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Condensed Consolidated Statement of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2011
Successor
Jun. 30, 2011
Successor
Jun. 30, 2010
Predecessor
Jun. 30, 2010
Predecessor
Revenue:        
Rental income $ 3,276 $ 6,552 $ 3,187 $ 6,401
Income from investments in loans 198 443 403 1,147
Total Revenue 3,474 6,995 3,590 7,548
Expenses        
Base management and services fees and buyout payments to related party 99 203 375 8,304
Incentive fee to related party 176 481    
Marketing, general and administrative (including stock-based compensation of $15 and $49 and $45 and $113, respectively) 1,202 2,340 2,367 4,183
Depreciation and amortization 868 1,736 841 1,683
Realized gain on sales and repayments of loans       (4)
Adjustment to valuation allowance on loans held at LOCOM     (84) (829)
Operating Expenses 2,345 4,760 3,499 13,337
(Income) or loss from investments in partially owned entities, net (1,384) (771) 876 1,459
Unrealized loss on derivative instruments   255 (310) 268
Impairment of investments 77 77    
Interest income (5) (8) (31) (79)
Interest expense including amortization and write-off of deferred financing costs 1,374 2,728 1,458 2,895
Net income (loss) $ 1,067 $ (46) $ (1,902) $ (10,332)
Net income or (loss) per share of common stock        
Net income (loss), basic $ 0.11 $ 0.00 $ (0.06) $ (0.34)
Net income (loss), diluted $ 0.10 $ 0.00 $ (0.06) $ (0.34)
Weighted average common shares outstanding, basic 10,149,562 10,145,018 30,344,489 30,326,975
Weighted average common shares outstanding, diluted 10,167,272 10,145,018 30,344,489 30,326,975
Dividends declared per common share $ 0.135 $ 0.135