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Consolidated Statements Of Operations (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUE:        
Rental income $ 1,933 $ 0 $ 1,933 $ 0
Tenant reimbursement and other property income 107 0 107 0
Other income 134 3 134 5
Total revenue 2,174 3 2,174 5
EXPENSES:        
Property operating expenses 1,104 0 1,104 0
General and administrative expenses 42 0 99 0
Acquisition expenses 340 0 346 0
Depreciation and amortization 453 0 453 0
Total expenses 1,939 0 2,002 0
Operating Income (loss) 235 3 172 5
Interest expense (424) 0 (424) 0
Net income (loss) (189) 3 (252) 5
Loss allocated to non-controlling interest 216 0 216 0
Net income (loss) allocable to common shares $ 27 $ 3 $ (36) $ 5
Earnings (loss) per share:        
Basic $ 1.35 $ 0.13 $ (1.80) $ 0.26
Diluted $ 1.35 $ 0.13 $ (1.80) $ 0.26
Weighted-average shares:        
Basic 20,000 20,000 20,000 20,000
Diluted 20,000 20,000 20,000 20,000