CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Rental Properties	$ 209,149,689	$ 169,462,811
Cash and Cash Equivalents	14,913,412	7,463,697
Rents Receivable	559,048	567,627
Insurance Recovery Receivable	46,889	700,932
Real Estate Tax Escrows	481,982	444,625
Prepaid Expenses and Other Assets	4,180,236	3,585,870
Investments in Unconsolidated Joint Ventures	8,452,484	8,336,505
Total Assets	237,783,740	190,562,067
LIABILITIES AND PARTNERS' CAPITAL
Mortgage Notes Payable	233,615,499	212,709,080
Notes Payable	25,000,000
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture	2,737,854	2,577,606
Accounts Payable and Accrued Expenses	3,157,249	4,052,095
Advance Rental Payments and Security Deposits	5,649,396	5,448,011
Total Liabilities	270,159,998	224,786,792
Partners’ Capital 124,386 and 124,409 units outstanding in 2017 and 2016 respectively	(32,376,258)	(34,224,725)
Total Liabilities and Partners' Capital	$ 237,783,740	$ 190,562,067