XML 19 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net (loss) income $ (261) $ 9,577
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Gain on sale of rental properties (10) (9,603)
Depreciation and amortization 377 498
Amortization of deferred financing costs 21 47
Loss on disposal of fixed assets 1 0
Changes in operating assets and liabilities:    
Restricted cash 799 603
Tenant receivables, net 60 2
Prepaid expense and other assets 25 21
Accounts receivable due from related parties 85 34
Accounts payable and accrued expenses (50) 272
Real estate tax payable (825) (719)
Accrued interest (1) (3)
Payables to related parties 8 (1,919)
Prepaid rent 0 (31)
Security deposits (1) (4)
Net cash provided by (used in) operating activities 228 (1,225)
Cash flows from investing activities:    
Capital expenditures (139) (72)
Proceeds from sale of rental property 10 11,683
Net cash (used in) provided by investing activities (129) 11,611
Cash flows from financing activities:    
Distributions to limited partners (240) (9,341)
Principal payments on mortgage notes payable (112) (190)
Net cash used in financing activities (352) (9,531)
Net (decrease) increase in cash (253) 855
Cash at beginning of period 6,702 4,483
Cash at end of period 6,449 5,338
Settlement of mortgage notes payable with proceeds from sale of rental property $ 0 $ (12,452)