Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Real estate, at cost:
Land	$ 193,471	$ 187,943
Buildings and improvements	280,468	254,822
Total real estate, at cost	473,939	442,765
Less: accumulated depreciation and amortization	(40,525)	(36,412)
Net real estate held for investment	433,414	406,353
Cash and cash equivalents	11,048	15,005
Rental income in excess of amount billed	15,438	15,172
Acquired lease intangible assets, net	14,242	16,036
Other assets	13,453	13,143
Total assets	487,595	465,709
Liabilities:
Mortgage notes payable, net	335,782	335,865
Secured revolving credit facility	27,775
Accounts payable and accrued expenses	1,928	2,513
Dividends payable	1,249	2,488
Acquired lease intangible liabilities, net	6,332	6,833
Other liabilities	5,797	6,179
Total liabilities	378,863	353,878
Commitments and contingencies (Note 9)
Equity:
Common stock, $.0001 par value; 100,000,000 shares authorized; 13,881,901 and 13,820,434 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	1	1
Additional paid-in capital	138,534	139,385
Distributions in excess of net income	(97,534)	(96,081)
Total stockholders’ equity	41,001	43,305
Noncontrolling interest	67,731	68,526
Total equity	108,732	111,831
Total liabilities and equity	487,595	465,709
Series A Preferred Stock [Member]
Equity:
Preferred stock, value
Series B Preferred Stock, Non-Voting [Member]
Equity:
Preferred stock, value