Investments in Real Estate

12 Months Ended

Dec. 31, 2015

Real Estate [Abstract]

Investments in Real Estate

(3)   Investments in Real Estate

     Effective January 1, 2001, the Partnership entered into a plan to dispose of the property Commercial Park West.  The Partnership engaged a real estate broker and began to actively market their property in the fourth quarter of calendar year 2014.   As a result, the decision was made to adopt the liquidation basis of accounting on December 31, 2014. (See Note 2).  The property was sold on September 22, 2016 for $3,900,000, less commissions and other costs.

The property and equipment was the only asset that was remeasured for liquidation purposes and was estimated based on the net sale price of the building on September 22, 2016.

The fair value of the assets of Commercial Park West at December 31, 2015 is $3,730,126.  Fair value of assets of Commercial Park West at December 31, 2014 is $3,215,597.

The property generated net loss of $(375,044) for the year ended December 31, 2014.