CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Cash Flows from Operating Activities
Net income(loss)	$ 9,291,281	$ (1,359,232)	$ 1,612,538
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	5,910,746	5,531,509	5,754,785
Loss from investments in joint ventures	1,913,800	3,869,996	1,687,258
(Gain) on sale of real estate from discontinued operations	(7,720,459)
Depreciation and amortization - discontinued operations	30,132	90,886	83,461
(Gain) on the sale of equipment			(8,157)
Changes in operating assets and liabilities
(Increase) Decrease in rents receivable	188,692	415,876	(485,428)
Increase (Decrease) in accounts payable and accrued expense	(186,445)	244,896	602,635
(Increase) Decrease in real estate tax escrow	(99,472)	9,729	(35,963)
Decrease (Increase) in prepaid expenses and other assets	(432,957)	(480,598)	151,617
Increase (Decrease) in advance rental payments and security deposits	195,807	(9,460)	209,594
Total Adjustments	(200,157)	9,672,834	7,959,802
Net cash provided by operating activities	9,091,123	8,313,602	9,572,340
Cash Flows From Investing Activities
(Investment in) unconsolidated joint ventures	(26,450)	(123,301)	(15,953,100)
Proceeds from unconsolidated joint ventures	1,408,950	1,140,801	325,000
Purchase and improvement of rental properties	(12,660,578)	(2,268,039)	(3,136,296)
Net proceeds from the sale of rental property	8,297,928		20,650
Net cash (used in) investing activities	(2,980,150)	(1,250,539)	(18,743,746)
Cash Flows From Financing Activities
Proceeds of notes payable	3,998,573		7,168,600
Payment of financing costs	(105,564)	(8,161)	(123,374)
Proceeds of mortgage notes payable	5,000,000	904,122	300,000
Principal payment of notes payable	(6,998,573)	(2,500,000)
Principal payments of mortgage notes payable	(3,519,047)	(864,815)	(818,908)
Stock buyback		(540,911)	(1,514,340)
Distributions to partners	(3,681,566)	(3,687,600)	(3,713,840)
Net cash provided by (used in) financing activities	(5,306,177)	(6,697,365)	1,298,138
Net Increase (Decrease) in Cash and Cash Equivalents	804,796	365,698	(7,873,268)
Cash and Cash Equivalents, at beginning of year	3,245,361	2,879,663	10,752,931
Cash and Cash Equivalents, at end of year	$ 4,050,157	$ 3,245,361	$ 2,879,663