Petra funds post $316,268 net loss for July; revenue down to $5,796

By Jim Witters

Wilmington, Del., Aug. 16 - Petra Offshore Fund LP and Petra Fund REIT Corp. posted a $316,268 net loss for July on $5,796 in revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, the Petra funds reported a $145,142 net loss for June on $6,028 of revenues.

The companies had $94,250 of operating cash at July 31, down from $410,517 at the end of June.

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

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