Partners' Capital

9 Months Ended

Sep. 30, 2020

Partners' Capital Notes [Abstract]

Partners' Capital Notes Disclosure [Text Block]

(6)  Partners’ Capital –

For the nine months ended September 30, 2020 and 2019, the Partnership declared distributions of $587,270 and $833,336, respectively. The Limited Partners received distributions of $581,397 and $825,003 and the General Partners received distributions of $5,873 and $8,333 for the periods, respectively. The Limited Partners' distributions represented $30.52 and $42.38 per Limited Partnership Unit outstanding using 19,051 and 19,468 weighted average Units in 2020 and 2019, respectively. The distributions represented $18.92 and $42.38 per Unit of Net Income and $11.60 and $0.00 per Unit of return of capital in 2020 and 2019, respectively.

As part of the distributions discussed above, the Partnership distributed net sale proceeds of $73,865 and $256,284 in 2020 and 2019, respectively. The Limited Partners received distributions of $73,126 and $253,721 and the General Partners received distributions of $739 and $2,563 for the periods, respectively. The Limited Partners’ distributions represented $3.84 and $13.02 per Unit for the periods, respectively.

For the nine months ended September 30, 2020, the Partnership did not repurchase any Units from the Limited Partners. For the nine months ended September 30, 2019, the Partnership repurchased a total of 444.97 Units for $381,869 from 28 Limited Partners in accordance with the Partnership Agreement. The Partnership acquired these Units using Net Cash Flow from operations. The repurchases increase the remaining Limited Partners' ownership interest in the Partnership. As a result of these repurchases and pursuant to the Partnership Agreement, the General Partners received distributions of $3,857 in 2019.