Consolidated Statements of Cash Flows (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Cash Flows from Operating Activities:
Net loss	$ (1,741)	$ (4)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	1,455	0
Bad debt expense	(4)	0
Amortization of premium on notes payable	(37)	0
Amortization of deferred financing costs	123	0
Changes in operating assets and liabilities:
Restricted cash for operational expenditures	419	0
Rents and other receivables	4	0
Prepaid expenses and other assets	(111)	0
Accounts payable and accrued liabilities	(540)	0
Due to affiliates	310	0
Other liabilities	(24)	0
Net cash used in operating activities	(146)	(4)
Cash Flows from Investing Activities:
Additions to real estate	(403)	0
Net cash used in investing activities	(403)	0
Cash Flows from Financing Activities:
Principal payments on unsecured notes payable due to affiliate	(9,500)	0
Principal payments on notes payable	(218)	0
Proceeds from issuance of common stock	9,903	0
Payments of commissions on stock sales and related dealer manager fees	(911)	0
Payments of other offering costs	(7)	0
Distributions paid	(130)	0
Net cash used in financing activities	(863)	0
Net decrease in cash and cash equivalents	(1,412)	(4)
Cash and cash equivalents, beginning of period	3,125	199
Cash and cash equivalents, end of period	1,713	195
Supplemental Disclosure of Cash Flow Information:
Interest paid	430	0
Supplemental Disclosure of Noncash Transactions:
Increase in other offering costs due to affiliates	585	0
Increase in distributions payable	58	0
Distributions paid to common stockholders through common stock issuances pursuant to the dividend reinvestment plan	$ 68	$ 0