CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows from Operating Activities
Net income	$ 1,894,234	$ 1,230,764
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	2,973,056	3,027,154
Amortization of deferred finance costs	47,134	46,853
(Income) from investments in joint venture	(672,837)	(369,604)
Change in operating assets and liabilities
Decrease in rents receivable	111,764	53,089
(Decrease) in accounts payable and accrued expense	(1,133,932)	(1,595,194)
Decrease in insurance recovery receivable	495,794	96,676
Decrease (Increase) in real estate tax escrow	8,703	(25,632)
Decrease in prepaid expenses and other assets	61,835	679,977
Increase in advance rental payments and security deposits	191,521	191,269
Total Adjustments	2,083,038	2,104,588
Net cash provided by operating activities	3,977,272	3,335,352
Cash Flows From Investing Activities
Proceeds from unconsolidated joint ventures	1,204,248	688,616
Distribution in excess of investment in unconsolidated joint ventures	186,395	165,000
(Investment) in unconsolidated joint ventures	(2,277,645)	(8,616)
Improvement of rental properties	(1,141,542)	(1,438,120)
Net cash (used in) investing activities	(2,028,544)	(593,120)
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	(434,018)	(132,712)
Stock buyback	(42,548)	(694,380)
Distributions to partners	(1,119,687)	(936,925)
Net cash (used in) financing activities	(1,596,253)	(6,867,735)
Net (Decrease) in Cash and Cash Equivalents	352,475	(4,125,503)
Cash and Cash Equivalents, at beginning of period	7,463,697	10,298,186
Cash and Cash Equivalents, at end of period	$ 7,816,172	$ 6,172,683