CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Revenues
Net rental income	$ 3,383,497	$ 64,651	$ 6,763,765	$ 64,651
Other	126,923	3,484	281,266	3,484
Total revenues	3,510,420	68,135	7,045,031	68,135
Expenses
Property operating expenses	999,207	16,238	1,872,160	16,238
Management fees	132,143	2,788	260,655	2,788
Depreciation and amortization	1,475,868	48,252	3,355,419	48,252
General and administrative expenses	487,752	384,252	1,002,446	722,632
Asset management and oversight fees to affiliates	126,264	82,551	260,403	165,016
Real estate taxes and insurance	437,615	8,730	879,989	8,730
Acquisition costs	65,462	77,160	143,018	77,160
Total expenses	3,724,311	619,971	7,774,090	1,040,816
Other operating activities
Equity in earnings(loss) of unconsolidated joint ventures (Note 4)	19,444	(51,063)	52,694	(14,430)
Operating loss	(194,447)	(602,899)	(676,365)	(987,111)
Other income (expense)
Gain on revaluation of equity on business combination	0	3,527,620	0	3,527,620
Gain on sale of joint venture interests	0	2,014,533	0	2,014,533
Interest expense, net	(1,298,535)	(44,783)	(2,567,619)	(110,638)
Total other (expense) income	(1,298,535)	5,497,370	(2,567,619)	5,431,515
Net (loss) income	(1,492,982)	4,894,471	(3,243,984)	4,444,404
Net loss attributable to noncontrolling interest	(296,817)	(12,532)	(821,687)	(12,532)
Net (loss) income attributable to common shareholders	$ (1,196,165)	$ 4,907,003	$ (2,422,297)	$ 4,456,936
Basic Income (Loss) Per Common Share (in dollors per share)	$ (0.51)	$ 3.17	$ (1.05)	$ 3.24
Diluted Income (Loss) Per Common Share (in dollors per share)	$ (0.51)	$ 3.14	$ (1.05)	$ 3.20
Weighted Average Basic Common Shares Outstanding (in shares)	2,344,420	1,546,125	2,304,553	1,376,687
Weighted Average Diluted Common Shares Outstanding (in shares)	2,344,420	1,561,125	2,304,553	1,392,297