Related Party Transactions

12 Months Ended

Dec. 31, 2015

(3) Related Party Transactions –

The Partnership owns the percentage interest shown below in the following properties as tenants-in-common with the affiliated entities listed: Jared Jewelry store (50% – AEI Income & Growth Fund XXI Limited Partnership) and Staples store (70% – AEI Income & Growth Fund 27 LLC).

The Partnership owned a 44% interest in a Champps Americana restaurant in Utica, Michigan. AEI Net Lease Income & Growth Fund XIX Limited Partnership, an affiliate of the Partnership, and unrelated third parties owned the remaining 56% interest in this property until the property was sold to an unrelated third party in 2014. The Partnership owned a 45% interest in an Applebee’s restaurant in Sandusky, Ohio. AEI Income & Growth Fund 24 LLC, an affiliate of the Partnership, owned a 55% interest in this property until the interest was sold, in a series of transactions, to unrelated third parties in 2013 and 2014.

During 2015, the Partnership sold its 47% interest in the Tractor Supply Company store in Starkville, Mississippi. The remaining interest in the property that was owned by an affiliated entity, AEI Income & Growth Fund 26 LLC was also sold in 2015.

AEI received the following reimbursements for costs and expenses from the Partnership for the years ended December 31:

		2015		2014

AEI is reimbursed for costs incurred in providing services related to managing the Partnership's operations and properties, maintaining the Partnership's books, and communicating with the Limited Partners. These amounts included $2,289 of expenses related to Discontinued Operations in 2014.	$	227,083	$	235,131

AEI is reimbursed for all direct expenses it paid on the Partnership's behalf to third parties related to Partnership administration and property management. These expenses included printing costs, legal and filing fees, direct administrative costs, outside audit costs, taxes, insurance and other property costs. These amounts included $19,849 of expenses related to Discontinued Operations in 2014.	$	176,243	$	93,955

AEI is reimbursed for costs incurred in providing services and direct expenses related to the acquisition of properties on behalf of the Partnership.	$	0	$	83,428

AEI is reimbursed for costs incurred in providing services related to the sale of property.	$	52,182	$	66,509

The payable to AEI Fund Management, Inc. represents the balance due for the services described in 3a, b, c and d. This balance is non-interest bearing and unsecured and is to be paid in the normal course of business.