Investment in Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2012

Equity Method Investments and Joint Ventures [Abstract]

Schedule of the Partnership's investments in Joint Venture

During the periods presented, the Partnership owned interests in the following joint ventures (the "Joint Ventures") and properties:

Joint Venture	Joint Venture Partners	Ownership %	Properties
Fund VIII and Fund IX Associates ("Fund VIII-IX Associates")	• Wells Real Estate Fund VIII, L.P. • Wells Real Estate Fund IX, L.P.	54.8% 45.2%	1. US Cellular Building A four-story office building located in Madison, Wisconsin 2. 305 Interlocken Parkway A two-story office building located in Broomfield, Colorado
The Fund IX, Fund X, Fund XI and REIT Joint Venture ("Fund IX-X-XI-REIT Associates")(1)	• Wells Real Estate Fund IX, L.P. • Wells Real Estate Fund X, L.P. • Wells Real Estate Fund XI, L.P. • Piedmont Operating Partnership, LP	39.0% 48.5% 8.8% 3.7%	3. 360 Interlocken Building(2) A three-story office building located in Broomfield, Colorado 4. Avaya Building(3) A one-story office building located in Oklahoma City, Oklahoma

⁽¹⁾  This joint venture wound up its affairs in 2011 and was terminated in the first quarter of 2012.

⁽²⁾  This property was sold in June 2011.

⁽³⁾  This property was sold in October 2010.

The Partnership's investments and approximate ownership percentage in Fund VIII-IX Associates as of December 31, 2012 and 2011 are summarized below:

	2012			2011
	Amount		Percentage	Amount		Percentage
Fund VIII-IX Associates	$	4,109,865	45%	$	4,239,485	45%

Summary of Activity

Rollforwards of the Partnership's investment in the Joint Ventures for the years ended December 31, 2012 and 2011 are presented below:

	2012			2011
Investment in Joint Ventures, beginning of year	$	4,239,485		$	7,186,841
Equity in income of Joint Ventures	154,327			720,494
Contributions to Joint Ventures	—			253,699
Distributions from Joint Ventures	(283,947		)	(3,921,549		)
Investment in Joint Ventures, end of year	$	4,109,865		$	4,239,485

Schedule of Financial Information for Joint Ventures

Condensed financial information for the Joint Ventures in which the Partnership held an interest as of December 31, 2012 and 2011, and for the years ended December 31, 2012, 2011, and 2010 is presented below:

	Total Assets				Total Liabilities				Total Equity
	December 31,				December 31,				December 31,
	2012		2011		2012		2011		2012		2011
Fund VIII-IX Associates	$	9,456,156	$	10,163,823	$	364,178	$	785,096	$	9,091,978	$	9,378,727

	Total Revenues						Income (Loss) From Continuing Operations								Income (Loss) From Discontinued Operations							Net Income (Loss)
	For Years Ended						For Years Ended								For Years Ended							For Years Ended
	December 31,						December 31,								December 31,							December 31,
	2012		2011		2010		2012		2011			2010			2012		2011		2010			2012		2011		2010
Fund VIII-IX Associates	$	1,868,845	$	2,040,165	$	1,960,816	$	341,406	$	462,169		$	357,084		$	—	$	—	$	—		$	341,406	$	462,169	$	357,084
Fund IX-X-XI-REIT Associates	—		—		—		—		(24,668		)	(38,736		)	—		1,335,377		(850,397		)	—		1,310,709		(889,133		)
	$	1,868,845	$	2,040,165	$	1,960,816	$	341,406	$	437,501		$	318,348		$	—	$	1,335,377	$	(850,397	)	$	341,406	$	1,772,878	$	(532,049	)

Schedule of Joint Venture Disposal Groups, Including Discontinued Operations, Income Statement Disclosures

The components of income from discontinued operations recognized by the Joint Ventures are provided below:

	December 31, 2012						December 31, 2011						December 31, 2010
	Operating Income		Gain on Sale		Total		Operating Income		Gain on Sale		Total		Operating Loss			Impairment Loss			Gain on Sale		Total
Fund IX-X-XI-REIT Associates	$	—	$	—	$	—	$	108,434	$	1,226,943	$	1,335,377	$	(86,656	)	$	(1,448,217	)	$	684,476	$	(850,397	)