Desert Capital REIT amends June results, reports $100,789 net profit

By Caroline Salls

Pittsburgh, July 25 - Desert Capital REIT, Inc. filed an amended monthly operating report for June under which the company said it posted a $100,789 net profit for the month, instead of a $248,319 net loss, according to a Friday filing with the U.S. Bankruptcy Court for the District of Nevada.

The total revenues for the month were $149,767, unchanged from the original June report. The June cash and cash equivalents figure was also unchanged at $223,284.

Desert Capital, a Henderson, Nev.-based real estate investment trust, had an involuntary Chapter 11 case filed against it on April 29. The case number is 11-16624.

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