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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net loss$ (2,106)$ (1,997)
Adjustments to reconcile net loss to net cash provided by operating activities:  
Depreciation3,3423,331
Amortization of loan costs171171
Amortization of discount on note receivable0(15)
Casualty gains(400)(811)
Change in accounts:  
Receivables and deposits(31)(107)
Restricted escrows0(36)
Other assets(49)(56)
Accounts payable37(42)
Tenant security deposit liabilities3714
Accrued property taxes(118)(137)
Other liabilities(21)1
Due to affiliates165
Net cash provided by operating activities863381
Cash flows from investing activities:  
Property improvements and replacements(1,901)(1,236)
Net (deposits to) withdrawals from restricted escrows(35)4
Insurance proceeds received181427
Net cash used in investing activities(1,755)(805)
Cash flows from financing activities:  
Payments on mortgage notes payable(409)(383)
Advances from affiliate1401,189
Payments on advances from affiliate0(261)
Net cash provided by (used in) financing activities(269)545
Net increase (decrease) in cash and cash equivalents(1,161)121
Cash and cash equivalents at beginning of period1,37899
Cash and cash equivalents at end of period217220
Supplemental disclosure of cash flow information:  
Cash paid for interest1,5731,601
Supplemental disclosure of non-cash information:  
Property improvements and replacements included in accounts payable417215
Insurance proceeds held by lender in escrow$ 400$ 384