CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2012	Dec. 31, 2011
ASSETS
Land	$ 27,670,000	$ 0
Building and improvements	117,634,275	0
Furniture, fixtures and equipment	2,436,135	0
Total Gross Operating Real Estate Investments	147,740,410	0
Accumulated depreciation	(1,150,477)	0
Total Net Real Estate Investments	146,589,933	0
Cash and cash equivalents	2,789,163	420,570
Restricted cash	2,290,387	0
Due from affiliates	5,024	0
Accounts receivable, prepaids and other assets	547,600	109,165
Investments in unconsolidated real estate joint ventures (Note 5)	2,398,902	5,387,147
In-place leases, net	1,195,490	0
Deferred financing costs, net	814,932	0
Total Assets	156,631,431	5,916,882
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Mortgage payable (Note 7)	96,099,690	0
Line of credit (Note 8)	11,935,830	0
Notes payable to affiliates (Note 9)	0	3,834,578
Accounts payable	747,339	119,899
Other accrued liabilities	2,412,376	471,927
Due to affiliates	1,822,567	1,791,440
Distributions payable	129,656	63,178
Total Liabilities	113,147,458	6,281,022
Commitments and contingencies (Note 13)
Redeemable common stock	372,581	20,745
Stockholders' Equity (Deficit)
Preferred stock, value	0	0
Common stock, $0.01 par value, 749,999,000 shares authorized; 2,219,432 and 1,113,968 shares issued and outstanding as of December 31, 2012 and December 31, 2011, respectively	22,194	11,140
Additional paid-in-capital, net of costs	16,157,954	7,475,175
Cumulative distributions and net losses	(5,142,197)	(7,871,210)
Total Stockholders' Equity (Deficit)	11,037,961	(384,885)
Noncontrolling interest	32,073,431	0
Total Equity (Deficit)	43,111,392	(384,885)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	156,631,431	5,916,882
Nonvoting Convertible Stock [Member]
Stockholders' Equity (Deficit)
Preferred stock, value	$ 10	$ 10