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CONSOLIDATED STATEMENTS OF INCOME (USD $)
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues                      
Rental income                 $ 35,244,008 $ 33,608,799 $ 31,816,175
Laundry and sundry income                 388,401 426,803 439,782
Total Revenues 9,104,015 8,875,596 8,800,416 8,852,382 8,760,538 8,648,526 8,345,643 8,280,894 35,632,409 34,035,602 32,255,957
Expenses                      
Administrative                 1,825,951 1,707,408 1,772,599
Depreciation and amortization                 6,092,725 5,910,746 5,531,509
Management fee                 1,446,620 1,404,467 1,330,157
Operating                 3,633,619 4,080,647 3,784,401
Renting                 183,529 365,110 528,686
Repairs and maintenance                 5,179,408 5,056,054 4,886,724
Taxes and insurance                 4,348,492 4,146,554 4,082,588
Total Expenses 5,704,596 5,730,319 5,413,735 5,861,694 5,722,971 5,665,232 5,508,842 5,773,941 22,710,344 22,670,986 21,916,664
Income Before Other Income (loss) and Discontinued Operations 3,399,419 3,145,277 3,386,681 2,990,688 3,037,567 2,983,294 2,836,801 2,506,953 12,922,065 11,364,616 10,339,293
Other Income (Loss)                      
Interest income                 2,216 3,861 5,932
Interest expense                 (7,802,999) (7,965,422) (8,053,628)
(Loss) from investments in unconsolidated joint ventures                 (1,487,484) (1,913,800) (3,869,996)
Other (loss)                     (700)
Total Other Income (Expense) (2,214,288) (2,370,824) (2,339,420) (2,363,735) (2,469,002) (2,523,314) (2,480,305) (2,402,740) (9,288,267) (9,875,361) (11,918,392)
Income (loss) From Continuing Operations                 3,633,798 1,489,255 (1,579,099)
Discontinued Operations                      
Income from discontinued operations                   81,567 219,867
Gain on the sale of real estate                   7,720,459  
Total Discontinued Operations         (308) (3,054) 7,736,789 68,599   7,802,026 219,867
Net Income (loss) $ 1,185,131 $ 774,453 $ 1,047,261 $ 626,953 $ 568,257 $ 456,926 $ 8,093,285 $ 172,812 $ 3,633,798 $ 9,291,281 $ (1,359,232)
Income (loss) per Unit                      
Income (loss) before discontinued operations (in dollars per unit) $ 9.07 $ 5.90 $ 7.97 $ 4.77 $ 4.33 $ 3.50 $ 2.71 $ 0.79 $ 27.69 $ 11.33 $ (11.99)
Income from discontinued operations (in dollars per unit)           $ (0.02) $ 58.84 $ 0.52   $ 59.34 $ 1.67
Net Income per Unit (in dollars per unit) $ 9.07 $ 5.90 $ 7.97 $ 4.77 $ 4.33 $ 3.48 $ 61.55 $ 1.31 $ 27.69 $ 70.67 $ (10.32)
Weighted Average Number of Units Outstanding (in units)                 131,230 131,484 131,696