CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2012	Dec. 31, 2011
ASSETS
Rental Properties	$ 95,435,850	$ 98,924,534
Cash and Cash Equivalents	6,981,906	4,050,157
Rents Receivable	475,083	434,252
Real Estate Tax Escrows	449,652	401,325
Prepaid Expenses and Other Assets	3,073,890	3,866,652
Investments in Unconsolidated Joint Ventures	13,986,173	16,780,657
Financing and Leasing Fees	1,135,936	919,187
Total Assets	121,538,490	125,376,764
LIABILITIES AND PARTNERS' CAPITAL
Note Payable		1,668,600
Mortgage Notes Payable	138,055,522	139,161,612
Accounts Payable and Accrued Expenses	2,361,942	2,253,696
Advance Rental Payments and Security Deposits	3,636,704	3,603,708
Total Liabilities	144,054,168	146,687,616
Commitments and Contingent Liabilities (Notes 3 and 9)
Partners' Capital 130,444 and 131,484 units outstanding in 2012 and 2011 respectively	(22,515,677)	(21,310,851)
Total Liabilities and Partners' Capital	$ 121,538,490	$ 125,376,764