Real Estate Investments

3 Months Ended

Mar. 31, 2012

Real Estate and Accumulated Depreciation Disclosure [Text Block]

Real Estate Investments

The major components of real estate investments as of March 31, 2012 and December 31, 2011 are as follows:



	March 31, 2012		December 31, 2011
Land	$	21,312	21,312
Buildings and improvements	67,487		67,487
Intangibles	300		300
Subtotal	89,099		89,099
Less: accumulated depreciation and amortization	10,991		10,557
Total	$	78,108	78,542

Depreciation and amortization is computed using the straight-line method over the estimated service lives of the assets, ranging from 5 to 39 years.

- Definition

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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