Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net (loss) income	$ 13,139,000	$ 420,000
Adjustments to reconcile net income to net cash used in operating activities:
Real estate related impairments	0	5,300,000
Gain on extinguishment of debt	(13,634,000)	(6,667,000)
Depreciation and amortization (including deferred financing costs, deferred rent, lease inducements and above/below market leases)	157,000	1,394,000
Equity in losses (earnings) of unconsolidated real estate	12,000	(609,000)
Allowance for doubtful accounts	44,000	118,000
Change in operating assets and liabilities:
Accounts receivable, including accounts and loans receivable due from related parties	(138,000)	260,000
Other assets	38,000	(317,000)
Restricted cash	(21,000)	(389,000)
Accounts payable and accrued liabilities, including accounts payable to related parties	(235,000)	384,000
Security deposits, prepaid rent and other liabilities	(181,000)	(19,000)
Net cash used in operating activities	(819,000)	(125,000)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	0	(296,000)
Distributions from unconsolidated real estate	0	1,268,000
Proceeds from repayment of loans receivable from related parties	0	579,000
Net cash provided by investing activities	0	1,551,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Restricted cash	0	1,000
Borrowings on mortgage loans payable	0	180,000
Distributions to unit holders	(500,000)	(2,000,000)
Cash transferred to lender in connection with transfer of property	(49,000)	(213,000)
Net cash used in financing activities	(549,000)	(2,032,000)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(1,368,000)	(606,000)
CASH AND CASH EQUIVALENTS - beginning of period	2,031,000	2,724,000
CASH AND CASH EQUIVALENTS - end of period	663,000	2,118,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	0	1,850,000
NONCASH INVESTING AND FINANCING ACTIVITIES:
Accrual for tenant improvements and capital expenditures	0	12,000
Transfer of real estate and other assets and liabilities in connection with debt extinguishment	29,788,000	10,749,000
Cancellation of debt and accrued interest in connection with transfer of real estate and other assets and liabilities	$ 43,471,000	$ 17,629,000

NNN 2003 VALUE FUND LLC 10-Q/A