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PRO FORMA FINANCIAL INFORMATION (UNAUDITED)
6 Months Ended
Jun. 30, 2012
Business Acquisition, Pro Forma Information [Abstract]  
PRO FORMA FINANCIAL INFORMATION (UNAUDITED)
PRO FORMA FINANCIAL INFORMATION
The following table summarizes, on an unaudited pro forma basis, the combined results of operations of the Company for the three and six months ended June 30, 2012 and 2011. The Company acquired three office buildings during the six months ended June 30, 2012, which were accounted for as business combinations. The following unaudited pro forma information for the three and six months ended June 30, 2012 and 2011 has been prepared to give effect to the acquisitions of Town Center, the McEwen Building and Gateway Tech Center as if the acquisitions occurred on January 1, 2011. This pro forma information does not purport to represent what the actual results of operations of the Company would have been had these acquisitions occurred on this date, nor does it purport to predict the results of operations for future periods (in thousands, except share and per share amounts).
 
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
 
2011
 
2012
 
2011
 
2012
Revenues
 
$
4,665

 
$
7,786

 
$
9,456

 
$
15,830

Depreciation and amortization
 
$
2,045

 
$
3,566

 
$
3,965

 
$
6,966

Net loss
 
$
(689
)
 
$
(2,139
)
 
$
(1,063
)
 
$
(2,523
)
Net loss per common share, basic and diluted
 
$
(0.07
)
 
$
(0.11
)
 
$
(0.11
)
 
$
(0.13
)
Weighted-average number of common shares outstanding, basic and diluted
 
10,424,138

 
19,642,038

 
9,668,895

 
19,642,038


The unaudited pro forma information for the three and six months ended June 30, 2012 was adjusted to exclude $1.3 million and $2.7 million of acquisition costs related to the above properties incurred in 2012, respectively.