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Debt
12 Months Ended
Dec. 31, 2011
Debt  
Debt Disclosure [Text Block]

Note 10 — Note Payable

 

       Related to the Richardson Heights property acquisition discussed in Note 4, we acquired a $9.575 million mortgage note payable with a bank secured by the Richardson Heights shopping center.  Loan proceeds of $9.575 million were funded at closing.  The note bears interest at the lesser of 5.5% per annum or Texas Capital Bank Prime plus 1% per annum.  The interest rate was 5.5% per annum as of December 31, 2011.  Monthly payments of interest only began February 14, 2011.  The loan matures on January 30, 2014.  The loan is subject to customary covenants.  As of December 31, 2011 we were in compliance with all loan covenants.