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Subsequent Events
6 Months Ended
Jun. 30, 2012
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS
Status of the Offering
As of August 9, 2012, the Company had received $85.5 million in gross offering proceeds through the issuance of approximately 8.6 million shares of its common stock in the Offering (including shares issued pursuant to the DRIP).
Investment in Real Estate and Related Assets
On July 31, 2012, the Company acquired one property for an aggregate purchase price of $32.6 million. The acquisition was funded with net proceeds of the Offering. Acquisition related expenses totaling $651,000 were expensed as incurred.