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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Revenue    
Rental $ 21,066 $ 20,429
Tenant reimbursements 16,732 17,220
Parking 6,020 5,765
Other 296 706
Total revenue 44,114 44,120
Expenses    
Rental property operating 25,677 26,597
General and administrative 1,684 1,692
Depreciation and amortization 10,753 11,144
Interest 20,581 20,356
Total expenses 58,695 59,789
Loss from continuing operations before equity in net earnings (loss) of unconsolidated joint ventures (14,581) (15,669)
Equity in net earnings (loss) of unconsolidated joint ventures 497 (1,147)
Net loss (14,084) (16,816)
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax (180) (536)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest (14,264) (17,352)
Net (income) loss attributable to non-controlling interests:    
Preferred unitholders in the Operating Partnership (2,273) (2,273)
Common unitholders in the Operating Partnership 14,291 16,704
Net loss attributable to non-controlling interests 12,018 14,431
Net loss attributable to common stockholders before dividends paid and accrued on Senior Common Stock (2,246) (2,921)
Dividends paid and accrued on Senior Common Stock (1,748) (1,748)
Net loss attributable to common stockholders [1] $ (3,994) $ (4,669)
Income (Loss) from Continuing Operations, Per Basic and Diluted Share $ (1.00) $ (1.15)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic and Diluted Share (0.01) (0.03)
Net income (loss) per common share - basic and diluted (in usd per share) $ (1.01) $ (1.18)
Weighted average number of shares outstanding - basic and diluted (in shares) 3,941,242 3,941,242
[1] For each of the years ended December 31, 2015 and 2014, net loss attributable to common stockholders includes $2.3 million of priority allocation to Preferred Unit holders, which is included in non-controlling interests in the consolidated statements of operations. The Company continues to accrue the distributions but does not anticipate paying the distributions in the near term. See below for additional detail.