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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Balance Sheet) (Details) | Jun. 30, 2016 USD ($) property | Dec. 31, 2015 USD ($) | Jun. 30, 2015 USD ($) property | Oct. 28, 2009 USD ($) item | Oct. 03, 2005 USD ($) item | Mar. 07, 2005 item | Mar. 02, 2005 USD ($) item | Sep. 30, 2004 USD ($) item | Aug. 31, 2004 USD ($) item | Nov. 30, 2001 USD ($) item
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 7,079,962 | $ 7,819,162 |  |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | (2,468,307) | $ (2,288,090) |  |  |  |  |  |  |  |
Investment Properties |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 145,999,494 |  | $ 151,316,712 |  |  |  |  |  |  |
Cash & Cash Equivalents | 1,640,161 |  | 1,719,138 |  |  |  |  |  |  |
Rent Receivable | 183,110 |  | 188,006 |  |  |  |  |  |  |
Real Estate Tax Escrow | 539,506 |  | 668,176 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 2,690,531 |  | 2,340,334 |  |  |  |  |  |  |
Total Assets | 151,052,802 |  | 156,232,366 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 134,906,750 |  | 136,507,135 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 986,745 |  | 1,118,568 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 4,142,392 |  | 3,863,685 |  |  |  |  |  |  |
Total Liabilities | 140,035,887 |  | 141,489,388 |  |  |  |  |  |  |
Partners' Capital | 11,016,915 |  | 14,742,978 |  |  |  |  |  |  |
Total Liabilities and Capital | 151,052,802 |  | 156,232,366 |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | 7,079,962 |  | 7,866,077 |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | (2,468,307) |  | (1,534,258) |  |  |  |  |  |  |
Total Investment in Unconsolidated Joint Ventures (Net) | $ 4,611,655 |  | $ 6,331,819 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 1,033 |  | 1,033 |  |  |  |  |  |  |
Units to be retained | property | 786 |  | 786 |  |  |  |  |  |  |
Units to be sold | property | 247 |  | 247 |  |  |  |  |  |  |
Units sold | property | 245 |  | 240 |  |  |  |  |  |  |
Unsold units | property | 2 |  | 7 |  |  |  |  |  |  |
Investment Properties | Residential buildings |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 1,030 |  | 1,030 |  |  |  |  |  |  |
Investment Properties | Commercial |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 3 |  | 3 |  |  |  |  |  |  |
Hamilton Essex 81 |  |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 9,872,451 |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  |  |  |  | 48 |  |  |  |
Hamilton Essex 81 | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 8,233,823 |  | $ 8,564,474 |  |  |  |  |  |  |
Cash & Cash Equivalents | 111,271 |  | 29,625 |  |  |  |  |  |  |
Rent Receivable | 46,713 |  | 25,517 |  |  |  |  |  |  |
Real Estate Tax Escrow | 83,814 |  | 123,085 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 105,562 |  | 92,967 |  |  |  |  |  |  |
Total Assets | 8,581,183 |  | 8,835,668 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 9,872,451 |  | 8,020,648 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 54,553 |  | 59,786 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 196,372 |  | 199,886 |  |  |  |  |  |  |
Total Liabilities | 10,123,376 |  | 8,280,320 |  |  |  |  |  |  |
Partners' Capital | (1,542,193) |  | 555,348 |  |  |  |  |  |  |
Total Liabilities and Capital | $ 8,581,183 |  | $ 8,835,668 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures |  |  | $ 277,674 |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | $ (771,097) |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 49 |  | 49 |  |  |  |  |  |  |
Units to be retained | property | 49 |  | 49 |  |  |  |  |  |  |
Hamilton Essex 81 | Residential buildings | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 48 |  | 48 |  |  |  |  |  |  |
Hamilton Essex 81 | Commercial | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 1 |  | 1 |  |  |  |  |  |  |
Hamilton Essex Development | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | $ 2,617,251 |  | $ 2,620,081 |  |  |  |  |  |  |
Cash & Cash Equivalents | 42,323 |  | 33,530 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 1,351 |  |  |  |  |  |  |  |  |
Total Assets | 2,660,925 |  | 2,653,611 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable |  |  | 1,959,763 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 850 |  | 5,308 |  |  |  |  |  |  |
Total Liabilities | 850 |  | 1,965,071 |  |  |  |  |  |  |
Partners' Capital | 2,660,075 |  | 688,540 |  |  |  |  |  |  |
Total Liabilities and Capital | $ 2,660,925 |  | $ 2,653,611 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 1,330,037 |  | $ 344,270 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 1 |  | 1 |  |  |  |  |  |  |
Units to be retained | property | 1 |  | 1 |  |  |  |  |  |  |
Hamilton Essex Development | Commercial | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 1 |  | 1 |  |  |  |  |  |  |
345 Franklin |  |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 9,920,098 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  |  |  |  |  |  |  |  | 50.00%
Investment in Unconsolidated Joint Ventures |  |  |  |  |  |  |  |  |  | $ 1,533,000
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  |  |  |  |  |  |  |  | 40
345 Franklin | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 6,607,281 |  | $ 6,951,074 |  |  |  |  |  |  |
Cash & Cash Equivalents | 183,078 |  | 116,046 |  |  |  |  |  |  |
Rent Receivable | 8,347 |  | 4,123 |  |  |  |  |  |  |
Real Estate Tax Escrow | 16,713 |  | 17,330 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 37,218 |  | 51,470 |  |  |  |  |  |  |
Total Assets | 6,852,637 |  | 7,140,043 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 9,920,098 |  | 9,913,439 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 67,207 |  | 64,628 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 259,754 |  | 230,492 |  |  |  |  |  |  |
Total Liabilities | 10,247,059 |  | 10,208,559 |  |  |  |  |  |  |
Partners' Capital | (3,394,422) |  | (3,068,516) |  |  |  |  |  |  |
Total Liabilities and Capital | $ 6,852,637 |  | $ 7,140,043 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | $ (1,697,210) |  | $ (1,534,258) |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 40 |  | 40 |  |  |  |  |  |  |
Units to be retained | property | 40 |  | 40 |  |  |  |  |  |  |
345 Franklin | Residential buildings | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 40 |  | 40 |  |  |  |  |  |  |
Hamilton 1025 |  |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 4,693,693 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  |  |  |  |  | 50.00% |  |  |
Investment in Unconsolidated Joint Ventures |  |  |  |  |  |  | $ 2,352,000 |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  |  |  |  |  | 176 |  |  |
Units to be retained | item |  |  |  |  |  |  | 49 |  |  |
Units sold | item |  |  |  |  |  |  | 127 |  |  |
Hamilton 1025 | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 4,829,662 |  | $ 5,039,485 |  |  |  |  |  |  |
Cash & Cash Equivalents | 288 |  | 6,348 |  |  |  |  |  |  |
Rent Receivable | 18,732 |  | 5,178 |  |  |  |  |  |  |
Real Estate Tax Escrow | 83,537 |  | 72,812 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 68,884 |  | 54,129 |  |  |  |  |  |  |
Total Assets | 5,001,103 |  | 5,177,952 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 4,693,693 |  | 4,762,744 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 28,749 |  | 27,358 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 89,470 |  | 97,276 |  |  |  |  |  |  |
Total Liabilities | 4,811,912 |  | 4,887,378 |  |  |  |  |  |  |
Partners' Capital | 189,191 |  | 290,574 |  |  |  |  |  |  |
Total Liabilities and Capital | $ 5,001,103 |  | $ 5,177,952 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 94,594 |  | $ 145,287 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 176 |  | 176 |  |  |  |  |  |  |
Units to be retained | property | 49 |  | 49 |  |  |  |  |  |  |
Units to be sold | property | 127 |  | 127 |  |  |  |  |  |  |
Units sold | property | 127 |  | 127 |  |  |  |  |  |  |
Hamilton 1025 | Residential buildings | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 175 |  | 175 |  |  |  |  |  |  |
Hamilton 1025 | Commercial | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 1 |  | 1 |  |  |  |  |  |  |
Hamilton Bay Sales | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | $ 241,741 |  | $ 793,069 |  |  |  |  |  |  |
Cash & Cash Equivalents | 28,695 |  | 8,106 |  |  |  |  |  |  |
Rent Receivable | 2,400 |  | 1,605 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 1,891 |  | 19,977 |  |  |  |  |  |  |
Total Assets | 274,727 |  | 822,757 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 1,395 |  | 20,207 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 2,373 |  | 5,810 |  |  |  |  |  |  |
Total Liabilities | 3,768 |  | 26,017 |  |  |  |  |  |  |
Partners' Capital | 270,959 |  | 796,740 |  |  |  |  |  |  |
Total Liabilities and Capital | $ 274,727 |  | $ 822,757 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 135,479 |  | $ 398,370 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 120 |  | 120 |  |  |  |  |  |  |
Units to be sold | property | 120 |  | 120 |  |  |  |  |  |  |
Units sold | property | 118 |  | 113 |  |  |  |  |  |  |
Unsold units | property | 2 |  | 7 |  |  |  |  |  |  |
Hamilton Bay Sales | Residential buildings | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 120 |  | 120 |  |  |  |  |  |  |
Hamilton Bay Apts |  |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 4,463,701 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  |  |  | 50.00% |  |  |  |  |
Investment in Unconsolidated Joint Ventures |  |  |  |  | $ 2,500,000 |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  |  |  | 168 |  |  |  |  |
Units to be retained | item |  |  |  |  | 48 |  |  |  |  |
Units sold | item |  |  |  |  | 120 |  |  |  |  |
Hamilton Bay Apts | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 6,017,735 |  | $ 6,288,296 |  |  |  |  |  |  |
Cash & Cash Equivalents | 4,943 |  | 829 |  |  |  |  |  |  |
Rent Receivable | 12,257 |  | 2,221 |  |  |  |  |  |  |
Real Estate Tax Escrow | 37,780 |  | 56,520 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 74,021 |  | 55,989 |  |  |  |  |  |  |
Total Assets | 6,146,736 |  | 6,403,855 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 4,463,701 |  | 4,528,267 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 9,232 |  | 14,768 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 98,765 |  | 95,435 |  |  |  |  |  |  |
Total Liabilities | 4,571,698 |  | 4,638,470 |  |  |  |  |  |  |
Partners' Capital | 1,575,038 |  | 1,765,385 |  |  |  |  |  |  |
Total Liabilities and Capital | $ 6,146,736 |  | $ 6,403,855 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 787,518 |  | $ 882,693 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 48 |  | 48 |  |  |  |  |  |  |
Units to be retained | property | 48 |  | 48 |  |  |  |  |  |  |
Hamilton Bay Apts | Residential buildings | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 48 |  | 48 |  |  |  |  |  |  |
Hamilton Minuteman |  |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 5,169,696 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  |  |  |  |  |  | 50.00% |  |
Investment in Unconsolidated Joint Ventures |  |  |  |  |  |  |  | $ 5,075,000 |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  |  |  |  |  |  | 42 |  |
Hamilton Minuteman | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 6,200,372 |  | $ 6,421,497 |  |  |  |  |  |  |
Cash & Cash Equivalents | 170 |  | 42,200 |  |  |  |  |  |  |
Rent Receivable |  |  | 152 |  |  |  |  |  |  |
Real Estate Tax Escrow | 46,263 |  | 39,006 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 159,492 |  | 43,472 |  |  |  |  |  |  |
Total Assets | 6,406,297 |  | 6,546,327 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 5,169,696 |  | 5,246,816 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 57,401 |  | 47,865 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 110,976 |  | 96,548 |  |  |  |  |  |  |
Total Liabilities | 5,338,073 |  | 5,391,229 |  |  |  |  |  |  |
Partners' Capital | 1,068,224 |  | 1,155,098 |  |  |  |  |  |  |
Total Liabilities and Capital | $ 6,406,297 |  | $ 6,546,327 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 534,111 |  | $ 577,549 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 42 |  | 42 |  |  |  |  |  |  |
Units to be retained | property | 42 |  | 42 |  |  |  |  |  |  |
Hamilton Minuteman | Residential buildings | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 42 |  | 42 |  |  |  |  |  |  |
Hamilton on Main Apts |  |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 16,768,914 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  |  |  |  |  |  |  | 50.00% |
Investment in Unconsolidated Joint Ventures |  |  |  |  |  |  |  |  | $ 8,000,000 |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  |  |  |  |  |  |  | 280 |
Units sold | item |  |  |  |  |  |  |  |  | 137 |
Hamilton on Main Apts | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 18,146,220 |  | $ 19,007,097 |  |  |  |  |  |  |
Cash & Cash Equivalents | 172,519 |  | 208,411 |  |  |  |  |  |  |
Rent Receivable | 13,230 |  | 15,289 |  |  |  |  |  |  |
Real Estate Tax Escrow | 37,745 |  | 94,677 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 109,424 |  | 82,262 |  |  |  |  |  |  |
Total Assets | 18,479,138 |  | 19,407,736 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 16,768,914 |  | 16,752,864 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 130,506 |  | 154,122 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 357,657 |  | 337,614 |  |  |  |  |  |  |
Total Liabilities | 17,257,077 |  | 17,244,600 |  |  |  |  |  |  |
Partners' Capital | 1,222,061 |  | 2,163,136 |  |  |  |  |  |  |
Total Liabilities and Capital | $ 18,479,138 |  | $ 19,407,736 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 611,030 |  | $ 1,081,568 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 148 |  | 148 |  |  |  |  |  |  |
Units to be retained | property | 148 |  | 148 |  |  |  |  |  |  |
Hamilton on Main Apts | Residential buildings | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 148 |  | 148 |  |  |  |  |  |  |
Dexter Park |  |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 84,018,197 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  |  | 40.00% |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures |  |  |  | $ 15,925,000 |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  |  | 409 |  |  |  |  |  |
Dexter Park | NERA 40% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 93,105,409 |  | $ 95,631,639 |  |  |  |  |  |  |
Cash & Cash Equivalents | 1,096,874 |  | 1,274,043 |  |  |  |  |  |  |
Rent Receivable | 81,431 |  | 133,921 |  |  |  |  |  |  |
Real Estate Tax Escrow | 233,654 |  | 264,746 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 2,132,688 |  | 1,940,068 |  |  |  |  |  |  |
Total Assets | 96,650,056 |  | 99,244,417 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 84,018,197 |  | 85,322,594 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 636,852 |  | 724,526 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 3,027,025 |  | 2,800,624 |  |  |  |  |  |  |
Total Liabilities | 87,682,074 |  | 88,847,744 |  |  |  |  |  |  |
Partners' Capital | 8,967,982 |  | 10,396,673 |  |  |  |  |  |  |
Total Liabilities and Capital | $ 96,650,056 |  | $ 99,244,417 |  |  |  |  |  |  |
Partners' Capital % - NERA | 40.00% |  | 40.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 3,587,193 |  | $ 4,158,667 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 409 |  | 409 |  |  |  |  |  |  |
Units to be retained | property | 409 |  | 409 |  |  |  |  |  |  |
Dexter Park | Residential buildings | NERA 40% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 409 |  | 409 |  |  |  |  |  |  |

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