Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2011

Real Estate and Accumulated Depreciation [Abstract]

Real Estate and Accumulated Depreciation

											Schedule III
REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP - V
AND SUBSIDIARIES

Real Estate and Accumulated Depreciation
December 31, 2009




		Initial cost to		Cost
		Partnership		capitalized							Date
Property				subsequent to			Buildings and		Accumulated		of	Date	Date
description	Encumbrances	Land	Buildings	acquisition	Retirements	Land	improvements	Total	depreciation*	Retirements	construction	acquired	sold

Commercial
Park West
Durham, NC	$ -	800,000	5,191,538	2,729,448	(6,466,748)	299,744	1,954,494	2,254,238	2,769,662	(1,733,561)	1991	6/91	12/06(1)

Transit Road Land
Amherst, NY	-	234,000	-	183,473	(417,473)	-	-	-	-	-	-	12/88	1/06

	$ -	1,034,000	5,191,538	2,912,921	(6,884,221)	299,744	1,954,494	2,254,238	2,769,662	(1,733,561)




*In accordance with Statement of Financial Accounting Standards No. 144, no depreciation was recorded during the disposal period January 1, 2001 through December 31, 2009.

(1) Two of the three buildings in office complex known as Commercial Park West were sold. One of the buildings is still held for sale (2327 Englert Drive). There is no mortgage on the last
property held for sale as the mortgage was paid off with proceeds from the sale of the two buildings and an advance from an affiliate.

REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP - V

Real Estate and Accumulated Depreciation

December 31, 2011 and 2010

(1)

Cost for Federal income tax purposes is $2,269,866

(2)

A reconciliation of the carrying amount of land and buildings for the years ended December 31, 201 1 and 2010 follows:

	Partnership Properties
	2011	2010

Balance at beginning of year	$ 2,254,238	2,254,238
Additions	15,628	-

Balance at end of year	$ 2,269,866	2,254,238

(3)

A reconciliation of accumulated depreciation for the years ended December 31, 2011 and 2010 is as follows:

	Partnership Properties
	2011	2010

Balance at beginning of year	$ 1,881,302	1,801,104
Dispositions	-	-

Balance at end of year (4)	$ 1,881,302	1,801,104

(4)

Balance applies entirely to buildings and improvements.

- Definition

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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