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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (USD $)
In Thousands, except Share data
Total
Convertible Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Stockholders' Equity
Non- controlling Interests
Beginning Balance at Dec. 31, 2010$ 24,125$ 20$ 3$ 13,789 $ (2,578)$ 11,234$ 12,891
Beginning Balance (in shares) at Dec. 31, 2010 1,966,376327,499     
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of common stock (in shares)  2,590,858     
Issuance of common stock25,775 2725,748  25,775 
Offering costs, commissions and dealer manager fees(6,276)  (6,276)  (6,276) 
Common stock issued through distribution reinvestment plan (in shares)  20,368     
Common stock issued through distribution reinvestment plan193  193  193 
Issuance of restricted stock  12,000     
Amortization of restricted stock73  73  73 
Contributions from Advisor15  15  15 
Distributions to non-controlling interests(682)      (682)
Distributions declared(1,673)    (1,673)(1,673) 
Designated derivatives, fair value adjustment(114)   (114) (114) 
Net income (loss)(1,226)    (1,355)(1,355)129
Total comprehensive income (loss)(1,340)   (114)(1,355)(1,469)129
Ending Balance at Sep. 30, 2011$ 40,210$ 20$ 30$ 33,542$ (114)$ (5,606)$ 27,872$ 12,338
Ending Balance (in shares) at Sep. 30, 2011 1,966,3762,950,725