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        <BookValueAmt>0</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>LAND</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>154800</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>154800</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>635335</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>323442</AccumulatedDepreciationAmt>
        <BookValueAmt>311893</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>LAND IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>13844</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>12384</AccumulatedDepreciationAmt>
        <BookValueAmt>1460</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>CARPETING</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>10286</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>10286</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>DECKING</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>9944</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>9944</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS - DESLANDES CONSTRUCTION</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>250326</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>122132</AccumulatedDepreciationAmt>
        <BookValueAmt>128194</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS - AT ACQUISITION</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>92109</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>46886</AccumulatedDepreciationAmt>
        <BookValueAmt>45223</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS - SOFT COSTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>12250</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>5970</AccumulatedDepreciationAmt>
        <BookValueAmt>6280</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS - SOFT COSTS (CONSTRUCTION ADMIN)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2250</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1100</AccumulatedDepreciationAmt>
        <BookValueAmt>1150</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS - ENGINEERING</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>965</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>470</AccumulatedDepreciationAmt>
        <BookValueAmt>495</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS - DEVELOPER FEE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>22894</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>11176</AccumulatedDepreciationAmt>
        <BookValueAmt>11718</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS - SOFT COSTS (TITLE COSTS)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>125</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>67</AccumulatedDepreciationAmt>
        <BookValueAmt>58</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS - SOFT COSTS (CONSTRUCTION ADMIN)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1125</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>550</AccumulatedDepreciationAmt>
        <BookValueAmt>575</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS - SOFT COSTS (CONSTRUCTION ADMIN)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1125</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>550</AccumulatedDepreciationAmt>
        <BookValueAmt>575</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS - SOFT COSTS (CONSTRUCTION ADMIN)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>3500</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1704</AccumulatedDepreciationAmt>
        <BookValueAmt>1796</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS - SOFT COSTS (DESIGN)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>500</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>242</AccumulatedDepreciationAmt>
        <BookValueAmt>258</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS - DEVELOPER FEE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>31670</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>15456</AccumulatedDepreciationAmt>
        <BookValueAmt>16214</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS - CAPITALIZED INTEREST</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>7855</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3837</AccumulatedDepreciationAmt>
        <BookValueAmt>4018</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS - SOFT COSTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>11499</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>5608</AccumulatedDepreciationAmt>
        <BookValueAmt>5891</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS (DEVELOPER FEE)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>21224</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>10812</AccumulatedDepreciationAmt>
        <BookValueAmt>10412</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>COMPUTER - JACK</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>3556</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3556</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>COMPUTER - AT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1664</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1664</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>PRINTER - KRIS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>666</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>666</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>COMPUTER - AT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1045</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1045</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>COMPUTER - HOLLY</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1632</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1632</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>COMPUTER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1710</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1544</AccumulatedDepreciationAmt>
        <BookValueAmt>166</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>HOT WATER HEATER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1460</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>718</AccumulatedDepreciationAmt>
        <BookValueAmt>742</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>DESK</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>3520</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2316</AccumulatedDepreciationAmt>
        <BookValueAmt>1204</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>9350</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>510</AccumulatedDepreciationAmt>
        <BookValueAmt>8840</BookValueAmt>
      </InvestmentLandGrp>
    </InvestmentsLandSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL</CategoryTxt>
        <LegalFeesAmt>507</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>INVESTMENT IN CHURCHWOODS LLC</Desc>
        <BOYBookValueAmt>2556090</BOYBookValueAmt>
        <EOYBookValueAmt>5660449</EOYBookValueAmt>
        <EOYFMVAmt>5660449</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>CAPITALIZED DEVELOPMENT COSTS</Desc>
        <BOYBookValueAmt>124188</BOYBookValueAmt>
        <EOYBookValueAmt>463519</EOYBookValueAmt>
        <EOYFMVAmt>463519</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>TAX AND INSURANCE ESCROW</Desc>
        <BOYBookValueAmt>6606</BOYBookValueAmt>
        <EOYBookValueAmt>6526</EOYBookValueAmt>
        <EOYFMVAmt>6526</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>SYNDICATION RESERVE</Desc>
        <BOYBookValueAmt>285</BOYBookValueAmt>
        <EOYBookValueAmt>290</EOYBookValueAmt>
        <EOYFMVAmt>290</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>REPLACEMENT RESERVE</Desc>
        <BOYBookValueAmt>15620</BOYBookValueAmt>
        <EOYBookValueAmt>20110</EOYBookValueAmt>
        <EOYFMVAmt>20110</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>OPERATING RESERVE</Desc>
        <BOYBookValueAmt>50267</BOYBookValueAmt>
        <EOYBookValueAmt>37724</EOYBookValueAmt>
        <EOYFMVAmt>37724</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>TENANT SECURITY DEPOSITS</Desc>
        <BOYBookValueAmt>8342</BOYBookValueAmt>
        <EOYBookValueAmt>9451</EOYBookValueAmt>
        <EOYFMVAmt>9451</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>SUPPORT TO AFFILIATED ENTITIES</Desc>
        <BOYBookValueAmt>1306508</BOYBookValueAmt>
        <EOYBookValueAmt>1503010</EOYBookValueAmt>
        <EOYFMVAmt>1503010</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>INTANGIBLE ASSETS</Desc>
        <BOYBookValueAmt>27594</BOYBookValueAmt>
        <EOYBookValueAmt>26598</EOYBookValueAmt>
        <EOYFMVAmt>26598</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>6458</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>31143</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>22013</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MEETINGS</Desc>
        <RevenueAndExpensesPerBooksAmt>18752</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>7269</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7269</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CHARITABLE CONTRIBUTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>540</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>540</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TOTAL EXPENSES FROM CHURCHWOODS LLC 1065</Desc>
        <RevenueAndExpensesPerBooksAmt>91624</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>91624</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PADDOCK PROJECT CONSTRUCTION</Desc>
        <RevenueAndExpensesPerBooksAmt>0</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>339331</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>MISC INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>6350</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>6350</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>6350</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAIN</Desc>
        <Amt>41376</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>INCREASE IN PARTNERSHIP CAPITAL ACCOUNT</Desc>
        <Amt>3195318</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilitiesDetail>
        <Desc>SECURITY DEPOSITS LIABILITY</Desc>
        <BOYBookValueAmt>8342</BOYBookValueAmt>
        <EOYBookValueAmt>9451</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>DUE TO AFFILIATES</Desc>
        <BOYBookValueAmt>1602672</BOYBookValueAmt>
        <EOYBookValueAmt>818071</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>ARCHITECT</CategoryTxt>
        <Amt>5605</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5605</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MANAGEMENT FEES</CategoryTxt>
        <Amt>7167</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7167</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>TAXES</CategoryTxt>
        <Amt>3732</Amt>
        <NetInvestmentIncomeAmt>3732</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>