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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net loss $ (2,698,000) $ (1,262,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of deferred financing costs 94,000 76,000
Depreciation and amortization 2,111,000 1,484,000
Straight-line rents and amortization of above/below market rents (133,000) (250,000)
Bad debt expense 37,000 7,000
Impairment of real estate 0 3,368,000
Gain on sales of real estate 0 (4,088,000)
Change in operating assets and liabilities:    
Tenant and other receivables, net (872,000) (737,000)
Prepaid and other assets 46,000 446,000
Preferred leasing commission 0 (377,000)
Restricted cash (356,000) (37,000)
Prepaid rent, security deposit and deferred revenues (425,000) 94,000
Receivables from related parties (192,000) (133,000)
Deferred costs and deposits 0 8,000
Accounts payable and accrued expenses 902,000 163,000
Net cash used in operating activities (1,486,000) (1,238,000)
Cash flows from investing activities    
Deferred acquisition costs (109,000) (3,205,000)
Real estate acquisitions and capitalized costs 0 (9,821,000)
Real estate improvements (62,000) (34,000)
Proceeds from note receivable 208,000 0
Proceeds from real estate dispositions 0 19,682,000
Net cash provided by investing activities 37,000 6,622,000
Cash flows from financing activities:    
Proceeds from issuance of loan payable 0 7,275,000
Security deposits refunded/received, net (7,000) 6,000
Repayment of loans payable (311,000) (9,892,000)
Non-controlling interest contribution 257,000 160,000
Distributions paid to non-controlling interests (22,000) (44,000)
Deferred financing costs (137,000) (261,000)
Net cash used in financing activities (220,000) (2,756,000)
Net (decrease) increase in cash and cash equivalents (1,669,000) 2,628,000
Cash and cash equivalents - beginning of period 10,538,000 1,067,000
Cash and cash equivalents - end of period (including cash of VIE) 8,993,000 3,695,000
Less cash and cash equivalents of VIE held for sale - end of period (see Note 10) (55,000) (140,000)
Cash and cash equivalents - end of period 8,938,000 3,555,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,342,000 1,155,000
Supplemental disclosure of non-cash financing and investing activities:    
Distribution declared not paid 0 0
Accrued real estate improvements $ 0 $ 12,000