CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Rental Properties	$ 173,679,492	$ 176,697,314
Cash and Cash Equivalents	7,890,008	10,298,186
Rents Receivable	499,158	433,744
Insurance Recovery Receivable	168,131	345,645
Real Estate Tax Escrows	391,444	370,981
Prepaid Expenses and Other Assets	3,863,899	4,762,535
Investments in Unconsolidated Joint Ventures	7,079,962	7,819,162
Total Assets	193,572,094	200,727,567
LIABILITIES AND PARTNERS' CAPITAL
Mortgage Notes Payable	214,130,912	194,500,820
Notes Payable		25,000,000
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture	2,468,307	2,288,090
Accounts Payable and Accrued Expenses	2,699,964	4,640,767
Advance Rental Payments and Security Deposits	5,440,743	5,108,843
Total Liabilities	224,739,926	231,538,520
Partners' Capital 124,923 and 125,374 units outstanding in 2016 and 2015 respectively	(31,167,832)	(30,810,953)
Total Liabilities and Partners' Capital	$ 193,572,094	$ 200,727,567