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CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Rental Properties	$ 238,720,755	$ 207,153,794
Cash and Cash Equivalents	4,827,468	7,238,905
Rents Receivable	615,205	592,045
Real Estate Tax Escrows	486,756	488,396
Prepaid Expenses and Other Assets	4,482,605	4,122,052
Investments in Unconsolidated Joint Ventures	6,986,470	7,212,044
Total Assets	256,119,259	226,807,236
LIABILITIES AND PARTNERS' CAPITAL
Mortgage Notes Payable	253,584,894	233,221,258
Line of credit	25,000,000	17,000,000
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture	2,933,844	2,806,319
Accounts Payable and Accrued Expenses	3,315,038	3,340,509
Advance Rental Payments and Security Deposits	5,841,583	5,754,327
Total Liabilities	290,675,359	262,122,413
Partners’ Capital 124,386 and 124,409 units outstanding in 2017 and 2016 respectively	(34,556,100)	(35,315,177)
Total Liabilities and Partners' Capital	$ 256,119,259	$ 226,807,236

X

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Represents the share of partners capital in distribution and loss in excess of investment in unconsolidated joint venture.

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Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

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For an unclassified balance sheet, the amount due from customers or clients for goods or services that have been delivered or sold in the normal course of business, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.

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Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

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Refundable consideration, usually cash, held by the entity pending satisfactory completion of the entity's obligations or pending the closing of a contract.

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This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

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The designation of funds furnished by a borrower to a lender to assure future payments of the borrower's real estate taxes and insurance obligations with respect to a mortgaged property. Escrow deposits may be made for a variety of other purposes such as earnest money and contingent payments. This element excludes replacement reserves which are an escrow separately provided for within the US GAAP taxonomy.

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Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.

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The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

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The amount of ownership interest of different classes of partners in limited partnership.

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Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets.

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Carrying amount of income producing properties held for rental.

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Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower.

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