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Petra Offshore Fund, Petra Fund REIT report $36,000 November net loss
By Caroline Salls
Pittsburgh, Dec. 15 - Petra Offshore Fund LP and Petra Fund REIT Corp. reported a net loss of $36,000 for November on $4,985 of revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.
The figures compare with $184,700 of net income posted for October on revenue of $5,361.
The companies also reported operating cash of $238,323 at Nov. 30, down from $279,524 at the end of October.
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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