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Consolidated Statements of Cash Flow (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:    
Net income $ 7,944,252 $ 1,561,677
Adjustments to reconcile net income to net cash used in operating activities:    
Share of income from partnerships (828,563) (2,968,076)
Gain on disposition of investment in partnerships, net of fees (8,332,932) 0
Loss on disposition of property net of disposition fee 0 70,000
Amortization of deferred costs 3,284 3,284
Changes in assets and liabilities:    
Decrease (increase) in other assets 0 2,911
Increase in accrued interest payable 498,276 469,428
Increase (decrease) in accounts payable and accrued expenses (162,419) 48,380
Net cash used in operating activities (878,102) (812,396)
Cash flows from investing activities:    
Receipt of distributions from partnerships 774,234 415,550
Distributions received from disposition of property and investment in partnerships 13,528,625 0
Disposition fee paid (415,560) 0
Net cash provided by investing activities 13,887,299 415,550
Cash flows from financing activities:    
Distributions to Additional Limited Partners (7,333,700) 0
Net cash used in financing activities (7,333,700) 0
Net increase (decrease) in cash and cash equivalents 5,675,497 (396,846)
Cash and cash equivalents, beginning of year 3,962,648 4,359,494
Cash and cash equivalents, end of year 9,638,145 3,962,648
Cash paid for interest 0 0
Significant non-cash investing and financing activities:    
Disposition fee included in accounts payable and accrued expenses $ 0 $ 70,000