CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2013	Dec. 31, 2012
ASSETS
Cash and cash equivalents	$ 17,039,000	$ 21,507,000
Investments in real estate:
Land	23,193,000	23,193,000
Buildings and improvements, net	155,568,000	157,845,000
Furniture, fixtures and equipment, net	2,949,000	3,315,000
Intangible lease assets, net	3,431,000	5,383,000
Total Investment In Real Estate	185,141,000	189,736,000
Deferred financing costs, net	1,504,000	1,697,000
Investment in unconsolidated entities	3,331,000	3,529,000
Tenant and other receivable, net	2,546,000	1,988,000
Deferred costs and other assets	6,912,000	2,987,000
Restricted cash	3,607,000	3,821,000
Goodwill	5,965,000	5,965,000
Total assets	226,045,000	231,230,000
Liabilities:
Notes payable, net	144,198,000	145,364,000
Accounts payable and accrued liabilities	3,918,000	4,545,000
Prepaid rent and security deposits	1,891,000	1,879,000
Distributions payable	1,585,000	1,533,000
Total liabilities	151,592,000	153,321,000
Commitments and contingencies
Equity:
Common stock, $0.01 par value per share; 580,000,000 shares authorized; 12,717,088, and 12,807,673 shares issued and outstanding at June 30, 2013 and December 31,2012, respectively	127,000	128,000
Additional paid-in capital	87,531,000	91,589,000
Accumulated deficit	(16,951,000)	(17,936,000)
Total stockholders’ equity	70,707,000	73,781,000
Noncontrolling interests	3,746,000	4,128,000
Total equity	74,453,000	77,909,000
Total liabilities and equity	$ 226,045,000	$ 231,230,000