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Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows from Operating Activities:    
Net income $ 809,219 $ 45,634
Operating distributions received from the joint venture 32,804 387,681
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Equity in income of joint venture (936,245) (192,642)
Changes in assets and liabilities:    
Decrease (increase) in other assets 2,651 (39)
Decrease in accounts payable and accrued expenses (5,117) (5,006)
(Decrease) increase in due to affiliates (3,598) 260
Net cash (used in) provided by operating activities (100,286) 235,888
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 3,857,131 235,888
Cash and Cash Equivalents, beginning of period 1,721,154 1,440,484
Cash and Cash Equivalents, end of period $ 5,578,285 $ 1,676,372