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EXCEL - IDEA: XBRL DOCUMENT - CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES 2Financial_Report.xls
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EX-32.1 - EXHIBIT 32.1 - CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES 2ccip2912_ex32z1.htm
EX-31.2 - EXHIBIT 31.2 - CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES 2ccip2912_ex31z2.htm
EX-31.1 - EXHIBIT 31.1 - CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES 2ccip2912_ex31z1.htm
10-Q - FORM 10-Q - CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES 2ccip2912_10q.htm
v2.4.0.6
Note D - Casualty Event
9 Months Ended
Sep. 30, 2012
Notes  
Note D - Casualty Event

Note D – Casualty Event

 

During 2008, Glenbridge Manor Apartments experienced significant ground movement causing damage to three buildings, water pipes and sewer lines. The total damages were approximately $7,456,000. Prior to 2011, the Partnership received approximately $5,160,000 of insurance proceeds and approximately $3,038,000 in reimbursement of attorneys’ fees from successful litigation against the general contractor, soils engineer and retaining wall contractor. During the three and nine months ended September 30, 2011, the Partnership received approximately $265,000 of additional insurance proceeds, which is included in income from discontinued operations.