Consolidated Statements of Operations and Comprehensive Loss (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Revenue:
Rental income	$ 5,359,560	$ 3,175,907	$ 9,756,038	$ 5,629,926
Property expense recoveries	703,548	442,773	1,301,655	782,730
Interest income	144	342	341	692
Total revenue	6,063,252	3,619,022	11,058,034	6,413,348
Expenses:
Asset management fees to affiliates	461,142	260,664	828,461	464,876
Property management fees to affiliates	158,679	90,704	285,541	165,176
Property operating expense	43,414		68,542
Property tax expense	636,549	442,773	1,199,005	782,730
Acquisition fees and expenses to non- affiliates	234,276	1,118,932	915,831	1,119,194
Acquisition fees and expenses to affiliates	873,000	1,680,000	3,159,000	1,680,000
General and administrative expenses	495,594	502,757	990,004	872,892
Depreciation and amortization	2,284,512	1,346,018	4,174,421	2,380,094
Interest expense	1,989,716	1,503,621	3,596,876	2,686,163
Total expenses	7,176,882	6,945,469	15,217,681	10,151,125
Net loss	(1,113,630)	(3,326,447)	(4,159,647)	(3,737,777)
Distributions to redeemable noncontrolling interests attributable to common stockholders	(62,396)		(120,421)
Net loss including distributions to redeemable noncontrolling interests attributable to common stockholders	(1,176,026)	(3,326,447)	(4,280,068)	(3,737,777)
Net loss attributable to noncontrolling interests	(334,089)	(1,819,566)	(1,409,333)	(2,062,251)
Net loss attributable to common stockholders	(841,937)	(1,506,881)	(2,870,735)	(1,675,526)
Net loss per share, basic and diluted	$ (0.10)	$ (0.50)	$ (0.40)	$ (0.64)
Weighted average number of common shares outstanding, basic and diluted	8,077,008	2,997,534	7,205,418	2,599,601
Comprehensive loss	$ (1,113,630)	$ (3,326,447)	$ (4,159,647)	$ (3,737,777)
Dividends Per Share Declared	$ 0.17	$ 0.17	$ 0.34	$ 0.34