Petra Offshore Fund, Petra Fund REIT report $184,700 October profit

By Jim Witters

Wilmington, Del., Nov. 23 - Petra Offshore Fund LP and Petra Fund REIT Corp. reported a net income of $184,700 for October on revenue of $5,361, according to the companies' monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

The figures are in comparison to a net profit of $642 in September on revenue of $5,362.

The companies also reported operating cash of $279,524 as of Oct. 31, up from $94,823 at the end of September, according to court documents.

Petra Fund REIT is a New York-based real estate investment trust. The companies filed for bankruptcy on Oct. 20, 2010. Its Chapter 11 case number is 10-15500.

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