XML 19 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows from Operating Activities:    
Net income $ 59,146 $ 487,713
Operating distributions received from joint ventures 168,227 243,879
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in income of joint ventures (155,646) (588,363)
Changes in assets and liabilities:    
Increase in other assets (3,577) (3,002)
Decrease in accounts payable and accrued expenses (4,215) (8,896)
(Decrease) increase in due to affiliates (2,573) 2,264
Net cash provided by operating activities 61,362 133,595
Cash Flows from Investing Activities:    
Net sale proceeds received from joint ventures 0 3,390,578
Investment in joint ventures 0 (253,699)
Net cash provided by investing activities 0 3,136,879
Cash Flows from Financing Activities:    
Distributions of net sale proceeds to limited partners (3,500,000) 0
Net (Decrease) Increase in Cash and Cash Equivalents (3,438,638) 3,270,474
Cash and Cash Equivalents, beginning of period 6,535,295 3,059,524
Cash and Cash Equivalents, end of period $ 3,096,657 $ 6,329,998