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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Revenues    
Rental revenues $ 301,348  
Tenant reimbursements and other revenues 52,700  
Total revenues 354,048  
Expenses    
Property operating expenses 54,495  
Asset management and acquisition fees 504,682 47,875
Organization and offering costs 51,806 101,580
Real estate taxes and insurance 119,037  
Depreciation and amortization 354,101  
General and administrative 162,104 99,548
Total expenses 1,246,225 249,003
Loss before other (income) expense and equity in earnings of unconsolidated joint venture, net (892,177) (249,003)
Other income (expenses)    
Gain on re-measurement 508,047  
Interest income   93
Interest expense (96,586)  
Other income (expenses) 411,461 93
Loss after other (income) expense and before equity in earnings of unconsolidated joint venture, net (480,716) (248,910)
Equity in earnings of unconsolidated joint venture, net (39,678) 1,719
Net loss $ (520,394) $ (247,191)
Basic and diluted loss per common share    
Loss attributable to common stockholders $ (0.61) $ (5.31)
Weighted average number of common shares outstanding, basic and diluted 854,149 46,551