CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Rental Properties	$ 152,904,661	$ 94,973,600
Property Held for Sale		462,250
Cash and Cash Equivalents	14,013,380	6,981,906
Rents Receivable	496,149	475,083
Real Estate Tax Escrows	375,560	449,652
Prepaid Expenses and Other Assets	3,895,189	3,073,890
Investments in Unconsolidated Joint Ventures	12,025,142	13,986,173
Financing and Leasing Fees	1,635,076	1,135,936
Total Assets	185,345,157	121,538,490
LIABILITIES AND PARTNERS' CAPITAL
Mortgage Notes Payable	198,520,478	138,055,522
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture	1,252,346
Accounts Payable and Accrued Expenses	3,178,495	2,361,942
Advance Rental Payments and Security Deposits	4,242,401	3,636,704
Total Liabilities	207,193,720	144,054,168
Commitments and Contingent Liabilities (Notes 3 and 9)
Partners' Capital 129,487 and 130,444 units outstanding in 2013 and 2012 respectively	(21,848,563)	(22,515,678)
Total Liabilities and Partners' Capital	$ 185,345,157	$ 121,538,490