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Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows from Operating Activities:      
Net Income (Loss) $ 553,476 $ (393,956) $ (38,198)
Operating distributions received from joint ventures 519,835 513,767 623,324
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Equity in (income) loss of joint ventures (720,494) 185,621 (146,803)
Changes in assets and liabilities:      
(Increase) decrease in other assets (10,649) 0 1,605
(Decrease) increase in accounts payable and accrued expenses (1,323) 4,501 (29,059)
(Decrease) increase in due to affiliates (1,247) (3,581) 3,928
Net cash provided by operating activities 339,598 306,352 414,797
Cash Flows from Investing Activities:      
Net sale proceeds received from joint ventures 3,389,872 1,993,551 0
Investment in joint ventures 253,699 753,291 0
Net cash provided by investing activities 3,136,173 1,240,260 0
Net Increase in Cash and Cash Equivalents 3,475,771 1,546,612 414,797
Cash and Cash Equivalents, beginning of period 3,059,524 1,512,912 1,098,115
Cash and Cash Equivalents, end of period $ 6,535,295 $ 3,059,524 $ 1,512,912