XML 21 R42.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stockholders' Equity (Details) (USD $)
Share data in Millions, except Per Share data, unless otherwise specified
1 Months Ended 3 Months Ended 12 Months Ended 50 Months Ended
Mar. 31, 2013
Feb. 28, 2013
Jan. 31, 2013
Mar. 31, 2013
Dec. 31, 2012
Mar. 31, 2013
Common Stock            
Number of shares of common stock sold pursuant to primary offering       17.4 43.4 76.5
Gross proceeds from issuance of common stock       $ 173,500,000 $ 433,000,000 $ 761,800,000
Distribution Reinvestment Plan            
Initial purchase price per share under the DRP (in dollars per share)       $ 9.50    
Price of shares issued as a percentage of estimated value per share       95.00%    
Period within which the company expects to establish an estimated value per share       18 months    
Selling commissions or dealer manager fees that will be paid for sales under DRP       0    
Notice period served by board of directors to amend or terminate DRP       10 days    
Shares sold pursuant to DRP       0.6 1.1 1.8
Total proceeds from sale of shares pursuant to DRP       5,242,000 10,305,000 17,100,000
Distributions            
Daily amount of distribution accrued per share (in dollars per share)       $ 0.002185792    
Annual distribution rate (as a percent)       8.00%    
Cash 2,909,000 2,378,000 2,441,000 13,464,000 27,922,000  
DRP 2,163,000 1,778,000 1,795,000      
Total 5,072,000 4,156,000 4,236,000      
Share Repurchase Program            
Holding period of shares required for repurchase       1 year    
Number of shares repurchased       0.1 0.1  
Total amount of shares repurchased       $ 1,019,000 $ 1,371,000  
Repurchase price paid per share (in dollars per share)       $ 9.74 $ 9.62