XML 64 R21.htm IDEA: XBRL DOCUMENT

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2014
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Distribution Reinvestment Plan From July 1, 2014 through August 12, 2014, the Company issued 0.8 million shares of common stock pursuant to the DRP raising proceeds of $7.2 million. As of August 12, 2014, 10.6 million shares were available to be issued pursuant to the DRP. Distributions On August 5, 2014, the board of directors of the Company approved a daily cash distribution of $0.002191781 per share of common stock for each of the three months ended December 31, 2014. Distributions are generally paid to stockholders on the first day of the month following the month for which the distribution was accrued. Share Repurchases From July 1, 2014 through August 12, 2014, the Company repurchased 0.4 million shares for a total of $3.8 million or a weighted average price of $9.63 per share under the Share Repurchase Program. New Investments From July 1, 2014 through August 12, 2014, the Company originated three CRE debt investments with $75.0 million aggregate principal amount.