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Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash Flows from Operating Activities:    
Net Income (Loss) $ 21,656 $ (14,133)
Operating distributions received from joint ventures 132,447 120,604
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Equity in (income) loss of joint ventures (75,814) (48,095)
Changes in assets and liabilities:    
Decrease (increase) in other assets 365 (3,002)
(Decrease) increase in accounts payable and accrued expenses (4,725) 5,816
Decrease in due to affiliates (2,665) (648)
Net cash provided by operating activities 71,264 60,542
Cash Flows from Investing Activities:    
Investment in joint ventures 0 184,225
Net Increase (Decrease) in Cash and Cash Equivalents 71,264 (123,683)
Cash and Cash Equivalents, beginning of period 6,535,295 3,059,524
Cash and Cash Equivalents, end of period $ 6,606,559 $ 2,935,841