Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Impairment Charge Recorded for Real Estate Held for Variable Interest Entity Sale in Discontinued Operations [Table Text Block]

The following is a summary of the components of (loss) income from discontinued operations for the three months and six months ended June 30, 2014 and 2013:

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Rental revenues, tenant reimbursements and other income	$	599,000	$	1,297,000	$	1,153,000	$	2,640,000
Operating expenses and real estate taxes		(670,000)		(1,155,000)		(1,389,000)		(2,238,000)
Depreciation and amortization		—		(149,000)		—		(402,000)
Impairment of real estate		—		(3,368,000)		—		(3,368,000)
Gain on sales of real estate net		—		37,000		—		4,088,000
Income (loss) from discontinued operations	$	(71,000)	$	(3,338,000)	$	(236,000)	$	720,000

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The following table presents balance sheet information for the properties classified as held for sale as of June 30, 2014 and December 31, 2013.

	June 30, 2014		December 31, 2013
Assets of variable interest entity held for sale:
Cash and cash equivalents	$	55,000	$	124,000
Investments in real estate, net		3,905,000		3,905,000
Accounts receivable, inventory and other assets		211,000		270,000
Total assets	$	4,171,000	$	4,299,000
Liabilities of variable interest entity held for sale:
Note payable	$	1,332,000	$	1,332,000
Loan payable		157,000		219,000
Accounts payable and accrued liabilities		606,000		600,000
Intangible lease liabilities, net		145,000		145,000
Interest payable		556,000		473,000
Liabilities of variable interest entity held for sale	$	2,796,000	$	2,769,000