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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (1,327,514) $ 105,225,100
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 514,012 465,954
Bad debt expense 12,000 (48,511)
Net periodic pension benefit cost (income) 176,294 (2,311)
Deferred income taxes   61,649,000
Rent receivable (1,499) 13,055
Deferred rent receivable 1,873 (49,652)
Condemnation proceeds receivable   (167,425,729)
Prepaid expenses and other assets (330,517) (197,687)
Increase (decrease) in liabilities:    
Accounts payable 31,391 6,421
Accrued liabilities (51,556) (18,173)
Deferred rent liability 31,616 43,332
Tenant security deposits 14,407 (41,952)
Total adjustments 398,021 (105,606,253)
Net cash used in operating activities (929,493) (381,153)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of building improvements and equipment (284,978) (155,997)
Land development costs (53,834) (55,194)
Purchases of marketable securities   (5,366,421)
Principal repayments of investments in marketable securities 645,296 185,165
Net cash provided by (used in) investing activities 306,484 (5,392,447)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on mortgage loans payable (5,013,415) (305,983)
Loan origination fees paid   (2,471)
Net cash used in financing activities (5,013,415) (308,454)
Net decrease in cash and cash equivalents (5,636,424) (6,082,054)
Cash and cash equivalents at beginning of period 94,164,722 10,375,994
Cash and cash equivalents at end of period 88,528,298 4,293,940
Supplemental cash flow information:    
Interest paid 26,637 518,317
Income Taxes paid $ 70,558