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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2012
Dec. 31, 2011
Investment in real estate assets:    
Land $ 5,508,706 $ 3,956,317
Building and improvements, less accumulated depreciation of $891,015 and $443,431, respectively 32,225,270 26,646,463
Acquired intangible lease asset, less accumulated amortization of $404,106 and $199,773, respectively 4,080,430 3,242,461
Total investment in real estate assets, net 41,814,406 33,845,241
Cash and cash equivalents 40,887,297 1,880,515
Restricted cash 337,572 1,383,129
Rents and tenant receivables 29,938 0
Prepaid expenses 7,210 149,459
Due from affiliates 0 14,739
Deferred financing costs, less accumulated amortization of $48,722 and $24,236, respectively 265,757 199,481
Total assets 83,342,180 37,472,564
LIABILITIES AND STOCKHOLDERS' EQUITY    
Note payable 22,400,000 18,000,000
Due to affiliates 0 4,696,155
Accounts payable and accrued expenses 812,808 1,838,570
Escrowed investor proceeds 30,000 65,000
Acquired below market lease intangible, less accumulated amortization of $179,902 and $93,549, respectively 1,432,014 1,518,367
Distributions payable 326,459 72,447
Deferred rental income 344,338 303,819
Total liabilities 25,345,619 26,494,358
Commitments and contingencies      
Redeemable common stock 499,717 131,702
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.01 par value; 490,000,000 shares authorized, 6,778,129 and 1,383,441 shares issued and outstanding, respectively 67,781 13,834
Capital in excess of par value 60,138,797 12,262,806
Accumulated distributions in excess of earnings (2,709,734) (1,430,136)
Total stockholders' equity 57,496,844 10,846,504
Total liabilities and stockholders' equity $ 83,342,180 $ 37,472,564