Document_And_Entity_Informatio
Document And Entity Information (USD $) | 6 Months Ended |
Jun. 30, 2014 | |
Document and Entity Information [Abstract] | ' |
Entity Registrant Name | 'AEI Income & Growth Fund XXII LTD Partnership |
Document Type | '10-Q |
Current Fiscal Year End Date | '--12-31 |
Entity Common Stock, Shares Outstanding | 15,466 |
Entity Public Float | $0 |
Amendment Flag | 'false |
Entity Central Index Key | '0001023458 |
Entity Current Reporting Status | 'Yes |
Entity Voluntary Filers | 'No |
Entity Filer Category | 'Smaller Reporting Company |
Entity Well-known Seasoned Issuer | 'No |
Document Period End Date | 30-Jun-14 |
Document Fiscal Year Focus | '2014 |
Document Fiscal Period Focus | 'Q2 |
Balance_Sheet
Balance Sheet (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Current Assets: | ' | ' |
Cash | $1,478,226 | $1,629,308 |
Real Estate Held for Investment: | ' | ' |
Land | 2,367,033 | 2,367,033 |
Buildings and Equipment | 6,628,822 | 6,628,822 |
Acquired Intangible Lease Assets | 932,882 | 932,882 |
Real Estate Investments, at cost | 9,928,737 | 9,928,737 |
Accumulated Depreciation and Amortization | 1,617,773 | 1,438,673 |
Real Estate Held for Investment, Net | 8,310,964 | 8,490,064 |
Real Estate Held for Sale | 550,000 | 550,000 |
Total Real Estate | 8,860,964 | 9,040,064 |
Total Assets | 10,339,190 | 10,669,372 |
Current Liabilities: | ' | ' |
Payable to AEI Fund Management, Inc. | 21,143 | 31,983 |
Distributions Payable | 134,022 | 228,023 |
Unearned Rent | 30,113 | 9,058 |
Total Current Liabilities | 185,278 | 269,064 |
Partners’ Capital: | ' | ' |
General Partners | 3,227 | 9,608 |
Limited Partners – 24,000 Units authorized; 15,466 and 15,486 Units issued and outstanding as of 6/30/14 and 12/31/13, respectively | 10,150,685 | 10,390,700 |
Total Partners' Capital | 10,153,912 | 10,400,308 |
Total Liabilities and Partners' Capital | 10,339,190 | 10,669,372 |
Limited Partner [Member] | ' | ' |
Partners’ Capital: | ' | ' |
Total Partners' Capital | $10,150,685 | $10,390,700 |
Balance_Sheet_Parentheticals
Balance Sheet (Parentheticals)(Limited Partner [Member]) | Jun. 30, 2014 | Dec. 31, 2013 |
Limited Partners, units authorized | 24,000 | 24,000 |
Limited Partners, units issued | 15,466 | 15,486 |
Limited Partners, units outstanding | 15,466 | 15,486 |
Statement_of_Income
Statement of Income (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Rental Income | $178,393 | $159,830 | $356,371 | $313,437 |
Expenses: | ' | ' | ' | ' |
Partnership Administration – Affiliates | 35,393 | 35,656 | 73,308 | 74,763 |
Partnership Administration and Property Management – Unrelated Parties | 16,505 | 15,930 | 27,446 | 24,560 |
Property Acquisition | 0 | 28,668 | 0 | 28,668 |
Depreciation and Amortization | 77,111 | 66,744 | 154,222 | 130,550 |
Total Expenses | 129,009 | 146,998 | 254,976 | 258,541 |
Operating Income | 49,384 | 12,832 | 101,395 | 54,896 |
Other Income: | ' | ' | ' | ' |
Interest Income | 1,071 | 1,262 | 2,182 | 2,476 |
Income From Continuing Operations | 50,455 | 14,094 | 103,577 | 57,372 |
Income (Loss) from Discontinued Operations | -11,021 | 21,346 | -17,057 | 634,118 |
Net Income | 39,434 | 35,440 | 86,520 | 691,490 |
Net Income Allocated: | ' | ' | ' | ' |
General Partners | 1,183 | 3,880 | 2,596 | 12,024 |
Limited Partners | $38,251 | $31,560 | $83,924 | $679,466 |
Income (Loss) per Limited Partnership Unit: | ' | ' | ' | ' |
Continuing Operations (in Dollars per share) | $3.16 | $0.88 | $6.49 | $3.58 |
Discontinued Operations (in Dollars per share) | ($0.69) | $1.15 | ($1.07) | $40.07 |
Total – Basic and Diluted (in Dollars per share) | $2.47 | $2.03 | $5.42 | $43.65 |
Weighted Average Units Outstanding – Basic and Diluted (in Shares) | 15,466 | 15,521 | 15,476 | 15,566 |
Statement_of_Cash_Flows
Statement of Cash Flows (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Cash Flows from Operating Activities: | ' | ' |
Net Income | $86,520 | $691,490 |
Adjustments to Reconcile Net Income To Net Cash Provided by Operating Activities: | ' | ' |
Depreciation and Amortization | 179,100 | 168,160 |
Gain on Sale of Real Estate | 0 | 576,841 |
Increase (Decrease) in Payable to AEI Fund Management, Inc. | -10,840 | -50,302 |
Increase (Decrease) in Unearned Rent | 21,055 | 4,292 |
Total Adjustments | 189,315 | -454,691 |
Net Cash Provided By Operating Activities | 275,835 | 236,799 |
Cash Flows from Investing Activities: | ' | ' |
Investments in Real Estate | 0 | 1,680,000 |
Proceeds from Sale of Real Estate | 0 | 1,469,582 |
Net Cash Provided By (Used For) Investing Activities | 0 | -210,418 |
Cash Flows from Financing Activities: | ' | ' |
Distributions Paid to Partners | 412,962 | 376,484 |
Redemption Payments | 13,955 | 63,464 |
Net Cash Used For Financing Activities | -426,917 | -439,948 |
Net Increase (Decrease) in Cash | -151,082 | -413,567 |
Cash, beginning of period | 1,629,308 | 899,910 |
Cash, end of period | $1,478,226 | $486,343 |
Statement_of_Changes_in_Partne
Statement of Changes in Partners' Capital (USD $) | General Partner [Member] | Limited Partner [Member] | Total |
Balance at Dec. 31, 2012 | $4,649 | $10,498,563 | $10,503,212 |
Balance (in Shares) at Dec. 31, 2012 | ' | 15,611.20 | ' |
Distributions Declared | 9,029 | 365,997 | 375,026 |
Redemption Payments | 1,904 | 61,560 | 63,464 |
Redemptions (in Shares) | ' | 90 | ' |
Net Income | 12,024 | 679,466 | 691,490 |
Balance at Jun. 30, 2013 | 5,740 | 10,750,472 | 10,756,212 |
Balance (in Shares) at Jun. 30, 2013 | ' | 15,521.20 | ' |
Balance at Dec. 31, 2013 | 9,608 | 10,390,700 | 10,400,308 |
Balance (in Shares) at Dec. 31, 2013 | ' | 15,486 | ' |
Distributions Declared | 8,558 | 310,403 | 318,961 |
Redemption Payments | 419 | 13,536 | 13,955 |
Redemptions (in Shares) | ' | 20 | ' |
Net Income | 2,596 | 83,924 | 86,520 |
Balance at Jun. 30, 2014 | $3,227 | $10,150,685 | $10,153,912 |
Balance (in Shares) at Jun. 30, 2014 | ' | 15,466 | ' |
Basis_of_Accounting
Basis of Accounting | 6 Months Ended |
Jun. 30, 2014 | |
Disclosure Text Block [Abstract] | ' |
Basis of Accounting [Text Block] | ' |
(1) The condensed statements included herein have been prepared by the registrant, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission, and reflect all adjustments which are, in the opinion of management, necessary to a fair statement of the results of operations for the interim period, on a basis consistent with the annual audited statements. The adjustments made to these condensed statements consist only of normal recurring adjustments. Certain information, accounting policies, and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the registrant believes that the disclosures are adequate to make the information presented not misleading. It is suggested that these condensed financial statements be read in conjunction with the financial statements and the summary of significant accounting policies and notes thereto included in the registrant’s latest annual report on Form 10-K. | |
Organization
Organization | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | ' |
(2) Organization – | |
AEI Income & Growth Fund XXII Limited Partnership (“Partnership”) was formed to acquire and lease commercial properties to operating tenants. The Partnership's operations are managed by AEI Fund Management XXI, Inc. (“AFM”), the Managing General Partner. Robert P. Johnson, the President and sole director of AFM, serves as the Individual General Partner. AFM is a wholly owned subsidiary of AEI Capital Corporation of which Mr. Johnson is the majority shareholder. AEI Fund Management, Inc. (“AEI”), an affiliate of AFM, performs the administrative and operating functions for the Partnership. | |
The terms of the Partnership offering called for a subscription price of $1,000 per Limited Partnership Unit, payable on acceptance of the offer. The Partnership commenced operations on May 1, 1997 when minimum subscriptions of 1,500 Limited Partnership Units ($1,500,000) were accepted. The offering terminated January 9, 1999 when the extended offering period expired. The Partnership received subscriptions for 16,917.222 Limited Partnership Units. Under the terms of the Limited Partnership Agreement, the Limited Partners and General Partners contributed funds of $16,917,222 and $1,000, respectively. | |
During operations, any Net Cash Flow, as defined, which the General Partners determine to distribute will be distributed 97% to the Limited Partners and 3% to the General Partners. Distributions to Limited Partners will be made pro rata by Units. | |
Any Net Proceeds of Sale, as defined, from the sale or financing of properties which the General Partners determine to distribute will, after provisions for debts and reserves, be paid in the following manner: (i) first, 99% to the Limited Partners and 1% to the General Partners until the Limited Partners receive an amount equal to: (a) their Adjusted Capital Contribution plus (b) an amount equal to 9% of their Adjusted Capital Contribution per annum, cumulative but not compounded, to the extent not previously distributed from Net Cash Flow; (ii) any remaining balance will be distributed 90% to the Limited Partners and 10% to the General Partners. Distributions to the Limited Partners will be made pro rata by Units. | |
For tax purposes, profits from operations, other than profits attributable to the sale, exchange, financing, refinancing or other disposition of property, will be allocated first in the same ratio in which, and to the extent, Net Cash Flow is distributed to the Partners for such year. Any additional profits will be allocated in the same ratio as the last dollar of Net Cash Flow is distributed. Net losses from operations will be allocated 99% to the Limited Partners and 1% to the General Partners. | |
For tax purposes, profits arising from the sale, financing, or other disposition of property will be allocated in accordance with the Partnership Agreement as follows: (i) first, to those partners with deficit balances in their capital accounts in an amount equal to the sum of such deficit balances; (ii) second, 99% to the Limited Partners and 1% to the General Partners until the aggregate balance in the Limited Partners' capital accounts equals the sum of the Limited Partners' Adjusted Capital Contributions plus an amount equal to 9% of their Adjusted Capital Contributions per annum, cumulative but not compounded, to the extent not previously allocated; (iii) third, the balance of any remaining gain will then be allocated 90% to the Limited Partners and 10% to the General Partners. Losses will be allocated 98% to the Limited Partners and 2% to the General Partners. | |
The General Partners are not required to currently fund a deficit capital balance. Upon liquidation of the Partnership or withdrawal by a General Partner, the General Partners will contribute to the Partnership an amount equal to the lesser of the deficit balances in their capital accounts or 1% of total Limited Partners' and General Partners' capital contributions. | |
Recently_Adopted_Accounting_St
Recently Adopted Accounting Standards | 6 Months Ended |
Jun. 30, 2014 | |
Disclosure Text Block Supplement [Abstract] | ' |
Accounting Changes [Text Block] | ' |
(3) Recently Adopted Accounting Standards - | |
In April 2014, the FASB issued ASU No. 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360) Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” This topic amends the requirements for reporting discontinued operations. The disposal of a component must represent a strategic shift that will have a major effect on the Partnership’s operations and financial results in order to be reported as discontinued operations, and require certain additional interim and annual disclosures. The amendments in this ASU are effective for reporting periods beginning after December 15, 2014 with early adoption permitted. The Partnership has early adopted this standard effective January 1, 2014 and has applied the provisions prospectively. As a result, the Partnership anticipates that properties will not be considered discontinued operations when the properties are sold after January 1, 2014, with the exception of properties that were classified as Real Estate Held for Sale at December 31, 2013. | |
Reclassification
Reclassification | 6 Months Ended |
Jun. 30, 2014 | |
Disclosure Text Block [Abstract] | ' |
Reclassifications [Text Block] | ' |
(4) Reclassification – | |
Certain items related to discontinued operations in the prior year’s financial statements have been reclassified to conform to 2014 presentation. These reclassifications had no effect on Partners’ capital, net income or cash flows. | |
Real_Estate_Held_for_Investmen
Real Estate Held for Investment | 6 Months Ended |
Jun. 30, 2014 | |
Real Estate [Abstract] | ' |
Real Estate Disclosure [Text Block] | ' |
(5) Real Estate Held for Investment – | |
On June 6, 2013, the Partnership purchased a St. Vincent Medical Clinic in Lonoke, Arkansas for $1,680,000. The Partnership allocated $611,477 of the purchase price to Acquired Intangible Lease Assets, representing in-place lease intangibles of $179,987 and above-market lease intangibles of $431,490. The Partnership incurred $35,444 of acquisition expenses related to the purchase that were expensed. The property is leased to St. Vincent Health System under a Lease Agreement with a remaining primary term of 10.4 years (as of the date of purchase) and annual rent of $131,642. | |
Payable_to_AEI_Fund_Management
Payable to AEI Fund Management, Inc. | 6 Months Ended |
Jun. 30, 2014 | |
Payables and Accruals [Abstract] | ' |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | ' |
(6) Payable to AEI Fund Management, Inc. – | |
AEI Fund Management, Inc. performs the administrative and operating functions for the Partnership. The payable to AEI Fund Management represents the balance due for those services. This balance is non-interest bearing and unsecured and is to be paid in the normal course of business. | |
Discontinued_Operations
Discontinued Operations | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | ||||||||
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | ' | ||||||||
(7) Discontinued Operations – | |||||||||
During the three months ended March 31, 2013, the Partnership sold its remaining 29.864% interest in the Jared Jewelry store in Sugar Land, Texas, in five separate transactions, to unrelated third parties. The Partnership received total net sale proceeds of $1,494,782, which resulted in a net gain of $602,041. The cost and related accumulated depreciation of the interests sold was $1,145,259 and $252,518, respectively. For the three months ended March 31, 2013, the Partnership recognized a net gain of $576,841. | |||||||||
In June 2013, the Partnership entered into an agreement to sell its 38% interest in the Applebee’s restaurant in Johnstown, Pennsylvania to an unrelated third party. On August 23, 2013, the sale closed with the Partnership receiving net sale proceeds of $1,200,499, which resulted in a net gain of $377,578. At the time of sale, the cost and related accumulated depreciation was $1,031,187 and $208,266, respectively. | |||||||||
During the first six months of 2014 and 2013, the Partnership distributed net sale proceeds of $50,505 and $111,111, respectively. The Limited Partners received distributions of $50,000 and $110,000 and the General Partners received distributions of $505 and $1,111 for the periods, respectively. The Limited Partners’ distributions represented $3.23 and $7.08 per Unit for the periods, respectively. | |||||||||
In September 2013, the Partnership decided to sell its 50% interest in the Johnny Carino’s restaurant in Longmont, Colorado and classified it as Real Estate Held for Sale. In November 2013, the Partnership entered into a non-binding letter of intent to sell the property to an unrelated third party. If the sale was completed, the Partnership expected to receive net proceeds of approximately $625,000. Based on its long-lived asset valuation analysis, the Partnership determined the Johnny Carino’s restaurant was impaired. As a result, in the third quarter of 2013, a charge to discontinued operations for real estate impairment of $382,526 was recognized, which was the difference between the carrying value at September 30, 2013 of $1,007,526 and the estimated fair value of $625,000. The buyer subsequently withdrew the offer. The Partnership continues to seek a buyer for the property. Based on its long-lived asset valuation analysis, in the fourth quarter of 2013, the Partnership recognized an additional real estate impairment of $75,000 to decrease the carrying value to the estimated fair value of $550,000 as of December 31, 2013. The charges were recorded against the cost of the land and building. At June 30, 2014 and December 31, 2013, the property was classified as Real Estate Held for Sale. | |||||||||
After experiencing financial difficulties, the tenant of the Johnny Carino’s restaurant in Longmont, Colorado filed for Chapter 11 bankruptcy reorganization on March 27, 2014. Shortly thereafter, the tenant closed the restaurant, filed a motion with the bankruptcy court to reject the lease and returned possession of the property to the Partnership. The tenant is behind on the rent, having paid rent through October 2013. As of the date of the bankruptcy filing, the tenant owed $31,212 of past due rent, which was not accrued for financial reporting purposes. While the property is vacant, the Partnership is responsible for its 50% share of real estate taxes and other costs associated with maintaining the property. | |||||||||
The financial results for these properties are reflected as Discontinued Operations in the accompanying financial statements. The following are the results of discontinued operations: | |||||||||
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||
2014 | 2013 | 2014 | 2013 | ||||||
Rental Income | $ | 0 | $ | 39,288 | $ | 0 | $ | 90,215 | |
Property Management Expenses | -11,021 | -2,946 | -17,057 | -2,946 | |||||
Depreciation | 0 | -14,996 | 0 | -29,992 | |||||
Gain on Disposal of Real Estate | 0 | 0 | 0 | 576,841 | |||||
Income (Loss) from Discontinued Operations | $ | -11,021 | $ | 21,346 | $ | -17,057 | $ | 634,118 | |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||
2014 | 2013 | 2014 | 2013 | ||||||
Cash Flows from Discontinued Operations: | |||||||||
Operating Activities | $ | -11,021 | $ | 36,342 | $ | -17,057 | $ | 87,269 | |
Investing Activities | $ | 0 | $ | 0 | $ | 0 | $ | 1,469,582 | |
Fair_Value_Measurements
Fair Value Measurements | 6 Months Ended |
Jun. 30, 2014 | |
Fair Value Disclosures [Abstract] | ' |
Fair Value Disclosures [Text Block] | ' |
(8) Fair Value Measurements – | |
Fair value, as defined by United States Generally Accepted Accounting Principles (“US GAAP”), is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal or most advantageous market. US GAAP establishes a hierarchy in determining the fair value of an asset or liability. The fair value hierarchy has three levels of inputs, both observable and unobservable. US GAAP requires the utilization of the lowest possible level of input to determine fair value. Level 1 inputs include quoted market prices in an active market for identical assets or liabilities. Level 2 inputs are market data, other than Level 1 inputs, that are observable either directly or indirectly. Level 2 inputs include quoted market prices for similar assets or liabilities, quoted market prices in an inactive market, and other observable information that can be corroborated by market data. Level 3 inputs are unobservable and corroborated by little or no market data. | |
At June 30, 2014 and December 31, 2013, the Partnership had no financial assets or liabilities measured at fair value on a recurring basis or nonrecurring basis that would require disclosure under this pronouncement. The Partnership had the following nonfinancial assets measured on a nonrecurring basis that were recorded at fair value during 2013. | |
The Johnny Carino’s restaurant in Longmont, Colorado, with a carrying amount of $1,007,526 at September 30, 2013, was written down to its estimated fair value of $625,000 after completing our long-lived asset valuation analysis. The resulting impairment charge of $382,526 was included in earnings for the third quarter of 2013. The fair value of the property was based upon a non-binding letter of intent and comparable sales of similar properties, which are considered Level 2 inputs in the valuation hierarchy. At December 31, 2013, after completing our long-lived asset valuation analysis, the property was further written down to $550,000, its estimated fair value at that date. The resulting impairment charge of $75,000 was included in earnings for the fourth quarter of 2013. The fair value of the property was based upon comparable sales of similar properties, which are considered Level 2 inputs in the valuation hierarchy. | |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Distribution Policy, Members or Limited Partners, Description | 'During operations, any Net Cash Flow, as defined, which the General Partners determine to distribute will be distributed 97% to the Limited Partners and 3% to the General Partners. Distributions to Limited Partners will be made pro rata by Units.Any Net Proceeds of Sale, as defined, from the sale or financing of properties which the General Partners determine to distribute will, after provisions for debts and reserves, be paid in the following manner: (i) first, 99% to the Limited Partners and 1% to the General Partners until the Limited Partners receive an amount equal to: (a) their Adjusted Capital Contribution plus (b) an amount equal to 9% of their Adjusted Capital Contribution per annum, cumulative but not compounded, to the extent not previously distributed from Net Cash Flow; (ii) any remaining balance will be distributed 90% to the Limited Partners and 10% to the General Partners. Distributions to the Limited Partners will be made pro rata by Units. |
Key Provisions of Operating or Partnership Agreement, Description | 'For tax purposes, profits from operations, other than profits attributable to the sale, exchange, financing, refinancing or other disposition of property, will be allocated first in the same ratio in which, and to the extent, Net Cash Flow is distributed to the Partners for such year. Any additional profits will be allocated in the same ratio as the last dollar of Net Cash Flow is distributed. Net losses from operations will be allocated 99% to the Limited Partners and 1% to the General Partners.For tax purposes, profits arising from the sale, financing, or other disposition of property will be allocated in accordance with the Partnership Agreement as follows: (i) first, to those partners with deficit balances in their capital accounts in an amount equal to the sum of such deficit balances; (ii) second, 99% to the Limited Partners and 1% to the General Partners until the aggregate balance in the Limited Partners' capital accounts equals the sum of the Limited Partners' Adjusted Capital Contributions plus an amount equal to 9% of their Adjusted Capital Contributions per annum, cumulative but not compounded, to the extent not previously allocated; (iii) third, the balance of any remaining gain will then be allocated 90% to the Limited Partners and 10% to the General Partners. Losses will be allocated 98% to the Limited Partners and 2% to the General Partners.The General Partners are not required to currently fund a deficit capital balance. Upon liquidation of the Partnership or withdrawal by a General Partner, the General Partners will contribute to the Partnership an amount equal to the lesser of the deficit balances in their capital accounts or 1% of total Limited Partners' and General Partners' capital contributions. |
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | ||||||||
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | 'Discontinued Operations | ||||||||
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||
2014 | 2013 | 2014 | 2013 | ||||||
Rental Income | $ | 0 | $ | 39,288 | $ | 0 | $ | 90,215 | |
Property Management Expenses | -11,021 | -2,946 | -17,057 | -2,946 | |||||
Depreciation | 0 | -14,996 | 0 | -29,992 | |||||
Gain on Disposal of Real Estate | 0 | 0 | 0 | 576,841 | |||||
Income (Loss) from Discontinued Operations | $ | -11,021 | $ | 21,346 | $ | -17,057 | $ | 634,118 | |
Cash Flow, Supplemental Disclosures [Text Block] | 'Cash Flows from Discontinued Operations | ||||||||
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||
2014 | 2013 | 2014 | 2013 | ||||||
Cash Flows from Discontinued Operations: | |||||||||
Operating Activities | $ | -11,021 | $ | 36,342 | $ | -17,057 | $ | 87,269 | |
Investing Activities | $ | 0 | $ | 0 | $ | 0 | $ | 1,469,582 | |
Organization_Details
Organization (Details) (USD $) | Jan. 09, 1999 | 1-May-97 |
Accounting Policies [Abstract] | ' | ' |
Capital Units, Value | ' | $1,000 |
Limited Partners' Capital Account, Units Outstanding (in Shares) | 16,917.22 | 1,500 |
Limited Partners' Contributed Capital | 16,917,222 | 1,500,000 |
General Partners' Contributed Capital | $1,000 | ' |
Real_Estate_Held_for_Investmen1
Real Estate Held for Investment (Details) (St Vincent Lonoke AR, USD $) | 0 Months Ended | 12 Months Ended |
Jun. 06, 2013 | Jun. 06, 2014 | |
St Vincent Lonoke AR | ' | ' |
Real Estate Held for Investment (Details) [Line Items] | ' | ' |
Business Acquisition, Name of Acquired Entity | 'On June 6, 2013, the Partnership purchased a St. Vincent Medical Clinic in Lonoke, Arkansas for $1,680,000. | ' |
Acquisitions and Disposals, Date of Transaction for Acquisition or Disposal | 6-Jun-13 | ' |
Significant Acquisitions and Disposals, Acquisition Costs or Sale Proceeds | $1,680,000 | ' |
Finite-lived Intangible Assets Acquired | 611,477 | ' |
Finite-Lived Intangible Asset, Acquired-in-Place Leases | 179,987 | ' |
Finite-Lived Intangible Asset, Off-market Lease, Favorable, Gross | 431,490 | ' |
Business Acquisition, Transaction Costs | 35,444 | ' |
Average Lease Term | '10.4 | ' |
Real Estate Revenue, Net | ' | $131,642 |
Discontinued_Operations_Detail
Discontinued Operations (Details) (USD $) | 6 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 6 Months Ended | |||||||
Jun. 30, 2014 | Jun. 30, 2013 | Mar. 31, 2013 | Mar. 31, 2013 | Aug. 23, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Mar. 27, 2014 | Nov. 01, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Jared Jewelry Sugarland TX | Jared Jewelry Sugarland TX | Applebees Johnstown PA | Carinos Longmont CO | Carinos Longmont CO | Carinos Longmont CO | Carinos Longmont CO | Limited Partner [Member] | Limited Partner [Member] | General Partner [Member] | General Partner [Member] | |||
Discontinued Operations (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Significant Acquisitions and Disposals, Acquisition Costs or Sale Proceeds | ' | ' | $1,494,782 | $1,494,782 | $1,200,499 | ' | ' | ' | $625,000 | ' | ' | ' | ' |
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax | ' | ' | 576,841 | 602,041 | 377,578 | ' | ' | ' | ' | ' | ' | ' | ' |
SEC Schedule III, Real Estate, Cost of Real Estate Sold | ' | ' | ' | 1,145,259 | 1,031,187 | ' | ' | ' | ' | ' | ' | ' | ' |
SEC Schedule III, Real Estate Accumulated Depreciation, Real Estate Sold | ' | ' | ' | 252,518 | 208,266 | ' | ' | ' | ' | ' | ' | ' | ' |
SaleProceedsDistributionMadeToMemberOrLimitedPartner | 50,505 | 111,111 | ' | ' | ' | ' | ' | ' | ' | 50,000 | 110,000 | 505 | 1,111 |
Sale Proceeds Distribution Made to Limited Partner Per Unit (in Dollars per Item) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.23 | 7.08 | ' | ' |
Assets, Fair Value Adjustment | ' | ' | ' | ' | ' | 75,000 | 382,526 | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Gross | ' | ' | ' | ' | ' | ' | 1,007,526 | ' | ' | ' | ' | ' | ' |
Property, Plant, and Equipment, Fair Value Disclosure | ' | ' | ' | ' | ' | 550,000 | 625,000 | ' | ' | ' | ' | ' | ' |
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net | ' | ' | ' | ' | ' | ' | ' | $31,212 | ' | ' | ' | ' | ' |
Discontinued_Operations_Detail1
Discontinued Operations (Details) - Discontinued Operations (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Discontinued Operations [Abstract] | ' | ' | ' | ' |
Rental Income | $0 | $39,288 | $0 | $90,215 |
Property Management Expenses | -11,021 | -2,946 | -17,057 | -2,946 |
Depreciation | 0 | -14,996 | 0 | -29,992 |
Gain on Disposal of Real Estate | 0 | 0 | 0 | 576,841 |
Income (Loss) from Discontinued Operations | ($11,021) | $21,346 | ($17,057) | $634,118 |
Discontinued_Operations_Detail2
Discontinued Operations (Details) - Cash Flows from Discontinued Operations (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Cash Flows from Discontinued Operations: | ' | ' | ' | ' |
Operating Activities | ($11,021) | $36,342 | ($17,057) | $87,269 |
Investing Activities | $0 | $0 | $0 | $1,469,582 |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (Carinos Longmont CO, USD $) | 3 Months Ended | |
Dec. 31, 2013 | Sep. 30, 2013 | |
Carinos Longmont CO | ' | ' |
Fair Value Measurements (Details) [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | ' | $1,007,526 |
Property, Plant, and Equipment, Fair Value Disclosure | 550,000 | 625,000 |
Assets, Fair Value Adjustment | $75,000 | $382,526 |