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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Rental and other property revenues$ 0$ 0$ 0$ 0
Expenses:    
Property operating expenses671839
General and administrative (including $52 and $30 for the three months ended, $167 and $92 for the nine months ended 2011 and 2010 respectively from affiliates and related parties)9470370247
Advisory fee to affiliates219217650650
Total operating expenses3192941,038936
Operating loss(319)(294)(1,038)(936)
Other income (expense):    
Interest income from related party notes receivable5435121,5601,842
Mortgage and loan interest(282)(279)(928)(841)
Earnings from unconsolidated subsidiaries and investees28(8)(22)(5)
Total other income (expenses)289225610996
Income (loss) from continuing operations before tax(30)(69)(428)60
Income tax benefit (expense)(170)13(672)49
Net income (loss) from continuing operations(200)(56)(1,100)109
Discontinued operations:    
Income (loss) from discontinued operations(10)37(1,444)4
Loss on sale of real estate from discontinued operations(475) (475) 
Income tax benefit (expense) from discontinued operations170(13)672(1)
Net income (loss) from discontinued operations(315)24(1,247)3
Net income (loss)$ (515)$ (32)$ (2,347)$ 112
Earnings per share - basic    
Income (loss) from continuing operations$ (0.05)$ (0.01)$ (0.26)$ 0.03
Income (loss) from discontinued operations$ (0.08)$ 0.01$ (0.30) 
Net income (loss) applicable to common shares$ (0.13)$ 0$ (0.56)$ 0.03
Earnings per share - diluted    
Income (loss) from continuing operations$ (0.05)$ (0.01)$ (0.26)$ 0.03
Income (loss) from discontinued operations$ (0.08)$ 0.01$ (0.3) 
Net income (loss) applicable to common shares$ (0.13) $ (0.56)$ 0.03
Weighted average common share used in computing earnings per share4,168,2144,168,2144,168,2144,168,214
Weighted average common share used in computing diluted earnings per share4,168,2144,168,2144,168,2144,168,214