CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $) In Thousands, except Per Share data	3 Months Ended				9 Months Ended
	Sep. 30, 2011		Sep. 30, 2010		Sep. 30, 2011		Sep. 30, 2010
REVENUES
Real estate sales	$ 0		$ 0		$ 16		$ 0
Interest income	10		11		31		34
Other income	0		0		0		1
Total revenues	10		11		47		35
COSTS AND EXPENSES
Cost of real estate sales	0		0		1		0
Interest	1,372		1,229		4,005		3,590
Taxes and assessments	2		2		7		8
Consulting and accounting	10		10		30		30
Legal and professional	6		5		11		11
General and administrative	17		14		48		44
Total costs and expenses	1,407		1,260		4,102		3,683
NET LOSS	$ (1,397)		$ (1,249)		$ (4,055)		$ (3,648)
NET LOSS PER SHARE STOCKHOLDERS-Basic and diluted (in dollars per share)	$ (0.29)	[1]	$ (0.26)	[1]	$ (0.85)	[1]	$ (0.78)	[1]

[1] Considers the effect of cumulative preferred dividends in arrears for the three and nine months ended September 30, 2011 and 2010.