Partners' Capital

9 Months Ended

Sep. 30, 2016

Partners' Capital Notes [Abstract]

Partners' Capital Notes Disclosure [Text Block]

(6)  Partners’ Capital –

For the nine months ended September 30, 2016 and 2015, the Partnership declared distributions of $846,354 and $864,351, respectively.  The Limited Partners received distributions of $837,890 and $855,708 and the General Partners received distributions of $8,464 and $8,643 for the periods, respectively.  The Limited Partners' distributions represented $41.27 and $41.27 per Limited Partnership Unit outstanding using 20,303 and 20,735 weighted average Units in 2016 and 2015, respectively.  The distributions represented $19.33 and $30.21 per Unit of Net Income and $21.94 and $11.06 per Unit of return of contributed capital in 2016 and 2015, respectively.

As part of the distributions discussed above, the Partnership distributed net sale proceeds of $107,756 and $365,420 in 2016 and 2015, respectively.  The Limited Partners received distributions of $106,678 and $361,766 and the General Partners received distributions of $1,078 and $3,654 for the periods, respectively.  The Limited Partners’ distributions represented $5.26 and $17.55 per Unit for the periods, respectively.

On April 1, 2016, the Partnership repurchased a total of 115.00 Units for $98,301 from three Limited Partners in accordance with the Partnership Agreement.  On April 1, 2015, the Partnership repurchased a total of 378.47 Units for $271,397 from 32 Limited Partners. 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 $993 and $2,741 in 2016 and 2015, respectively.