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Extraordinary and Unusual Items
6 Months Ended
Jun. 30, 2011
Extraordinary and Unusual Items  
Unusual or Infrequent Items Disclosure [Text Block]

Note D - Casualty Event

 

In May 2009, Fairlane East Apartments sustained damages of approximately $47,000 as a result of a fire. The Partnership recognized a casualty gain of approximately $24,000 during the six months ended June 30, 2010 as a result of the receipt of insurance proceeds of approximately $37,000, net of the write-off of undepreciated damaged assets of approximately $13,000.