Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 4,200	$ 7,054
Loans
Principal balances	73,386	202,134
Advances	6,870	18,190
Accrued interest	2,446	13,119
Unsecured	44	85
Allowance for loan losses	(22,035)	(89,200)
Net loans	60,711	144,328
Real estate held for sale, net	48,406	54,206
Real estate held as investment	161,402	115,411
Receivable from affiliate		18
Other assets, net	680	971
Total assets	275,399	321,988
Liabilities
Bank loan, secured	16,789	50,000
Mortgages payable	43,681	36,270
Accounts payable	7,625	2,609
Deferred revenue		109
Payable to affiliate	725	973
Total liabilities	68,820	89,961
Capital
Limited partners’ capital, subject to redemption, net of unallocated syndication costs of $667 and $1,016 for 2011 and 2010, respectively; and net of formation loan receivable of $7,627 and $9,372 for 2011 and 2010, respectively	204,137	228,193
General partners’ capital, net of unallocated syndication costs of $7 and $10 for 2011 and 2010, respectively	(968)	(734)
Total partners’ capital	203,169	227,459
Non-controlling interest	3,410	4,568
Total capital	206,579	232,027
Total liabilities and capital	$ 275,399	$ 321,988