CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Dec. 31, 2009
Revenues:
Rental income	$ 2,549,000	$ 1,550,000
Operating expense reimbursement	176,000	140,000
Total revenues	2,725,000	1,690,000
Operating expenses:
Property operating	317,000	402,000
Acquisition and transaction related	515,000	0
General and administrative	11,000	38,000
Depreciation and amortization	1,425,000	883,000
Total operating expenses	2,268,000	1,323,000
Operating income	457,000	367,000
Other income (expenses):
Interest expense	(1,051,000)	(660,000)
Loss on derivative instrument	(1,000)
Total other expenses	(1,052,000)	(660,000)
Net loss	(595,000)	(293,000)
Net loss (income) attributable to non-controlling interests	(24,000)	(48,000)
Net loss attributable to stockholders	(619,000)	(341,000)
Designated derivative, fair value adjustment	2,000	0
Comprehensive loss	$ (617,000)	$ (341,000)
Basic and diluted weighted average common shares outstanding	7,490,591	543,324
Basic and diluted net loss per share attributable to stockholders	$ (0.08)	$ (1.27)		[1]

[1] NM – not meaningful