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Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash Flows from Operating Activities:    
Net income (loss) $ 1,010,606 $ 33,047
Operating distributions received from the joint venture 32,804 160,555
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Equity in income of joint venture (1,073,311) (91,904)
Changes in assets and liabilities:    
Decrease (increase) in other assets 2,798 (39)
Increase (decrease) in accounts payable and accrued expenses 4,869 (2,192)
Decrease in due to affiliates (5,747) (1,575)
Net cash (used in) provided by operating activities (27,981) 97,892
Cash Flows from Investing Activities:    
Net sale proceeds received from joint venture 4,318,951 0
Investment in joint vetnure (268,379) 0
Net Cash Provided by Investing Activities 4,050,572 0
Net Increase in Cash and Cash Equivalents 4,022,591 97,892
Cash and Cash Equivalents, beginning of period 1,721,154 1,440,484
Cash and Cash Equivalents, end of period $ 5,743,745 $ 1,538,376