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Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net loss$ (5,176)$ (4,816)
Adjustments to reconcile net loss to net cash provided by operating activities:  
Depreciation5,7775,924
Amortization of loan costs92127
Loss on early extinguishment of debt9970
Change in accounts:  
Receivables and deposits(22)(5)
Other assets10(22)
Accounts payable(41)(47)
Tenant security deposit liabilities(4)7
Accrued property taxes422508
Other liabilities10935
Due to affiliates(1,160)595
Net cash provided by operating activities1,0042,306
Cash flows from investing activities:  
Property improvements and replacements(619)(633)
Insurance proceeds received20
Net cash used in investing activities(617)(633)
Cash flows from financing activities:  
Payments on mortgage notes payable(766)(946)
Repayment of mortgage notes payable(19,031)0
Proceeds from mortgage notes payable30,8100
Loan costs paid(342)0
Prepayment penalties paid(755)0
Advances from affiliate651464
Repayment of advances from affiliate(10,904)(1,019)
Net cash used in financing activities(337)(1,501)
Net increase in cash and cash equivalents50172
Cash and cash equivalents at beginning of period231132
Cash and cash equivalents at end of period281304
Supplemental disclosure of cash flow information:  
Cash paid for interest3,6621,891
Supplemental disclosure of non-cash activity:  
Property improvements and replacements included in accounts payable$ 105$ 49