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CONSOLIDATED STATEMENT OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended
--- | ---
Mar. 31, 2013
INTEREST INCOME |
Interest income | $ 283
Total interest income | 283
EXPENSES |
Management fees | 119
Professional fees | 32
Custody and other fees | 26
Agency and administration fees | 13
Organizational expenses | 7
Total expenses | 197
OTHER INCOME |
Net realized gains on real estate securities | 888
Change in net unrealized gains on real estate securities | 155
Total other income | 1,043
NET INCOME | $ 1,129
NET INCOME PER COMMON SHARE |
Basic (in dollars per share) | $ 0.69

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