XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Rental Properties $ 230,511,263 $ 207,153,794
Cash and Cash Equivalents 9,059,901 7,238,905
Rents Receivable 762,923 592,045
Real Estate Tax Escrows 495,824 488,396
Prepaid Expenses and Other Assets 4,219,749 4,122,052
Investments in Unconsolidated Joint Ventures 1,985,680 7,212,044
Total Assets 247,035,340 226,807,236
LIABILITIES AND PARTNERS' CAPITAL    
Mortgage Notes Payable 252,370,843 233,221,258
Notes Payable 2,000,000 17,000,000
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture 18,351,562 2,806,319
Accounts Payable and Accrued Expenses 3,927,889 3,340,509
Advance Rental Payments and Security Deposits 6,009,056 5,754,327
Total Liabilities 282,659,350 262,122,413
Commitments and Contingent Liabilities (Notes 3 and 9)
Partners’ Capital 124,386 and 124,386 units outstanding in 2018 and 2017 respectively (35,624,010) (35,315,177)
Total Liabilities and Partners' Capital $ 247,035,340 $ 226,807,236