Common Stock Common Stock (Tables)

12 Months Ended

Dec. 31, 2012

Common Stock [Abstract]

Offering Cost Fees [Table Text Block]

	Selling Commission	Dealer Manager Fee	Distribution Fee
Class A Shares	up to 3.5%	0.55%	0.50%
Class M Shares	None	0.55%	None
Class E Shares	None	None	None

The selling commission, dealer manager fee and distribution fee are offering costs and will be recorded as a reduction of capital in excess of par value.

Class of Stock [Line Items]

Schedule of Stock by Class [Table Text Block]

The stock issuances for our three classes of shares for the years ending December 31, 2012 and 2011 were as follows:

	December 31, 2012			December 31, 2011
	# of shares	$ Amount		# of shares	$ Amount
Class A Shares	3,612,169	$	37,035	—	$	—
Class M Shares	104,282	1,057		—	—
Class E Shares (1)	5,202,625	50,794		66,568	617
Total		$	88,886		$	617

(1) On August 8, 2012, we sold 5,120,355 shares of our undesignated common stock to an affiliate of our Advisor at our June 30, 2012 net asset value of approximately $9.76 per share. On November 14, 2011, we sold 21,588 shares of our undesignated common stock for $200 to an affiliate of our Advisor at our September 30, 2011 net asset value of approximately $9.26 per share. The undesignated shares of our common stock were designated as Class E shares on September 27, 2012.

Tender Offer Results [Table Text Block]

Period Ending	Total Number of Shares Purchased	Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Maximum Number (or approximate Dollar Value) of Shares That May Yet be Purchased Under the Plans or Programs
September 2012	2,748,659	$	9.76	2,748,659	$	—

Tax treatment of dividends [Table Text Block]

The table below summarizes the income tax treatment of distributions paid during the years ended December 31, 2012 and 2011:

Record Date	Payment Date	Total Distribution per Share		Total Distribution Allocable to 2012		2012 Taxable Ordinary Dividends		2012 Qualified Dividends		2012 Total Capital Gain Distribution		Return of Capital (1)		2012 Unrecaptured Section 1250 Gain
3/30/2012	5/4/2012	$	0.09506	$	0.09506	$	—	$	—	$	—	$	0.09506	$	—
6/29/2012	8/3/2012	0.09506		0.09506		—		—		—		0.09506		—
9/28/2012	11/2/2012	0.09506		0.09506		—		—		—		0.09506		—
Total		$	0.28518	$	0.28518	$	—	$	—	$	—	$	0.28518	$	—
Record Date	Payment Date	Total Distribution per Share		Total Distribution Allocable to 2011		2011 Taxable Ordinary Dividends		2011 Qualified Dividends		2011 Total Capital Gain Distribution		Return of Capital (1)		2011 Unrecaptured Section 1250 Gain
9/30/2011	12/7/2011	$	0.09506	$	0.09506	$	—	$	—	$	—	$	0.09506	$	—
Total		$	0.09506	$	0.09506	$	—	$	—	$	—	$	0.09506	$	—

(1) Distributions represent a return of stockholder capital and are adjusted for the 4.786 to 1 stock dividend which occurred on October 1, 2012.