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Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash Flows from Operating Activities:    
Net income $ 910,106 $ 86,224
Operating distributions received from the joint venture 32,804 203,929
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Equity in income of joint venture (1,007,235) (188,679)
Changes in assets and liabilities:    
Decrease (increase) in other assets 2,650 (4,539)
Decrease in accounts payable and accrued expenses (2,663) (5,568)
Decrease in due to affiliates (3,506) (1,666)
Net cash (used in) provided by operating activities (67,844) 89,701
Cash Flows from Investing Activities:    
Net sale proceeds received from joint venture 4,318,951 0
Investment in joint venture (361,534) 0
Net cash provided by investing activities 3,957,417 0
Net Increase in Cash and Cash Equivalents 3,889,573 89,701
Cash and Cash Equivalents, beginning of period 1,721,154 1,440,484
Cash and Cash Equivalents, end of period $ 5,610,727 $ 1,530,185