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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net loss$ (7,891)$ (2,199)
Adjustments to reconcile net loss to net cash provided by operating activities  
Depreciation3,3383,599
Amortization of loan costs101161
Loss on early extinguishment of debt6,489866
Change in accounts:  
Receivables and deposits(2)164
Other assets(21)6
Accounts payable(175)(28)
Tenant security deposit liabilities13(14)
Accrued property taxes(124)(119)
Other liabilities(5)129
Due to affiliates195(573)
Net cash provided by operating activities1,9181,992
Cash flows from investing activities:  
Net deposits to restricted escrows(524)(608)
Property improvements and replacements(1,531)(531)
Net cash used in investing activities(2,055)(1,139)
Cash flows from financing activities:  
Payments on mortgage notes payable(858)(1,016)
Repayment of mortgage notes payable(68,211)(9,131)
Proceeds from mortgage notes payable66,71327,000
Prepayment penalties paid(5,606)(766)
Loan costs paid(597)(225)
Advances from affiliate10,792540
Repayment of advances from affiliate(1,840)(12,151)
Distributions to partners0(5,080)
Net cash provided by (used in) financing activities393(829)
Net increase in cash and cash equivalents25624
Cash and cash equivalents at beginning of period526301
Cash and cash equivalents at end of period782325
Supplemental disclosure of cash flow information:  
Cash paid for interest4,1524,754
Supplemental disclosure of non-cash activity:  
Property improvements and replacements in accounts payable$ 58$ 36