ADVANCE RENTAL PAYMENTS AND SECURITY DEPOSITS

12 Months Ended

Dec. 31, 2011

ADVANCE RENTAL PAYMENTS AND SECURITY DEPOSITS

ADVANCE RENTAL PAYMENTS AND SECURITY DEPOSITS

NOTE 6. ADVANCE RENTAL PAYMENTS AND SECURITY DEPOSITS

        The Partnership's residential lease agreements may require tenants to maintain a one-month advance rental payment and/or a security deposit. At December 31, 2011, amounts received for prepaid rents of approximately $1,327,000 are included in cash and cash equivalents, and security deposits of approximately $1,879,000 are included in other assets and are restricted cash.