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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Rental and other property revenues      
Expenses:        
Property operating expenses      
General and administrative (including $67 and $63 for the three months and $201 and $174 for the nine months ended 2018 and 2017, respectively, to related parties) 83 $ 93 $ 359 $ 342
Net income fee to related party 383 53 489 189
Advisory fee to related party 168 166 500 493
Total operating expenses 634 312 1,348 1,024
Net operating loss (634) (312) (1,348) (1,024)
Other income (expenses):        
Interest income from related parties 1,201 924 3,324 3,133
Other Income       250
Total other income 1,201 924 3,324 3,383
Income before gain on sale of real estate land 567 612 1,976 2,359
Gain on sale of real estate land 7,323   7,323
Income before taxes 7,890 612 9,299 2,359
Income tax (expense) - current (1,902)   (1,902)  
Net income $ 5,988 $ 612 $ 7,397 $ 2,359
Earnings per share - basic and diluted        
Net income (in dollars per share) $ 1.44 $ 0.15 $ 1.77 $ 0.57
Weighted average common shares used in computing earnings per share (in shares) 4,168,214 4,168,214 4,168,214 4,168,214