XML 44 R34.htm IDEA: XBRL DOCUMENT
v3.5.0.2

RELATED PARTY TRANSACTIONS (Details) | 3 Months Ended | 6 Months Ended | 18 Months Ended
--- | --- | --- | ---
Jun. 30, 2016 USD ($) | Jun. 30, 2015 USD ($) | Jun. 30, 2016 USD ($) item | Jun. 30, 2015 USD ($) | Jun. 30, 2016 USD ($)
RELATED PARTY TRANSACTIONS |  |  |  |  |
Management fee as percentage of gross receipts rental revenue |  |  | 4.00% |  |
Management fee as a percentage of gross receipts rental revenue of Linewt, LLC |  |  | 3.00% |  |
Management fees of related party |  |  | $ 1,001,000 | $ 916,000 |
Management fee | $ 501,288 | $ 465,716 | 1,001,495 | 916,419 |
Repairs and maintenance | 2,193,186 | 1,822,707 | 3,820,886 | 3,169,921 |
Administrative expense | $ 455,160 | $ 487,233 | $ 953,416 | 1,020,310 |
Number of limited partnerships and limited liability companies in which the entity has invested | item |  |  | 9 |  |
Dexter Park |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |
Management fee as percentage of gross receipts rental revenue |  |  | 2.00% |  |
President of Management Company |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |
Quarterly fee for asset management consulting services |  |  | $ 37,500 | 37,500 |
Harold Brown | Minimum |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |
Ownership interest (as a percent) | 43.20% |  | 43.20% |  | 43.20%
Harold Brown | Maximum |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |
Ownership interest (as a percent) | 57.00% |  | 57.00% |  | 57.00%
General Partner or Management Company [Member] |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |
Repairs and maintenance |  |  | $ 197,000 |  |
Administrative expense |  |  | 165,000 |  |
Commercial brokerage fees |  |  | 67,000 |  |
Expenses for construction, architectural services and supervision of capital projects |  |  | 128,000 |  |
Costs related to professional services |  |  | 557,000 | 441,000 |
Management Company [Member] |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |
Reimbursement to related party for payroll transfers |  |  | 1,509,000 | 1,383,000 |
Employer contributions in 401K plan |  |  | $ 0 | 0 |
Number of accounting staff of related party providing bookkeeping and accounting functions | item |  |  | 14 |  |
Fees for accounting and bookkeeping services |  |  | $ 62,500 | $ 62,500 |
Number of employees having ownership interest in the investment properties | item |  |  | 6 |  |
Fees for accounting and bookkeeping services per year |  |  |  |  | $ 125,000
Partially owned properties |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |
Management fee as percentage of gross receipts rental revenue |  |  | 4.00% |  |
Management fee |  |  | $ 354,000 |  |
Repairs and maintenance |  |  | 30,000 |  |
Administrative expense |  |  | 17,000 |  |
Construction, architectural services and supervision of capital projects |  |  | 33,000 |  |
Amount paid to related party |  |  | $ 434,000 |  |
Residential and mixed-use properties | Partially owned properties | Minimum |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |
Ownership interest (as a percent) | 40.00% |  | 40.00% |  | 40.00%
Residential and mixed-use properties | Partially owned properties | Maximum |  |  |  |  |
RELATED PARTY TRANSACTIONS |  |  |  |  |
Ownership interest (as a percent) | 50.00% |  | 50.00% |  | 50.00%

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