Federal Income Tax Considerations (Tables)

6 Months Ended

Jun. 30, 2011

Federal Income Tax Considerations

Components Of Deferred Tax Assets And Liabilities

	June 30, 2011		December 31, 2010
Deferred tax assets:
Impairment loss	$	14,761	$	13,584
Allowance on other assets		1,443		1,423
Interest expense		8,977		7,256
Net operating loss carryforward		5,119		4,684
Other		1,073		672
Total deferred tax assets		31,373		27,619
Valuation allowance		(19,262)		(15,818)
Total deferred tax assets, net of allowance	$	12,111	$	11,801
Deferred tax liabilities:
Straight-line rentals	$	1,450	$	1,290
Book-tax basis differential		3,977		4,708
Other		3		-
Total deferred tax liabilities	$	5,430	$	5,998