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Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 14,282$ 5,108
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation2,9843,380
Amortization of loan costs7594
Amortization of and early recognition of discount on note receivable(82)(18)
Casualty gain(13)(25)
Gain on sale of discontinued operations(19,571)(7,708)
Loss on extinguishment of debt3,38044
Change in accounts:  
Receivables and deposits125258
Other assets(4)130
Accounts payable(68)(153)
Tenant security deposit liabilities(64)(50)
Accrued property taxes(4)63
Other liabilities(75)(192)
Due to affiliates3(5)
Net cash provided by operating activities968926
Cash flows investing activities:  
Property improvements and replacements(1,092)(841)
Proceeds from the sale of discontinued operations24,3932,468
Net withdrawals from restricted escrow15194
Collection of note receivable2,5000
Insurance proceeds received1327
Net cash provided by investing activities25,8291,848
Cash flows from financing activities:  
Payments on mortgage notes payable(296)(337)
Repayment of mortgage note payable(10,374)0
Prepayment penalty paid(3,243)0
Advances from affiliate54247
Repayment of advances from affiliate(199)(661)
Distributions to partners(13,201)(1,674)
Net cash used in financing activities(26,771)(2,625)
Net increase in cash and cash equivalents26149
Cash and cash equivalents at beginning of period336196
Cash and cash equivalents at end of period362345
Supplemental disclosure of cash flow information:  
Cash paid for interest1,9342,106
Supplemental disclosure of non-cash flow activity:  
Property improvements and replacements in accounts payable15013
Note receivable, net of discount02,389
Assumption of mortgage by buyer$ 0$ 10,586