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CONSOLIDATED STATEMENTS OF INCOME (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues    
Rental income $ 8,759,703 $ 8,178,851
Laundry and sundry income 92,679 102,043
Total Revenues 8,852,382 8,280,894
Expenses    
Administrative 489,775 425,743
Depreciation and amortization 1,514,045 1,353,609
Management fees 351,745 333,350
Operating 1,242,103 1,458,686
Renting 46,751 87,886
Repairs and maintenance 1,124,883 1,062,141
Taxes and insurance 1,092,392 1,052,526
Total Expenses 5,861,694 5,773,941
Income Before Other Income and Discontinued Operations 2,990,688 2,506,953
Other Income (Loss)    
Interest expense (1,961,256) (1,946,709)
Interest income 638 1,226
(Loss) from investments in unconsolidated joint ventures (403,117) (454,047)
Total Other Income (Loss) (2,363,735) (2,399,530)
Income From Continuing Operations 626,953 107,423
Discontinued Operations    
Income from discontinued operations   65,389
Net Income $ 626,953 $ 172,812
Income per Unit    
Income before discontinued operations (in dollars per unit) $ 4.77 $ 0.82
Income from discontinued operations (in dollars per unit)   $ 0.49
Net Income per Unit (in dollars per unit) $ 4.77 $ 1.31
Weighted Average Number of Units Outstanding (in units) 131,484 131,484