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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Balance Sheet) (Details) | Mar. 31, 2017 USD ($) property item | Dec. 31, 2016 USD ($) item | Mar. 31, 2016 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 | $ 9,955,145 | $ 8,336,505 |  |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | (2,636,410) | $ (2,577,606) |  |  |  |  |  |  |  |
Investment Properties |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 141,066,471 |  | $ 147,408,613 |  |  |  |  |  |  |
Cash & Cash Equivalents | 2,423,420 |  | 1,586,477 |  |  |  |  |  |  |
Rent Receivable | 203,506 |  | 128,548 |  |  |  |  |  |  |
Real Estate Tax Escrow | 656,876 |  | 497,248 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 2,090,797 |  | 2,463,770 |  |  |  |  |  |  |
Total Assets | 146,441,070 |  | 152,084,656 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 125,320,159 |  | 135,277,998 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 980,329 |  | 1,070,460 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 3,853,054 |  | 3,759,860 |  |  |  |  |  |  |
Total Liabilities | 130,153,542 |  | 140,108,318 |  |  |  |  |  |  |
Partners' Capital | 16,287,528 |  | 11,976,338 |  |  |  |  |  |  |
Total Liabilities and Capital | 146,441,070 |  | 152,084,656 |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | 9,955,145 |  | 7,440,487 |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | (2,636,410) |  | (2,384,811) |  |  |  |  |  |  |
Total Investment in Unconsolidated Joint Ventures (Net) | $ 7,318,735 |  | $ 5,055,676 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 1,033 |  | 1,033 |  |  |  |  |  |  |
Units to be retained | property | 690 |  | 786 |  |  |  |  |  |  |
Units to be sold | property | 343 |  | 247 |  |  |  |  |  |  |
Units sold | property | 264 |  | 244 |  |  |  |  |  |  |
Unsold units | property | 79 |  | 3 |  |  |  |  |  |  |
Units unsold with deposits for future sale | property | 14 |  |  |  |  |  |  |  |  |
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 | $ 9,882,793 |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  |  |  |  | 48 |  |  |  |
Hamilton Essex 81 | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 7,907,838 |  | $ 8,334,464 |  |  |  |  |  |  |
Cash & Cash Equivalents | 158,945 |  | 99,760 |  |  |  |  |  |  |
Rent Receivable | 17,373 |  | 64,319 |  |  |  |  |  |  |
Real Estate Tax Escrow | 119,722 |  | 33,350 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 96,193 |  | 154,594 |  |  |  |  |  |  |
Total Assets | 8,300,071 |  | 8,686,487 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 9,882,793 |  | 9,869,004 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 48,972 |  | 56,759 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 232,421 |  | 210,924 |  |  |  |  |  |  |
Total Liabilities | 10,164,186 |  | 10,136,687 |  |  |  |  |  |  |
Partners' Capital | (1,864,115) |  | (1,450,200) |  |  |  |  |  |  |
Total Liabilities and Capital | $ 8,300,071 |  | $ 8,686,487 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | $ (932,058) |  | $ (725,100) |  |  |  |  |  |  |
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 | $ 2,622,729 |  | $ 2,617,959 |  |  |  |  |  |  |
Cash & Cash Equivalents | 50,621 |  | 49,336 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 246 |  | 226 |  |  |  |  |  |  |
Total Assets | 2,673,596 |  | 2,667,521 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable |  |  | 0 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 623 |  | 426 |  |  |  |  |  |  |
Total Liabilities | 623 |  | 426 |  |  |  |  |  |  |
Partners' Capital | 2,672,973 |  | 2,667,095 |  |  |  |  |  |  |
Total Liabilities and Capital | $ 2,673,596 |  | $ 2,667,521 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 1,336,486 |  | $ 1,333,547 |  |  |  |  |  |  |
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 | $ 9,805,791 |  |  |  |  |  |  |  |  |
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 | 6,542,738 |  | $ 6,693,104 |  |  |  |  |  |  |
Cash & Cash Equivalents | 70,277 |  | 125,764 |  |  |  |  |  |  |
Rent Receivable | 3,496 |  | 2,253 |  |  |  |  |  |  |
Real Estate Tax Escrow | 45,948 |  | 40,392 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 45,250 |  | 31,233 |  |  |  |  |  |  |
Total Assets | 6,707,709 |  | 6,892,746 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 9,805,791 |  | 9,918,433 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 84,711 |  | 77,758 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 225,911 |  | 215,976 |  |  |  |  |  |  |
Total Liabilities | 10,116,413 |  | 10,212,167 |  |  |  |  |  |  |
Partners' Capital | (3,408,704) |  | (3,319,421) |  |  |  |  |  |  |
Total Liabilities and Capital | $ 6,707,709 |  | $ 6,892,746 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | $ (1,704,352) |  | $ (1,659,711) |  |  |  |  |  |  |
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 |  |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  |  |  |  |  | 50.00% |  |  |
Investment in Unconsolidated Joint Ventures |  |  |  |  |  |  | $ 2,352,000 |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  |  |  |  |  | 176 |  |  |
Units to be retained | item | (2) |  |  |  |  |  | (49) |  |  |
Units sold | item | 6 | 10 |  |  |  |  | 127 |  |  |
Unsold units | item | 30 |  |  |  |  |  |  |  |  |
Hamilton 1025 | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | $ 3,029,735 |  | $ 4,882,565 |  |  |  |  |  |  |
Cash & Cash Equivalents | 490,522 |  | 14,124 |  |  |  |  |  |  |
Rent Receivable | 12,438 |  | 4,274 |  |  |  |  |  |  |
Real Estate Tax Escrow |  |  | 81,742 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 131,148 |  | 58,033 |  |  |  |  |  |  |
Total Assets | 3,663,843 |  | 5,040,738 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable |  |  | 4,710,990 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 15,600 |  | 24,052 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 49,544 |  | 102,088 |  |  |  |  |  |  |
Total Liabilities | 65,144 |  | 4,837,130 |  |  |  |  |  |  |
Partners' Capital | 3,598,699 |  | 203,608 |  |  |  |  |  |  |
Total Liabilities and Capital | $ 3,663,843 |  | $ 5,040,738 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 1,799,349 |  | $ 101,803 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 176 |  | 176 |  |  |  |  |  |  |
Units to be retained | property |  |  | 49 |  |  |  |  |  |  |
Units to be sold | property | 175 |  | 127 |  |  |  |  |  |  |
Units sold | property | 143 |  | 127 |  |  |  |  |  |  |
Unsold units | property | 32 |  |  |  |  |  |  |  |  |
Units unsold with deposits for future sale | property | 4 |  |  |  |  |  |  |  |  |
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 | $ 145,134 |  | $ 357,803 |  |  |  |  |  |  |
Cash & Cash Equivalents | 88 |  | 126,576 |  |  |  |  |  |  |
Rent Receivable | 225 |  | 1,520 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 16,480 |  | 18,370 |  |  |  |  |  |  |
Total Assets | 161,927 |  | 504,269 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 2,330 |  | 13,187 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 101 |  | 2,362 |  |  |  |  |  |  |
Total Liabilities | 2,431 |  | 15,549 |  |  |  |  |  |  |
Partners' Capital | 159,496 |  | 488,720 |  |  |  |  |  |  |
Total Liabilities and Capital | $ 161,927 |  | $ 504,269 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 79,748 |  | $ 244,359 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 120 |  | 120 |  |  |  |  |  |  |
Units to be sold | property | 120 |  | 120 |  |  |  |  |  |  |
Units sold | property | 120 |  | 117 |  |  |  |  |  |  |
Unsold units | property |  |  | 3 |  |  |  |  |  |  |
Hamilton Bay Sales | Residential buildings | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 120 |  | 120 |  |  |  |  |  |  |
Hamilton Bay Apts |  |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
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 | $ 5,848,498 |  | $ 6,095,119 |  |  |  |  |  |  |
Cash & Cash Equivalents | 17,718 |  | 11,116 |  |  |  |  |  |  |
Rent Receivable | 5,844 |  | 3,612 |  |  |  |  |  |  |
Real Estate Tax Escrow | 17,849 |  | 44,499 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 103,595 |  | 66,580 |  |  |  |  |  |  |
Total Assets | 5,993,504 |  | 6,220,926 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable |  |  | 4,480,571 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 5,782 |  | 9,900 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 75,660 |  | 99,093 |  |  |  |  |  |  |
Total Liabilities | 81,442 |  | 4,589,564 |  |  |  |  |  |  |
Partners' Capital | 5,912,062 |  | 1,631,362 |  |  |  |  |  |  |
Total Liabilities and Capital | $ 5,993,504 |  | $ 6,220,926 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 2,956,030 |  | $ 815,680 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 48 |  | 48 |  |  |  |  |  |  |
Units to be retained | property |  |  | 48 |  |  |  |  |  |  |
Units to be sold | property | 48 |  |  |  |  |  |  |  |  |
Units sold | property | 1 |  |  |  |  |  |  |  |  |
Unsold units | property | 47 |  |  |  |  |  |  |  |  |
Units unsold with deposits for future sale | property | 10 |  |  |  |  |  |  |  |  |
Hamilton Bay Apts | Residential buildings | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 48 |  | 48 |  |  |  |  |  |  |
Hamilton Minuteman |  |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 5,881,680 |  |  |  |  |  |  |  |  |
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 | 6,095,634 |  | $ 6,273,766 |  |  |  |  |  |  |
Cash & Cash Equivalents | 60,393 |  | 60,710 |  |  |  |  |  |  |
Rent Receivable | 1,152 |  | 75 |  |  |  |  |  |  |
Real Estate Tax Escrow | 19,048 |  | 43,381 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 31,844 |  | 39,366 |  |  |  |  |  |  |
Total Assets | 6,208,071 |  | 6,417,298 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 5,881,680 |  | 5,189,002 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 61,455 |  | 63,090 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 124,719 |  | 117,749 |  |  |  |  |  |  |
Total Liabilities | 6,067,854 |  | 5,369,841 |  |  |  |  |  |  |
Partners' Capital | 140,217 |  | 1,047,457 |  |  |  |  |  |  |
Total Liabilities and Capital | $ 6,208,071 |  | $ 6,417,298 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 70,108 |  | $ 523,728 |  |  |  |  |  |  |
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 | $ 16,780,953 |  |  |  |  |  |  |  |  |
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 | 17,593,862 |  | $ 18,357,260 |  |  |  |  |  |  |
Cash & Cash Equivalents | 214,895 |  | 129,070 |  |  |  |  |  |  |
Rent Receivable | 11,479 |  | 14,814 |  |  |  |  |  |  |
Real Estate Tax Escrow | 213,815 |  | 37,745 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 107,642 |  | 96,529 |  |  |  |  |  |  |
Total Assets | 18,141,693 |  | 18,635,418 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 16,780,953 |  | 16,764,902 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 153,499 |  | 151,830 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 380,586 |  | 335,850 |  |  |  |  |  |  |
Total Liabilities | 17,315,038 |  | 17,252,582 |  |  |  |  |  |  |
Partners' Capital | 826,655 |  | 1,382,836 |  |  |  |  |  |  |
Total Liabilities and Capital | $ 18,141,693 |  | $ 18,635,418 |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 413,327 |  | $ 691,418 |  |  |  |  |  |  |
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 | $ 82,968,942 |  |  |  |  |  |  |  |  |
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 | 91,280,303 |  | $ 93,796,573 |  |  |  |  |  |  |
Cash & Cash Equivalents | 1,359,961 |  | 970,021 |  |  |  |  |  |  |
Rent Receivable | 151,499 |  | 37,681 |  |  |  |  |  |  |
Real Estate Tax Escrow | 240,494 |  | 216,139 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 1,558,399 |  | 1,998,839 |  |  |  |  |  |  |
Total Assets | 94,590,656 |  | 97,019,253 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 82,968,942 |  | 84,345,096 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 607,357 |  | 673,458 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 2,764,112 |  | 2,675,818 |  |  |  |  |  |  |
Total Liabilities | 86,340,411 |  | 87,694,372 |  |  |  |  |  |  |
Partners' Capital | 8,250,245 |  | 9,324,881 |  |  |  |  |  |  |
Total Liabilities and Capital | $ 94,590,656 |  | $ 97,019,253 |  |  |  |  |  |  |
Partners' Capital % - NERA | 40.00% |  | 40.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 3,300,097 |  | $ 3,729,952 |  |  |  |  |  |  |
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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