CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flows from Operating Activities
Net income	$ 2,579,861	$ 433,714
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	7,656,072	7,935,355
(Income) Loss from investments in joint venture	(524,710)	422,535
Change in operating assets and liabilities
(Increase) in rents receivable	(35,801)	(72,411)
Increase (Decrease) in accounts payable and accrued expense	1,527,755	(269,825)
(Increase) in insurance recovery receivable	(412,502)
(Increase) Decrease in real estate tax escrow	(13,307)	71,162
(Increase) in prepaid expenses and other assets	(1,368,299)	(408,753)
Increase in advance rental payments and security deposits	186,825	108,237
Total Adjustments	7,016,033	7,786,300
Net cash provided by operating activities	9,595,894	8,220,014
Cash Flows From Investing Activities
Proceeds from unconsolidated joint ventures	2,074,993	2,346,690
Distribution in excess of investment in unconsolidated joint ventures	873,545	185,000
(Investment) in unconsolidated joint ventures	(1,128,538)	(149,190)
Improvement of rental properties	(4,669,977)	(3,701,170)
Purchase of rental property	(6,144,710)
Net cash (used in) investing activities	(8,994,687)	(1,318,670)
Cash Flows from Financing Activities
Payment of financing costs		(289,561)
Proceeds of mortgage notes payable		1,109,555
Principal payments of mortgage notes payable	(98,718)	(3,526,869)
Stock buyback	(2,516,061)	(1,564,397)
Distributions to partners	(2,845,573)	(2,898,801)
Net cash provided by (used in) financing activities	(5,460,352)	(7,170,073)
Net (Decrease) in Cash and Cash Equivalents	(4,859,145)	(268,729)
Cash and Cash Equivalents, at beginning of period	14,015,898	14,013,380
Cash and Cash Equivalents, at end of period	9,156,753	$ 13,744,651
Supplemental non-cash disclosure
Rental property purchased through line of credit	$ 25,000,000