AmREIT Monthly Income & Growth Fund IV LP
CIK:0001382787|SEC Filings
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Sep. 30, 2015 |
Sep. 30, 2014 |
Sep. 30, 2015 |
Sep. 30, 2014 |
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| Income Statement [Abstract] | ||||||||
| Income (loss) from non-consolidated entities | $ 141 | $ 1,857 | $ 169 | $ 1,622 | ||||
| Expenses: | ||||||||
| General and administrative | 11 | 11 | 47 | 48 | ||||
| General and administrative - related party | 65 | 65 | 204 | 207 | ||||
| Asset management fees - related party | 63 | 63 | 191 | 191 | ||||
| Legal and professional | 54 | 49 | 181 | 159 | ||||
| Depreciation and amortization | 1 | |||||||
| Total operating expenses | 193 | 188 | 624 | 605 | ||||
| Operating (loss) income | (52) | 1,669 | (455) | 1,017 | ||||
| Other income (expense): | ||||||||
| Interest expense | (9) | (10) | (27) | (27) | ||||
| Total other income (expense) | (9) | (10) | (27) | (27) | ||||
| Income (loss) from continuing operations | (61) | 1,659 | (482) | 990 | ||||
| Income (loss) from discontinued operations: | ||||||||
| Gain on sale of real estate acquired for investment | 2,682 | 2,682 | ||||||
| Income (loss) from real estate operations | (105) | (132) | (306) | (439) | ||||
| Income (loss) from discontinued operations | 2,577 | (132) | 2,376 | (439) | ||||
| Net income (loss), including non-controlling interests | 2,516 | 1,527 | 1,894 | [1] | 551 | [1] | ||
| Net (income) loss attributable to non-controlling interests | (1,042) | (4) | (968) | 35 | ||||
| Net income (loss) attributable to partners | $ 1,474 | $ 1,523 | $ 926 | $ 586 | ||||
| Weighted average Units outstanding | 1,988 | 1,988 | 1,988 | 1,988 | ||||
| Net income (loss) per Unit | ||||||||
| Income (loss) from continuing operations | $ (30.68) | $ 834.51 | $ (242.45) | $ 497.99 | ||||
| Income (loss) from discontinued operations | 1,296.28 | (66.40) | 1,195.17 | (220.82) | ||||
| (Income) loss attributable to non-controlling interests | (524.14) | (2.01) | (486.92) | 17.61 | ||||
| Net income (loss) attributable to partners | $ 741.46 | $ 766.1 | $ 465.80 | $ 294.78 | ||||
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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands |
Sep. 30, 2015 |
Dec. 31, 2014 |
|---|---|---|
| Real estate investments at cost: | ||
| Land | $ 7,583 | |
| Buildings | 10,948 | |
| Tenant improvements | 357 | |
| Real estate investments, gross | 18,888 | |
| Less accumulated depreciation and amortization | (3,217) | |
| Real estate investments, net | 15,671 | |
| Real estate held for sale, net | $ 7,395 | |
| Investment in non-consolidated entities | 9,355 | 9,768 |
| Net real estate investments | 16,750 | 25,439 |
| Cash and cash equivalents | 9,958 | 246 |
| Tenant and accounts receivables, net | 57 | 78 |
| Accounts receivable - related party | $ 2 | 2 |
| Notes receivable, net | 2 | |
| Deferred costs, net | $ 34 | 48 |
| Other assets | 300 | 160 |
| TOTAL ASSETS | 27,101 | 25,975 |
| Liabilities: | ||
| Note payable held for sale | $ 5,614 | |
| Notes payable | 5,693 | |
| Notes payable - related party | $ 2,143 | 1,649 |
| Accounts payable and other liabilities | 311 | 463 |
| Accounts payable - related party | 3,219 | 231 |
| Security deposits | 46 | 42 |
| TOTAL LIABILITIES | 11,333 | $ 8,078 |
| Partners' capital: | ||
| General partner | ||
| Limited partners, 1,988 Units outstanding at September 30, 2015 and December 31, 2014 | 15,749 | $ 14,823 |
| TOTAL PARTNERS' CAPITAL | 15,749 | 14,823 |
| Non-controlling interests | 19 | 3,074 |
| TOTAL CAPITAL | 15,768 | 17,897 |
| TOTAL LIABILITIES AND CAPITAL | $ 27,101 | $ 25,975 |