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Consolidated Statements of Operations (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Rental income $ 1,330 $ 0 $ 2,632 $ 0
Total revenues 1,330 0 2,632 0
Expenses:        
Operating, maintenance, and management 392 0 736 0
Real estate taxes and insurance 273 0 548 0
Asset management fees to affiliate 90 0 179 0
General and administrative expenses 304 2 597 4
Depreciation and amortization 492 0 1,455 0
Interest expense 363 0 858 0
Total expenses 1,914 2 4,373 4
Net loss $ (584) $ (2) $ (1,741) $ (4)
Net loss per common share, basic and diluted $ (0.54) $ (0.09) $ (2.16) $ (0.18)
Weighted-average number of common shares outstanding, basic 1,091,527 20,000 804,495 20,000
Weighted-average number of common shares outstanding, diluted 1,091,527 20,000 804,495 20,000
Distributions declared per common share $ 0.162 $ 0.000 $ 0.322 $ 0.000