Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2013

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation

					Real Estate and Accumulated Depreciation
						December 31, 2013
		Initial cost to partnership
Property description	Encumbrances	Land	Buildings	Cost capitalize subsequent to acquisition	Retirements	Land	Buildings and improvements	Total	Accumulated depreciation	Retirements	Date of construction	Date acquired		Life on which depreciation in latest income statement is computed
Commercial Park West Durham, NC	$ -	800,000	5,191,538	2,791,400	(6,466,748)	299,744	2,016,446	2,316,190	3,778,285	(2,018,989)	Jun-01- 1991	Jun-01-1991	25
	$ -	800,000	5,191,538	2,791,400	(6,466,748)	299,744	2,016,446	2,316,190	3,778,285	(2,018,989)

(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).

(1)   Cost for Federal income tax purposes is $2,329,390

(2)   A reconciliation of the carrying amount of land and buildings for the years ended December 31, 2013 and 2012 follows:

	Partnership Properties
	2013		2012
Balance at beginning of year	$	2,316,190	$	2,269,866
Additions		13,200		46,324
Balance at end of year	$	2,329,390	$	2,316,190

(3) A reconciliation of accumulated depreciation for the years ended December 31, 2013 and 2012 is as follows:

	Partnership Properties
	2013		2012
Balance at beginning of year (restated)	$	1,678,620	$	1,595,874
Current period depreciation expense		80,676		82,746
Balance at end of year (4)	$	1,759,295	$	1,678,620

(4) Balance applies entirely to buildings and improvements.