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Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities:  
Net Income (Loss)$ 515,305$ (603,173)
Operating distributions received from joint ventures380,423380,311
Adjustments to reconcile net income (loss) to net cash provided by operating activities:  
Equity in (income) loss of joint ventures(648,196)449,901
Changes in assets and liabilities:  
Increase in other assets(3,002)0
Decrease in accounts payable and accrued expenses(9,211)(2,415)
Increase (decrease) in due to affiliates(1,540)(3,184)
Net cash provided by operating activities233,779221,440
Cash Flows from Investing Activities:  
Net sale proceeds received from joint ventures3,389,8720
Investment in joint ventures253,69982,355
Net cash provided by (used in) investing activities3,136,173(82,355)
Net Increase in Cash and Cash Equivalents3,369,952139,085
Cash and Cash Equivalents, beginning of period3,059,5241,512,912
Cash and Cash Equivalents, end of period$ 6,429,476$ 1,651,997