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CONSOLIDATED STATEMENTS OF INCOME (USD $) | 3 Months Ended
--- | ---
Mar. 31, 2013 | Mar. 31, 2012
Revenues |  |
Rental income | $ 8,924,007 | $ 8,640,863
Laundry and sundry income | 95,686 | 92,139
Total Revenues | 9,019,693 | 8,733,002
Expenses |  |
Administrative | 452,619 | 485,493
Depreciation and amortization | 1,454,131 | 1,495,048
Management fee | 369,252 | 347,181
Operating | 1,432,175 | 1,225,750
Renting | 29,851 | 46,383
Repairs and maintenance | 1,081,279 | 1,052,344
Taxes and insurance | 1,160,930 | 1,130,192
Total Expenses | 5,980,237 | 5,782,391
Income Before Other Income and Discontinued Operations | 3,039,456 | 2,950,611
Other Income (loss) |  |
Interest income | 364 | 638
Interest expense | (1,841,069) | (1,934,463)
(Loss) from investments in unconsolidated joint ventures | (316,857) | (403,117)
Total Other Income (loss) | (2,157,562) | (2,336,942)
Income From Continuing Operations | 881,894 | 613,669
Discontinued Operations |  |
Income from discontinued operations | 19,731 | 13,284
Net Income | $ 901,625 | $ 626,953
Income per Unit |  |
Income before discontinued operations (in dollars per unit) | $ 6.77 | $ 4.67
Income from discontinued operations (in dollars per unit) | $ 0.15 | $ 0.10
Net Income per Unit (in dollars per unit) | $ 6.92 | $ 4.77
Weighted Average Number of Units Outstanding (in units) | 130,244 | 131,484

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- Definition Weighted average number of limited partnership units outstanding determined by relating the portion of time within a reporting period that general partnership units have been outstanding to the total time in that period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187171-122770 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section F + Details
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