CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
Real estate investments, at cost:
Land	$ 13,996	$ 11,243
Buildings, fixtures and improvements	57,704	50,051
Acquired intangible lease assets	7,251	6,321
Total real estate investments, at cost	78,951	67,615
Less accumulated depreciation and amortization	(3,362)	(1,042)
Total real estate investments, net	75,589	66,573
Cash and cash equivalents	7,141	349
Restricted cash	1,058	760
Due from affiliates, net	489	324
Prepaid expenses and other assets	4,881	652
Deferred financing costs, net	2,316	1,248
Total assets	91,474	69,906
LIABILITIES AND EQUITY
Mortgage notes payable	41,422	35,385
Notes payable	5,933	5,933
Below-market lease liabilities, net	1,099	1,288
Derivatives, at fair value	114
Accounts payable and accrued expenses	2,161	2,842
Deferred rent and other liabilities	281	202
Distributions payable	254	131
Total liabilities	51,264	45,781
Common stock, $0.01 par value; 240,000,000 shares authorized, 2,950,725 and 327,499 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively	30	3
Additional paid-in capital	33,542	13,789
Accumulated other comprehensive loss	(114)
Accumulated deficit	(5,606)	(2,578)
Total stockholders' equity	27,872	11,234
Non-controlling interests	12,338	12,891
Total equity	40,210	24,125
Total liabilities and equity	91,474	69,906
Preferred stock
LIABILITIES AND EQUITY
Preferred stock, value	0	0
Convertible preferred stock
LIABILITIES AND EQUITY
Preferred stock, value	$ 20	$ 20