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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Rental and other property revenues $ 0 $ 0 $ 0 $ 0
Expenses:        
Property operating expenses (including $11 and $6 for the three months and $54 and $8 for the nine months ended 2012 and 2011 respectively from related parties) 12 6 56 18
General and administrative (including $57 and $52 for the three months and $257 and $167 for the nine months ended 2012 and 2011 respectively from related parties) 65 94 425 370
Advisory fee to related party 206 219 608 650
Total operating expenses 283 319 1,089 1,038
Operating loss (283) (319) (1,089) (1,038)
Other income (expense):        
Interest income (including $972 and $543 for the three months and $3,868 and $1,560 for the nine months ended 2012 and 2011 respectively from related parties) 972 543 3,868 1,560
Mortgage and loan interest (276) (282) (828) (928)
Earnings from unconsolidated subsidiaries and investees (14) 28 (37) (22)
Total other income 682 289 3,003 610
Income (loss) from continuing operations before tax 399 (30) 1,914 (428)
Income tax expense (15) (170) (18) (672)
Net income (loss) from continuing operations 384 (200) 1,896 (1,100)
Discontinued operations:        
Loss from discontinued operations. (43) (10) (52) (1,444)
Loss on the sale of real estate from discontinued operations 0 (475) 0 (475)
Income tax benefit from discontinued operations 15 170 18 672
Net loss from discontinued operations (28) (315) (34) (1,247)
Net income (loss) $ 356 $ (515) $ 1,862 $ (2,347)
Earnings per share - basic        
Income (loss) from continuing operations Basic $ 0.09 $ (0.05) $ 0.45 $ (0.26)
Loss from discontinued operations Basic $ (0.01) $ (0.08) $ (0.01) $ (0.30)
Net income (loss) applicable to common shares Basic $ 0.08 $ (0.13) $ 0.44 $ (0.56)
Earnings per share - diluted        
Income (loss) from continuing operations Dluted $ 0.09 $ (0.05) $ 0.45 $ (0.26)
Loss from discontinued operations Diluted $ (0.01) $ (0.08) $ (0.01) $ (0.30)
Net income (loss) applicable to common shares Diluted $ 0.08 $ (0.13) $ 0.44 $ (0.56)
Weighted average common share used in computing earnings per share Basic 4,168,214 4,168,214 4,168,214 4,168,214
Weighted average common share used in computing diluted earnings per share Dluted 4,168,214 4,168,214 4,168,214 4,168,214