CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Rental Properties	$ 98,924,534	$ 92,151,239
Property Held for Sale		593,018
Cash and Cash Equivalents	4,050,157	3,245,361
Rents Receivable	434,252	622,944
Real Estate Tax Escrows	401,325	301,853
Prepaid Expenses and Other Assets	3,866,652	3,337,886
Investments in Unconsolidated Joint Ventures	16,780,657	20,076,957
Financing and Leasing Fees	919,187	947,477
Total Assets	125,376,764	121,276,735
LIABILITIES AND PARTNERS' CAPITAL
Note Payable	1,668,600	4,668,600
Mortgage Notes Payable	139,161,612	137,680,660
Accounts Payable and Accrued Expenses	2,253,696	2,440,141
Advance Rental Payments and Security Deposits	3,603,708	3,407,901
Total Liabilities	146,687,616	148,197,302
Commitments and Contingent Liabilities (Notes 3 and 9)
Partners' Capital 131,484 units outstanding in 2011 and 2010	(21,310,852)	(26,920,567)
Total Liabilities and Partners' Capital	$ 125,376,764	$ 121,276,735

This element represents the deferred financing and leasing cost incurred by the entity during the reporting period.

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Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

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For an unclassified balance sheet, the amount due from customers or clients for goods or services that have been delivered or sold in the normal course of business, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.

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Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Property, plant and equipment that is held for sale apart from normal operations and anticipated to be sold in less than one year.

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Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.

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Refundable consideration, usually cash, held by the entity pending satisfactory completion of the entity's obligations or pending the closing of a contract.

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This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

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The designation of funds furnished by a borrower to a lender to assure future payments of the borrower's real estate taxes and insurance obligations with respect to a mortgaged property. Escrow deposits may be made for a variety of other purposes such as earnest money and contingent payments. This element excludes replacement reserves which are an escrow separately provided for within the US GAAP taxonomy.

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Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.

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Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any.

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Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.

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The amount of ownership interest of different classes of partners in limited partnership.

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Carrying amount of income producing properties held for rental.

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