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Consolidated Statement Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income (loss) $ (252) $ 5
Depreciation and amortization 453 0
Amortization of deferred financing costs 1 0
Changes in assets and liabilities:    
Accounts receivable and other assets (422) 0
Accounts payable and accrued expense 879 (2)
Other liabilities 5 0
Net cash from operating activities 664 3
Cash flows from investing activities:    
Acquisition of real estate properties (644) 0
Capital expenditures (153) 0
Decrease in restricted cash (581) 0
Net cash from investing activities (216) 0
Cash flows from financing activities:    
Proceeds from issuance of non-controlling interests 1,250 0
Payments for deferred financing costs (263) 0
Proceeds from repayment of short-term notes 0 (200)
Issuance of short-term notes 0 200
Proceeds from subscriptions 0 (27)
Subscriptions payable 0 (27)
Net cash from financing activities 987 0
Net change in cash and cash equivalents 1,435 3
Cash and cash equivalents, beginning of period 209 206
Cash and cash equivalents, end of the period $ 1,644 $ 209