XML 48 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Organization (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
1 Months Ended 3 Months Ended 6 Months Ended 62 Months Ended 6 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 42 Months Ended 1 Months Ended 6 Months Ended 42 Months Ended
May 20, 2008
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Dec. 31, 2012
Sep. 30, 2009
Jun. 30, 2013
Brownmill, LLC [Member]
Apr. 12, 2011
Brownmill, LLC [Member]
Jun. 30, 2013
for each $1.0 million in subscriptions up to ten percent of its primary offering proceeds on a semi-annual basis [Member]
Brownmill, LLC [Member]
May 20, 2008
Advisory Services [Member]
Sep. 27, 2012
Public Offering [Member]
Apr. 30, 2009
Public Offering [Member]
Jun. 30, 2013
Public Offering [Member]
Aug. 15, 2012
Public Offering [Member]
Sep. 27, 2012
Public Offering [Member]
Maximum [Member]
Apr. 30, 2009
Public Offering [Member]
Maximum [Member]
Sep. 27, 2012
Distribution Reinvestment Plan [Member]
Apr. 30, 2009
Distribution Reinvestment Plan [Member]
Jun. 30, 2013
Distribution Reinvestment Plan [Member]
Aug. 15, 2012
Distribution Reinvestment Plan [Member]
Sep. 27, 2012
Restricted Share Award [Member]
Apr. 30, 2009
Restricted Share Award [Member]
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]                                                
Date of incorporation       Apr. 28, 2008                                        
Lightstone REIT, partnership formation date       Apr. 30, 2008                                        
Common stock, shares authorized   100,000   100,000   100,000 100,000                   30,000,000 51,000,000 2,500,000 6,500,000     255,000 255,000
Common stock, price per share                         $ 10 $ 10         $ 9.50 $ 9.50        
Initial Public Offering Starting Date                           Apr. 24, 2009                    
Stock issued during period, per share                       $ 10                        
Stock issued during period for services, shares                       20,000                        
Stock issued during period for services, value                       $ 200                        
Proceeds from offering, shares                             800,000 5,000,000         300,000 300,000    
Proceeds from offering       7,145                                 2,900      
Subscription receivable   30   30   30    6,500                                
Gross proceeds from issuance of equity                             8,000 49,800                
Selling commissions and dealer manager fees   387 217 680 510 6,000                   5,200                
Payment for organization and other offering expenses                               4,500                
Net proceeds from issuance initial public offering                             40,100 10,100                
Proceeds form issuance of equity, share-based compensation plan                               2,900                
General partner ownership interest       99.90%                                        
Advisor's contribution to operating partnership 2                                              
Partnership units issued 200                                              
Subordinate General Partner Unit Value                     1,000                          
Subordinated general partner participation, per unit cost                     $ 100                          
Percentage of subscriptions                     10.00%                          
Sponsor's cash contribution                 6,000                              
Ownership interest                 48.60% 10.00%                            
Subordinate profit interest units                 54                              
Aggregate value of subordinate profits                 $ 5,400