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Consolidated Balance Sheets (unaudited) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Real estate investments at cost:    
Land $ 144,627,000 $ 147,460,000
Buildings 208,973,000 222,679,000
Tenant improvements 14,025,000 17,386,000
Real estate investments at cost, gross 367,625,000 387,525,000
Less accumulated depreciation and amortization (34,202,000) (39,820,000)
Real estate investments at cost, net 333,423,000 347,705,000
Acquired lease intangibles, net 14,494,000 15,976,000
Investments in Advised Funds 16,867,000 7,953,000
Net real estate investments 364,784,000 371,634,000
Cash and cash equivalents 1,400,000 2,992,000
Tenant and accounts receivable, net 5,047,000 5,566,000
Accounts receivable - related party, net 1,076,000 821,000
Notes receivable, net 4,226,000 2,731,000
Notes receivable - related party, net 7,294,000 6,748,000
Deferred costs, net 3,146,000 3,696,000
Other assets 2,553,000 3,206,000
TOTAL ASSETS 389,526,000 397,394,000
Liabilities:    
Notes payable 208,486,000 218,579,000
Accounts payable and other liabilities 7,697,000 9,593,000
Acquired below-market lease intangibles, net 4,115,000 3,507,000
TOTAL LIABILITIES 220,298,000 231,679,000
Stockholders' equity:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued      
Common stock; Class A common stock 162,000 162,000
Capital in excess of par value 246,009,000 245,403,000
Accumulated distributions in excess of earnings (76,943,000) (79,850,000)
TOTAL STOCKHOLDERS' EQUITY 169,228,000 165,715,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 389,526,000 397,394,000
Common Stock
   
Stockholders' equity:    
Common stock; Class A common stock 162,000 117,000
Class A Common Stock
   
Stockholders' equity:    
Common stock; Class A common stock    $ 45,000