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COMMITMENTS AND CONTINGENCIES | 3 Months Ended
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Mar. 31, 2017
COMMITMENTS AND CONTINGENCIES |
COMMITMENTS AND CONTINGENCIES | NOTE 9. COMMITMENTS AND CONTINGENCIES From time to time, the Partnership is involved in various ordinary routine litigation incidental to its business. The Partnership either has insurance coverage or provides for any uninsured claims when appropriate. The Partnership is not involved in any material pending legal proceedings. On November 19, 2016, a pipe broke at 62 Boylston Street in Boston, MA. resulting in water damage to 24 apartments. The Partnership has insurance coverage on both the repairs and rental loss. As of March 31, 2017, the Partnership has received payments of approximately $150,000 on this claim, and has an estimated insurance recovery receivable of approximately $194,000, which is included on the balance sheet as of March 31, 2017.

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