CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Rental Properties	$ 176,697,314	$ 149,116,084
Cash and Cash Equivalents	10,298,186	14,015,898
Rents Receivable	433,744	474,225
Insurance Recovery Receivable	345,645
Real Estate Tax Escrows	370,981	340,341
Prepaid Expenses and Other Assets	4,685,339	3,287,005
Investments in Unconsolidated Joint Ventures	7,819,162	8,807,868
Financing Fees	1,515,845	1,735,652
Total Assets	202,166,216	177,777,073
LIABILITIES AND PARTNERS' CAPITAL
Mortgage Notes Payable	195,939,469	196,071,540
Notes Payable	25,000,000
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture	2,288,090	1,425,369
Accounts Payable and Accrued Expenses	4,640,767	3,099,117
Advance Rental Payments and Security Deposits	5,108,843	4,548,729
Total Liabilities	$ 232,977,169	$ 205,144,755
Commitments and Contingent Liabilities (Notes 3 and 9)
Partners' Capital 125,976 and 127,653 units outstanding in 2015 and 2014 respectively	$ (30,810,953)	$ (27,367,682)
Total Liabilities and Partners' Capital	$ 202,166,216	$ 177,777,073