates the benefits of tax positions taken or expected to be taken in its tax returns under a two-step recognition and measurement process.  Only the largest amount of benefits from the tax positions that will more likely than not be sustainable upon examination are recognized by the Partnership.  The Partnership does not have any unrecognized tax benefits, nor interest and penalties, recorded in the Consolidated Balance Sheets or Consolidated Statements of Operations and does not anticipate significant adjustments to the total amount of unrecognized tax benefits within the next twelve months.
The Partnership is subject to examination by the U.S. Internal Revenue Service and by the taxing authorities in those states in which the Partnership has significant business operations.  The Partnership is not currently undergoing any examinations by taxing authorities.  The Partnership may be subject to U.S. federal income tax and state/local income tax examinations for years 2013 through 2015.
Revenue Recognition
Revenue Recognition
Revenue is primarily derived from the rental of residential housing units with lease agreement terms of generally one year or less.  The Partnership recognizes revenue in the period that rent is earned, which is on a monthly basis.  The Partnership recognizes rent as income on a straight-line basis over the term of the related lease.  Additionally, any incentives included in the lease are amortized on a straight-line basis over the term of the related lease.
Included within rental income are other income amounts such as utility reimbursements, late fees, parking fees, pet fees and lease application fees which are recognized when earned or received.
Long-Lived Assets
Long-Lived Assets
The Partnership reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  If it is determined that an asset’s estimated future cash flows will not be sufficient to recover its carrying amount, an impairment charge will be recorded to reduce the carrying amount for that asset to its estimated fair value. The Partnership has estimated that the future cash flows from its properties will be sufficient to recover their
carrying amounts and, as a result, the Partnership did not recognize any impairment losses with respect to its Properties for the
six months ended June 30, 2016 and 2015.
Rental Properties
Rental Properties
Rental properties are carried at cost, net of accumulated depreciation.  Buildings and improvements and personal property are depreciated for financial reporting purposes on the straight-line method over their estimated useful lives.  The value of in-place leases is amortized over the average remaining term of the respective leases on a straight-line basis.  Useful lives used for calculating depreciation for financial reporting purposes are as follows:
 
Buildings and improvements
5 - 27.5 years
 
 
Personal property
3 - 15 years
 
Tenant Receivables
Tenant Receivables
Tenant receivables are stated at amounts due from tenants net of an allowance for uncollectible receivables.  Payment terms vary and receivables outstanding longer than the payment terms are considered past due.  The Partnership determines its allowance by considering a number of factors, including the length of time receivables are past due, security deposits held, the Partnership’s previous loss history, the tenants’ current ability to pay their obligations to the Partnership, the general condition of the economy and the condition of the industry as a whole.  The Partnership writes off receivables when they become uncollectible.
Redemptions
Redemptions
The LPs may request redemption of their units at any time.  The Partnership has no obligation to redeem any units and will do so only at the GP’s discretion.  If the Partnership redeems units, the redemption price is generally the amount of the initial investment less all distributions from the Partnership to the LP, and less all organization and offering expenses charged to the LP.
Recent Accounting Pronouncements
Adoption of New Accounting Standards

In January 2015, FASB issued ASU No. 2015-01, "Income Statement - Extraordinary and Unusual Items (Subtopic 225-20), Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items" ("ASU No. 2015-01"). The amendments in ASU No. 2015-01 eliminate from GAAP the concept of extraordinary items. Although the amendment will eliminate the requirements for reporting entities to consider whether an underlying event or transaction is extraordinary, the presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual in nature and infrequently occurring.  ASU No. 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. On January 1, 2016, the Partnership adopted ASU 2015-01 and the adoption had no impact on the Partnership's consolidated financial statements.

In February 2015, FASB issued ASU 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis" (“ASU 2015-02”), which makes certain changes to both the variable interest model and the voting model, including changes to (1) the identification of variable interests (fees paid to a decision maker or service provider), (2) the variable interest
entity characteristics for a limited partnership or similar entity and (3) the primary beneficiary determination. ASU 2015-02 is effective for the Partnership beginning January 1, 2016. On January 1, 2016, the Partnership adopted ASU 2015-02 and the adoption had no impact on the Partnership's consolidated financial statements.

In April 2015, FASB issued ASU 2015-03, "Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03"), which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected. Upon adoption, the Partnership applied the new guidance on a retrospective basis and adjusted the balance sheet of each individual period presented to reflect the period-specific effects of applying the new guidance. This guidance was effective and was adopted by the Partnership on January 1, 2016 and as result the Partnership has reclassified $261,000 of unamortized debt issuance costs at December 31, 2015 from deferred financing costs to liabilities as reduction of the related mortgage notes payable

In September 2015, FASB issued ASU 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments" ("ASU 2015-16"), which eliminates the requirement to retroactively revise comparative financial information for prior periods presented in financial statements due to changes in provisional amounts recorded for acquisitions in subsequent periods. Upon adoption, disclosure of the amounts recorded in current-period earnings that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized at the acquisition date are required. ASU 2015-16 was effective and adopted by the Partnership on January 1, 2016 and the adoption had no impact on its consolidated financial statements.
Accounting Standards Issued But Not Yet Effective.

In May 2014, FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” ("ASU No. 2014-09"), which will replace most existing revenue recognition guidance in GAAP.  The core principle of ASU No. 2014-09 is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services.  ASU No. 2014-09 requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. ASU No. 2014-09 will be effective for the Partnership beginning January 1, 2018, including interim periods in 2018, and allows for both retrospective and prospective methods of adoption. The Partnership is in the process of determining the method of adoption and assessing the impact of this guidance on the Partnership’s consolidated financial position, results of operations and cash flows.

In August 2014, FASB issued ASU No. 2014-15, "Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern" ("ASU No. 2014-15"). Under the new guidance, an entity should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. The guidance is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early adoption is permitted. The adoption of the new requirements is not expected to have a significant impact on the Partnership's consolidated financial statements.

In February 2016, FASB issued ASU No. 2016-02, "Leases" ("ASU No. 2016-02"). which is intended to improve financial reporting about leasing transactions and requires organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. ASU No. 2016-02 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Partnership is continuing to evaluate this guidance; however, it does not expect the adoption of ASU No. 2016-02 to have a significant impact on its consolidated financial statements.

In June 2016, FASB issued ASU No. 2016-13 “Financial Instruments - Credit Losses” ("ASU No. 2016-13") which requires measurement and recognition of expected credit losses for financial assets held. The standard update is effective for the Company beginning January 1, 2019. The Company is continuing to evaluate this guidance; however, it does not expect the adoption of ASU No. 2016-13 to have a significant impact on its consolidated financial statements.
XML 27 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Schedule of consolidated subsidiaries
The consolidated financial statements include the accounts of the Partnership and its wholly-owned subsidiaries, as follows:

Subsidiaries
 
Number
of Units
 
Location
RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (“Tamarlane”) (1)
 
—
 
—
RRE Bent Oaks Holdings, LLC, or Bent Oaks Apartments (“Bent Oaks”)
 
146
 
Austin, TX
RRE Cape Cod Holdings,  LLC, or Cape Cod Apartments (“Cape Cod”)
 
212
 
San Antonio, TX
RRE Woodhollow Holdings, LLC, or Woodhollow Apartments (“Woodhollow”)
 
108
 
Austin, TX
RRE Woodland Hills Holdings, LLC (“Hills”) (2)
 
—
 
—
RRE Woodland Village Holdings, LLC, or Woodland Village Apartments (“Village”)
 
308
 
Columbia, SC
 
 
774
 
 

 
(1) Tamarlane, a 115 unit multifamily apartment complex in Maine, was sold on December 1, 2015.
(2) The Hills, a 228 unit multifamily apartment complex in Georgia, was sold on March 19, 2015.
Useful lives used for calculating depreciation for financial reporting
Useful lives used for calculating depreciation for financial reporting purposes are as follows:
 
Buildings and improvements
5 - 27.5 years
 
 
Personal property
3 - 15 years
 
XML 28 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
RESTRICTED CASH (Tables)
 6 Months Ended
Jun. 30, 2016
Restricted Cash and Investments [Abstract]  
Summary of components of restricted cash
A summary of the components of restricted cash follows (in thousands):
 
June 30,
2016
 
December 31,
2015
Real estate taxes
$
510

 
$
1,034

Insurance
77

 
180

Capital improvements
437

 
386

Total
$
1,024

 
$
1,600
XML 29 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
MORTGAGE NOTES PAYABLE, NET (Tables)
 6 Months Ended
Jun. 30, 2016
Notes Payable [Abstract]  
Summary of mortgage notes payable
The following is a summary of mortgage notes payable, net (in thousands):
 
 
June 30, 2016
 
December 31, 2015
     Property
 
Mortgage balance
 
Deferred Finance Costs, Net (1)
 
Carrying Value
 
Mortgage balance
 
Deferred Finance Costs, Net(1)
 
Carrying Value
Bent Oaks
 
$
5,685

 
$
(42
)
 
$
5,643

 
$
5,731

 
$
(50
)
 
$
5,681

Cape Cod
 
5,903

 
(42
)
 
5,861

 
5,951

 
(51
)
 
5,900

Woodhollow
 
4,878

 
(36
)
 
4,842

 
4,916

 
(43
)
 
4,873

Village
 
9,203

 
(99
)
 
9,104

 
9,293

 
(117
)
 
9,176

Total
 
$
25,669

 
$
(219
)
 
$
25,450

 
$
25,891

 
$
(261
)
 
$
25,630


(1) Deferred financing costs include unamortized costs incurred to obtain financing which are being amortized over the term of the related debt.  
The following table includes additional information about the Partnership's mortgage notes payable, net (in thousands):
     Property
 
Maturity
Date
 
Annual
Interest Rate
 
Monthly
Debt Service
 
Bent Oaks
 
01/01/2019
(2) 
5.99%
 
$
37

(1) 
Cape Cod
 
01/01/2019
(2) 
5.91%
 
$
38

(1) 
Woodhollow
 
01/01/2019
(2) 
6.14%
 
$
32

(1) 
Village
 
04/01/2019
 
3.76%
 
$
44

(1) 

(1)
Monthly payment includes principal and interest. Interest is at a fixed rate.
(2)
The Partnership has an option to extend the maturity date for an additional one year to January 1, 2020. During the extension
period, the interest rate would convert to the Federal Home Loan Mortgage Corporation Bill Index Rate plus 2.5%.
Schedule of annual principal payments on mortgage notes payable
Annual contractual principal payments on the mortgage notes payable for the future years ending June 30, are as follows (in thousands):
2017
 
466

2018
 
491

2019
 
24,712

 
 
$
25,669
Schedule of amortization of deferred financing costs
Estimated amortization of existing deferred financing costs for the next three years ending June 30, is as follows (in thousands):
2017
$
83

2018
81

2019
55

 
$
219
XML 30 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Tables)
 6 Months Ended
Jun. 30, 2016
Related Party Transactions [Abstract]  
Summary of receivables and payables, fees paid and expenses reimbursed to related parties
The Partnership pays investment management fees and property management fees to related parties.  These expenses are summarized as follows (in thousands):
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
 
2016
 
2015
 
2016
 
2015
 
RCP:
 
 
 
 
 
 
 
 
    Investment management fees (1)
$
46

 
$
59

 
$
92

 
$
137

 
 
 
 
 
 
 
 
 
 
RREML:
 

 
 

 
 
 
 
 
    Property management fees - 5% of gross cash receipts (2)
99

 
119

 
$
201

 
274

 
 
$
145

 
$
178

 
$
293

 
$
411

 


(1) RCP is entitled to receive an annual investment management fee, payable monthly, equal to 1% of the gross proceeds that have been deployed in real estate investments from the offering of partnership units, net of any LP interest owned by RCP. During the term of the Partnership, RCP must subordinate up to 100% of its annual investment management fee to the receipt by the LPs of their Preferred Return.
(2) RREML is entitled to receive monthly property management fees equal to 5% of the gross operating revenues from the Partnership’s 100% owned Properties for managing or obtaining and supervising third party managers.
XML 31 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Carrying and fair values of financial instruments
The carrying amounts and estimated fair values of the Partnership’s financial instruments were as follows (in thousands):
 
June 30, 2016
 
December 31, 2015
 
Mortgage Balance
 
Estimated Fair Value
 
Mortgage Balance
 
Estimated Fair Value
Mortgage notes payable:
 
 
 
 
 
 
 
Bent Oaks
5,685

 
6,157

 
5,731

 
6,121

Cape Cod
5,903

 
6,380

 
5,951

 
6,343

Woodhollow
4,878

 
5,264

 
4,916

 
5,234

Village
9,203

 
9,365

 
9,293

 
9,305

Total mortgage notes payable
$
25,669

 
$
27,166

 
$
25,891

 
$
27,003
XML 32 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
DISPOSITION OF PROPERTIES (Tables)
 6 Months Ended
Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Partnership's Disposition Activity
The following table presents details of the Partnership's disposition activity during the year ended December 31, 2015 (in thousands):
Multifamily Community
 
Location
 
Sale Date
 
Contract Sales Price
 
Gain on Sale
2015 Dispositions:
 
 
 
 
 
 
 
 
RRE Woodland Hills Holdings, LLC (“Hills”)
 
Decatur, Georgia
 
3/19/2015
 
$
25,200

 
$
9,603

RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (“Tamarlane”)
 
Portland, Maine
 
12/1/2015
 
18,300

 
8,042

 
 
 
 
 
 
 
 
$
17,645

The table below presents the revenues and net income (loss) attributable to properties sold for the three and six months ended June 30, 2015 (in thousands):
 
 
Revenue Attributable to Properties Sold
 
Net Income Attributable to Properties Sold
Multifamily Community
 
Three months ended June 30, 2015
 
Six months ended June 30, 2015
 
Three months ended June 30, 2015
 
Six months ended June 30, 2015
2015 Dispositions:
 
 
 
 
 
 
 
 
RRE Woodland Hills Holdings, LLC (“Hills”)
 
$
1

 
$
602

 
$
8

 
$
151

RRE Tamarlane Holdings, LLC, or Tamarlane Apartments (“Tamarlane”)
 
495

 
964

 
62

 
58

 
 
$
496

 
$
1,566

 
$
70

 
$
209
XML 33 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
NATURE OF BUSINESS AND OPERATIONS (Details) - USD ($)
 1 Months Ended 3 Months Ended 6 Months Ended
Feb. 29, 2016
Mar. 31, 2016
Jun. 30, 2016
Dec. 31, 2015
Limited Partnership, Summary of Ownership Structure [Line Items]        
Partnership term extension maximum   2 years    
Partnership term extended until March 28, 2017 1 year      
General Partner        
Limited Partnership, Summary of Ownership Structure [Line Items]        
Minimum capital contribution     $ 1,000  
Limited partnership interest     5.62% 5.62%
Distributable cash from operations allocated, excess     20.00%  
Distributable cash from capital transactions allocated, excess     20.00%  
Limited Partners        
Limited Partnership, Summary of Ownership Structure [Line Items]        
Income allocation to Limited Partners     100.00%  
Losses allocated to Limited Partners until their aggregate capital account balances     100.00%  
Losses allocated to Limited Partners, excess     100.00%  
Distributable cash from operations allocated to Limited Partners     100.00%  
Distributable cash from operations allocated, excess     80.00%  
Distributable cash from capital transactions allocated to Limited Partners after receiving Preferred Return     100.00%  
Distributable cash from capital transactions allocated to Limited Partners after receiving Adjusted Capital Contributions     100.00%  
Distributable cash from capital transactions allocated, excess     80.00%  
XML 34 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)
 1 Months Ended 3 Months Ended 6 Months Ended
Mar. 31, 2015
USD ($)
Jun. 30, 2016
USD ($)
Unit
Jun. 30, 2015
USD ($)
Jun. 30, 2016
USD ($)
Unit
Jun. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
Dec. 01, 2015
Unit
Mar. 19, 2015
Unit
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]                
Number of units | Unit   774   774        
Gain on sale of rental property   $ 0 $ 0 $ 10,000 $ 9,603,000      
Reclassfications [Abstract]                
Deferred finance costs   219,000   $ 219,000        
Revenue Recognition [Abstract]                
Approximate lease agreement term       1 year        
Future minimum rental payments to be received [Abstract]                
2017   4,300,000   $ 4,300,000        
2018   56,000   56,000        
Thereafter   0   0        
Supplemental Disclosure of Cash Flow Information [Abstract]                
Cash paid for interest       702,000 1,100,000      
Advertising [Abstract]                
Advertising expense   22,000 39,000 48,000 60,000      
Tenant Receivables [Abstract]                
Allowance for uncollectible receivables   0   0   $ 0    
Other Noncurrent Assets | Accounting Standards Update 2015-03                
Reclassfications [Abstract]                
Deferred finance costs           261,000    
Long-term Debt | Accounting Standards Update 2015-03                
Reclassfications [Abstract]                
Deferred finance costs           $ 261,000    
Rental Income                
Revenue Recognition [Abstract]                
Other Income included in rental income   $ 233,000 $ 206,000 $ 456,000 $ 408,000      
RRE Woodland Hills Holdings, LLC | Disposal Group                
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]                
Gain on sale of rental property $ 9,600,000              
Geographic Concentration Risk | Partnership Total Assets | Texas                
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]                
Concentration risk, percentage       66.00%        
Geographic Concentration Risk | Partnership Total Assets | South Carolina                
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]                
Concentration risk, percentage       34.00%        
Buildings and improvements | Minimum                
Property, Plant and Equipment [Line Items]                
Estimated useful life       5 years        
Buildings and improvements | Maximum                
Property, Plant and Equipment [Line Items]                
Estimated useful life       27 years 6 months        
Personal Property | Minimum                
Property, Plant and Equipment [Line Items]                
Estimated useful life       3 years        
Personal Property | Maximum                
Property, Plant and Equipment [Line Items]                
Estimated useful life       15 years        
RRE Tamarlane Holdings, LLC                
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]                
Number of units | Unit   0   0        
Number of units sold in real estate | Unit             115  
Bent Oaks                
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]                
Number of units | Unit   146   146        
Cape Cod                
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]                
Number of units | Unit   212   212        
Woodhollow                
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]                
Number of units | Unit   108   108        
RRE Woodland Hills Holdings, LLC                
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]                
Number of units | Unit   0   0        
Number of units sold in real estate | Unit               228
Village                
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]                
Number of units | Unit   308   308        
XML 35 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
RESTRICTED CASH (Details) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Restricted Cash and Cash Equivalents Items [Line Items]    
Restricted cash $ 1,024 $ 1,600
Real Estate Taxes    
Restricted Cash and Cash Equivalents Items [Line Items]    
Restricted cash 510 1,034
Insurance    
Restricted Cash and Cash Equivalents Items [Line Items]    
Restricted cash 77 180
Capital Improvements    
Restricted Cash and Cash Equivalents Items [Line Items]    
Restricted cash $ 437 $ 386
XML 36 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
MORTGAGE NOTES PAYABLE, NET (Details) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Dec. 31, 2015
Debt Instrument [Line Items]    
Deferred finance costs, net $ (219)  
Total long-term debt 25,669  
Annual principal payments on the mortgage notes payable [Abstract]    
2017 466  
2018 491  
2019 24,712  
Total long-term debt 25,669  
Amortization of financing costs and discounts [Abstract]    
Accumulated amortization 528 $ 486
2017 83  
2018 81  
2019 55  
Total deferred finance costs 219  
Mortgage Notes Payable    
Debt Instrument [Line Items]    
Mortgage balance 25,669 25,891
Deferred finance costs, net (219) (261)
Total long-term debt 25,450 25,630
Annual principal payments on the mortgage notes payable [Abstract]    
Total long-term debt 25,450 25,630
Amortization of financing costs and discounts [Abstract]    
Total deferred finance costs 219 261
Mortgage Notes Payable | Bent Oaks    
Debt Instrument [Line Items]    
Mortgage balance 5,685 5,731
Deferred finance costs, net (42) (50)
Total long-term debt $ 5,643 5,681
Maturity date Jan. 01, 2019  
Annual interest rate 5.99%  
Monthly debt service $ 37  
Option to extend maturity 1 year  
Annual principal payments on the mortgage notes payable [Abstract]    
Total long-term debt $ 5,643 5,681
Amortization of financing costs and discounts [Abstract]    
Total deferred finance costs $ 42 50
Mortgage Notes Payable | Bent Oaks | LIBOR    
Debt Instrument [Line Items]    
Basis points added to variable interest rate 2.50%  
Mortgage Notes Payable | Cape Cod    
Debt Instrument [Line Items]    
Mortgage balance $ 5,903 5,951
Deferred finance costs, net (42) (51)
Total long-term debt $ 5,861 5,900
Maturity date Jan. 01, 2019  
Annual interest rate 5.91%  
Monthly debt service $ 38  
Option to extend maturity 1 year  
Annual principal payments on the mortgage notes payable [Abstract]    
Total long-term debt $ 5,861 5,900
Amortization of financing costs and discounts [Abstract]    
Total deferred finance costs $ 42 51
Mortgage Notes Payable | Cape Cod | LIBOR    
Debt Instrument [Line Items]    
Basis points added to variable interest rate 2.50%  
Mortgage Notes Payable | Woodhollow    
Debt Instrument [Line Items]    
Mortgage balance $ 4,878 4,916
Deferred finance costs, net (36) (43)
Total long-term debt $ 4,842 4,873
Maturity date Jan. 01, 2019  
Annual interest rate 6.14%  
Monthly debt service $ 32  
Option to extend maturity 1 year  
Annual principal payments on the mortgage notes payable [Abstract]    
Total long-term debt $ 4,842 4,873
Amortization of financing costs and discounts [Abstract]    
Total deferred finance costs $ 36 43
Mortgage Notes Payable | Woodhollow | LIBOR    
Debt Instrument [Line Items]    
Basis points added to variable interest rate 2.50%  
Mortgage Notes Payable | Village    
Debt Instrument [Line Items]    
Mortgage balance $ 9,203 9,293
Deferred finance costs, net (99) (117)
Total long-term debt $ 9,104 9,176
Maturity date Apr. 01, 2019  
Annual interest rate 3.76%  
Monthly debt service $ 44  
Annual principal payments on the mortgage notes payable [Abstract]    
Total long-term debt 9,104 9,176
Amortization of financing costs and discounts [Abstract]    
Total deferred finance costs $ 99 $ 117
XML 37 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Related Party Transaction [Line Items]          
Insurance coverage, maximum amount for property losses     $ 2,500,000    
Insurance coverage, maximum amount for general liability losses     50,000    
Insurance coverage, catastrophic, maximum amount for property losses     140,000,000    
Insurance coverage, insurance pools, amount funded by partnership $ 136,523        
Total fees 145,000 $ 178,000 $ 293,000 $ 411,000  
RCP          
Related Party Transaction [Line Items]          
Annual investment management fee as a percentage of gross proceeds (in hundredths)     1.00%    
Percentage of annual investment management fee subordinated to the receipt by the Limited Partners (in hundredths)     100.00%    
Investment management fees due 108,000   $ 108,000   $ 15,000
Management fees - related parties $ 46,000 59,000 $ 92,000 137,000  
Monthly management fee entitled to receive 1.00%        
Investment management fee that general partner must subordinate to its preferred returns 100.00%   100.00%    
RREML          
Related Party Transaction [Line Items]          
Management fees - related parties $ 99,000 $ 119,000 $ 201,000 $ 274,000  
Fees and advances due $ 68,000   $ 68,000   62,000
Property management fee, percent 5.00% 5.00% 5.00% 5.00%  
Monthly management fee entitled to receive 5.00%        
Investment management fee that general partner must subordinate to its preferred returns 100.00%   100.00%    
RCP and RREMI          
Related Party Transaction [Line Items]          
Fees and advances due $ 36,000   $ 36,000   $ 61,000
Investment Management Fees | RCP          
Related Party Transaction [Line Items]          
Management fees - related parties     0 $ 1,900,000  
Reimbursed Expenses Including Payroll and Miscellaneous Operating Expenses | RCP and RREMI          
Related Party Transaction [Line Items]          
Management fees - related parties $ 427,000 $ 573,000 $ 822,000 $ 1,100,000  
XML 38 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - Fair Value, Inputs, Level 3 - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Mortgage Balance    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Mortgage notes payable $ 25,669 $ 25,891
Mortgage Balance | Bent Oaks    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Mortgage notes payable 5,685 5,731
Mortgage Balance | Cape Cod    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Mortgage notes payable 5,903 5,951
Mortgage Balance | Woodhollow    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Mortgage notes payable 4,878 4,916
Mortgage Balance | Village    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Mortgage notes payable 9,203 9,293
Estimated Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Mortgage notes payable 27,166 27,003
Estimated Fair Value | Bent Oaks    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Mortgage notes payable 6,157 6,121
Estimated Fair Value | Cape Cod    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Mortgage notes payable 6,380 6,343
Estimated Fair Value | Woodhollow    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Mortgage notes payable 5,264 5,234
Estimated Fair Value | Village    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Mortgage notes payable $ 9,365 $ 9,305
XML 39 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
DISPOSITION OF PROPERTIES (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Dec. 01, 2015
Mar. 19, 2015
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]              
Gain on Sale     $ 0 $ 0 $ (2) $ 0 $ 17,645
Revenue Attributable to Properties Sold       496   1,566  
Net Income Attributable to Properties Sold       70   209  
RRE Woodland Hills Holdings, LLC              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]              
Contract Sales Price   $ 25,200          
Gain on Sale   $ 9,603          
Revenue Attributable to Properties Sold       1   602  
Net Income Attributable to Properties Sold       8   151  
Tamarlane              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]              
Contract Sales Price $ 18,300            
Gain on Sale $ 8,042            
Revenue Attributable to Properties Sold       495   964  
Net Income Attributable to Properties Sold       $ 62   $ 58  
XML 40 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
SUBSEQUENT EVENTS (Details) - Subsequent Event - USD ($)
$ in Millions
Jul. 28, 2016
Jul. 14, 2016
Village    
Subsequent Event [Line Items]    
Expected consideration for sale of properties   $ 20.7
Bent Oaks    
Subsequent Event [Line Items]    
Expected consideration for sale of properties $ 15.7  
Woodhollow    
Subsequent Event [Line Items]    
Expected consideration for sale of properties $ 12.6  
EXCEL 41 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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

X M'<+YUFJ@6(XHT*,XT",W!8F<4.O%$>VO/#*DB!#,:A MGA\"V2H-RR %.AA'.H\)HGJ9) ] TV"P4%*@E'%L<8$UD$9_T>18:2B2&J.T M8K,8S)K9 ABEJ+9,'",4%!? A9ZUN!A60D:,#+E.M1E 8ZH =/T\V&Z C;LB M8/:XL?PR4UDYH7K<"&3LVV: DCF@EP>@:5I8[1E2>[W7 (;77>QV MS%Y_ )H&@P63]LNI]XK?\' M4$L#!!0 ( (9^#$E ="%+[ ( *D- 9 >&PO=V]R:W-H965T0';S!G.&1A?%F=5OS4'*;7W4195L_0/6A\?@Z#9'&29-0_J M*"OS9*?J,M.F6^^#YEC+;&N#RB)@A(B@S/+*7RWLV'.]6JB3+O)*/M=>"U2*XQFWS4E9-KBJOEKNE_X4^KKF%6,2O7)Z; M0=MKDW]5ZJWM_-@N?=+F( NYT2U%9F[O0GQO3+[ MZ.YY9>_G[DE"^C

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end XML 42 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 43 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 45 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 112 162 1 false 44 0 false 5 false false R1.htm 0001000 - Document - Document and Entity Information Sheet http://www.resourcerei.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 1001000 - Statement - CONSOLIDATED BALANCE SHEETS Sheet http://www.resourcerei.com/role/ConsolidatedBalanceSheets CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 1002000 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS Sheet http://www.resourcerei.com/role/ConsolidatedStatementsOfOperations CONSOLIDATED STATEMENTS OF OPERATIONS Statements 3 false false R4.htm 1003000 - Statement - CONSOLIDATED STATEMENT OF CHANGES IN PARTNERS' CAPITAL Sheet http://www.resourcerei.com/role/ConsolidatedStatementOfChangesInPartnersCapital CONSOLIDATED STATEMENT OF CHANGES IN PARTNERS' CAPITAL Statements 4 false false R5.htm 1004000 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS Sheet http://www.resourcerei.com/role/ConsolidatedStatementsOfCashFlows CONSOLIDATED STATEMENTS OF CASH FLOWS Statements 5 false false R6.htm 2101100 - Disclosure - NATURE OF BUSINESS AND OPERATIONS Sheet http://www.resourcerei.com/role/NatureOfBusinessAndOperations NATURE OF BUSINESS AND OPERATIONS Notes 6 false false R7.htm 2101100 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://www.resourcerei.com/role/SummaryOfSignificantAccountingPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes 7 false false R8.htm 2102100 - Disclosure - RESTRICTED CASH Sheet http://www.resourcerei.com/role/RestrictedCash RESTRICTED CASH Notes 8 false false R9.htm 2105100 - Disclosure - MORTGAGE NOTES PAYABLE, NET Notes http://www.resourcerei.com/role/MortgageNotesPayableNet MORTGAGE NOTES PAYABLE, NET Notes 9 false false R10.htm 2106100 - Disclosure - CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS Sheet http://www.resourcerei.com/role/CertainRelationshipsAndRelatedPartyTransactions CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS Notes 10 false false R11.htm 2107100 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS Sheet http://www.resourcerei.com/role/FairValueOfFinancialInstruments FAIR VALUE OF FINANCIAL INSTRUMENTS Notes 11 false false R12.htm 2108100 - Disclosure - DISPOSITION OF PROPERTIES Sheet http://www.resourcerei.com/role/DispositionOfProperties DISPOSITION OF PROPERTIES Notes 12 false false R13.htm 2109100 - Disclosure - SUBSEQUENT EVENTS Sheet http://www.resourcerei.com/role/SubsequentEvents SUBSEQUENT EVENTS Notes 13 false false R14.htm 2201201 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://www.resourcerei.com/role/SummaryOfSignificantAccountingPoliciesPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 14 false false R15.htm 2301302 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Sheet http://www.resourcerei.com/role/SummaryOfSignificantAccountingPoliciesTables SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Tables http://www.resourcerei.com/role/SummaryOfSignificantAccountingPolicies 15 false false R16.htm 2302301 - Disclosure - RESTRICTED CASH (Tables) Sheet http://www.resourcerei.com/role/RestrictedCashTables RESTRICTED CASH (Tables) Tables http://www.resourcerei.com/role/RestrictedCash 16 false false R17.htm 2305301 - Disclosure - MORTGAGE NOTES PAYABLE, NET (Tables) Notes http://www.resourcerei.com/role/MortgageNotesPayableNetTables MORTGAGE NOTES PAYABLE, NET (Tables) Tables http://www.resourcerei.com/role/MortgageNotesPayableNet 17 false false R18.htm 2306301 - Disclosure - CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Tables) Sheet http://www.resourcerei.com/role/CertainRelationshipsAndRelatedPartyTransactionsTables CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Tables) Tables http://www.resourcerei.com/role/CertainRelationshipsAndRelatedPartyTransactions 18 false false R19.htm 2307301 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) Sheet http://www.resourcerei.com/role/FairValueOfFinancialInstrumentsTables FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) Tables http://www.resourcerei.com/role/FairValueOfFinancialInstruments 19 false false R20.htm 2308301 - Disclosure - DISPOSITION OF PROPERTIES (Tables) Sheet http://www.resourcerei.com/role/DispositionOfPropertiesTables DISPOSITION OF PROPERTIES (Tables) Tables http://www.resourcerei.com/role/DispositionOfProperties 20 false false R21.htm 2401401 - Disclosure - NATURE OF BUSINESS AND OPERATIONS (Details) Sheet http://www.resourcerei.com/role/NatureOfBusinessAndOperationsDetails NATURE OF BUSINESS AND OPERATIONS (Details) Details http://www.resourcerei.com/role/NatureOfBusinessAndOperations 21 false false R22.htm 2401403 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Sheet http://www.resourcerei.com/role/SummaryOfSignificantAccountingPoliciesDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Details http://www.resourcerei.com/role/SummaryOfSignificantAccountingPoliciesTables 22 false false R23.htm 2402402 - Disclosure - RESTRICTED CASH (Details) Sheet http://www.resourcerei.com/role/RestrictedCashDetails RESTRICTED CASH (Details) Details http://www.resourcerei.com/role/RestrictedCashTables 23 false false R24.htm 2405402 - Disclosure - MORTGAGE NOTES PAYABLE, NET (Details) Notes http://www.resourcerei.com/role/MortgageNotesPayableNetDetails MORTGAGE NOTES PAYABLE, NET (Details) Details http://www.resourcerei.com/role/MortgageNotesPayableNetTables 24 false false R25.htm 2406402 - Disclosure - CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Details) Sheet http://www.resourcerei.com/role/CertainRelationshipsAndRelatedPartyTransactionsDetails CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Details) Details http://www.resourcerei.com/role/CertainRelationshipsAndRelatedPartyTransactionsTables 25 false false R26.htm 2407402 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) Sheet http://www.resourcerei.com/role/FairValueOfFinancialInstrumentsDetails FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) Details http://www.resourcerei.com/role/FairValueOfFinancialInstrumentsTables 26 false false R27.htm 2408402 - Disclosure - DISPOSITION OF PROPERTIES (Details) Sheet http://www.resourcerei.com/role/DispositionOfPropertiesDetails DISPOSITION OF PROPERTIES (Details) Details http://www.resourcerei.com/role/DispositionOfPropertiesTables 27 false false R28.htm 2409401 - Disclosure - SUBSEQUENT EVENTS (Details) Sheet http://www.resourcerei.com/role/SubsequentEventsDetails SUBSEQUENT EVENTS (Details) Details http://www.resourcerei.com/role/SubsequentEvents 28 false false All Reports Book All Reports rsvn-20160811.xml rsvn-20160811.xsd rsvn-20160811_cal.xml rsvn-20160811_def.xml rsvn-20160811_lab.xml rsvn-20160811_pre.xml true true ZIP 47 0001486279-16-000025-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001486279-16-000025-xbrl.zip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

  •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�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end