Investment in Joint Venture

3 Months Ended

Mar. 31, 2012

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments Disclosure [Text Block]

INVESTMENT IN JOINT VENTURE

Summary of Financial Information

Condensed financial information for the joint venture in which the Partnership held a direct interest for the three months March 31, 2012 and 2011, respectively, is presented below:



	Total Revenues		Net Income
	Three Months Ended		Three Months Ended
	March 31,		March 31,
	2012	2011	2012	2011
Fund VIII-IX Associates	$516,594	$480,226	$167,717	$67,017

Due from Joint Venture

As presented in the accompanying balance sheets, due from joint venture as of March 31, 2012 and December 31, 2011 represents operating cash flow generated by Fund VIII-IX Associates for the three months ended March 31, 2012 and December 31, 2011, respectively, which is attributable to the Partnership.

- Definition

The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

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