XML 30 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows from Operating Activities:    
Net income $ 648,643 $ 21,446
Operating distributions received from joint venture 27,074 319,809
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Equity in income of joint venture (772,335) (158,915)
Changes in assets and liabilities:    
Decrease in other assets 2,080 923
Decrease in accounts payable and accrued expenses (8,209) (4,347)
Decrease in due to affiliates (3,193) (509)
Net cash (used in) provided by operating activities (105,940) 178,407
Cash Flows from Investing Activities:    
Net sale proceeds received from joint venture 3,562,821 0
Investment in joint venture (298,238) 0
Net cash provided by investing activities 3,264,583 0
Distributions of net sale proceeds to limited partners 0 (3,500,000)
Net Increase (Decrease) in Cash and Cash Equivalents 3,158,643 (3,321,593)
Cash and Cash Equivalents, beginning of period 3,246,678 6,535,295
Cash and Cash Equivalents, end of period $ 6,405,321 $ 3,213,702