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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
8 Months Ended 9 Months Ended
Aug. 31, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income (loss) $ 24,112 $ (159)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 613 795
Amortization of loan costs 15 16
Casualty gain 0 (7)
Gain on sale of disconitnued operations (26,774) 0
Loss on extinguishment of debt 2,301 0
Change in accounts:    
Receivables and deposits 173 25
Other assets 88 8
Accounts payable (70) (31)
Tenant security deposit liabilities (115) (6)
Accrued property taxes (92) 32
Other liabilities (204) 110
Due to affiliates (8) (10)
Net cash provided by operating activities 39 773
Cash flows from investing activities:    
Property improvements and replacements (226) (367)
Proceeds from the sale of discontinued operations 31,711 0
Insurance proceeds received 0 8
Net cash provided by (used in) investing activities 31,485 (359)
Cash flows from financing activities:    
Principal payments on mortgage notes payable (224) (233)
Repayment of mortgage notes payable (18,324) 0
Repayment of advances from affiliate (140) 0
Advances from affiliate 0 50
Prepayment penalty paid (2,236) 0
Net cash used in financing activities (20,924) (183)
Net increase (decrease) in cash and cash equivalents 10,600 (231)
Cash and cash equivalents at beginning of period 205 37
Cash and cash equivalents at end of period 10,805 268
Supplemental disclosure of cash flow information:    
Cash paid for interest 830 834
Supplemental disclosure of non-cash activity:    
Property improvements and replacements included in accounts payable $ 11 $ 60