CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
Cash flows from operating activities:
Net loss attributable to stockholders	$ (1,355)	$ (155)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	1,697	222
Amortization of intangibles	1,103	62
Amortization of deferred financing costs	262	0
Accretion of below-market lease liabilities and amortization of above-market lease assets, net	(175)	(34)
Net income attributable to non-controlling interests	129
Amortization of restricted shares	73	1
Changes in assets and liabilities:
Prepaid expenses and other assets	(375)	(376)
Accounts payable and accrued expenses	100	547
Deferred rent and other liabilities	79	154
Net cash provided by operating activities	1,538	421
Cash flows from investing activities:
Investment in real estate and other assets	(5,317)	(18,535)
Deposits for real estate acquisitions	(3,165)
Capital expenditures	(262)
Net cash used in investing activities	(8,744)	(18,535)
Cash flows from financing activities:
Proceeds from notes payable		8,900
Payments on notes payable		(2,967)
Payments on mortgages notes payable	(213)	(66)
Proceeds from issuance of common stock	24,983
Proceeds from issuance of convertible preferred stock, net		14,569
Payments of offering costs and fees related to stock issuances	(7,057)	(566)
Payments of deferred financing costs	(1,228)
Distributions paid	(1,357)	(334)
Proceeds from affiliate, net	(150)	17
Distributions to non-controlling interest holders	(682)
Restricted cash	(298)	(908)
Net cash provided by financing activities	13,998	18,645
Net increase in cash and cash equivalents	6,792	531
Cash and cash equivalents, beginning of period	349
Cash and cash equivalents, end of period	7,141	531
Supplemental Disclosures:
Cash paid for interest	1,221	419
Cash paid for income taxes	12
Non-Cash Investing and Financing Activities:
Common stock issued through distribution reinvestment plan	193
Proceeds from mortgage notes payable used to aquire investments in real estate	$ 6,250	$ 14,221