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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Rental and other property revenues $ 0 $ 0
Expenses:    
Property operating expenses (including $29 and $2 for the three months ended 2012 and 2011 respectively from affiliates and related parties) 31 9
General and administrative (including $83 and $55 for the three months ended 2012 and 2011 respectively from affiliates and related parties) 154 94
Advisory fee to affiliates 198 221
Total operating expenses 383 324
Operating loss (383) (324)
Other income (expense):    
Interest income (including $1,183 and $294 for the three months ended 2012 and 2011 respectively from affiliates and related parties) 1,183 294
Mortgage and loan interest (276) (280)
Earnings from unconsolidated subsidiaries and investees (10) 0
Total other income 897 14
Income (loss) from continuing operations before tax 514 (310)
Income tax benefit (expense) (2) 1
Net income (loss) from continuing operations 512 (309)
Discontinued operations:    
Income (loss) from discontinued operations (7) 3
Income tax benefit (expense) from discontinued operations 2 (1)
Net income (loss) from discontinued operations (5) 2
Net income (loss) $ 507 $ (307)
Earnings per share - basic    
Income (loss) from continuing operations $ 0.12 $ (0.07)
Income (loss) from discontinued operations $ 0.00 $ 0.00
Net income (loss) applicable to common shares $ 0.12 $ (0.07)
Earnings per share - diluted    
Income (loss) from continuing operations $ 0.12 $ (0.07)
Income (loss) from discontinued operations $ 0.00 $ 0.00
Net income (loss) applicable to common shares $ 0.12 $ (0.07)
Weighted average common share used in computing earnings per share 4,168,214 4,168,214
Weighted average common share used in computing diluted earnings per share 4,168,214 4,168,214