CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Cash flows from operating activities:
Net Loss	$ (520,394)	$ (247,191)
Stock based compensation	61,250	60,000
Depreciation and amortization expense	361,454
Bad debt provision	36,791
Equity in earnings of unconsolidated joint venture, net	39,678	(1,719)
Gain on re-measurement	(508,047)
Changes in operating assets and liabilities:
(Increase) decrease accrued rent and accounts receivable	130,739
(Increase) decrease prepaid expenses and other assets	(5,697)
Increase (decrease) accounts payable and accrued expenses	50,159	38,587
Dividends and distributions payable		1,467
Increase (decrease) on due to related parties	201,787	227,260
Increase (decrease) tenants' security deposits	(1,550)
Net cash provided by operating activities	(153,830)	78,404
Cash flows from investing activities:
Investment in formerly unconsolidated joint venture	(6,654,339)	(1,915,000)
Net cash used in investing activities	(6,654,339)	(1,915,000)
Cash flows from financing activities:
Dividend distributions paid in cash	(252,207)	(1,467)
Payment of selling commissions	(1,000,356)	(99,692)
Borrowing net payment under insurance premium	(3,454)
Proceeds from issuance of common stock	14,868,025	2,573,178
Net cash provided in financing activities	13,612,008	2,472,019
Net change in cash	6,803,839	635,423
Cash at the beginning of period	636,523	1,100
Cash at the end of period	$ 7,440,362	$ 636,523