Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Land	$ 138,404	$ 127,699
Buildings	172,146	140,532
Tenant improvements	14,483	11,083
Real estate investments at cost, gross	325,033	279,314
Less accumulated depreciation and amortization	(33,865)	(28,620)
Real estate investments at cost, net	291,168	250,694
Acquired lease intangibles, net	10,139	5,975
Investments in Advised Funds	8,322	8,036
Net real estate investments	309,629	264,705
Cash and cash equivalents	1,050	655
Cash on deposit with qualified intermediary		9,370
Tenant and accounts receivable, net	4,340	5,264
Accounts receivable - related party, net	645	521
Notes receivable, net	3,412	3,375
Notes receivable - related party, net	6,513	4,860
Deferred costs, net	2,887	2,869
Other assets	2,134	2,229
TOTAL ASSETS	330,610	293,848
LIABILITIES AND STOCKHOLDERS' EQUITY
Notes payable	201,658	161,848
Accounts payable and other liabilities	8,007	7,448
Acquired below-market lease intangibles, net	2,021	1,485
TOTAL LIABILITIES	211,686	170,781
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 23,197,917 and 23,118,133 shares issued and 23,197,917 and 23,113,916 outstanding as of December 31, 2011 and December 31, 2010, respectively	232	232
Capital in excess of par value	191,889	191,369
Accumulated distributions in excess of earnings	(73,197)	(68,160)
Accumulated other comprehensive loss		(346)
Cost of treasury stock, 0 and 4,217 shares as of December 31, 2011 and December 31, 2010, respectively		(28)
TOTAL STOCKHOLDERS' EQUITY	118,924	123,067
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 330,610	$ 293,848