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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Rental Properties $ 227,660,057 $ 230,511,263
Cash and Cash Equivalents 7,649,882 9,059,901
Rents Receivable 779,159 762,923
Real Estate Tax Escrows 471,913 495,824
Prepaid Expenses and Other Assets 4,812,005 4,219,749
Investments in Unconsolidated Joint Ventures 1,801,702 1,985,680
Total Assets 243,174,718 247,035,340
LIABILITIES AND PARTNERS' CAPITAL    
Mortgage Notes Payable 251,953,066 252,370,843
Notes Payable   2,000,000
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture 18,858,645 18,351,562
Accounts Payable and Accrued Expenses 4,126,517 3,927,889
Advance Rental Payments and Security Deposits 6,468,073 6,009,056
Total Liabilities 281,406,301 282,659,350
Partners’ Capital 124,386 and 124,386 units outstanding in 2018 and 2017 respectively (38,231,583) (35,624,010)
Total Liabilities and Partners' Capital $ 243,174,718 $ 247,035,340