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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
Rental Properties$ 99,765,035$ 92,151,239
Property Held for Sale 593,018
Cash and Cash Equivalents4,316,3533,245,361
Rents Receivable647,974622,944
Real Estate Tax Escrows392,852301,853
Prepaid Expenses and Other Assets3,846,6233,337,886
Investments in Unconsolidated Joint Ventures17,783,58320,076,957
Financing and Leasing Fees950,449947,477
Total Assets127,702,869121,276,735
LIABILITIES AND PARTNERS' CAPITAL  
Notes Payable3,668,6004,668,600
Mortgage Notes Payable139,417,037137,680,660
Accounts Payable and Accrued Expenses2,115,8342,440,141
Advance Rental Payments and Security Deposits3,460,1213,407,901
Total Liabilities148,661,592148,197,302
Commitments and Contingent Liabilities (Notes 3 and 9)  
Partners' Capital 131,484 units outstanding in 2011 and 2010(20,958,723)(26,920,567)
Total Liabilities and Partners' Capital$ 127,702,869$ 121,276,735