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Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows from Operating Activities:    
Net Income (Loss) $ 487,713 $ (601,068)
Operating distributions received from joint ventures 243,879 253,157
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Equity in (income) loss of joint ventures (588,363) 487,729
Changes in assets and liabilities:    
Increase in other assets (3,002) 0
Decrease in accounts payable and accrued expenses (8,896) (2,915)
Increase (decrease) in due to affiliates 2,264 (2,679)
Net cash provided by operating activities 133,595 134,224
Cash Flows from Investing Activities:    
Net sale proceeds received from joint ventures 3,390,578 0
Investment in joint ventures (253,699) (82,355)
Net cash provided by (used in) investing activities 3,136,879 (82,355)
Net Increase in Cash and Cash Equivalents 3,270,474 51,869
Cash and Cash Equivalents, beginning of period 3,059,524 1,512,912
Cash and Cash Equivalents, end of period $ 6,329,998 $ 1,564,781