Partners' Capital

6 Months Ended

Jun. 30, 2018

Partners' Capital Notes [Abstract]

Partners' Capital Notes Disclosure [Text Block]

(6)  Partners’ Capital –

For the six months ended June 30, 2018 and 2017, the Partnership declared distributions of $559,600 and $559,601, respectively.  The Limited Partners received distributions of $554,004 and $554,005 and the General Partners received distributions of $5,596 and $5,596 for the periods, respectively.  The Limited Partners' distributions represented $27.75 and $27.50 per Limited Partnership Unit outstanding using 19,962 and 20,149 weighted average Units in 2018 and 2017, respectively.  The distributions represented $16.17 and $17.92 per Unit of Net Income and $11.58 and $9.58 per Unit of return of capital in 2018 and 2017, respectively.

As part of the distributions discussed above, the Partnership distributed net sale proceeds (from property sales completed in 2015) of $57,983 in 2018.  The Limited Partners received distributions of $57,403 and the General Partners received distributions of $580.  The Limited Partners’ distributions represented $2.88 per Unit.

On April 1, 2018, the Partnership repurchased a total of 107.56 Units for $97,829 from nine Limited Partners in accordance with the Partnership Agreement.  On April 1, 2017, the Partnership repurchased a total of 28.72 Units for $25,738 from three 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 $988 and $260 in 2018 and 2017, respectively.