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CONSOLIDATED STATEMENTS OF INCOME (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Rental income $ 10,439,568 $ 8,904,762 $ 20,954,287 $ 17,828,769
Laundry and sundry income 120,967 98,000 224,177 193,686
Total Revenues 10,560,535 9,002,762 21,178,464 18,022,455
Expenses        
Administrative 568,915 697,238 1,099,482 1,149,855
Depreciation and amortization 2,747,467 1,479,860 5,471,646 2,933,991
Management fee 438,068 374,622 865,461 743,874
Operating 1,020,323 814,609 2,702,257 2,246,784
Renting 108,612 26,815 145,469 56,666
Repairs and maintenance 1,601,307 1,515,934 2,812,456 2,597,213
Taxes and insurance 1,351,043 1,204,862 2,792,153 2,365,792
Total Expenses 7,835,735 6,113,940 15,888,924 12,094,175
Income Before Other Income and Discontinued Operations 2,724,800 2,888,822 5,289,540 5,928,280
Other Income (Expense)        
Interest income 199 351 382 715
Interest expense (2,380,896) (1,762,647) (4,767,062) (3,603,716)
(Loss) from investments in unconsolidated joint ventures (62,382) (336,332) (270,633) (653,189)
Total Other Income (loss) (2,443,079) (2,098,628) (5,037,313) (4,256,190)
Income From Continuing Operations 281,721 790,194 252,227 1,672,090
Discontinued Operations        
Income from discontinued operations   143   19,873
Gain on sale of real estate   3,678,779   3,678,779
Total Discontinued Operations   3,678,922   3,698,652
Net Income $ 281,721 $ 4,469,116 $ 252,227 $ 5,370,742
Income per Unit        
Income before discontinued operations (in dollars per unit) $ 2.18 $ 6.08 $ 1.95 $ 12.85
Income from discontinued operations (in dollars per unit)   $ 28.29   $ 28.43
Net Income per Unit (in dollars per unit) $ 2.18 $ 34.37 $ 1.95 $ 41.28
Weighted Average Number of Units Outstanding (in units) 128,988 130,040 129,149 130,114