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Investment in Research Triangle Industrial Park Joint Venture
6 Months Ended
Jun. 30, 2012
Equity Method Investments and Joint Ventures [Abstract]  
Investment in Research Triangle Industrial Park Joint Venture

Investment in Research Triangle Industrial Park Joint Venture

 

The Partnership has a 50% interest in Research Triangle Industrial Park Joint Venture (the Venture) with Realmark Property Investors Limited Partnership – VI A (RPILP – VI A), an entity affiliated through common general partners.  The joint venture owned and operated the Research Triangle Industrial Park West, an office/warehouse facility in Durham, North Carolina, which was sold in December 2006.  The joint venture agreement provides that any income, loss, gain, cash flow, or sale proceeds be allocated 50% to the Partnership and 50% to RPILP – VI A.   Summary financial information of the Venture follows: