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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUE:        
Operating Property Revenue $ 7,689 $ 4,042 $ 13,727 $ 5,405
Investment and Other Income 553 857 890 1,166
Mortgage Loan Income, Net 650 197 870 384
Total Revenue 8,892 5,096 15,487 6,955
OPERATING EXPENSES:        
Operating Property Direct Expenses (exclusive of Interest and Depreciation) 6,236 3,388 11,243 4,498
Expenses for Non-Operating Real Estate Owned 593 444 1,146 924
Professional Fees 2,739 1,836 5,361 3,486
General and Administrative Expenses 1,642 1,344 3,154 2,722
Interest Expense 4,722 4,680 9,589 8,688
Depreciation and Amortization Expense 997 623 2,002 1,074
Settlement and Related Costs 0 805 0 1,123
Total Operating Expenses 16,929 13,120 32,495 22,515
RECOVERY OF CREDIT LOSSES AND GAIN ON DISPOSAL OF ASSETS:        
Gain on Disposal of Assets (6,583) (711) (12,000) (701)
Recovery of Credit Losses 0 (4,965) (548) (7,571)
Total Provision and Impairment Charges Recovery (6,583) (5,676) (12,548) (8,272)
Operating Costs and Expenses 10,346 7,444 19,947 14,243
Loss before Income Taxes (1,454) (2,348) (4,460) (7,288)
Provision for Income Taxes 0 0 0 0
NET LOSS $ (1,454) $ (2,348) $ (4,460) $ (7,288)
Basic and diluted loss per common share        
Net Loss per Share (in dollars per share) $ (0.09) $ (0.14) $ (0.27) $ (0.43)
Weighted Average Common Shares Outstanding (in shares) 15,939,966 16,873,880 16,383,629 16,873,880