Leases commercial, single-tenant properties to tenants under net leases and holds them for eventual sale.
10-K for FY2025, filed Mar 27, 2026
Tenants pay base rent in monthly installments under their leases. Stated rent increases apply when effective, and contingent rent is due when the lease conditions are met.
10-K for FY2025, filed Mar 27, 2026The Partnership's real estate is leased under net leases, classified as operating leases. The leases provide for base annual rental…View ↗
$417.4K
10-K for FY2025, filed Mar 27, 2026
$417.4K ↗
Commercial tenants lease the Partnership's single-tenant buildings under net leases, with base rent paid in monthly installments.
10-K for FY2025, filed Mar 27, 2026
Yes. It kept 58 cents of every revenue dollar as net income in FY2025.
Shrinking. Revenue fell 18% in 4 years, from $506K in FY2021 to $417.4K in FY2025, about 5% a year.
Final liquidation
The earlier report said the Partnership would continue operating until the partners authorized a sale of all properties or its stated end date; the latest says final liquidation has begun through asset dispositions.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 27, 2026In June 2021, the Managing General Partner mailed a Consent Statement (Proxy) seeking the consent of the Limited Partners to continue the…View ↗
Pursuant to Section 12.1(f) of the Partnership Agreement, the Managing General Partner can liquidate the Partnership upon the sale or other…View ↗
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