Selling Commissions, Dealer Manager Fees and Other Offering Costs

6 Months Ended

Jun. 30, 2013

Selling Commissions, Dealer Manager Fees and Other Offering Costs [Abstract]

Selling Commissions, Dealer Manager Fees and Other Offering Costs

6. Selling Commissions, Dealer Manager Fees and Other Offering Costs

Selling commissions and dealer manager fees are paid to the Dealer Manager, pursuant to various agreements, and other third-party offering expenses such as registration fees, due diligence fees, marketing costs, and professional fees are accounted for as a reduction against additional paid-in capital ("APIC") as costs are incurred. Organizational costs are expensed as general and administrative costs. The following table represents the selling commissions and dealer manager and other offering costs for the periods indicated:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
Selling commissions and dealer manager fees	$	387	$	217	$	680	$	510
Other offering costs	$	552	$	216	$	989	$	561

Since the Company's inception through June 30, 2013, it has incurred approximately $6.0 million in selling commissions and dealer manager fees and $6.9 million of other offering costs in connection with the public offering of shares of its common stock.