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Consolidated Statements Of Operations (10-Q) (USD $)
In Thousands, except Share data
3 Months Ended6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUE:    
Rental income$ 1,933$ 0$ 1,933$ 0
Tenant reimbursement and other property income10701070
Other income13431345
Total revenue2,17432,1745
EXPENSES:    
Property operating expenses1,10401,1040
General and administrative expenses420990
Acquisition expenses34003460
Depreciation and amortization45304530
Total expenses1,93902,0020
Operating Income23531725
Interest expense(424)0(424)0
Net income (loss)(189)3(252)5
Loss allocated to non-controlling interest21602160
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:    
Basic20,00020,00020,00020,000
Diluted20,00020,00020,00020,000