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CONSOLIDATED STATEMENTS OF INCOME (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Rental income $ 10,514,719 $ 8,924,007
Laundry and sundry income 103,209 95,686
Total Revenues 10,617,928 9,019,693
Expenses    
Administrative 530,567 452,619
Depreciation and amortization 2,724,180 1,454,131
Management fee 427,392 369,252
Operating 1,681,934 1,432,175
Renting 36,856 29,851
Repairs and maintenance 1,211,254 1,081,279
Taxes and insurance 1,441,123 1,160,930
Total Expenses 8,053,306 5,980,237
Income Before Other Income and Discontinued Operations 2,564,622 3,039,456
Other Income (Expense)    
Interest income 183 364
Interest expense (2,386,167) (1,841,069)
(Loss) from investments in unconsolidated joint ventures (208,252) (316,857)
Total Other Income (loss) (2,594,236) (2,157,562)
Income (loss) From Continuing Operations (29,614) 881,894
Discontinued Operations    
Income from discontinued operations 0 19,731
Net Income (Loss) $ (29,614) $ 901,625
Income (loss) per Unit    
Income (loss) before discontinued operations (in dollars per unit) $ (0.23) $ 6.77
Income from discontinued operations (in dollars per unit)   $ 0.15
Net Income (loss) per Unit (in dollars per unit) $ (0.23) $ 6.92
Weighted Average Number of Units Outstanding (in units) 129,312 130,244