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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Rental and other property revenues $ 0 $ 0 $ 0 $ 0
Expenses:        
Property operating expenses (including $14 and $0 for the three months and $43 and $2 for the six months ended 2012 and 2011 respectively from affiliates and related parties) 14 3 45 11
General and administrative (including $117 and $61 for the three months and $200 and $116 for the six months ended 2012 and 2011 respectively from affiliates and related parties) 207 182 360 276
Advisory fee to affiliates 205 211 402 431
Total operating expenses 426 396 807 718
Operating loss (426) (396) (807) (718)
Other income (expense):        
Interest income (including $1,713 and $723 for the three months and $2,896 and $1,017 for the six months ended 2012 and 2011 respectively from affiliates and related parties) 1,713 723 2,896 1,017
Mortgage and loan interest (277) (365) (552) (646)
Earnings from unconsolidated subsidiaries and investees (12) (50) (23) (50)
Total other income 1,424 308 2,321 321
Income (loss) from continuing operations before tax 998 (88) 1,514 (397)
Income tax expense 0 (503) (3) (502)
Net income (loss) from continuing operations 998 (591) 1,511 (899)
Discontinued operations:        
Loss from discontinued operations 0 (1,437) (9) (1,435)
Income tax benefit from discontinued operations 0 503 3 502
Net loss from discontinued operations 0 (934) (6) (933)
Net income (loss) $ 998 $ (1,525) $ 1,505 $ (1,832)
Earnings per share - basic        
Income (loss) from continuing operations $ 0.24 $ (0.14) $ 0.36 $ (0.22)
Loss from discontinued operations. $ 0.00 $ (0.22) $ 0.00 $ (0.22)
Net income (loss) applicable to common shares $ 0.24 $ (0.36) $ 0.36 $ (0.44)
Earnings per share - diluted        
Income (loss) from continuing operations. $ 0.24 $ (0.14) $ 0.36 $ (0.22)
Loss from discontinued operations, $ 0.00 $ (0.22) $ 0.00 $ (0.22)
Net income (loss) applicable to common shares. $ 0.24 $ (0.36) $ 0.36 $ (0.44)
Weighted average common share used in computing earnings per share 4,168,214 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 4,168,214