Investment in Joint Venture

9 Months Ended

Sep. 30, 2012

Equity Method Investments and Joint Ventures [Abstract]

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 and nine months ended September 30, 2012 and 2011, respectively, is presented below:



	Total Revenues		Net Income		Total Revenues		Net Income
	Three Months Ended		Three Months Ended		Nine Months Ended		Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2012	2011	2012	2011	2012	2011	2012	2011
Fund VIII-IX Associates	$424,557	$520,536	$7,233	$132,922	$1,491,243	$1,486,705	$351,558	$285,708

Due from Joint Venture

As presented in the accompanying balance sheets, due from joint venture as of September 30, 2012 and December 31, 2011 represents operating cash flow generated by Fund VIII-IX Associates for the three months ended September 30, 2012 and December 31, 2011, respectively, which is attributable to the Partnership.

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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