CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash Flows from Operating Activities
Net income	$ 2,211,351	$ 1,506,116
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	6,088,148	4,919,024
Amortization of deferred financing costs	93,986	85,533
(Income) Loss from investments in joint venture	(658,082)	(346,820)
Change in operating assets and liabilities
(Increase) in rents receivable	(65,414)	(52,004)
Increase (Decrease) in accounts payable and accrued expense	(1,940,803)	1,199,425
(Increase) in insurance recovery receivable	177,514	(952,084)
(Increase) Decrease in real estate tax escrow	(20,463)	2,247
(Increase) in prepaid expenses and other assets	600,109	(519,096)
Increase in advance rental payments and security deposits	331,900	426,825
Total Adjustments	4,606,895	4,763,050
Net cash provided by operating activities	6,818,246	6,269,166
Cash Flows From Investing Activities
Proceeds from unconsolidated joint ventures	1,331,282	1,254,487
Distribution in excess of investment in unconsolidated joint ventures	300,000	165,000
(Investment) in unconsolidated joint ventures	(53,782)	(21,987)
Improvement of rental properties	(2,771,798)	(2,431,625)
Net cash (used in) investing activities	(1,194,298)	(1,034,125)
Cash Flows from Financing Activities
Payment of financing costs	(174,718)
Proceeds of mortgage notes payable	20,071,000
Payment of note payable	(25,000,000)
Principal payments of mortgage notes payable	(360,178)	(65,804)
Stock buyback	(694,380)	(1,879,001)
Distributions to partners	(1,873,850)	(1,899,885)
Net cash provided by (used in) financing activities	(8,032,126)	(3,844,690)
Net (Decrease) in Cash and Cash Equivalents	(2,408,178)	1,390,351
Cash and Cash Equivalents, at beginning of period	10,298,186	14,015,898
Cash and Cash Equivalents, at end of period	$ 7,890,008	$ 15,406,249