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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (978,000) $ (1,286,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 5,035,000 4,794,000
Amortization of favorable real estate leases 59,000 94,000
Amortization of unfavorable real estate leases (9,000) (12,000)
Decrease in bad debt reserve (64,000)  
Changes in operating assets and liabilities:    
Restricted cash (1,843,000) (1,008,000)
Tenant rent receivable 35,000 425,000
Step rent receivable (143,000) (560,000)
Prepaid expenses and other assets (21,000) (91,000)
Accounts payable and accrued expenses (763,000) (1,169,000)
Tenant security deposits 62,000 (88,000)
Payments of deferred leasing costs (648,000) (342,000)
Net cash provided by operating activities 722,000 757,000
Cash flows from investing activities:    
Purchase of real estate assets (3,052,000) (2,544,000)
Redemptions of restricted investments 15,000,000 25,014,000
Purchase of restricted investments (11,002,000) (20,009,000)
Net cash provided by investing activities 946,000 2,461,000
Cash flows from financing activities:    
Distributions to stockholders (1,397,000)  
Net cash used for financing activities (1,397,000)  
Net increase in cash and cash equivalents 271,000 3,218,000
Cash and cash equivalents, beginning of period 23,810,000 19,981,000
Cash and cash equivalents, end of period 24,081,000 23,199,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,268,000 1,268,000
Disclosure of non-cash investing activities:    
Accrued costs for purchase of real estate assets $ 222,000 $ 1,378,000