Note 6 - Real Estate and Related Assets: Schedule of real estate and related assets (Tables)

9 Months Ended

Sep. 30, 2012

Tables/Schedules

Schedule of real estate and related assets

	Cost	Useful Life	Accumulated Depreciation / Amortization	Net Book Value
Land	$  1,280,000			$  1,280,000
Buildings	1,130,292	20	$         86,493	1,043,799
Improvements	529,387	7	115,732	413,655
Subtotal real estate assets	2,939,679		202,225	2,737,454
Real estate related intangible assets:
Leases in place value	1,624,052	7	355,043	1,269,009
Unamortized tenant improvement allowances	530,444	12	67,652	462,792
Real estate intangible assets	2,154,496		422,695	1,731,801
Total real estate assets	$  5,094,175		$       624,920	$  4,469,255
Below market lease value acquired	$  (769,175)	12	$      (98,099)	$   (671,076)