CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Cash flows from operating activities:
Net loss attributable to stockholders	$ (3,419)	$ (1,762)
Adjustments to reconcile net loss attributable to stockholders to net cash provided by (used in) operating activities:
Depreciation	2,609	500
Amortization of intangibles	1,434	540
Amortization of deferred financing costs	502	80
Accretion of below-market lease liabilities and amortization of above-market lease assets, net	(239)	(75)
Net income attributable to non-controlling interests	154	(109)
Share-based compensation	218	5
Loss on derivative instrument	3
Changes in assets and liabilities:
Prepaid expenses and other assets	(1,160)	(652)
Accounts payable and accrued expenses	136	394
Due from affiliated entities		(357)
Deferred rent and other liabilities	25	202
Net cash provided by operating activities	263	(1,234)
Cash flows from investing activities:
Investment in real estate and other assets	(25,276)	(30,729)
Capital expenditures	(460)
Net cash used in investing activities	(25,736)	(30,729)
Cash flows from financing activities:
Proceeds from notes payable		8,900
Payments on notes payable		(2,967)
Proceeds from mortgage notes payable	21,300
Payments on mortgages notes payable	(14,085)	(136)
Proceeds from issuance of common stock	42,545	2,875
Proceeds from issuance of convertible preferred stock, net		16,954
Payments of offering costs and fees related to stock issuances	(10,050)	(3,655)
Payments of deferred financing costs	(1,992)	(1,328)
Distributions paid	(2,025)	(684)
Proceeds from (payments to) affiliate, net	(19)	113
Distributions to non-controlling interest holders	(909)
Contributions from non-controlling interest holders	0	13,000
Restricted cash	581	(760)
Net cash provided by financing activities	35,346	32,312
Net increase in cash and cash equivalents	9,873	349
Cash and cash equivalents, beginning of period	349	0
Cash and cash equivalents, end of period	10,222	349
Supplemental Disclosures:
Cash paid for interest	2,541	788
Cash paid for income taxes	12
Non-Cash Investing and Financing Activities:
Mortgage notes payable used to acquire investments in real estate	32,650	21,300
Debt assumed in real estate acquisitions		14,221
Common stock issued through distribution reinvestment plan	419
Reclassification of deferred offering costs		954
Preferred stock
Non-Cash Investing and Financing Activities:
Conversion of preferred stock to common stock	$ 16,954