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Condensed Consolidated Unaudited Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 193 $ 244
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,817 1,842
Amortization of intangible lease assets and below market lease intangibles, net 863 860
Amortization of deferred financing costs 278 199
Loss on early extinguishment of debt   259
Changes in assets and liabilities:    
Rents and tenant receivables (167) 157
Prepaid expenses and other assets 71 58
Accounts payable and accrued expenses (133) (198)
Deferred rent (372) (354)
Due to affiliates (6) 7
Net cash provided by operating activities 2,544 3,074
Cash flows from investing activities:    
Additions to real estate and related assets (10)  
Change in restricted cash (139) (407)
Net cash used in investing activities (149) (407)
Cash flows from financing activities:    
Distributions to investors (2,516) (3,038)
Proceeds from notes payable   51,625
Repayment of notes payable and line of credit (325) (51,505)
Proceeds from line of credit with affiliates   1,935
Payment of loan deposits   (433)
Refund of loan deposits   433
Deferred financing costs paid   (2,170)
Payment of costs related to the early extinguishment of debt   (212)
Net cash used in financing activities (2,841) (3,365)
Net decrease in cash and cash equivalents (446) (698)
Cash and cash equivalents, beginning of period 1,382 1,907
Cash and cash equivalents, end of period 936 1,209
Supplemental Disclosures of Non-Cash Investing and Financing Activites:    
Distributions declared and unpaid 415 415
Supplemental Cash Flow Disclosures:    
Interest paid $ 3,945 $ 3,798