Discontinued Operations and Disposal Groups	9 Months Ended
Sep. 30, 2011
Discontinued Operations and Disposal Groups
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Note D – Disposition of Investment Property On September 8, 2011, the Partnership sold its sole investment property, Willow Park on Lake Adelaide Apartments, to a third party for a gross sale price of $8,950,000, less $400,000 funded by the Partnership for a capital improvement escrow. The net proceeds realized by the Partnership were approximately $1,672,000 after payment of closing costs of approximately $226,000 and the assumption of the mortgage debt encumbering the property of approximately $6,652,000 by the purchaser. The Partnership recognized a gain during the three and nine months ended September 30, 2011 of approximately $5,981,000 as a result of the sale. In addition, the Partnership recognized a loss on early extinguishment of debt during the three and nine months ended September 30, 2011 of approximately $102,000 as a result of the write off of unamortized loan costs.

Discontinued Operations and Disposal Groups

9 Months Ended

Sep. 30, 2011

Discontinued Operations and Disposal Groups

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Note D – Disposition of Investment Property

On September 8, 2011, the Partnership sold its sole investment property, Willow Park on Lake Adelaide Apartments, to a third party for a gross sale price of $8,950,000, less $400,000 funded by the Partnership for a capital improvement escrow. The net proceeds realized by the Partnership were approximately $1,672,000 after payment of closing costs of approximately $226,000 and the assumption of the mortgage debt encumbering the property of approximately $6,652,000 by the purchaser. The Partnership recognized a gain during the three and nine months ended September 30, 2011 of approximately $5,981,000 as a result of the sale. In addition, the Partnership recognized a loss on early extinguishment of debt during the three and nine months ended September 30, 2011 of approximately $102,000 as a result of the write off of unamortized loan costs.

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

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+ Details

NATIONAL PROPERTY INVESTORS 5 10-Q