Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2012

Basis of Presentation and Summary of Significant Accounting Policies [Abstract]

Schedule of estimated useful lives of assets

Buildings	25-40 years
Building Improvements	5-20 years
Land Improvements	15-25 years
Tenant Improvements	Shorter of estimated useful life or remaining contractual lease term
Tenant origination and absorption cost	Remaining contractual lease term
In-place lease valuation	Remaining contractual lease term with consideration as to below-market extension options for below-market leases

Schedule of organizational and offering costs incurred

	June 30, 2012		December 31, 2011
Cumulative offering costs- Private and Public Offerings	$	11,508,541	$	7,944,029
Cumulative organizational costs- Private and Public Offerings	$	375,760	$	373,953
Organizational and offering costs previously advanced by the Advisor	$	240,763	$	26,735
Adjustment to organizational and offering costs pursuant to limitations the Advisor is subject to		—		(709,876	)
Net due to/(from) Advisor	$	240,763	$	(683,141	)

Schedule of carrying values and estimated fair values of financial instruments

	Six Months Ended June 30, 2012				Year Ended December 31, 2011
	Fair Value		Carrying Value		Fair Value		Carrying Value
Plainfield	$	21,811,203	$	20,398,388	$	21,912,937	$	20,534,269
Emporia Partners	$	5,108,279	$	4,907,309	$	5,225,659	$	5,053,094
LTI (1)	$	34,360,171	$	34,101,424	$	34,445,599	$	34,445,599
GE (2)	$	7,105,854	$	7,105,854		—		—

(1) The balance at June 30, 2012 includes a debt premium of $0.3 million.

(2) The balance at June 30, 2012 includes a debt premium of $0.2 million.