Consolidated Balance Sheets (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Real estate:
Land	$ 4,838	$ 4,838
Buildings and improvements	30,627	30,224
Tenant origination and absorption costs	1,584	1,584
Total real estate, cost	37,049	36,646
Less accumulated depreciation and amortization	(2,214)	(759)
Total real estate, net	34,835	35,887
Cash and cash equivalents	1,713	3,125
Restricted cash	568	987
Deferred financing costs, prepaid expenses and other assets	365	377
Total assets	37,481	40,376
Notes payable:
Mortgage note payable, net	23,337	23,592
Unsecured note payable due to affiliate	4,500	14,000
Total notes payable, net	27,837	37,592
Accounts payable and accrued liabilities	749	1,289
Due to affiliates	1,200	312
Distributions payable	68	10
Other liabilities	109	133
Total liabilities	29,963	39,336
Commitments and contingencies (Note 7)
Redeemable common stock	68	0
Stockholders' equity
Preferred stock, $.01 par value; 10,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $.01 par value; 1,000,000,000 shares authorized, 1,368,109 and 367,447 shares issued and outstanding as of June 30, 2011 and December 31, 2010, respectively	14	4
Additional paid-in capital	11,498	3,101
Cumulative distributions and net losses	(4,062)	(2,065)
Total stockholders' equity	7,450	1,040
Total liabilities and stockholders' equity	$ 37,481	$ 40,376