Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
ASSETS:
Investments in real estate, net of accumulated depreciation of $10,748 and $9,304, respectively	$ 127,085	$ 128,124
Cash and cash equivalents	3,940	1,107
Restricted cash	983	1,072
Accounts receivable and other assets	607	543
Deferred costs, net of accumulated amortization of $39 and $15, respectively	407	506
Total assets	133,022	131,352
LIABILITIES AND EQUITY:
Mortgage indebtedness	82,175	82,175
Accounts payable and accrued expenses	1,374	1,529
Other liabilities	604	590
Total liabilities	84,153	84,294
Stockholders' equity:
Preferred stock, $0.01 par value; 50,000,000 shares authorized, 125 shares issued and outstanding	0	0
Common stock, $0.01 par value; 300,000,000 shares authorized, 320,000 shares issued and outstanding	3	0
Additional paid-in capital	3,267	200
Retained earnings (accumulated deficit)	(220)	(113)
Total stockholder's equity	3,050	87
Non-controlling interest	45,819	46,971
Total equity	48,869	47,058
Total liabilities and equity	$ 133,022	$ 131,352

Amount due from customers, clients, or other third-parties, or arising from transactions not separately disclosed, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.

No definition available.