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v3.7.0.1

CONSOLIDATED BALANCE SHEETS - USD ($) | Jun. 30, 2017 | Dec. 31, 2016
--- | --- | ---
ASSETS |  |
Rental Properties | $ 165,745,385 | $ 169,462,811
Cash and Cash Equivalents | 10,953,067 | 7,463,697
Rents Receivable | 472,606 | 567,627
Insurance Recovery Receivable | 68,270 | 700,931
Real Estate Tax Escrows | 469,807 | 444,625
Prepaid Expenses and Other Assets | 4,245,465 | 3,585,870
Investments in Unconsolidated Joint Ventures | 9,029,232 | 8,336,505
Total Assets | 190,983,832 | 190,562,066
LIABILITIES AND PARTNERS' CAPITAL |  |
Mortgage Notes Payable | 211,934,121 | 212,709,080
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture | 2,754,771 | 2,577,606
Accounts Payable and Accrued Expenses | 2,728,121 | 4,052,095
Advance Rental Payments and Security Deposits | 5,695,319 | 5,448,011
Total Liabilities | 223,112,332 | 224,786,792
Partners’ Capital 124,387 and 124,409 units outstanding in 2017 and 2016 respectively | (32,128,500) | (34,224,726)
Total Liabilities and Partners' Capital | $ 190,983,832 | $ 190,562,066

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