Consolidated Statements of Cash Flows (USD $)	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Operating Activities:
Net loss	$ (4,159,647)	$ (3,737,777)
Adjustments to reconcile net loss to net cash provided by operations:
Depreciation	2,087,426	1,331,722
Amortization of intangible assets	2,086,995	1,048,372
Amortization of above and below market leases	(199,392)	(41,798)
Amortization of deferring financing costs	487,853	377,961
Amortization of debt premium	(47,484)	(11,542)
Deferred rent	(586,712)	(351,874)
Property maintenance funded from restricted cash reserves		510
Funding of restricted cash reserves	(5,000)
Change in operating assets and liabilities:
Due from affiliates, net	459,521
Prepaid expenses and other assets	744,448	236,339
Accounts payable and other liabilities	831,638	2,211,120
Due to affiliates, net	536,180	786,396
Net cash provided by operating activities	2,235,826	1,849,429
Investing Activities:
Acquisition of properties, including reserves	(98,391,730)	(13,785,562)
Payments for construction-in-progress	(1,005)
Net cash used in investing activities	(98,392,735)	(13,785,562)
Financing Activities:
Proceeds from borrowings	96,584,015	12,300,000
Principal payoff of Mezzanine Loan	(25,400,000)	(11,899,305)
Principal amortization payments on secured indebtedness	(592,198)	(314,152)
Deferred financing costs	(975,027)	(139,500)
Issuance of common stock, net	27,955,977	13,302,849
Repurchase of common stock	(39,250)
Distributions to noncontrolling interests	(1,348,447)	(1,095,358)
Distributions to common stockholders	(1,275,875)	(500,076)
Net cash provided by financing activities	94,909,195	11,654,458
Net decrease in cash and cash equivalents	(1,247,714)	(281,675)
Cash and cash equivalents at the beginning of the period	5,429,440	1,636,072
Cash and cash equivalents at the end of the period	4,181,726	1,354,397
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	2,563,826	1,790,552
Supplemental Disclosures of Significant Non-cash Transactions:
Mortgage debt assumed in conjunction with the acquisition and contribution of real estate assets plus a premium of $211,423 and $412,298, respectively	6,908,270	34,837,746
Limited partnership units of the operating partnership issued in conjunction with the contribution of real estate assets by affiliates, net of discount		7,788,990
Increase/(decrease) in distributions payable to noncontrolling interests	(7,991)	39,927
Increase in distributions payable to common stockholders	85,448	45,056
Distributions to redeemable noncontrolling interests attributable to common stockholders as reflected on the consolidated statement of operations and comprehensive loss	120,421	77,144
Common stock issued pursuant to the distribution reinvestment plan	1,051,725	324,249
Common stock repurchase payable	55,725
Noncontrolling interests repurchase payable	$ 113,473