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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (721) $ (717)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 3,333 3,190
Amortization of favorable real estate leases 51 65
Amortization of unfavorable real estate leases (6) (8)
Decrease in bad debt reserve (48)  
Changes in operating assets and liabilities:    
Restricted cash 1,654 1,615
Tenant rent receivable (229) 222
Step rent receivable 46 (398)
Prepaid expenses and other assets (90) (46)
Accounts payable and accrued expenses 268 (1,119)
Tenant security deposits 25 (65)
Payments of deferred leasing costs (424) (271)
Net cash provided by operating activities 3,859 2,468
Cash flows from investing activities:    
Purchase of real estate assets (2,466) (2,227)
Redemptions of restricted investments 10,000 10,014
Purchase of restricted investments (11,002) (9,006)
Net cash used for investing activities (3,468) (1,219)
Cash flows from financing activities:    
Distributions to stockholders (698)  
Net cash used for financing activities (698)  
Net increase (decrease) in cash and cash equivalents (307) 1,249
Cash and cash equivalents, beginning of period 23,810 19,981
Cash and cash equivalents, end of period 23,503 21,230
Supplemental disclosure of cash flow information:    
Cash paid for interest 845 845
Disclosure of non-cash investing activities:    
Accrued costs for purchase of real estate assets $ 216 $ 291