XML 52 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Combined Condensed Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Rental property, at cost:    
Land $ 6,946 $ 6,946
Buildings 100,139 99,715
Tenant-in-common property 22,662 22,662
Real Estate Investment Property, at Cost, Total 129,747 129,323
Less: accumulated depreciation 76,263 74,944
Rental property, net 53,484 54,379
Cash and cash equivalents 2,195 2,181
Restricted cash 804 140
Tenant accounts receivable, net of allowance of $30 as of June 30, 2013 and December 31, 2012, respectively 269 234
Unbilled rent receivable 1,284 1,245
Other assets, net 718 [1] 493 [1]
Total assets 58,754 58,672
Liabilities and Partners' Deficit    
Wraparound mortgages payable 126,666 [1] 128,617 [1]
Less: unamortized discount based on imputed interest rate of 12% 6,494 [1] 13,017 [1]
Wraparound mortgages payable less unamortized discount 120,172 [1] 115,600 [1]
Due to NPAEP 3,090 [1] 3,422 [1]
Other borrowings 1,069 [1] 610 [1]
Accounts payable and other liabilities 3,464 [1] 3,576 [1]
Deferred revenue 3,869 4,040
Finance lease obligation 700 700
Total liabilities 132,364 127,948
Partners' deficit (73,610) (69,276)
Total liabilities and partners' deficit $ 58,754 $ 58,672
[1] See Note 3: Related Party Transactions.