CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (USD $) In Thousands, except Share data	Total	Convertible preferred stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Stockholders' Equity	Non- controlling Interests
Beginning Balance at Dec. 31, 2010	$ 24,125	$ 20	$ 3	$ 13,789	$ (2,578)	$ 11,234	$ 12,891
Beginning Balance (in shares) at Dec. 31, 2010		1,966,376	327,499
Issuance of common stock (in shares)			1,325,343
Issuance of common stock	13,155		13	13,142		13,155
Common stock offering costs, commissions and dealer manager fees	(3,194)			(3,194)		(3,194)
Common stock issued through distribution reinvestment plan (in shares)			7,094
Common stock issued through distribution reinvestment plan	68		1	67		68
Amortization of restricted stock	9			9		9
Contributions from Advisor	15			15		15
Distributions to non-controlling interests	(453)						(453)
Distributions declared	(976)				(976)	(976)
Net income (loss)	(1,048)				(1,150)	(1,150)	102
Ending Balance at Jun. 30, 2011	$ 31,701	$ 20	$ 17	$ 23,828	$ (4,704)	$ 19,161	$ 12,540
Ending Balance (in shares) at Jun. 30, 2011		1,966,376	1,659,936