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Condensed Consolidated Statement of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Rental and other property income $ 878,607 $ 8,134 $ 1,610,652 $ 8,134
Tenant reimbursement income 239,699 1,253 433,105 1,253
Total revenue 1,118,306 9,387 2,043,757 9,387
Expenses:        
General and administrative expenses 241,649 61,400 422,017 114,508
Property operating expenses 239,698 1,253 433,105 1,253
Acquisition related expenses 304,501 718,839 304,501 718,839
Depreciation 242,578 2,274 447,584 2,274
Amortization 112,130 1,024 204,333 1,024
Total operating expenses 1,140,556 784,790 1,811,540 837,898
Operating income (loss) (22,250) (775,403) 232,217 (828,511)
Other income (expense):        
Interest and other income 12,571 108 13,987 108
Interest expense (242,420) (4,708) (497,712) (4,708)
Total other expense (229,849) (4,600) (483,725) (4,600)
Net income (loss) $ (252,099) $ (780,003) $ (251,508) $ (833,111)
Weighted average number of common shares outstanding:        
Basic and diluted (in shares) 4,498,874 32,503 3,160,358 26,286
Net income (loss) per common share:        
Basic and diluted (in dollars per share) $ (0.06) $ (24.00) $ (0.08) $ (31.69)
Distributions declared per common share (in dollars per share) $ 0.16 $ 0.04 $ 0.33 $ 0.05