XML 19 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended 12 Months Ended
Dec. 31, 2009
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income (loss) $ 1 $ (370) $ 4
Depreciation and amortization 0 1,771 0
Amortization of deferred financing costs 0 15 0
Changes in assets and liabilities:      
Accounts receivable and other assets 0 (333) 0
Accounts payable and accrued expenses 3 1,075 (1)
Other liabilities 0 38 0
Net cash from operating activities 4 2,196 3
Cash flows from investing activities:      
Acquisition of real estate properties 0 (18,244) 0
Capital expenditures 0 (868) 0
Increase in restricted cash 0 324 0
Net cash from investing activities 0 (18,788) 0
Cash flows from financing activities:      
Proceeds from mortgage indebtedness 0 17,600 0
Proceeds from issuance of non-controlling interests 2 1,250 0
Proceeds from issuance of common stock 200 0 0
Payments for deferred financing costs 0 (338) 0
Proceeds from repayment of short-term notes 985 0 (200)
Issuance of short-term notes (985) 0 200
Proceeds from subscriptions 0 0 1,130
Subscriptions payable 0 0 (1,130)
Distributions on common stock 0 (5) 0
Distributions to non-controlling interests 0 (1,017) 0
Net cash from financing activities 202 17,490 0
Net change in cash and cash equivalents 206 898 3
Cash and cash equivalents, beginning of period 0 209 206
Cash and cash equivalents, end of the period $ 206 $ 1,107 $ 209