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CONSOLIDATED BALANCE SHEETS (USD $) | Jun. 30, 2013 | Dec. 31, 2012
--- | --- | ---
ASSETS |  |
Rental Properties | $ 94,292,069 | $ 94,973,600
Property Held for Sale | 0 | 462,250
Cash and Cash Equivalents | 3,291,685 | 6,981,906
Rents Receivable | 429,492 | 475,083
Real Estate Tax Escrows | 347,420 | 449,652
Prepaid Expenses and Other Assets | 2,767,011 | 3,073,890
Deposit and Escrow Held for the Acquisition of Real Estate | 4,103,906 |
Investments in Unconsolidated Joint Ventures | 11,137,984 | 13,986,173
Financing and Leasing Fees | 1,770,603 | 1,135,936
Total Assets | 118,140,170 | 121,538,490
LIABILITIES AND PARTNERS' CAPITAL |  |
Mortgage Notes Payable | 131,671,632 | 138,055,522
Accounts Payable and Accrued Expenses | 2,018,815 | 2,361,942
Advance Rental Payments and Security Deposits | 3,944,741 | 3,636,704
Total Liabilities | 137,635,188 | 144,054,168
Commitments and Contingent Liabilities (Notes 3 and 9) |  |
Partners' Capital 130,040 and 130,444 units outstanding in 2013 and 2012 respectively | (19,495,018) | (22,515,678)
Total Liabilities and Partners' Capital | $ 118,140,170 | $ 121,538,490

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- Definition Property, plant and equipment that is held for sale apart from normal operations and anticipated to be sold in less than one year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1107-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 46 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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