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Petra Offshore Fund, Petra Fund REIT report $23,803 December net loss
By Caroline Salls
Pittsburgh, Jan. 17 - Petra Offshore Fund LP and Petra Fund REIT Corp. reported a net loss of $23,803 for December on $4,981 of revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.
The figures compare with a $36,000 net loss on $4,985 of revenues posted for November.
The companies also reported operating cash of $214,519 at Dec. 31, down from $238,323 at the end of November.
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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