DISCONTINUED OPERATIONS AND SALES OF REAL ESTATE (Tables)

12 Months Ended

Dec. 31, 2014

DISCONTINUED OPERATIONS AND SALES OF REAL ESTATE

Summary of income from discontinued operations

	Year Ended December 31,
	2014		2013		2012
Total Revenues	$	0	$	193,480	$	462,031
Operating and other expenses		0		172,322		348,714
Depreciation and amortization		0		2,111		79,969
		0		174,433		428,683
Income from discontinued operations	$	0	$	19,047	$	33,348

Nashoba Apartments in Acton, Massachusetts

DISCONTINUED OPERATIONS AND SALES OF REAL ESTATE

Schedule of gain on the sale of real estate property

Gain on the Sale of Nashoba in the second quarter of 2013:
Sale price	$	4,300,000
Net book value		(476,766	)
Expense of sale		(144,395	)
Gain on the sale of real estate	$	3,678,839