Quarterly report pursuant to Section 13 or 15(d)

GENERAL (Details Narrative)

v2.4.0.6
GENERAL (Details Narrative) (USD $)
 1 Months Ended 6 Months Ended
Jul. 31, 2012
May 31, 2012
Apr. 30, 2012
Jun. 30, 2012
Notes to Financial Statements        
REIT Distribution Threshold for Nontaxation       90.00%
Common stock issuance, total shares 25,300,000 23,000,000 18,975,000 42,006,748
Equity Issuance, Per Share Amount $ 6.63 $ 6.71 $ 6.22  
Common stock issuance, total proceeds $ 167,400,000 $ 152,000,000 $ 115,200,000 $ 267,434,000
Common stock issuance, option granted 2,530,000 2,300,000 1,897,500 4,197,500
Estimated Fair Value of Options Granted in Common Stock Issuance $ 8,300,000 $ 7,600,000 $ 5,600,000 $ 13,200,000
Shares held by Fortress and affiliates in Newcastle       4,400,000
Options held by Fortress and affiliates in Newcastle       8,521,447
Common stock issuance to officers and directors, total shares 450,000      
Equity Issuance to Officers and Directors, Per Share Amount $ 6.70