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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Net Real Estate Investments    
Land $ 45,233us-gaap_Land $ 37,909us-gaap_Land
Buildings and improvements 297,007us-gaap_BuildingsAndImprovementsGross 240,074us-gaap_BuildingsAndImprovementsGross
Furniture, fixtures and equipment 8,011us-gaap_FurnitureAndFixturesGross 6,481us-gaap_FurnitureAndFixturesGross
Total Gross Operating Real Estate Investments 350,251us-gaap_RealEstateGrossAtCarryingValue 284,464us-gaap_RealEstateGrossAtCarryingValue
Accumulated depreciation (13,277)us-gaap_RealEstateAccumulatedDepreciation (10,992)us-gaap_RealEstateAccumulatedDepreciation
Total Net Operating Real Estate Investments 336,974us-gaap_RealEstateInvestmentPropertyNet 273,472us-gaap_RealEstateInvestmentPropertyNet
Operating real estate held for sale, net 14,982us-gaap_RealEstateHeldforsale 14,939us-gaap_RealEstateHeldforsale
Total Net Real Estate Investments 351,956us-gaap_RealEstateInvestments 288,411us-gaap_RealEstateInvestments
Cash and cash equivalents 66,488us-gaap_CashAndCashEquivalentsAtCarryingValue 23,059us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash 2,915us-gaap_RestrictedCashAndCashEquivalents 11,091us-gaap_RestrictedCashAndCashEquivalents
Due from affiliates 531us-gaap_DueFromAffiliates 570us-gaap_DueFromAffiliates
Accounts receivable, prepaid and other assets 1,405us-gaap_AccountsAndOtherReceivablesNetCurrent 753us-gaap_AccountsAndOtherReceivablesNetCurrent
Investments in unconsolidated real estate joint ventures 22,298us-gaap_EquityMethodInvestments 18,331us-gaap_EquityMethodInvestments
In-place lease value, net 1,549cik0001442626_InPlaceLeases 745cik0001442626_InPlaceLeases
Deferred financing costs, net 2,554us-gaap_DeferredFinanceCostsNet 2,199us-gaap_DeferredFinanceCostsNet
Non-real estate assets associated with operating real estate held for sale 879cik0001442626_NonRealEstateAssetsAssociatedWithOperatingRealEstateHeldForSale 927cik0001442626_NonRealEstateAssetsAssociatedWithOperatingRealEstateHeldForSale
Total Assets 450,575us-gaap_Assets 346,086us-gaap_Assets
LIABILITIES AND EQUITY    
Mortgages payable 243,563us-gaap_LongTermDebtNoncurrent 201,343us-gaap_LongTermDebtNoncurrent
Mortgage payable associated with operating real estate held for sale 11,500cik0001442626_MortgagePayableAssociatedWithOperatingRealEstateHeldForSale 11,500cik0001442626_MortgagePayableAssociatedWithOperatingRealEstateHeldForSale
Accounts payable 505us-gaap_AccountsPayableCurrentAndNoncurrent 634us-gaap_AccountsPayableCurrentAndNoncurrent
Other accrued liabilities 4,489us-gaap_AccruedLiabilitiesCurrentAndNoncurrent 3,345us-gaap_AccruedLiabilitiesCurrentAndNoncurrent
Due to affiliates 2,948us-gaap_DueToAffiliateCurrentAndNoncurrent 1,946us-gaap_DueToAffiliateCurrentAndNoncurrent
Distributions payable 1,338us-gaap_DividendsPayableCurrentAndNoncurrent 889us-gaap_DividendsPayableCurrentAndNoncurrent
Liabilities associated with operating real estate held for sale 398cik0001442626_LiabilitiesAssociatedWithOperatingRealEstateHeldForSale 418cik0001442626_LiabilitiesAssociatedWithOperatingRealEstateHeldForSale
Total Liabilities 264,741us-gaap_Liabilities 220,075us-gaap_Liabilities
Stockholders' Equity    
Additional paid-in-capital 167,725us-gaap_AdditionalPaidInCapital 113,511us-gaap_AdditionalPaidInCapital
Distributions in excess of cumulative earnings (21,823)us-gaap_RetainedEarningsAccumulatedDeficit (21,213)us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Equity 146,035us-gaap_StockholdersEquity 92,385us-gaap_StockholdersEquity
Noncontrolling Interests    
Operating partnership units 2,942us-gaap_MinorityInterestInOperatingPartnerships 2,949us-gaap_MinorityInterestInOperatingPartnerships
Partially owned properties 36,857cik0001442626_PartiallyOwnedPropertiesNoncontrollingInterests 30,677cik0001442626_PartiallyOwnedPropertiesNoncontrollingInterests
Total Noncontrolling Interests 39,799us-gaap_MinorityInterest 33,626us-gaap_MinorityInterest
Total Equity 185,834us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 126,011us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
TOTAL LIABILITIES AND EQUITY 450,575us-gaap_LiabilitiesAndStockholdersEquity 346,086us-gaap_LiabilitiesAndStockholdersEquity
Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock, value 0us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredStockMember
0us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredStockMember
Common Class A [Member]    
Stockholders' Equity    
Common Stock, Value, Issued 125us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
75us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Common Class B-1 One [Member]    
Stockholders' Equity    
Common Stock, Value, Issued 0us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= cik0001442626_CommonClassB1OneMember
4us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= cik0001442626_CommonClassB1OneMember
Common Class B-2 One [Member]    
Stockholders' Equity    
Common Stock, Value, Issued 4us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= cik0001442626_CommonClassB2OneMember
4us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= cik0001442626_CommonClassB2OneMember
Common Class B-3 One [Member]    
Stockholders' Equity    
Common Stock, Value, Issued $ 4us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= cik0001442626_CommonClassB3OneMember
$ 4us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= cik0001442626_CommonClassB3OneMember