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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Real estate investments, at cost:    
Land $ 20,000 $ 18,489
Buildings, fixtures and improvements 113,383 107,340
Acquired intangible lease assets 12,118 11,044
Total real estate investments, at cost 145,501 136,873
Less: accumulated depreciation and amortization (16,348) (14,841)
Total real estate investments, net 129,153 122,032
Cash and cash equivalents 768 3,148
Prepaid expenses and other assets 2,196 1,798
Deferred costs, net 2,780 2,785
Assets held for sale, net 1,495 1,818
Total assets 136,392 131,581
LIABILITIES AND EQUITY    
Mortgage notes payable 30,260 30,260
Senior secured revolving credit facility 49,599 42,407
Accounts payable and accrued expenses 741 858
Deferred rent 603 724
Total liabilities 81,203 74,249
Common stock, $0.01 par value, 240,000,000 shares authorized, 7,323,434 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively 73 73
Additional paid-in capital 57,719 57,582
Accumulated deficit (6,223) (4,025)
Total stockholders' equity 51,569 53,630
Non-controlling interest 3,620 3,702
Total equity 55,189 57,332
Total liabilities and equity $ 136,392 $ 131,581