CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash Flows from Operating Activities
Net income	$ 3,422,098	$ 2,579,861
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	9,167,516	7,527,772
Amortization of deferred financing costs	141,122	128,300
(Income) Loss from investments in joint venture	(1,220,666)	(524,710)
Gain on the sale of real estate	(103,793)
Change in operating assets and liabilities
(Increase) in rents receivable	(202,024)	(35,801)
Increase (Decrease) in accounts payable and accrued expense	(1,760,588)	1,527,755
(Increase) in insurance recovery receivable	190,781	(412,502)
(Increase) Decrease in real estate tax escrow	(47,365)	(13,307)
(Increase) in prepaid expenses and other assets	498,350	(1,368,299)
Increase in advance rental payments and security deposits	77,127	186,825
Total Adjustments	6,740,460	7,016,033
Net cash provided by operating activities	10,162,558	9,595,894
Cash Flows From Investing Activities
Proceeds from unconsolidated joint ventures	2,346,829	2,074,993
Distribution in excess of investment in unconsolidated joint ventures	360,000	873,545
(Investment) in unconsolidated joint ventures	(2,443,829)	(1,128,538)
Improvement of rental properties	(3,564,402)	(4,669,977)
Purchase of rental property		(6,144,710)
Net proceeds from the sale of real estate	772,336
Net cash (used in) investing activities	(2,529,066)	(8,994,687)
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	(1,449,221)	(98,718)
Stock buyback	(694,380)	(2,516,061)
Distributions to partners	(2,810,776)	(2,845,573)
Net cash provided by (used in) financing activities	(10,058,095)	(5,460,352)
Net (Decrease) in Cash and Cash Equivalents	(2,424,603)	(4,859,145)
Cash and Cash Equivalents, at beginning of period	10,298,186	14,015,898
Cash and Cash Equivalents, at end of period	$ 7,873,583	$ 9,156,753