XML 58 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Investments in real estate:      
Investments in real estate at cost $ 153,717 $ 153,565 $ 137,428
Accumulated depreciation (13,110) (12,283) (9,304)
Investments in real estate, net 140,607 141,282 128,124
Cash and cash equivalents 2,728 2,533 1,107
Restricted cash 1,176 1,150 1,072
Accounts receivable and other assets 284 345 543
Intangible assets, net of accumulated amortization 157 274 0
Deferred costs, net of accumulated amortization 595 613 506
Total Assets 145,547 146,197 131,352
LIABILITIES AND EQUITY:      
Mortgage indebtedness 92,413 92,413 82,175
Accounts payable and accrued expenses 1,770 1,986 1,529
Accrued interest payable 32 32 0
Dividends payable 504 499 240
Other liabilities 456 416 350
Total Liabilities 95,175 95,346 84,294
Stockholders' equity:      
Preferred stock value 0 0 0
Common stock value 4 3 0
Additional paid-in capital 3,591 3,490 200
Retained earnings (accumulated deficit) (448) (401) (113)
Total stockholders' equity 3,147 3,092 87
Non-controlling interest 47,225 47,759 46,971
Total Equity 50,372 50,851 47,058
Total Liabilities and Equity $ 145,547 $ 146,197 $ 131,352