CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]
Rental revenue	$ 3,308	$ 952	$ 5,631	$ 1,909
Expenses:
Property operating expenses	1,964	439	3,609	864
Real estate taxes	143	45	295	90
General and administrative costs	576	472	1,015	793
Depreciation and amortization	311	92	687	184
Total operating expenses	2,994	1,048	5,606	1,931
Operating income/(loss)	314	(96)	25	(22)
Interest and dividend income	208	413	534	640
Bargain purchase gain	1,225		1,225
Gain on disposition of unconsolidated affiliated entity				741
Gain on sale of marketable securities			10
Income from investments in unconsolidated affiliated entities	17	39	71	86
Interest expense	(203)	(114)	(396)	(147)
Other (expense)/income, net	(26)	6	(63)	11
Net income	1,535	248	1,406	1,309
Less: net income attributable to noncontrolling interests	(66)	(13)	(55)	(30)
Net income applicable to Company's common shares	$ 1,469	$ 235	$ 1,351	$ 1,279
Net income per Company's common share, basic and diluted	$ 0.25	$ 0.05	$ 0.24	$ 0.27
Weighted average number of common shares outstanding, basic and diluted	5,873	4,971	5,670	4,823