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Condensed Consolidated Unaudited Statements of Operations (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Rental and other property income $ 3,904 $ 3,941 $ 7,805 $ 7,887
Tenant reimbursement income 98 94 183 192
Total revenue 4,002 4,035 7,988 8,079
Expenses:        
General and administrative expenses 130 150 303 297
Property operating expenses 162 139 333 264
Property management expenses 118 119 234 247
Depreciation 908 921 1,817 1,842
Amortization 451 451 901 901
Total operating expenses 1,769 1,780 3,588 3,551
Operating income 2,233 2,255 4,400 4,528
Other expense:        
Interest expense, net (2,117) (2,173) (4,207) (4,025)
Loss on early extinguishment of debt   (254)   (259)
Total other expense (2,117) (2,427) (4,207) (4,284)
Net income (loss) $ 116 $ (172) $ 193 $ 244
Weighted average number of common shares outstanding:        
Basic and diluted 10,090,951 10,090,951 10,090,951 10,090,951
Net income (loss) per common share:        
Basic and diluted $ 0.01 $ (0.02) $ 0.02 $ 0.02
Distributions declared per common share: $ 0.12 $ 0.12 $ 0.25 $ 0.28