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Consolidated Statements of Equity (Unaudited) (USD $)
In Thousands, except Share data
Total
Common shares
Additional Paid-In Capital
Accumulated Deficit
Total Shareholders' Equity
Noncontrolling Interest in Operating Partnership
Beginning balance at Dec. 31, 2010 $ 165,164 $ 92 $ 169,088 $ (4,441) $ 164,739 $ 425
Beginning balance, shares at Dec. 31, 2010   9,208,750        
Issuance of shares pursuant to Equity Incentive Plan, shares   12,104        
Issuance of shares pursuant to Equity Incentive Plan 210   210   210  
Issuance of shares, net of offering costs of $4,153, shares   4,600,000        
Issuance of shares, net of offering costs of $4,153 69,447 46 69,401   69,447  
Repurchase of vested common shares, shares   (915)        
Repurchase of vested common shares (15)   (15)   (15)  
Amortization of share based compensation 635   244   244 391
Dividends declared on common shares ($0.35 per share) (4,837)     (4,837) (4,837)  
Distributions declared on LTIP units ($0.35 per unit) (90)         (90)
Net Loss (1,955)     (1,955) (1,955)  
Ending balance at Jun. 30, 2011 $ 228,559 $ 138 $ 238,928 $ (11,233) $ 227,833 $ 726
Ending balance, shares at Jun. 30, 2011   13,819,939