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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Rental and other property revenues $ 0 $ 0 $ 0
Expenses:      
Property operating expenses 22 43 50
General and administrative (including $205 and $178 and $117 for the year ended 2011 and 2010 and 2009 respectively from affiliates and related parties) 445 376 394
Advisory fee to affiliates 850 866 881
Total operating expenses 1,317 1,285 1,325
Operating loss (1,317) (1,285) (1,325)
Other income (expense):      
Interest income from affiliates 4,447 4,292 4,661
Mortgage and loan interest (1,211) (1,116) (1,679)
Earnings from unconsolidated subsidiaries and investees (52) (3) 18
Net income fee to Advisor (54) (99) (115)
Total other income 3,130 3,074 2,885
Income before gain on land sales, non-controlling interest, and taxes 1,813 1,789 1,560
Income from continuing operations before tax 1,813 1,789 1,560
Income tax benefit (expense) (821) 48 (546)
Net income from continuing operations 992 1,837 1,014
Discontinued operations:      
Income from discontinued operations. (1,444) 1 (145)
Gain on sale of real estate from discontinued operations 947 0 0
Income tax expense from discontinued operations 174 0 51
Net income from discontinued operations (323) 1 (94)
Net income $ 669 $ 1,838 $ 920
Earnings per share - basic      
Income from continuing operations. $ 0.24 $ 0.44 $ 0.24
Discontinued operations $ (0.08) $ 0.00 $ (0.02)
Net income applicable to common shares $ 0.16 $ 0.44 $ 0.22
Earnings per share - diluted      
Income from continuing operations $ 0.24 $ 0.44 $ 0.24
Discontinued operations. $ (0.08) $ 0.00 $ (0.02)
Net income applicable to common share $ 0.16 $ 0.44 $ 0.22
Weighted average common share used in computing earnings per share 4,168,214 4,168,214 4,168,214
Weighted average common share used in computing diluted earnings per share 4,168,214 4,168,214 4,168,214